MyFinCards
LIC Axis Bank Platinum Credit Card

Joining Fee

Free

Annual Fee

Rs. 0 + Taxes

Forex Markup

3.5% + GST

INTERNATIONAL
Axis Bank
Rewards
Fuel
Lifestyle
Best For: LIC policyholders who pay premiums regularly, Those who want a no-fee card with basic rewards, Frequent fuel spenders looking for surcharge waiver

LIC Axis Bank Platinum Credit Card

Rewards Structure

Base Reward Rate

1% on spends

Point Value

1 Point = ₹0.25

Pros

  • Lifetime free card with no joining or annual fee
  • 2X reward points on LIC premium payments
  • 2X reward points on international/foreign currency transactions
  • 1% fuel surcharge waiver across all fuel stations in India
  • Complimentary lost card liability insurance cover
  • Wednesday Delight offers on MakeMyTrip, Swiggy, and Tira

Cons

  • No reward points on fuel purchases
  • No reward points on wallet loads and EMI conversions
  • High finance charges at 3.75% per month (55.55% per annum)
  • Reward redemption fee of ₹30 per redemption

Hidden Catches (Transparency Policy)

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

Fuel surcharge waiver capped at ₹400 per month

Fuel surcharge waiver only valid on transactions between ₹400 and ₹4,000

Additional utility, wallet load, fuel, education, and gaming transaction fees applicable from Dec 2024

Dynamic currency conversion markup of 1.5% on top of foreign currency markup

Key Benefits & Features

Wednesday Delight: Up to 15% instant savings on flights & hotels via MakeMyTrip, 10% off on Swiggy, 10% off up to ₹1,000 on Tira

Eligibility Criteria

Age Requirement

18+ Years

Occupation

SALARIEDSELF_EMPLOYED

Required Documents

IDENTITY Proof

PAN Card
Passport
Driving License
Aadhaar Card
Form 60

ADDRESS Proof

Passport
Ration Card
Electricity Bill
Landline Telephone Bill

INCOME Proof

Latest Payslip
Form 16
IT Return Copy

Notable Exclusions

No Reward Points on fuel purchasesNo Reward Points on wallet load transactionsNo Reward Points on EMI conversions

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

Official Terms & Conditions

About LIC Axis Bank Platinum Credit Card

The LIC Axis Bank Platinum Credit Card is a no-fee rewards card designed for LIC policyholders and everyday spenders who want meaningful benefits without paying joining or annual fees. Built around a strong reward program, the card lets cardholders earn 2 Reward Points for every ₹100 spent on LIC premium payments and foreign currency transactions, and 1 Reward Point for every ₹100 spent on all other eligible purchases. Points can be redeemed against e-vouchers, gift cards, and other products through customer care. Beyond rewards, the card offers a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at fuel stations across India, with a maximum monthly benefit of ₹400. Cardholders also enjoy complimentary lost card liability insurance coverage up to their credit limit, providing an added layer of financial security. Additional lifestyle perks include access to the Axis Bank Dining Delights program for premium dining experiences across India, Wednesday Delight offers featuring savings on flights and hotels via MakeMyTrip, discounts on Swiggy, and savings on Tira. Purchases of ₹1,500 or more can also be converted into easy EMIs. With zero joining and annual fees, this card delivers solid everyday value tailored particularly to LIC policyholders seeking rewarding premium payment benefits.

Expert Review

Our Verdict

Lifetime free card with 2X rewards on LIC premiums & forex, plus fuel surcharge waiver across India.

