IDFC First Bank - LIC Classic Credit Card

Card Intro

Welcome Benefits

Welcome Gift of 1000 reward points on spending Rs. 5000 within 30 days of card issuance and 5% Cashback up to Rs. 1,000 on 1^st EMI within 30 days of card issuance.

Flat Rs. 500 off on Domestic Flights booking on Yatra and Flat Rs. 500 off on purchases of Rs. 899 and above on MYGLAMM.

Free 6 months PharmEasy Plus membership and 1 year Lenskart Gold Membership.

Interest Free Period

20 to 48 Days

Payment Gateway

Mastercard

Card Fees

Joining Fee(once)

Lifetime Free (LFT)

Annual Fee(2nd year onwards once)

Lifetime Free (LFT) – No joining fee and no annual fee

Add-on Card Fee

Nil

Annual Fee Waive off

Lifetime Free (LFT) – No joining fee and no annual fee

Card Features, Rewards and Benefits

Cashback

Nil

Rewards

6X Reward Points for every Rs.125 spent on LIC Insurance Premium transactions.

3X Reward Points for every Rs.125 spent on Grocery, Utilities, Railways, Education and Government payments capped at 300 Reward Points per month and all other transactions except Fuel, Rent, Non-LIC insurance and EMI transactions.

Milestone Benefits

Nil

Fuel Surcharge Waiver

1% for transactions between Rs. 200 to Rs. 5000.
Up to Rs. 200 per statement

Dining

Nil

Movie Benefits

Nil

Lifestyle Benefits

Nil

Travel Benefits:

Nil

Lounge Benefits

For Domestic Airport – 4 complimentary lounge access per year (1 per quarter on minimum monthly spends of Rs. 5000)

For Domestic Railway lounges – 2 complimentary Railway lounge visits per quarter via DreamFolks.

Hotel Benefits

Nil

Insurance Benefits

Complimentary Personal Accident Insurance Cover of up to Rs. 2 lakh.

Complimentary Credit Card Fraud Liability cover of Rs. 25000 on reporting unauthorized transactions within 24 hours of loss/theft of the card.

Concierge Benefits

Complimentary Roadside Assistance (RSA) all over India, up to 4 times in a year worth Rs. 1,399 through Global Assure.

Health Benefits

Nil

Card Charges

Cash Payment fees at branches

Nil

Cash Withdrawal Fees or Cash Advance Fees

Rs. 199

Card Replacement Fees

Rs. 100 and Rs. 149 for Cards with image personalisation.

Charge slip Retrieval Fee

Nil

Cheque Payment Fee

Nil

DCC Markup Fees(Dynamic & Static Currency Conversion Markup Fee)

3.5% on International transaction

Duplicate Statement Fee

Nil

Emergency Card Replacement (When Abroad)

N/A

EMI Processing Fees

Rs. 99 or 1% of the transaction amount (whichever is higher)

Finance Charges

0.75% to 3.65% per month (9% to 43.8% per annum)

Foreign Currency Transaction fee(Forex Charges)

3.5% of the transaction value

Late Payment charges

15% of Total Payment Due (minimum Rs. 100 to maximum of Rs. 1300)

Nil if Total Payment Due is less than Rs. 100
Rs. 100 if total payment due is Rs. 500
Rs. 750 if total payment due is Rs. 5,000
Rs. 1200 if total payment due is Rs. 10,000
Rs. 1300 if total payment due is greater than Rs.10,000

Outstation Cheque Fee

Nil

Over Limit Fees

2.5% of the over limit amount (Min Rs. 550)

Payment (cheque/ECS/NACH/Auto Debit Reversal) Dishonor Fees

2% of the payment amount subject to Min. Rs.500

Payment of Customs duty

N/A

Priority Pass Lounge Charges

N/A

Railway Tickets Surcharge

as per IRCTC website

Rental Transaction Fee

1% of transaction value, minimum of Rs. 249 per transaction

Reward Points Redemption Fee

Rs. 99

Any Other Charges

N/A

Terms & Conditions!

* Goods & Service Tax(GST) applicable on all fees, interest and other charges. All fees, charges, rewards, or any other terms can change at any time. Always read the Terms and Conditions on the Bank’s page.