M16S / IDFC First Bank / IDFC LIC Classic Credit Card
entry · cobrand, rewards, lifetime-free
IDFC LIC Classic Credit Card
The IDFC LIC Classic Credit Card charges no annual fee and no joining fee. Its base return is 0.6% (3 points per Rs 125). Accelerated earn: 6 points per Rs 125 on LIC premiums paid on licindia.in. The forex markup is 0%. Lounge visits in India: 1 per quarter (aggregator page is inconsistent). Read from the issuer's documents and an aggregator on 11 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- 0.6%
- Forex markup
- 0%
- Interest
- —
Apply on idfcfirst.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Fee notes | Lifetime free (aggregator). |
Rewards
| Welcome benefitunverified | 1,000 points on Rs 5,000 spend within 30 days (aggregator) |
|---|---|
| Reward currency | Reward Points |
| Base earnunverified | 3 points per Rs 125 |
| Base returnunverified | 0.6% |
| Point valueunverified | 1 point = Rs 0.25 |
| Accelerated earnunverified | 6 points per Rs 125 on LIC premiums paid on licindia.in |
| Capsunverified | First 5 LIC premium payments per cycle; essentials share a 300-point monthly cap |
| Spends that earn nothingunverified | Rent, fuel, non-LIC insurance, cash advances, EMI conversions |
| Points expiryunverified | 3 years |
| Reward notes | base_return_pct = 3 points per Rs 125 x Rs 0.25 = 0.6%. All from cardadvisor.in; the issuer LIC page details only LIC Select. |
Travel and perks
| Domestic loungeunverified | 1 per quarter (aggregator page is inconsistent) |
|---|---|
| International lounge | None |
| Forex markup | 0% |
| Fuel surcharge waiverunverified | 1% on Rs 200-5,000 txns, cap Rs 200 per cycle |
Charges and eligibility
| Late payment fee | 15% of total amount due, min Rs 100, max Rs 1,300 |
|---|---|
| Cash advance fee | Rs 199 + GST per withdrawal; interest-free up to 45 days; max Rs 10,000 per withdrawal |
| Eligibilityunverified | Age 21-60, income Rs 25,000 a month (aggregator) |
| Fine-print notes | Fair-usage fee of 1% if FASTag recharges exceed Rs 10,000 or railway spends exceed Rs 25,000 in a cycle (aggregator). |
Questions
- What is the annual fee of the IDFC LIC Classic Credit Card?
- No annual fee.
- Does the IDFC LIC Classic Credit Card give airport lounge access?
- Yes. In India: 1 per quarter (aggregator page is inconsistent). Outside India: none listed.
- What is the forex markup on the IDFC LIC Classic Credit Card?
- 0% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the IDFC LIC Classic Credit Card?
- Rent, fuel, non-LIC insurance, cash advances, EMI conversions