Frequently Asked QuestionsAbout LIC Axis Bank Platinum Credit Card

FEESWhat is the joining fee and annual fee for the LIC Axis Bank Platinum Credit Card?
The LIC Axis Bank Platinum Credit Card is a lifetime free card with absolutely no joining fee and no annual fee. Add-on cards are also available at no additional joining or annual fee. This makes it an excellent choice for those looking for a zero-cost credit card with meaningful rewards and benefits.
ELIGIBILITYWho is eligible to apply for the LIC Axis Bank Platinum Credit Card?
To apply for the LIC Axis Bank Platinum Credit Card, the primary cardholder must be between 18 and 70 years of age and must be a resident of India. Please note that these criteria are indicative and the bank reserves the ultimate right to approve or decline any application based on its internal assessment.
DOCUMENTSWhat documents are required to apply for the LIC Axis Bank Platinum Credit Card?
You will need the following documents: a PAN card photocopy or Form 60, a colour photograph, proof of income (latest payslip, Form 16, or IT return copy), residence proof (passport, ration card, electricity bill, or landline telephone bill), and identity proof (passport, driving license, PAN card, or Aadhaar card). Documents required may vary on a case-to-case basis.
REWARDSHow do I earn reward points on the LIC Axis Bank Platinum Credit Card?
You earn 2 Reward Points for every ₹100 spent on LIC premium payments and foreign currency transactions. For all other eligible transactions, you earn 1 Reward Point per ₹100 spent. Please note that no reward points are earned on fuel purchases, wallet loads, or EMI conversions.
USAGEHow can I redeem the reward points earned on my LIC Axis Bank Platinum Credit Card?
You can redeem your accumulated reward points against e-vouchers, gift cards, and other products by calling the customer care number 1800 419 0064. Please note that a reward redemption fee of ₹30 is applicable per redemption request. Ensure you check the latest active voucher codes, as some voucher codes may have been deactivated.
BENEFITSIs there a fuel surcharge waiver on the LIC Axis Bank Platinum Credit Card?
Yes, the LIC Axis Bank Platinum Credit Card offers a 1% fuel surcharge waiver on fuel purchases at all fuel stations across India. This waiver is valid on transactions between ₹400 and ₹4,000, with a maximum monthly benefit of up to ₹400. Please note that GST on the fuel surcharge is non-refundable, and no reward points are earned on fuel purchases.
BENEFITSWhat are the Wednesday Delight offers available on the LIC Axis Bank Platinum Credit Card?
Cardholders can enjoy exclusive Wednesday Delight offers to beat the mid-week blues. These include instant savings of up to 15% on flights and hotels booked via MakeMyTrip, 10% off on orders placed via Swiggy, and 10% off up to ₹1,000 on Tira. These offers are valid every Wednesday and are subject to applicable terms and conditions.
BENEFITSWhat insurance cover does the LIC Axis Bank Platinum Credit Card offer?
The LIC Axis Bank Platinum Credit Card provides a complimentary lost card liability insurance cover up to the cardholder's credit limit. This cover protects you against any fraudulent transactions made in the event your card is lost or stolen. It is advisable to report a lost card to the bank immediately to ensure the insurance cover is activated.
FEESWhat are the finance charges on the LIC Axis Bank Platinum Credit Card?
The finance charges on the LIC Axis Bank Platinum Credit Card are 3.75% per month, which amounts to 55.55% per annum. These charges apply to both retail purchases and cash withdrawals when the outstanding balance is not paid in full by the due date. It is recommended to pay your full outstanding balance on time to avoid these high finance charges.
INTERNATIONALWhat is the foreign currency transaction fee for the LIC Axis Bank Platinum Credit Card?
The LIC Axis Bank Platinum Credit Card charges a foreign currency transaction fee (forex markup) of 3.5% on the transaction value for any international or foreign currency purchases. Additionally, a Dynamic Currency Conversion markup of 1.5% is applicable on international transactions performed in Indian currency at international locations or with foreign-registered merchants.
USAGECan I convert my purchases into EMI using the LIC Axis Bank Platinum Credit Card?
Yes, the LIC Axis Bank Platinum Credit Card allows you to convert any eligible purchase of ₹1,500 or more into easy EMIs. You can contact Axis Bank customer care to initiate the conversion. Please note that transactions converted to EMI are not eligible for reward points, so plan your conversions accordingly to maximise your rewards.
FEESAre there any additional transaction fees I should be aware of?
Yes, several additional fees apply: a 1% rent transaction fee per transaction, a 1% education transaction fee for payments via third-party apps, a 1% utility transaction fee on cumulative spends of ₹25,000 or more per cycle, a 1% wallet load fee on cumulative spends above ₹10,000 per cycle, a 1% fuel transaction fee on cumulative fuel spends above ₹50,000 per cycle, and a 1% fee on cumulative online skill-based gaming spends above ₹10,000 per cycle.
FEESWhat are the late payment charges for the LIC Axis Bank Platinum Credit Card?
Late payment fees depend on your total payment due: no fee if the total is less than ₹500; ₹500 if the total is between ₹501 and ₹5,000; ₹750 if between ₹5,001 and ₹10,000; and ₹1,200 if the total exceeds ₹10,000. An additional ₹100 is charged if the Minimum Amount Due (MAD) is missed for two consecutive cycles, continuing until the MAD is cleared.
APPLICATIONHow can I apply for the LIC Axis Bank Platinum Credit Card?
You can apply for the LIC Axis Bank Platinum Credit Card online through the Axis Bank official website by clicking the 'Apply Now' button on the card's page. Alternatively, you can visit your nearest Axis Bank branch. Keep your documents ready, including identity proof, address proof, income proof, and PAN card. The credit card decision will be communicated within 21 working days of application.
BENEFITSWhat dining benefits are available with the LIC Axis Bank Platinum Credit Card?
The LIC Axis Bank Platinum Credit Card provides access to the Axis Bank Dining Delights Program, which lets you enjoy exceptional dining experiences at top restaurants across India. This program offers exclusive discounts and privileges at select partner restaurants. You can visit the Axis Bank website or contact customer care for details on participating restaurants and the full terms and conditions of the Dining Delights Program.

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