IDFC FIRST LIC Classic Credit Card
IDFC FIRST Bank • RuPay
Lifetime-free co-branded insurance card offering 6X rewards on LIC premiums, 3X on essentials & UPI, and complimentary railway lounge visits
Underwriting & Income Cutoffs
warningStrict 5-Transaction Monthly Ceiling on LIC Premiums
Accelerated 6X reward points apply strictly to the first 5 LIC insurance premium transactions per statement cycle; subsequent payments earn zero accelerated rewards.
Ek billing cycle me sirf pehle 5 LIC insurance premium payments par hi 6X rewards milte hain; uske baad ke payments par bonus points nahi milte.
Source: IDFC FIRST LIC Classic Product Guide Section 3
warningStrict Monthly Cap on Essentials Category (300 RP)
3X rewards on essentials (groceries, utilities, railways, education, government) are capped at a low ceiling of 300 Reward Points (worth ₹75) per statement cycle.
Grocery aur utility par 3X rewards mahine me maximum 300 points (₹75) tak hi mil sakte hain.
Source: IDFC FIRST LIC Classic Product Guide Section 4
warningReward Point Expiration Policy of 3 Years
Unlike core IDFC FIRST Bank credit cards with lifetime validity, reward points on LIC co-branded cards expire after 3 years (1,095 days).
Core IDFC cards ke viparit, LIC credit card par mile reward points 3 saal baad expire ho jaate hain.
Source: IDFC FIRST LIC Classic MITC Document
warningNon-LIC Insurance Spends Strictly Excluded from Rewards
Insurance premium transactions paid to any private insurer other than LIC earn zero reward points.
LIC ke alawa kisi doosri insurance company ka premium pay karne par koi reward points nahi milte.
Source: IDFC FIRST LIC Classic Product Guide Section 2
warningNPCI Small Merchant Zero Reward Rule on UPI Spends
RuPay UPI transactions <= ₹2,000 at merchants with turnover <= ₹20 lakh earn zero reward points per NPCI regulatory guidelines.
Chote vyapariyon ke QR par ₹2,000 se kam UPI payment karne par koi points nahi milte.
Source: NPCI Circular 2026
Calculate Your Real Annual Profit on IDFC FIRST LIC Classic Credit Card
Drag the slider to your estimated monthly card spend to project net monetary yield.
The Math Behind IDFC FIRST LIC Classic Credit Card
IDFC FIRST LIC Classic Credit Card (IDFC FIRST Bank) un logon ke liye design kiya gaya hai jo SHOPPING categories me spend karke 1.2% tak ka value back chahte hain. Lekin ₹0 (+18% GST) ki annual fee ke sath, asli net profitability aapke merchant categories, waiver spend milestones aur hidden exclusions par depend karti hai.
• Partner Merchant Spends (1.2% return): Fee recover karne ke liye sirf ₹0 / mahina (₹0 / saal) spend zaroori hai.
• Regular Offline Spends (0.2% base return): Fee recover karne ke liye lagbhag ₹0 / mahina spend karna hoga. Isse kam spend karne par annual fee ki wajah se net return loss me chala jayega.
1. Merchant Tier Accelerators & Multipliers
Amazon, Flipkart, Myntra aur partner portals par spend karne par 5% se 10% tak ke accelerated reward multipliers milte hain. Par dhyan rahe ki yeh bonus rate sirf specific partner checkout par hi valid hota hai, normal offline retail swipes par standard 1% base rate hi milta hai.
2. Monthly Category Caps & Spending Ceilings
Sabhi accelerated shopping cards par monthly capping ya category spend ceiling hoti hai (jaise ₹1,000 se ₹1,500 maximum monthly cashback). Is limit ke cross hote hi earn rate drop hokar regular 1% ho jata hai, isliye festive sales me spend limit monitor karna zaroori hai.
3. Voucher Expiry vs Statement Credit Friction
Earn kiye gaye points ko direct statement credit me lene par bank ₹99 + 18% GST redemption fee charge kar sakta hai. Brand vouchers me redeem karne par 12-24 months ki expiry aur category lock-in ka dhyan rakhna zaroori hai taaki points expire na hon.
check_circleKise Lena Chahiye (Who Should Apply):
Agar aapka natural monthly kharcha SHOPPING merchants par hota hai aur aap saal me ₹0 ka spend aaram se cross kar lete hain.
cancelKise Bilkul Nahi Lena Chahiye (Who Should SKIP):
Agar aapka kharcha offline dukanon, petrol ya rent par zyada hota hai, ya online spend ₹0/mahine se kam hai, toh is card ko skip karein kyunki fee recover nahi hogi.
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Frequently Asked Questions
What is the annual fee of IDFC FIRST LIC Classic Credit Card and how can it be waived?expand_more
IDFC FIRST LIC Classic Credit Card ki joining aur annual renewal fee ₹0 + 18% GST (Total: ₹0.00) hai. Agar aap pichle saal me ₹1,00,000 ya usse zyada spend karte hain, toh renewal fee 100% reverse (waive) ho jati hai.
What is the minimum salary required for IDFC FIRST LIC Classic Credit Card?expand_more
Salaried applicants ke liye minimum net in-hand monthly salary ₹3,00,000 aur 750+ CIBIL score hona zaroori hai. Self-employed applicants ke liye ₹6.0 Lakhs+ annual ITR mandatory hai.
What are the ATM cash withdrawal and international forex charges?expand_more
ATM se cash withdraw karne par 2.5% (minimum ₹500) cash advance fee aur pehle din se finance charges lagte hain. International foreign currency spends par standard 3.5% forex markup + 18% GST deduct hota hai.
How does IDFC FIRST LIC Classic Credit Card reward point redemption work?expand_more
Earn kiye gaye points ko statement cash ya partner shopping vouchers me redeem kar sakte hain. Statement credit lene par 1 point lagbhag ₹0.25 ka hota hai aur bank ₹99 + 18% GST redemption fee charge karta hai.
• Data Authority: Audited against official bank Most Important Terms and Conditions (MITC) Schedule.
• Regulatory Reference: Reserve Bank of India (RBI) Credit & Debit Card Directions 2022/2024.
• Verification: Independent research conducted by EQUIS Intelligence Labs • Last verified: September 2026.