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Federal Bank Mastercard Signet

Product Details
Credit Card Name : 

Federal Bank Mastercard Signet

Bank Name :

Federal Bank

Type :

Regular Credit Card

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).

Eligibility :

Minimum age of the card holders should be 18. 
Only Indian residents can apply.

Federal Bank Mastercard Signet
Pros
  • Welcome Benefit: Get Amazon Pay e-Voucher worth ₹200 on minimum spend of Rs. 10,000 in first 30 days.

  • Reward System: 1 Federal Reward Point = INR. 025 You will get 1 reward point on spend of INR 200, Get 3x rewards on spends for Electronics & Apparel categories, 2x rewards on Entertainment category and 1x rewards for other categories. Effective cashback rate: 1%

  • Other Benefits: Buy One Get One on INOX movie tickets, once a quarter, Complimentary Lounge Access- once a quarter at domestic airports, and Complimentary Swiggy vouchers on quarterly spend of ₹20,000. 

  • Milestone Benefit: Spend more than Rs.75,000 within a year and get the Annual Membership Fee (AMC) of ₹750 waived for the next year. 

Cons
  • No international lounge access facility available to the customers. 

  • Low cashback rate.

Pros & Cons
Welcome Benefits

Welcome Benefit- Get Amazon Pay e-Voucher worth ₹200 on minimum spend of Rs. 10,000 in first 30 days.

Rewards System

Reward System- 1 Federal Reward Point = INR. 025 You will get 1 reward point on spend of INR 200, Get 3x rewards on spends for Electronics & Apparel categories, 2x rewards on Entertainment category and 1x rewards for other categories.

Effective cashback rate: 1%

International Forex Markup

3.5%.

Welcome Benefits and Reward System
Special Features

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).

Eligibility Criteria

Minimum age of the card holders should be 18. 
Only Indian residents can apply.

Benefits
  • Low rate of interest

  • Movie Ticket offers 

  • Welcome benefit 

  • Travel Benefit

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 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
Application Procedure

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Product Review
Fees & Charges
  • Joining fee: INR 0 

  • Annual membership fee: INR 1500 

  • Cash Advance Charges- 2.5% of amount withdrawn or Rs. 500 whichever is higher. 

  • 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. 

  • Redemption Fee Rs. 99/- per redemption request. 

  • EMI Processing charges : 2.5% of loan amount subject to minimum of Rs. 500

  • International Forex Markup: 3.50% of the transaction value. 

Fuel Surcharge

1% fuel surcharge, no waiver. 

Billing Cycle

30 days.

Fees & Charges
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