IDBI Bank LICCSL 'Elat' Credit Card

Charge

• Schedule of Fees & Charges (effective April 13, 2023) - LIC Eclat / all variants: Cash Advance Transaction Fee 2.5% of transaction amount or ₹500 whichever is higher.
• Finance/Interest charge on Revolving Credit 3.40% p.m. (40.80% p.a.) and on Cash Advances 3.40% p.m. (40.80% p.a.).
• Late Payment Charges by statement balance: <=₹500 Nil, >₹500 to <=₹5000 ₹400, >₹5000 to <=₹10000 ₹500, >₹10000 to <=₹20000 ₹750, >₹20000 ₹950.
• Over limit Fee 2.5% of over limit amount subject to minimum ₹500.
• Cheque/Auto Debit Return Charges ₹500.
• Cash Deposit Charges at IDBI Bank Branches ₹200.
• Duplicate Statement Request ₹100 per statement (more than 03 months old).
• Card Replacement Fee ₹200.
• Foreign Currency Conversion / Cross Currency Mark up 3.5%.
• EMI Rate of Interest 13% p.a. (tenures 3,6,9,12,18,24,30,36 months).
• EMI Conversion Fees Nil.
• EMI Foreclosure Fees Nil.
• Reward Redemption Fee ₹99 per redemption (LIC Eclat).
• Balance Transfer Fees 1.5% of BT amount or ₹199 whichever is higher.
• Card Account Closure Charges ₹999 if closed within one year of issuance (LIC Eclat).
• Charges on Purchase/Cancellation of IRCTC Tickets as prescribed by IRCTC/Indian Railways.
• All fees exclusive of GST.

Verified · Most Important Terms & Conditions (MITC) – IDBI Bank Credit Cards · 2026-08-02 · source

Interest-free period

• Interest-free credit period ranges from 18 to 48 days, subject to the scheme applicable on the card and submission of claims by the merchant.
• Not applicable if previous month's balance not cleared in full or if cash was availed from ATM.

Verified · Key Fact Statement (KFS) – IDBI Bank Credit Cards (covers LIC Eclat) · 2026-08-02 · source

Fuel surcharge waiver

• 1% fuel surcharge waiver on transactions from ₹400 to ₹5,000 at all fuel stations.
• Maximum waiver of up to ₹500 per month.

Verified · IDBI Bank LICCSL 'Elat' Credit Card product page · 2026-08-02 · source

Redemption value

• Reward redemption fee for LIC Eclat: ₹99 per redemption (Aspire/Royale/Euphoria/Winnings/Imperium: NIL).
• Delight Points expire after 3 years (campaign/promotional points expire after 1 year).

Verified · Key Fact Statement (KFS) – IDBI Bank Credit Cards (covers LIC Eclat) · 2026-08-02 · source

Reward cap

• Delight Points expiry: points credited to customers expire in 3 years.
• Points credited under a campaign or promotional offer expire in 1 year only.

Verified · Most Important Terms & Conditions (MITC) – IDBI Bank Credit Cards · 2026-08-02 · source

Reward exclusion

Verified · Most Important Terms & Conditions (MITC) – IDBI Bank Credit Cards · 2026-08-02 · source

Insurance

• Complimentary lost/stolen card / accidental insurance cover depending on card variant type, provided by a third-party insurance company (which handles claim settlement).
• Policy coverage starts from the date of Credit Card set up.
• For claims to be accepted there must be a minimum of 2 purchase transactions using the card in the last 3 months prior to the event date.

Verified · Most Important Terms & Conditions (MITC) – IDBI Bank Credit Cards · 2026-08-02 · source

Eligibility

• For new cards issued on or after October 01, 2022, the cardholder must activate the card within 30 days.
• A card is considered activated if the cardholder sets up a PIN, enables/sets limits for transaction types, or uses the card for purchases.

Verified · Most Important Terms & Conditions (MITC) – IDBI Bank Credit Cards · 2026-08-02 · source

Official terms

https://www.idbi.bank.in/Eclat-Credit-Card.aspx.

Verified · IDBI Bank LICCSL 'Elat' Credit Card product page · 2026-08-02 · source