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Shopping Airport Lounge

4.3/5 Editorial Score

LIC IDFC Classic Credit Card

Zero Annual Fee RuPay Card with Never-Expiring Points & Dynamic APR

Best Suited For

First-time credit card applicants and LIC policyholders seeking an accessible lifetime free RuPay card for UPI payments and insurance payments.

Shopping Airport Lounge

Joining Fee

Free

One-time upfront

Annual Fee

Free

Lifetime Free — no renewal fee

Base Rewards

6X RPs for LIC Spends & 3X RPs for Utilities, Education, Railway and Government Spends

On eligible spends

Airport Lounge

4 Domestic visits/year · ₹20k monthly spend required

Complimentary visits

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See where this card gets lounge access

Last verified 3 Oct 2026

Why Consider This Card?

Objective editorial assessment, ideal spender profile, and primary trade-offs

Editorial Verdict

4.3/5 Editorial Score

The LIC IDFC Classic Credit Card is an accessible, completely Lifetime Free (LTF) financial tool created to bring digital payment convenience to millions of LIC policyholders across India. Operating on the RuPay network, it enables frictionless UPI QR-code merchant payments from your phone. Cardholders earn 2X reward points on all LIC insurance premium payments, turning annual insurance outlays into tangible savings. Like all IDFC FIRST Bank credit cards, points never expire and can be redeemed directly against online shopping or statement credits with zero redemption charges. With interest rates starting from an exceptionally low 9% p.a. (0.75% per month) based on creditworthiness, complimentary railway lounge visits, and personal accident insurance cover, this card is one of the most reliable entry-level credit cards on the market.

Ideal For:First-time credit card applicants and LIC policyholders seeking an accessible lifetime free RuPay card for UPI payments and insurance payments.

Shopping Airport Lounge

Card Strengths

Completely Lifetime Free: Zero joining and zero recurring annual fees with no spend conditions for life.
RuPay UPI Payments: Enable seamless UPI QR code scan payments directly charged to your credit card limit.
2X LIC Premium Rewards: Earn double reward points on all LIC insurance policy premium payments.
Never-Expiring Points: Earned reward points never expire and incur zero redemption processing fees.
Low Dynamic APR: Dynamic interest rates start from just 9.00% per annum (0.75% per month).

Things to Keep in Mind

No Airport Lounges: Airport lounge access is not included on this entry-level Classic variant.
Modest Base Rewards: Standard retail spending yields modest reward rates of 1X (0.25% value).
Standard 3.5% Forex: Foreign currency markup of 3.50% applies to overseas retail and travel spends.
Lower Insurance Cover: Personal accident cover is capped at ₹2 Lakhs, lower than the Select variant's coverage.

Additional Cardholder Privileges

Rewards

6X RPs for LIC Spends & 3X RPs for Utilities, Education, Railway and Government Spends

Welcome

Welcome Benefit 1

1,000 Reward Points on Spending Rs. 5,000 in the First 30 Days of Card Issuance

Rewards & Cashback Structure

Base earning rates, partner merchant acceleration, redemption options, and exclusions

Reward Program Name: LIC IDFC FIRST Classic Rewards
Reward Currency: Reward Points
Base Earn Rate: 6X RPs for LIC Spends & 3X RPs for Utilities, Education, Railway and Government Spends
Point Value (INR): ₹0.2500 per point
Redemption Channels: Refer to bank rewards portal
Reward Point Expiry: Refer to bank rewards program terms

Category Accelerated Earn RatesPublished Terms

Spend Category	Earn Rate	Reward Cap	Conditions
LIC Insurance Premium Spends	6X Reward Points (1.50% Valueback)	No Cap	Standard terms apply
Welcome Benefit	1,000 bonus Reward Points on spending ₹5,000 within 30 days of card issuance	No Cap	Standard terms apply
Other Retail Spends	3X Reward Points (3 RP per ₹100 spent = 0.75% valueback)	No Cap	Standard terms apply
Grocery, Utilities, Railways & Education	3X Reward Points (3 RP per ₹100 spent = 0.75% valueback)	No Cap	Standard terms apply

Featured Merchant HubsAll Merchants

Life Insurance Corporation (LIC) Hub

Estimate Your Custom Monthly Rewards

Calculate estimated net cashback and points across your actual spending pattern.

