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IDFC FIRST Bank
IDFC FIRST LIC Classic Credit Card
Rewards
1st Year Fee: ₹ 0
Rewards
6X Rewards on LIC Insurance Premium
Travel
Up to 20% Rewards on travel spends
Shopping
3X Rewards on grocery transactions
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About IDFC FIRST LIC Classic Credit Card
IDFC FIRST LIC Classic Credit Card is a co-branded credit option built around insurance-related and everyday spends. It offers 1 reward point for every Rs. 125 spent, 6X on LIC insurance premiums and 3X on groceries, utilities, railways, FASTag, education, and government payments. Other transactions also earn 3X rewards. Through the travel section, cardholders can get 20% bonus points on hotel bookings and 10% on flights. The card also includes 8 domestic lounge visits annually and 4 railway lounge accesses. Benefits include insurance cover up to Rs. 2 lakh, Rs. 25,000 lost card liability protection, roadside assistance worth Rs. 1,399, fuel surcharge waiver of 1% capped at Rs. 300, and no joining or annual fees.
Reward Benefits
Reward Program:
- 20% bonus reward points on hotel bookings and 10% bonus reward points on flight bookings via Travel & Shop Section on IDFC FIRST Bank Mobile App, capped at 25,000 points
- 6X Rewards on LIC Insurance Premium1
- 3X Rewards on grocery, utilities, railways, FASTag, education, and government payments, capped at 300 reward points per month
- 3X Rewards on all other spends
- 1X = 1 Reward Point per Rs. 125 spent
Reward Redemption:
Redeem the accumulated reward points at a value of 1 Reward point = Rs. 0.252
Rewards on LIC IDFC FIRST Bank Credit Cards are valid for 3 years
Other Features and Benefits
Airport Lounge Access:
- 8 complimentary domestic airport lounge visits per year on spending a minimum of Rs. 20,000 in the previous month
Railway Lounge Access:
- 4 complimentary Railway Lounge access per quarter
Welcome Benefits:
- 2,000 Rewards on spending first Rs. 10,000 within 30 days of card activation
- 5% cashback, up to Rs. 1,000 on your first EMI transaction within the first 30 days of card activation
Insurance Benefits:
- Up to Rs. 25,000 as lost card liability
- Up to Rs. 2 Lakh as personal accident cover
- Free roadside assistance of Rs. 1,399
Fuel Surcharge Waiver:
- 1% fuel surcharge waiver across all fuel stations on transactions between Rs. 200 to Rs. 5,000, capped at Rs. 300 per month
IDFC FIRST LIC Classic Credit Card: Fees & Charges
| Particulars | Amount |
|---|---|
| Joining Fee | Nil |
| Annual Fee | Nil |
| Finance Charges | 8.5% per month (46.2% p.a.) |
| Late Payment Fee | 15% of Total Amount Due ( Minimum Rs. 100, Maximum Rs. 1,300) |
Things to Know Before you apply
Get this card if:
You want an entry-level credit card to start your credit journey
You travel often and want to own a card that offers airport lounge visits
You book flights via Travel & Shop Section on IDFC FIRST Bank Mobile App
You want to earn reward points on groceries, utilities, railways, FASTag, education, and government payment spends
Other Similar Cards
Paisabazaar Review
What do we like about this card?
IDFC FIRST LIC Classic Credit Card is designed for consumers who regularly spend on insurance, utilities, travel, and essential day-to-day categories. It offers 6X rewards on LIC insurance premium payments, 3X rewards on groceries, utilities, railways, FASTag, education, and government-related spends, along with 3X on other purchases. Cardholders can also earn 1 reward point per Rs. 125 spent, with points redeemable at Rs. 0.25 each. Additional benefits include up to 8 domestic airport lounge visits per year, railway lounge access. Overall, this card is a suitable option for consumers who pay LIC premiums.
Pros
- Up to 20% bonus reward points on travel spends
- 6X Rewards on LIC Insurance Premium
- 4 complimentary railway lounge access per quarter
- 3X Rewards on grocery, utilities, railways and more
Cons
- Lounge access is applicable on spending Rs. 20,000 in the previous month
- Low reward redemption rate of 1 Reward point = Rs. 0.25
Frequently Asked Questions
Everything you need to know about this credit card
Consumers can earn 1 reward point for every Rs. 125 spent. Cardholders can earn 6X points on LIC insurance premiums and 3X points on groceries, utilities, railways, FASTag, education, and government payments.
Each reward point is worth Rs. 0.25 when redeemed. For example, 1,000 points can be redeemed for Rs. 250. Points remain valid for 3 years from the date they are earned.
No, the card comes with zero joining fee and zero annual fee, making it a lifetime-free credit card.
The card offers up to 8 complimentary domestic airport lounge visits per year (subject to Rs. 20,000 monthly spending in the previous month) and 4 railway lounge visits per quarter.
Cardholders get personal accident insurance cover up to Rs. 2 lakh, lost card liability protection up to Rs. 25,000, and free roadside assistance worth Rs. 1,399.
The finance charge is 8.5% per month (46.2% annually). Late payment fees range from Rs. 100 to Rs. 1,300, depending on the total outstanding amount.
Footnotes
- Rewards on LIC insurance premium payments are applicable only when paid through LIC of India’s official website.
- Exclusion: Fuel, rental, ATM cash withdrawals, non-LIC insurance payments, and EMI transactions.
Click here to know More Terms and Conditions
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