LIC IDFC FIRST Select Credit Card Review
Author And Publisher: Gyro 3.oLIC IDFC FIRST Select Credit Card
LIC IDFC FIRST Select Credit Card Review: Lifetime Free, 10X Rewards for LIC and Everyday Smart Spenders Zero Fees, Maximum Rewards
introduction
The LIC IDFC FIRST Select Credit Card emerges as a standout “lifetime free” credit card jointly powered by LIC and IDFC FIRST Bank. This card is crafted for families, responsible salaried professionals, and especially LIC policyholders looking for practical, uncapped daily rewards—on all essentials, not just shopping. It is best suited for those who want to make bill payments, railway and daily spends more rewarding, all without the stress of annual/renewal charges or complex benefit structures.
key features and benefits
Lifetime Free Credit Card
- Absolutely zero joining, annual, or renewal fees.
Welcome benefits
- 2,000 Rewards on spending first ₹10,000 within 30 days of card generation.
- 5% cashback (up to ₹1000) on the transaction value of first EMI done within 30 days of card generation.
ATM cash withdrawals
Interest free cash withdrawals on Domestic and International ATMs for up to 45 days (Cash Advance Fee of only ₹199 per transaction)
Accelerated Rewards
10X Rewards on LIC Insurance Premium spends.
5X reward points on grocery, utility bills, government, railway bookings, education.
5X Rewards on all Other spends.
earn 50x reward points on hotel bookings.
earn 25x reward points on flight bookings.
*1 Reward Point = ₹0.25; points valid for 3 years*
lounge access
2 complimentary Domestic Airport Lounge access per quarter.
4 complimentary Railway Lounge access per quarter.
Insurance Covers
₹5 lakh personal accident cover.
₹50,000 lost card liability.
valid on doing at least one transaction on LIC Select Credit Card in last 30 days.
- ₹1 Crore Of Air Accident cover.
₹25,000 purchase protection and credit shield.
Travel Insurance cover of ₹4,000 each on Loss or Delay of Checked-In Baggage, Loss of Passport & other documents and Delay in Flight.
fees & charges
| Category / Fee | Details | |
|---|---|---|
| Joining fees | nil | |
| Annual Fee | nil | |
| OVL Charges | 2.5% of over-limit, minimum ₹550. | |
| Interest rates | starting at 9% per annum. | |
| Late Payment Fee | 15% of Total Amount Due, min ₹100, max ₹1300. |
Card Essential
Rewards and Benefits Analysis
Who Benefits Most?
LIC Policyholders/Families: 10X rewards makes paying premiums more rewarding than any traditional card.
Railway and domestic flyers: Up to 24 premium lounge entries per year with NO fee card.
Value Snapshot
₹5,000 monthly LIC premium = 330 points (₹82.5).
Spend ₹8,000/month on groceries, utilities, railways gets 400 points (₹100).
Pocket ₹500 value from welcome bonus.
Practical Considerations
Limitations & Exclusions
No reward points on: fuel, rental payments, wallet loads, cash withdrawal, EMI, and premiums for non-LIC insurance.
Reward redemptions incur a ₹99+GST fee per transaction.
UPI RuPay support present but best value when using for billers, rail, groceries, and LIC.
Fees & Charges
Nil for joining/annual/add-on cards.
Finance charges: Interest rates starting at 9% per annum.
EMI conversion: 1% fee (min ₹99).
Age: 21–60 years; Resident Indian.
Income: Generally ₹25,000+ net salary or ₹3 lakh+ ITR/year (salaried/self-employed).
KYC: PAN, Aadhaar/Voter ID/Passport/Driving License, income proof.
Usage Tips
Use for all LIC premiums, groceries, government/Education/utility spends to maximize monthly caps.
Enjoy airport and railway lounges before departures—easy digital check-in.
Set auto-pay on recurring bills for effortless rewards earning (and never miss a due date).
Redemption Options
IDFC FIRST Rewards Portal: Redeem for brand vouchers, travel, and bill credit.
Points worth ₹0.25 each,
Best use: Save points, redeem in larger lots to minimize frequency of redemption fee.
Ideal User Profile
Families with active LIC policies and routine grocery, education, utility, and rail spends.
Urban salaried professionals who want lounge comfort, reward simplicity, and no annual charge.
Digital users who prefer tap-to-pay and UPI as well as traditional spends.
Final Thoughts
Strengths
Practical, unlimited, and lifetime free—no other card offers 10X on LIC plus 24 lounge entries yearly at zero cost.
Accelerated rewards on real-life, often-non-rewarded categories: utilities, education, government, groceries—even on UPI.
Insurance, purchase, and lost card cover for added peace of mind.
Limitations
Capped reward earning per category/month—big spenders should track limits.
Not suited for international travel (no global lounge or air miles).
Reward redemption incurs a small fee; best to accumulate and redeem in larger chunks.
Verdict
The LIC IDFC FIRST Select Credit Card is the best everyday, no-fee credit card for families, LIC policyholders, and urban bill-payers in India. Its mix of high-utility rewards, unlimited lounge access, and zero annual cost makes it a must-have for the practical wallet in 2026.
Additional Tips for Applicants
Have LIC policy and income information ready—application and instant e-KYC are digital-friendly.
Use UPI and pay at grocery, utility, railway, and education merchants for fastest rewards.
For big billers (e.g., private school, regular insurance premiums), stagger spends to for the uncapped non-promo categories.
CDMS EXPERT ADVICE
Lifetime‑free cards like the LIC IDFC FIRST Select are powerful tools, but high limits plus easy cash withdrawals can quickly lead to invisible debt creep if bills are not cleared in full. If LIC and other card dues are starting to feel heavy—multiple EMIs, rollovers, or rising minimum payments—speak with CDMS at Cashon.cards for expert help to consolidate obligations, reduce interest drag, and design a disciplined, step‑by‑step plan to become credit‑healthy again.
This review offers a clear and balanced overview of The LIC IDFC FIRST Select Credit Card’s strengths and limitations, helping readers make an informed choice about whether this card fits their
Spending Habits And Financial Goals.
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