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LIC Platinum Credit Card

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.

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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.

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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

  1. If the outstanding payment is Rs.300 - Nil
  2. Between Rs.301 and Rs.500 - Rs.100
  3. Between Rs.501 and Rs.1,000 - Rs.500
  4. Between Rs.1,001 and Rs.10,000 - Rs.750
  5. Between Rs.10,001 and Rs.25,000 - Rs.950
  6. Between Rs.25,001 and Rs.50,000 - Rs.1,000
  7. 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.

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FAQs on LIC Platinum Credit Card

  • 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.

  • 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.

  • 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.

  • 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.

  • 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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Credit Card by Banks
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  5. SBI Credit Cards
  6. HSBC Credit Card
  7. IndusInd Bank Credit Card
  8. RBL Bank Credit Card
  9. Standard Chartered Credit Card
  10. YES Bank Credit Card
  11. Canara Bank Credit Card
  12. Punjab National Bank Credit Card
  13. Bank of Baroda Credit Card
  14. IDBI Credit Card
  15. Union Bank of India Credit Card
  16. Bank of India Credit Card
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Credit Card Customer Care
  1. SBI Credit Card Customer Care
  2. HDFC Bank Credit Card Customer Care
  3. Axis Bank Credit Card Customer Care
  4. Federal Bank Credit Card Customer Care
  5. IndusInd Bank Credit Card Customer Care
  6. PNB Credit Card Customer Care
  7. RBL Bank Credit Card Customer Care
  8. Kotak Credit Card Customer Care
  9. Yes Bank Credit Card Customer Care
  10. Standard Chartered Credit Card Customer Care
  11. Canara Bank Credit Card Customer Care
  12. HSBC Credit Card Customer Care
  13. Indian Bank Credit Card Customer Care
  14. Bank of Baroda Credit Card Customer Care
  15. Bank of India Credit Card Customer Care
  16. Union Bank of India Credit Card Customer Care
Credit Card Bill Payment
  1. Credit Card Bill Payment
  2. SBI Credit Card Bill Payment
  3. HDFC Credit Card Bill Payment
  4. Federal Bank Credit Card Bill Payment
  5. Axis Bank Credit Card Bill Payment
  6. IndusInd Credit Card Bill Payment
  7. Kotak Credit Card Bill Payment
  8. Standard Chartered Credit Card Bill Payment
  9. RBL Bank Credit Card Bill Payment
  10. HSBC Credit Card Bill Payment
  11. PNB Credit Card Bill Payment
  12. Canara Bank Credit Card Bill Payment
  13. Bank of Baroda Credit Card Bill Payment
  14. Bank of India Credit Card Bill Payment
  15. Union Bank Credit Card Bill Payment
Credit Card Eligibility
  1. Credit Card Eligibility
  2. SBI Credit Card Eligibility
  3. HDFC Credit Card Eligibility
  4. Federal Bank Credit Card Eligibility
  5. Axis Bank Credit Card Eligibility
  6. Yes Bank Credit Card Eligibility
  7. IndusInd Bank Credit Card Eligibility
  8. HSBC Credit Card Eligibility
  9. Kotak Credit Card Eligibility
  10. Canara Bank Credit Card Eligibility
  11. Standard Chartered Credit Card Eligibility
  12. RBL Bank Credit Card Eligibility
  13. Bank of Baroda Credit Card Eligibility
  14. Union Bank Credit Card Eligibility
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