Axis
LIC Axis Signature Credit Card
LIFETIME FREE Card
This is an invite only card
Apply and get ₹650 Rewards
Top Benefits
Earn 100% Cashback up to ₹300
on First Utility Bill and 2 EDGE REWARD points per ₹100 on LIC premium payments
Enjoy 8 Complimentary Domestic Airport Lounge Visits
visits per year and earn 2 EDGE REWARD points for every ₹100 spent on foreign currency transactions
Best For
Shopping
Travel
Utility Bills
The LIC Axis Bank Signature Credit Card is a specialized financial product designed to reward policyhol...
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The LIC Axis Bank Signature Credit Card is a specialized financial product designed to reward policyhol...
The LIC Axis Bank Signature Credit Card is a specialized financial product designed to reward policyholders and frequent shoppers alike. If you regularly pay life insurance premiums and want to earn value back on those payments, this card stands out by offering double reward points on LIC premium payments and foreign currency spending. With a primary focus on maximizing everyday transactions, this card gives you a straightforward way to accumulate points and enjoy travel perks without worrying about high maintenance costs.
What makes this card highly attractive is its baseline fee structure. This card features a zero joining and annual fee amount, making it a highly cost-effective addition to your wallet. You get access to premium benefits like 8 complimentary domestic airport lounge visits per year, fuel surcharge waivers, and dining discounts, all while earning 1 EDGE REWARD point for every Rs. 100 spent on regular purchases. This card is an ideal match for working professionals, family makers, and business owners who want premium travel and lifestyle perks without paying thousands of rupees in annual charges.
Instead of juggling multiple cards for different spending categories, the LIC Axis Bank Signature Credit Card works as a solid all-rounder. Whether you are taking a domestic flight, paying your monthly utility bills, or dining out with family, you are constantly saving money. For example, the dining discount program automatically cuts down your restaurant bills, while the lounge access saves you approximately Rs. 1,500 to Rs. 2,000 per airport visit on food and resting space.
View FAQ
Commonly Asked Questions
Is the LIC Axis Bank Signature Credit Card lifetime free?
The LIC Axis Bank Signature Credit Card is issued as a lifetime free card with zero joining and annual fees. While standard bank policies allow for fee revisions, eligible applicants currently receive this card without any standard issuance or renewal charges.
Who should apply for this credit card?
This card is perfect for individuals who regularly pay LIC insurance premiums and want to earn rewards on those specific payments. It also suits frequent domestic travelers who want complimentary airport lounge access without paying high annual fees.
What is the main advantage of this card?
The biggest advantage is earning 2 EDGE REWARD points for every Rs. 100 spent on LIC premium payments and foreign currency transactions. This accelerated earning rate helps you gather points much faster on large, necessary expenses.
Does this card work well for everyday shopping?
Yes, it provides 1 EDGE REWARD point for every Rs. 100 spent on standard eligible transactions. If you spend Rs. 20,000 a month on daily needs, you easily accumulate 200 points to use toward vouchers or gifts.
Expert Review
Having reviewed dozens of co-branded credit cards over the past decade, I find the LIC Axis Bank Signature Credit Card to be a solid utility player. It does not try to be everything to everyone. Instead, it picks its lane perfectly: rewarding LIC policyholders and domestic travelers. Getting 2 EDGE REWARD points per Rs. 100 on insurance premiums is a fantastic way to extract value from a mandatory yearly expense. Add in the generous 8 domestic lounge visits, and this card punches well above its weight class, especially since it is a lifetime free card with zero annual charges.
However, I must point out a glaring criticism: the baseline reward rate is quite low. At 1 point per Rs. 100 (which is an effective 0.2 percent return), this card falls behind aggressive cashback cards when used for regular retail or online shopping. Furthermore, the massive list of excluded categories—especially rent and utility bills—means you have to be very careful about where you swipe it. My final verdict? Get this card immediately if you pay high LIC premiums and fly domestically a few times a year. If you don't do either, you are better off looking at a dedicated 1-2 percent flat cashback card.
Joining / Annual Fee
Joining Fees
₹0 ( ₹0 + GST )
Annual Fees
₹0 ( ₹0 + GST )
A credit card's true value is determined by its benefits minus its maintenance costs. The LIC Axis Bank...
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A credit card's true value is determined by its benefits minus its maintenance costs. The LIC Axis Bank...
A credit card's true value is determined by its benefits minus its maintenance costs. The LIC Axis Bank Signature Credit Card excels here with a zero joining fee and a zero annual fee. This makes the card a pure asset, as there are no recurring costs to maintain the account, drastically boosting its overall value proposition.
This zero-fee structure applies to all standard applicants meeting the eligibility criteria. Unlike other cards where you must worry about meeting high annual spend targets like Rs. 2 lakh to get a fee waiver, this card provides its premium benefits—including lounge access and insurance rewards—without any annual maintenance charges. This lifetime free status ensures that your accumulated rewards represent pure savings rather than just offsetting an annual cost.
