LIC Credit Card and Credit Card Protection program

LIC credit card holders can now report loss of any of their cards from anywhere in the world to a 24-hour helpline launched by LIC Cards Services. 

LIC Cards Services Ltd has launched Card Protection Plan for its credit card customers in partnership with CPP Assistance Services which will safeguards all of the LIC cardholder's payment cards - credit, debit and ATM cards. 

The members can also be able to register their non-financial cards such as store cards, loyalty and membership cards. 

Credit Card Security

Besides these, customers will be able to retrieve important details on lost/stolen documents like passport, PAN and driving license also 

To avail the new service, customers would need to purchase a membership plan offered by LIC and register their cards with CPP.

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Deutsche Bank Airline/World miles credit card

Deutsche Bank is set to launch a credit card that will allow the users to redeem points — or flight miles — accumulated by booking flight tickets using the card — named WorldMiles credit card — against airline tickets. The WorldMiles credit card is offered in two variants, Platinum and Signature. 

To use the service, card holders need to log on to their accounts — created automatically once the card is issued — on myworldmiles.com and buy tickets from any airline (international, domestic, full service as well as low cost) through the portal. 

In addition to ‘FlightMiles’ accumulated on tickets purchased on the portal, the user also earns ‘SpendMiles’ for booking the tickets through the card. These SpendMiles, too, can be redeemed against flight tickets. Spends made on the card for purposes other than air travel also yield ‘SpendMiles’. On the Signature variant, every Rs 100 spent will fetch you three SpendMiles — two in the case of Platinum. These miles can be collected in addition to the points you would earn as per the airlines’ frequent flyer programmes. 

While such schemes offered by airlines restrict the redemption to their tickets bought from the carrier, this one is airline-agnostic — you can redeem the miles accumulated against tickets of any airline. It also allows you to accumulate miles when you fly low-cost airlines which, barring a few, do not run frequent flyer schemes. You can accumulate the miles if you use the card to book tickets for your family members, friends or associates as well. 

Which Airline Credit Card to apply?

There are certain limitations, though. Since the miles earned can be redeemed only against flight tickets, those looking for a diverse rewards programme may not find this offering appealing. The points earned on an airline’s frequent flyer programme cannot be clubbed with the miles earned via this credit card. That is, assuming a traveller has accumulated 500 points on the airline’s frequent flyer programme and another 500 miles on the WorldMiles credit card — and assuming, hypothetically, that 1000 miles entitle a card holder to one free ticket — the two cannot be clubbed together to buy one ticket. The miles accumulated from the card and the airline’s scheme will have to be redeemed separately. 

While the joining fee for the Platinum variant is Rs 5,000, one will have to shell out Rs 7,500 for the Signature card. In addition, the annual maintenance fees amount to Rs 1,500 and Rs 2,500, respectively. 

The card and the programme are operational on a pilot basis, and the bank is planning a full-fledged launch shortly.

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Which Business Credit Card to apply?

Demand for business credit cards has increased substantially among the Indian consumers. Business credit cards are preferred for their convenient terms and conditions and host of financial benefits. 

A number of credit card providers offer business credit cardsfor the Indian customers. Features of business credit cards are designed to take care of the financial requirements of all types of customers. In India, business credit cards come with wide range of basic and additional benefits. Lucrative reward schemes that are offered with business credit cards make them highly popular among the credit card users in India. 

Business Credit Card Issuers in India 

There is no dearth of business credit card providers in India. Reward schemes and benefits offered by business credit cardsare different for different credit card providers. Some of the leading business card issuers in India are as follows:

Þ    HSBC

Þ    ICICI

Þ    State Bank of India

Þ    American Express

Þ    Citibank

Leading Business Credit Cards in India
Following are the leading business credit cards available in India:

Þ    Deutsche Bank Corporate Credit Card

Þ    Standard Chartered Executive Credit Card

Þ    HDFC Bank Corporate Credit Card

Þ    BOBCARD Corporate Global Credit Card

Þ    HDFC Bank Gold Business Credit Card

Þ    Cancard Visa Corporate Credit Card

Þ    Jet Airways CitiBusiness Credit Card

Þ    Axis Bank Corporate Credit Card

Deutsche Bank Corporate Credit Card
Following are the main features of Deutsche Bank Corporate Credit Card:

Þ    It is a corporate branded credit card.

Þ    Cash advance fee is 2.5% per month. Minimum cash advance fee is INR 250.

Þ    Cardholders can monitor and manage expenditures of their personal business enterprises on Internet. This facility is known as MIS.

