M16S / IDBI Bank / IDBI LIC Eclat Select Credit Card
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IDBI LIC Eclat Select Credit Card
The IDBI LIC Eclat Select Credit Card charges no annual fee and no joining fee. Its base return is 1% (4 Delight Points per Rs 100). Accelerated earn: 2X Delight Points on LIC premium payments (cardinsider, 2021). The forex markup is 3.5%. Lounge visits in India: 2 complimentary (period not stated). Abroad: 2 complimentary (period not stated). Read from the issuer's documents and an aggregator on 11 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- 1%
- Forex markup
- 3.5%
- Interest
- 3.4%a month
Apply on idbibank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Fee notes | Joining, annual and renewal fees nil (MITC). Closure within 1 year costs Rs 999. Reward redemption fee Rs 99 per redemption. |
Rewards
| Welcome benefitunverified | 1,500 points on Rs 10,000 spend within 60 days of set-up (cardinsider, 2021) |
|---|---|
| Reward currency | Delight Points |
| Base earnunverified | 4 Delight Points per Rs 100 |
| Base returnunverified | 1% |
| Point valueunverified | Not stated for LIC cards; Rs 0.25 per point on other IDBI Delight cards |
| Accelerated earnunverified | 2X Delight Points on LIC premium payments (cardinsider, 2021) |
| Reward notes | Earn rates from a 2021 cardinsider article (updated Oct 2024); base_return_pct assumes Rs 0.25 per Delight Point. Rs 99 fee per redemption reduces the return on small redemptions. |
Travel and perks
| Domestic loungeunverified | 2 complimentary (period not stated) |
|---|---|
| International loungeunverified | 2 complimentary (period not stated) |
| Lounge conditions | Aggregator only; RuPay lounge programme. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% waiver on fuel transactions of Rs 400 to Rs 5,000, capped at Rs 500 per month |
| Other freebiesunverified | Accidental death cover Rs 25 lakh plus accidental death / permanent disability cover Rs 10 lakh. Up to 2 free add-on cards. |
Charges and eligibility
| Interest per month | 3.4% |
|---|---|
| Late payment fee | Statement balance up to Rs 500: nil; Rs 501-5,000: Rs 400; Rs 5,001-10,000: Rs 500; Rs 10,001-20,000: Rs 750; above Rs 20,000: Rs 950 |
| Cash advance fee | 2.5% of amount or Rs 500, whichever is higher; interest from transaction date |
| Eligibilityunverified | LIC policyholders, agents and employees, and those of LIC subsidiaries/associates (cardinsider) |
| Fine-print notes | MITC / Key Fact Statement: over-limit fee 2.5% of over-limit amount (min Rs 500); cheque/auto-debit return Rs 500; cash deposit at branch for card payment Rs 200; card replacement Rs 200; balance transfer fee 1.5% or Rs 199; minimum due 5% or Rs 200; interest-free period 18 to 48 days, lost if the previous balance is unpaid. Max cash withdrawal Rs 15,000 a day. Not valid for foreign-currency transactions in Nepal or Bhutan. Card must be activated within 30 days. IDBI's individual product pages block automated reading (robots), so reward, welcome and lounge terms come from cardinsider and the bank hub page, which only says Delight Points are earned on all spends and can be redeemed as cashback. Co-branded with LIC CSL, launched 2021 on RuPay. Still listed in IDBI's current MITC and Key Fact Statement, so recorded as open; whether new cards are still being sourced was not confirmed. Interest 3.4% p.m. (40.8% p.a.). Cash limit 20%. |
Questions
- What is the annual fee of the IDBI LIC Eclat Select Credit Card?
- No annual fee.
- Does the IDBI LIC Eclat Select Credit Card give airport lounge access?
- Yes. In India: 2 complimentary (period not stated). Outside India: 2 complimentary (period not stated). Conditions: Aggregator only; RuPay lounge programme.
- What is the forex markup on the IDBI LIC Eclat Select Credit Card?
- 3.5% of each foreign-currency transaction, before GST.