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The LIC Axis Bank Signature Credit Card features zero joining fees. It is issued free of charge to all eligible applicants.
What is the annual or renewal fee?
The annual fee for this card is zero. You can enjoy the benefits year after year without paying any renewal charges.
Can the joining fee be waived?
There is no joining fee to waive, as the card is offered with a zero initial cost for all approved applications.
Is there an annual fee waiver option based on spending?
Since the annual fee is already zero, no spending conditions are required to maintain the card's free status.
How much do I need to spend to get the annual fee waived?
You do not need to meet any spend targets, as the annual fee is set at Rs. 0. All benefits remain active regardless of your annual spend volume.
How can I guarantee I get this card lifetime free?
Maintaining a CIBIL score above 750 and demonstrating a stable annual income of Rs. 9 lakh ensures you qualify for the zero-fee Signature variant.
Are taxes included if a fee is charged?
If the bank implements a fee in the future, an 18 percent GST will be applied on top of the fee amount. However, currently, the fees are zero.
Does the welcome bonus offset the joining fee?
The Rs. 300 utility cashback represents pure profit, as there is no joining fee to offset. You receive the full value of the welcome benefit immediately.
Eligibility
Age
Criteria*
18-70 years
Salary
Criteria*
9LPA
Credit
Rating*
720+
New to credit
allowed
Yes
Existing Bank
Customer Allowed
Yes
Before planning how to spend your rewards, you must ensure you meet the strict eligibility parameters s...
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Before planning how to spend your rewards, you must ensure you meet the strict eligibility parameters s...
Before planning how to spend your rewards, you must ensure you meet the strict eligibility parameters set by the bank. The LIC Axis Bank Signature Credit Card is available to both salaried employees and self-employed professionals, ensuring a wide range of individuals can access its benefits. The core requirement starts with age. The primary applicant must be at least 18 years old and no older than 70 years at the time of application. This generous age bracket allows young adults just starting their careers, as well as retirees, to apply.
Income is the next crucial factor. Whether you run your own business or receive a monthly salary slip, you must demonstrate a minimum annual income of Rs. 9 lakh. To break that down practically, you need an average monthly income of Rs. 75,000. High-net-worth individuals are highly preferred for this Signature tier card, often receiving higher credit limits upon approval.
Your credit history plays an equally vital role. The bank requires a minimum CRIF or CIBIL credit score of 720 to even process your file, with a stated preference for applicants scoring 750 or above. A score of 750 proves you have a solid track record of paying previous loans and credit card bills on time. If your score is 710, your application will likely face immediate rejection regardless of your high salary.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
The primary cardholder must be at least 18 years old at the time of application to be eligible for this card.
What is the maximum age limit for the primary cardholder?
Applicants must not exceed 70 years of age when submitting their application.
What is the minimum salary required for salaried applicants?
Salaried individuals must have a minimum annual income of Rs. 9 lakh. This translates to an average monthly salary requirement of Rs. 75,000.
What is the minimum annual income for self-employed applicants?
Self-employed professionals and business owners also need to show a minimum annual income of Rs. 9 lakh through their Income Tax Returns (ITR).
Can self-employed individuals apply for this card?
Yes, the bank accepts applications from both salaried and self-employed employment types, provided all income criteria are met.
What credit score is needed for approval?
A minimum CRIF credit score of 720 is required, though a score of 750 or above is necessary to meet the primary eligibility criteria for this variant.
Will my application be rejected if my credit score is below 720?
Yes, a credit score below the strict 720 minimum will result in an automatic rejection, as it indicates a higher credit risk to the bank.
Do I need to be an existing Axis Bank customer?
You do not need an existing relationship with Axis Bank to apply for this card. While a prior relationship can assist with faster processing, all eligible new-to-bank customers are welcome to apply.
Does having an LIC policy guarantee approval?
No. While it is a co-branded LIC card, you must independently meet all age, income, and credit score requirements set by Axis Bank for approval.
Are retirees eligible for this card?
Yes, since the maximum age limit is 70 years, retirees can apply as long as they can provide proof of the required Rs. 9 lakh annual income through pensions or investments.
All Card Benefits
- Earn 100% cash-back up to ₹300 on first utility bill payment within 30 days of card issuance
- Enjoy 8 complimentary domestic airport lounge visits per calendar year at select airports
- Enjoy 15% off up to ₹500 at partner restaurants via Axis Bank Dining Delights, on a minimum order of ₹2,500, valid once per card per month
- Earn 1 EDGE REWARD point for every ₹100 spent on eligible transactions
- Earn 2 EDGE REWARD points per ₹100 on LIC premium payments and foreign currency spends
Welcome Benefits
Starting off with a fresh credit card should feel rewarding. The LIC Axis Bank Sign...
