Hello Cashback vs LIC Select

Reviewed by Chandan Kumar Dash

LIC Select has the lower annual fee (Free against ₹1,000). Hello Cashback waives its fee on ₹2,00,000 of spend a year; LIC Select has no spend waiver. Which one earns more depends on where you spend. The Saifu app works it out on your own spends, on your phone.

Feature	Hello CashbackIDFC FIRST0 wins	LIC SelectIDFC FIRST2 wins · ahead
Annual fee	₹1,000	LowerFree
Joining fee	Free	Free
Fee waiver	Waived on ₹2,00,000 spend a year	No fee to waive
Rewards	Up to 5% cashback across categories; 1% cashback on UPI spends via the bank app	10X rewards on LIC premium payments; 5X on essentials and other spends; 1X = 1 reward point per ₹125
Airport lounges	None listed	More2 a quarter domestic
Forex markup	0% plus GST	0% plus GST
Points	Cashback or not listed	Reward Points, about ₹0.25 a point
Published minimum income and age	age 18 to 80	Not published
Network	Not listed	Not listed
Apply	ApplyAffiliate link	Bank page

Badges mark the lower fee, waiver spend or markup, and more lounge visits. Rewards are not scored here because they depend on where you spend. Affiliate link, costs you nothing extra, we may earn a commission, never changes how cards are ranked. Figures come from each bank's page and can change; check before you apply.

Common questions

Which has the lower annual fee?

LIC Select (Free against ₹1,000). Hello Cashback waives it on ₹2,00,000 of spend a year.

Add a third card Hello Cashback LIC Select

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