LIC Cards Services Limited (LIC-CSL) and IDBI Bank recently announced the launch of two new RuPay Credit Cards.
These credit cards will be officially known as the LIC CSL 'Eclat' Select Credit Card and 'Lumine' Platinum Credit Card. As per the announcement, these credit cards will allow credit cardholders access to a wide variety of new benefits that are expected to be the best in class.
Here, we will highlight some of the details of these credit cards and also share information on other credit card offerings by LIC.
What are the benefits of the newly launched LIC credit cards?
LIC and IDBI bank have together launched an innovative credit card product that offers a range of benefits to their customers. The focus of the benefits offered by these cards is on health, entertainment, travel, and also LIC reward points. The main objective of the card providers here is to elevate the credit card experience and make it holistic for cardholders.
Who can apply for the LIC IDBI RuPay credit cards?
Only select demographic customers can apply for these newly launched credit cards. LIC policyholders, agents, and employees of LIC India can apply for these credit cards. Employees of LIC’s subsidiaries such as LIC Housing can also apply for the co-branded cards.
What is the card limit?
LIC Lumine and Eclat credit cardholders will be allowed a credit limit customised to their needs. With every Rs. 100 worth of spend on the Lumine card, a cardholder gets 3 'delight' points. For the Eclat card, cardholders will earn 4 points. The cards come with a validity of 4 years and an interest-free credit period of up to 48 days.
Customers who pay towards the renewal or premium of a LIC insurance policy will receive two times the reward points on these cards.
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