Synopsis: The article compares two Axis Bank credit cards to identify which card provides better rewards for LIC premium payments and foreign currency transactions. This highlights essential differences and assist users in selecting their ideal credit card.
Indian consumers have begun to prefer credit cards that provide rewards for their insurance premium payments and international spending. Axis Bank offers multiple credit cards that match different customer spending patterns and lifestyle needs. The Axis Bank LIC Signature Credit Card provides lifestyle and travel advantages, whereas the LIC Axis Bank Platinum Credit Card offers LIC customers a reward program that they can use to earn benefits from their premium payments.
LIC Axis Bank Signature Credit Card
- Joining Fee: NIL
- Annual Fee: NIL
- Cash Withdrawal Fee: 2.5% (min ₹500)
- Foreign transaction fees: 3.50%
- Travel benefits
- 8 complimentary domestic airport lounge visits per year
- Rewards
- Earn 2 Reward Points per ₹100 spent on LIC premium payments and foreign currency transactions
- Earn 1 Reward Point per ₹100 spent on all other eligible transactions
- No reward points on fuel, wallet load, and EMI conversion transactions
- Insurance & Protection
- Purchase protection up to ₹1,00,000
- Travel insurance benefits like Loss of travel documents cover and Baggage delay cover (up to USD 300)
- Additional Benefits
- Dining discounts through Axis Bank Dining Delights
- 100% cashback up to ₹300 on first utility payment within first 30 days of card issuance
- 1% fuel surcharge waiver, applicable on fuel spends between ₹400 and ₹4,000 (Maximum waiver benefit: ₹400 per statement cycle)
- Transactions above ₹1,500 can be converted into EMIs
To apply for the card, please visit the Official Website
Also Read: Roarbank Offers Up to 20% Cashback: Is This the Best Lifetime Free RuPay Cashback Card in India?
LIC Axis Bank Platinum Credit Card
- Joining Fee: NIL
- Annual Fee: NIL
- Foreign Currency Transaction Fee: 3.5%
- Cash Withdrawal Fee: 2.5% (minimum ₹500)
- Reward Structure
- Earn 2 Reward Points per ₹100 spent on LIC premium payments and foreign currency transactions
- Earn 1 Reward Point per ₹100 spent on all other eligible transactions
- No reward points on fuel, wallet load, and EMI conversion transactions
- Additional Benefits
- 1% fuel surcharge waiver, applicable on fuel spends between ₹400 and ₹4,000 (Maximum waiver benefit: ₹400 per statement cycle)
- Dining discounts through Axis Bank Dining Delights
- Transactions above ₹1,500 can be converted into EMIs
To apply for the card, please visit the Official Website
Earnings Comparison (Both Cards)
Note: Both cards offer the same earning rate on LIC premium payments and foreign currency transactions; actual value depends on redemption options.
Which Card is Suitable for You?
Choose the Axis Bank LIC Signature Credit Card if you prefer lounge access, travel benefits, and lifestyle privileges. On the other hand choose the LIC Axis Bank Platinum Credit Card, a lifetime free credit card that focuses primarily on LIC premium payments with ordinary additional benefits.
Conclusion
Both the Axis Bank LIC Signature Credit Card and LIC Axis Bank Platinum Credit Card offer identical reward rates on LIC premium payments and foreign currency transactions. Therefore, neither card has an advantage in rewards; the key difference lies in additional features, fees, and lifestyle benefits, which should guide the final choice.
Written By Ameet S
