Lic
LIC IDFC Classic Credit Card
- Joining fee
Nil
- Annual fee
Nil
- Best suited for
Shopping
- Reward type
Reward Points
Rewards
- Rewards rate
6X RPs for LIC Spends & 3X RPs for Utilities, Education, Railway and Government Spends
- Welcome benefits
1,000 Reward Points on Spending Rs. 5,000 in the First 30 Days of Card Issuance
- Reward redemption
“Pay With Points” or Redeem With IDFC FIRST Rewards
Benefits
- Travel
2 Free Railway Lounge Access Each Quarter
- Domestic lounge
1 Each Quarter
- Insurance
Comprehensive Insurance Cover is Provided
Fees & charges
- Rewards redemption fee
Rs. 99
- Foreign currency markup
3.5%
- Interest rates
Monthly – 0.75% to 3.5% (Annually 9% to 42%)
- Fuel surcharge waiver
1% Waiver on Fuel Up to Rs. 200
- Cash advance charges
Rs. 199
Product highlights
- 6X Reward Points on LIC spends.
- 3X Reward Points on select categories like utilities, education, and government payments.
- Free railway lounge access is provided.
- One domestic lounge access each quarter (4 each year)
Pros & cons
Pros
- You get one free domestic lounge access with this card.
Cons
- This card rewards higher points for spends made at LIC compared to other categories.
FAQs
Is this a lifetime-free credit card?
Yes, the LIC IDFC Classic Credit is an LTF Credit Card. You won’t have to pay any joining or annual charge for this card.