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LIC Axis Bank Signature Credit Card

Product Details
Credit Card Name : 

LIC Axis Bank Signature Credit Card

Bank Name :

Axis Bank

Type :

Rewards Credit Card

Interest Rate : 

3.6% per month (52.86% per annum).

Eligibility :

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

LIC Axis Bank Signature Credit Card
Pros
  • Rewards: Cardholders can earn 2 Reward points for every ₹ 100 spent on LIC Premium payments and foreign currency transactions, 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: 0.2%.

  • Travel Benefits: Cardholders can enjoy 8 complimentary lounge visits per calendar year at selected domestic airports. 

  • Dining Benefits: Cardholders can get up to 20%off at 4000+ restaurants in India.

Cons
  • Low cashback rate.

  • Card offers limited value add features.

  • No free movie tickets. 

Pros & Cons
Welcome Benefits

None.

Rewards System

Reward System: Earn 2 Reward points for every ₹ 100 spent on LIC Premium payment 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: 0.2%.

International Forex Markup

3.5%.

Welcome Benefits and Reward System
Special Features

Earn 25 EDGE Rewards points for every Rs. 100 spent on LIC premium payments and foreign currency transactions. 

Eligibility Criteria

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

Benefits


  • Competitive interest rates

  • Insurance benefits

  • Dining and Travel Benefits

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
LIC Axis Bank Signature Credit Card

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

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

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

  • 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).

  • Reward 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

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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