Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • LIC Platinum Credit Card

  • We found 1 LIC Platinum Credit Card
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    As a Platinum cardholder, get ready to dive into a remarkable world of privileges and benefits, custom made only for you. The LIC Platinum credit card offers deals and discounts across various categories namely, dining, shopping, accommodation, travel, and lifestyle. Customers can also get complimentary insurance cover, bonus rewards, and fuel surcharge waiver benefits when they procure a LIC Platinum credit card.

    Features and Benefits of LIC Platinum Credit Card

    PlusPoints Rewards Program Platinum card holders can earn 1 reward point for every Rs. 100 spent. As bonus rewards, customers can get 2 rewards points for every Rs. 100 spent for paying LIC premium and on international purchases.
    Insurance Personal Accident Cover of Rs.3 lakh and Air Accidental Insurance worth Rs.1 crore.
    Cash Withdrawals: Card members can make quick cash withdrawals at ATMs across the country using their LIC Platinum credit card.
    EMI Option: LIC Platinum credit card holders can easily change their high-value purchases over an amount of Rs.2500 into monthly installments
    Loan on a LIC Platinum Credit Card: Repayments can be made at low-interest rates. EMI conversions can be done by customers an interest rate of 1.5% per month, which is usually calculated on a monthly reducing balance.
    Add-on Cards: LIC Platinum credit card customers can get up to 3 add-on cards for their spouse, parents-in-laws, parents, children, or siblings above the age of 15
    Fuel Surcharge Waiver: Fuel surcharge of 1% waived on all fuel purchases.
    Balance Transfer: Platinum members can transfer the outstanding balance from other bank credit cards to their existing Platinum credit cards.

    LIC Platinum Credit Card Fees & Charges

    Type of Charge Amount
    Annual Fee NIL
    Add-on Card Joining Fees / Annual Fees NIL
    Interest-free Credit Period Up to 50 days
    Finance Charge 3.25% per month
    Cash withdrawal Fee 2.5% of the cash limit / A minimum of Rs.250.
    Duplicate Statement Fee Waived off
    Cheque return / dishonor Fee Rs. 300
    Card replacement Fees Waived off
    Late Payment Fee
    • If the outstanding payment is Rs.300 - Nil
    • Between Rs.301 and Rs.500 - Rs.100
    • Between Rs.501 and Rs.1,000 – Rs.500
    • Between Rs.1,001 and Rs.10,000 – Rs.750
    • Between Rs.10,001 and Rs.25,000 – Rs.950
    • Between Rs.25,001 and Rs.50,000 – Rs.1,000
    • More than Rs.50,000 – Rs.1,200
    Balance Enquiry Charges Waived off
    Transaction Alert Charges Waived
    Fuel Transaction Surcharge Waived off
    Dial-an-EMI: Interest rates 1.5% for 3, 6, 12 and 24 months Processing fee - 1.5% or Rs. 150, whichever is higher
    Copy Request Fee Waived off
    PlusPoint Redemption Fee Rs. 30 / request
    Copy Request Fee / Charge slip Retrieval Fee Waived off
    Foreign Currency Transaction Fee 3.50% of the transaction amount

    LIC Platinum Credit Card Eligibility Criteria

    The applicant for a Platinum Credit card should show a net income of Rs. 5,00,000 and above, per annum. The LIC Platinum card can be availed at seven cities across India.

    Documents Required for LIC Platinum Credit Card:

    The applicant’s payslip showing a gross salary of Rs. 42,000 should be submitted to LIC.

    LIC Platinum Credit Card FAQs

    1. How can Platinum customers redeem their accrued rewards points?

      LIC Platinum credit card customers have to call the LIC credit card customer care desk to make a redemption request.

    2. Can Platinum credit card holders set auto-debits on their bank accounts for making bill payments?

      Yes, customers can set the direct debit facility on their Axis Bank accounts to make payments for a LIC Platinum credit card.

    3. Can Platinum customers register for LIC premium payments using their LIC credit cards?

      Yes, customers have to submit the filled-in LIC Premium Payment Registration Form to ensure that premium payments are done through their LIC Platinum credit cards.

    4. Can customers track the status of an application made for a Platinum credit card?

      Yes, Platinum credit card applications can be tracked by entering the application ID on the LIC website.

    5. Can I make payments towards my LIC Platinum credit card online?

      Yes, customers can make online bill payments for a Platinum credit card by entering their credit card and bank account details, make their payments and receive an online confirmation from LIC.

      

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