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Welcome Benefits Starting off with a fresh credit card should feel rewarding. The LIC Axis Bank Sign...
Welcome Benefits
Starting off with a fresh credit card should feel rewarding. The LIC Axis Bank Signature Credit Card offers a highly practical welcome benefit focused on everyday expenses. You receive 100 percent cashback up to Rs. 300 on your first utility bill payment made within 30 days of card issuance. Utilities are non-negotiable expenses, so this benefit essentially puts free money straight back into your pocket right after you activate your account.
To put this into perspective, if your first transaction is an electricity bill payment of Rs. 1,500, the bank will credit Rs. 300 back to your card statement. This requires zero extra effort on your part, as long as you process the payment within the first 30 days of receiving your card. It is a simple, straightforward way to kickstart your savings.
Reward Points Structure
The core earning mechanism of this card operates on the Axis EDGE REWARD points system. For every Rs. 100 you spend on regular, eligible transactions, you earn 1 EDGE REWARD point. The card truly shines when you use it for its specialized categories: LIC premium payments and foreign currency spending. In these two categories, the earning rate doubles to 2 EDGE REWARD points per Rs. 100 spent.
Each EDGE REWARD point carries a monetary value of Rs. 0.20. Let us look at a practical example. Suppose you pay an annual LIC premium of Rs. 50,000. At the accelerated rate of 2 points per Rs. 100, you earn 1,000 reward points. Those points hold a value of Rs. 200. Add this to your regular monthly spending of Rs. 30,000 on groceries and shopping (earning 300 points monthly, or 3,600 points annually). Over a year, you could easily accumulate points worth over Rs. 1,000 just by routing your normal expenses through this card.
Lounge Benefits
Travelers will find significant value in the lounge access feature of this card. The LIC Axis Bank Signature Credit Card provides 8 complimentary domestic airport lounge visits per calendar year at select airports across India. This is higher than the standard 4 visits offered by many basic cards, giving frequent domestic flyers more comfort during their journeys.
Airport food and seating can be highly expensive. A typical meal and coffee at an airport easily costs Rs. 1,000. By utilizing all 8 of your complimentary visits in a year, you are getting up to Rs. 8,000 in free food, beverages, and comfortable seating in climate-controlled lounges away from the crowded terminal.
Dining Benefits
Dining out is a major expense category for most families, and this card helps trim those bills through the Axis Bank Dining Delights Program. You get access to dining discounts at top partner restaurants across India simply by using your LIC Axis Bank Signature Credit Card to pay the bill.
For example, if you visit a partner restaurant and run up a bill of Rs. 4,000 for a family dinner, the Dining Delights program typically offers discounts around 15 percent. That instantly saves you Rs. 600 on a single meal. Over a year of eating out a couple of times a month, these savings can easily cross Rs. 5,000.
Fuel Surcharge Waiver Benefits
Driving a vehicle means regular fuel expenses, and credit cards typically charge a surcharge when you swipe at the pump. This card provides a 1 percent fuel surcharge waiver on transactions ranging from Rs. 400 to Rs. 4,000. You can save up to Rs. 400 per month through this benefit.
To maximize this, consider a scenario where you fill petrol worth Rs. 2,000. Without a waiver, you would pay a Rs. 20 surcharge. With this card, that Rs. 20 is waived. If you spend Rs. 10,000 on fuel in a month via multiple eligible transactions, you save Rs. 100. Over a year, this waiver prevents Rs. 1,200 of unnecessary fee payments.
Insurance Benefits
Security is paramount when dealing with credit cards. The LIC Axis Bank Signature Credit Card comes with complimentary lost card liability insurance cover. This protects you against fraudulent transactions if your card is lost or stolen, up to the full credit limit assigned to your card.
For instance, if your card has a credit limit of Rs. 1,50,000 and you drop it while traveling, any unauthorized transactions made by a thief are covered up to that full Rs. 1,50,000 amount. You simply need to report the loss to the bank immediately to activate this protection, ensuring complete peace of mind.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You must use your new card to pay a utility bill within 30 days of the card issuance date. Once the transaction is completed, you qualify for the cashback.
What is the maximum welcome cashback I can receive?
The maximum welcome cashback is capped at Rs. 300. Even if your utility bill is Rs. 5,000, the maximum statement credit you receive will be Rs. 300.
Which utility bills qualify for this offer?
Standard utility bills such as electricity, water, piped gas, and broadband payments qualify for this welcome offer. These transactions must be processed under the utility merchant category to trigger the cashback.
When will the welcome cashback appear on my statement?
The Rs. 300 cashback is typically credited to your credit card account in the subsequent billing cycle after the qualifying transaction is posted.
Do I get this benefit if I pay my utility bill on the 35th day?
