Federal Bank Rupay Signet Credit Card
Rewards & Benefits
Welcome Benefits
Users will get an Amazon Pay e-voucher worth ₹200 on a minimum spend of Rs.3,000 in the first 30 days.
Milestone Benefits
Milestone Benefit: Buy One Get One on INOX movie tickets, once a quarter and complimentary Swiggy vouchers on quarterly spend of ₹20,000
Cashback Rate
The value of 1 reward point = INR. 0.25.
Users will get 1 reward point on a spend of INR 200.
3x rewards on spending for the Electronics & Apparel categories, cashback rate: 0.75%.
2x rewards on the Entertainment category, cashback rate: 0.50%.
1x rewards for other categories, effective cashback rate: 0.25%.
Movie Benefits
Dining Benefits
Other Benefits
Lounge Access
Fees & Charges
Joining Fee
INR 0
Annual Fee
Annual membership fee: INR 1500
Cash Advance Fee
2.5% of amount withdrawn or Rs. 500 whichever is higher.
Interest rate
Depends on your bank balance maintained in Federal Bank Saving Account: Average Monthly Balance (1) less than Rs.50,000 41.88% (3.49% per month) (2) Rs.50,000 - 3,00,000 30.00% (2.49% per month) (3) Rs.3,00,001- 10,00,000 18.00% (1.49% per month) (4) More than Rs.10,00,000 5.88% (0.49% per month).
Late Payment Fee
Late payment charges - Less than Rs. 100 0 Rs. 100- Rs. 500 100 Rs. 501 to Rs. 5,000 500 Rs. 5,001 to Rs. 10,000 600 Rs. 10,001 to Rs. 25,000 750 Rs. 25,001 to Rs. 50,000 950 More than Rs. 50,000/- 1000.
Foreign Currency Transactions Fee
International Forex Markup- 3.50% of the transaction value.
Other Fees
Cash Advance Charges- 2.5% of amount withdrawn or Rs. 500 whichever is higher. | Redemption Fee Rs. 99/- per redemption request. | EMI Processing charges : 2.5% of loan amount subject to minimum of Rs. 500
Cons
No international lounge access facility is available.
Welcome Benefit: Users will get an Amazon Pay e-voucher worth ₹200 on a minimum spend of Rs.3,000 in the first 30 days.
Rewards: The value of 1 reward point = INR. 0.25. Users will get 1 reward point on a spend of INR 200. 3x rewards on spending for the Electronics & Apparel categories, cashback rate: 0.75%. 2x rewards on the Entertainment category, cashback rate: 0.50%. 1x rewards for other categories, effective cashback rate: 0.25%.
Milestone Benefit: Buy One Get One on INOX movie tickets, once a quarter and complimentary Swiggy vouchers on quarterly spend of ₹20,000
Other benefits: Complimentary lounge access - Once per quarter at Domestic airports, and Personal Accident insurance cover of Rs.2 Lakhs.
Rewards & Benifits
Welcome Benefits
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Rewards System
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International Forex Markup
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Welcome Benefits and Reward System
Special Features
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Eligibility Criteria
Minimum age of the card holders should be 18.
Only Indian residents can apply.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Online:
Visit the Federal Bank website and go to the Credit Cards section.
Click on the Apply Now button for the Federal Bank RuPay Signet credit card.
Fill in the online application form with your personal and financial details.
Submit the application form and wait for approval.
Required documents:
Proof of identity (Aadhaar card, PAN card, or passport).
Proof of income (salary slips, bank statements, or income tax returns).
Proof of address (Aadhaar card, bank statement, or utility bill).
Contact Details
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: Users will get an Amazon Pay e-voucher worth ₹200 on a minimum spend of Rs.3,000 in the first 30 days.
Rewards: The value of 1 reward point = INR. 0.25. Users will get 1 reward point on a spend of INR 200. 3x rewards on spending for the Electronics & Apparel categories, cashback rate: 0.75%. 2x rewards on the Entertainment category, cashback rate: 0.50%. 1x rewards for other categories, effective cashback rate: 0.25%.
Milestone Benefit: Buy One Get One on INOX movie tickets, once a quarter and complimentary Swiggy vouchers on quarterly spend of ₹20,000
Other benefits: Complimentary lounge access - Once per quarter at Domestic airports, and Personal Accident insurance cover of Rs.2 Lakhs.
No international lounge access facility is available.
Overall, the Federal Bank RuPay Signet Credit Card offers a compelling combination of affordability, everyday benefits, and travel perks, making it attractive for individuals with moderate spending habits who value value and accessibility. However, the lower reward rate, limited redemption options, and high interest rate are limitations to consider. If you're a high spender, frequent traveler, or prioritize specific features like wider network coverage or travel insurance, explore other options in the market.
Overall, the Federal Bank RuPay Signet Credit Card offers a compelling combination of affordability, everyday benefits, and travel perks, making it attractive for individuals with moderate spending habits who value value and accessibility. However, the lower reward rate, limited redemption options, and high interest rate are limitations to consider. If you're a high spender, frequent traveler, or prioritize specific features like wider network coverage or travel insurance, explore other options in the market.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
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Fuel Surcharge
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Billing Cycle
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