LIC CardsLIC Titanium Credit Card – Benefits, Fees & Eligibility
Is the LIC Titanium Credit Card Right for You?
The LIC Titanium Credit Card is best suited for users who prioritize Shopping, International Spends, Utilities. With a joining fee of Nil and a renewal fee of Nil, this card offers free entry for new applicants. It offers Reward Points as its primary reward mechanism, with a rewards rate of 2 Reward Points per Rs 100 on LIC premium payments and international spends; 1 Reward Point per Rs 100 on all other categories..
Key Card Details
Nil
Nil
Reward Points
3.5% on the conversion amount
Notable Perks
Spend-Based Waiver
Not applicable
Things to Consider
Limited redemption options restricted to the LIC Reward Catalog reduce flexibility compared to broader programs.
No lifestyle, travel, dining, or movie perks diminish appeal for users seeking comprehensive lifestyle benefits.
High interest rate of 52.86% per annum can lead to significant costs if balances are carried beyond the interest-free period.
Benefits & Features
Welcome Offer
No welcome bonus or joining perks are offered on this card.
Rewards Rate
2 Reward Points per Rs 100 on LIC premium payments and international spends; 1 Reward Point per Rs 100 on all other categories.
Reward Type
Reward Points
Reward Redemption
Redeem points against the LIC Reward Catalog via the LIC Credit Cards Rewards Catalogue portal/document.
Fees & Charges
Joining Fee
Nil
Renewal Fee
Nil
Spend-Based Waiver
Not applicable
Foreign Currency Markup
3.5% on the conversion amount
Interest Rates
52.86% per annum
Fuel Surcharge Waiver
1% surcharge waiver on fuel transactions between Rs 400 and Rs 4000 at all fuel stations across India
Cash Advance Charges
2.5% on the withdrawal amount, subject to a minimum of Rs 500
Rewards Redemption Fee
Nil (however, a redemption fee of Rs 30 is charged on the LIC Titanium Credit Card as per FAQs)
Pros & Cons
Pros
Key benefits and features of this card.
No annual or renewal fee makes it a cost-effective choice for everyday spending and budget-conscious users.
Accelerated 2x reward points on LIC premium payments and international spends maximize value for targeted transactions.
Lost card liability cover up to the credit limit provides strong protection against unauthorized usage risks.
Fuel surcharge waiver of 1% on eligible fuel transactions between Rs 400 and Rs 4000 helps reduce everyday costs.
Cons
Key drawbacks and limitations of this card.
Limited redemption options restricted to the LIC Reward Catalog reduce flexibility compared to broader programs.
No lifestyle, travel, dining, or movie perks diminish appeal for users seeking comprehensive lifestyle benefits.
High interest rate of 52.86% per annum can lead to significant costs if balances are carried beyond the interest-free period.
A redemption fee of Rs 30 applies despite listed nil fees, adding a cost to reward redemptions.
Product Details
No annual fee or renewal fee is charged
2 Reward Points every Rs 100 spent on LIC Premium Payment and international spends; 1 Reward Point every Rs 100 on all other categories
Lost Card Liability cover up to the credit limit
1% fuel surcharge waiver on fuel transactions between Rs 400 and Rs 4000 across India
Customers can convert purchases into EMI transactions of 6, 12, and 24 months; transaction value must be above Rs 2500
Foreign currency markup is 3.5%
Interest rate is 52.86% per annum
Add-on cards: first add-on free; maximum of 3 add-on cards allowed
Benefits & Features
Welcome Offer
No welcome bonus or joining perks are offered on this card.
Rewards Rate
2 Reward Points per Rs 100 on LIC premium payments and international spends; 1 Reward Point per Rs 100 on all other categories.
Reward Type
Reward Points
Reward Redemption
Redeem points against the LIC Reward Catalog via the LIC Credit Cards Rewards Catalogue portal/document.
