LIC Signature credit card
|Annual Fee||Joining Fee||Interest Rate(APR)||Credit Score|
|Nil||Nil||3.6% Per month – 52.86% Annually||Good|
Recently LIC (Life Insurance Corporation of India) launched their credit cards within partnership of Axis bank ltd. One of them is LIC signature credit card.
so, let’s have look on all details like features and benefits, hidden fees and charges, eligibility criteria, rewards and offers, of this credit card and over genuine reviews about this credit card.
Key features and benefits of LIC signature credit card
Insurance Cover benefit
With LIC signature credit card you will get some complimentary insurance benefits.
- You will get complimentary lost card liability insurance cover upto your credit limit.
- 5 lac personal accident cover and 1Cr air accidental insurance.
LIC signature credit card has an exciting reward program to earn reward point on your daily spends.
Let’s see how you can earn rewards by using this credit card.
- Earn 2 reward points on every ₹ 100 spent on LIC premium payments and foreign currency.
- You can earn 1 reward points on every ₹100 spent on all other categories expect fuel, wallet load and EMI transitions.
To know the reward point value of LIC signature credit card and reward catalogue Click here and redeem your rewards into gift, Git card, E-vouchers of Flipkart, amazon, big bazaar, shoppers stop etc…
You will get 1% fuel surcharge wavier at all petrol pumps of India on transaction between ₹400 to ₹4000. Maximum wavier upto ₹400 per month.
Airport lounge access
Card holder will get a complimentary airport lounge access to selected airport of India.
Hidden fees and charges of LIC signature credit card
Here the list of hidden fees and charges of LIC signature credit card.
|Finance charges and interest rate on cash and retail (APR)||3.6% per month and 52.86% per annum|
|Add on card charges||Nil Upto 3 cards|
|Cash withdrawal Fee||2.5% (Min ₹500) of cash amount|
|Cash payment fee at branches||₹100|
|Card replacement charges||₹100|
|Late payment fees||₹100 to ₹1000|
|Over limit penalty||2.5% of the over limit (Min ₹500)|
|Auto debit reversal fees||2% of payment amount (Min ₹450)|
|Fuel surcharges||1% of transaction amount|
|Foreign currency transaction fees||3.50% if transaction values|
Genuine Reviews of LIC signature credit card
Well, LIC signature credit card is a VISA signature category credit card. But it comes with a very less benefits and offers. But this card is lifetime free and there were a no annual fee and joining fee of this credit card.
It’s also providing you a reward point on your LIC policy premium payment and foreign currency transitions. So, if you are a LIC policy holder and paying you premium regularly then you should apply for this credit card or else avoid it.
Eligibility criteria of LIC signature credit card.
- Primary card holder should require age between 18 to 70 years.
- It should be a resident of India or non-resident Indian.
Require document to apply for LIC signature credit card are copy of PAN card or form 60, residence proof, identity proof, colour photograph and proof of income like latest payslip/ form 16/ IT return copy.
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Bill payment options of LIC signature credit card.
LIC and Axis bank provides you a both online and offline bill payment facility to pay your credit card bill. Let’s check out
Offline payment options.
- Cash payment
Online payment options.
- NEFT payments
- Visa money transfer
- Online payment from other bank account
- Axis bank mobile application
- LIC cards website http://www.liccards.co.in/.
To know more details about process of bill payment visit this link. Click here.
Disclaimer: we always intend to provide you all updated details. But there is a possibility changes in data, rates, charges and fees by bank and issuer company. So kindly refer all the latest data by visiting official website of issuer before applying. We are not responsible for any legal or financial implication in any case.