Skip to content

LIC Gold EMV Credit Card

Life Insurance Corporation offers a LIC Gold EMV Credit Card that serves the needs of first-time credit card users. With this card, you can enjoy insurance benefits and shopping benefits. You can get this credit card with no joining or renewal fee. Cardholders can change their credit limits to fit their needs, helping them stick to their budgets. If you need extra funds, you can also request a temporary increase of up to 30%.

The card also offers a revolving credit facility, allowing you to choose from different payment options when your statement arrives. You can pay just the minimum amount due, a higher amount, or settle the entire balance to avoid interest charges. The Balance Transfer Facility lets you transfer outstanding balances from other credit cards.

The LIC Gold EMV Card offers benefits like the VISA Bill Pay feature, options for monthly payments, and valuable insurance coverage. It is designed to help you manage your finances while rewarding you for your spending.

LIC Gold EMV Credit Card

( 4.1 / 5 )
LIC Gold EMV Credit Card
  • Joining FeeNil
  • Annual FeeNil
  • Best Suited ForShopping
  • Reward TypeReward Points

Rewards Rate

1 RP for every ₹150 spent on eligible categories

Welcome Benefits

N/A

Movie & Dining

N/A

Rewards Rate

1 RP for every ₹150 spent on eligible categories

Reward Redemption

1 RP = ₹0.25

Travel

N/A

Domestic Lounge Access

N/A

International Lounge Access

N/A

Golf

N/A

Insurance Benefits

Covers personal accident insurance of up to ₹1 lakh and a credit shield of up to ₹50,000 in case of permanent disability, along with a purchase protection of ₹50,000.

  • Spend-Based Waiver

    N/A

    Rewards Redemption Fee

    ₹30 + GST

    Foreign Currency Markup

    3.5%

    Interest Rates

    2.75% p.m. (33% p.a.)

    Fuel Surcharge Waiver

    Avail a 2.5% fuel surcharge waiver at all petrol pumps in India

    Cash Advance Charges

    2.5% or a minimum of ₹250.

    • The LIC Gold EMV Credit Card comes with no joining fee.
    • This card is valid for 5 years.
    • Earn 1 Reward Point on every ₹150 spent on this credit card.
    • Get personal accident cover of up to ₹1 lakh.
    • Get a credit shield of upto ₹50,000 in case of permanent disability.
    • Get purchase protection of ₹50,000.
    • Get an interest-free credit period of 15 to 45 days.

    Pros

    • Provides personal accident cover of up to ₹1 lakh and a credit shield of up to ₹50,000 for permanent disability.
    • Offers a revolving credit facility with various payment options, making it easier to manage finances.

    Cons

    • The Forex Markup fee of this card is high.
    • There are no benefits with this card, such as movies, dining, travel, etc.

  • LIC Gold EMV Credit Card Rewards

    LIC Gold EMV card lets you earn 1 Reward Point for every ₹150 using the credit card.

    Reward redemption

    • You can redeem your reward points against your credit card outstanding on the LIC Gold EMV credit card.
    • This credit card allows you to use your Reward Points to buy home and lifestyle products, as well as dining and shopping vouchers.
    • On this card, a minimum of 1,000 Reward Points for redemption.
    • 1 reward point is equivalent to ₹0.25.

    Insurance benefits

    • LIC Gold EMV covers a personal accident cover of up to ₹1 lakh and a credit shield of upto ₹50,000 in case of permanent disability.
    • On this card, you also get a purchase protection cover for up to ₹50,000 for up to 60 days.

    Other Benefits

    You get a 2.5% fuel surcharge waiver (minimum of ₹10) on the LIC Gold EMV Credit Card.

    Eligibility & Documents Required

    The applicant must check the eligibility requirements and the documents before applying for a LIC Gold EMV Credit Card.

    Eligibility Criteria
    • He/She should be a citizen of India.
    • The age requirement lies between 18-60 years.
    • He/she should be either salaried or self-employed.
    • He/she must have maintained a good credit score between 700-750.
    Documentation Required
    • The applicant must attach address proof (any one – Aadhaar card, Voter ID, and Passport)
    • He/she is also required to submit proof of income (any one – bank statement or salary slip from the last 3 months, the last 2 years’ audited financial report, etc.)
    • The applicant is also required to submit any one  Identity Proof (Aadhaar Card, Driving License, Voter ID)

    Conclusion

    LIC Gold EMV Credit Card is a basic level credit card that offers not just shopping benefits but insurance benefits too. On this card, you can earn 1 Reward Point for every ₹150 spent. You also get fuel benefits on this car; you get a waiver of a 2.5% fuel surcharge as compared to other credit cards.

    This card is worth considering if you are planning to apply for a credit card, as it comes with zero joining and an annual fee. Comment down your reviews about the LIC Gold EMV Credit Card and its features, also, would you like to go for it or not? You can also check the LIC Platinum EMV Credit Card.

    FAQs:

    The credit cardholder can Call on customer care number 1800-419-0064 to redeem their reward points earned on the LIC Gold EMV credit card.

    Unfortunately, no you do not get travel benefits on the LIC Gold EMV Credit Card.

    Yes, you are charged ₹30 + GST while redeeming reward points on the LIC Gold EVM credit card.

    No, you do not get movie and dining benefits on the LIC Gold EMV credit card.

    No, the card has no renewal fee, making it cost-effective for users.

    Each reward point is valued at ₹0.25.

    The interest rate on the LIC Gold EMV Credit Card is 2.75% per month, translating to an annual percentage rate of 33%.

    Leave the first comment