No, the transaction must be processed strictly within 30 days of card issuance. Payments made on day 31 or later will not qualify for the Rs. 300 welcome cashback.
What is the standard reward rate on this card?
You earn 1 EDGE REWARD point for every Rs. 100 spent on regular eligible transactions. This represents a baseline return that you can accumulate over time.
How many points do I earn on LIC premium payments?
You earn double rewards, which is 2 EDGE REWARD points per Rs. 100 spent specifically on LIC premium payments. If you pay a Rs. 10,000 premium, you get 200 points.
What is the reward rate for international transactions?
Foreign currency spends also earn the accelerated rate of 2 EDGE REWARD points per Rs. 100 spent. Keep in mind that a forex markup fee still applies to these transactions.
What is the value of 1 EDGE REWARD point in rupees?
Each reward point is valued at Rs. 0.20. Therefore, if you accumulate 5,000 points, the total monetary value for redemption is Rs. 1,000.
Do I earn points on fuel purchases?
No, fuel spends are categorized under bank exclusions and do not earn any EDGE REWARD points on this card.
Do I earn points on utility bill payments?
Utility payments are explicitly listed under the bank exclusions. You will not earn reward points when paying electricity, water, or gas bills with this card.
Does paying rent earn reward points?
Rent spends are excluded from the rewards program. Not only will you earn zero points, but you will also incur a 1 percent processing fee for rent transactions.
Are wallet top-ups eligible for rewards?
No, loading money into mobile wallets or peer-to-peer transfers are fully excluded from earning any reward points.
How do government payments affect my rewards?
Transactions classified as government payments, such as taxes or municipal fees, do not accumulate EDGE REWARD points on this card.
Do my reward points expire?
EDGE REWARD points are valid for a period of 3 years (36 months) from the date of earning. You should redeem points before this window closes to avoid forfeiture.
Is there a limit to how many points I can earn in a month?
There is no monthly cap on reward points for regular purchases and LIC premium payments, allowing you to maximize points on large transactions.
How many lounge visits do I get per year?
You receive a total of 8 complimentary domestic airport lounge visits every calendar year with this credit card.
Can I use the lounge access for international terminals?
This benefit is explicitly for domestic airport lounges at select airports in India. It does not cover international lounge access.
Can my family members use my complimentary lounge visits?
Complimentary lounge access is strictly for the primary cardholder. Guests traveling with you will be charged the standard lounge entry fee to your card.
Do unutilized lounge visits carry forward to the next year?
No, lounge visits are allocated per calendar year. Any unused visits expire on December 31st and do not carry over to the new year.
Is there a fee swiped when entering the lounge?
A nominal authentication charge, usually Rs. 2 or Rs. 25, is swiped to verify your card at the lounge reception. This amount is automatically refunded to your account.
Which restaurants offer discounts on this card?
Discounts are available at over 10,000 partner restaurants, including major chains like Berco's, Mainland China, and Pizza Hut, as part of the Axis Bank Dining Delights Program.
How do I claim the dining discount?
Simply inform the restaurant staff that you will be paying with your Axis Bank credit card under the Dining Delights program before they generate the bill.
Is there a maximum limit to the dining discount I can get?
The dining discount is typically capped at Rs. 500 per transaction, and the 15% discount is applicable on a minimum bill value of Rs. 2,500.
Does the discount apply to alcoholic beverages?
Restaurant policies vary, but promotional discounts often apply only to food and non-alcoholic beverages. Taxes and service charges are also generally excluded from the discount calculation.
What is the exact fuel surcharge waiver rate?
The card offers a 1 percent fuel surcharge waiver on your petrol and diesel purchases at fuel stations.
What is the minimum transaction amount required for the waiver?
Your fuel transaction must be at least Rs. 400 to qualify for the 1 percent surcharge waiver. Transactions of Rs. 350 will not receive the waiver.
What is the maximum transaction limit for the waiver?
The waiver is only applicable on transactions up to Rs. 4,000. Swipes above this amount will attract the standard surcharge on the total value.
Is there a monthly cap on how much fuel surcharge I can save?
Yes, the maximum fuel surcharge savings is capped at Rs. 400 per month. Once you hit this limit, further fuel swipes will incur standard charges.
Do I also earn reward points on my fuel transactions?
No, fuel transactions are placed in the exclusions list. You receive the surcharge waiver, but you will not earn any EDGE REWARD points for fuel purchases.
What does the lost card liability insurance cover?
It protects you from financial liability for unauthorized or fraudulent transactions made on your card after it has been lost or stolen.
What is the maximum coverage amount for lost card liability?
The insurance covers fraudulent transactions up to the total credit limit assigned to your credit card account.
How quickly do I need to report a lost card to get this coverage?
You must report the loss to the bank's customer service immediately upon realization. The coverage generally applies to transactions made just prior to and following your official report.
