IDFC FIRST Bank LIC Select Credit Card
IDFC FIRST Bank
Annual / renewal fee
Rs. Nil (Annual/Yearly Fee).
VerifiedMost Important Terms & Conditions (MITC) - LIC Cards30 Jul 2026, 8:10 AM ISTIDFC FIRST Bank
Earn rate
- 10X Reward Points on paying LIC policy premium.
- 5X Reward Points on Essentials & other eligible spends.
- Base 1X = 1 Reward Point per ₹125 spent.
- (5X Rewards on Essentials - Grocery, Utilities, Railways, FASTag, Education and Government payments).
VerifiedLIC Select Product Guide / Rewards & Program Terms30 Jul 2026, 8:10 AM ISTIDFC FIRST Bank
This is the issuer's own page for this card. We earn nothing from this link.
You'll land on the issuer's official application portal at idfcfirst.bank.in — if a different card is shown first, use its card selector to pick this one.
This is the issuer's own page for this card. We earn nothing from this link.
You'll land on the issuer's official application portal at idfcfirst.bank.in — if a different card is shown first, use its card selector to pick this one.
Overview
LIC Select Credit Card by IDFC FIRST Bank. Facts on this page are extracted and verified automatically from official issuer documents.
Fees
Joining fee
Rs. Nil (Joining Fee).
VerifiedKey Fact Statement (KFS)30 Jul 2026, 8:10 AM ISTIDFC FIRST Bank
Annual / renewal fee
Rs. Nil (Annual/Yearly Fee).
VerifiedMost Important Terms & Conditions (MITC) - LIC Cards30 Jul 2026, 8:10 AM ISTIDFC FIRST Bank
Fee waiver
- Utility, Fuel, Passenger Railways, Tolls and Bridges spends within stated statement-cycle limits will not attract the 1% fee (Utility up to ₹20,000; Fuel up to ₹30,000; Passenger Railways up to ₹25,000; Tolls and Bridges up to ₹10,000).
- Fuel Spends within ₹30,000 limit per statement cycle will not attract this fee.
VerifiedKey Fact Statement (KFS)30 Jul 2026, 8:10 AM ISTIDFC FIRST Bank
Renewal fee
Rs. Nil (Annual and Renewal Membership Fee is NIL for LIC Select Credit Card).
VerifiedMost Important Terms & Conditions (MITC) - LIC Cards30 Jul 2026, 8:10 AM ISTIDFC FIRST Bank
Rewards
- 10X Reward Points on paying LIC policy premium.
- 5X Reward Points on Essentials & other eligible spends.
- Base 1X = 1 Reward Point per ₹125 spent.
- (5X Rewards on Essentials - Grocery, Utilities, Railways, FASTag, Education and Government payments).
VerifiedLIC Select Product Guide / Rewards & Program Terms30 Jul 2026, 8:10 AM IST
Redemption value
- On Travel & Shop Platform: Reward Points can be redeemed at 1 Point = ₹0.25, up to 70% of the total booking value (incl. tax).
- Rest paid via the IDFC FIRST Bank Credit Card.
VerifiedLIC Select Rewards/Program Terms - Bonus Reward Points (Travel & Shop via App)30 Jul 2026, 8:10 AM ISTIDFC FIRST Bank
Reward cap
- Reward Points earned on spends on essentials category (Utility, Grocery, Railways, Education and Government) are capped at 600 Reward Points per month.
- Maximum of 5 LIC insurance premium payments in a statement cycle are eligible for Rewards.
VerifiedLIC Select Product Guide / Rewards & Program Terms30 Jul 2026, 8:10 AM ISTIDFC FIRST Bank
Reward exclusion
VerifiedLIC Select Product Guide / Rewards & Program Terms30 Jul 2026, 8:10 AM ISTIDFC FIRST Bank
Travel & lounge
Lounge access
- Complimentary Domestic Airport lounge access twice every calendar quarter subject to minimum spends of ₹20,000 in the previous month.
- Complimentary Railway lounge access 4 per calendar quarter.
VerifiedLIC Select Product Guide / Rewards & Program Terms30 Jul 2026, 8:10 AM ISTIDFC FIRST Bank
Travel benefit
- Travel insurance Cover of ₹4,000 each on Loss of Checked-In Baggage, delay of Checked-In Baggage, Loss of Passport & other documents and flight delay.
- Complimentary Road-Side Assistance worth ₹1,399.
