LIC Axis Bank Platinum Credit Card
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
Cashback Rate
Users will earn 2 reward points for every INR 100 spent on LIC Premium payments and foreign currency transactions and 1 reward point for every INR 100 spent on all other transactions except fuel, wallet load and EMI conversions.
Value of 1 reward point: INR 0.20. General cashback rate: 0.20%.
LIC Premium cashback rate: 0.40%.
Movie Benefits
Dining Benefits
Other Benefits
Complimentary lost card liability insurance cover up to credit limit.
Lounge Access
Fees & Charges
Joining Fee
Nil.
Annual Fee
Nil.
Cash Advance Fee
Cash Withdrawal Fee: 2.5% of the amount taken out as cash
Interest rate
Interest Rate: 3.6% per month (52.86% per annum).
Late Payment Fee
Late payment fee: charged depending on the customer’s Total amount due; ranges from Rs. 0 - 1200.
Foreign Currency Transactions Fee
Forex Markup: 3.5%
Other Fees
Reward Point Redemption Fee: INR 100 | Fuel Surchage: 1%, however it is waived for transactions between Rs.400 to Rs.4000 (Capped at INR 400 per month).
Cons
Low cashback rate.
Many standard features such as free movie tickets are missing.
No unique features.
Reward System: Users will earn 2 reward points for every INR 100 spent on LIC Premium payments and foreign currency transactions and 1 reward point for every INR 100 spent on all other transactions except fuel, wallet load and EMI conversions. Value of 1 reward point: INR 0.20. General cashback rate: 0.20%. LIC Premium cashback rate: 0.40%.
Complimentary lost card liability insurance cover up to credit limit.
Up to 20% off at 4000+ restaurants in India.
Rewards & Benifits
Welcome Benefits
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Rewards System
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International Forex Markup
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Welcome Benefits and Reward System
Special Features
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Eligibility Criteria
Primary cardholder between the age of 18 and 70 years.
The individual should be a Resident of India
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
Recommended Credit Cards
Pros:-
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Cons:-
Reward System: Users will earn 2 reward points for every INR 100 spent on LIC Premium payments and foreign currency transactions and 1 reward point for every INR 100 spent on all other transactions except fuel, wallet load and EMI conversions. Value of 1 reward point: INR 0.20. General cashback rate: 0.20%. LIC Premium cashback rate: 0.40%.
Complimentary lost card liability insurance cover up to credit limit.
Up to 20% off at 4000+ restaurants in India.
Low cashback rate.
Many standard features such as free movie tickets are missing.
No unique features.
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.
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
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
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Fuel Surcharge
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Billing Cycle
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