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Axis Bank LIC
Annual Fee
₹500
Rewards/₹100 ⓘ
₹0.25 - ₹1.25
Normalized to balance base rate with bonus categories
Interest Rate
42.00%
Credit Score
700+
At a Glance
Key Benefits
10X rewards on LIC premiums, zero processing fee on premium payments
Lounge Access
No lounge access
Eligibility
Salaried: Rs 25,000+/month, Age: 21-65, CIBIL: 700+
Quick Details
Annual Fee
₹500
#113
Joining Fee
₹500
#112
Interest Rate
42.00% p.a.
#108
Forex Markup
3.50%
#75
Rewards/₹100
₹0.25 - ₹1.25
#175
Reward Type Reward Points
Reward Currency Points
Min Credit Score
700+
#54
Min Monthly Income ₹25
Network VISA
Late Payment Fee ₹500
Cash Advance Fee 2.50% (min ₹500)
Fee Waiver on Spend ₹50,000/yr
Reward Structure
Base
All Spends
₹0.25 /₹100
Partner
LIC Premiums
₹1.25 /₹100
Reward Calculator
₹
Allocate by Category 100%
Your Rewards
Points Earned 0
Cash Value ₹0
Breakdown
Quick amounts:
Insurance Coverage
Lost Card
₹0
Zero liability.
Fraud
₹0
Zero liability.
Quick Analysis
The Axis Bank Axis Bank LIC is a solid credit card option. With an annual fee of ₹500, ensure you can utilize the benefits to get value. Consider your spending patterns before applying.
Pros
- Low annual fee of just ₹500
- Annual fee waiver on spending ₹50000
- Extended interest-free period of 50 days
Cons
- No complimentary lounge access
- High forex markup of 3.50% on international transactions
- High interest rate of 42.00% on revolving credit
Frequently Asked Questions
What are the rewards on LIC premium payments?
You earn 10X reward points (10 points per Rs 200) on LIC premium payments.
Is there any processing fee for LIC payments?
No, there is zero processing fee on LIC premium payments made with this card.
Is the annual fee waived?
Yes, annual fee of Rs 500 is waived on spending Rs 50,000 or more.
Can I convert LIC premiums to EMI?
Yes, you can convert premium payments above Rs 2,500 to easy EMI.
Does this card have lounge access?
No, this card does not offer lounge access.
User Reviews
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