LIC Platinum Credit Card Details

For LIC Credit Cards Contact: 8121520197

As a Platinum cardholder, get ready to dive into a remarkable world of privileges and benefits, custom made only for you. The LIC Platinum credit card offers deals and discounts across various categories namely, dining, shopping, accommodation, travel, and lifestyle. Customers can also get complimentary insurance cover, bonus rewards, and fuel surcharge waiver benefits when they procure a LIC Platinum credit card.

Features and Benefits of LIC Platinum Credit Card

PlusPoints Rewards Program	Platinum card holders can earn 1 reward point for every Rs. 100 spent. As bonus rewards, customers can get 2 rewards points for every Rs. 100 spent for paying LIC premium and on international purchases.
Insurance	Personal Accident Cover of Rs.3 lakh and Air Accidental Insurance worth Rs.1 crore.
Cash Withdrawals:	Card members can make quick cash withdrawals at ATMs across the country using their LIC Platinum credit card.
EMI Option:	LIC Platinum credit card holders can easily change their high-value purchases over an amount of Rs.2500 into monthly installments
Loan on a LIC Platinum Credit Card:	Repayments can be made at low-interest rates. EMI conversions can be done by customers an interest rate of 1.5% per month, which is usually calculated on a monthly reducing balance.
Add-on Cards:	LIC Platinum credit card customers can get up to 3 add-on cards for their spouse, parents-in-laws, parents, children, or siblings above the age of 15
Fuel Surcharge Waiver:	Fuel surcharge of 1% waived on all fuel purchases.
Balance Transfer:	Platinum members can transfer the outstanding balance from other bank credit card to their existing Platinum credit cards.

LIC Platinum Credit Card Fees & Charges

Type of Charge	Amount
Annual Fee	NIL
Add-on Card Joining Fees / Annual Fees	NIL
Interest-free Credit Period	Up to 50 days
Finance Charge	3.25% per month
Cash withdrawal Fee	2.5% of the cash limit / A minimum of Rs.250.
Duplicate Statement Fee	Waived off
Cheque return / dishonor Fee	Rs. 300
Card replacement Fees	Waived off
Late Payment Fee	If the outstanding payment is Rs.300 - Nil Between Rs.301 and Rs.500 - Rs.100 Between Rs.501 and Rs.1,000 – Rs.500 Between Rs.1,001 and Rs.10,000 – Rs.750 Between Rs.10,001 and Rs.25,000 – Rs.950 Between Rs.25,001 and Rs.50,000 – Rs.1,000 More than Rs.50,000 – Rs.1,200
Balance Enquiry Charges	Waived off
Transaction Alert Charges	Waived
Fuel Transaction Surcharge	Waived off
Dial-an-EMI: Interest rates	1.5% for 3, 6, 12 and 24 months Processing fee - 1.5% or Rs. 150, whichever is higher
Copy Request Fee	Waived off
PlusPoint Redemption Fee	Rs. 30 / request
Copy Request Fee / Charge slip Retrieval Fee	Waived off
Foreign Currency Transaction Fee	3.50% of the transaction amount

LIC Platinum Credit Card Eligibility Criteria

The applicant for a Platinum Credit card should show a net income of Rs. 5,00,000 and above, per annum. The LIC Platinum card can be availed at seven cities across India.

Documents Required for LIC Platinum Credit Card:

The applicant’s payslip showing a gross salary of Rs. 42,000 should be submitted to LIC.

LIC Platinum Credit Card FAQs

1. How can Platinum customers redeem their accrued rewards points?

   LIC Platinum credit card customers have to call the LIC credit card customer care desk to make a redemption request.

2. Can Platinum credit card holders set auto-debits on their bank accounts for making bill payments?

   Yes, customers can set the direct debit facility on their Axis Bank accounts to make payments for a LIC Platinum credit card.

3. Can Platinum customers register for LIC premium payments using their LIC credit cards?

   Yes, customers have to submit the filled-in LIC Premium Payment Registration Form to ensure that premium payments are done through their LIC Platinum credit cards.

4. Can customers track the status of an application made for a Platinum credit card?

   Yes, Platinum credit card applications can be tracked by entering the application ID on the LIC website.

5. Can I make payments towards my LIC Platinum credit card online?

   Yes, customers can make online bill payments for a Platinum credit card by entering their credit card and bank account details, make their payments and receive an online confirmation from LIC.