LIC Axis Bank Gold
CancelThe rung LIC deleted — free, ₹1.8 lakh to qualify, and paid in the cheapest point on the shelf.
a year at ₹40,000 a month, after the fee
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Welcome: Not published — neither LIC's product page nor its 2011 Schedule of Charges advertises a joining or first-spend bonus on this tier
Priced on the everyday mix — 30% groceries · 10% utilities · 20% travel · 6% fuel · 34% everything else — with this card's published category rules applied. Plus milestones, minus the fee. No accelerator credit — the ranking model on /compare adds ~20% of spend at the card's best accelerator, so its ₹ for this card reads higher.
How these numbers are computed — and why the rankings show a bigger one →
Spend tiers, milestones and fee waivers included, at our house ₹/point. Portal and category multipliers can push higher — run your exact number →
Pays from the first rupee
At ₹1,000 a month — ₹12,000 a year — on the everyday mix this card returns ₹0 gross (earn ₹0) against its ₹0 fee = ₹0 net — at or above ₹0 from the first rung we price. The ladder runs in ₹1,000 steps to ₹1,00,000 a month and ₹10,000 steps to ₹5,00,000; figures are rounded to the hundred, and the accelerator is never credited.
3 notes on the card itself: how it is issued · the network variants · why it ranks #1081
Why #1081 The fourth rung of LIC's original 2011 shelf, dropped somewhere between then and the three-card line-up LIC published later. Carried for the record and ranked below every card a reader can still apply for — and even then it earned at the shelf's cheapest point rate.
The Gold shared a redemption column with the Titanium, which is how this desk can price a tier LIC stopped publishing: the 2015-effective LIC Credit Cards Rewards Catalogue heads its first price column "LIC Gold & Titanium" against separate "LIC Platinum" and "LIC Signature" columns, and prices an "Axis Gift Card INR 1000" (product code LG096) at 3,500 points in that shared column against 1,400 and 1,050. That is about ₹0.29 a point where a Signature point is about ₹0.95, and `earn.base` bakes the haircut in. The same code and the same three numbers are still in the catalogue Axis serves today, which is what makes the reading safe rather than archival.
The take
When LIC Cards Services launched its credit-card shelf with Axis Bank in March 2011 it launched FOUR cards, not the three LIC's later pages describe. This is the one that disappeared, and it is worth carrying because of who it was aimed at: the income bar was ₹1,80,000 — the lowest LIC ever published — and LIC's own eligibility block offered a way round income proof entirely, a "sourcing surrogate" of ₹20,000 of annual LIC premium. That is a credit card underwritten by an insurance receipt, sold in seven cities, and free forever on the only fee line anyone printed for it. The earn is the shelf's standard construct: two Reward Points per ₹100 on LIC premiums and international spends, one everywhere else, with no excluded category named on this tier — unusual, since the surviving Titanium page excludes fuel, wallet loads and EMI by name. What it is worth is the catch. LIC's rewards catalogue put Gold and Titanium in one shared price column, so an Axis gift card worth ₹1,000 cost 3,500 points here against 1,050 on the Signature; general spend earned about 0.29%. The card also contradicts itself in public on the one benefit a low-income cardholder would care about: its features block promises a 2.5% fuel-surcharge waiver between ₹400 and ₹4,000, and its own summary table two paragraphs later answers "Fuel Surcharge Waiver — No". This desk claims neither. What did survive is the oddest thing on the page — an offers list running to DearCinema.com, FoodkaMood.com, Surat Diamond and Weekender, which dates the card more precisely than any of its numbers.
Your renewal — keep, downgrade or cancel
This card is lifetime free. There is no fee due, no renewal to weigh, and nothing to cancel to save.
Keep, downgrade or cancel
nothing due at the anniversary · 5 spend bands
The charge ₹0 — lifetime free
At your spend
₹900 a year at ₹3,00,000 of annual spend
₹1,700 a year at ₹6,00,000 of annual spend
₹3,400 a year at ₹12,00,000 of annual spend
₹10,300 a year at ₹36,00,000 of annual spend
₹17,100 a year at ₹60,00,000 of annual spend
Everyday earn plus milestones, with no fee to subtract — the same model as the value panel above, so the two cannot disagree. run your exact spend →
The downgrade
Axis Bank publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and the numbers above are the whole of it.
