This article provides a concise overview of the prominent features, eligibility prerequisites, and the application procedure for Axis Bank’s LIC Axis Bank Platinum Credit Card.
Features of Axis Bank – LIC Axis Bank Platinum Credit Card:
Main features:
- Enter the realm of LIC Axis Bank Platinum Credit Cards and experience a dynamic reward program, a fuel surcharge waiver, and complimentary insurance cover.
- Earn Reward points on all expenditures, including accelerated rewards on LIC premium payments and International Transactions.
- Enjoy accelerated rewards, a fuel surcharge waiver, dining privileges, and the option to convert purchases into EMI.
Additional Features:
- Earn Reward Points on all transactions you make.
- Get 2 Reward points for every ₹100 spent on LIC Premium payment and foreign currency transactions.
- Earn 1 Reward point for every ₹100 spent on all transactions, except fuel, wallet loads, and EMI conversions.
- Redeem earned rewards for e-vouchers, gift cards, and more by calling customer care at 1800 419 0064.
- Enjoy Comprehensive Insurance Cover.
- Avail of complimentary lost card liability insurance cover up to the credit limit.
- Fuel Surcharge Waiver: Benefit from a 1% fuel surcharge waiver on fuel purchases at all fuel stations nationwide.
- Applicable for transactions ranging from ₹400 to ₹4000; Maximum monthly benefit is ₹400.
- The GST on fuel surcharge is non-refundable.
- Note: No Reward Points are provided for fuel purchases.
Card Category: Reward points
Eligibility for Axis Bank – LIC Axis Bank Platinum Credit Card:
To discover if you qualify for this exceptional credit card, explore the eligibility criteria designed for both salaried individuals and self-employed professionals below.
For Salaried:
- The primary cardholder must be aged between 18 and 70 years.
- The individual must be a resident of India.
For Self-employed:
- The primary cardholder must be aged between 18 and 70 years.
- The individual must be a resident of India.
Fees for Axis Bank – LIC Axis Bank Platinum Credit Card:
- Joining Fee: Nil
- Annual Fee: Nil
- Add-on Card Joining Fee: Nil
- Add-on Card Annual Fee: Nil
- Card Replacement Fee: Nil
- Cash Payment Fees: Rs. 100/-
- Duplicate Statement Fee: Waived
- Charge Slip Retrieval Fee or Copy Request Fee: Waived
- Outstation Cheque Fee: Waived
- Mobile Alerts for Transactions: Free
- Hotlisting Charges: Nil
- Balance Enquiry Charges: Waived
- Finance Charges (Retail Purchases & Cash): Waived
- Cash Withdrawal Fees: 2.5% (Min. Rs. 500) of the cash amount
- Overdue Penalty or Late Payment Fee: Nil if Total Payment Due is less than Rs. 500; Rs. 500 if total payment due is between Rs. 501 – Rs. 5,000; Rs. 750 if total payment due is between Rs. 5,001 – Rs. 10,000; Rs. 1200 if total payment due is greater than Rs. 10,000
- Over Limit Penalty: 2.5% of over the limit amount (Min. Rs. 500)
- Cheque Return or Dishonour Fee or Auto-debit Reversal: 2% of the payment amount subject to Min. Rs. 450, Max. Rs. 1500
- Surcharge on Purchase or Cancellation of Railway Tickets: As prescribed by IRCTC / Indian Railways
- Fuel Transaction Surcharge Transaction: 1% of transaction amount (Refunded for fuel transactions between Rs. 400 to Rs. 4,000. Maximum benefits up to Rs. 400 per month)
- Foreign Currency Transaction Fee: 3.50% of the transaction value
- Reward Point Redemption fee: No
- GST: As per existing Government norms
- Rent Transaction fee (Applicable from 5th March 2023): 1% capped at INR 1,500 per transaction on rental transactions
- Dynamic Currency Conversion markup (Applicable from 5th March 2023): 1% on International transaction performed in Indian currency at International location or transactions performed in Indian currency with merchants located in Indian but registered in foreign nation Websites
How to apply?
Click here to apply for the Axis Bank’s LIC Axis Bank Platinum Credit Card.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank.