MyFinCards
LIC IDFC FIRST Bank Credit Cards

Joining Fee

Free

Annual Fee

Rs. 0 + Taxes

IDFC FIRST Bank
Rewards
Lifestyle
Best For: LIC policyholders wanting accelerated rewards on premium payments, Those seeking a lifetime-free card with lifestyle and insurance benefits, Customers looking for low interest rate credit cards

LIC IDFC FIRST Bank Credit Cards

Rewards Structure

Base Reward Rate

% on spends

Point Value

1 Point = ₹0.25

Earning Cap

₹600 /monthly

Points Validity

36 Months

Pros

  • Lifetime free – zero joining and annual fee
  • 10X rewards on LIC Insurance Premium payments
  • 5X rewards on all other spends
  • Domestic airport and railway lounge access
  • Interest-free ATM cash withdrawals for up to 45 days
  • Comprehensive insurance covers including ₹1 Crore air accident cover
  • Low APR starting from 8.5% per annum
  • Rewards redeemable online including for LIC premium payments

Cons

  • 5X rewards on Essentials capped at 600 RP per month
  • Reward points not earned on Fuel, Rental, Non-LIC Insurance spends, EMI transactions and Cash withdrawals
  • Existing IDFC FIRST Bank Credit Cardholders not eligible
  • Rewards on LIC Insurance premium only if paid via licindia.in official website
  • OVL charges: 2.5% of over-limit amount, minimum ₹550

Hidden Catches (Transparency Policy)

To build trust with our users, we highlight the fine print that issuers often tuck away in policy documents.

5X rewards on Essentials capped at 600 RP per month

Reward points will not be applicable for a billing cycle if Minimum Amount Due is not paid by Payment Due Date

Welcome benefit and first EMI cashback require spend within 30 days of card generation

Insurance covers require at least one transaction in the last 30 days to be valid

Key Benefits & Features

Complimentary Roadside Assistance worth ₹1,399

Interest-free ATM cash withdrawals domestically and internationally for up to 45 days; Cash Advance Fee of ₹199 per transaction

Eligibility Criteria

Occupation

SALARIEDSELF_EMPLOYEDRETIREDSTUDENT

Required Documents

IDENTITY Proof

PAN Card
Aadhaar Card

Notable Exclusions

No rewards on Fuel spendsNo rewards on Rental spendsNo rewards on Non-LIC Insurance spendsNo rewards on EMI transactionsNo rewards on Cash withdrawalsLIC Insurance premium rewards only applicable when paid through https://licindia.in/First EMI cashback excludes transactions on gold and jewellery and EMIs of 3-month tenureWelcome benefit (2,000 RP) not applicable on Add-on card transactions, wallet load, EMI converted transactions and ATM cash withdrawals

*Exclusions may apply to EMI transactions, fuel, and wallet reloads based on current bank policy.

Official Terms & Conditions

About LIC IDFC FIRST Bank Credit Cards

The LIC IDFC FIRST Bank Credit Cards are a co-branded offering designed to reward LIC policyholders while providing everyday lifestyle benefits. Available in Classic and Select variants, these lifetime-free cards carry zero joining and zero annual fees, making them accessible and cost-effective. Cardholders enjoy low and dynamic interest rates starting at 8.5% per annum, along with interest-free ATM cash withdrawals for up to 45 days. The Select variant delivers an accelerated rewards program, offering 10X Reward Points on LIC insurance premium payments made through the official LIC India website, and 5X Reward Points on other everyday spends including groceries, utilities, railways, FASTag, and education. Travel enthusiasts can earn up to 40% bonus Reward Points on hotel bookings and 20% on flight bookings through the IDFC FIRST Mobile App, with points redeemable for future purchases or LIC premium payments. Beyond rewards, cardholders receive meaningful lifestyle and protection benefits, including two complimentary domestic airport lounge visits per quarter, four railway lounge accesses per quarter, a 1% fuel surcharge waiver, and comprehensive insurance covers such as a ₹1 Crore air accident cover, ₹5 Lakh personal accident cover, and complimentary roadside assistance. Welcome benefits include 2,000 bonus Reward Points and up to ₹1,000 cashback on the first EMI transaction within 30 days of card generation.

Expert Review

Our Verdict

Lifetime free card with 10X rewards on LIC premiums, lounge access & comprehensive insurance covers.

