LIC Gold EMV Cards provides Free Card - No Joining Fees, No Annual & Renewal Fees.
Predefined Credit Limits: The card holders would have the flexibility of fixing credit limits less than the credit limit assigned to them and transactions beyond the card holder specified limit would be declined. This facility will also be applicable on the add-on cards issued against the account. The predefined limits can be changed on request and will be effective from the next billing cycle.
Temporary Credit Limit Enhancement*: Card holders can request for temporary enhancement in their credit limits and such temporary enhancement would be considered up to 30% of the original credit limit. The temporary credit limit would be restored to the original credit limit during the next billing cycle. This facility is
Revolving Credit Facility: On receiving the credit card statement, the cardholders would have the option of any one of the following payment options:
Payment of the Minimum Amount Due and carry forward the balance to the next
b) Payment of any amount greater than Minimum Amount Due and the total amount due
c) Payment of the total amount due i.e., total amount outstanding
Balance Transfer Facility*: The cardholder shall have the option to transfer the balances from other Bank credit card to their credit card account. This option would be provided only to the Primary Cardholder.
VISA Bill Pay facility: Credit cardholders shall also have the facility for paying utility bills and payments to various other services through their credit card using the VISA bill pay facility. Cardholders will have to register for the facility at http://www.visabillpay.in and can make payment to over 120 billers as on date. VISA International offers this service to all its cardholders.
Visa Bill Pay is a unique online service that enables cardholders with Visa branded cards issued by any Visa member to conveniently make their bill payments using their Visa branded cards. This is the first such service for cardholders in the Asia Pacific region and is currently available for cardholders in India.
Equated Monthly Installment Payments*: Cardholders have the option to convert any purchase transactions made using the card for value equal to more than Rs.2500/- into Equated Monthly Installments (EMI) of 6, 12 or 24 months. The interest rate for the amount would be 16% p.a. for tenor less than 6 months and 18% p.a. for tenor more than 6 months.
would be provided only after one year of satisfactory operations in the credit
Subject to terms and conditions as mentioned in card user's guide.
· Interest rate for revolving credit - 2.75% p.m [annualized 33%]
· 5 years validity
· Photo Card with imprinted signature
· Max. three add on cards
· Cash withdrawal upto 10% of the limit
· Interest Free Credit period ranging from 15 to 45 days.
· Personal Accident Insurance. - Rs. 1.00 lakh
· Purchase Protection of maximum Rs. 50,000/- upto 60 days.
· Credit Shield of upto Rs. 50,000/- in case of Permanent Disability. (subject to terms and conditions)
· One reward point for every Rs. 150 spent. 1 Reward point = Rs. 0.25. Rewards Points adjustable against outstanding amount or request before 30th June over & above 500pts
· Billing Date - 21st of every month
· Payment due date 5th/6th of every month.