LIC IDFC FIRST Credit Card Launch

IDFC FIRST Bank, in collaboration with LIC Cards and Mastercard, has recently unveiled the LIC IDFC FIRST credit card

LIC Classic and LIC Select

The credit card is offered in two variants – LIC Classic and LIC Select, each catering to different consumer profiles.

Reward Points System

LIC Classic provides 3 reward points, while LIC Select offers 5 reward points for every Rs 125 spent. 

Exclusive Benefits

Airport and railway lounge access, complimentary roadside assistance, and personal accident insurance cover. 

Eligibility Criteria

The LIC Select variant, with superior benefits, is accessible to individuals with a high credit score, emphasizing the importance of a good credit profile. 

Redemption Options

Reward points, valued at 25 paise each, can be redeemed for gift vouchers, online transactions, or converted into travel miles, offering flexibility to users. 

No Joining Fee and Annual Fee 

Both variants come with zero joining fee and zero annual fee, enhancing the appeal for potential cardholders. 

Interest Rates

The interest rates on the credit card range from 0.75 to 3.5 percent per month, making it essential for cardholders to manage their dues responsibly. 

Expert Opinions: Mixed Reviews

Some considering it an entry-level card and others recommending alternatives with better value-back rates. 

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