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LIC Axis Bank Platinum Credit Card

LIC Axis Bank Platinum Credit Card

✍️ Fact-checked by Parash Editorial • 🔄 Updated April 2026
Axis Bank Visa Entry

Annual Fee

₹0

Base Rate

1.0%

Reward Type

Points

Overview

The LIC Axis Bank Platinum Credit Card is a Entry credit card issued by Axis Bank on the Visa network. It offers a base reward rate of 1.0% on all spends, with rewards issued as Points(1 pt = ₹0.25).

Annual Fee: Lifetime Free
Eligibility: Annual income of ₹5,00,000 or higher, CIBIL score ≥ 700.

Reward Rates & Cashback Rules

  • MERCHANT – LIC: 2.0% cashback
  • CATEGORY – International: 2.0% cashback
  • CATEGORY – Fuel: 0.0% cashback ⚠️ No reward points on fuel spends.
  • CATEGORY – Wallet Load: 0.0% cashback ⚠️ No reward points on wallet loads.
  • CATEGORY – EMI: 0.0% cashback ⚠️ No reward points on EMI transactions.
  • CATEGORY – Rent: 0.0% cashback ⚠️ No reward points on rental payments.
  • CATEGORY – Utilities: 0.0% cashback ⚠️ No reward points on utility bill payments.
  • CATEGORY – Telecom: 0.0% cashback ⚠️ No reward points on telecom payments.
  • CATEGORY – Government Services: 0.0% cashback ⚠️ No reward points on government service payments.
  • CATEGORY – Education: 0.0% cashback ⚠️ No reward points on educational institution fees.
  • CATEGORY – Jewellery: 0.0% cashback ⚠️ No reward points on Gold & Jewellery purchases.

Key Features & Benefits

  • Fuel Surcharge Waiver ⛽: 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000, capped at ₹400 per statement month.
  • Dining Delights 🍽️: Access to the Axis Bank 'Dining Delights' program with discounts at partner restaurants.
  • Lost Card Liability 🛡️: Complimentary Lost Card Liability Insurance Cover up to the credit limit.

Eligibility Criteria

Annual income of ₹5,00,000 or higher, CIBIL score ≥ 700.

Features & Benefits

⛽

Fuel Surcharge Waiver

1% fuel surcharge waiver on transactions between ₹400 and ₹4,000, capped at ₹400 per statement month.

🍽️

Dining Delights

Access to the Axis Bank 'Dining Delights' program with discounts at partner restaurants.

🛡️

Lost Card Liability

Complimentary Lost Card Liability Insurance Cover up to the credit limit.

Cashback Engine Rules

The exact calculator logic parameters extracted from the terms & conditions.

LIC
Reward: 2.0%
2%
International
Reward: 2.0%
2%
Fuel Exclusion
⚠️ Exceptions: No reward points on fuel spends.
Wallet Load Exclusion
⚠️ Exceptions: No reward points on wallet loads.
EMI Exclusion
⚠️ Exceptions: No reward points on EMI transactions.
Rent Exclusion
⚠️ Exceptions: No reward points on rental payments.
Utilities Exclusion
⚠️ Exceptions: No reward points on utility bill payments.
Telecom Exclusion
⚠️ Exceptions: No reward points on telecom payments.
Government Services Exclusion
⚠️ Exceptions: No reward points on government service payments.
Education Exclusion
⚠️ Exceptions: No reward points on educational institution fees.
Jewelry Exclusion
⚠️ Exceptions: No reward points on Gold & Jewellery purchases.

Value Chart

Assuming basic spends for LIC Axis Bank Platinum Credit Card

Category LIC Axis Bank Platinum Credit Card Axis Bank Airtel Credit Card Flipkart Axis Bank Credit Card Axis Bank ACE Credit Card
₹
Joining Fee 		₹0 ₹0 ₹0 ₹0
₹
Annual Fee 		₹0 ₹500 ₹500 ₹499
🌍
Forex Markup 		3.5% 3.5% 3.5% 3.5%
%
Base Rate 		1.0% 1.0% 1.0% 1.5%
★
Known Rules 		11 rules 13 rules 15 rules 12 rules

Pros & Cons

✓

Pros

  • + LIC — 2.0% Points
  • + International — 2.0% Points
  • + Fuel Surcharge Waiver
  • + Dining Delights
  • + Lost Card Liability
✗

Cons

  • − No reward on Fuel — No reward points on fuel spends.
  • − No reward on Wallet Load — No reward points on wallet loads.
  • − No reward on EMI — No reward points on EMI transactions.
  • − No reward on Rent — No reward points on rental payments.
  • −Forex markup of 3.5% on international spends
  • −Relatively low base reward rate of 1.0%

Our Verdict

₹ Real Value Calculation (assumed ₹3L/year spend)

Est. Annual Rewards

₹3000

Annual Fee

₹0

Net Value

+₹3000

✅ At ₹3L/year spend, base rewards alone cover the fee. Additional benefits like lounge access add further value.

👍 Best For

  • › First-time credit card users looking to build credit
  • › Low-to-medium spenders wanting simple cashback

👎 Not Worth It If…

  • › You spend heavily in foreign currency — 3.5% markup adds up fast
  • › You rarely use premium benefits like lounges or concierge
  • › You prefer a no-annual-fee card with simpler terms

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Frequently Asked

Yes, the LIC Axis Bank Platinum Credit Card is lifetime free, with no joining fee or annual renewal fee.

Reward points can be redeemed for vouchers and products from the LIC rewards catalogue. The value is approximately ₹0.25 per point, but can vary based on the redemption item.

No, reward points are not earned on several categories, including Fuel, Utilities, Rent, Wallet Loads, and EMI transactions.

You can redeem your points by calling Axis Bank customer care and choosing from the LIC rewards catalogue. A handling fee of ₹30 + GST is applicable on each redemption request.

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