LIC Axis Bank Signature Credit Card
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
None.
Cashback Rate
Users will earn 2 reward points for every INR 100 spent on LIC Premium payments and foreign currency transactions.
Value of 1 reward point: INR 0.20.
Special Cashback Rate: 0.4%
Cardholder will earn 1 reward point for every INR 100 spent on all other transactions except fuel, wallet load and EMI conversions.
General Cashback Rate: 0.2%
Movie Benefits
None.
Dining Benefits
Cardholders can get up to 20%off at 4000+ restaurants in India through Eazydiner app.
Other Benefits
15% off on Wednesday on flights through Makemytrip.
10% off on Wednesday on food orders from Swiggy.
10% off on Wednesday on orders from Tira.
Lounge Access
Cardholders can enjoy 8 complimentary lounge visits per calendar year at selected domestic airports.
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
None.
Cashback Rate
Users will earn 2 reward points for every INR 100 spent on LIC Premium payments and foreign currency transactions.
Value of 1 reward point: INR 0.20.
Special Cashback Rate: 0.4%
Cardholder will earn 1 reward point for every INR 100 spent on all other transactions except fuel, wallet load and EMI conversions.
General Cashback Rate: 0.2%
Movie Benefits
None.
Dining Benefits
Cardholders can get up to 20%off at 4000+ restaurants in India through Eazydiner app.
Other Benefits
15% off on Wednesday on flights through Makemytrip.
10% off on Wednesday on food orders from Swiggy.
10% off on Wednesday on orders from Tira.
Lounge Access
Cardholders can enjoy 8 complimentary lounge visits per calendar year at selected domestic airports.
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 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).
Fees & Charges
Joining Fee
Nil.
Annual Fee
Nil
Cash Advance Fee
2.5% or ?500 whichever is higher
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 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).
Special Features
Special cashback rate for LIC Premium payments.
Eligibility Criteria
Primary cardholder should be 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 Signature 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 Signature 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 Signature Credit 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
Axis Bank LIC Signature Credit Card has limited number of value add features. Even the cashback offered on purchase of LIC's insurances product is quite low. The card has no USP and has limited number of benefits in comparison to other credit cards in the market in the same fee range.
Axis Bank LIC Signature Credit Card has limited number of value add features. Even the cashback offered on purchase of LIC's insurances product is quite low. The card has no USP and has limited number of benefits in comparison to other credit cards in the market 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