All cards / IDFC FIRST Bank
IDFC FIRST LIC Select Credit Card
A genuinely lifetime-free, LIC-branded co-brand card offering accelerated rewards on LIC premium payments alongside everyday groceries/utilities multipliers and a respectable lounge allowance for a zero-fee product.
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+ whose spend is concentrated in groceries, utilities. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 1% base rate
- Domestic lounge access: Up to 8 complimentary domestic airport lounge visits/year (₹20,000+ spend in the previous month), plus 4 railway lounge visits per quarter
- Insurance benefits: ₹5 lakh personal accident cover and ₹50,000 lost-card liability cover, active on 1+ transaction in the last 30 days
Benefits by category
- 🛒 Groceries
5% reward rate
- ✈️ Travel
Up to 8 complimentary domestic airport lounge visits per year (on ₹20,000+ spend in the previous month), plus 4 railway lounge visits per quarter
- 🛡️ Insurance
₹5 lakh personal accident cover and ₹50,000 lost card liability cover, active on 1+ transaction in the last 30 days
- 🧾 Utilities
5% reward rate
- ⛽ Fuel
1% fuel surcharge waiver, capped at ₹200/month
- 🌍 Forex / international spend
0% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹25,000
- Employment: salaried, self-employed
- Age: 21–60
Fees & charges
- Foreign currency markup: 0%
- Fuel surcharge waiver: 1% fuel surcharge waiver, capped at ₹200/month
Benefits
- 10X reward points on LIC insurance premium payments made via the official LIC website
- Up to 8 complimentary domestic airport lounge visits per year (on ₹20,000+ spend in the previous month), plus 4 railway lounge visits per quarter
- ₹5 lakh personal accident cover and ₹50,000 lost card liability cover, active on 1+ transaction in the last 30 days
- 1% fuel surcharge waiver, capped at ₹200/month
- Welcome benefits worth ₹3,000
Pros
- + Genuinely lifetime free — no joining or annual fee
- + Strong reward rate on LIC insurance premium payments
- + Decent lounge access for a free card
Cons
- − Most benefits gated behind ₹20,000 monthly spend
- − Best value concentrated around LIC premium payments
- − Zero forex markup since 9 Sep 2026, but international spends stop earning reward points from 26 Oct 2026