M16S / Axis Bank / LIC Axis Bank Credit Cards (Platinum / Signature)
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LIC Axis Bank Credit Cards (Platinum / Signature)
The LIC Axis Bank Credit Cards (Platinum / Signature) charges no annual fee and no joining fee. It earns 1 Reward Point per Rs 100 on all other transactions (both variants). Accelerated earn: 2 Reward Points per Rs 100 on LIC premium payments and foreign currency transactions (both variants). The forex markup is 3.5%. Read from the issuer's own documents on 12 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- —
- Forex markup
- 3.5%
- Interest
- 3.75%a month
Apply on axis.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Fee notes | MITC: nil joining and annual fee for LIC credit cards |
Rewards
| Welcome benefit | Signature: 100% cashback up to Rs 300 on first utility bill payment within 30 days of issuance. Platinum: none stated. |
|---|---|
| Reward currency | Reward Points (LIC card rewards catalogue) |
| Base earn | 1 Reward Point per Rs 100 on all other transactions (both variants) |
| Point value | Not stated; points redeem for e-vouchers, gift cards and products by calling customer care (1800 419 0064) |
| Accelerated earn | 2 Reward Points per Rs 100 on LIC premium payments and foreign currency transactions (both variants) |
| Spends that earn nothing | Fuel, wallet loads and EMI conversions |
| Reward notes | base_return_pct null: rupee value of a Reward Point is not stated on the issuer pages. Reward redemption fee: Platinum Rs 30; Signature none (issuer pages). |
Travel and perks
| Domestic lounge | Signature: 8 per calendar year at select domestic airports. Platinum: none stated. |
|---|---|
| Lounge conditions | Needs Rs 50,000 eligible spend in previous 3 calendar months (from 1 May 2024); waived in issuance month + next 3 months; guests paid |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on Rs 400-4,000 fuel transactions, max Rs 400 a month (both variants) |
| Other freebies | Lost card liability insurance cover up to the credit limit; Wednesday offers. Signature page also lists Dining Delights. |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | Nil up to Rs 500 due; Rs 500 (501-5,000); Rs 750 (5,001-10,000); Rs 1,200 (10,001-50,000); Rs 1,300 above 50,000; plus Rs 100 per cycle if minimum due is missed two cycles running |
| Cash advance fee | 2.5% of amount, min Rs 500 |
| Eligibility | Age 18-70; resident of India (both variants) |
| Fine-print notes | One catalog entry covers two products with separate issuer pages: Platinum (source_product_page) and Signature (https://www.axis.bank.in/cards/credit-card/lic-axis-bank-signature-credit-card). Earn rates and the fuel waiver are identical; Signature adds lounge access and the utility-bill activation cashback. Fee cells are blank in the page text (MITC: nil joining and annual fee). 3.5% forex and 3.75% interest confirmed. Consider splitting into two entries. Conflicts resolved from issuer page read 2026-10-12: status: old 'closed-to-new' was an assumption -> both issuer product pages read 2026-10-12 are live 'Apply Online' pages with eligibility and documentation sections and no closure notice; set to open | lounge_domestic: old 'Signature: 2 per quarter' (lounge document) -> issuer page '8 complimentary lounge visits per calendar year' |
Questions
- What is the annual fee of the LIC Axis Bank Credit Cards (Platinum / Signature)?
- No annual fee.
- Does the LIC Axis Bank Credit Cards (Platinum / Signature) give airport lounge access?
- Yes. In India: Signature: 8 per calendar year at select domestic airports. Platinum: none stated.. Outside India: none listed. Conditions: Needs Rs 50,000 eligible spend in previous 3 calendar months (from 1 May 2024); waived in issuance month + next 3 months; guests paid
- What is the forex markup on the LIC Axis Bank Credit Cards (Platinum / Signature)?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the LIC Axis Bank Credit Cards (Platinum / Signature)?
- Fuel, wallet loads and EMI conversions