Axis Bank LIC Platinum Credit Card Review

 

LIC Platinum Credit Card Review

Lets talk about the benefits of Axis Bank LIC Platinum Credit Card, its fees and its eligibility and who can apply for this card, So first of all, let us discuss about its fee, the joining fee, annual fee and insurance fee of this credit card are all zero and no hidden charges of this card, it is a lifetime free credit card, there is no such term in joining. 

There is no condition that you will have to spend the minimum, you can use as much as you want, joining is absolutely zero. The annual fee is also absolutely zero, there is no term and condition that how much you have to use in a year. 

As you are seeing that with this card there is also a feature of insurance which is free of cost, no fee has to be paid, as long as your card is active, the free of cost will be insured with your card and who is that insured?

Will see in this video next Now let's discuss above the reward point, in this the value of your 1 reward point is 0.75 paise, in this you get benefits of 1.5% On paying any LIC premium or any international transaction, you get flat 1.5% benefits in this, if you pay LIC premium or do any international transaction, 

Then you get 2 rewards for every 100 rupees Points are received and the value of one reward point is 0.75 paise, then the value of your 2 reward points is 1.5 ie if you spend 1 lakh on LIC's premium or international spend, then you will get 1500 benefits if 2 lakh 

If you spend, you will get benefits of 3000, in the same way your spend will keep increasing, in the same way the reward points will also keep increasing. Anywhere you use this card by eliminating LIC's premium and international spend, then you get 1 reward point on the spend of 100 rupees, in this also the value of your 1 reward points is 0.75 paise i.e. 

You can classify this card as a different category. If you spend 1 lakh, you will get the benefits of 750, if you spend 2 lakhs, you will get the benefits of 1500, so the more you spend, the more you will get the benefits of the spend. 

Now let's discuss about the insurance, which is the first insurance cover you get lost complimentary, this means if there is a mishappening or any fraud with your card then the insurance company will give a lost cover of up to 50000 

In this, the 2nd insurance you will get is that if any credit card holder dies due to accident, then the insurance company will pay an amount of 3 lakhs to the nominee of that credit card holder. 

The 3rd insurance in this is that if a credit card holder dies due to an air accident, then the insurance company will pay an amount of 1 crore to the nominee of that credit card holder. 

These three insurance features will be active till the card is active, in this you do not have to pay even Re 1 this is a lifetime free credit card, if the credit card is blocked then all your insurance features will also be blocked, all three of these free off cost is 

Now let's discuss on the petroleum benefits, the benefits you will get in this is that if you use your credit card on any petroleum, then there is a sweeping charge of 1% and the amount of 1% is debited from your credit card. 

The benefits you get from this card are that whatever sweeping amount is deducted, you get an instant refund in your credit card and the condition is that you can take benefits only on 400-4000 transactions 

You can take these benefits on total petroleum spend up to 40,000 in a month spose that if you spend 50,000 petroleum in a month then you will get benefits only up to 40,000 and no benefits on rest 10,000 You will get in this you can save 4,800 on petroleum in a year. 

Now let's discuss above add-on card, in this credit card you can get 3 free of cost add-on cards made in blood relation like parents, child, spouse, If your credit card gets scratched or broken or doesn't work, you can get free of cost replacement whenever you want. 

As you can see, this credit card has a security chip, which is very secure. Now we will know about the process of applying for LIC Platinum Credit Card, who can apply for this credit card and what will be the eligibility to apply and which documents will be required, first know about its eligibility. 

People from all the three categories are eligible to apply for this card, in which salary, self-employed and card to card are eligible First we discuss about the salary person, how they will be eligible for this card and can apply for this card.

Age required Minimum age should be 18 years and maximum should be only then you will be eligible for this card Now the documents that will be required in it are ID proof and address proof.

The id proof must contain your PAN card and the address proof must contain aadhar card, driving license, passport, voter id, electricity bill, etc. One of these address proofs will be required, income proof To apply for this card, the minimum salary should be 15,000, Form 16 or Last 1 month salary slip should be there if you have all these documents then only salary person will be eligible to apply for this card 

Now let us talk about the eligibility of Self Employee age required Minimum age should be 18 years and maximum should be only then you will be eligible for this card Now the documents that will be required in it are ID proof and address proof. The id proof must contain your PAN card and the address proof must contain aadhar card, driving license, passport, voter id, electricity bill, etc.

One of these address proofs will be required, In this, you will get the ITR of your business in the income proof, in which your minimum ITR should be 3.6 lakhs, then only you will be eligible for the card. 

Now let's talk about card to card, people who already have a credit card, their credit card will be applied on the basis of the same credit card. age required Minimum age should be 18 years and maximum should be only then you will be eligible for this card Now the documents that will be required in it are ID proof and address proof. 

The id proof must contain your PAN card and the address proof must contain Aadhaar card, driving license, passport, voter id, electricity bill, etc. One of these address proofs will be required, Income proof will contain the last month statement of your credit card and the available limit of that card should be 40% If all these documents will be with these three categories, then only they will be eligible for this card. 

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