Federal Bank RuPay Signet Credit Card
Joining Fee
Renewal Fee
Best Suited For
Reward Type
Welcome Benefits
Movie & Dining
Buy 1 Get 1 Free Offer on PVR Inox Once Every Quarter
Rewards Rate
1 Reward Point on every spend of Rs. 100, 2x Reward Points on entertainment categories, and 3x Reward Points on electronics and apparel.
Reward Redemption
The earned rewards can be redeemed at Federal Rewards where 1 Reward Point = Re. 0.25.
Travel
N/A
Domestic Lounge Access
1 Free Domestic Lounge Access Every Quarter
International Lounge Access
N/A
Golf
NA
Insurance Benefits
Personal Accident Insurance Cover of Rs. 2 Lakhs
Spend-Based Waiver
N/A
Rewards Redemption Fee
Rs. 99 on every redemption request
Foreign Currency Markup
3.5% on all foreign currency transactions
Interest Rates
0.49% Monthly (5.88% Annually)
Fuel Surcharge
1% fuel surcharge waiver on all fuel transactions between Rs. 400 and Rs. 5,000.
Cash Advance Charges
2.5% of the withdrawn amount subject to a minimum of Rs. 500.
- Amazon e-voucher worth Rs. 200 as a welcome gift.
- Up to 3 Reward Points on every spend of Rs. 100.
- Buy 1 Get 1 Free offer on movie tickets.
- Complimentary domestic and international lounge access.
- Complimentary Swiggy vouchers on achieving the spend milestone.
- Exciting discount offers on dining.
Pros
- This is a lifetime free credit card.
- You can link this credit card to UPI.
Cons
- There is no international lounge access with this card.
Federal Bank RuPay Signet Credit Card Features and Benefits
The Federal Bank RuPay Signet Credit Card comes with several exciting benefits across different categories, including travel, movies, dining, reward programs, and many more. From welcome benefits to reward points to milestone programs, it has really great features and benefits. To understand the same in detail, refer to the following information:
Welcome Benefits
You get an Amazon e-voucher worth Rs. 200 on spending Rs. 3,000 or more within the first 30 days of card issuance.
Milestone Benefits
Get complimentary Swiggy vouchers on spending Rs. 20,000 or more in a quarter using your Federal Bank RuPay Signet Credit Card.
Movie & Dining Benefits
- Avail exclusive Buy 1 Get 1 Free offer on movie tickets once every quarter on PVR Inox.
- Enjoy a discount of up to 15% on dining across several restaurants under the FedDelights program.
Airport Lounge Access
You get 1 complimentary domestic lounge access every quarter (4 every year).
Fuel Surcharge Waiver
- You get a 1% fuel surcharge waiver for all fuel transactions between Rs. 400 and Rs. 5,000.
- The maximum benefit through the fuel surcharge waiver is capped at Rs. 150 per month.
Federal Bank RuPay Signet Credit Card Rewards
- You get 3 Reward Points on every spend of Rs. 100 on electronics & apparel categories.
- You get 2 Reward Points on every spend of Rs. 100 on entertainment categories.
- You get 1 Reward Point on every Rs. 100 spent elsewhere.
Reward Points Redemption
- The Reward Points you earn using the Federal Bank RuPay Signet Credit Card can be redeemed against various options available at the Federal Rewards portal.
- 1 Reward Point = Re. 0.25.
- The Reward Points expire if not redeemed within 1 year from the accrual date.
How To Apply For The Federal Bank RuPay Signet Credit Card?
To apply for the RuPay Signet Credit Card, you can either visit your nearest Federal bank branch or you can apply online by following the below-mentioned steps:
- Click on the Apply Now button on your screen.
- Start the application process by entering your details.
- Submit your application.
Federal Bank RuPay Signet Credit Card Review
The Federal Bank RuPay Signet Credit Card is the only card issued on the RuPay network by the Federal Bank. The Signet Credit Card is also issued on the Visa network. Still, its RuPay variant can be considered slightly more rewarding as it provides complimentary domestic as well as international lounge access. In contrast, the Visa variant only comes with free domestic lounge access. Moreover, the buy 1 get 1 free offer on movies, discounts on dining, fuel surcharge waiver, etc, make this card even more advantageous. Keeping all its features in mind, the card can be considered a great choice for individuals who spend across different categories and want to save more and more. If you have any further doubts regarding the features or fees & charges of this card, you can freely ask us in the comment section below!
FAQs:
Do I get complimentary domestic lounge access with the Federal Bank RuPay Signet Credit Card?
What is the interest rate on this credit card?
What is the value of 1 Reward Point that I earn using the Federal Bank RuPay Signet Credit Card?