Best Federal Bank Credit Card: Check Features, Benefits, Rewards & Cashback-2024

Best Federal Bank Credit Card: Check Features, Benefits, Rewards & Cashback-2024

With the right credit card, you can change your financial journey and Federal Bank has some of the best options that could cater to all who are willing for rewards. The best Federal Bank credit cards offer something for everyone interested in earning cashback on everyday purchases, travelling with exclusive privileges, or enjoying unbeatable rewards.?

In this article, we will list the top Federal Bank credit cards that excel in terms of benefits and features and offer a unique value to your wallet.?

List of Top Federal Credit Cards?

List of the best credit cards issued by Federal Bank in 2024:

  1. Federal Bank Scapia Credit Card
  2. Federal Bank Imperio Credit Card?
  3. Federal Bank RuPay Signet Credit Card?
  4. Federal Bank Celesta Credit Card?
  5. Federal Bank RuPay Wave Credit Card

1. Federal Bank Scapia Credit Card

Federal Bank Scapia Credit Card

With a wide range of premium perks, particularly for frequent travellers and high net-worth individuals, the Federal Bank Scapia Credit Card is the bank's best & most powerful credit card. Additionally, all petrol stations in India waive the fuel surcharge while using the Scapia Card. The Scapia Credit Card, which combines worth, security, and luxury with a large credit limit, versatile spending options, and modern security features like contactless payments and EMV chip technology, is the flagship model in Federal Bank's credit card collection.

  • Joining Fee: NIL
  • Renewal Fee: NIL
  • Best Suited For Travel
  • Welcome Benefits: Earn Scapia coins for all online & offline transactions.

2. Federal Bank Imperio Credit Card?

Federal Bank Imperio Credit Card?

Among Federal Bank's credit cards, the Federal Bank Imperio Credit Card comes out as an attractive choice for individuals seeking an ideal combination of elegance and affordability. It blends grace and safety with no liability for lost cards, contactless transaction choices, and robust security features. For selective consumers, the Federal Bank Imperio Credit Card is a very unique and flexible choice because of its combination of significant rewards, travel advantages, lifestyle bonuses, and improved security.

  • Joining Fee: NIL
  • Renewal Fee: NIL
  • Best Suited For: Daily Expenses?
  • Welcome Benefits: Get rewards up to 3x on groceries.

3. Federal Bank RuPay Signet Credit Card?

Federal Bank RuPay Signet Credit Card?

For the daily spenders to saving lovers, this Federal Bank RuPay Signet Credit Card is a game changer. So, with that said the card is unique in its 0 annual fee and would be a very favorable pick for people who want to have all of those benefits without paying the charges. The card gives away more reward points on key categories as rewards. The integration with RuPay Select benefits, the card provides free airport lounge access and an edge of insurance coverage as well as tailored lifestyle offers to benefit users in multiple ways.

  • Joining Fee: NIL?
  • Renewal Fee: NIL
  • Best Suited For: Shopping?
  • Welcome Benefits: Lifetime free access to this card.

4. Federal Bank Celesta Credit Card?

Federal Bank Celesta Credit Card?

This premium card from the Federal Bank offers exclusive rewards, setting it apart as an excellent option for high-net-worth individuals in search of luxury and ease in their financial matters. This is a highly kept net individual tailor-made card and offers world distinctive priority services, including free international & domestic lounges, which make sure your journey runs smoothly with added comfort. Also, the cart offers exclusive golf access and premium concierge service in addition to having huge insurance coverage that includes travel insurance,purchase protections, etc.

  • Joining Fee: NIL
  • Renewal Fee: NIL
  • Best Suited For Travel & luxury lifestyle?
  • Welcome Benefits: Get free lounge access two times in a year.

