Quick Verdict

  • The LIC Select Credit Cardⓘ wins for everyday spend with a higher base reward rate of 0.75% versus 0.5% on the Ixigo AU Credit Card.
  • For travel and lounges, the Ixigo AU Credit Cardⓘ offers superior travel category rewards at 5% and 4 domestic lounges annually, but the LIC Select card also provides international lounge access.
  • Both cards have no joining or annual fees, but the LIC Select card has a lower forex markup of 1.5% compared to 3.5% on the Ixigo AU card, making it cheaper for foreign currency spend.
  • Choose the Ixigo AU card if you prioritize travel rewards and domestic lounge access with moderate spend. Pick the LIC Select card for better overall rewards, international lounges, and lower forex costs. Those who rarely travel or use forex can skip both.

Side by Side

DetailIxigo AU Credit CardⓘLIC Select Credit Cardⓘ
Annual feeNil (lifetime free)Nil (lifetime free)
Joining feeNil (lifetime free)Nil (lifetime free)
Fee waiver on spendRs 1.00 lakh annuallyNone
Reward rate0.5% base, 5% travel, 1% UPI0.75% base
Reward typePointsPoints
Domestic lounge4 per year (Rs 30,000 quarterly spend gate)4 per year (Rs 20,000 monthly spend gate)
International loungeNone2 per year (Rs 20,000 monthly spend gate)
Forex markup3.5%1.5%
Best suited forTravel, UPI Rupay, LoungeLifetime-free, Rewards, Forex, Travel, Lounge

Rewards Compared

Spending Rs 10,000 on the Ixigo AU Credit Cardⓘ earns Rs 50 back at the base reward rate of 0.5%. However, if the spending is on travel, the rewards jump significantly to Rs 500 for the same amount, reflecting a 5% return. UPI transactions also earn a better 1% return or Rs 100 per Rs 10,000 spent. This makes the Ixigo AU card highly attractive for travel enthusiasts and those who frequently use UPI payments on Rupay.

On the other hand, the LIC Select Credit Cardⓘ offers a consistent base reward rate of 0.75%, resulting in Rs 75 back on Rs 10,000 spent regardless of category. While it does not provide category-specific bonuses like the Ixigo AU card, the higher base rate benefits users with diverse spending patterns who want steady rewards across all transactions.

Fees Compared

Both cards have no joining or annual fees, making them cost-effective to hold. The Ixigo AU Credit Cardⓘ waives fees provided you spend Rs 1.00 lakh annually, which translates to about Rs 8,333 per month. The LIC Select Credit Cardⓘ has no fee waiver condition since it is lifetime free.

For users who spend less than Rs 8,333 monthly, the Ixigo AU card’s fee waiver threshold may be a consideration, although no explicit annual fee applies. The LIC Select card is straightforward with no fee obligations regardless of spend, making it simpler for low spenders.

Which One Should You Pick

The Ixigo AU Credit Cardⓘ suits travelers who want high rewards on travel spends and access to four domestic lounges per year. It is also a good choice for users who frequently transact via UPI on Rupay and can comfortably meet the Rs 1.00 lakh annual spend requirement to maximize benefits.

The LIC Select Credit Cardⓘ is ideal for everyday spenders seeking a higher base reward rate and international lounge access. Its lower forex markup of 1.5% makes it the better option for frequent overseas transactions. This card is also well-suited for users who prefer a lifetime-free card without worrying about spend thresholds.

If you rarely travel or use forex services, both cards may offer limited value. Skip the Ixigo AU card if you cannot meet the spend waiver or do not prioritize travel rewards. Avoid the LIC Select card if you do not need international lounge access or want category-specific rewards.

What to Check Before You Apply

  • Confirm the quarterly and monthly spend gates for lounge access, as missing these can restrict benefits.
  • Check if the reward points redemption options suit your needs and if there is any cap on points earned.
  • Understand the fee waiver math on the Ixigo AU card to ensure you meet the Rs 1.00 lakh annual spend threshold.
  • Be aware of the forex markup differences, especially if you spend significantly abroad.
  • Verify which airports and lounges are accessible under each card’s domestic and international lounge benefits.

FAQ

What is the forex markup on these cards?+
The Ixigo AU Credit Cardⓘ charges a forex markup of 3.5%, which is the standard Indian rate. The LIC Select Credit Cardⓘ offers a lower forex markup of 1.5%, making it cheaper for foreign currency spends.
Are there any joining or annual fees on these cards?+
Both cards have no joining or annual fees and are lifetime free. However, the Ixigo AU card requires Rs 1.00 lakh annual spend to waive any potential fees, while the LIC Select card has no fee waiver conditions.
How many lounges can I access with these cards?+
The Ixigo AU card provides access to 4 domestic lounges annually with a Rs 30,000 quarterly spend gate but no international lounges. The LIC Select card offers 4 domestic and 2 international lounge visits per year, subject to a Rs 20,000 monthly spend gate.
Do these cards offer rewards on all spends?+
The Ixigo AU card offers 0.5% base rewards and higher returns of 5% on travel and 1% on UPI transactions. The LIC Select card provides a flat 0.75% rewards rate on all spends without category differentiation.
Is there a welcome benefit with these cards?+
The Ixigo AU card offers a welcome benefit of 1000 reward points and a Rs 1000 ixigo Money voucher on the first transaction within 30 days of issuance. The LIC Select card does not have any welcome benefits.