Þ    Issuer is MasterCard.

Þ    Cardholders receive insurance benefits.

Þ    Issuing bank is Deutsche Bank.

Þ    Joining and renewal are free.

Þ    There are 0% fuel surcharge facilities available at all outlets.

Þ    Regular interest rate is 2.95% per month.

Þ    There are special rewards.

HDFC Bank Corporate Credit Card 
Following are main features of HDFC Bank Corporate Credit Card:

Þ    There are MIS reporting facilities.

Þ    Regular interest rate is 2.65% per month.

Þ    Cardholders receive discounts all over the world.

Þ    Cash advance fee is 2.5% per month. Minimum cash advance fee is INR 300.

Þ    There are 0% fuel surcharge facilities.

Þ    Issuer is MasterCard.

Þ    Interest rate is low.

Þ    Issuing bank is HDFC Bank.

Þ    There are accident insurance cover facilities.

Þ    There are special corporate rewards.

Þ    There are no joining and renewal fees.

How to apply for a Credit Card

Which Airline Credit Card to apply?

There are 25 major airline credit cards available in India. These cards provide a number of travel related benefits to cardholders. 

Diners Club British Airways Credit Card
Following are some interesting facts about Diners Club British Airways Credit Card:

Þ    First year is free.

Þ    Renewal fee is INR 3000.

Þ    Cardholders can earn 2.5 BA miles. This offer is applicable for every INR 100 spent by cardholders with the card.

Þ    Regular interest rate is 2.75% per month.

Þ    Cardholders get access to international standard business centers and lounges.

Þ    Cash advance fee is 3% per month. Minimum cash advance fee is INR 100.

Þ    Cardholders receive priority booking facilities in busy flights. They receive meal and seat preferences as well.

Þ    Issuer is Diners Club.

Þ    There are no joining fees.

Þ    Co-brand of this card is British Airways.

American Express Kingfisher First Credit Card
Following are some points on American Express Kingfisher First Credit Card:

Þ    Cardholders receive air accident insurance with the maximum coverage of INR 1 crore.

Þ    Renewal fee is INR 10,000.

Þ    Cardholders receive a maximum of two round trip tickets for free in Kingfisher Airlines. These services are provided on the basis of

Þ    expenditure made with the card.

Þ    Issuer and issuing bank is AMEX.

Þ    Cardholders receive special discounts provided by Airtel.

Þ    There are 0% fuel surcharge facilities available at HPCL outlets.

Þ    Joining fee is INR 50,000.

American Express Indian Airlines Credit Card
Following are some interesting facts about American Express Indian Airlines Credit Card:

Þ    Cardholders get 15% discounts in economy class flights and 10% rebates in business class flights.

Þ    Joining and renewal fees are INR 3750 each.

Þ    There are 5% discounts on super saver fares.

Þ    Regular interest rate and cash advance fees are 1.9% each.

Þ    There are business class upgrades for free.

Þ    AMEX is issuing bank and issuer.

Þ    There are complimentary tickets.

Þ    There are 0% fuel surcharge facilities at HPCL outlets.

Following are some other airline credit cards available in India:

Þ    ABN AMRO Smart Gold Credit Card

Þ    Jet Airways Citibank Platinum Credit Card

Þ    ICICI Bank Gold American Express  Credit Card

Þ    Jet Airways Citibank Silver Credit Card

Þ    Deutsche Bank Classic Credit Card

Þ    American Express Indian Airlines Gold Charge Card

Þ    Deutsche Bank Smart Gold Credit Card

Þ    American Express Indian Airlines Green Charge Card

Þ    Deutsche Bank Platinum Credit Card

Þ    GoAir SBI Credit Card

Þ    Deutsche Bank Miles & More Platinum Credit Card

Þ    Standard Chartered Emirates Platinum Credit Card

Þ    Deutsche Bank Miles & More Signature Credit Card

Þ    Standard Chartered Emirates Titanium Credit Card

Þ    HDFC Bank Platinum Plus Credit Card

Þ    HSBC Platinum Credit Card

Þ    HDFC Bank Platinum Plus Credit Card

Þ    Yatra Barclaycard Platinum Credit Card

Þ    HDFC Bank Visa Signature Credit Card

Þ    ABN AMRO MakeMyTrip Go Credit Card

Þ    Jet Airways Citibank Gold Credit Card

Þ    ICICI Bank Platinum Identity Credit Card

  Þ    Deutsche Bank Airline/World miles credit card


How to apply for a Credit Card