What has changed under this card
- 23 Sep 2026 Axis EDGE brings Accor back, drops ITC, and adds Cathay, Miles & More and Hilton issuer-wide
- 28 Aug 2026 Axis more than doubles its DCC markup — 3.5% generic, but Olympus and Magnus get their own rates issuer-wide
- 28 Aug 2026 Priority Pass stops opening Indian domestic lounges on every Axis card issuer-wide
We price what is in force today — a change that has not happened yet is not in these numbers. the full archive for this card →
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- Free on the only fee line LIC published for it — the 2011 Schedule of Charges prices all four tiers at Nil standard annual fee
- The lowest income bar LIC ever published, ₹1,80,000 — with an alternative route in, a "sourcing surrogate" of ₹20,000 of annual LIC premium instead of income proof
- 2 Reward Points per ₹100 on LIC premium payments and international spends, 1 everywhere else, with no category excluded on this tier
- Complimentary lost-card liability cover of ₹1 lakh — twice the ₹50,000 the surviving Titanium tier's summary table promises
- Up to 50 interest-free days, up to three add-on cards and free add-on issuance
Watch out
- WITHDRAWN — LIC's 2011 fee grid prices four tiers and its later one prices three; the matching "Our Cards" page says "a range of 3 Cards" and this is not one of them, and LIC's whole card site 404s today
- A POINT WAS WORTH ABOUT ₹0.29. LIC's catalogue put Gold in a shared price column with Titanium, where an Axis gift card worth ₹1,000 cost 3,500 points against 1,050 on the Signature
- THE PAGE CONTRADICTS ITSELF ON FUEL: the features block promises "2.5% fuel surcharge waiver at all fuel pumps across India" and the summary table answers "Fuel Surcharge Waiver — No". Neither is claimed here
- Sold in seven cities only, per LIC's own eligibility block — a card you could not get outside them
- Points carry a ₹30 plus GST handling charge on every redemption request and a 1,000-point floor, and a balance untouched for six months is zeroised
- The international accelerator is a trap on any LIC card: 2 points per ₹100 is about 0.57% against a 3.50% foreign-currency markup on the same transaction
- NO airport benefit was ever published for this tier — LIC's airport programme document is dated 2015, after the Gold had already gone from its shelf, and names no tier in any case
What these points actually fly
No live transfer route takes LIC Axis Bank Reward Points into a programme that publishes an award chart. These points buy catalogue and portal redemptions, not award seats — so this page has no flight to show you, and will not invent one.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
Lounge access
0 of 793 tracked doors
No lounge access. This card opens exactly 0 of 793 tracked lounge doors — board with the crowd, or find a card that doesn't →
Can you get it?
the route in — no cutoffs published
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Closed to new applications — existing cardholders keep the card; there is no way in.
You cannot. LIC dropped this tier from its own line-up — its later Schedule of Charges and "Our Cards" page carry three tiers and not this one — Axis publishes no LIC Gold page, and LIC Cards' site now 404s in full.
Axis Bank publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
no MITC row researched for this card yet · filter the board by what you can get →
What's changed for this card
8 dated changes
Devaluations and buffs that touch this card directly, its issuer, or the points and programs it earns and transfers to. Every one is dated here; the tracker carries each one's before → after and the write-up.