Does this cover online fraud if I still have the physical card?
Unauthorized online transactions are covered under the zero-liability protection policy. You are fully protected against phishing and cyber fraud if you report the incident within 3 working days.
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Edge Reward Point = ₹0.25
Redemption Options
- Amazon Pay eGift Card
- Axis Bank Gift Card
- Applicable for E-Vouchers, Gift Cards, and Catalogue Merchandise
To check redemption catalogue
Earning points is only half the journey; redeeming them efficiently is where you extract real value fro...
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Earning points is only half the journey; redeeming them efficiently is where you extract real value fro...
Earning points is only half the journey; redeeming them efficiently is where you extract real value from the LIC Axis Bank Signature Credit Card. The points you earn from your daily shopping and LIC premium payments are stored in your EDGE REWARDS account. You have multiple redemption avenues, making the program highly flexible. You can redeem points for an Amazon Pay eGift Card, an Axis Bank Gift Card, various e-vouchers, or select physical merchandise from the rewards catalogue.
The conversion rate is transparent: 1 Edge Reward Point equals Rs. 0.20. Let us look at a real-world scenario. Assume you have accumulated 10,000 reward points over six months of regular usage and paying insurance premiums. Multiplying 10,000 by Rs. 0.20 gives you a total redemption value of Rs. 2,000. You log into the EDGE REWARDS portal, select an Amazon Pay eGift Card worth Rs. 2,000, and complete the transaction. Best of all, there are no reward redemption fees applicable on this card. This means you do not lose Rs. 99 plus taxes just to claim what you have rightfully earned.
View FAQ
Commonly Asked Questions
How do I redeem my reward points?
You need to log into your internet banking or the bank's mobile app, navigate to the EDGE REWARDS section, choose your desired voucher or product, and confirm the redemption.
What can I redeem my reward points for?
You can redeem points for Amazon Pay eGift Cards, Axis Bank Gift Cards, various brand e-vouchers, and physical products from the bank's catalogue merchandise.
What is the exact rupee value of my points?
Every 1 EDGE REWARD point is worth Rs. 0.20. For example, if you want an e-voucher worth Rs. 500, you will need to redeem 2,500 points.
Is there a fee for redeeming my rewards?
No, reward redemption fees are zero on this card. You keep 100 percent of your earned value.
Can I adjust my reward points against my credit card bill?
You can redeem accumulated points for statement credit at the standard conversion rate through the rewards portal, which directly reduces your outstanding bill amount.
Do my reward points expire if I don't use them?
All EDGE REWARD points are valid for 36 months from the date of accumulation. Ensure you redeem them within this period to prevent them from expiring.
How long does it take to receive the eGift card after redemption?
Digital e-vouchers like Amazon Pay gift cards are delivered to your registered email address and mobile number almost instantly or within 24 hours.
Gift card - Key Terms
Once you apply, we will start tracking your application
Generally takes 2-72 hrs
Once the bank confirms us of your successful card activation, we will process your rewards
Generally takes 7-75 days
You can then withdraw your rewards via Amazon Pay Balance/Flipkart gift cards
Generally takes 7-75 days
Note: If you currently hold or have ever held an Axis Credit Card, you are not eligible for CashKaro Rewards.
Rewards Related
- If you currently hold or have ever held an Axis Credit Card, you are not eligible for Gift Card
- A minimum transaction of Rs.100 within 30 days is mandatory to activate your card; otherwise, you wont be eligible for the Rewards
- Please use Aadhaar linked mobile number to fill the application
- If the distance between your residence and office addresses is 150 km or more, please ensure that your residence is selected as the mailing address. Applications not adhering to this will be rejected
- VKYC done over 50km from your Aadhaar/communication address will result in application rejection and loss of Rewards
Also, Remember
- Resume your application only via Great.Cards to avoid losing Rewards
- If your Rewards do not track, raise a Missing Rewards Ticket within 30 Days from the application date
- Rewards can only be redeemed as Amazon Pay Balance and Flipkart Gift Card
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Cash Withdrawals
Wallets/P2P
Rent Spends
Fuel Spends
Government Payments
Education Payments
Utilities
For Spends Waiver
Cash Withdrawals
Wallets/P2P
Rent Spends
Fuel Spends
Government Payments
Education Payments
Utilities
To avoid disappointment, you must know exactly which transactions will yield zero rewards. The LIC Axis...
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To avoid disappointment, you must know exactly which transactions will yield zero rewards. The LIC Axis...
To avoid disappointment, you must know exactly which transactions will yield zero rewards. The LIC Axis Bank Signature Credit Card has a strict list of exclusion categories where spending money will not generate any EDGE REWARD points. The bank explicitly excludes Cash Withdrawals, Wallets/P2P transfers, Rent Spends, Fuel Spends, Government Payments, Education Payments, and Utilities.
