LIC Platinum Credit Card
- Joining fee
Nil
- Annual fee
Nil
- Best suited for
Shopping
- Reward type
Reward Points
Rewards
- Rewards rate
2 Reward Points for every Rs 100 spent on LIC Premium payment and international spends and 1 Reward Point for every Rs 100 spent on other categories.
- Reward redemption
Redeem the reward points accumulated on your LIC Platinum credit card against the reward catalog as per the conversion rates applicable.
Benefits
- Insurance
You also get personal accidental insurance and air accidental insurance worth Rs 3 Lakh and 1 crore.
Fees & charges
- Rewards redemption fee
Rs 30 per redemption request
- Foreign currency markup
3.5% on the conversion amount.
- Interest rates
3.6% per month ( 52.86% per annum)
- Fuel surcharge waiver
1% fuel surcharge waiver on all transactions across all fuel stations
- Cash advance charges
2.5% on the withdrawal amount subject to the minimum amount of Rs 500.
Product highlights
- No Annual fee charged on LIC Platinum Credit Cards.
- 2 Reward Point every Rs 100 spent on LIC Premium Payment and International spends
- 1 Reward Point every Rs 100 spent on all categories
- Lost Card Liability cover up to the credit limit
- Personal accidental insurance cover worth Rs 3 lakh
- Air accidental insurance cover worth Rs 1 crore
- 1% fuel surcharge waiver on fuel transactions between Rs 400 and Rs 4000
FAQs
What is foreign markup fee charged on international transactions?
You are charged with a foreign markup fee of 3.5% on international conversions with your LIC Platinum credit card.
Do I get spend based waiver on my spending's using the LIC Platinum credit card?
No, you do not get any spend based waiver on your spendings using your LIC platinum credit card
What is the minimum transaction value for the fuel surcharge waiver?
The minimum transaction value of Rs 400 for fuel surcharge waiver at all fuel stations across India
What are the redemption options to redeem your reward points?
LIC Platinum customers can redeem their reward points against the reward catalog.