Axis Bank
LIC Axis Bank Platinum Credit Card
- Joining feeFree
- Annual feeFree
- Reward rateRewards not published
Takes you straight to the application. We earn a commission if you are approved, and you pay nothing extra.
- Joining feeFree
- Annual feeFree
- Lifetime freeYes
- Forex markup3.5%
This card is lifetime free, with no joining or annual fee. It is built for people who pay LIC premiums: you earn 2 reward points per Rs 100 on LIC premium payments and international spends, and 1 point per Rs 100 on everything else. It works on UPI.
It also includes personal accident cover of Rs 3 lakh and air accident cover of Rs 1 crore. Since there is no fee at all, anything you earn is pure gain.
It suits LIC policyholders who want a no-cost card for their premiums and daily spends, and first-time users building a credit history. The catch: there are no lounge visits, and the 3.5% forex fee eats most of the extra points on foreign spends.
Best for: LIC policyholders, First-time card users, People wanting a no-fee backup card.
01LIC Axis Bank Platinum Credit Card Rewards and Benefits
02LIC Axis Bank Platinum Credit Card Annual Fee and Charges
- Joining fee
- Lifetime free
- Annual fee
- Lifetime free
- Spend-based waiver
- None
- Rewards redemption fee
- Nil
- Forex markup
- 3.5%
- Interest rate
- Not published
- Fuel surcharge waiver
- No
- Card replacement
- Not published
03Who It Suits, and Who Should Skip It
The bank has not published enough about this card's rewards or fee for a rupee example.
Good for
- Anyone who wants no annual fee, ever
Skip it if…
- you pay mostly by UPI: a Visa or Mastercard card cannot pay by UPI
- you spend a lot on online shopping, dining, groceries or travel: the card's terms do not state a rate there, so we count nothing
- you often pay in foreign currency: 3.5% is added to every foreign spend
04Product Details
- Lifetime free, no joining or annual fee
- 2 reward points per ₹100 on LIC premiums
- 2 reward points per ₹100 on international spends
- 1 reward point per ₹100 on other spends
- Personal accident cover of ₹3 lakh, air accident cover of ₹1 crore
- Works on UPI
05Pros and Cons
Pros
- No fee ever
- Extra points on LIC premium payments
- Insurance cover included
Cons
- No lounge access
- 3.5% forex fee
- Modest reward rate on regular spends
06How LIC Axis Bank Platinum Credit Card earns Rewards
Rewards not published.
| Spend category | Rate | Monthly cap | Where it applies |
|---|---|---|---|
| UPI payments (scan and pay) | Earns nothing | - | a Visa or Mastercard card cannot pay by UPI |
| Online shopping | Not stated | - | the card does not publish its base rate |
| Dining and food delivery | Not stated | - | the card does not publish its base rate |
| Groceries | Not stated | - | the card does not publish its base rate |
| Travel: flights, hotels, trains | Not stated | - | the card does not publish its base rate |
| Fuel | Not stated | - | the card's exclusions are not published, and many cards pay nothing here |
| Bills and recharges | Not stated | - | the card's exclusions are not published, and many cards pay nothing here |
| Rent | Not stated | - | the card's exclusions are not published, and many cards pay nothing here |
| Insurance premiums | Not stated | - | the card's exclusions are not published, and many cards pay nothing here |
| School and college fees | Not stated | - | the card's exclusions are not published, and many cards pay nothing here |
| Wallet top-ups | Not stated | - | the card's exclusions are not published, and many cards pay nothing here |
| Taxes and government payments | Not stated | - | the card's terms state no rate here; many cards pay nothing on these |
| Spend abroad or in a foreign currency | Not stated | - | the card does not publish its base rate |
| Everything else | Not stated | - | the card does not publish its base rate |
07LIC Axis Bank Platinum Credit Card Travel Benefits
Spending abroad carries a 3.5% forex markup; rewards on it: not stated. See what it costs on your trip
08Cards Similar to LIC Axis Bank Platinum Credit Card
LIC Axis Bank Platinum Credit Card is a rewards card. The two below are the closest on SkyloFin; open any of them, or put them side by side.
| Feature | LIC Axis Bank Platinum Credit Card |  Federal Scapia Credit card |  SBI BPCL Credit Card |
|---|---|---|---|
| Joining fee | Lifetime free | Lifetime free | ₹499 + GST |
| Annual fee | Lifetime free | Lifetime free | ₹499 + GST |
| Rewards | Rewards not published | 2% on most spends; 4% only at partner merchants | 0.25% base, up to 1.25% on dining; 3.25% only at partner merchants |
| Domestic lounge | Not included | Unlimited | Not included |
| Forex markup | 3.5% | 0% | 3.5% |
| Type | Rewards | Travel | Fuel |
09Explore More
Never Miss Your LIC Axis Bank Platinum Credit Card Bill
The SkyloFin app reads your bank's bill SMS, reminds you before the due date and marks the bill paid when you pay. Free on Android, and your data stays on your phone.
Common Questions
Is this card really free?
Yes, it is lifetime free with no joining or annual fee.
Do LIC premiums earn more points?
Yes, 2 reward points per ₹100, double the regular rate.
What insurance comes with it?
Personal accident cover of ₹3 lakh and air accident cover of ₹1 crore.
What is the joining fee for the LIC Axis Bank Platinum Credit Card?
The joining fee is Free. Check the bank's page before you apply, because fees change and promotional waivers come and go.
What is the annual fee for the LIC Axis Bank Platinum Credit Card?
The annual fee is Free.
Does applying through SkyloFin cost more?
No. You pay the same fees you would pay applying directly with Axis Bank. We earn a commission from the bank when someone applies through our link, and that is how the site is funded.
SkyloFin is not a bank and does not approve applications. Fees, rewards and eligibility rules are set by the provider and can change without notice. Always read the terms on the provider's site before you apply.
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