5. Federal Bank RuPay Wave Credit Card

Federal Bank RuPay Wave Credit Card

This card, which is enabled by RuPay, India's very own payment network (approved and directly supported by the government of India), allows customers to make contactless payments. Users can just wave their cards for faster and more secure transactions that are perfect for everyday use cases such as in public transportation. The key selling point of the RuPay Wave Credit Card is its low price structure and easy entry requirements so that it will be accessible to a wide range of customers: new credit card users, students and well-wishers who are seeking an affordable but effective financial solution.

  • Joining Fee: NIL
  • Renewal Fee: NIL
  • Best Suited For: Daily Expenses?
  • Welcome Benefits: Get Cashback up to 10% on your initial UPI payment.

Federal Credit Card Features & Benefits

A variety of credit cards are available from Federal Bank to satisfy the various demands of its customers. Every card has a range of features and perks which make spending easier and money management simpler.?

Listed below is a detailed examination of the exceptional qualities and advantages of Federal Bank credit cards:?

1. No Joining Fee: Federal Bank credit cards often provide no costly joining fees, which makes them a desirable choice for both new and existing cardholders. Customers can profit from a credit card without thinking about up-front costs because there are either no membership fees or very little ones. This option is particularly useful for people who want to experiment with using credit cards without making a big financial commitment upfront.

2. Balance Transfer Facility: With the help of Federal Bank's balance transfer facility, customers can move their outstanding amounts from credit cards issued by other banks to Federal Bank cards at a discounted interest rate. This function facilitates better payment management and debt consolidation, which ultimately results in interest expense savings. For cardholders, it's a great way to pay off debt more quickly and affordably.?

3. Annual Percentage Rate: The Dynamic Annual Percentage Rate (APR) on Federal Bank credit cards is based on the customer's creditworthiness and spending habits, and it starts at 5.88% annually. A person with a solid credit history can be eligible for cheaper rates due to this variable interest rate structure, which lowers the cost of borrowing. In addition to promoting wise spending and on-time payments, the dynamic APR also helps consumers better manage their finances.?

Federal Credit Card Rewards & Cashback

The credit card rewards & cashback programs offered by Federal Bank offer a great way to make money off of your purchases.?

1. Federal Bank Visa Signet Credit Card:

  • Every Rs. 100 spent on clothing and electronics earns you 3 Reward Points.?
  • For every Rs. 100 spent elsewhere, earn 1 reward point.

2. Federal Bank Visa Celesta Credit Card:

  • Spending Rs. 100 on travel and international categories earns you 3 Reward Points.
  • With every 100 rupees spent anywhere else, earn 1 reward point.?

3. Federal Bank Visa Imperio Credit Card:

  • Every 100 rupees spent on entertainment earns you two reward points.?
  • Every 100 rupees spent elsewhere earns you 1 reward point.

How To Apply For a Federal Bank Credit Card?

Here are the easy steps to apply for a federal Bank credit card:?

  1. Visit the official Federal Bank website and navigate to the credit card area.?
  2. Examine the features of the different credit cards that are available.?
  3. Click 'Apply Now' after selecting the credit card you wish to apply for.?
  4. Fill out the online application form with your personal and financial details.?
  5. Upload the required documents, such as your identification, your bank statement, and your proof of income.?
  6. Verify that the application form contains all the necessary information.?
  7. Press the 'Submit' button to finish.?
  8. The bank will send you a confirmation email or message.?
  9. You could be required to submit a KYC if you're a new customer.?
  10. After following these instructions you'll receive the physical credit card in a few days.?

Federal Credit Card Eligibility Criteria?

Understanding these conditions can help new customers set up their eligibility and guarantee an easy application procedure. The standard eligibility criteria for Federal Bank credit cards are as follows:

Debt-to-Income Ratio: Applicants need to have an appropriate amount of debt currently due in comparison to their income. A high debt-to-income ratio could make it harder to be approved.?

Employment Stability: A minimum of six to twelve months of continuous employment with the present company can be necessary for salaried applicants.?

Age: To apply for a Federal Bank credit card, an applicant must typically be at least 21 years old. Most card kinds have a maximum age limit of 65 years at the time of application.