- 15 Nov 2026The Reserve's memberships stop renewing unless you say yesClub ITC Culinaire, Accorplus, handcrafted Club Marriott Asia Pacific, EazyDiner Prime and Priority Pass renewed automatically each year for as long as the card was open → From 15 Nov 2026 complimentary memberships linked to the card renew only with the cardholder's explicit consent — Axis says renewal and consent details will be shared closer to each renewal date. The same notice flips Priority Pass off at Indian domestic lounges from 28 Aug 2026 (present the Reserve card itself) and adds a ₹1,300 late-payment slab above ₹50,000 outstanding
The Reserve's whole defence of a ₹50,000 fee is the membership stack — Club ITC Culinaire with its free third night, Accorplus, handcrafted Club Marriott Asia Pacific, EazyDiner Prime, and the unlimited Priority Pass. Axis's own Reserve revision notice says that from 15 November none of them renew unless you actively consent. Framed as a choice, it works as breakage: the failure mode of an opt-in is silence, and a cardholder who misses the renewal email keeps paying ₹50,000 for a card whose benefits have quietly lapsed. Reserve is on the same list as Select, Magnus, Magnus for Burgundy, Burgundy Private, Olympus and both Miles & More cards, so this is the whole Axis premium book learning the same trick. Two other things ride the notice: from 28 August the Priority Pass card stops opening Indian domestic lounges — you present the Reserve itself against Axis's own eligible-lounge list, and post-immigration lounges at Indian international terminals still count as international — and a fifth late-payment slab of ₹1,300 appears above ₹50,000 outstanding. Notably, the Reserve notice carries no dynamic-currency-conversion line at all while the bank-wide grid goes 1.5% → 3.5%, and the card's 1.5% foreign transaction fee is untouched.
- 1 Nov 2026Privilege's movie buy-one-get-one becomes a spend gate
- 1 Nov 2026IndiGo Axis Premium's movie BOGO grows a ₹25,000 spend gate
- 1 Nov 2026The movie-BOGO spend gate reaches My Zone too — ₹25,000 in the previous 3 months
- 1 Nov 2026NEO's BookMyShow discount grows a ₹25,000 spend gate
- 1 Oct 2026SELECT's ₹3L milestone stops counting the spends it never rewarded
- 23 Sept 2026Axis EDGE brings Accor back, drops ITC, and adds Cathay, Miles & More and HiltonAccor and Marriott off the grid since 2 April 2026; Club ITC live; no Cathay, Miles & More or Hilton → Accor live at the punished rates; ITC removed; Cathay, Hilton and Miles & More live; Marriott still gone
Axis's own Travel EDGE terms, re-read 25 September 2026, already show the grid that went live on 23 September. Accor ALL is back, and not at the old Atlas 1:2: EDGE Miles convert at 2:1 (Olympus 1:2) and EDGE Rewards at 5:1, with Magnus for Burgundy at 5:2 and only Burgundy Private still at 5:4. Club ITC is off the table. Three partners are new. Cathay Asia Miles sits on that same punished grid. Hilton Honors is the ordinary one: EDGE Miles 1:2, EDGE Rewards 5:2, Burgundy 5:4. Lufthansa Miles & More is the exception on Atlas, which converts 1:1 there while every other standard airline on that card is 1:2; the EDGE Rewards side of Miles & More is the ordinary 5:2. Marriott stays removed. Qatar Privilege Club was already back. Flying Blue, Air India and Qantas moved into Group A, which is the capped group. The Axis Rewards credit card's Amex network is advertised as joining-fee and annual-fee nil for a limited period; there is no separate Amex variant on this board, so that offer is not modelled as a fee change.
- 1 Sept 2026Burgundy Private's lapse fee doubles to ₹1 lakh
Every Axis Bank change we've dated → 38 events since 2019, 25 of them nerfs — worst year 2026.
Verified against Axis Bank's own documents on · the net-annual-value engine, at our house ₹/point
Every document behind this page — 4 of them, each with the day we read it
- official LIC Cards' own Gold product page (3 Nov 2011 capture) — the reward grid, the ₹1.8 lakh income bar, the premium surrogate, the ₹1 lakh cover and the summary table
- official LIC Cards' 2011 Schedule of Charges — the FOUR-column fee grid, the only document that prices this tier, and the record that the shelf launched with four cards
- official LIC Cards' rewards catalogue effective September 2015 (archived 03-Aug-2016) — the shared "LIC Gold & Titanium" price column that is the only thing that ever valued a Gold point
- official LIC Cards' later Schedule of Charges (24 Jun 2021 capture) — three columns where the 2011 grid had four, the sourced basis for availability:closed