Federal Bank Credit Card Apply, Offers, Charges, Eligibility

Introduction To Federal Bank Credit Card: Federal Bank offers a range of credit cards tailored to suit diverse customer needs. With a focus on providing convenience, rewards, and financial flexibility, Federal Bank’s credit card offerings cater to various lifestyles and preferences.

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Table of Content

Overview

Federal Bank credit cards come with attractive features such as competitive Annual Percentage Rates (APRs), rewards programs, welcome benefits, and access to exclusive deals. Each card is designed to meet specific spending habits and preferences, ensuring that customers find the perfect fit for their financial needs.

Overview Table

Card NameJoining FeeAnnual Membership FeeRewards ProgramWelcome BenefitsLounge AccessBOGO OffersOther Features
SignetRs. 750Rs. 7503x on Electronics & Apparel, 2x on Entertainment, 1x on other categoriesAmazon Pay e-Voucher worth Rs. 200 on minimum spend of Rs. 3,000 in first 30 daysNot ApplicableBOGO on INOX movie tickets, once a quarterAccess to Visa offers, 1% fuel surcharge waiver, reduced mark-up fee on foreign transactions
ImperioRs. 1500Rs. 15003x on Health Care & Grocery, 2x on Utility, 1x on other categoriesAmazon Pay e-Voucher worth Rs. 400 on minimum spend of Rs. 5,000 in first 30 daysComplimentary lounge access once a quarter at domestic airportsBOGO on INOX movie tickets, once a quarterAccess to Visa offers, 1% fuel surcharge waiver, complimentary Swiggy vouchers on quarterly spend of Rs. 20,000
CelestaRs. 3000Rs. 30003x on Travel & International, 2x on Dining, 1x on other categoriesAmazon Pay e-Voucher worth Rs. 600 on minimum spend of Rs. 10,000 in first 30 daysComplimentary lounge access twice a year at international airports and 4 times per quarter at domestic airportsBOGO on INOX movie tickets, once a monthAccess to Visa offers, 1% fuel surcharge waiver, reduced mark-up fee on foreign transactions

Federal Bank Credit Cards

Federal Bank offers a variety of credit cards, including the Signet, Imperio, and Celesta cards. Each card comes with its own set of benefits and features tailored to different customer segments.

Card NameJoining FeeOffersAnnual Membership FeeRewards Program
SignetRs. 750Limited period Offer
*w.e.f 3rd April 2023
Rs. 7503x on Electronics & Apparel, 2x on Entertainment, 1x on other categories
ImperioRs. 1500Limited period Offer
*w.e.f 3rd April 2023
Rs. 15003x on Health Care & Grocery, 2x on Utility, 1x on other categories
CelestaRs. 3000Limited period Offer
*w.e.f 3rd April 2023
Rs. 30003x on Travel & International, 2x on Dining, 1x on other categories

Features of Federal Bank credit cards

Key features of Federal Bank credit cards include:

  • Competitive APRs starting from 0.69% per month
  • Rewards programs tailored to different spending categories
  • Welcome benefits such as Amazon Pay e-Vouchers
  • Complimentary lounge access at airports
  • Buy One Get One (BOGO) offers on movie tickets
  • Access to a wide range of Visa offers and deals

Federal Bank Signet Credit Card

Federal Bank Credit Card

The Federal Bank Signet Credit Card is a premier offering that combines convenience, rewards, and financial flexibility to meet the diverse needs of modern consumers. With its array of features, attractive rewards program, and transparent fee structure, it stands out as a top choice in the credit card market.

Features

The Signet Credit Card offers a range of features designed to enhance the cardholder’s experience:

  • Tailored Rewards Program: Earn 3x rewards on purchases in Electronics & Apparel categories, 2x rewards on Entertainment, and 1x rewards on all other categories.
  • Welcome Benefits: New cardholders are greeted with an Amazon Pay e-Voucher worth Rs. 200 upon a minimum spend of Rs. 3,000 within the first 30 days of card activation.
  • Annual Percentage Rate (APR) starting from 0.69% p.m. (8.28% p.a.)*
  • Access to Visa Offers: Enjoy exclusive deals and discounts across various categories such as travel, dining, shopping, and more.
  • Fuel Surcharge Waiver: Avail of a 1% fuel surcharge waiver at all fuel stations across India, providing savings on fuel expenses.
  • Reduced Mark-up Fee: Benefit from a reduced mark-up fee on foreign transactions, making international spending more affordable and convenient.

