The lic eclat credit card is a co-branded rupay credit card launched by a collaboration of LIC and IDBI bank. At the launching event, LIC said they are now aiming toward adding value to digital transactions, and this card is a part of this campaign.
It comes with a plethora of privileges including – free access to airport lounges, Insurance coverage protection, assured lic credit card reward points with every transaction, etc. What is more interesting is that all these benefits are offered completely free of cost. You can find more about this lic credit card benefits from the details given below.
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How does the lic eclat credit card eligibility work?
- Resident Type: Indian
- LIC credit card eligibility criteria for salaried person:
- LIC credit card age requirement: 21 to 60 years.
- Income: Rs.75,000 or more (monthly)
- LIC credit card eligibility criteria for self-employed person:
- LIC credit card age requirement: 21 to 65 years.
- Income: Rs.12 lakh or more. (annually)
- A credit score of 740+ is needed to apply for this idbi lic credit card.
- The applicant should be a LIC agent/agent/policyholder.
What documents are required to apply for a credit card?
- Photocopy of Address proof (any 1)
- Last 6 months bank account Statement
- Aadhar Card
- Driving License
- Utility bills
- Photocopy of ID Proof (any 1)
- Aadhar card
- Voter Card
- PAN Card
- Two recent passport-sized photographs
- Proof of income statement:
- Salaried Person (any 1)
- Salary Slip of last 3 months
- ITR (Income Tax Return)
- Self-employed person
- Income tax return of the last year
- Proof of business
- Salaried Person (any 1)
What are the lic idbi eclat credit card fees?
- LIC credit card joining fee: None
- LIC credit card annual fee: Free for a lifetime
What are the lic credit card benefits?
Get started with a huge LIC credit card joining bonus:
On spending Rs.10,000 with your eclat lic credit card within the first 60 days of your card’s activation, you will receive 1500 lic credit card points as a welcome gift.
Make your every transaction rewarding:
For every Rs.100 transaction made using this lic idbi card, you will earn 4 lic credit card reward points (named as delight points).
You can check the status of your earned points from your lic net banking account. You can redeem those points against several products listed in the lic credit card reward points redemption catalog.
Complimentary lic credit card airport lounge access facility:
Under the rupay lounge access program, you will get 2 quarterly access to most of the leading airport lounges across the globe.
Enjoy freedom from credit card fuel surcharges:
The LIC eclat card users will get a 1% waiver on fuel surcharges across all fuel stations in India. The transaction amount should be between Rs. 400 to Rs. 5000. You can earn up to Rs.500 waiver in a lic credit card statement cycle.
Complimentary LIC credit card insurance coverage:
The details of the LIC idbi bank credit card insurance scheme are discussed below.
Total coverage amount
|Accidental death or permanent disability coverage||Rs. 5 lakh|
|Credit shield||Equal to the total credit card outstanding balance (as on the day of the cardholder’s death)|
Complimentary lost card liability coverage:
This lic idbi credit card features complimentary lost card liability coverage. So, if your card ever gets lost or stolen, you just have to report it by calling the lic customer service number and you will not be liable for anything bad that may happen to your credit card account.
Instant lic credit card bill payment options:
You can make your lic card payment online from your net banking account or by using any credit card bill payment app like Cred, Paytm, Google Pay, etc. But if you don’t have access to the above-stated lic credit card online payment options, then you can make your credit card payment via NEFT, or payment cheque.
What are the lic idbi credit card charges?
|Credit card cash withdrawal charges||2.5% against the transaction amount, min Rs. 500 (Applicable once per withdrawal, also, check your available credit card cash limit before making a withdrawal)|
|LIC credit card finance charges||The LIC credit card interest rate can go up to 3.4% monthly (applicable if your lic credit card payment is not made in time)|
|LIC credit card international transaction charge||3.5% against the transaction amount (applicable once per transaction)|
|LIC credit card add-on card fee||Free for a lifetime|
How to contact the lic credit card customer care department?
- Call the lic card customer care number: 1800 419 0064
- Write to the lic card customer care mail id: email@example.com
Pros and cons of the lic idbi credit card:
As said before, this lifetime free credit card is available for a selected group of people. For those, this idbi lic card could really be a very good option, especially if they are getting their first credit card. With lounge access, liability coverage protection, and accelerated reward points, this LIC rupay credit card can prove to be a very good deal.
But if you are not in that specific group, then don’t worry there are several good credit card options available for you on our best credit cards page, go there and find out the card you are looking for.