MyFinCards
LIC Axis Bank Signature Credit Card

Joining Fee

Free

Annual Fee

Rs. 0 + Taxes

Forex Markup

3.5% + GST

INTERNATIONAL
Axis Bank
Rewards
Lifestyle
Fuel
Best For: LIC policyholders who pay premiums regularly, Those seeking a lifetime free card with lounge access, Frequent fuel purchasers

LIC Axis Bank Signature Credit Card

Rewards Structure

Base Reward Rate

1% on spends

Point Value

1 Point = ₹0.25

Accelerated Rate

2% Max

Points Validity

24 Months

Pros

  • Lifetime free card with no joining or annual fee
  • Accelerated rewards on LIC premium payments
  • 8 complimentary domestic lounge visits per year
  • Complimentary lost card liability insurance up to credit limit
  • 1% fuel surcharge waiver up to ₹400/month
  • Activation cashback of ₹300 on first utility bill payment

Cons

  • No reward points on fuel, wallet load, and EMI conversions
  • Foreign currency markup of 3.5% is relatively high
  • Finance charges at 3.75% per month (55.55% per annum) are high

Hidden Catches (Transparency Policy)

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

No reward points earned on fuel purchases

GST on fuel surcharge is non-refundable

Utility transaction fee of 1% applies on cumulative spends ≥ ₹25,000 per statement cycle

Additional ₹100 charge for missing Minimum Amount Due for two consecutive cycles

Key Benefits & Features

Wednesday Delight: Up to 15% off on flights & hotels via Goibibo/MakeMyTrip, 10% off on Swiggy, Amazon Fresh, and up to ₹1,000 off on Tira

Eligibility Criteria

Age Requirement

18+ Years

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 Signature Credit Card

The LIC Axis Bank Signature Credit Card is a lifetime free card designed for LIC policyholders and everyday spenders who want meaningful rewards without paying annual fees. With zero joining and annual fees, cardholders can enjoy a robust benefits package that includes accelerated reward points, travel perks, dining privileges, and fuel savings all in one card. Cardholders earn 2 reward points for every ₹100 spent on LIC premium payments and foreign currency transactions, and 1 reward point per ₹100 on all other eligible spends. Points can be redeemed for e-vouchers, gift cards, and products. Beyond rewards, the card offers 8 complimentary domestic airport lounge visits per calendar year, making it a strong option for frequent travelers. A 1% fuel surcharge waiver applies on transactions between ₹400 and ₹4,000 across all fuel stations in India, with a maximum monthly benefit of ₹400. Additional perks include complimentary lost card liability insurance coverage up to the credit limit, access to the Axis Bank Dining Delights program for savings at top restaurants across India, and Wednesday midweek offers featuring discounts on flights, hotels, food delivery, and more. New cardholders also receive a 100% cashback of up to ₹300 on their first utility bill payment within 30 days of card issuance, adding immediate value from day one.

Expert Review

Our Verdict

Lifetime free LIC co-branded card with accelerated rewards on LIC premiums, lounge access & fuel waiver.

