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LIC Axis Bank Platinum Credit Card

The LIC Axis Bank Platinum Credit Card is a co-branded rewards card with no first-year fee. It offers 2X reward points on LIC premium payments and international spends. Cardholders can also enjoy up to 20% discount on dining bills, making it suitable for insurance payers, travelers, and dining enthusiasts alike.

LIC Axis Bank Platinum Credit Card

About LIC Axis Bank Platinum Credit Card

The LIC Axis Bank Platinum Credit Card is the entry-level option among the co-branded cards from LIC and Axis Bank, designed primarily for first-time credit card users. It provides 2X reward points on LIC premium payments and international transactions, while other purchases earn 1 point per Rs. 100 spent.

Its key advantage is the accelerated rewards on insurance and overseas spending. As a lifetime free card, the overall reward structure is simple and straightforward.

Unlike many other rewards cards, points can be redeemed only for select products listed in the card’s rewards catalog. Nevertheless, for users looking to earn rewards specifically on LIC premium payments, this card offers a beginner-friendly and focused rewards experience.

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

  • Use your accumulated points to redeem digital vouchers, gift items, and other rewards available through the program catalog.

LIC Axis Bank Platinum Credit Card Reward Points & Cashback Calculator

Reward Points Calculator

Additional Features & Benefits

Insurance Protection

  • Coverage against lost card liability up to the card’s credit limit.

Fuel Surcharge Waiver

  • Enjoy a 1% waiver on fuel transactions between Rs. 400 and Rs. 4,000, with a maximum of Rs. 400 per month.

Dining Privileges

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

EMI Facility

  • Convert purchases of Rs. 2,500 and above into convenient EMI payments.

LIC Axis Bank Platinum Credit Card: Fees & Charges

Particulars Amount
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. 500 Nil
From Rs. 501 to Rs. 5,000 Rs. 500
From Rs. 5,001 to Rs. 10,000 Rs. 750
Above Rs. 10,000 Rs. 1,200

Before You Apply

Who Should Consider This Card

  • Individuals seeking a basic, entry-level credit card with no joining or annual fees.

  • Those who frequently pay insurance premiums via credit card and want to earn rewards on these payments.

  • First-time credit card users looking to build their credit history.

  • People who prefer a straightforward rewards program for everyday spending.

Eligibility Requirements

  • Minimum Age: 18 years

  • Maximum Age: 70 years

  • Occupation: Salaried or Self-employed

Steps to Close LIC Axis Bank Platinum Credit Card

Closing a credit card can be simple if you follow the correct procedure. Below is a clear step-by-step guide to help you permanently cancel your credit card smoothly and avoid future issues.

  1. Review your financial situation:- Before deciding to close your credit card, take some time to review your finances. Consider why you want to cancel the card, such as high annual fees, interest charges, or a change in your spending habits.
  2. Use or redeem rewards:- If your credit card provides reward points, cashback, or other benefits, redeem them before starting the closure process. In many cases, unused rewards are removed once the card account is closed.
  3. Clear any outstanding balance:- Check your credit card statement and ensure that all pending dues are fully paid. This includes purchases, EMIs, fees, or interest charges. The bank will only process your closure request after the balance becomes zero.
  4. Reach out to customer support:- Contact your bank’s customer care team to inform them that you want to cancel your credit card. They will guide you through the required steps and may ask for identity verification.
  5. Submit a formal closure request:- Provide an official request to close the card account. This may involve sending an email, filling out a form, or submitting a written request with details such as your name, contact information, and the last four digits of the card.
  6. Ask for closure confirmation:- Once the request is processed, request written confirmation from the bank stating that the credit card account has been successfully closed. Keep this record for future reference.
  7. Destroy the physical card:- After the account is officially closed, cut the card through the chip or magnetic strip to make sure it cannot be misused.
  8. Keep track of your credit report:- After closing the card, check your credit report after some time to confirm that the account status is updated as “closed.” Monitoring your credit report helps ensure there are no unexpected issues.

LIC Axis Bank Platinum Credit Card Helpline Number

If you need assistance related to your LIC Axis Bank Platinum Credit Card, you can reach the customer support team of Axis Bank. The bank provides several contact options to help customers with credit card services, banking queries, and support requests.

Customer Care Numbers

📞 1800 209 5577 (Toll-Free)
📞 1800 103 5577 (Toll-Free)
📞 1860 419 5555
📞 1860 500 5555 (Call charges may apply depending on your service provider)

WhatsApp Banking

You can also use WhatsApp banking services for quick assistance.
📱 Send “Hi” on WhatsApp to 7036165000 to access banking services and support.

Additional Customer Support Services

Customers can also access several other services provided by Axis Bank, including:

  • Missed call banking services

  • SMS banking support

  • NRI phone banking assistance

  • Branch locator for nearby bank branches

  • Complaints and grievance redressal support

  • Fraud reporting assistance

  • Do Not Call registry services

Check Account Balance via SMS

To instantly check your account balance, send:
📩 SMS “BAL” to 56161600 or 9951860002

These contact options allow customers to quickly resolve issues related to billing, payments, credit card blocking, reward queries, and other banking services.

FAQs

Which credit card is suitable for paying insurance premiums?

If you frequently pay insurance premiums via credit card, consider an entry-level card that offers reward points on such payments. Some cards provide 2 points for every Rs. 100 spent on insurance premiums.

Reward points can be redeemed for digital vouchers, gift items, or other products listed in the card’s rewards catalog. Redemption can usually be done through the mobile app or by contacting customer support.

Points earned on the card typically remain valid for one year from the date they are credited. Any points not redeemed within this period will expire.

Card bills can be paid online via net banking, mobile banking apps, or through authorized portals. Offline payment options like cash deposit, cheque, or demand draft at bank branches are also available.

Yes, purchases above a certain amount (usually Rs. 2,500) can be converted into easy EMIs, helping manage large expenses more conveniently.