Travel on Points
Lic

LIC Lumine Credit Card by IDBI

  • Joining fee

    Nil

  • Annual fee

    Nil

  • Best suited for

    Shopping

  • Reward type

    Reward Points

Rewards

  • Rewards rate

    3 Delight Points for every ₹100 spent on eligible transactions

  • Welcome benefits

    1,000 Delight Points on spending ₹10,000 within 60 days of card issuance

  • Reward redemption

    1 Delight Point = ₹0.25

Benefits

  • Movie & dining

    BOGO offer on movie tickets via BookMyShow

  • Insurance

    This card provides personal accident cover and shield protection

Fees & charges

  • Rewards redemption fee

    ₹99 + GST

  • Foreign currency markup

    3.5%

  • Interest rates

    3.4% per month/ 40.8% per annum

  • Fuel surcharge waiver

    A 1% fuel surcharge waiver on fuel transactions of at least ₹400 and no more than ₹4,000.

  • Cash advance charges

    2.5% of transaction fee or ₹500

Product highlights

  • The LIC Lumine Credit Card by IDBI has no joining or renewal fees, making it a lifetime-free card.
  • New users receive 1,000 Delight Points when they spend ₹10,000 within the first 60 days.
  • There is a 1% waiver on fuel surcharge for fuel transactions between ₹400 and ₹4,000.

Pros & cons

Pros

  • The card provides insurance benefits, including personal accident cover of ₹2 lakhs for added security.

Cons

  • The interest rates are relatively high at 3.4% per month, which can be costly if you carry a balance on the card.
  • There is a ₹99 fee to redeem rewards and a 3.5% charge for purchases in foreign currency.

FAQs

Can I get an add-on card?

Yes, you can get one add-on card with the LIC Lumine Credit Card, which allows your family members to benefit from the rewards as well.

How does the BOGO movie ticket offer work?

If you purchase one movie ticket via BookMyShow on the 2nd or 4th weekend of the month, you’ll receive a second ticket for free.

Is there a charge for international transactions?

Yes, there is a foreign currency markup fee of 3.5% for transactions made in foreign currency.

What are the welcome benefits of this card?

New cardholders can earn 1,000 Delight Points after spending ₹10,000 within the first 60 days of activating the card.