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Reward Exclusions: Fuel transactions, wallet loading, cash withdrawals, rent payments, educational payments, and government services are generally excluded from base and accelerated reward point accrual across all Indian card issuers.

Reward Calculator

Estimate Your Annual Rewards

Estimate your rewards using the card's current reward rates, monthly caps and applicable fee-waiver rules.

Verified Rates & Caps

Quick Select:

Total Monthly Spend:₹30,000 / month

₹5,000 / mo₹1 lakh / mo₹2 lakh / mo

Category Spend Allocation

Customize monthly spend in each category. Category amounts sum directly to your monthly spend.

Assumed spend distribution

LIC Insurance Premium Spends6.00%

No published cap

₹

Welcome Benefit5.00%

No published cap

₹

Other Retail Spends0.75%

No published cap

₹

Grocery, Utilities, Railways & Education0.75%

No published cap

₹

Excluded / Non-Reward Spends0%

Fuel, rent, wallet, govt, cash

₹

Category / Reward Bucket	Monthly Spend	Rate	Effective Rate	Cap Period	Eligible Reward	Cap Status
LIC Insurance Premium Spends	₹4,000	6X Reward Points (1.50% Valueback)	—	None	Calculating...	Under cap
Welcome Benefit	₹4,000	1,000 bonus Reward Points on spending ₹5,000 within 30 days of card issuance	—	None	Calculating...	Under cap
Other Retail Spends	₹18,000	3X Reward Points (3 RP per ₹100 spent = 0.75% valueback)	—	None	Calculating...	Under cap
Grocery, Utilities, Railways & Education	₹4,000	3X Reward Points (3 RP per ₹100 spent = 0.75% valueback)	—	None	Calculating...	Under cap
Total Monthly Cashback	₹30,000	-	—	-	₹0 / mo	Zero cap loss

Annual Spends

₹3.6 lakh

12 billing cycles

Annual Capped Rewards

₹0

0% blended return

Effective Fee

₹0

Standard renewal

Net Annual Value

+₹0 / yr

Rewards - Fee

*Calculation based on verified card reward rates, applicable monthly caps, and fee-waiver thresholds (fee waived).

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Airport Lounge Access

Domestic and international lounge privileges, spend hurdles, and participating terminals

Domestic Lounge Access

Airports within India

Included

Complimentary Visits: 4 complimentary visits per year
Spend Requirement: ₹20,000 per Previous Month

Mastercard network co-branded with IDFC FIRST Bank. 1 complimentary domestic airport lounge visit per calendar quarter (4/year), conditional on min Rs 20,000 spend in preceding calendar month.

International Lounge Access

Global airports outside India

None

Complimentary Visits: Not available
Spend Requirement: Unavailable
Access Type: International Lounge Program

Planning an upcoming departure?

Verify this card against live departure gates and specific terminal lounges across India.

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Where can I use this card for airport lounge access?

This card includes complimentary admission across verified Indian airport terminals. Check individual terminal lounges and spend criteria before you travel.

See where this card gets lounge access

Airport Lounge Checker

Domestic Allowance4 Domestic visits/year · ₹20k monthly spend required

Airport Coverage40+ Major Indian Airports

Lounge DirectoryView All Lounge Coverage

Representative Major Airport Lounges:

Delhi (DEL)Mumbai (BOM)Bengaluru (BLR)Hyderabad (HYD)Chennai (MAA)Kolkata (CCU)All 40+ Airports →

Fees & Charges

Complete breakdown of joining, renewal, forex, financing APR, and transaction charges

1. Card Membership Fees

Joining Fee (1st Year): Free
Annual / Renewal Fee (2nd Year Onwards): Free
Annual Spend Fee Waiver: Lifetime Free — no renewal fee
Fee Terms Notes: Co-branded with IDFC FIRST Bank on RuPay Platinum / Visa; Lifetime Free (₹0 joining and annual fees); 6X rewards on LIC insurance premiums; 4 domestic airport lounges + 16 railway lounges

