Axis LIC Platinum Credit Card: Features & Charges

Bio

An Alumnus of IIM and DU with almost a decade of experience in the banking and finance sectors. I had the opportunity to work with all types of institutions in BFSI ecosystem like Bank, NBFC, Fintech, Consulting and Auditor. I started my professional journey at KPMG and subsequently worked in leading names of the BFSI sector including Ujjivan Bank, Vistaar Finance. Currently building a fintech startup ( PICE) by handling alliances, compliance and creation of GTM strategy for payments and credit product.

2 Jan 26
3 mins

Saurabh Agrawal

08 Mins
02-01-26

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Table of Contents

Axis Bank LIC Platinum Credit Card Benefits
Axis LIC Platinum Credit Card Fees

Key Takeaways:

Earn 2 reward points for every ₹100 spent on LIC premium payments.
Enjoy zero joining and annual fees on the card.
Reward points stay valid for 12 months from the date of credit.

Designed for policyholders who want more from their routine payments, the Axis LIC Platinum Credit Card helps you earn rewards on everyday spending.

You earn accelerated reward points on LIC premium payments and foreign currency transactions. At the same time, all other eligible spends continue to add value through regular rewards. Read on to explore the reward structure in detail.

Axis Bank LIC Platinum Credit Card Benefits

With the Axis LIC Platinum Credit Card, you can earn 2 reward points on every ₹100 spent on LIC premium payment and foreign currency transactions.

You can earn 1 reward point on every ₹100 spent on other categories, excluding fuel spends, wallet loading and EMI transactions.

The other benefits offered by this card are as follows:

You can get complimentary lost card liability cover up to your card limit.
The card offers a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000.
You can convert transactions of ₹1,500 onwards into EMI.
The card allows you to enjoy dining delights at partnered restaurants.

Axis LIC Platinum Credit Card Fees

There is no joining or annual fee for the Axis LIC Platinum Credit Card. However, the applicable finance charges are 3.75% per month, cash withdrawal fees are 2.5% subject to a minimum of ₹500 and the overlimit penalty is 2.5% with a minimum of ₹500.

Skip the burden of interest by linking your card to the Pice App. Get timely credit card bill payment reminders and pay your bill directly from the app without any hassle. Download it now and never miss a due date again!

Footnote:

The maximum fuel surcharge waiver is ₹400 per month. To know more about the Axis LIC Platinum Credit Card, click here.

FAQs

What is the validity of rewards on the Axis LIC Platinum Credit Card?

The reward points on the Axis LIC Platinum Credit Card remain valid for 12 months from the date of credit. You need to use it within the mentioned time frame to avoid losing the earned benefits.

How to redeem reward points on Axis LIC Platinum Credit Card?

You can connect with Axis Bank customer care for reward redemption assistance. Notably, you can choose products from the LIC rewards points catalogue to redeem them.