What is the annual fee for LIC Axis Bank Signature Credit Card?

The card is lifetime free with no annual maintenance charges. However, there's a one-time ₹500 joining fee applicable at card issuance.

How to apply for LIC Axis Bank Signature Credit Card?

You can apply online through Axis Bank's website or visit your nearest Axis Bank branch. Ensure you meet the eligibility criteria and have required documentation like PAN, Aadhaar, and income proof ready.

What rewards does LIC Axis Bank Signature Credit Card offer?

The card operates on a Reward Points system. You'll also receive 100% cashback up to ₹300 on your first utility bill payment as a welcome benefit.

What are the eligibility criteria for LIC Axis Bank Signature Credit Card?

Eligibility criteria are not specified in the card details provided. Check Axis Bank's official website or contact their customer service for current income and credit score requirements.

Does LIC Axis Bank Signature Credit Card offer airport lounge access?

Yes, the card includes 8 complimentary domestic airport lounge visits per year, allowing you to enjoy premium airport facilities while traveling within India.

Is LIC Axis Bank Signature Credit Card worth it?

The card suits premium spenders seeking lounge access without annual fees—the lifetime free benefit offsets the ₹500 joining fee quickly. International travelers should note the 3.5% forex markup when using abroad.

Credit Cards

PremiumPremiumVisa✦ LIC

LIC Axis Bank Signature Credit Card

Premium benefits without annual fee burden

Annual feeLifetime Free

Rewards—

Forex markup3.5%3.50% of the transaction value

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Welcome benefits

worth ₹300

100% cashback up to ₹300 on first utility bill payment

Type: Cashback
Trigger: within 30 days
Validity: 30 days

Rewards

Base earn rate

Earn Reward points on every spend

Excludes: Fuel

Category	Rate	Cap
LIC Premium Payments	—	—
International Transactions	—	—

• Redemption fee: ₹99

Lounge access

Domestic

8visits / year

International

Not included

Fees & charges

Joining fee: Nil
Annual / renewal fee: Lifetime free
Add-on card fee: Nil (Joining Fee: Nil, Annual Fee: Nil)
Interest rate: 3.75% p.m. (45.00% p.a.)
Interest-free period: 50 days
Cash advance fee: 2.5% (Min. ₹500) of the cash amount
Overlimit fee: 2.5% of over the limit amount (Min. ₹500)
Payment dishonour: ₹500
Forex markup: 3.50% of the transaction value
DCC markup: 1.50%
Rent payment fee: 1% (w.e.f. Jul 2025)
Reward redemption: ₹99 per redemption
Fuel surcharge: 1% waiver, on ₹400–₹4000 txns, max ₹400/cycle

Late payment

Nil if Total Payment Due is less than ₹500 ₹500 if total payment due is between ₹501 - ₹5,000 ₹750 if total payment due is between ₹5,001 - ₹10,000 ₹1200 if total payment due is greater than ₹10,000 Additional ₹100 on missing payment of Minimum Amount Due (MAD) by the due date for two consecutive cycles. This charge will continue to be applicable for every payment cycle until the MAD is cleared.

View official MITC →