2. International Spends

Foreign Currency Markup (Forex): 0% (Zero Forex Markup)
Dynamic Currency Conversion (DCC): Standard 1% mark-up on cross-currency INR transactions where applicable

3. Borrowing & Financing

Monthly Interest Rate (Finance Charges): 0.75% per month
Annualized Interest Rate (APR): 9.00% p.a.
Cash Advance / ATM Withdrawal Fee: Refer to official schedule of charges
Interest-Free Period: Up to 50 Days

4. Other Charges & Taxes

Late Payment Charges: Refer to official schedule of charges

Regulatory Tax Notice: Goods and Services Tax (GST) of 18% is applicable on all card fees, interest charges, and milestone fees as mandated by the Government of India.

Verified Terms & Exclusions Summary

• Lifetime Free (LTF): Completely free card with ₹0 joining fee and ₹0 annual fee for life. • RuPay UPI Integration: Linkable with all major UPI applications for instant contactless merchant payments. • LIC Insurance Multipliers: 2X reward points on LIC insurance premium payments. • Evergreen Rewards: Reward points never expire and have no redemption administration fees. • Dynamic Low Interest Rates: APR starting at 9.00% p.a. (0.75% per month) up to 42.00% p.a. based on credit history. • Railway Lounge Visits: 4 complimentary railway lounge visits per quarter across participating stations. • Insurance Coverage: Complimentary personal accidental cover of ₹2,00,000 and lost card liability protection. • Fuel Surcharge: 1% fuel surcharge waiver up to ₹200 per month on fuel transactions between ₹200 and ₹5,000.

Is the Annual Fee Worth It?

Evaluate whether this card's perks and waiver threshold justify its Free renewal fee.

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Eligibility & Application Requirements

Income criteria, minimum age, CIBIL score benchmark, and verification checklist

Eligibility criteria not specified

Verified eligibility criteria are not currently available for this card. Check the issuer's latest terms before applying.

Mandatory Verification Documents

1. Identity ProofPAN Card (Mandatory), Aadhaar Card, Passport, or Voter ID.

2. Address ProofAadhaar (DigiLocker), Utility Bill (Electricity/Piped Gas), or Rental Agreement.

3. Income ProofLatest 3 months salary slips, Form 16, or latest 2 years ITR computation.

Frequently Asked Questions

Common questions regarding LIC IDFC Classic Credit Card application, fees, reward redemption, and eligibility

Does the LIC IDFC Classic Credit Card have any annual charges?

No, the LIC IDFC Classic Credit Card is 100% Lifetime Free (LTF) with zero joining fees and zero annual renewal fees.

Can this card be linked to UPI apps?

Yes, the card is powered by the RuPay network, allowing you to link it to Google Pay, PhonePe, Paytm, and BHIM to pay at UPI merchant outlets across India.

Do the reward points on LIC IDFC Classic expire?

No, all reward points earned on IDFC FIRST Bank cards never expire and can be redeemed anytime without any redemption fees.

Does the Classic card offer airport lounge visits?

No, airport lounge access is reserved for the higher-tier LIC IDFC Select card. However, the Classic card does provide 4 complimentary railway lounge visits per quarter.

What is the joining and annual renewal fee for LIC IDFC Classic Credit Card?

The joining fee for LIC IDFC Classic Credit Card is Free (one-time), and the annual renewal fee is Free from the second year onwards. GST of 18% is applicable on all fee charges.

Can the annual fee on LIC IDFC Classic Credit Card be waived?

LIC IDFC Classic Credit Card is a Lifetime Free credit card with no annual renewal fee, so no spend-based waiver is required.

What are the primary rewards and cashback earn rates on LIC IDFC Classic Credit Card?

LIC IDFC Classic Credit Card offers 6X RPs for LIC Spends & 3X RPs for Utilities, Education, Railway and Government Spends. Cardholders also enjoy accelerated reward rates on partner merchants and selected digital spend categories.

Does LIC IDFC Classic Credit Card offer complimentary airport lounge access?

Yes, LIC IDFC Classic Credit Card provides 4 Domestic visits/year · ₹20k monthly spend required.