IDFC FIRST Bank LIC Classic & LIC Select Credit Card

Interest-free period

• Interest-free (grace) period shall not exceed 48 Days and will vary depending on the date of the transaction and statement date.
• Not applicable if previous month's statement balance has not been cleared in full on or before the due date.

Verified · Most Important Terms & Conditions (MITC) - LIC Credit Cards · 2026-07-30 · source

Fuel surcharge waiver

1% fuel surcharge waiver at all fuel stations, capped at ₹200 per statement cycle (LIC Classic) / ₹300 per statement cycle (LIC Select), applicable only on fuel transaction values between ₹200 and ₹5,000.

Verified · Most Important Terms & Conditions (MITC) - General (governs LIC Classic & Select) · 2026-07-30 · source

Reward exclusion

• Rewards on LIC Insurance premium payments are applicable only if the premium is paid through Life Insurance Corporation of India's Official website (https://licindia.in/).
• No reward points or cashback on referrals where an LIC Classic or LIC Select card is issued to the referee.

Verified · Most Important Terms & Conditions (MITC) - General (governs LIC Classic & Select) · 2026-07-30 · source

Redemption value

• Reward Redemption Fee of ₹99 per redemption transaction.
• All reward points earned on LIC Classic and LIC Select Credit Cards have a rewards validity of 3 years.

Verified · Most Important Terms & Conditions (MITC) - General (governs LIC Classic & Select) · 2026-07-30 · source

Transfer rule

• For LIC Classic and LIC Select Credit Cards: All Rewards Points earned will have a rewards validity of 3 years.
• No Rewards points or cashback shall be applicable on referrals where LIC Classic or LIC Select card is issued to the referee.

Verified · Most Important Terms & Conditions (MITC) - LIC Credit Cards · 2026-07-30 · source

Travel benefit

LIC Select: Earn Bonus Reward Points on booking flights and hotels via IDFC FIRST Mobile app - 45/₹125 Bonus Reward Points on hotel bookings and 20/₹125 Bonus Reward Points over and above your base rewards.

Verified · LIC Classic & LIC Select Credit Card product page · 2026-07-30 · source

Eligibility

• The Credit Card is valid for use both in India as well as abroad.
• It is not valid for payment in foreign exchange in Nepal and Bhutan.

Verified · Most Important Terms & Conditions (MITC) - LIC Credit Cards · 2026-07-30 · source

Official terms

https://www.idfcfirst.bank.in/credit-card/lic-credit-card.

Verified · LIC Classic & LIC Select Credit Card product page · 2026-07-30 · source