Frequently Asked QuestionsAbout LIC Axis Bank Signature Credit Card

ELIGIBILITYWhat are the eligibility criteria for the LIC Axis Bank Signature Credit Card?
To apply for the LIC Axis Bank Signature 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 only indicative, and the bank reserves the ultimate right to approve or decline any credit card application.
FEESWhat is the joining fee and annual fee for the LIC Axis Bank Signature Credit Card?
The LIC Axis Bank Signature Credit Card is a lifetime free card with no joining fee and no annual fee. Add-on cards are also available at no joining or annual fee. There is also no card replacement fee, making it a cost-effective card for everyday use.
REWARDSHow many reward points do I earn on LIC premium payments?
You earn 2 Reward Points for every ₹100 spent on LIC premium payments, which is double the standard earn rate. Similarly, you earn 2 Reward Points for every ₹100 spent on foreign currency transactions. For all other transactions (except fuel, wallet loads, and EMI conversions), you earn 1 Reward Point per ₹100 spent.
USAGEHow can I redeem my reward points earned on the LIC Axis Bank Signature Credit Card?
You can redeem your accumulated Reward Points against e-vouchers, gift cards, and other products by calling the customer care number 18004190064. Examples of redeemable items include a SanDisk Micro SDHC 16GB Card, Amazon Pay eGift Card worth ₹1,000, and Flipkart e-Vouchers worth ₹5,000. There is no reward point redemption fee applicable.
BENEFITSWhat is the activation benefit on the LIC Axis Bank Signature Credit Card?
As an activation benefit, you can earn 100% cashback up to ₹300 on your first utility bill payment made within the first 30 days of card issuance. This is a one-time benefit designed to reward you for activating and using the card immediately after receiving it. Terms and conditions apply.
BENEFITSHow many complimentary airport lounge visits do I get with this card?
The LIC Axis Bank Signature Credit Card offers 8 complimentary domestic airport lounge visits per calendar year at select domestic airports across India. These visits provide a comfortable travel experience at no extra cost. You can visit the Axis Bank website to find the list of participating airport lounges and associated terms and conditions.
BENEFITSWhat is the fuel surcharge waiver benefit on the LIC Axis Bank Signature Credit Card?
The card offers a 1% fuel surcharge waiver on fuel purchases at all fuel stations across India. The waiver is valid on transactions between ₹400 and ₹4,000, with a maximum monthly benefit capped at ₹400. Please note that GST on the fuel surcharge is non-refundable and no reward points are earned on fuel purchases. From 20th Dec 2024, a 1% fee applies on cumulative fuel spends of ₹50,000 or more per statement cycle.
DOCUMENTSWhat documents are required to apply for the LIC Axis Bank Signature Credit Card?
You will need the following documents: a PAN card photocopy or Form 60, a colour photograph, and proof of income (latest payslip, Form 16, or IT return copy). For residence proof, you can submit a Passport, Ration Card, Electricity Bill, or Landline Telephone Bill. For identity proof, you can submit a Passport, Driving License, PAN Card, or Aadhaar Card. Documents required may vary on a case-to-case basis.
INTERNATIONALWhat is the foreign currency transaction fee on the LIC Axis Bank Signature Credit Card?
The LIC Axis Bank Signature Credit Card charges a foreign currency transaction fee (forex markup) of 3.50% on the transaction value for international purchases. Additionally, a Dynamic Currency Conversion markup of 1.5% applies on international transactions performed in Indian currency at international locations or with foreign-registered merchants. These charges make the card relatively expensive for frequent international usage.
FEESWhat are the finance charges and late payment fees on this card?
Finance charges are 3.75% per month (55.55% per annum) on retail purchases and cash transactions. Late payment fees are: Nil if total due is less than ₹500; ₹500 if due is between ₹501–₹5,000; ₹750 if between ₹5,001–₹10,000; and ₹1,200 if greater than ₹10,000. An additional ₹100 charge applies for missing the Minimum Amount Due for two consecutive cycles until it is cleared.
BENEFITSWhat insurance cover does the LIC Axis Bank Signature Credit Card provide?
The LIC Axis Bank Signature Credit Card offers a complimentary lost card liability insurance cover up to the cardholder's credit limit. This means that in the event your card is lost or stolen, you are protected against fraudulent transactions up to your sanctioned credit limit, provided you report the loss promptly. This is a valuable feature that provides financial security at no additional cost.
REWARDSAre there any transactions on which reward points are not earned?
Yes, reward points are not earned on certain transactions including fuel purchases, wallet loads, and EMI conversions. This is an important limitation to keep in mind when planning your spending. Ensure that transactions on these categories are noted separately, as they will not contribute to your reward points balance despite being charged to your card.
BENEFITSWhat Wednesday Delight offers are available on the LIC Axis Bank Signature Credit Card?
Cardholders can enjoy exclusive Wednesday Delight offers, including instant savings of up to 15% on flights and hotels via Goibibo and MakeMyTrip, 10% off on orders via Swiggy and Amazon Fresh, and 10% off up to ₹1,000 on Tira. These offers are available every Wednesday, giving you a great opportunity to save mid-week on travel, dining, and shopping.
USAGECan I convert large purchases into EMI with the LIC Axis Bank Signature Credit Card?
Yes, you can convert any credit card transaction of ₹1,500 or more into easy monthly instalments (EMI). To do so, simply contact Axis Bank customer care after making the purchase, and they will help you set up the EMI plan. This feature makes it easier to manage large expenses by spreading the cost over several months. Note that no reward points are earned on EMI conversions.
FEESWhat is the cash withdrawal fee for the LIC Axis Bank Signature Credit Card?
The cash withdrawal fee on the LIC Axis Bank Signature Credit Card is 2.5% of the withdrawn amount, with a minimum charge of ₹500. Additionally, finance charges of 3.75% per month (55.55% per annum) apply on cash withdrawals from the date of withdrawal. It is advisable to avoid cash withdrawals on credit cards as they can be costly due to these fees and interest charges.

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