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LIC Axis Bank Signature Credit Card
The upgraded, still lifetime-free LIC co-brand — adds 8 domestic lounge visits a year and a 2% rate on LIC premiums, general spend and international spends, making it a genuinely better free card for LIC policyholders than the base Platinum variant. Since both joining and annual fees are permanently zero, the lounge access and dining discount effectively cost nothing to hold.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
1%
Card network
Visa
Card tier
Mid
Who this card fits
Best suited to applicants with a credit score of roughly 720+ whose spend is concentrated in travel, dining. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Movie & dining: Up to 20% discount at partner restaurants
- Rewards rate: 1% base rate
- Domestic lounge access: 8 complimentary domestic lounge visits per year
Benefits by category
- 🍽️ Dining & food delivery
Up to 20% dining discount at partner restaurants, stacking on top of the 2% reward rate for cardholders who dine out often
- ✈️ Travel
2% reward rate · 8 complimentary domestic lounge visits per year, a meaningful step up from the Platinum variant's lack of any lounge access
- ⛽ Fuel
1% fuel surcharge waiver on transactions between ₹400–₹4,000, applied automatically without registration
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 720
- 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- Cash advance charges: 2.5% of the cash amount withdrawn, minimum ₹500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
- 8 complimentary domestic lounge visits per year, a meaningful step up from the Platinum variant's lack of any lounge access
- 1% fuel surcharge waiver on transactions between ₹400–₹4,000, applied automatically without registration
- Up to 20% dining discount at partner restaurants, stacking on top of the 2% reward rate for cardholders who dine out often
Pros
- + Lifetime free with real lounge access included, unlike the base Platinum variant
- + 2% reward rate on general, LIC premium and international spend alike
- + Up to 20% dining discount at partner restaurants
- + 8 domestic lounge visits a year at no cost whatsoever
Cons
- − Still a flat 1% base rate outside the 2% bonus categories
- − No welcome bonus or milestone benefits of any kind
- − Value is concentrated on LIC-related and dining spend, not general use
- − 3.5% forex markup blunts the benefit of the 2% international reward rate
Best for