Let us break down the real-world impact of these exclusions. If you use your credit card to pay your child's Rs. 50,000 school fee (Education Payments), you earn zero points. If you load Rs. 10,000 into a digital wallet for easy spending, you earn zero points. If you pay your Rs. 20,000 monthly rent using a third-party app, not only do you earn zero points, but you will also be charged a 1 percent rent payment fee (Rs. 200). You must route your spending smartly. Use this card for retail shopping, dining, travel, and LIC premiums, and use alternative payment methods like UPI or debit cards for excluded categories.
View FAQ
Commonly Asked Questions
Which transactions do not earn rewards on this card?
You will not earn rewards on cash withdrawals, wallet loads, rent payments, fuel purchases, government payments, education fees, and utility bills.
Are fuel transactions excluded from earning rewards?
Yes, fuel transactions are fully excluded from earning points. However, you still benefit from the 1 percent fuel surcharge waiver on eligible fuel swipes.
Does paying rent with this card earn reward points?
No, rent payments are strictly excluded. Furthermore, you will be penalized with a 1 percent processing fee on the transaction amount when paying rent.
Are education or school fee payments excluded from earning rewards?
Yes, payments classified under education or school fees will not accumulate any EDGE REWARD points.
Are utility bill payments such as electricity excluded?
Yes, standard utility payments like electricity and water do not earn reward points. However, your very first utility payment qualifies for the Rs. 300 welcome cashback.
Do wallet top-ups earn rewards on this card?
No, loading money into mobile wallets or executing peer-to-peer (P2P) transfers are excluded categories and yield zero points.
What happens if I accidentally make a payment in an excluded category?
The payment will process successfully and reflect on your bill normally, but the transaction simply will not generate any EDGE REWARD points for your account.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 3.50% |
APR Fees Finance charges of 3.75% per month (45% per annum) apply on unpaid outstanding balances until the amount is fully repaid | 45% |
ATM withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable). | 2.50% |
Reward Redemption Fees No fee is charged when redeeming reward points on this card. | Not Applicable |
Link for all T&Cs | Click Here |
Railway Surcharge A surcharge of 1.8% is applied to transactions made for booking railway tickets | 1% |
Rent Payment Fees 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges | 1% |
cheque Payment Fees A fee of 2% of the payment amount is levied for cheque return, cheque dishonour, or auto-debit reversal | 2% |
Cash Payment Fees ₹175 cash payment fee per deposit | ₹175 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 – ₹500 | ₹0 |
| ₹501 – ₹5000 | ₹500 |
| ₹5001 – ₹10000 | ₹750 |
| Above ₹10001 | ₹1200 |
Understanding the exact costs associated with a credit card prevents unpleasant surprises on your month...
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Understanding the exact costs associated with a credit card prevents unpleasant surprises on your month...
Understanding the exact costs associated with a credit card prevents unpleasant surprises on your monthly statement. The LIC Axis Bank Signature Credit Card has a highly competitive baseline cost, but it applies strict penalties for late payments, cash withdrawals, and specific transaction categories. Read through every fee below to understand how it impacts your wallet.
The joining fee for this card is 0, meaning it is issued without any upfront cost for all eligible applicants. This zero-fee structure makes it one of the most accessible Signature tier cards available, saving you roughly Rs. 1,000 to Rs. 2,000 immediately upon approval.
The annual fee is also 0. You enjoy all premium perks, such as the 8 complimentary lounge visits and accelerated insurance rewards, without ever having to worry about meeting an annual spend threshold for fee reversal. This card is truly lifetime free.
The APR or interest rate is 3.75 percent per month, which translates to 55.55 percent annually. You get 20 to 55 days of interest-free credit only if you pay the total amount due. If you leave an unpaid balance of Rs. 10,000 for one month, the bank will add Rs. 375 in interest charges to your next statement.
Late payment charges are applied based on your outstanding balance slabs. Balances up to Rs. 500 attract a Rs. 0 fee. Balances between Rs. 501 and Rs. 5,000 face a Rs. 500 penalty. Balances between Rs. 5,001 and Rs. 10,000 face Rs. 750, and anything above Rs. 10,001 is hit with a Rs. 1,200 fine. If you forget to pay a Rs. 6,000 bill, you will pay a flat Rs. 750 penalty on top of the 3.75 percent interest.
A foreign transaction markup fee of 3.5 percent is applied to all international POS and online purchases charged in a foreign currency. If you travel abroad and swipe your card for USD 100 (approx. Rs. 8,300), the bank will add a Rs. 290.5 markup fee to your bill.
An ATM cash withdrawal fee of 2.5 percent of the withdrawn amount is charged, with a minimum penalty of Rs. 500. If you withdraw Rs. 10,000 cash in an emergency, you will pay a Rs. 500 fee upfront, plus the massive 3.75 percent monthly interest kicks in from day one.
