SimplifyCards take:A good fit if you want a card built for lic premium, insurance, and foreign currency
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Best for LIC Premium PaymentsBest for
2 Reward Points / ₹100 spent
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Avoid for heavy international useWatch out
A 3.5% forex markup is on the higher side for overseas spends
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Good fit if you want a card built for lic premium, insurance, and foreign currencyBottom line
It combines complimentary airport lounge access, accelerated rewards on lic premium payments, and no annual fee
Estimate your Reward Points
Adjust your monthly spend to see the card's estimated annual value
How the card works
Reward Points rates
| Category | Rate |
|---|---|
| LIC Premium Payments | 2 Reward Points / ₹100 spent |
| International Spends | 2 Reward Points / ₹100 spent |
| All Other Eligible Spends | 1 Reward Point / ₹100 spent |
Redemption
Statement balanceupto ₹ 0.25 per point
Important conditions
1
Domestic lounge8 visits per year
- 8 complimentary domestic airport lounge visits per calendar year (limited to 2 visits per quarter)
- Requires spends of ₹50,000 in the preceding 3 calendar months to unlock access (new cardholders are exempt for the month of card issuance and the next 3 calendar months)
Benefits and fine print
Welcome, renewal, and other listed benefits
Joining benefits
- 100% cashback up to ₹300 on first utility bill payment within first 30 days of card issuance
Additional benefits
- Nil joining fee and nil annual fee
- Complimentary lost card liability insurance cover up to credit limit
- 1% fuel surcharge waiver on fuel purchases from ₹400 to ₹4,000, capped at ₹400 per month
- Dining Delights discounts at participating restaurants
Latest Updates
Recent changes to this card
Axis Bank revised DCC markup and gift card rewards28 Aug 2026
- Effective 28 August 2026, Axis Bank has increased the Dynamic Currency Conversion (DCC) markup to 3.5% for most Axis credit cards
- Additionally, gift card purchases are excluded from earning reward points/cashback and no longer count towards spend-based fee waivers or milestone benefits
- Tolls and FASTag spends will also cease earning rewards
Eligibility
Check this before you apply
Salaried
- Age: 18 to 70 years
- Resident of India or NRI
Self-employed
- Age: 18 to 70 years
- Resident of India or NRI
Exclusions
Spending that does not earn reward points
- fuel
- wallet load
- emi conversions
- rent
- education payments via third-party apps
- utilities above fee threshold
- transactions excluded under LIC Axis Bank Signature Credit Card terms
- Gift cards
- Tolls and FASTag
Compare before you decide
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