All cards / Axis Bank
LIC Axis Bank Platinum Credit Card
A lifetime-free co-brand aimed squarely at LIC policyholders — the only real reason to hold it is the doubled reward rate on LIC premium payments, since the base card otherwise offers nothing beyond a basic entry-level feature set. With zero joining and annual fees and a low eligibility bar, it costs nothing to hold purely as the card you route LIC premium payments through.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
1%
Card network
Visa
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 700+. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 1% base rate
Benefits by category
- ⛽ Fuel
1% fuel surcharge waiver on transactions between ₹400–₹4,000, applied automatically at the pump
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Employment: salaried, self-employed
- Age: 18–70
Fees & charges
- Rewards redemption fee: ₹99 redemption processing fee applies on Reward Point redemptions
- Foreign currency markup: 3.5%
- Fuel surcharge waiver: 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000
- Cash advance charges: 2.5% of the cash amount withdrawn, minimum ₹500
Benefits
- 1% fuel surcharge waiver on transactions between ₹400–₹4,000, applied automatically at the pump
- 2 Reward Points per ₹100 on LIC premium payments, versus 1 point per ₹100 on other retail spend — a useful nudge for policyholders who already pay premiums by card
Pros
- + Genuinely lifetime free — no joining or annual fee ever
- + Doubled reward rate specifically on LIC premium payments
- + Low, accessible eligibility bar open to salaried and self-employed applicants
- + No minimum income requirement disclosed, unlike most entry-level cards
Cons
- − Base 1% reward rate is weak outside LIC premiums
- − No lounge access or welcome bonus of any kind
- − Only genuinely useful if you're an LIC policyholder paying premiums by card
- − 3.5% forex markup makes it unsuitable for international spend