LIC Axis Bank Signature Credit Card benefits
- Fees
Lifetime free: no joining or annual fee
- Rewards2
points per ₹100 on LIC premiums and foreign spends
- Rewards1
point per ₹100 on other spends
- Lounge8
domestic lounge visits a year
- Rewards
About ₹0.95 a point on Axis gift cards
LIC Axis Bank Signature Credit Card rewards and cashback
| Where you spend | Rate | Monthly limit |
|---|---|---|
| LIC premium2 reward points per ₹100 on LIC premium payments made through LIC's official channels, and on foreign currency spends. | 2 points per ₹100 | None |
| Everything else | 1 points per ₹100 | None |
We value one point at ₹0.95 in the usual redemption.
No rewards on: Fuel, wallet loads, EMI conversions, gift card purchases, bridge and road tolls.
All reward rules
- Points are redeemed from the LIC Axis rewards catalogue. For this card, a ₹1,000 Axis Bank gift card costs 1,050 points, about ₹0.95 a point.
- Points expire 12 months after they are earned.
- 100% cashback up to ₹300 on the first utility bill paid within 30 days of card issue.
- Axis Bank revised its general card terms from 28 August 2026, including a 3.5% markup on dynamic currency conversion.
What the LIC Axis Bank Signature Credit Card gives back in a year
Say you spend ₹30,000 a month, like our “online shopper” pattern, using LIC premium where the card pays extra. Worked out with the same maths as the calculator above.
| Spending | A month | Back | A year |
|---|---|---|---|
| Groceries | ₹3,000 | 0.95% | ₹342 |
| Dining and food delivery | ₹2,000 | 0.95% | ₹228 |
| Online shopping | ₹18,000 | 0.95% | ₹2,052 |
| Travel | ₹1,000 | 0.95% | ₹114 |
| Fuel | ₹1,000 | 0% | ₹0 |
| Bills and utilities | ₹2,000 | 1.9% | ₹456 |
| Everything else | ₹3,000 | 0.95% | ₹342 |
| Total | ₹30,000 | ₹3,534 | |
| Renewal fee with GST | None | ||
| You keep | ₹3,534* |
LIC Axis Bank Signature Credit Card annual fee and charges
- Joining fee
- Free
- Annual fee
- Free
- Fee waiver
- Not needed
- Foreign currency markup
- 3.5%
Axis Bank lists nil joining and annual fees. A ₹30 plus GST handling charge applies to each reward redemption.
Fuel surcharge: 1% fuel surcharge waiver on transactions from ₹400 to ₹4,000, up to ₹400 a month.
LIC Axis Bank Signature Credit Card eligibility
- Age
- 18 to 70
Resident Indians aged 18 to 70.
The bank alone decides approval and your credit limit.
LIC Axis Bank Signature Credit Card lounge access
8 domestic visits a year. Banks often set a spend condition, so read the reward rules above.
8 complimentary visits a calendar year at select domestic airport lounges.
Is the LIC Axis Bank Signature Credit Card right for you?
A lifetime free card, paying 1.9% at LIC premium and an average 0.95% elsewhere.
Good for you if
- You spend a lot at LIC premium: the card pays 1.9% back there, against 0.95% on most other spends.
- You want a card to keep for years without paying a yearly fee, which also builds a long credit history.
- You fly a few times a year: it includes 8 domestic airport lounge visits a year.
Not for you if
- You rarely use LIC premium: outside it the card pays 0.95%.
Check the latest fees and terms on the bank's page before you apply.
Alternatives to LIC Axis Bank Signature Credit Card
Two similar cards to weigh up before you apply. The last column shows what each may be worth on ₹30,000 a month of mixed spending, after the renewal fee with GST. Rates paid only at named brands are not counted, so a brand card can earn more if you shop there.
| Card | Annual fee | Rewards up to | You keep a year |
|---|---|---|---|
| LIC Axis Bank Signature Credit Card | Free | 1.9% | ₹3,078* |
| HSBC Visa Platinum Credit Card | Free | 1.18% | ₹4,261* |
| Kiwi RuPay Credit Card on UPI | Free | 1.5% | ₹3,360* |
If most of your spending looks like the example above, the HSBC Visa Platinum Credit Card may suit you better: it would leave you ₹4,261 a year, against ₹3,534 with the LIC Axis Bank Signature Credit Card.
*Estimate only, not a promise. We work it out from the bank's published terms and the spending you enter. What you actually get depends on the bank, your transactions and any change in its terms.
Frequently asked questions
Is the LIC Axis Bank credit card free?
Yes. Axis Bank lists nil joining and annual fees for the LIC Axis Bank Signature Credit Card.
How many points do I get on LIC premium payments?
2 reward points per ₹100 on LIC premiums paid through LIC's official channels. Other spends earn 1 point per ₹100.
How much is a point worth?
In the LIC Axis rewards catalogue, a ₹1,000 Axis Bank gift card costs 1,050 points on this card, about ₹0.95 a point. Each redemption has a ₹30 plus GST handling charge.
Does the card give lounge access?
Yes. 8 complimentary visits a calendar year at select domestic airport lounges.
Who can apply?
Resident Indians aged 18 to 70. Axis Bank decides on each application.