IDFC FIRST Bank LIC Select Credit Card
Not rated yet - COFFER rates a card only after reading every document the bank publishes for it. How we rate
Open to new applications · Earns points
First-year fee
There is absolutely no Joining/ Membership/ Annual fee applicable on LIC IDFC FIRST Bank Credit Cards.
Annual fee
There is absolutely no Joining/ Membership/ Annual fee applicable on LIC IDFC FIRST Bank Credit Cards.
What it gives back
10X Rewards on LIC Insurance Premium spends; 5X Rewards on Essentials (Grocery, Utilities, Railways, FASTag, Education and Government payments) up to 600 RP per month; 5X Rewards on all Other spends; 1X = 1 Reward point per ₹125 spent
How it compares
Compared with the cards we have read
Fees
Joining fee
There is absolutely no Joining/ Membership/ Annual fee applicable on LIC IDFC FIRST Bank Credit Cards.
Annual fee
There is absolutely no Joining/ Membership/ Annual fee applicable on LIC IDFC FIRST Bank Credit Cards.
Welcome offer
Welcome benefit
2,000 Rewards on spending first ₹10,000 within 30 days of card generation; 5% cashback (up to ₹1000) on the transaction value of first EMI done within 30 days of card generation
Rewards
Reward rate
10X Rewards on LIC Insurance Premium spends; 5X Rewards on Essentials (Grocery, Utilities, Railways, FASTag, Education and Government payments) up to 600 RP per month; 5X Rewards on all Other spends; 1X = 1 Reward point per ₹125 spent
Groceries earning
5X Rewards on Essentials (Grocery, Utilities, Railways, FASTag, Education and Government payments) up to 600 RP per month
Insurance spend earning
Rewards on LIC Insurance premium spends apply only if the premium is paid through LIC Of India’s official website
Travel earning
Via the IDFC First Mobile app: 45 Bonus Reward Points per ₹125 on hotel bookings, and 20 Bonus Reward Points per ₹125, over and above base rewards.
Reward exclusions
Reward program not applicable on Fuel, Rental, Non-LIC Insurance spends, EMI transactions & Cash withdrawals
Reward caps
Maximum of first 5 LIC insurance premium payments in a statement cycle are eligible for accelerated Reward Points
Catalogue redemption
Reward point value: 1 Reward point = ₹0.25.
Voucher and product redemption
Rewards can be redeemed anywhere online, even to fund your next LIC premium payment, and against offers at firstrewards.in.
Point expiry
Rewards earned on LIC IDFC FIRST Bank Credit Cards have a validity of 3 years.
Card benefits
Domestic lounge access
2 complimentary Domestic Airport Lounge access per quarter.
International lounge access
No international access
Hotel or travel programme
4 complimentary Railway Lounge access per quarter.
Also included
Fuel surcharge waiver
Fuel surcharge waiver of 1%, at all fuel stations across India, up to ₹300/month. Applicable only on transaction values between ₹200 & ₹5000
Air accident cover
Air Accident cover of ₹1 Crore.
Insurance benefit
Personal Accident Cover of ₹5,00,000.
Lost card liability
Lost Card Liability Cover of ₹50,000.
Travel insurance
Travel Insurance cover of ₹4,000 each on Loss or Delay of Checked-In Baggage, Loss of Passport & other documents and Delay in Flight.
Balance transfer terms
Balance transfer privilege: convenient transfer of balances from your other bank credit cards; eligibility norms apply.
Purchase to EMI conversion
Instant EMI conversion for all eligible online transactions on the bank’s OTP page, and conversion of all eligible transactions into EMIs from the mobile app.
Charges
Forex markup
0%
Cash advance fee
Cash Advance Fee of only ₹199 per transaction; interest free cash withdrawals for up to 45 days
Interest on unpaid balance
8.5% - 46.2% per annum.
Interest-free period
48 days interest-free when you pay in full.
Late payment fee
15% of Total Amount Due (subject to a minimum of ₹100 and a maximum of ₹1300)
Eligibility
Eligibility
Existing IDFC FIRST Bank Credit Cardholders are not eligible to apply.
In the terms, not the brochure (1)
What must be paid with the card for the cover to apply
Valid on doing at least one transaction on LIC Select Credit Card in last 30 days.