LIC Axis Bank Signature
Axis Bank · Checked 2026-10-09
LIC Axis Bank Signature is a no-annual-fee option centred on shopping rewards, reward points and airport lounge access.
CardIQ editorial view
Our take
LIC Axis Bank Signature is a no-annual-fee option centred on shopping rewards, reward points and airport lounge access.
Who it suits
- People who prioritise shopping rewards.
- People who prioritise reward points.
- People who prefer keeping a card without an annual membership cost.
Key strengths
- 2 reward points per ₹100 on eligible LIC premiums and foreign-currency purchases.
- 1% fuel surcharge waiver on ₹400–₹4,000 transactions, capped at ₹400 monthly; fuel spending earns no points.
- Up to 8 domestic lounge visits per year (2 per quarter), conditional on ₹50,000 eligible spending in the preceding 3 months.
Trade-offs to understand
- 1 reward point per ₹100 on other eligible purchases; fuel, wallets and EMI conversions are excluded.
- 1% fuel surcharge waiver on ₹400–₹4,000 transactions, capped at ₹400 monthly; fuel spending earns no points.
- Up to 8 domestic lounge visits per year (2 per quarter), conditional on ₹50,000 eligible spending in the preceding 3 months.
CardIQ verdict
A sensible long-term choice when you want shopping rewards, reward points and airport lounge access without a recurring membership charge. Check this condition before applying: 1 reward point per ₹100 on other eligible purchases; fuel, wallets and EMI conversions are excluded.
Compare before deciding
- AU NOMO — A similarly priced alternative for comparing shopping rewards and reward points.
- Federal Bank Imperio — A similarly priced alternative for comparing shopping rewards and reward points.
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Benefits, limits and conditions
- 1 reward point per ₹100 on other eligible purchases; fuel, wallets and EMI conversions are excluded.
- 1% fuel surcharge waiver on ₹400–₹4,000 transactions, capped at ₹400 monthly; fuel spending earns no points.
- Up to 8 domestic lounge visits per year (2 per quarter), conditional on ₹50,000 eligible spending in the preceding 3 months.