VerifiedLIC Select Product Guide / Rewards & Program Terms30 Jul 2026, 8:10 AM ISTIDFC FIRST Bank
Dining, golf, concierge, insurance, milestones & welcome
Welcome benefit
- Earn 2000 Reward Points on spending first ₹10,000 within 30 days of card set up.
- And 5% Cashback up to ₹1000 on first EMI transaction done within 30 days of card set up.
- Plus exciting merchant offers worth ₹1,500+.
VerifiedLIC Select Product Guide / Rewards & Program Terms30 Jul 2026, 8:10 AM ISTIDFC FIRST Bank
Dining benefit
Up to 15% discount on dining across 300+ cities.
VerifiedLIC Select Product Guide / Rewards & Program Terms30 Jul 2026, 8:10 AM ISTIDFC FIRST Bank
Insurance
- Cover of ₹50,000 each on Lost card liability, Credit Shield & Purchase Protection.
- Personal Accident Cover of ₹5L.
- Air Accident Cover of ₹1 Crore.
- Cardholders must make minimum one Credit Card transaction every month to continue enjoying the complimentary insurance benefit.
VerifiedLIC Select Product Guide / Rewards & Program Terms30 Jul 2026, 8:10 AM ISTIDFC FIRST Bank
Eligibility
Eligibility
- Activate your Credit Card within 30 Days of card issuance to avoid closure.
- To go-green, e-statement will be sent by email & SMS only.
VerifiedLIC Select Product Guide / Rewards & Program Terms30 Jul 2026, 8:10 AM ISTIDFC FIRST Bank
Charges & interest
Forex markup
- Markup Charges on foreign currency transaction: 3.5% (LIC Select Credit Card, per MITC).
- 1.99% per Key Fact Statement Schedule of Charges (FIRST Select Credit Card, Employee Credit Card = 1.99%).
- Note: sources differ.
VerifiedMost Important Terms & Conditions (MITC) - LIC Cards30 Jul 2026, 8:10 AM ISTIDFC FIRST Bank
Fuel surcharge waiver
1% Fuel Surcharge Waiver up to ₹300 per statement cycle for fuel transactions between ₹200 to ₹5,000.
VerifiedLIC Select Product Guide / Rewards & Program Terms30 Jul 2026, 8:10 AM ISTIDFC FIRST Bank
Interest-free period
- Interest-free (grace) period shall not exceed 48 Days and will vary depending on the date of the transaction and statement date.
- Not applicable if the previous month's statement balance has not been cleared in full on or before the due date.
VerifiedMost Important Terms & Conditions (MITC) - LIC Cards30 Jul 2026, 8:10 AM ISTIDFC FIRST Bank
Transfers
Not published in the official documents on file — see the official T&C link below.
Common questions
What is the annual fee on the LIC Select Credit Card?
Nil (Annual/Yearly Fee).
Most Important Terms & Conditions (MITC) - LIC CardsIs the LIC Select Credit Card annual fee ever waived?
Utility, Fuel, Passenger Railways, Tolls and Bridges spends within stated statement-cycle limits will not attract the 1% fee (Utility up to Rs. 20,000; Fuel up to Rs. 30,000; Passenger Railways up to Rs. 25,000; Tolls and Bridges.
Key Fact Statement (KFS)How does the LIC Select Credit Card earn rewards?
10X Reward Points on paying LIC policy premium.
LIC Select Product Guide / Rewards & Program TermsWhat lounge access does the LIC Select Credit Card include?
Complimentary Domestic Airport lounge access twice every calendar quarter subject to minimum spends of Rs. 20,000 in the previous month.
LIC Select Product Guide / Rewards & Program TermsWhat welcome benefit does the LIC Select Credit Card offer?
Earn 2000 Reward Points on spending first Rs. 10,000 within 30 days of card set up; and 5% Cashback up to Rs. 1000 on first EMI transaction done within 30 days of card set.
LIC Select Product Guide / Rewards & Program TermsWhat are the transfer ratios for LIC Select Credit Card points?
Transfer ratios are not shown here as a confident value. Confirm the current ratio in your issuer account before transferring.
Other verified details
Not published in the official documents on file — see the official T&C link below.
Official documents & verification
Official terms
https://www.idfcfirst.bank.in/credit-card/lic-credit-card.
VerifiedLIC Select Credit Card product page30 Jul 2026, 8:10 AM ISTIDFC FIRST Bank
Verified 2026-07-30 · facts from the official issuer page. Issuers may change fees, earn rates, lounge counts and waivers without notice — always confirm before applying.
( Continue exploring )