Frequently Asked QuestionsAbout LIC IDFC FIRST Bank Credit Cards

FEESIs there a Joining or Annual fee on LIC IDFC FIRST Bank Credit Cards?
There is absolutely no Joining, Membership, or Annual fee applicable on LIC IDFC FIRST Bank Credit Cards. Your card is free for life — it's a lifetime free credit card with zero joining fee and zero annual fee, making it one of the most cost-effective credit cards available.
REWARDSHow can I redeem the reward points earned on my LIC IDFC FIRST Bank Credit Card?
You can directly use your reward points to pay for online purchases or when shopping at a store by choosing the 'Pay with Points' option at checkout. You can also redeem your reward points against exciting offers at https://firstrewards.in/. Additionally, reward points can be used to pay your LIC insurance premium payments, making this card especially valuable for LIC policyholders.
REWARDSDo the reward points earned on LIC IDFC FIRST Bank Credit Cards expire?
Yes, reward points have a validity of 3 years from the date they are earned. It is advisable to redeem your points before the expiry to avoid losing them. You can track and redeem your points via the IDFC FIRST Bank Mobile App or at https://firstrewards.in/.
FEESWhat is the interest rate (APR) on LIC IDFC FIRST Bank Credit Cards?
LIC IDFC FIRST Bank Credit Cards offer some of the lowest interest rates in the country. Effective 20th February 2025, the Annual Percentage Rate (APR) ranges from 8.5% to 46.2% per annum, depending on your credit profile. This low starting rate means carrying an occasional balance won't weigh heavily on your finances.
USAGECan I withdraw cash at an ATM using my LIC IDFC FIRST Bank Credit Card?
Yes, you can use your LIC IDFC FIRST Bank Credit Card for ATM cash withdrawals both domestically and internationally. Cash withdrawals are interest-free for up to 45 days. A Cash Advance Fee of ₹199 per transaction applies. This is a unique benefit compared to most credit cards that charge high interest on cash withdrawals from day one.
USAGEHow do I generate or set my LIC IDFC FIRST Bank Credit Card PIN?
You can generate your Credit Card PIN through Net Banking (pre-login or post-login) or the IDFC FIRST Mobile Banking App. Simply enter your Customer ID and Credit Card number, verify via OTP sent to your registered mobile number, and set a new PIN. You can also call Customer Care and follow the IVR instructions to generate your PIN.
OTHERHow are LIC IDFC FIRST Credit Cards different from regular credit cards?
LIC IDFC FIRST Credit Cards are co-branded cards that offer exceptional accelerated rewards on LIC premium payments — 10X reward points when you pay your LIC Insurance Premium via licindia.in. Regular credit cards typically do not offer such benefits on insurance payments. Additionally, these cards include lifestyle privileges like airport and railway lounge access, comprehensive insurance covers, and a lifetime-free structure.
ELIGIBILITYCan I apply for an LIC IDFC FIRST Bank Credit Card if I don't have an LIC policy?
Yes, you can apply for an LIC IDFC FIRST Bank Credit Card even if you don't currently hold an LIC policy. The card is open to all eligible applicants. However, to earn 10X rewards on LIC Insurance Premium payments, you would need to pay premiums via LIC of India's official website, licindia.in.
USAGEWhere can I view my LIC IDFC FIRST Bank Credit Card statement?
Your credit card statement is mailed to your registered email address as a password-protected PDF file each billing cycle. You can also view a detailed overview of your statement directly within the IDFC FIRST Bank Mobile Banking App under the Credit Card section, making it convenient to track your spends anytime.
OTHERWhat should I do if I lose my LIC IDFC FIRST Bank Credit Card?
If you lose your LIC IDFC FIRST Bank Credit Card, immediately block it temporarily through the IDFC FIRST Bank Mobile App or by contacting Customer Care at 1800 10 888 (available 24/7). Once blocked, you can apply for a replacement card through the Mobile App or by reaching out to Customer Care. The card also comes with a Lost Card Liability Cover of ₹50,000 for added protection.
ELIGIBILITYCan existing IDFC FIRST Bank Credit Cardholders apply for an LIC IDFC FIRST Bank Credit Card?
No, existing IDFC FIRST Bank Credit Cardholders are not eligible to apply for the LIC IDFC FIRST Bank Credit Card. This card is exclusively available to new applicants who do not currently hold an IDFC FIRST Bank Credit Card. If you already hold an IDFC FIRST Bank Credit Card, you may explore other card variants offered by the bank.
REWARDSWhat rewards do I earn on LIC Insurance Premium payments?
You earn 10X Reward Points on LIC Insurance Premium payments made through LIC of India's official website, licindia.in. On the LIC Select variant, you also earn 5X Reward Points on Essentials (Grocery, Utilities, Railways, FASTag, Education, and Government payments) up to 600 Reward Points per month, and 5X Reward Points on all other spends. Note: Rewards are not earned on Fuel, Rental, Non-LIC Insurance, EMI transactions, or Cash Withdrawals.
BENEFITSWhat insurance covers are included with the LIC IDFC FIRST Bank Credit Card?
The LIC IDFC FIRST Bank Credit Card (LIC Select variant) comes with comprehensive insurance benefits including: Air Accident Cover of ₹1 Crore, Personal Accident Cover of ₹5,00,000, Lost Card Liability Cover of ₹50,000, Purchase Protection Cover of ₹25,000, Credit Shield Cover of ₹25,000, Travel Insurance of ₹4,000 each for Loss/Delay of Checked-In Baggage, Loss of Passport, and Flight Delay, plus Complimentary Roadside Assistance worth ₹1,399. Most covers are valid on completing at least one transaction in the last 30 days.
BENEFITSWhat lounge access benefits do I get with the LIC IDFC FIRST Bank Credit Card?
The LIC IDFC FIRST Bank Credit Card (LIC Select variant) offers 2 complimentary Domestic Airport Lounge access per quarter and 4 complimentary Railway Lounge access per quarter. These lounge benefits provide a comfortable and premium travel experience at no extra cost, making the card an excellent choice for frequent domestic travelers.
BENEFITSWhat are the welcome benefits on the LIC IDFC FIRST Bank Credit Card?
As a welcome benefit, you receive 2,000 Reward Points on spending your first ₹10,000 within 30 days of card generation. Additionally, you get 5% cashback (up to ₹1,000) on your first EMI transaction made within 30 days of card generation. Note: Welcome reward points apply only to Primary Card spends and exclude Add-on card transactions, wallet loads, EMI-converted transactions, and ATM cash withdrawals.

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