LIC coming with 2 new Rupay Credit cards with lots of futures. Recently LIC announced that they are launching the Rupay Credit card with the partnership of IDBI bank.
LIC Credit Card offers huge benefits for LIC Policyholder, LIC Agent & LIC Employees.
In this post, you will discover all the benefits, Eligibility & more of the LIC Credit Card.
LIC Credit Card Quick Recap
| Basic Components | Card Details |
| 2 Variant Card | Lumine’ Platinum Credit CardEclat’ Select Credit Card |
| Eligible For | LIC Policy Holder, LIC Agent & LIC Employees |
| Lumine Card Rewards & Benefits | 3 point/Rs. 100 spent. Rs. 1000 bonus / Rs. 10,000 spent (60days) 1% fuel wavier / Rs. 400 spent EMI facility Interest-Free Periods 48 days |
| Eclat Card Rewards & Benefits | 4 point/Rs. 100 spent Rs. 1500 bonus / Rs. 10,000 spent (60days) 1% fuel wavier / Rs. 400 spent Lounged access at Domestic and International Airport EMI facility Interest-Free Periods 48 days |
Also Read: 5 Best Travel Credit Cards
What is Credit Card?
A credit card is a plastic card provided by a financial organization, usually a bank, that allows the cardholder to borrow money from that bank. You can use the borrow for your needs & pay the money within a fixed validity period.
If you can’t pay the money within a fixed time, you need to pay the money with total interest.
Difference between Credit Card & Rupay Credit Card
| Credit Card | Rupay Credit Card |
| Maintenance Charges high | Low Maintenance Charges |
| Annual fees are too high | Zero Annual fees |
| No Insurance Cover | Rupay Card offers insurance cover |
Benefits of LIC Rupay Credit Card
- Low-cost maintain charges
- Air accident cover, personal accident, permanent disability cover, credit shield cover.
- Huge Rewards Points giving in this 2 Rupay Credit card.
- EMI facility available for 3, 6, 9 & 12 months
- Interest-free periods 48 days
- 1000-1500 bonus points on Rs. 10,000 spent.
Also Read: How to manage credit card debt
Eligible for LIC Rupay Credit Card
LIC policyholder: If you have a LIC policy, you are eligible for a LIC Rupay credit card.
LIC Agent: LIC Agents are applicable for this card & you will access all the above mention benefits.
LIC Employees: If you are an employee of LIC, you will eligible for a LIC credit card.
Processing Charge of LIC Credit Card
Still, LIC does not announce processing charges & Annual charges of LIC credit cards. We are waiting for more announcements.
LIC Rupay Credit Card collaborates with IDBI bank to launch Lumine’s Platinum Credit Card.
Eclat’ Select Credit Card. These cards offer lots of rewards points & extra benefits that fulfill customers’ basic needs.
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