A rent payment convenience fee of 1 percent is applied when you use third-party platforms to pay rent. If your monthly rent is Rs. 20,000, paying it with this card will trigger an additional fee of Rs. 200, plus applicable GST.
A railway surcharge of 1.8 percent is applied to transactions made for booking train tickets. If you book a family trip worth Rs. 5,000 on the IRCTC portal, an extra Rs. 90 will be added as a surcharge fee.
A cash payment fee of Rs. 175 is levied if you walk into an Axis Bank branch and deposit physical cash to clear your credit card bill. Always pay your bill digitally via NEFT, UPI, or net banking to avoid this unnecessary Rs. 175 cost.
A cheque payment fee of 2 percent of the payment amount is levied for cheque returns, dishonor, or auto-debit reversals. If your bank account lacks funds and a Rs. 20,000 auto-debit fails, you will be penalized with a Rs. 400 bounce charge.
The reward redemption fee is Not Applicable for this card. Unlike many premium cards that charge Rs. 99 every time you claim a voucher, redeeming your points here costs absolutely nothing, preserving the full value of your rewards.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | 0 |
| Annual Fee | 0 |
| Interest Rate (APR) | 3.75% per month (~55.55% p.a.) |
| Late Payment Fee | Up to Rs. 1,200 based on outstanding balance |
| Forex Markup Fee | 3.5% |
| Cash Advance Fee | 2.5% (Minimum Rs. 500) |
| Rent Payment Fee | 1% |
| Railway Surcharge | 1.8% |
| Cash Payment Fee | Rs. 175 per deposit |
| Cheque Return Fee | 2% of payment amount |
| Reward Redemption Fee | Not Applicable (Zero) |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The joining fee for this card is zero for all eligible applicants meeting the standard income and credit criteria.
What is the annual or renewal fee?
The annual fee for this card is zero. It is a lifetime free card that does not require any annual spend to waive renewal charges.
What is the interest rate (APR) if I don't pay my full balance?
The APR is 3.75 percent per month, which effectively becomes 55.55 percent annually. Always pay your full statement balance to avoid this.
How is the interest calculated on outstanding balances?
If you carry a balance, you lose the 20 to 55 days interest-free period. Interest at 3.75 percent per month is applied from the exact date of every new transaction.
What are the late payment charges?
Late fees are tiered: Rs. 0 for dues under Rs. 500; Rs. 500 for dues up to Rs. 5,000; Rs. 750 up to Rs. 10,000; and Rs. 1,200 for anything above Rs. 10,001.
What is the forex markup for international transactions?
A 3.5 percent markup fee is charged on any payment made in a foreign currency, such as spending USD 100 on an international website.
Can I withdraw cash using my credit card?
Yes, but you will instantly be charged a 2.5 percent fee on the withdrawn amount, subject to a strict minimum charge of Rs. 500.
Are there fees for paying rent with this card?
Yes, paying rent via third-party apps triggers a 1 percent processing fee on the transaction amount. Rent payments also earn zero reward points.
Is there a fee for paying my bill in cash?
Yes, visiting a bank branch to deposit physical cash toward your credit card bill will cost you a flat Rs. 175 cash payment fee.
What happens if my payment cheque bounces?
If your auto-debit fails or cheque bounces, a heavy 2 percent fee on the payment amount is levied against your account.
Are there charges for railway ticket bookings?
Yes, booking train tickets on the IRCTC platform attracts a 1.8 percent railway surcharge.
Is there a fee to redeem my reward points?
No, the reward redemption fee is zero. You do not pay anything to convert your points into vouchers.
Are taxes included in these fees?
No, all fees mentioned above are exclusive of taxes. An 18 percent GST will be added to every fee charged by the bank.
Documents Required
To process your application smoothly, you must provide proof of identity, address, and income. Having these ready prevents unnecessary delays.
You need your PAN Card as the primary identity document. For address proof, an Aadhaar Card, Passport, or Voter ID is acceptable. To prove your income, salaried employees should provide their latest two months' salary slips and the last three months' bank statements showing salary credits. Self-employed applicants must submit their latest Income Tax Return (ITR) computation along with business continuation proof.
View FAQ
Commonly Asked Questions
What identity proof is required?
A valid physical PAN card is mandatory for application and Video KYC. You will also need your Aadhaar card for digital authentication.
What documents serve as address proof?
Your Aadhaar card serves as the primary address proof. Passports, Voter IDs, or recent utility bills can also be used if your current address differs.
What income proof do salaried applicants need?
Salaried individuals must submit their latest 2 months' salary slips and recent bank statements showing salary credits to prove they meet the Rs. 9 lakh annual income criteria.
What income proof do self-employed applicants need?
