LIC Gold EMV Credit Card
- Joining fee
Nil
- Annual fee
Nil
- Best suited for
Shopping
- Reward type
Reward Points
Rewards
- Rewards rate
1 RP for every ₹150 spent on eligible categories
- Reward redemption
1 RP = ₹0.25
Benefits
- Insurance
Covers personal accident insurance of up to ₹1 lakh and a credit shield of up to ₹50,000 in case of permanent disability, along with a purchase protection of ₹50,000.
Fees & charges
- Rewards redemption fee
₹30 + GST
- Foreign currency markup
3.5%
- Interest rates
2.75% p.m. (33% p.a.)
- Fuel surcharge waiver
Avail a 2.5% fuel surcharge waiver at all petrol pumps in India
- Cash advance charges
2.5% or a minimum of ₹250.
Product highlights
- The LIC Gold EMV Credit Card comes with no joining fee.
- This card is valid for 5 years.
- Earn 1 Reward Point on every ₹150 spent on this credit card.
- Get personal accident cover of up to ₹1 lakh.
- Get a credit shield of upto ₹50,000 in case of permanent disability.
- Get purchase protection of ₹50,000.
- Get an interest-free credit period of 15 to 45 days.
Pros & cons
Pros
- Provides personal accident cover of up to ₹1 lakh and a credit shield of up to ₹50,000 for permanent disability.
- Offers a revolving credit facility with various payment options, making it easier to manage finances.
Cons
- The Forex Markup fee of this card is high.
- There are no benefits with this card, such as movies, dining, travel, etc.
FAQs
How can I redeem my accumulated reward points on the LIC Gold EMV Credit Card?
The credit cardholder can Call on customer care number 1800-419-0064 to redeem their reward points earned on the LIC Gold EMV credit card.
Do I get travel benefits on the LIC Gold EMV Credit Card?
Unfortunately, no you do not get travel benefits on the LIC Gold EMV Credit Card.
Is there any reward redemption fee on the LIC Gold EMV Credit Card?
Yes, you are charged ₹30 + GST while redeeming reward points on the LIC Gold EVM credit card.
Do I get movie and dining benefits on the LIC Gold EMV Credit Card?
No, you do not get movie and dining benefits on the LIC Gold EMV credit card.
Are there any renewal fees?
No, the card has no renewal fee, making it cost-effective for users.
What is the value of each reward point?
Each reward point is valued at ₹0.25.
What are the interest rates associated with the card?
The interest rate on the LIC Gold EMV Credit Card is 2.75% per month, translating to an annual percentage rate of 33%.