Eligibility

To be eligible for the Signet Credit Card, applicants must meet the following criteria:

  • Age: Minimum age requirement is 21 years.
  • Credit History: A good credit history is preferred, demonstrating responsible credit usage and timely repayment of debts.
  • Nationality: Applicants must be Indian residents or Non-Resident Indians (NRIs).

Charges

The Signet Credit Card comes with transparent charges, including:

  • Joining Fee: Rs. 750/-.
  • Annual Membership Fee: Rs. 750/-.
  • No membership fee & no joining fee  Limited period Offer *w.e.f 3rd April 2023
  • Other Charges: Standard fees and charges may apply for services such as cash advances, late payments, and card replacements.

In conclusion, the Federal Bank Signet Credit Card offers a compelling package of features, attractive rewards, and transparent charges, making it an ideal choice for individuals seeking a reliable and rewarding credit card option.

Federal Bank Imperio Credit Card

The Imperio Federal Bank Credit Card, launched as a limited-period offer from 3rd April 2023, sets a new standard in premium credit card offerings by eliminating both membership and joining fees. This unprecedented feature makes it an appealing choice for individuals seeking a credit card without the initial financial commitment typically associated with such cards.

Features

Despite its no-membership-fee, no-joining-fee status, the Imperio Credit Card doesn’t compromise on features. It boasts:

  • Customized Rewards: Enjoy 3x rewards on Health Care & Grocery, 2x rewards on Utility spends, and 1x rewards on other categories, maximizing benefits across diverse spending habits.
  • Generous Welcome Offer: New cardholders are greeted with attractive incentives, such as Amazon Pay e-Vouchers, making the initial card usage rewarding.
  • Annual Percentage Rate (APR) starting from 0.69% p.m. (8.28% p.a.)*
  • Exclusive Access: Benefit from complimentary lounge access at domestic airports, providing a luxurious travel experience.
  • Entertainment Privileges: Avail Buy One Get One (BOGO) offers on INOX movie tickets, enhancing entertainment experiences. also, Complimentary Big Basket vouchersCelesta Federal Bank Credit Card
  • Additional Benefits: Access to exclusive Visa offers, a 1% fuel surcharge waiver at all fuel stations across India, and complimentary Swiggy vouchers on quarterly spends.

Eligibility

Eligibility criteria for the Imperio Federal Bank Credit Card are straightforward:

  • Age: Applicants must be at least 21 years old.
  • Credit History: A good credit history demonstrating responsible credit usage is preferred.
  • Residency: Indian residents and Non-Resident Indians (NRIs) are eligible to apply.

Charges

With no membership fee and no joining fee, the Imperio Credit Card offers exceptional value. However, standard charges may apply for services such as cash advances, late payments, and card replacements.

the Imperio Federal Bank Credit Card’s limited-period offer with no membership fee and no joining fee, coupled with its robust features, accessibility criteria, and transparent fee structure, positions it as a standout choice for individuals seeking a premium credit card experience without the financial burden of upfront fees.

Celesta Federal Bank Credit Card

The Celesta Federal Bank Credit Card represents a premium offering that combines exceptional benefits, attractive rewards, and transparent charges. As a lifetime free credit card with no membership fee and no joining fee, it offers unmatched value to cardholders. Launched as a limited-period offer from 3rd April 2023, the Celesta card provides a comprehensive suite of features tailored to elevate the cardholder’s experience.

Features

The Celesta Credit Card boasts an array of features designed to enhance the cardholder’s lifestyle and provide unparalleled convenience:

  • Celesta Federal Bank Credit Card offers tailored rewards program:
    • 3x rewards on Travel and International spends
    • 2x rewards on Dining categories
    • 1x rewards on all other categories
  • New cardholders receive a ₹600 Amazon Pay e-Voucher upon spending ₹10,000 within the first 30 days of card activation.
  • Monthly Buy One Get One (BOGO) offers on INOX movie tickets enhance entertainment experiences.
  • Cardholders benefit from a 1% fuel surcharge waiver at all fuel stations across India, saving on fuel expenses.
  • Access to exclusive Visa offers across various categories such as travel, dining, shopping, and lifestyle enriches the cardholder’s experience.
  • Complimentary lounge access is provided twice a year at international airports and four times per quarter at domestic airports, ensuring luxurious travel experiences.
  • A reduced markup fee of 2% on foreign transactions makes international spending more affordable and convenient.

