LIC Classic Credit Card vs Shoppers Stop HDFC Bank Credit Card: Which Credit Card Wins in 2026?

Quick Verdict

• For everyday spend, both the LIC Classic Credit Cardⓘ and the Shoppers Stop HDFC Bank Credit Cardⓘ offer the same base reward rate of 0.5%, making neither a clear winner here.
• For shopping, especially online, the Shoppers Stop HDFC Bank Credit Cardⓘ wins hands down with a 6% reward rate in that category.
• The LIC Classic Credit Cardⓘ is cheaper to hold with no joining or annual fees, while the Shoppers Stop HDFC Bank Credit Cardⓘ charges Rs 299 for both.
• Pick the LIC Classic Credit Cardⓘ if you want a no-fee card with lounge access and simple rewards. Choose the Shoppers Stop HDFC Bank Credit Cardⓘ if you shop frequently at Shoppers Stop or online and can make the most of its category rewards and welcome benefits.

Side by Side

Rewards Compared

With Rs 10,000 spent, both the LIC Classic Credit Cardⓘ and the Shoppers Stop HDFC Bank Credit Cardⓘ earn Rs 50 in rewards at their base rate of 0.5%. However, the Shoppers Stop HDFC Bank Credit Cardⓘ shines in the online shopping category, offering a 6% reward rate which translates to Rs 600 for the same Rs 10,000 spend. This makes it a lucrative option for online shoppers or those who frequently shop at Shoppers Stop, especially considering the welcome benefit of a Rs 500 voucher and complimentary Silver Edge membership.

The LIC Classic Credit Cardⓘ maintains a simple and steady reward structure with no category multipliers but compensates with lifetime free fees and domestic lounge access. This card is better suited for users who prefer straightforward rewards and occasional lounge visits rather than category-specific bonuses.

Fees Compared

The LIC Classic Credit Cardⓘ has no joining or annual fees, making it completely free to hold for life. There is no fee waiver threshold since fees do not apply. In contrast, the Shoppers Stop HDFC Bank Credit Cardⓘ charges Rs 299 as both joining and annual fees. There is no fee waiver on spending, so the cardholder must factor in these costs.

The Shoppers Stop HDFC Bank Credit Cardⓘ requires Rs 59,800 of spend at the base reward rate to cover the Rs 299 annual fee purely through rewards. However, the high 6% reward rate on online spends can help offset this fee much faster if the cardholder spends heavily in that category.

Which One Should You Pick

Choose the LIC Classic Credit Cardⓘ if you want a completely free credit card with basic rewards and the added perk of domestic lounge access. It is ideal for first-time credit card users or those who want a simple card without worrying about fees or complex reward structures. Avoid this card if you prioritize high rewards on shopping or online spends.

Opt for the Shoppers Stop HDFC Bank Credit Cardⓘ if you frequently shop online or at Shoppers Stop and can utilize the 6% category rewards and welcome benefits. This card suits shoppers who can justify the Rs 299 fees with their spending patterns. Skip this card if you want a fee-free card or do not shop often in the specified categories.

Overall, if you want a no-fee card with lounge access and simple rewards, go for the LIC Classic Credit Cardⓘ. If you are a dedicated shopper looking for category rewards and welcome perks, the Shoppers Stop HDFC Bank Credit Cardⓘ is the better choice.

What to Check Before You Apply

• Confirm any caps on the 6% online reward rate with the Shoppers Stop HDFC Bank Credit Cardⓘ to ensure you can maximize benefits.
• Check the redemption value and process for points on both cards to understand how to convert rewards into actual savings.
• For the LIC Classic Credit Cardⓘ, verify the Rs 20,000 monthly spend gate for domestic lounge access and plan accordingly.
• Both cards charge a 3.5% forex markup; consider this if you intend to use the card abroad frequently.
• Check which lounges are accessible with the LIC Classic Credit Cardⓘ to ensure they are convenient for your travel routes.

FAQ