LIC Axis Bank Signature Credit Card
Apply for the best credit card of Axis Bank
Welcome Benefits
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LIC Axis Bank Signature Credit Card: Fees & Charges
| Type of fee or charge | Amount (Rs.) |
|---|---|
| Joining Fee: | ₹ Lifetime Free |
| Annual/Renewal Fee: | ₹ Lifetime Free |
| Finance Charges: | 3.60% per month (43.2% annually) |
| Spend Based Waiver: | Not Applicable for this card |
| Over Limit Penalty: | 2.5% of overlimit amount, subject to a minimum of 500/- |
| Rent Payment charges | 1% fee capped at INR 1,500 per transaction will be applicable on each rental transaction. |
| Forex Charges: | 3.49% of the transaction value |
| Minimum Repayment Amount: | 5% of Total outstanding (Min. Rs. 100) + All charges/fees/taxes + EMI |
| Cheque Return Fees: | 2% of Total Amount Due or Minimum of 500 whichever is higher |
| Total Amount Due/Statement Balance | Late Payment Charges |
|---|---|
| Less than or equal to 500 | NIL |
| Above 501/- and up to 5000 | 500 |
| Above 5000/- and up to 10,000 | 750 |
| Above 10,000/- | 1200 |
Eligibility criteria
Age: Applicants should be at least 21 years old.
Income: A stable annual income is essential, typically a net Annual income of 6,00,000/- or more and Self-Employed Individuals/Professionals: A minimum annual income of 15 lakhs.
Credit Score: A good CIBIL score, ideally between 750 and 900, can significantly boost approval chances
The applicant must be an Indian citizen and valid address proof
Document Requirements
1. Aadhaar card, Passport, PAN card as your Identity proof
2. Any Utility bill, Passport, or Voter ID as your address proof
3. Salary slips, bank statements, or IT returns as your income proof
Other Information
Frequently Asked Questions
What is the annual fee of LIC Axis Bank Signature Credit Card?
The LIC Axis Bank Signature Credit Card offers lifetime-free annual fees. The joining fee is also free for life!
What is the interest rate on the LIC Axis Bank Signature Credit Card?
The LIC Axis Bank Signature Credit Card has an interest rate of 3.60% per month (43.2% annually)
Are there foreign transaction fees on the LIC Axis Bank Signature Credit Card?
Yes, The LIC Axis Bank Signature Credit Card charges a 3.5% fee for all transactions in foreign currency .
What is the credit limit of LIC Axis Bank Signature Credit Card?
The credit limit for the LIC Axis Bank Signature Credit Card is based on multiple factors, such as your income, repaying capacity, and credit history. Axis Bank does not specify a fixed credit limit for this card. It will communicate to you time of issuance of card. Axis Bank offer Pre-approved Credit Limit to existing card holder. So if you are eligible by few step you can increase your credit limit.
Card other Details
LIC Axis Bank Signature Credit Card Credit Limit: Up to ₹10 Lakh