Self-employed professionals must provide their latest Income Tax Returns (ITR) with a computation of income showing at least Rs. 9 lakh, along with audited financials if required.
Do I need a passport size photograph?
If completing the process via Video KYC, a live photo is captured. If applying offline at a branch, you will need a physical passport-size photograph.
Can I use a digital PAN card for Video KYC?
No, the bank executive requires you to display the original physical PAN card on the camera during the Video KYC call to verify authenticity.
Who Should Get This Card?
The LIC Axis Bank Signature Credit Card is tailored for a specific, yet broad, demographic. You should seriously consider this card if you have active life insurance policies with LIC. Paying those massive yearly premiums via cash or net banking yields nothing. By routing them through this card, you earn double points. It is also an excellent fit for the frequent domestic traveler. If you take 4 to 8 flights a year for business or visiting family, the 8 complimentary lounge visits will save you thousands of rupees on airport food.
On the flip side, who should avoid this card? If you are a heavy online shopper hoping for massive cashback on Flipkart or Amazon, this card's standard reward rate of Rs. 0.20 per Rs. 100 spent (0.2 percent return) will disappoint you. Furthermore, if your primary expenses are paying rent and utility bills, this card excludes those categories entirely. If you fall into these buckets, a dedicated cashback card will serve you much better.
Credit Limit and What to Expect
When your LIC Axis Bank Signature Credit Card is approved, the bank assigns a maximum credit limit. This number dictates how much you can spend on the card at any given time. Because this is a Signature tier card requiring a minimum income of Rs. 9 lakh, you can generally expect a robust starting credit limit.
Your exact limit is decided by evaluating your CRIF score (which must be above 720), your current salary, and any existing unsecured debts you hold. For an applicant earning Rs. 1 lakh a month with zero existing debt, the starting credit limit typically ranges from Rs. 2,00,000 to Rs. 4,00,000. Using your limit responsibly ensures future limit enhancement offers.
View FAQ
Commonly Asked Questions
How is my credit limit determined?
Your credit limit is calculated based on your Rs. 9 lakh minimum annual income, your CRIF score of 720+, and your overall debt-to-income ratio.
Can I request a higher credit limit after getting the card?
Yes, after using the card responsibly for 6 to 12 months, you can request a limit increase by submitting your latest salary slips or ITR.
What happens if I spend more than my credit limit?
Transactions exceeding your assigned credit limit are typically declined. If approved, an over-limit penalty fee will be applied to your account.
Does the bank automatically increase my credit limit?
Banks periodically review accounts. If you have excellent repayment behavior, you will receive pre-approved limit enhancement offers via SMS or email.
Does my credit limit affect my credit score?
Yes, utilizing a small portion of a high credit limit lowers your credit utilization ratio, which positively impacts your overall credit score.
Can I set a sub-limit for online transactions?
Yes, you can use the bank's mobile app to manually set daily or per-transaction limits for online, POS, and contactless spending for security purposes.
How to Apply?
Getting your hands on the LIC Axis Bank Signature Credit Card involves a straightforward digital process. You do not need to stand in long bank queues. Start by gathering your PAN card and Aadhaar card, ensuring your mobile number is linked to your Aadhaar for smooth OTP verification.
You can initiate the application on the bank's official website or through a trusted financial platform. Fill in your basic details, including your annual income (must be over Rs. 9 lakh) and employment status. Once the preliminary check is done, you will proceed to the Video KYC phase. Video KYC requires you to be in a well-lit room with a stable internet connection. An executive will verify your physical PAN card and take a live photograph, completing your application within minutes.
View FAQ
Commonly Asked Questions
Where can I apply for this credit card?
You can apply online via the official Axis Bank website, through partner platforms, or offline at any Axis Bank branch.
What is Video KYC and is it mandatory?
Video KYC is a digital verification process where a bank agent verifies your identity over a video call. It is the fastest way to complete your application without physical document collection.
What do I need for a successful Video KYC call?
You must have your original physical PAN card, a blank paper with a pen for a live signature, and a stable internet connection.
How long does the approval process take?
Once your Video KYC is successful and documents are verified, final approval typically takes 5 to 7 working days.
Can I track my application status?
Yes, you will receive an Application Reference Number via SMS. You can use this number on the bank's tracking portal to check your real-time status.
What happens if my Video KYC gets disconnected?
If the call drops, you will receive a link to restart the process. If it fails multiple times, the bank will schedule a physical KYC visit at your address.
That’s the full story of this credit card
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Top Benefits
Apply and get ₹650 Rewards
Top Benefits
Earn 100% Cashback up to ₹300
on First Utility Bill and 2 EDGE REWARD points per ₹100 on LIC premium payments
Enjoy 8 Complimentary Domestic Airport Lounge Visits
visits per year and earn 2 EDGE REWARD points for every ₹100 spent on foreign currency transactions
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