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LIC Axis Bank Platinum Credit Card

Product Details
Credit Card Name : 

LIC Axis Bank Platinum Credit Card

Bank Name :

Axis Bank

Type :

Rewards Credit Card

Interest Rate : 

Interest Rate: 3.6% per month (52.86% per annum).

Eligibility :

Primary cardholder between the age of 18 and 70 years.
 The individual should be a Resident of India

LIC Axis Bank Platinum Credit Card
Pros
  • Rewards: Earn 2 Reward points for every ₹ 100 spent on LIC Premium payments and foreign currency transactions Earn 1 Reward point for every ₹ 100 spent on all other transactions except fuel, wallet load, and EMI conversions. Value of 1 Edge point: INR 0.20. General Cashback Rate: 2%. 

  • Complimentary lost card liability insurance cover up to credit limit. 

  • Up to 20% off at 4000+ restaurants in India

Cons
  • Low cashback rate.

  • Many standard features such as free movie tickets are missing. 

  • No unique features. 

Pros & Cons
Welcome Benefits

None.

Rewards System

Reward System: Earn 2 Reward points for every INR 100 spent on LIC Premium payment and foreign currency transactions. Earn 1 Reward point for every INR 100 spent on all other transactions except fuel, wallet load and EMI conversions. Value of 1 Edge point: INR 0.20. General Cashback Rate: 0.2%. 

International Forex Markup

3.5%.

Welcome Benefits and Reward System
Special Features

 15% discount on dining at select restaurants across India.

Eligibility Criteria

Primary cardholder between the age of 18 and 70 years.
 The individual should be a Resident of India

Benefits


  • Rewards program: You earn 2 reward points for every Rs. 100 spent on LIC premium payments and foreign currency transactions. You earn 1 reward point for every Rs. 100 spent on all other categories except fuel, wallet load and EMI transactions.

  • Airport lounge access: You get complimentary access to select airport lounges within India and abroad.

  • Other benefits: You also get other benefits like complimentary dining offers, travel insurance, and shopping discounts.

Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
  • You can apply for the LIC Axis Bank Platinum Credit Card online or at any Axis Bank branch. Here are the steps involved in applying for the card online:

  • Go to the Axis Bank website and click on the "Credit Cards" tab.

  • Click on the "LIC Axis Bank Platinum Credit Card" link.

  • Enter your personal details, such as your name, address, and contact information.

  • Enter your income and employment details.

  • Upload a scanned copy of your PAN card and photograph.

  • Click on the "Submit" button.

  • An Axis Bank representative will contact you to verify your details and complete the application process.

  • Here are the documents required for applying for the LIC Axis Bank PlatinumCredit Card:
    PAN card
    Passport size photograph
    Latest salary slip/Form 16/IT return copy
    Proof of residence (any one of the following):
    Electricity bill
    Water bill
    Telephone bill
    Ration card
    Voter ID card

Contact Details

1868 419 5555 & 1860 500 5555

Account Opening and Procedure
LIC Axis Bank Platinum Credit Card

Axis Bank LIC Platinum Credit Card has limited number of benefits for its users and an extremely low cashback rate. There are multiple cards offering much superior benefits in the same fee range.

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

Product Review
Fees & Charges
  • Joining fee:Nil.

  • Annual  fee -Nil.

  • Late payment fee: charged depending on the customer’s Total amount due; ranges from Rs. 0 - 1200.

  • Interest Rate:  3.6% per month (52.86% per annum).

  • Cash Withdrawal Fee: 2.5%  of the amount taken out as cash 

  • Reward Point Redemption Fee: INR 100

  • Forex Markup: 3.5%

  • Fuel Surchage: 1%, however it is waived for transactions between Rs.400 to Rs.4000 (Capped at INR 400 per month).

Fuel Surcharge

Fuel Surchage: 1%, however it is waived for transactions between Rs.400 to Rs.4000 (Capped at INR 400 per month).

Billing Cycle

30 Days.

Fees & Charges
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