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LIC IDFC Classic Credit Card

IDFC First Bank collaborates with LIC to launch two exclusive credit cards: LIC IDFC Classic and Select. Tailored for LIC policyholders, these cards offer rewards on insurance premiums. The LIC IDFC Classic Card provides up to 6X Reward Points on LIC spends and 3X on railways, utilities, education, and government expenses.

Key Highlights of LIC IDFC Classic Credit Card

  1. Earn 6X Reward Points on LIC transactions.
  2. Get 3X Reward Points on specific categories: utilities, education, and government payments.
  3. Enjoy complimentary access to railway lounges.
  4. Receive one domestic lounge access per quarter, totaling four accesses annually.

Features and Benefits of LIC IDFC Classic Credit Card

The LIC IDFC Classic Credit Card offers several features and benefits:

1. Joining Benefits:

  • Earn 1,000 Rewards on spending Rs. 5,000 within 30 days.
  • Enjoy 6 months PharmEasy Plus Membership (Rs. 399 value).
  • Avail Free 1-year Lenskart Gold Membership (Rs. 500 value).

2. Discounts & Offers:

  • Get 5% cashback on the first EMI transaction within 30 days (max Rs. 1,000).
  • Flat Rs. 500 off on Yatra Domestic Flights booking.
  • Rs. 500 off on MYGLAMM purchases of ₹899 or above.

3. Free Airport Lounge Access:

  • Spend Rs. 5,000 monthly for complimentary domestic lounge access for both primary and add-on cardholders.

LIC IDFC Classic Credit Card Fees and Charges

Explore the fee structure for the LIC IDFC Classic Credit Card and discover the financial advantages that come with it.

  1. No joining fee
  2. Zero renewal fee
  3. Rs. 99 rewards redemption fee
  4. 3.5% foreign currency markup
  5. Monthly interest rates: 0.75% to 3.5% (Annually 9% to 42%)
  6. 1% fuel surcharge waiver on up to Rs. 200
  7. Cash advance charges: Rs. 199

How To Apply for LIC IDFC Classic Credit Card?

Follow these steps to apply for the LIC IDFC Classic Credit Card:

  1. Visit the LIC IDFC Credit Card application portal.
  2. Fill out the digital application form providing your personal information.
  3. Upload required documents, such as ID proof and income documents.
  4. Review the application and submit it.
  5. Await approval and receive your LIC IDFC Classic Credit Card.

Frequently Asked Questions (FAQs)

1. How can I apply for the LIC IDFC Classic Credit Card?

  • Visit the official LIC IDFC website and follow the online application process.

2. Does the LIC IDFC Classic Credit Card come with an annual fee?

  • No, the card has no annual fee; it’s free for the cardholder.

3. What documents are required for the credit card application?

  • Typically, you’ll need ID proof, income documents, and other KYC details.

4. How can I check the status of my credit card application?

  • You can track your application status online on the LIC IDFC portal or contact customer service.

5. What are the benefits of the LIC IDFC Classic Credit Card?

  • Benefits include zero joining and renewal fees, rewards redemption options, fuel surcharge waivers, and competitive interest rates.