The Axis Bank LIC Platinum Credit Card is designed for LIC policyholders and individuals seeking valuable rewards on their everyday spending, especially on insurance premiums. It offers a compelling mix of rewards, insurance covers, and financial flexibility.
Key Highlights : Axis Bank LIC Platinum Credit Card
- Earn accelerated rewards on LIC premium payments and international spends.
- Comprehensive insurance cover, including air accident cover of ₹1 Crore.
- Zero joining and annual fees, making it a cost-effective financial tool.
Rewards Program: PlusPoints
Earn reward points on every purchase and get bonus points on key spending categories.
| Spending Category | Reward Points Earned |
|---|---|
| On LIC Premium Payments | 2 Points per ₹100 spent |
| On International Spends | 2 Points per ₹100 spent |
| On All Other Spends | 1 Point per ₹100 spent |
| Redemption Fee | ₹30 per redemption request |
Points are accrued as PlusPoints, which can be redeemed for a wide range of gifts, vouchers, and air miles.
Insurance Benefits
Enjoy peace of mind with substantial insurance coverage at no extra cost.
- Air Accident Cover: ₹1 Crore
- Personal Accident Cover: ₹3 Lakhs
Financial Flexibility & Convenience
💳 Easy Cash Access
- Withdraw cash at ATMs across India.
- Fee: 2.5% of the withdrawal amount (Min. ₹250).
🔄 Balance Transfer Facility
- Transfer outstanding balances from other credit cards to your LIC Platinum Card conveniently.
⛽ Fuel Surcharge Waiver
- 1% fuel surcharge is waived on all fuel transactions across India.
📅 EMI Options
- Dial-an-EMI: Convert high-value purchases (above ₹2,500) into easy monthly installments.
- Interest Rate: As low as 1.5% per month (on a monthly reducing balance).
- Processing Fee: 1.5% or ₹150, whichever is higher.
👨👩👧👦 Add-on Cards
- Get up to 3 add-on cards for your family (spouse, parents, children above 15, siblings) at no extra cost.
Fees & Charges
| Type of Charge | Amount |
|---|---|
| Joining Fee / Annual Fee | NIL |
| Add-on Card Fee | NIL |
| Interest-Free Credit Period | Up to 50 days |
| Finance Charge | 3.25% per month |
| Cash Advance Fee | 2.5% (Min. ₹250) |
| Late Payment Fee | ₹100 – ₹1,200 (based on outstanding amount) |
| Foreign Currency Markup | 3.50% of the transaction amount |
| Duplicate Statement / Card Replacement | Waived Off |
For a complete list, please refer to the Axis Bank website.
Eligibility & Documentation
Eligibility Criteria
PAN Card/Form 60
ID Proof
Address Proof
Bank Statement/Income Proof
Frequently Asked Questions (FAQs)
Here are the top 20 FAQs for the Axis Bank LIC Platinum Credit Card, presented systematically
1. What is the most rewarding feature of this card?
You earn 2 reward points for every ₹100 spent on LIC premium payments and international purchases, which is double the standard rate of 1 point per ₹100 on other spends.
2. Is there an annual fee for this card?
No. The Axis Bank LIC Platinum Credit Card has Zero Joining and Annual Fees, making it a cost-effective option.
3. What insurance covers do I get?
You are provided with a substantial Air Accident Cover of ₹1 Crore and a Personal Accident Cover of ₹3 Lakhs.
4. How can I redeem my reward points (PlusPoints)?
You must call the Axis Bank LIC Platinum Credit Card customer care helpline to place a redemption request. A fee of ₹30 is charged per redemption.
5. Is there a fuel surcharge waiver?
Yes. You get a 1% fuel surcharge waiver on all fuel transactions across India.
6. What is the process to pay my LIC premium with this card?
You need to submit a filled LIC Premium Payment Registration Form to authorize automatic premium payments using your card.
7. Can I convert large purchases into EMIs?
Yes. You can convert purchases above ₹2,500 into easy monthly installments (EMIs) using the Dial-an-EMI service.
8. What is the interest rate for EMIs?
EMI conversions can be done at an interest rate starting from 1.5% per month (on a monthly reducing balance). A processing fee of 1.5% or ₹150, whichever is higher, applies.
9. How do I track my credit card application status?
You can track your application online by entering your Application Reference Number on the official Axis Bank or LIC cards website.
10. What is the late payment fee?
The late payment fee is graded:
- ₹301 – ₹500: ₹100
- ₹501 – ₹1,000: ₹500
- ₹1,001 – ₹10,000: ₹750
- ₹10,001 – ₹25,000: ₹950
- ₹25,001 – ₹50,000: ₹1,000
- Above ₹50,000: ₹1,200
11. Can I get add-on cards for my family?
Yes. You can get up to 3 add-on cards for your family members (spouse, parents, children above 15, siblings) at no extra cost.
12. What is the cash advance fee?
The fee for cash withdrawals at ATMs is 2.5% of the withdrawn amount, with a minimum charge of ₹250.
13. What is the foreign currency transaction fee?
All international transactions are subject to a Foreign Currency Markup Fee of 3.50% of the transaction amount.
14. What is the interest-free credit period?
You get an interest-free period of up to 50 days on your purchases if you pay your total bill amount by the due date.
15. What is the minimum income required to apply?
The primary applicant must have a minimum annual income of ₹5,00,000.
16. Can I set up auto-debit for bill payments?
Yes. You can set up a direct debit facility from your Axis Bank savings account to automatically pay your credit card bill in full each month.
17. How do I pay my credit card bill online?
You can pay your bill online through Net Banking, the Axis Mobile app, or other digital payment platforms using your bank account details. You will receive an instant confirmation.
18. Is there a charge for replacing a lost card?
No. The card replacement fee is waived off.
19. What is the finance charge on unpaid balances?
If you revolve credit and do not pay the full amount, a finance charge of 3.25% per month will be applied on the outstanding balance.
20. In which cities is this card available?
The card is currently offered in select cities across India. It is best to check the official website or with your LIC agent for availability in your city.
Axis Bank LIC Platinum Credit Card Axis Bank LIC Platinum Credit Card Axis Bank LIC Platinum Credit Card
Axis Bank LIC Platinum Credit Card Axis Bank LIC Platinum Credit Card Axis Bank LIC Platinum Credit Card
