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Axis Bank LIC Platinum Credit Card VS Axis Bank LIC Signature Credit Card

A detailed, side-by-side look at 2 leading credit cards. Analyze the features that matter most to you and make an informed choice.
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Last updated: 2 May 2026
Axis Bank LIC Platinum Credit Card
Axis Bank LIC Platinum Credit Card
Axis Bank LIC Signature Credit Card
Axis Bank LIC Signature Credit Card

Fees & Charges

Joining FeeLifetime Free
Joining FeeLifetime Free
Renewal FeeLifetime Free
Renewal FeeLifetime Free
Spend Based Waiver1% fuel surcharge waiver capped at ₹400 monthly benefit; valid on transactions between ₹400 and ₹4000 (GST on fuel surcharge is non-refundable).
Spend Based Waiver
Foreign Transaction Fees3.5% foreign currency transaction fee; 1.5% dynamic currency conversion markup on applicable international transactions in Indian currency.
Foreign Transaction Fees3.50% of the transaction value; Dynamic Currency Conversion markup 1.5% on applicable international transactions in Indian currency.
Interest Rate (APR)3.75% per month (55.55% per annum) on retail purchases and cash.
Interest Rate (APR)3.75% per month (55.55% per annum) on retail purchases and cash.

Rewards & Benefits

Welcome BonusNil joining and annual fees; earn 2 Reward points per ₹100 on LIC premiums and foreign currency spends.
Welcome Bonus100% cashback up to ₹300 on first utility bill payment within 30 days of card issuance.
Rewards Rate2 Reward points per ₹100 on LIC premium payments and foreign currency transactions; 1 Reward point per ₹100 on all other eligible transactions.
Rewards Rate2 Reward points per ₹100 on LIC premiums and foreign currency transactions; 1 Reward point per ₹100 on all other eligible transactions (excluding fuel, wallet load and EMI conversions).
Reward TypeReward Points
Reward TypeReward Points
Reward Redemption Fee₹30 per redemption.
Reward Redemption FeeNo redemption fee.

Travel & Lifestyle

Domestic Lounge Access
Domestic Lounge Access8 complimentary domestic airport lounge visits per calendar year at select domestic airports.
International Lounge Access
International Lounge Access
Travel BenefitsNot specified for this card; Wednesday Delight offers include instant savings up to 15% on flights & hotels via MakeMyTrip.
Travel Benefits8 complimentary domestic airport lounge visits per calendar year; Wednesday Delight offers — up to 15% on flights & hotels via Goibibo and Makemytrip.
Movie Benefits
Movie Benefits
Dining BenefitsAxis Bank Dining Delights Program — exceptional dining experiences at top restaurants across India (T&Cs apply).
Dining BenefitsAxis Bank Dining Delights: Offers at top restaurants across India; details via partner link.
Golf Benefits
Golf Benefits
Fuel Surcharge Waiver1% fuel surcharge waiver capped at ₹400 monthly; no Reward Points on fuel purchases.
Fuel Surcharge Waiver1% fuel surcharge waived for transactions between ₹400–₹4,000; maximum benefit up to ₹400 per month; GST non-refundable.

Security & Other

Insurance BenefitsComplimentary lost card liability insurance cover up to credit limit.
Insurance BenefitsComplimentary lost card liability insurance cover up to credit limit.
Cash Advance Charges2.5% (minimum ₹500) of the cash amount.
Cash Advance Charges2.5% (minimum ₹500) of the cash amount.
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Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

Axis Bank LIC Platinum Credit Card

Axis Bank LIC Signature Credit Card

Who is it for?

The LIC Axis Bank Platinum Credit Card is a no-fee lifestyle card designed for cost-conscious users who want modest rewards and basic insurance without annual charges. It shines for LIC premium payments and international spends with 2 Reward points per ₹100, a capped fuel surcharge waiver, and complimentary lost card liability cover. Ideal for users prioritizing low recurring costs and targeted rewards over premium travel perks or lounge access.

Who is it for?

The LIC Axis Bank Signature Credit Card is a premium offering built for existing LIC policyholders and frequent international travellers who value high rewards on insurance premiums and forex spends. With nil joining and annual fees, 2x rewards on LIC premiums and foreign transactions, 8 domestic lounge visits per year, and lifestyle perks like dining and Wednesday Delight offers, it delivers strong everyday and travel value. Ideal for disciplined users who avoid costly cash advances and revolving finance, this card balances elevated rewards with practical travel and security benefits.

Pros

Key benefits and features.

Nil joining and annual fees make this card cost-effective for long-term use without recurring charges.

Enhanced 2 Reward points per ₹100 on LIC premiums and foreign currency spends maximize targeted rewards.

1% fuel surcharge waiver up to ₹400 monthly helps frequent fuel users reduce transaction costs.

Complimentary lost card liability insurance up to credit limit adds valuable peace of mind.

Easy EMI option on purchases of ₹1500+ provides flexible payment choices for larger spends.

Pros

Key benefits and features.

Nil joining and annual fees make it cost-effective for long-term ownership and regular use.

High 2x reward rate on LIC premiums and foreign currency spends maximises value for target users.

8 complimentary domestic lounge visits per year enhance travel comfort at no extra cost.

1% fuel surcharge waiver with up to ₹400 monthly benefit reduces driving expenses on eligible fuel spends.

Activation cashback up to ₹300 on first utility bill and lost card liability cover add immediate utility and security.

Cons

Key drawbacks and limitations.

Base rewards exclude fuel, wallet load, and EMI transactions, limiting earnings for common spends.

Foreign currency transaction fee of 3.5% and DCC markup of 1.5% raise costs on international use.

Finance charges of 3.75% per month (55.55% p.a.) are high for retail purchases and cash advances.

Reward redemption requires calling customer care and carries a ₹30 fee per redemption.

No explicit lounge access, travel perks, or milestone bonuses for high spenders.

Cons

Key drawbacks and limitations.

Finance charges at 3.75% per month (55.55% p.a.) are steep and can erode benefits if balances are revolved.

Cash withdrawal fee of 2.5% (min ₹500) makes ATM usage expensive for liquidity needs.

Foreign currency markup of 3.50% is high and may not be fully offset by rewards on international spends.

Post-2024 transaction fees on education, utility, wallet load, fuel and gaming can accumulate if thresholds are met.

Reward caps and redemption value clarity are limited, with no detailed partner transfer program disclosed.

How We Compare These Cards

Every comparison on CardsForYou is built from the same verified data set we use across the site - joining and renewal fees, reward rates, forex markup, lounge access, and insurance benefits - sourced directly from each issuer and refreshed regularly. We highlight the lower-cost option on fees automatically, but "best" always depends on your own spending pattern: a card that wins on annual fee may lose on reward rate for a heavy spender, and vice versa. Use the table above alongside your own typical monthly spend to judge real value, not just the headline numbers.

Ready to Choose?

Based on your comparison, select the credit card that best matches your spending habits and financial goals.
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