LIC Axis Bank Platinum Credit Card
Axis Bank · Visa · Entry card
It gives LIC policyholders a no-fee RuPay option and retains useful value even for light premium payments.
LIC policyholders who want lifetime-free UPI capability and simple rewards.
Terms checked 23 Sept 2026
- Annual fee
- Lifetime free
- Joining fee
- ₹0
- Base reward rate
- 0.2%
- Forex markup
- 3.5%
Reward rates by spending category
Published catalogue rates before caps and merchant-category exclusions.
| Category | Recorded rate |
|---|---|
| International spending | 0.4% |
| Online shopping | 0.2% |
| Groceries & essentials | 0.2% |
| Dining & delivery | 0.2% |
| Travel & hotels | 0.2% |
| Beauty & wellness | 0.2% |
| Entertainment & movies | 0.2% |
| Healthcare & pharmacy | 0.2% |
| Subscriptions & streaming | 0.2% |
| Offline store shopping | 0.2% |
| Insurance premiums | 0.2% |
| Other miscellaneous | 0.2% |
| Fuel & commute | 0% |
| Bills & utilities | 0% |
| Education & family | 0% |
| Gold & jewellery | 0% |
| House rent | 0% |
Caps and fee waiver
- Reward caps
- No general cap recorded
- Annual fee waiver
- Not needed
- Monthly income requirement
- Not listed
Airport lounge access
No complimentary airport lounge access recorded
Benefits & conditions
Expand a category to see recorded benefits, fees and eligibility, with conditions and links to the sources. Categories without recorded details are grouped below; missing information does not mean a benefit is unavailable.
Rewards and cashback · 5 items
LIC premium rewards
Usage-based valueTwo EDGE Reward Points per ₹100 only when the payment is identified as an eligible LIC premium.
Conditions: Two EDGE Reward Points per ₹100 only when the payment is identified as an eligible LIC premium.
International rewards
Usage-based valueTwo EDGE Reward Points per ₹100 on eligible foreign-currency purchases.
Other eligible rewards
Usage-based valueOne EDGE Reward Point per ₹100 on other eligible purchases; generic non-LIC insurance uses this fallback.
Two EDGE points per ₹100 on eligible LIC premium and international transactions
Shown without a cash valueOne EDGE point per ₹100 on other eligible purchases
Shown without a cash value
Fees · 1 item
Lifetime-free annual fee
Recorded value ₹-0No annual card fee is recorded under the currently reviewed terms.
Foreign-currency charges · 1 item
Foreign-currency markup
Usage-based value3.5% foreign-currency markup before applicable tax.
Conditions: Applies to eligible foreign-currency transactions
Eligibility and availability · 1 item
Application eligibility
Shown without a cash valueApplication availability: open. No universal verified numeric income threshold is used as a hard filter. Axis Bank does not publish one universal numeric income threshold for LIC Platinum.
Other benefits · 5 items
Zero lost-card liability after timely reporting, up to the assigned credit limit
Shown without a cash value1% fuel-surcharge waiver on ₹400-₹4,000 transactions, capped at ₹400 monthly
Shown without a cash valueWednesday Delight partner offers are time-bound discounts and are not counted as guaranteed annual value
Shown without a cash valueLifetime-free LIC co-brand card
Shown without a cash value1% fuel-surcharge waiver capped at ₹400 monthly
Shown without a cash value
Other categories (13)
These categories have no detailed entries. We distinguish confirmed absences from information that still needs review.
Fee waiver
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Welcome benefits
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Spend milestones
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Card tiers
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Airport lounge access
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Movies and entertainment
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Travel privileges
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Dining
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Golf
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Insurance and protection
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Fuel benefits
Details not yet availableThe reviewed issuer sources publish this benefit; its exact conditions are retained in the card benefit profile.
Official source 1 ↗Official source 2 ↗Memberships
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Concierge
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗
What stands out
- ✓ Lifetime-free LIC co-brand card
- ✓ Two EDGE points per ₹100 on eligible LIC premium and international transactions
- ✓ One EDGE point per ₹100 on other eligible purchases
- ✓ 1% fuel-surcharge waiver capped at ₹400 monthly
What to watch
The current product is not advertised as RuPay/UPI. The higher insurance rate applies only to identified LIC premium transactions, many regulated categories earn no points, and no current accident-cover benefit is published.
Recorded exclusions
Bills Utilities · Education Family · Rent · Gold Jewellery · Fuel Commute · Wallet load · Government payments · Cash withdrawal · Card repayments
How GainFair evaluates this card
The personal card advisor applies your monthly spending to category rates, limits rewards at the applicable caps, adds eligible movie, milestone and lounge value, and subtracts annual fees plus foreign-currency markup and GST. It can recommend keeping your current cards when a new card does not create enough incremental value.
Affiliate disclosure: Affiliate link · GainFair may earn a commission if you complete a qualifying action. You pay nothing extra, and compensation never affects recommendations or rankings. Read the full disclosure.
Compare against
These cards have the closest mix of purpose, reward style, fee model and tier. They are suggestions for comparison, not rankings.
Card change history
Material changes verified against dated issuer notices. Effective dates can differ from announcement dates.
- Value reduced
Reward exclusions expanded
Axis Bank applied the current exclusion schedule to LIC Platinum reward earning.
- Before
- The earlier reward exclusion schedule applied.
- After
- Utilities, telecom, education, rent, wallet, government, jewellery, fuel and cash-like transactions do not earn points.
Checked 23 Sept 2026LIC Axis Platinum current terms ↗
Issuer sources
Open the sources used for this card's product details, rewards, fees and eligibility.
Sources checked 23 Sept 2026 · Latest recorded change effective 20 Jun 2025