Card Image
LIC IDFC FIRST Classic
Annual Fee
₹499
Rewards/₹100 ⓘ
₹0.17 - ₹0.50
Normalized to balance base rate with bonus categories
Interest Rate
9.00%
Credit Score
670+
At a Glance
Key Benefits
3X points on LIC premium payments, 9% APR, low fee
Lounge Access
No lounge access
Eligibility
Salaried: Rs.25,000+/month, Age: 21-60, CIBIL: 670+
Quick Details
Annual Fee
₹499
#75
Joining Fee
₹499
#78
Interest Rate
9.00% p.a.
#3
Forex Markup
3.50%
#75
Rewards/₹100
₹0.17 - ₹0.50
#238
Reward Type Reward Points
Reward Currency Points
Min Credit Score
670+
#37
Min Monthly Income ₹25
Network VISA
Cash Advance Fee 2.50% (min ₹300)
Late Payment Fee ₹500
Fee Waiver on Spend ₹50,000/yr
Reward Structure
Base
All Spends
₹0.17 /₹100
Partner
LIC Premium
₹0.50 /₹100
Reward Calculator
₹
Allocate by Category 100%
Your Rewards
Points Earned 0
Cash Value ₹0
Breakdown
Quick amounts:
Quick Analysis
The IDFC First Bank LIC IDFC FIRST Classic is a solid credit card option. With an annual fee of ₹499, ensure you can utilize the benefits to get value. Consider your spending patterns before applying.
Pros
- Low annual fee of just ₹499
- Annual fee waiver on spending ₹50000
- Contactless payment enabled for quick transactions
- Easy EMI conversion facility available
- Add-on cards available for family members
Cons
- No complimentary lounge access
- High forex markup of 3.50% on international transactions
Frequently Asked Questions
What is LIC IDFC FIRST Classic Credit Card?
This is an entry-level co-branded card with LIC offering basic benefits for LIC policyholders with low annual fees.
What are the reward points on LIC IDFC FIRST Classic?
You earn 2 reward points per Rs 100 spent on all purchases, with bonus points on LIC premium payments.
What is the annual fee for LIC IDFC FIRST Classic?
The card has an annual fee of Rs 299 which may be waived on meeting spending criteria.
What is the interest rate on LIC IDFC FIRST Classic?
The card offers low interest rates starting from 9.99% per annum based on credit profile.
Is there a fuel surcharge waiver?
Yes, you get 1% fuel surcharge waiver on transactions at fuel stations across India.
User Reviews
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Get started with your application today and enjoy premium benefits, rewards, and exclusive privileges.