IDFC FIRST Bank LIC Select Credit Card

Lounge access

• Complimentary Domestic Airport lounge access twice every calendar quarter subject to minimum spends of ₹20,000 in the previous month.
• Complimentary Railway lounge access 4 per calendar quarter.

Verified · LIC Select Product Guide / Rewards & Program Terms · 2026-07-30 · source

Forex markup

• Markup Charges on foreign currency transaction: 3.5% (LIC Select Credit Card, per MITC).
• 1.99% per Key Fact Statement Schedule of Charges (FIRST Select Credit Card, Employee Credit Card = 1.99%).
• Note: sources differ.

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

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 the previous month's statement balance has not been cleared in full on or before the due date.

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

Fuel surcharge waiver

1% Fuel Surcharge Waiver up to ₹300 per statement cycle for fuel transactions between ₹200 to ₹5,000.

Verified · LIC Select Product Guide / Rewards & Program Terms · 2026-07-30 · source

Reward exclusion

Verified · LIC Select Product Guide / Rewards & Program Terms · 2026-07-30 · source

Reward cap

• Reward Points earned on spends on essentials category (Utility, Grocery, Railways, Education and Government) are capped at 600 Reward Points per month.
• Maximum of 5 LIC insurance premium payments in a statement cycle are eligible for Rewards.

Verified · LIC Select Product Guide / Rewards & Program Terms · 2026-07-30 · source

Redemption value

• On Travel & Shop Platform: Reward Points can be redeemed at 1 Point = ₹0.25, up to 70% of the total booking value (incl. tax).
• Rest paid via the IDFC FIRST Bank Credit Card.

Verified · LIC Select Rewards/Program Terms - Bonus Reward Points (Travel & Shop via App) · 2026-07-30 · source

Dining benefit

Up to 15% discount on dining across 300+ cities.

Verified · LIC Select Product Guide / Rewards & Program Terms · 2026-07-30 · source

Travel benefit

• Travel insurance Cover of ₹4,000 each on Loss of Checked-In Baggage, delay of Checked-In Baggage, Loss of Passport & other documents and flight delay.
• Complimentary Road-Side Assistance worth ₹1,399.

Verified · LIC Select Product Guide / Rewards & Program Terms · 2026-07-30 · source

Insurance

• Cover of ₹50,000 each on Lost card liability, Credit Shield & Purchase Protection.
• Personal Accident Cover of ₹5L.
• Air Accident Cover of ₹1 Crore.
• Cardholders must make minimum one Credit Card transaction every month to continue enjoying the complimentary insurance benefit.

Verified · LIC Select Product Guide / Rewards & Program Terms · 2026-07-30 · source

Eligibility

• Activate your Credit Card within 30 Days of card issuance to avoid closure.
• To go-green, e-statement will be sent by email & SMS only.

Verified · LIC Select Product Guide / Rewards & Program Terms · 2026-07-30 · source

Official terms

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

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