IDFC First Bank
LIC Classic Credit Card
Data last verified: 27 October 2026
- Joining feeFree
- Annual feeFree
- Reward rate0.6% on most spends; 1.2% only at partner merchants
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 markup0%
01LIC Classic Credit Card Rewards and Benefits
02LIC Classic Credit Card Annual Fee and Charges
- Joining fee
- Lifetime free
- Annual fee
- Lifetime free
- Spend-based waiver
- None
- Rewards redemption fee
- ₹99 per request
- Forex markup
- 0%
- Interest rate
- Not published
- Fuel surcharge waiver
- Yes
- Card replacement
- Not published
03What It's Worth, in Rupees
If you spend ₹20,000 a month on this card:
- ₹20,000 on everything else, earning 0.6%₹120
- Back each month, ₹1,440 a year₹120
- In your pocket each year₹1,440
Worked out from this card's reward rates, caps and fee in our data; a rate limited to named merchants is not counted here. Your own spending will differ: see what this card is worth at your spend.
Good for
- Utility bills only at LIC insurance premium payments made on LIC of India's official website: 1.2% back
- Anyone who wants no annual fee, ever
- Flyers: 4 airport lounge visits a year
- Spending abroad: 0% markup, most cards add 3.5%
Skip it if…
- most of your spending is fuel, rent, insurance or foreign spends: those earn nothing on this card
- you pay mostly by UPI: a Visa or Mastercard card cannot pay by UPI
- you rarely spend on LIC insurance premium payments made on LIC of India's official website: the 1.2% rate applies only there, everything else earns 0.6%
04How LIC Classic Credit Card earns Rewards
0.6% on most spends; 1.2% only at partner merchants.
| 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 | 0.6% | No cap | The card's normal rate |
| Dining and food delivery | 0.6% | No cap | The card's normal rate |
| Groceries | 0.6% | ₹75, shared with other bonus rates | All merchants in the categoryTerms: 3 RP per ₹125 (~0.6%); shares one 300 RP a month Essentials ceiling with utilities, education and government |
| Travel: flights, hotels, trains | 0.6% | No cap | The card's normal rate |
| Fuel | Earns nothing | - | earns nothing on this card |
| Bills and recharges | 0.6% | ₹75, shared with other bonus rates | Anywhere else in the categoryTerms: 3 RP per ₹125 (~0.6%) on utility bills away from LIC's own site; shares one 300 RP a month Essentials ceiling with groceries, education and government |
| Bills and recharges, only at listed merchants | 1.2% | No cap | Only at: LIC insurance premium payments made on LIC of India's official website (licindia.in)Terms: 6 RP per ₹125 (~1.2%) on LIC premium payments at licindia.in; 1 RP = ₹0.25. OUTSIDE capGroup essentials, CONFIRMED -- IDFC scopes that ceiling by MCC and the published list carries no insurance MCC. Only 5 premium payments a cycle earn; no field models that, so this is a ceiling. |
| Rent | Earns nothing | - | earns nothing on this card |
| Insurance premiums | Earns nothing | - | earns nothing on this card |
| School and college fees | 0.6% | ₹75, shared with other bonus rates | All merchants in the categoryTerms: 3 RP per ₹125 (~0.6%); shares one 300 RP a month Essentials ceiling with groceries, utilities and government |
| Wallet top-ups | 0.6% | No cap | The card's normal rate |
| Taxes and government payments | 0.6% | ₹75, shared with other bonus rates | All merchants in the categoryTerms: 3 RP per ₹125 (~0.6%); shares one 300 RP a month Essentials ceiling with groceries, utilities and education |
| Spend abroad or in a foreign currency | Earns nothing | - | earns nothing on this card |
| Everything else | 0.6% | No cap | The card's normal rate |
Terms on the base rate. 3 RP per ₹125 (~0.6%) on all other spends, outside the Essentials ceiling; points expire 3 years after being earned
Point value. 1 point is worth about ₹0.25 at the bank's stated value.
05LIC Classic Credit Card Lounge Access and Travel
Domestic lounge access is 4 visits a year. Railway lounges: 8 visits a year. 1 domestic airport + 2 railway lounge visits per quarter. Spending abroad carries a 0% forex markup; rewards on it: earns nothing. See what it costs on your trip
Also on the card. fuel surcharge waiver, insurance cover, airport lounge access.
- Fuel surcharge waiver: 1% fuel-surcharge waiver on fuel transactions between ₹200 and ₹5,000, capped at ₹200 per statement cycle
- Insurance cover: Personal accident cover ₹2,00,000; lost-card liability ₹25,000 (report within 30 days); purchase protection and credit shield ₹25,000 each; roadside assistance worth ₹1,399
06LIC Classic Credit Card Eligibility and Documents
- Employment
- Salaried or self-employed
Documents. PAN card Aadhaar / valid address proof Income proof (salary slips or ITR)
07Recent Changes
What IDFC First Bank changed on this card recently. The facts on this page already reflect them.
| Date | Change | Before | Now |
|---|---|---|---|
| 26 Oct 2026 | Reduced: International spends stop earning reward pointsSource: IDFC First Bank | Reward points on international spends at the card's own rate | No reward points on international spends |
| 15 Sept 2026 | Changed: Forex markup removedSource: IDFC First Bank | 1% to 3.5%, depending on the card | 0% (nil) |
| 9 Sept 2026 | Changed: Forex markup removedSource: IDFC First Bank | 1% to 3.5%, depending on the card | 0% (nil) |
| 18 Jan 2026 | Changed: Bonus reward points on travel booked in the IDFC FIRST appSource: IDFC First Bank | No app-booking bonus | 45X bonus on hotels, 20X bonus on flights |
| 18 Jan 2026 | Reduced: FASTag folded into the capped Essentials bucketSource: IDFC First Bank | FASTag earned 3X outside the Essentials ceiling | FASTag counts within Essentials, still 3X, but sharing its 300 RP/cycle ceiling |
See all 7 changes on this card → · All card changes in October 2026 →
08Cards Similar to LIC Classic Credit Card
LIC Classic Credit Card is a utility bills card. The two below are the closest on SkyloFin; open any of them, or put them side by side.
| Feature | LIC Classic Credit Card |  HSBC Live Plus Credit Card |  HDFC Bank UPI RuPay Credit Card |
|---|---|---|---|
| Joining fee | Lifetime free | ₹999 + GST | ₹99 + GST |
| Annual fee | Lifetime free | ₹999 + GST | ₹99 + GST |
| Rewards | 0.6% on most spends; 1.2% only at partner merchants | 1.5% base, up to 10% on dining | 0.25% base, up to 0.75% on groceries |
| Domestic lounge | 4 visits a year | 2 visits a year | Not included |
| Forex markup | 0% | 1.99% | 3.5% |
| Type | Utility bills | Dining | Grocery |
09Explore More
Card facts last verified 27 October 2026.
Card data sourced via CardAdvisor.in, India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.
Never Miss Your LIC Classic 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
What is the joining fee for the LIC Classic 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 Classic Credit Card?
The annual fee is Free.
Does the LIC Classic Credit Card give airport lounge access?
Yes. Domestic lounge access is 4 visits a year. Check the bank's page for the current rules, because lounge programmes change.
Does applying through SkyloFin cost more?
No. You pay the same fees you would pay applying directly with IDFC First 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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