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Axis Bank LIC Platinum Credit Card VS LIC IDFC Classic 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: 25 July 2026

Both Axis Bank LIC Platinum Credit Card and LIC IDFC Classic Credit Card suit travel-focused spenders, but they earn and cost differently. Axis Bank LIC Platinum Credit Card is lifetime-free and earns 2 Reward points per ₹100 on LIC premium payments and foreign currency transactions; 1 Reward point per ₹100 on all other eligible transactions. LIC IDFC Classic Credit Card is lifetime-free and earns 6X Reward Points on LIC premium payments; 3X on select categories (utilities, education, grocery, government, railway) and all other spends. LIC IDFC Classic Credit Card also brings one complimentary domestic lounge access each month on Rs. 5,000 monthly spend. Also 2 free railway lounge accesses per quarter. If international spends spending matters more, go with Axis Bank LIC Platinum Credit Card; if utilities is the priority, LIC IDFC Classic Credit Card fits better.

Axis Bank LIC Platinum Credit Card
Axis Bank LIC Platinum Credit Card
LIC IDFC Classic Credit Card
LIC IDFC Classic 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 Fees3.5%
Interest Rate (APR)3.75% per month (55.55% per annum) on retail purchases and cash.
Interest Rate (APR)Monthly 0.75%-3.5% (Annually 9%-42%)

Rewards & Benefits

Welcome BonusNil joining and annual fees; earn 2 Reward points per ₹100 on LIC premiums and foreign currency spends.
Welcome Bonus1,000 RPs on Rs. 5k spend, 6-month PharmEasy Plus, 1-year Lenskart Gold Membership.
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 RateEarn 6X Reward Points on LIC premium payments; 3X on select categories (utilities, education, grocery, government, railway) and all other spends.
Reward TypeReward Points
Reward TypeReward Points
Reward Redemption Fee₹30 per redemption.
Reward Redemption FeeRs. 99 per redemption

Travel & Lifestyle

Domestic Lounge Access
Domestic Lounge AccessOne complimentary domestic lounge access each month on Rs. 5,000 monthly spend. Also 2 free railway lounge accesses per quarter.
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 Benefits2 free railway lounge accesses each quarter. One complimentary domestic lounge access monthly on Rs. 5,000 spend. Flat Rs. 500 off on Domestic Flights on Yatra.
Movie Benefits
Movie Benefits
Dining BenefitsAxis Bank Dining Delights Program — exceptional dining experiences at top restaurants across India (T&Cs apply).
Dining Benefits
Golf Benefits
Golf Benefits
Fuel Surcharge Waiver1% fuel surcharge waiver capped at ₹400 monthly; no Reward Points on fuel purchases.
Fuel Surcharge Waiver1% waiver on fuel transactions up to Rs. 200

Security & Other

Insurance BenefitsComplimentary lost card liability insurance cover up to credit limit.
Insurance BenefitsComprehensive insurance cover, including purchase protection and a credit shield.
Cash Advance Charges2.5% (minimum ₹500) of the cash amount.
Cash Advance ChargesRs. 199 per transaction
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Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

Axis Bank LIC Platinum Credit Card

LIC IDFC Classic 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 IDFC Classic Credit Card is a co-branded, lifetime free offering from IDFC First Bank, ideal for LIC policyholders. It provides accelerated 6X Reward Points on LIC premium payments and 3X on other essential categories like utilities and groceries. Cardholders also enjoy complimentary domestic airport and railway lounge access, along with comprehensive insurance benefits. This card is a valuable choice for those seeking savings on insurance and convenient travel perks.

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.

Lifetime free credit card with no joining or annual fees.

Offers one free domestic lounge access (conditional on monthly spend).

Provides accelerated rewards on LIC premium payments and other essential categories.

Includes comprehensive insurance benefits like purchase protection and credit shield.

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.

Lower reward rates for general spending compared to specific LIC premium payments.

Domestic lounge access is conditional on a minimum monthly spend of Rs. 5,000.

A redemption fee of Rs. 99 is charged for redeeming accumulated reward points.

High foreign currency markup of 3.5% makes international spends expensive.

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.
Apply for Axis Bank LIC Platinum Credit Card(opens in new tab)Apply for LIC IDFC Classic Credit Card(opens in new tab)