Quick Verdict
- For everyday spend, the IndusInd Platinum AUra Edge Credit Card ⓘ offers a better reward rate, especially in dining, grocery, and online categories.
- For domestic lounge access, the LIC Classic Credit Card ⓘ wins with two free visits per year given a monthly Rs 20,000 spend.
- Both cards have no joining or annual fees, making them equally cheap to hold.
- Choose the LIC Classic Credit Card ⓘ if you value complimentary lounge access and a strictly lifetime-free card. Opt for the IndusInd Platinum AUra Edge Credit Card ⓘ if your focus is on maximizing rewards on everyday shopping and online spends.
Side by Side
| Detail | LIC Classic Credit Card ⓘ | IndusInd Platinum AUra Edge Credit Card ⓘ |
|---|---|---|
| Annual fee | Nil (lifetime free) | Nil (lifetime free) |
| Joining fee | Nil (lifetime free) | Nil (lifetime free) |
| Fee waiver on spend | Not applicable | Not applicable |
| Reward rate | 0.5% | 0.7% base, 2.1% on dining, grocery, online |
| Reward type | Points | Points |
| Domestic lounge | 2 per year (with Rs 20,000 monthly spend) | None |
| International lounge | None | None |
| Forex markup | 3.5% | 3.5% |
| Best suited for | Lifetime-free, first-card, lounge | Lifetime-free, rewards, first-card, shopping |
Rewards Compared
The LIC Classic Credit Card ⓘ yields Rs 50 back on Rs 10,000 spent as a flat reward rate of 0.5%. This is a straightforward return with no category bonuses, making it predictable but modest for general spending. Its reward type is points, but effectively the return is 0.5% on all spends.
In contrast, the IndusInd Platinum AUra Edge Credit Card ⓘ offers Rs 70 back on the same Rs 10,000 spend at its base rate of 0.7%. More importantly, it boosts rewards to Rs 210 on Rs 10,000 spent in dining, grocery, and online categories, thanks to its 2.1% effective return rate. This makes it a stronger card for users who frequently spend in those categories, delivering over four times the rewards of the LIC Classic Credit Card ⓘ in those areas.
Fees Compared
Both cards charge no joining fee and no annual fee, making them lifetime free to hold. There is no fee waiver threshold to consider since fees are permanently waived. This means neither card requires a minimum spend to avoid fees, which is ideal for low or irregular spenders. The break-even point is irrelevant here as there is no fee to offset with rewards.
Which One Should You Pick
The LIC Classic Credit Card ⓘ is perfect for someone looking for a simple, fee-free credit card that includes domestic lounge access. It suits first-time credit card users or travelers who value lounge benefits without worrying about spend requirements. However, it is not ideal for those who want high rewards on daily expenses.
The IndusInd Platinum AUra Edge Credit Card ⓘ fits best for shoppers and online spenders aiming to maximize rewards. Its higher base rate and strong category bonuses make it a good first card for those focused on rewards over perks like lounges. But it lacks lounge access, so it is less suited for frequent flyers or those who prioritize airport benefits.
In summary, pick the LIC Classic Credit Card ⓘ if lounge access and zero maintenance cost are your priorities. Choose the IndusInd Platinum AUra Edge Credit Card ⓘ if you want better cashback on dining, groceries, and online shopping. Avoid the LIC Classic Credit Card ⓘ if rewards matter more than lounges. Skip the IndusInd Platinum AUra Edge Credit Card ⓘ if you need lounge access or want a simpler card with no category tracking.
What to Check Before You Apply
- Confirm the monthly Rs 20,000 spend gate to access domestic lounges on the LIC Classic Credit Card ⓘ.
- Verify the actual redemption value and process for points as both cards offer points, not direct cashback.
- Review forex markup fees of 3.5% if you plan to use these cards abroad as costs can add up quickly.
- Check which domestic lounges are covered and the accessibility of these lounges during your travel schedule.
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