LIC Lumine Credit Card Review

The LIC Lumine Credit Card by IDBI bank would be a decent choice for those looking for straightforward rewards credit cards. The no-frills reward structure and zero annual fees make this card ideal for first-time credit card users. 

In addition, you’ll receive free movie tickets every month and handsome monthly waivers on fuel surcharges, which further sweetens the deal. Detailed information about this lic credit card benefits is provided below.

Who is eligible for LIC credit card?

This card is exclusively available for LIC employees, policy-holders, and their subsidiaries.

• Resident Type: Indian
• lic credit card eligibility criteria for salaried person:
  • LIC credit card age requirement: 21 to 60 years.
  • Income: Rs.30,000 monthly (minimum).
• lic credit card eligibility criteria for self-employed person:
  • LIC credit card age requirement: 21 to 65 years.
  • Income: Rs.4,80,000 annually (minimum).
• The applicant should not have an existing idbi bank credit card.
• A credit score of 740+ is required to apply for this lic lumine platinum credit card.

What documents are required for the lic lumine credit card application?

• Photocopy of Address proof (any 1)
  • Aadhar Card
  • Driving License
  • Passport
  • Utility bills
• Photocopy of ID Proof (any 1)
  • Aadhar card
  • Voter Card
  • Passport
  • 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

What are the LIC lumine credit card fees?

• LIC credit card joining fee:None.
• LIC credit card annual fee: Free for a lifetime.

What are the LIC lumine platinum credit card benefits?

• A huge joining bonus to welcome you:

As you spend Rs.10,000 with your card within the first 60 days of your credit card pin generation, you will receive 1,000 delight points as a credit card joining bonus.

• Make your transactions more rewarding:

The lic credit card reward points scheme is discussed below.

Category of transaction	LIC credit card reward points for every Rs.100 spent
Regular credit card transaction	3 delight points
LIC premium payments	2X delight points

You can redeem your rewards (min 4,000 rewards) into IDBI bank gift cards.

• Make your evenings entertaining:

If you use this idbi lic credit card to book movie tickets from BookMyShow, you will receive another ticket completely free with the purchase of another. You can get this offer on the 2nd and 4th weekends every month.

• Get freedom from fuel surcharges:

This LIC credit card offers a 1% waiver (upto Rs.300 in a lic credit card statement cycle) on fuel surcharges across all fuel stations in India. The transaction amount should be between Rs.400 and Rs.4,000.

• Enjoy easy bill splitting:

You are allowed to convert your high-value transactions (over Rs.3,000) into small monthly installments. This credit card emi facility is very helpful for frequent shoppers. 

• Complimentary lost card liability coverage:

You will get complimentary lost card liability coverage with this lic idbi credit card. So, if your card ever gets lost or stolen, you just have to report it by calling the lic card customer service number and you will not be liable for anything bad that may happen to your credit card account.

What are the LIC Lumine credit card charges?

Particulars	Chargeable amount
LIC credit card atm withdrawal charge	2.5% against the transaction amount, Min Rs.500 (check your credit card cash withdrawal limit before making a withdrawal)
LIC cards finance charge	3.4% monthly (applicable if your lic credit card payment is not made in time)
LIC credit card international transaction charges	3.5% against the transaction amount
LIC add on credit card fee	None (for 1 card)

How to contact the lic credit card customer care department?

• Call the lic credit card customer care number: 011-45512817
• Write to the lic credit card mail id: lic-creditcard@licindia.com 

100xGain Ratings:

6.5/10

Pros and Cons of the LIC lumine card:

Pros	Cons
It is a lifetime free credit card. The reward earning rate of this lic idbi credit card is quite impressive. You will also get some free movie tickets in every lic credit card statement cycle.	You will not get any dining benefits from this platinum credit card. The reward redemption options are limited

Final Opinion:

If you are a LIC employee or policy-holder and are looking for easy to obtain credit cards, then this card would be the perfect match for you. With a powerful rewards program, handsome monthly waivers on fuel surcharges, and free movie tickets every month. This idbi lic credit card can offer you some handsome monthly savings.

But if you are looking for a better alternative, then feel free to visit our best credit cards page where you can find the best credit cards for beginners.

Alternative Cards:

1. Standard Chartered Super Value Titanium Credit Card (Best for cashbacks)
2. Syndicate Bank Gold Credit Card (Best for reward points)
3. Tata Titanium Card (Best for reward points)