LIC Classic Credit Card Review 2026 — Fees, Rewards & Eligibility
Issuer: IDFC First Bank
Network: Visa | Tier: Entry
Co-branded LIC card rewarding insurance premium payments along with travel and lifestyle benefits.
Why Choose the LIC Classic Credit Card?
The LIC Classic Credit Card is a Entry-tier Visa credit card issued by IDFC First Bank, rated 4.2/5 by the Credit Card Hunt editorial team. It is best suited for LIC customers and policyholders. With a reward rate of Rewards on insurance spends and an annual fee of Nil, it ranks among the popular Insurance cards in India in 2026.
New cardholders are welcomed with Insurance-related benefits, which adds immediate value in the first year.
LIC Classic Credit Card Fees & Charges
| Annual Fee | Nil |
|---|---|
| Joining Fee | Nil |
| Interest Rate | 8.5% – 46.2% p.a. (0.71% – 3.85% per month); Overdue: 47.88% p.a. |
| Foreign Markup | 3.50% on foreign currency / DCC transactions |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver on transactions ₹200 – ₹5,000 per statement cycle |
LIC Classic Credit Card Rewards & Benefits
| Reward Rate | Rewards on insurance spends |
|---|---|
| Welcome Bonus | Insurance-related benefits |
| Lounge Access | Limited lounge access |
| Best For | LIC customers and policyholders |
Key Highlights of the LIC Classic Credit Card
- "10X rewards on LIC premiums
- Lounge access
- Roadside assistance
- Lifetime free"
LIC Classic Credit Card Eligibility Criteria
- "Age 18+
- Good credit score
- Meets bank criteria"
Minimum Income Required: LIC-focused eligibility
Advantages of the LIC Classic Credit Card
- Zero joining and annual fee; Co-branded LIC benefits
Drawbacks of the LIC Classic Credit Card
- High foreign markup (3.50%); Image personalisation not available; Interest rate up to 47.88% p.a.
LIC Classic Credit Card — Frequently Asked Questions
What is the annual fee of the LIC Classic Credit Card?
The LIC Classic Credit Card has an annual fee of Nil and a joining fee of Nil. New cardholders receive Insurance-related benefits as a welcome benefit, which helps offset the joining cost.
Does the LIC Classic Credit Card offer airport lounge access?
Yes — the LIC Classic Credit Card offers Limited lounge access.
Who is eligible for the LIC Classic Credit Card?
The minimum income requirement is LIC-focused eligibility. Banks typically also look for a CIBIL score of 700 or above and a clean repayment history.
What is the reward rate of the LIC Classic Credit Card?
The LIC Classic Credit Card earns Rewards on insurance spends. It is best suited for LIC customers and policyholders.
Expert Rating: 4.2/5