LIC Titanium Credit Card Review

The LIC titanium credit card is a co-branded credit card that LIC has launched in alliance with Axis bank. LIC is currently the leading Indian life insurance company with almost 70% market share. The leader of Indian life insurance companies is now trying to get into the credit card business. 

The LIC Titanium credit card is a lifetime free credit card best for those who are new in the credit card market. This lic credit card offers some awesome benefits like low-cost EMI, reward points on every transaction, easy bill payment options, etc. More about the benefits of lic credit card are discussed below. 

LIC Titanium Credit Card Eligibility Criteria:

  • Resident Type: Indian
  • For salaried person:
    • Age: 21 to 60 years.  
    • Income: The monthly income of the applicant should be Rs. 25,000 or more. 
  • For self-employed person:
    • Age: 21 to 65 years. 
    • Income: The average annual income of the applicant should be Rs. 3 lakh more. 
  • A good credit score (above 760) will increase the chances of getting this card. 

You can apply for a new LIC credit card from the lic axis bank credit card online application portal, once your lic credit card application is submitted successfully, you can track your lic credit card application status from the online application tracking portal

Documents Required To Apply For LIC Titanium Mastercard Credit Card:

  • Photocopy of Address proof (any 1)
    • Last 6 months bank account Statement
    • 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

As per the new credit card rules, all new lic credit cards are delivered in an inactive state, and in order to start using them, the user needs to activate them manually by generating a new credit card PIN. You can get some help on the lic credit card activation process from the 100xGain faq page

Axis LIC Credit Card Fee:

  • LIC credit card joining fee: None.  
  • LIC credit card annual fee: None. 

LIC Credit Card Benefits:

  • Powerful LIC credit card reward points scheme:

For every transaction you make using this lic titanium credit card, you can earn reward points. The amount may vary depending on the transaction category and the transaction amount. 

Category of transaction Rate of earning reward points
LIC premium payment and international transactions 2 lic credit card points for each Rs. 100 transaction.
All other categories* 1 reward point for each Rs. 100 transaction

*You will not get any lic credit card reward points for fuel purchase, wallet top-up, EMI installment payments, etc. You can use your earned lic credit card points to get a product from the lic credit card reward points redemption catalog. You can check the status of your earned points from your net banking account.

  • Enjoy freedom from fuel surcharges:

If you use this lic axis bank credit card to purchase fuel, you will get a 1% waiver on fuel surcharges. This credit card fuel surcharge waiver offer is applicable on transactions between Rs. 400 to Rs. 4000 and can be claimed at any fuel station in India. You can earn up to Rs. 400 waiver in a lic credit card statement cycle. 

  • Use easy EMI with a lower interest rate:

Using the “HELLO-EMI” facility, you can convert your high-value transactions (over Rs. 2,500) into small monthly installments with a nominal credit card emi interest rate of just 1.5% per month. 

  • Lost card liability coverage:

This lic axis credit card comes with complimentary lost card liability coverage. That means if your card gets lost or stolen, you just have to report it by calling the lic axis credit card customer care number 1800 419 0064 and you will not be liable for anything bad that may happen to your account. The coverage amount will be the same as your axis bank lic credit card credit limit. 

  • A new and improved lic credit card payment option:

LIC has invented a new and improved payment method for its customers. You just have to visit the lic credit card online payment portal and provide some necessary information. You can follow the steps given below. 

  1. Agree to the terms and conditions.
  2. A new page will open where you can see all the steps described in detail.
  3. Go through the steps and click “Submit”.
  4. Select the card type (MasterCard/Visa) and provide all the necessary credit card details and click on “Submit”.
  5. Enter your bank details (from which your bill amount will be debited) and then confirm the lic credit card payment amount.
  6. Once the details are confirmed, the amount will be instantly debited from your bank account. You will also get a confirmation SMS along with a transaction id.

You can also use the lic credit card app to make your lic axis bank credit card payment from your Smartphone.

  • Anywhere acceptance:

This axis lic credit card is powered by Mastercard which means you can use it in 210+ countries worldwide. It also comes with a built-in EMV chip that uses a very strong encryption method that makes your card nearly impossible to clone.

LIC Credit Card Charges:

Particulars Payable amount
Charges for cash withdrawal with credit card 2.5% against the withdrawn amount, min Rs. 500. (applicable once per withdrawal)
Finance Charges 3.6% monthly or 52.86% annually
LIC card currency conversion charge 3.50% against the transaction amount (applicable once per withdrawal)
LIC axis credit card add-on card fee None (For up to 3 cards)

LIC Credit Card Customer Care Contact Details:

  • Call the lic credit card customer care number: 1800 419 0064
  • Write to the lic axis credit card customer care mail id: liccards@axisbank.com 

Pros and Cons:

Pros  Cons
  • Zero joining and annual fee
  • Low-cost EMI facility
  • Convenient online lic credit card payment method that will make life much easier
  • Higher interest rate
  • Lack of benefits in certain categories like entertainment, shopping, etc. 

100xGain Ratings: 

6.5/10

Final Opinion:

After analyzing the lic credit card offers and benefits, I can say that it is the most basic card in the LIC credit card line-up. If you are new in the credit card market and looking for a card to gain some knowledge then this lic titanium credit card will be a solid choice for you. Otherwise, you can take a look at the 100xGain top 10 credit card pages, it will help you to find the most suitable card for yourself. 

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