Documents Required?

The important documents required for applying are:

  1. Bank Statements
  2. Salary Slips
  3. Adhaar card?
  4. PAN
  5. Passport?
  6. Utility Bills?

Federal Credit Card Annual Fees & Charges

The following are some of the extra fees associated with various credit cards offered by Federal Bank:

1. Annual fees: You can get all of the Federal Bank Credit Cards with no joining and annual fees. Federal Bank has offered all of its credit cards lifetime free.

2. Late Fees:?

  • Less than Rs. 100: 0
  • Between Rs.100 to Rs.500: Rs.100
  • Between Rs.501 to Rs.5000: Rs.500
  • Between Rs.5,001 to Rs.10,000: Rs.600
  • Between Rs,10,001 to Rs.25,000: Rs.750
  • Between Rs.25,001 to Rs.50,000: Rs.950
  • Above Rs.50,000: Rs.1000

3. Interest Rate: Interest costs, often known as finance charges, apply when cards carry a balance unpaid past the due date. Federal Bank's finance charges are normally between 0.49% and 3.49% per month.?

How To Activate Federal Credit Cards?

To use your credit card, first set a Personal Identification Number (PIN). Your PIN will be asked for all POS, ATM, and the use of contactless You have two options for setting your credit card PIN:

1.Using the FedMobile Application:?

  • Launch the FedMobile application.?
  • Access the "Credit Card" area.?
  • Choose "Set Credit Card PIN".?
  • Set your PIN using the instructions provided.?

2. Using IVR (Interactive Voice Response) System:?

  • Please dial 0484-2630994 from your enrolled mobile phone.?
  • To create your credit card PIN, follow the IVR prompts.

3. Federal Credit Cards Login/Net Banking?

You can also sign up your credit card for online banking and use many net banking services offered by the Federal Bank. These are the steps for setting up your card for Internet banking:

  1. Visit the Federal Bank's official website.?
  2. From the main menu, choose the 'Login' option.?
  3. Click on 'online banking' and select 'Personal Banking'. You'll be led to the bank's login page.?
  4. Click on 'Need an account? Sign up.?
  5. Enter the needed information and proceed.

How To Compare Federal Credit Cards & Choose The Best One?

Understanding how to compare these cards is essential as each Federal Bank credit card caters different spending habits and preferences.?

  • Compare Customer Reviews and Experiences: Research customer reviews or feedback for several Federal Bank credit cards to determine real-life experiences encompassing anything from customer service, reward redemption, charges as well the benefits of different features.?

  • Readily Available Customer Support and Digital Access: Having support on the card can do wonders in case of disputes, if you lost your cards or an immediate need for help arises. Enrol in a credit card which gives you 24/7 customer service and fast dispute resolutions.

  • Consider Payment Flexibility & Repayment Terms: Choose a card that provides flexible payment choices, such as converting major purchases into EMIs (Equated Monthly Instalments), interest-free periods, or balance transfer capabilities at cheap rates.?

Conclusion

Federal Bank credit cards serve a range of lifestyles and financial demands, with options ranging from rewards and cashback to travel advantages and no-fee cards. By carefully reviewing features such as fees, benefits and eligibility, you can find a Federal Bank credit card that optimizes value, suits your spending habits, and increases your financial flexibility. Choose wisely to have a smooth, pleasant credit experience.

FAQs

Q1. How can I apply for the Federal Bank Credit Card?

Ans: You are eligible for any Federal Bank credit card online or offline. To apply online, visit the bank's official website.?

Q2. Can I change the billing date for my credit card??

Ans: Yes, you can modify the billing date on your credit card by contacting Federal Bank using the supplied toll-free or email.?

Q3. Is the rate of interest charged on Federal Bank credit cards fixed??

Ans: No, credit card debt is an unprotected loan provided to you by the bank. Credit card interest rates aren't fixed and can vary depending on your repayment & spending habits.


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