LIC Axis Bank Platinum Credit Card
A lifetime-free card earning 1 Reward Point per ₹100 and 2 per ₹100 on LIC premiums and foreign-currency spends, redeemable against Axis Bank's LIC rewards catalogue; Axis Bank's catalogue does not give a whole-paise rupee value per point for this card. Every figure below is copied from Axis Bank’s own documents; open a figure’s source link to read it there. Official terms last checked 2026-10-16.
Not on record from an official document: rupee value of a reward point. CardWise does not estimate these.
Fees and charges
| Joining fee | Nil Product page |
|---|---|
| Annual fee | Nil Product page |
| Annual fee waiver | Not needed |
| GST on fees | As applicable (18% assumed in calculations) |
| Foreign-currency markup | 3.5% of the transaction, plus GST Product page |
| Fees are plus GST. | |
| Reward redemption fee | ₹30 plus GST Product page |
Rewards
Reward points (rupee value not on record).
| Spend | Earns | Cap |
|---|---|---|
| Foreign-currency transactions | 2 points per ₹100 Product page | no cap on record |
| All other eligible spends | 1 point per ₹100 Product page | no cap on record |
Points are redeemed by calling customer care, against products and e-vouchers in the LIC rewards catalogue, with a ₹30 + GST handling charge per request; points expire one year after they are earned. The catalogue prices a ₹1,000 e-voucher at 1,515 points for Platinum cardholders, which does not come to a whole number of paise per point, so the point is not valued here.
No rewards on
- Utilities and telecom, education, rent, wallet loads, government services and fuel (also gold and jewellery, cash and EMI) Terms
Benefits
- Lounges: none on record
- Fuel: 1% fuel surcharge waived on fills of ₹400 to ₹4,000, up to ₹400 a month Product page
Also on this card
Quoted from Axis Bank; not counted in the net value.
- 2 Reward Points per ₹100 on LIC premiums paid through LIC's official payment gateways Terms
- Lost card liability cover up to the credit limit Product page
Eligibility
- Primary cardholder aged 18 or above Product page
- Primary cardholder aged 70 or below Product page
- Resident of India Product page
The issuer publishes only part of its criteria; approval rests on its own assessment.
Not published by Axis Bank in the documents read
- the card network
- a RuPay variant for UPI
- a welcome benefit
- an income requirement
The quotes behind the figures
19 figures, each copied from an official Axis Bank document.
Show every quote and source
“Charges Joining Fee Nil Annual Fee Nil”
“Foreign Currency Transaction Fee 3.5% of the transaction value”
“Earn 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 other transactions* except fuel, wallet load and EMI conversions”
“Purchases made towards government services, education, utilities and rental payments shall not be eligible for Plus points.”
“Excluded spend categories for reward earns: Transactions made on Utilities & Telecom, Education, Rent, Wallet load, Government services, Gold & Jewellery, Fuel, Cash advances and Repayments.”
“A handling charge of Rs.30 + GST will be charged towards every Reward redemption request.”
“No Reward Points on Fuel purchases”
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“LIC Titanium LIC Platinum LIC Signature”
“All reward points earned basis usage of the card shall have validity of one year from the date of accumulation.”
“Reward redemption fee ₹ 30”
“1% fuel surcharge waiver on fuel purchases at all fuel stations across India”
“Valid on transaction between ₹ 400 to ₹ 4000; Maximum monthly benefit up to ₹ 400”
“2X Reward points on LIC Insurance payments are eligible, only on transaction done through official LIC premium payment gateways and not through any third-party applications.”
“Complimentary lost card liability insurance cover up to credit limit”
“Primary cardholder between the age of 18 and 70 years”
“The individual should be a Resident of India”
“1X Reward on every spend except fuel, wallet & EMI 1% fuel surcharge waiver Joining Fee: ₹NIL Annual Fee: ₹NIL Know More Apply Now”
Terms change, sometimes without notice. Read the issuer’s current terms before applying. CardWise has no affiliate arrangement with Axis Bank or any issuer. Issuer names and logos belong to their owners and are shown only to identify each card’s issuer; CardWise is not affiliated with any issuer. The logo is Axis Bank’s own file from its website, unaltered, fetched 2026-10-15. Methodology