LIC Gold EMV Credit Card VS LIC Platinum Credit Card VS LIC Platinum EMV Credit Card VS LIC Signature Credit Card
Fees & Charges
Rewards & Benefits
Travel & Lifestyle
Security & Other
LIC Gold EMV Credit Card
LIC Platinum Credit Card
LIC Platinum EMV Credit Card
LIC Signature Credit Card
Who is it for?
Who is it for?
Who is it for?
Who is it for?
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.
Pros
Key benefits and features.
Lifetime-free with zero joining and renewal fees, ideal for cost-conscious users seeking a simple card.
Temporary credit limit enhancement up to 30% provides short-term flexibility for larger purchases.
Revolving credit and flexible payment choices allow Minimum Amount Due, partial, or full payments each cycle.
VISA Bill Pay for over 120 billers simplifies utility and service payments with a single card.
Balance transfer and EMI conversion options add repayment flexibility for eligible purchases after one year.
Pros
Key benefits and features.
Zero joining and annual fees ensure fee-free ownership for conservative spenders and first-time users.
Strong reward rates on international spends and LIC premiums deliver enhanced value on routine outflows.
Comprehensive insurance coverage up to Rs 1 Crore provides robust financial protection for travel and life risks.
Complimentary domestic lounge access offers tangible lifestyle perks without annual spend thresholds.
Fuel surcharge waiver up to Rs 400 per month reduces transaction costs on everyday fuel purchases.
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.
Cons
Key drawbacks and limitations.
Limited reward value at ₹0.50 per point with no accelerated or milestone rewards to boost earnings.
No movie, dining, travel, or lounge benefits, making it unsuitable for premium lifestyle seekers.
EMI options require one year of satisfactory account operations, delaying access for new users.
Cash advance fees and interest rates are high, increasing costs for cash withdrawals and revolving credit.
Reward redemption incurs a ₹30 fee per request and requires a 500-point minimum, reducing small redemptions.
Cons
Key drawbacks and limitations.
No welcome or milestone benefits limit upfront and incremental value compared to premium competitors.
Lounge access is restricted to domestic locations only, excluding international travel convenience.
Rewards redemption is confined to the LIC catalog, reducing flexibility versus open-network programs.
Eligibility requires a minimum net income of Rs 15 lakhs, which may exclude entry-level earners.
Absence of movie and dining privileges narrows the card’s utility for entertainment-focused users.