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LIC Axis Bank Signature Credit Card

The LIC Axis Bank Signature Credit Card is a rewards-focused card with no first-year fee. Cardholders earn 2X rewards on LIC premium payments and 2X points on international spends. Additionally, the card offers 8 domestic lounge visits annually, making it suitable for frequent travelers who want added convenience and reward benefits.

LIC Axis Bank Signature Credit Card

About LIC Axis Bank Signature Credit Card

The LIC Axis Bank Signature Credit Card is an enhanced version of the standard platinum card. It provides 2% reward points on LIC premium payments and international transactions, and 1% on other spends. Rewards can be redeemed through the card’s catalogue for vouchers and products.

In addition to rewards, cardholders receive 8 complimentary domestic lounge visits annually, along with benefits such as a fuel surcharge waiver and up to 20% off on dining at partner restaurants. With no joining or annual fees, it is a practical option for those looking to save on LIC premiums while enjoying basic travel perks.

Rewards Program

Earning Rewards

  • Earn 2 points for every Rs. 100 spent on insurance premium payments.

  • Earn 2 points for every Rs. 100 spent on international transactions.

  • Earn 1 point for every Rs. 100 spent on all other purchases.

Redeeming Rewards

  • Points can be redeemed for e-vouchers, gift cards, and a variety of products via the rewards catalog.

Travel & Lifestyle Benefits

Airport Lounge Access

  • Enjoy 8 complimentary domestic lounge visits annually (limited to 2 visits per quarter).

Insurance Protection

  • Get complimentary coverage for lost card liability, up to your credit limit.

Fuel Savings

  • Receive a 1% fuel surcharge waiver (capped at Rs. 400 per month) on fuel transactions between Rs. 400 and Rs. 4,000.

Dining Privileges

  • Avail up to 20% off at select partner restaurants through the dining rewards program.

LIC Axis Bank Signature Credit Card: Fees & Charges

ParticularsAmount
Joining Fee Nil
Annual Fee Nil
Finance Charges 3.75% p.m. | 55.55% p.a.
Late Payment Charges
For outstanding balance:
Up to Rs. 500Nil
From Rs. 501 to Rs. 5,000Rs. 500
From Rs. 5,001 to Rs. 10,000Rs. 750
Above Rs. 10,000Rs. 1,200

Important Information Before Applying

Who Should Consider This Card

  • Ideal if you want a lifetime free, entry-level credit card.

  • Suitable for those seeking a basic card that offers extra rewards on insurance premium payments.

  • Perfect for a rewards card with limited lounge access.

  • Great for frequent travelers who want to earn points on international purchases.

Eligibility Requirements

  • Minimum Age: 18 years
  • Maximum Age: 70 years
  • Occupation: Salaried or self-employed

FAQs

How can I apply for this credit card online?

You can apply online by visiting the official credit card portal. Simply find the LIC Signature Credit Card and click on ‘Apply Now’. You will be directed to the application form, where you need to submit the required documents to complete your application.

Yes, you can get a 1% waiver on fuel purchases ranging from Rs. 400 to Rs. 4,000. This applies at all petrol stations across India, with a maximum waiver of Rs. 400 per month.

The card charges 3.5% of the transaction amount for foreign currency transactions. Due to this high forex markup, it may not be the most cost-effective option for frequent international spending.

Yes, you can issue up to three add-on cards. These add-ons carry no joining or annual fees, similar to the primary card.

Cash withdrawals are allowed, but a fee of 2.5% of the withdrawn amount (minimum Rs. 500) applies. It is generally advisable to avoid cash advances due to these higher charges.

Reward points are valid for 12 months from the date they are earned. For example, points earned on 5 Jan 2024 will expire on 5 Jan 2025 if not redeemed.

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