LIC Axis Bank Signature Credit Card
A lifetime-free card earning 1 Reward Point per ₹100 and 2 per ₹100 on LIC premiums and foreign-currency spends, redeemable for e-vouchers at 1 point = ₹1, with 8 domestic lounge visits a year. 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.
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 Terms |
Rewards
Reward points, ₹1 each when redeemed as stated Terms.
| 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.
No rewards on
- Utilities and telecom, education, rent, wallet loads, government services and fuel (also gold and jewellery, cash and EMI) Terms
Benefits
- Lounges: 8 complimentary domestic airport lounge visits a calendar year (2 a quarter) — ₹50,000 of eligible spend in the previous 3 calendar months Product page
- Fuel: 1% fuel surcharge waived on fills of ₹400 to ₹4,000, up to ₹400 a month Product page
- Welcome: 100% cashback up to ₹300 on the first utility bill paid within 30 days of card issue 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
- 8 domestic airport lounge visits a year Product page
- 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
- an income requirement
Where Axis Bank’s documents differ, and what is used
- Redemption fee: the product page's fee table says 'No' reward redemption fee; the LIC rewards terms charge ₹30 + GST per redemption request. The terms are used.
The quotes behind the figures
24 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 3.50% of the transaction value”
“Amazon Pay E-Voucher INR 1000 AXLIC023 3030 1515 1000”
“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.”
“LIC Titanium LIC Platinum LIC Signature”
“Reward Point Redemption fee No”
“No reward points on fuel purchases”
“LIC Axis Bank Signature Credit Card (2 complimentary lounge access per quarter)”
“All reward points earned basis usage of the card shall have validity of one year from the date of accumulation.”
“Flipkart E-Voucher INR 1000 AXLIC150 3030 1515 1000”
“Effective 1st May 2024, access to domestic airport lounges is based on a minimum eligible spend of Rs. 50,000 in the previous 3 calendar months.”
“A handling charge of Rs.30 + GST will be charged towards every Reward redemption request.”
“Enjoy 8 complimentary lounge visits per calendar year at select domestic airports with your LIC Axis Bank Signature Credit Card.”
“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”
“100% cashback up to ₹ 300 on first utility bill payment within first 30 days of card issuance.”
“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 should be between the age of 18 and 70 years”
“The individual should be a Resident of India”
“Up to 8 complimentary domestic airport lounge access per year 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