LIC Classic Credit Card vs RBL Bank ShopRite Credit Card: Which Credit Card Wins in 2026?

Quick Verdict

• The LIC Classic Credit Cardⓘ wins for everyday spend with a higher base reward rate of 0.5% compared to 0.4% on the RBL Bank ShopRite Credit Cardⓘ.
• For grocery and fuel purchases, the RBL Bank ShopRite Credit Cardⓘ strongly outperforms with 5% rewards, making it the better choice for category-specific spenders.
• Both cards have no joining or annual fees, but the RBL Bank ShopRite requires Rs 2 lakh annual spend for fee waiver, which is a consideration for heavy spenders.
• Choose the LIC Classic for a no-fee, lounge-access card suitable as a first credit card. Opt for the RBL ShopRite if your spend focuses on groceries and fuel and you want higher cashback potential in those categories.

Side by Side

Rewards Compared

The LIC Classic Credit Cardⓘ offers a straightforward base reward of 0.5%, which means spending Rs 10,000 yields Rs 50 back in points. This makes it a reliable choice for general spenders who want consistent returns without tracking categories. The card earns Rs 50 on Rs 10,000 regardless of spend type, providing simplicity and steady value.

In contrast, the RBL Bank ShopRite Credit Cardⓘ has a slightly lower base reward rate of 0.4%, resulting in Rs 40 back on Rs 10,000 of generic spend. However, it excels in grocery and fuel categories with a whopping 5% reward rate, translating to Rs 500 back on Rs 10,000 spent in these areas. This makes the ShopRite card particularly valuable for shoppers with heavy grocery and fuel bills. Outside these categories, the rewards are modest.

Fees Compared

Both cards come without joining or annual fees, which is ideal for fee-averse users. The LIC Classic Credit Cardⓘ is truly lifetime free with no fee waiver conditions, making it a worry-free option for low or irregular spenders.

The RBL Bank ShopRite Credit Cardⓘ also has no joining or annual fee but technically requires Rs 2 lakh annual spend for fee waiver. This equates to Rs 16,667 monthly spend to avoid fees, although the fee itself is listed as nil in the FACTS. This may imply a threshold for maintaining benefits or avoiding future fees. Users with monthly spends below that level should verify fee applicability.

Which One Should You Pick

Choose the LIC Classic Credit Cardⓘ if you want a simple, no-fee credit card that earns a steady 0.5% rewards on all spend and includes two free domestic lounge visits per year. It suits first-time cardholders or those prioritizing lounge access alongside rewards without worrying about minimum spends.

The RBL Bank ShopRite Credit Cardⓘ is best if your expenses are heavily weighted towards groceries and fuel, as the 5% reward rate in these categories delivers substantial cashback. It also suits shoppers looking for category-specific rewards and willing to meet the Rs 2 lakh annual spend threshold to maximize benefits.

Overall, if you want a hassle-free, lifetime-free card with lounge access and consistent rewards, pick the LIC Classic. If you spend a lot on groceries and fuel and can meet the spend requirements, the RBL ShopRite offers much higher returns in those categories. Avoid the LIC Classic if you want category bonuses, and skip the RBL ShopRite if you cannot meet the spend gate or want lounge access.

What to Check Before You Apply

• Confirm the exact fee waiver conditions on the RBL ShopRite card, especially if your spend fluctuates below Rs 16,667 monthly.
• Investigate how reward points convert to actual redemption value; points may differ in worth depending on the scheme.
• For the LIC Classic, note the Rs 20,000 monthly spend gate to access the two free domestic lounge visits.
• Both cards charge 3.5% forex markup on foreign currency spend; consider this if you travel internationally or shop abroad.

FAQ