LIC Platinum EMV Credit Card

The LIC Platinum EMV Credit Card, a collaborative venture with Corporation Bank, stands out with its built-in EMV security. Enjoy no annual fees upon signup and earn 1 reward point for every Rs 150 spent. Revel in benefits like accidental protection, credit liability, fuel surcharge waiver, and convenient EMI options. Elevate your financial experience with this feature-packed card.

Key Highlights of LIC Platinum EMV Credit Card

Unlock unparalleled benefits with the LIC Platinum EMV Credit Card.

  1. Earn 1 reward point for every Rs.150 spent.
  2. Enjoy Personal Accident Insurance with the card.
  3. Receive Credit Shield up to Rs.50,000 for Permanent Disability.
  4. Get Purchase Protection up to Rs.50,000 for 60 days after purchase.

Features and Benefits of LIC Platinum EMV Credit Card

The LIC Platinum EMV Credit Card offers several features and benefits:

1. Personal Accident Insurance:

  • Complimentary personal accident insurance coverage is provided with the LIC Platinum EMV Credit Card.

2. Balance Transfer Facility:

  • Cardholders can seamlessly transfer outstanding balances from other credit cards to their LIC Platinum EMV Card.

3. Reward Point Benefits:

  • Earn 1 reward point for every Rs.150 spent, with each point valued at Rs.0.25.

4. EMI Facility:

  • Enjoy the flexibility to convert purchases exceeding Rs.2,500 into easy EMIs of 6, 12, or 24 months.

5. Credit Shield:

  • Benefit from a credit shield of Rs.50,000 in case of permanent disability, subject to terms and conditions.

6. Purchase Protection:

  • Avail purchase protection of up to Rs.50,000 for a duration of 2 months, enhancing the security of your transactions.

LIC Platinum EMV Credit Card Fees and Charges

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

  1. Joining Fee: Nil
  2. Add-on Card: Free for the first card; Rs.100 for each additional card
  3. Interest on Revolving Credit: 3.00% per month (36% annually)
  4. Annual Fee: Nil
  5. ATM Cash Withdrawal Fee: 2.5% of the transaction amount
  6. Cash Advance Limit: 10% of the credit limit
  7. Charges for Non-Financial Transactions at Other Bank ATMs: Rs.30 per transaction
  8. Late Payment Charges:
  • 30% of the total amount due
  • Minimum Rs.100, Maximum Rs.500 per occasion

Eligibility Criteria for LIC Platinum EMV Credit Card

Here are essential criteria for applying for an LIC Platinum EMV Credit Card:

1. Nationality Requirement:

  • Applicant must hold Indian citizenship.

2. Employment Eligibility:

  • Primary applicant should be either salaried or self-employed.

3. Age Criteria:

  • Minimum age requirement is 18 years.

4. Creditworthiness:

  • A favorable credit score is a prerequisite for credit card application.

Documents Required for LIC Platinum EMV Credit Card

To apply for the LIC Platinum EMV Credit Card, you will typically need to provide the following documents:

1. Identity Proof Options:

  • Aadhaar card
  • Driving License
  • Voter ID
  • Passport

2. Income Proof Choices:

  • IT Returns
  • Form 16
  • Salary Slips

3. Proof of Address Alternatives:

  • Aadhaar card
  • Ration Card
  • Voter ID
  • Passport

How to apply for LIC Platinum EMV Credit Card?

Follow these steps to apply for the LIC Platinum EMV Credit Card:

  1. Visit LIC’s official website.
  2. Navigate to the ‘Personal’ section in the website header.
  3. Click on ‘Credit Cards’ to explore available options.
  4. Choose the LIC Platinum EMV Credit Card variant.
  5. On the card’s page, locate and click on the ‘Apply Now’ option.
  6. Complete the application form with the required details.
  7. Click ‘Submit’ to send your application.
  8. The bank will review your application for verification.
  9. Expect follow-up communication from the bank’s representative for additional documentation if needed.

FAQs for LIC Platinum EMV Credit Card:

1. What is the LIC Platinum EMV Credit Card?

The LIC Platinum EMV Credit Card is a premium credit card offered by LIC Cards Services Limited, a subsidiary of Life Insurance Corporation of India. It comes with various benefits, features, and privileges designed to cater to the diverse needs of cardholders.

2. How can I apply for the LIC Platinum EMV Credit Card?

You can apply for the LIC Platinum EMV Credit Card through the LIC Cards Services Limited website or by visiting the nearest LIC branch. The application process typically involves filling out a form, providing necessary documents, and meeting the eligibility criteria set by LIC.

3. What are the key features of the LIC Platinum EMV Credit Card?

The LIC Platinum EMV Credit Card offers features such as attractive reward points, travel benefits, insurance coverage, concierge services, and exclusive discounts on various lifestyle categories. It also comes with an EMV chip for enhanced security.

4. What are the eligibility criteria for the LIC Platinum EMV Credit Card?

Eligibility criteria may vary, but generally, applicants need to meet certain income requirements, have a good credit score, and fulfill other criteria specified by LIC Cards Services Limited. It’s advisable to check the specific eligibility criteria at the time of application.

5. How does the reward points system work?

The LIC Platinum EMV Credit Card typically offers reward points for every eligible transaction made using the card. These points can be redeemed for a variety of options, including merchandise, gift vouchers, and more. The details of the reward program may be available in the card’s terms and conditions.

6. What are the travel benefits associated with the LIC Platinum EMV Credit Card?

Cardholders may enjoy travel-related benefits such as airport lounge access, discounts on airfare and hotel bookings, travel insurance coverage, and other perks. The specific benefits may vary, and it’s recommended to review the card’s terms and conditions for details.

7. Is there an annual fee for the LIC Platinum EMV Credit Card?

The LIC Platinum EMV Credit Card may have an annual fee, which could vary based on factors such as the applicant’s profile and the ongoing promotions. It’s essential to check the fee structure before applying for the card.

8. How can I check my credit card statement and manage my account online?

LIC Cards Services Limited typically provides online services for cardholders, allowing them to check their credit card statements, track transactions, and manage their accounts through the official website or mobile app.

9. What should I do if my LIC Platinum EMV Credit Card is lost or stolen?

In case of loss or theft, immediately contact LIC Cards Services Limited’s customer service helpline, which is usually available 24/7. They will guide you through the process of reporting and blocking the card to prevent unauthorized transactions.

10. How can I contact customer support for the LIC Platinum EMV Credit Card?

You can contact LIC Cards Services Limited’s customer support through the helpline number provided on the official website or the back of your credit card. Additionally, customer support may be reachable through email or online chat services.