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LIC Gold EMV Credit Card VS LIC Platinum 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
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CheQ AU Credit Card

Zero Fees. More Rewards

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CheQ AU Credit Card
LIC Gold EMV Credit Card
LIC Gold EMV Credit Card
LIC Platinum Credit Card
LIC Platinum Credit Card

Fees & Charges

Joining FeeLifetime Free
Joining FeeLifetime Free
Renewal FeeLifetime Free
Renewal FeeLifetime Free
Spend Based WaiverNot applicable.
Spend Based WaiverNot applicable.
Foreign Transaction Fees3.5%.
Foreign Transaction Fees3.5% on the conversion amount.
Interest Rate (APR)2.75% per month (33% p.a.).
Interest Rate (APR)3.6% per month (52.86% per annum).

Rewards & Benefits

Welcome BonusNo joining or renewal fee; no specified welcome voucher or bonus points; benefits begin with ongoing spending and insurance coverage.
Welcome BonusNo explicit welcome voucher or bonus points; listed as NA.
Rewards RateEarn 1 Reward Point (RP) for every ₹150 spent on eligible categories.
Rewards Rate2 Reward Points per ₹100 on LIC premium payments and international spends; 1 Reward Point per ₹100 on other eligible categories (excludes fuel, wallet load, EMI, utilities, government services, education, rent, cash advances).
Reward TypeReward Points
Reward TypeReward Points
Reward Redemption Fee₹30 + GST per redemption.
Reward Redemption Fee₹30 per redemption request.

Travel & Lifestyle

Domestic Lounge Access
Domestic Lounge Access
International Lounge Access
International Lounge Access
Travel Benefits
Travel Benefits
Movie Benefits
Movie Benefits
Dining Benefits
Dining Benefits
Golf Benefits
Golf Benefits
Fuel Surcharge Waiver
2.5% fuel surcharge waiver available at all petrol pumps in India (minimum waiver ₹10).
Fuel Surcharge Waiver1% fuel surcharge waiver on fuel transactions between ₹400 and ₹4000 across all fuel stations in India; maximum benefit up to ₹400 per month.

Security & Other

Insurance BenefitsPersonal accident cover up to ₹1 lakh; credit shield up to ₹50,000 for permanent disability; purchase protection of ₹50,000 for up to 60 days.
Insurance BenefitsComplimentary lost card liability cover up to credit limit (also specified up to ₹50,000); personal accidental insurance of ₹3 lakh; air accidental insurance of ₹1 crore.
Cash Advance Charges2.5% of the amount or a minimum of ₹250.
Cash Advance Charges2.5% on the withdrawal amount, subject to a minimum of ₹500.
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Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

LIC Gold EMV Credit Card

LIC Platinum Credit Card

Who is it for?

The LIC Gold EMV Credit Card is an entry-level, no-fee card designed for first-time users who want straightforward shopping convenience and built-in insurance protection. With zero joining and renewal fees, a modest rewards rate, and flexible credit options including revolving credit and balance transfers, it prioritizes low-cost ownership. Ideal for shoppers seeking basic personal accident, credit shield, and purchase protection coverage without premium perks like travel or lounge access.

Who is it for?

The LIC Axis Bank Platinum Credit Card is a no-fee Visa co-branded card designed for new-to-credit users, LIC policyholders, and international spenders. It delivers elevated Plus Points on LIC premiums and global transactions, a 1% fuel surcharge waiver with a ₹400 monthly cap, and complimentary insurance covers including lost card liability, personal accident, and air accidental benefits. Ideal for those seeking straightforward ownership with solid rewards on key spends, EMI flexibility, and up to 50 days interest-free credit, without movie, dining, or lounge privileges.

Pros

Key benefits and features.

Zero joining and annual fees ensure cost-effective ownership for first-time users.

Personal accident cover up to ₹1 lakh and credit shield up to ₹50,000 for permanent disability.

Purchase protection of ₹50,000 and a 2.5% fuel surcharge waiver at all Indian petrol pumps.

Revolving credit facility with flexible payment options and balance transfer capability.

Interest-free credit period of 15–45 days with customizable credit limits.

Pros

Key benefits and features.

Zero joining and annual fees keep ownership costs low while providing a fee-free entry point for new-to-credit users.

Attractive 2 Reward Points per ₹100 on LIC premium payments and international spends amplify value for policyholders and travelers.

Comprehensive insurance suite including lost card liability up to the credit limit, personal accident cover of ₹3 lakh, and air accidental cover of ₹1 crore.

1% fuel surcharge waiver with a high monthly cap of ₹400 on fuel spends between ₹400 and ₹4000 across India.

Flexible EMI conversion for purchases above ₹2500 and up to 50 days interest-free period enhance repayment ease.

Cons

Key drawbacks and limitations.

High foreign currency markup fee of 3.5% on international spends.

No dedicated movie, dining, travel, lounge, or golf-specific benefits.

Modest rewards earning rate of 1 RP per ₹150 with a 1,000-point minimum redemption.

Rewards redemption fee of ₹30 + GST per transaction.

Relatively high interest rate of 2.75% per month (33% p.a.).

Cons

Key drawbacks and limitations.

No explicit welcome bonus reduces immediate value for new cardholders seeking upfront rewards.

Rewards redemption incurs a ₹30 fee per request, which can erode point value for frequent redemptions.

Higher foreign currency markup of 3.5% and cash advance charge of 2.5% (minimum ₹500) compare unfavorably to select premium cards.

Elevated interest rate of 3.6% per month (52.86% per annum) increases costs for revolving balances.

Absence of movie, dining, travel, and lounge benefits limits lifestyle utility for entertainment-focused users.

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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