LIC Axis Bank Signature Credit Card
Axis Bank · Open to apply
A lifetime-free co-brand card with LIC: 1 Plus Point per ₹100, doubled to 2 on LIC premium payments and on foreign currency spends, with points worth ₹1 each against e-vouchers. Two domestic lounge visits a quarter on ₹50,000 of spend and a ₹300 cashback on the first utility bill. Points expire after a year.
- Annual fee
- Lifetime free
- Joining fee
- None
- Base rate
- 1 Plus Point per ₹100 on all other spends: 1 LIC Plus Points per ₹100 (about 1% at cash value)
- Lounges
- Domestic: 2 visits a calendar quarter after ₹50,000 spend
- Forex markup
- 3.5%
- Data
- From bank documents, checked 6 Nov 2026
Main earn rates
- 2 Plus Points per ₹100 on LIC premium payments: 2 LIC Plus Points per ₹100 (about 2% at cash value)
- 2 Plus Points per ₹100 on foreign currency spends: 2 LIC Plus Points per ₹100 (about 2% at cash value)
Earns nothing on
- No points on utilities and telecom, education, government, wallet, rent, fuel, jewellery, gift cards, cash advances or EMI conversions
- No points on bridge, road and toll fees
Where the sources disagree
- Reward redemption fee: The Signature page's fee table says "Reward Point Redemption fee: No". The Plus Points T&C (a handling charge of ₹30 + GST on every redemption request) and the Platinum page (₹30) say otherwise. The T&C is used.
- Fuel surcharge waiver: The product page promises the 1% waiver between ₹400 and ₹4,000 up to ₹400 a month; the KFS and MITC lists of cards that get or do not get the refund do not mention the LIC cards. The page is used.
Terms the calculator does not value
- The calculator's insurance bucket has no merchant, so the 2X on LIC premiums is not applied to it; insurance premiums are valued at the 1X base rate. A policyholder paying LIC premiums earns one extra point per ₹100 (₹1 of value per ₹100 on the Signature card).
- Plus Points expire after 12 months and every redemption costs ₹30 + GST; the calculator values points at the e-voucher rate, charges the ₹30 once a year and does not model the expiry.
- The network is not stated (entered as unknown).
Sources
- LIC Axis Bank Signature Credit Card product page (Product page, the bank's own, read 6 Nov 2026)
- LIC Rewards Terms and Conditions and rewards catalogue (PDF created 2026-10-12) (Reward terms, the bank's own, read 6 Nov 2026)
- Revision of LIC AXIS BANK Credit Card Terms and Conditions (effective 2025-06-20; PDF created 2025-05-13) (Bank notice, the bank's own, read 6 Nov 2026)
- Axis Bank credit cards Key Fact Sheet (last updated 2026-10-08) (Schedule of charges, the bank's own, read 6 Nov 2026)
- Axis Bank credit cards Most Important Terms and Conditions (PDF created 2026-10-08) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- Axis Bank Credit Cards Domestic Airport Lounge Access Program (PDF created 2026-04-16) (Reward terms, the bank's own, read 6 Nov 2026)
- Revision of Axis Bank Credit Card Terms and Conditions, effective 2026-08-28 (generic notice) (Bank notice, the bank's own, read 6 Nov 2026)