Federal Bank Visa Imperio
Rewards & Benefits
Welcome Benefits
Users will get an Amazon Pay e-voucher worth ₹400 on a minimum spend of Rs.5,000 in the first 30 days.
Milestone Benefits
Milestone Benefit: Complimentary Big Basket vouchers on quarterly spends of ₹50,000.
Cashback Rate
The value of 1 reward point = INR 0.25.
Users will get 1 reward point for spending 150 INR.
3x rewards on spending for Health Care and grocery categories, cashback rate: 0.5%.
2x rewards on spending for Utility categories (like Bill payments for Electricity, Gas, mobile etc), cashback rate: 0.33%.
1x points on all other categories. General cashback rate: 0.16%.
Movie Benefits
Buy One Get One offer on INOX movie tickets, once a quarter.
Dining Benefits
Other Benefits
Lounge Access
Fees & Charges
Joining Fee
INR 0
Annual Fee
Annual membership fee: INR 0.
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2.5% of amount withdrawn or Rs. 500 whichever is higher.�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: 3.5%
Other Fees
Cash withdrawal charges 2.5% of amount withdrawn or Rs. 500 whichever is higher.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. | 1% Fuel surcharge on all fuel transactions (waiver on spends between Rs.400/- to Rs.5000/- on all petrol pumps for Imperio category up to Rs.150/- per month)
Cons
Low reward points.
No international lounge access program is available
There are a limited number of offers provided with this card in comparison to other credit cards.
Welcome Benefit: Uses will get an Amazon Pay e-voucher worth ₹400 on a minimum spend of Rs.5,000 in the first 30 days.
Reward System: The value of 1 reward point = INR 0.25. Users will get 1 reward point for spending 150 INR. 3x rewards for spending on health care and grocery categories, with a cashback rate of 0.5%. 2x rewards on spending for Utility categories (like Bill payments for Electricity, Gas, mobile etc), cashback rate: 0.33%. 1x points on all other categories. General cashback rate: 0.16%.
Milestone Benefit: Complimentary Big Basket vouchers on quarterly spends of ₹50,000.
Buy One Get One offer on INOX movie tickets, once a quarter.
Complimentary lounge access, twice a quarter at domestic airports.
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
Age –Minimum 18 years of age to apply for a Secured Federal Credit Card. & minimum 21 years of age to apply for a Unsecured Federal Credit Card.
Credit history – A good credit history will help you in getting you a Credit Card easily.
Nationality – While applying for a Credit Card in India, you need to be an Indian resident or a Non-resident Indian (NRI)
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
To apply for a Federal Bank Visa Imperio credit card, you can follow these steps:
Visit the Federal Bank website and click on the "Credit Cards" tab.
Select the "Visa Imperio Credit Card" and click on "Apply Now".
Fill in the online application form with your personal and financial details.
Review your application and click on "Submit".
Documents required:
KYC documents (PAN card, Aadhaar card, etc.)
Income proof (salary slips, bank statements, etc.)
Address proof (utility bills, passport, etc.)
Once you have submitted your application, Federal Bank will process it and get back to you within a few business days. If your application is approved, you will receive your credit card in the mail within a few weeks.
Contact Details
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: Uses will get an Amazon Pay e-voucher worth ₹400 on a minimum spend of Rs.5,000 in the first 30 days.
Reward System: The value of 1 reward point = INR 0.25. Users will get 1 reward point for spending 150 INR. 3x rewards for spending on health care and grocery categories, with a cashback rate of 0.5%. 2x rewards on spending for Utility categories (like Bill payments for Electricity, Gas, mobile etc), cashback rate: 0.33%. 1x points on all other categories. General cashback rate: 0.16%.
Milestone Benefit: Complimentary Big Basket vouchers on quarterly spends of ₹50,000.
Buy One Get One offer on INOX movie tickets, once a quarter.
Complimentary lounge access, twice a quarter at domestic airports.
Low reward points.
No international lounge access program is available
There are a limited number of offers provided with this card in comparison to other credit cards.
Overall, the Federal Bank Visa Imperio credit card offers a good balance of affordability, everyday benefits, and rewards suitable for families and budget-conscious individuals. However, the limited maximum reward points, lower rate on non-preferred categories, and high interest rate are limitations to consider. If you're a high spender, frequent traveler, or prioritize specific features like travel insurance or wider redemption options, explore other cards in the market.
Overall, the Federal Bank Visa Imperio credit card offers a good balance of affordability, everyday benefits, and rewards suitable for families and budget-conscious individuals. However, the limited maximum reward points, lower rate on non-preferred categories, and high interest rate are limitations to consider. If you're a high spender, frequent traveler, or prioritize specific features like travel insurance or wider redemption options, explore other cards 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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