Welcome Benefit: Users will get an Amazon Pay e-Voucher worth ₹200 on a minimum spend of Rs 10,000 in the first 30 days.
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Federal Bank Mastercard Signet
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Users will get an Amazon Pay e-Voucher worth ₹200 on a minimum spend of Rs 10,000 in the first 30 days.
Milestone Benefits
Milestone Benefit: On spending more than Rs 75,000 within a year, the annual membership fee of ₹750 is waived for the next year.
Cashback Rate
The value of 1 reward point = INR. 0.25.
Users will get 1 reward point on a spend of INR 100.
General cashback rate: 0.25%.
3x rewards on spending for the Electronics & Apparel categories.
Electronic And Apparel Cashback Rate: 0.75%.
2x rewards on the Entertainment category.
Entertainment Cashback Rate: 0.50%.
Movie Benefits
Buy One Get One on INOX movie tickets, once a quarter.
Dining Benefits
Complimentary Swiggy vouchers on quarterly spending of INR 20,000
Other Benefits
None.
Lounge Access
One free domestic lounge visit each quarter. Subject to minimum spend of INR 20,000 in the previous quarter.
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Users will get an Amazon Pay e-Voucher worth ₹200 on a minimum spend of Rs 10,000 in the first 30 days.
Milestone Benefits
Milestone Benefit: On spending more than Rs 75,000 within a year, the annual membership fee of ₹750 is waived for the next year.
Cashback Rate
The value of 1 reward point = INR. 0.25.
Users will get 1 reward point on a spend of INR 100.
General cashback rate: 0.25%.
3x rewards on spending for the Electronics & Apparel categories.
Electronic And Apparel Cashback Rate: 0.75%.
2x rewards on the Entertainment category.
Entertainment Cashback Rate: 0.50%.
Movie Benefits
Buy One Get One on INOX movie tickets, once a quarter.
Dining Benefits
Complimentary Swiggy vouchers on quarterly spending of INR 20,000
Other Benefits
None.
Lounge Access
One free domestic lounge visit each quarter. Subject to minimum spend of INR 20,000 in the previous quarter.
Fees & Charges of
Federal Bank Mastercard Signet
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2.5% of amount withdrawn or Rs. 500 whichever is higher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
41.88% (3.49% 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
Joining Fee
INR 0
Annual Fee
Annual membership fee: INR 1500
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
41.88% (3.49% 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
Fee and Charges of
Federal Bank Mastercard Signet
Special Features
Low interest rates.
Eligibility Criteria
Minimum age of the card holders should be 18.
Only Indian residents can apply.
Speical Feature, Eligibility and Benefits of
Federal Bank Mastercard Signet
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 Mastercard 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 of
Federal Bank Mastercard Signet
The card offers low general cashback rate. The card has number of value add features. Overall because of low cashback rate the card does not meet expectations.
The card offers low general cashback rate. The card has number of value add features. Overall because of low cashback rate the card does not meet expectations.
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