Eligibility

Eligibility criteria for the Celesta Federal Bank Credit Card are straightforward:

  • Age: Applicants must be at least 21 years old.
  • Credit History: A good credit history reflecting responsible credit usage is preferred.
  • Residency: Indian residents and Non-Resident Indians (NRIs) are eligible to apply.

Charges

As a lifetime free credit card, the Celesta card does not have any membership fee or joining fee. However, standard charges may apply for services such as cash advances, late payments, and card replacements.

the Celesta Federal Bank Credit Card offers a comprehensive suite of features, attractive rewards, and transparent charges, making it an ideal choice for individuals seeking a premium credit card experience without the financial burden of upfront fees.

Additional Charges And Fees of Federal Bank Credit Card

Charges and FeesAmount/Percentage
Cash Advance Charges2.5% of amount withdrawn or Rs. 500, whichever is higher
Late Payment ChargesVaries based on outstanding balance after the due date
Charges on Over Limit Account2.5% of over-limit amount, minimum of Rs. 500/-
Cheque Return or Dishonour or Auto-debit Reversal2% of payment amount, minimum of Rs. 450/-
Fee for Cash PaymentRs. 100/-
Rewards Redemption FeeRs. 99/- per redemption request
Rent PaymentsFee of 1% of total transaction amount plus applicable taxes
Loan Processing Pre-Closure Charges1% or Rs. 99, whichever is higher, plus GST at applicable rates for transactions; 3% + GST of remaining principal amount plus GST at applicable rates for foreclosure
Fuel Transaction Surcharge1% surcharge waiver on specified spends, up to Rs. 150/- per month
Reissue of Lost, Stolen, or Damaged CardRs. 200/-
Outstation Cheque Processing ChargeRs. 25/- for cheque value up to Rs 5,000; Rs. 50/- for cheque value above Rs. 5,000
Foreign Currency TransactionsCross-currency mark-up varies based on card type
Dynamic Currency ConversionDCC mark-up varies based on card type
Joining FeeVaried based on card type
Annual Membership FeesVaried based on card type
Additional Card FeeRs. 100/- per card, maximum of 4 cards
Interest on Revolving CreditAPR varies based on average monthly balance

Federal Bank Credit Card: Offers, waivers, and more

The Federal Bank Credit Cards offer attractive benefits including waivers on joining fees and annual membership fees based on spending patterns. Here’s a breakdown of the spend conditions for joining fee and annual membership fee waivers:

Joining Fee Waiver:

  • Signet Card: Spend more than Rs. 10,000/- within the first 3 months to waive off the joining fee of Rs. 750/- for the first year.
  • Imperio Card: Spend more than Rs. 20,000/- within the first 3 months to waive off the joining fee of Rs. 1500/- for the first year.
  • Celesta Card: Spend more than Rs. 30,000/- within the first 3 months to waive off the joining fee of Rs. 3000/- for the first year.

Note: Above conditions are not applicable for customers onboarded with effect from 3rd April 2023 as no joining fee is charged.

Annual Membership Fee Waiver:

  • Signet Card: Spend Rs. 75,000/- in a current year to get a waiver on next year’s annual membership fee.
  • Imperio Card: Spend Rs. 1,50,000/- in a current year to get a waiver on next year’s annual membership fee.
  • Celesta Card: Spend Rs. 3,00,000/- in a current year to get a waiver on next year’s annual membership fee.

Note: Above conditions are not applicable for customers onboarded with effect from 3rd April 2023, since no annual membership fee is charged.

These spend conditions provide cardholders with opportunities to enjoy the benefits of Federal Bank Credit Cards without bearing the burden of joining fees or annual membership fees, encouraging responsible spending and maximizing rewards.

