LIC IDFC Select Credit Card

Before choosing a new credit card, it's crucial to thoroughly assess its various attributes and advantages. Consider if the card's offerings match your personal expenditure patterns. Presented below is a comprehensive overview of the IDFC LIC Select card's functionalities and perks. 

Welcome Perks

• Complimentary Lenskart Gold Membership for a year, valued at Rs. 500.
• Complimentary half-year PharmEasy Plus Membership, valued at Rs. 399.
• Earn 2,000 Reward Points by spending Rs. 10,000 within the first 30 days after the card is issued.

Promotions and Savings

• Receive 5% cashback on your first EMI transaction within 30 days of receiving the card, with a maximum cashback of Rs. 1,000.
• Get a discount of ₹500 on domestic flight bookings via Yatra.
• Enjoy a ₹500 discount on MYGLAMM purchases worth Rs. 899 or more.

Complimentary Railway Lounge Access

The LIC IDFC Select Credit Card grants complimentary access to selected railway lounges across India, offering up to four free visits per quarter (totalling 16 per year). Lounge access requires presenting your valid credit card along with your train ticket, with a nominal fee of Rs. 2 for card validation. Participating locations include New Delhi, Jaipur, Agra Cantt, and Kolkata (Sealdah) railway stations. This benefit extends to both primary and additional cardholders.

Free Domestic Airport Lounge Access

Benefit from complimentary access to selected airport lounges within India, available twice per quarter. To qualify, cardholders must spend a minimum of Rs. 5,000 in the month prior, calculated from the 1st to the 31st.

Road-Side Assistance Benefit

Enjoy the added advantage of Road-Side Assistance (RSA), courtesy of a partnership with Global Assure. This service, valued at Rs. 1399, is available up to four times annually, providing peace of mind during travel.

Accumulating rewards using LIC Select IDFC credit cards is very easy as no matter where you shop, you get good reward points.

• 10X Reward Points for payments made towards LIC Insurance Premiums through the official LIC website.
• 5X Reward Points on spending in categories like Groceries, Utilities, Education, Railways, and Government transactions, with a limit of 300 Reward Points per month.
• 5X Reward Points awarded for all other types of spending.
• Exclusions: No Reward Points are given for fuel purchases, rental payments, cash withdrawals, EMI transactions, and payments towards non-LIC insurance policies.
• Value of Reward Points: Each Reward Point is equivalent to Rs. 0.25.
• Validity: Reward Points are valid for three years from the date they are earned.

When applying for an IDFC Bank LIC Select Credit Card, the process is simple but requires certain documentation for KYC (Know Your Customer) purposes and to assess your qualification for the card. Here's a straightforward breakdown of the documents you'll need to provide:

Necessary Documents for KYC:

• For Identity Verification: Options include Passport, Voter ID, Driving License, Aadhaar Card, NREGA Job Card, or PAN Card.
• Proof of Address: To verify your address, you can use Utility Bills, Ration Card, or Passport.
• Proof of Income: Employed individuals should provide their most recent 3 months' Salary Slips or Bank Statements to verify income.
• Photograph: A recent passport-size photograph is required.

• Age Criteria for Main Cardholder: Applicants must be aged between 21 and 60 years.
• Age for Additional Cardholders: Must be at least 18 years old.
• Residential Status: This card is available only to individuals who are Resident Indians.

• Initiate Application: Start by clicking on the "Apply Now" button, which will redirect you to the Credit Cards section.
• Provide Your Information: Complete the form with the necessary details as requested by the bank.
• Await Contact: An executive from the bank will get in touch with you to confirm your details and facilitate the application process.
• Card Delivery: Once approved, your credit card will be sent directly to your address.