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.
|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.|
|Type of Charge||Amount|
|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||
|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|
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.
The applicant’s payslip showing a gross salary of Rs. 42,000 should be submitted to LIC.
LIC Platinum credit card customers have to call the LIC credit card customer care desk to make a redemption request.
Yes, customers can set the direct debit facility on their Axis Bank accounts to make payments for a LIC Platinum credit card.
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.
Yes, Platinum credit card applications can be tracked by entering the application ID on the LIC website.
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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