What matters, explained clearly
Introduction
The LIC Titanium Credit Card is a co-branded card issued by LIC in collaboration with Axis Bank. It is positioned as an entry-level, no-annual-fee card best suited for shopping and everyday spends. The card differentiates itself primarily through accelerated rewards on LIC premium payments and international spends (up to 2 reward points per Rs 100), along with key protections such as lost card liability cover up to the credit limit and a fuel surcharge waiver.
Welcome Benefits
- No welcome bonus or joining perks are offered on this card.
Fees
- Joining Fee: Nil
- Renewal Fee: Nil (no annual or renewal fee charged)
- Spend-Based Waiver: Not applicable
- Rewards Redemption Fee: Nil (however, a redemption fee of Rs 30 is charged on the LIC Titanium Credit Card as per FAQs)
- Foreign Currency Markup: 3.5% on the conversion amount
- Interest Rates: 52.86% per annum
- Fuel Surcharge: 1% surcharge waiver on fuel transactions between Rs 400 and Rs 4000 at all fuel stations across India
- Cash Advance Charges: 2.5% on the withdrawal amount, subject to a minimum of Rs 500
- Add-on Card Fee: No fee on the first add-on card; fees apply on every additional card. A maximum of up to 3 add-on cards is allowed.
Rewards
-
Earning Structure
- 2 Reward Points per Rs 100 spent on LIC premium payments.
- 2 Reward Points per Rs 100 spent on international spends.
- 1 Reward Point per Rs 100 spent on all other categories.
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Movies & Dining: Not applicable.
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Travel: Not applicable.
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Domestic Lounge Access: Not applicable.
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International Lounge Access: Not applicable.
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Golf: Not applicable.
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Insurance Benefits: Not applicable.
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Lifestyle: Not applicable.
Rewards Redemption Guide
- Reward points accumulated on the LIC Titanium Credit Card can be redeemed against the LIC Reward Catalog.
- Redemption is performed via the LIC reward catalog portal/document (LIC Credit Cards Rewards Catalogue).
Card Eligibility Criteria
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Eligibility Rules
- Applicant must be an Indian Resident.
- Applicant age must be between 18 years and 70 years.
- Applicant can be self-employed or a salaried employee.
- Applicant must have a credit score of 700 or above.
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Documents Required
- Address Proof: Aadhaar card, Voter ID, or Passport.
- Income Proof: Bank statement or salary slip of the last 3 months, or last 2 years’ audited financial reports (for self-employed).
- Identity Proof: Aadhaar Card, Driving License, or Voter ID.
Card Review
- Verdict: The LIC Titanium Credit Card is a strong choice for cost-conscious customers seeking a no-annual-fee card that offers elevated rewards on LIC premium payments and international transactions. It is best suited for individuals who regularly pay LIC premiums or spend abroad and want straightforward reward earning without paying fees. Limited redemption options and the absence of lifestyle or travel perks may reduce its appeal for users seeking broader benefits.
Important Product Details
- No annual fee or renewal fee is charged.
- 2 Reward Points every Rs 100 spent on LIC Premium Payment and international spends.
- 1 Reward Point every Rs 100 spent on all other categories.
- Lost Card Liability cover up to the credit limit.
- 1% fuel surcharge waiver on fuel transactions between Rs 400 and Rs 4000 across India.
- Customers can convert purchases into EMI transactions of 6, 12, and 24 months; transaction value must be above Rs 2500.
- Foreign currency markup is 3.5%.
- Interest rate is 52.86% per annum.
- Cash advance fee is 2.5% (minimum Rs 500).
- Redemption fee of Rs 30 applies.
- Add-on cards: first add-on free; maximum of 3 add-on cards allowed.
Other Details
- Terms and conditions apply; benefits and features are subject to the issuer’s policies.
- Fuel surcharge waiver is valid only on transactions between Rs 400 and Rs 4000 at fuel stations in India.
- Lost card liability cover is up to the credit limit on the respective card.
- EMI conversion is available for transactions above Rs 2500 for tenures of 6, 12, and 24 months.