LIFETIME FREE Visa, Mastercard 📡 Contactless NFC

LIC Axis Bank Signature Credit Card

Joining FeeFREE

Annual FeeFREE

Forex Markup 3.5%

Application ModeDirect via Bank Website

⚖️ Card Verdict & Target Persona

Who Should Apply

LIC policyholders paying high annual insurance premiums looking for reward points on insurance payments, 8 domestic lounge visits, and zero annual fees forever.

Who Should Avoid

Users who do not pay LIC insurance premiums or those seeking high e-commerce cashback.

🎁 Key Features & Highlights

🎉

Joining & Activation Welcome Gift

100% cashback up to ₹300 on first utility bill payment within 30 days of card setup

2X Rewards on LIC Insurance Premiums

Earn 2 EDGE Reward Points per ₹100 (0.40% return) on LIC insurance premium payments and international spends.

Domestic Airport Lounge Access

8 complimentary domestic airport lounge visits per calendar year (max 2 per quarter on min ₹50,000 quarterly spend).

Lifetime Free Credit Card

Unconditionally Lifetime Free credit card with zero annual and maintenance charges.

💰 Reward Structure & Point Valuation

1 EDGE Reward Points = ₹0.2

Standard Base Earning

1 EDGE Reward Point per ₹100 spent on all other retail transactions (0.20% return; 1 RP = ₹0.20)

Accelerated / Partner Rate

2 EDGE Reward Points per ₹100 (0.40% return) on LIC insurance premium payments and international retail transactions; 100% cashback up to ₹300 on first utility bill payment

Points Validity:36 Months

Redemption Fee: ₹99 + GST / cycle

Redemption Modes: Axis EDGE Rewards Portal (Brand Vouchers & Electronics), Air Mile and Hotel Loyalty Partner Transfers

🚫 No Reward Points / Cashback on:

Fuel Wallet Loads Government Transactions Rent Payments Jewellery Cash Advances EMI

🛋️ Airport Lounge Access & Spend Criteria

✓ Lounge Access Active

🛫

Domestic Lounge Visits8 complimentary domestic airport lounge visits per calendar year (max 2 per quarter)

🌐

International Lounge VisitsNone

⚠️

Spend Criteria: Requires minimum eligible spend of ₹50,000 in the previous 3 calendar months

⚡ Spend Milestones & Special Perks

Annual Fee Waiver Lifetime Free (₹0)

Unconditionally Lifetime Free (LTF) credit card with zero joining and annual renewal fees

UPI Payments Support✗ Not Supported

UPI not supported on Visa/Mastercard network

Fuel Surcharge Waiver1% Surcharge Waived

1% fuel surcharge waiver for transactions between ₹400 and ₹4,000 (Capped at ₹400/mo)

📋 Eligibility Criteria

✓ Official Criteria

Age Limit18 - 70 Years

Min. Monthly Income₹50,000

Min. Credit Score720 CRIF

Employment TypeSalaried / Self-Employed

📊 Interest Rates & Charges

Finance Charges (Interest Rate / APR):3.60% per month (52.86% per annum)

Late Payment Penalties:Late payment charges slab-based up to ₹1,200

Official Bank Portal Application

Get the LIC Axis Bank Signature Credit Card

Lifetime Free Card • Zero Annual Maintenance Charges

Personalized Card Matcher

Still Confused About Your Best Match?

Don’t guess your cashback. Tell CardGuru your monthly grocery, UPI, and online shopping spends to calculate your exact net rupee returns in 10 seconds.

⚡ Instant Net Yield Math•🛋️ Lounge Fee Gate Check•🆓 100% Free & Impartial

Ask CardGuru Now→Takes less than 15 seconds

Best Credit Cards for 720 CIBIL Score LTF Cards for Salary Under ₹50,000 All Axis Bank Credit Cards Lounge Access Credit Cards Lifetime Free Credit Cards Best Visa Credit Cards Best Mastercard Credit Cards

Frequently Asked Questions

Yes, the LIC Axis Bank Signature Credit Card is a Lifetime Free credit card with ₹0 joining fee and ₹0 annual renewal fee.