Eligibility Criteria for Federal Bank Credit Cards

Here’s a table outlining the eligibility criteria for Federal Bank Credit Cards:

Eligibility CriteriaDetails
AgeMinimum 18 years for Secured Card <br> Minimum 21 years for Unsecured Card
Credit HistoryA Good credit history preferred
NationalityIndian residents or Non-Resident Indians (NRIs)

How to apply for Federal Bank Credit Cards

Here’s a step-by-step guide on how to apply for Federal Bank Credit Cards:

  1. Visit the Federal Bank Website: Navigate to the official website of Federal Bank using your preferred web browser.
  2. Explore Credit Card Options: Browse through the range of credit cards offered by Federal Bank to find one that best suits your needs and preferences.
  3. Review Eligibility Criteria: Check the eligibility criteria for the chosen credit card to ensure you meet the requirements.
  4. Prepare Required Documents: Gather necessary documents such as proof of identity, address, income, and any other documents specified by the bank.
  5. Initiate Online Application: Click on the “Apply Now” or “Online Application” button associated with your chosen credit card.
  6. Fill in Personal Details: Complete the online application form with accurate personal information including name, contact details, date of birth, and employment details.
  7. Submit Supporting Documents: Upload scanned copies of the required documents as per the instructions provided during the application process.
  8. Review Application: Double-check all entered information and uploaded documents for accuracy and completeness.
  9. Agree to Terms and Conditions: Read and agree to the terms and conditions of the credit card agreement before submitting your application.
  10. Submit Application: Click on the “Submit” button to finalize your application. Upon submission, you will receive a confirmation message indicating that your application has been successfully submitted.

Conclusion

In conclusion, Federal Bank credit cards provide a range of options catering to various customer preferences and lifestyles. With competitive features, rewards programs, and flexible payment options, these cards are designed to enhance the overall banking experience and meet the evolving needs of modern consumers.

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FAQs: Federal Credit Card

  1. How can I pay my Federal Bank Credit Card bill?

    You can pay your credit card bill through various channels including online banking, mobile banking apps, NEFT/RTGS transfers, autopay, or by visiting a Federal Bank branch.

  2. Are there any joining fees or annual membership fees for Federal Bank Credit Cards?

    Yes, there may be joining fees and annual membership fees for some credit card variants. However, these fees may be waived off under certain spending conditions.

  3. What documents are required for applying for a Federal Bank Credit Card?

    Documents commonly required include proof of identity, address, income, and any other documents specified by the bank.

  4. How do I apply for a Federal Bank Credit Card?

    You can apply for a Federal Bank Credit Card online through the bank’s website or by visiting the nearest branch.

  5. What are the eligibility criteria for obtaining a Federal Bank Credit Card?

    The eligibility criteria typically include age (minimum 18 years for secured cards and 21 years for unsecured cards), a good credit history, and Indian residency or Non-Resident Indian (NRI) status.

  6. What is the interest-free period for Federal Bank Credit Cards?

    The interest-free period for Federal Bank Credit Cards is up to 48 days, allowing cardholders to make purchases without incurring interest if the outstanding balance is paid within this period.

  7. Is there a cash advance facility available on Federal Bank Credit Cards?

    Yes, Federal Bank Credit Cards offer a cash advance facility, allowing cardholders to withdraw cash from ATMs or branches. However, cash advance transactions may attract fees and higher interest rates.

  8. What should I do if my Federal Bank Credit Card is lost or stolen?

    In case of a lost or stolen card, immediately report it to the bank’s customer service helpline to block the card and prevent unauthorized transactions. You may also need to request a replacement card.

  9. Can I track my credit card transactions online?

    Yes, you can track your credit card transactions online through the bank’s internet banking portal or mobile banking app. Additionally, you will receive monthly statements detailing your transactions.

  10. What should I do if I have a dispute regarding a credit card transaction?

    If you have a dispute regarding a credit card transaction, you should promptly contact the bank’s customer service helpline to report the issue and initiate the dispute resolution process.

  11. What is the federal bank credit card customer care number?

    If you have any concerns or disputes regarding the charges on your Federal Bank Credit Card statement, you can reach out to the bank’s customer care team for assistance. Here are the contact details:
    Customer Care Phone Numbers: 1800 420 1199 / 1800 425 1199
    Email Address: creditcards@federalbank.co.in
    Please ensure to communicate your disagreement with the charges within 30 days of receiving the statement for prompt resolution. The customer care team will guide you through the dispute resolution process and assist you in addressing any issues regarding your credit card charges.

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