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Federal Bank Rupay Signet Credit Card

Product Details
Credit Card Name : 

Federal Bank Rupay Signet Credit Card

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 Rupay Signet Credit Card
Pros
  • Welcome Benefit- Get an Amazon Pay e-Voucher worth ₹200 on a minimum spend of Rs.3,000 in the first 30 days.

  • Rewards: Get 3x rewards on spending for the Electronics & Apparel categories, 2x rewards on the Entertainment category, and 1x rewards for other categories.

  • 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. 

Cons

No international lounge access facility is available. 

Pros & Cons
Welcome Benefits

Welcome Benefit- Get Amazon Pay e-Voucher worth ₹200 on minimum spend of Rs.3,000 in first 30 days.

Rewards System

Reward System- 1 Federal Reward Point = INR. 0.25 You will get 1 reward point on a spend of INR 200. Get 3x rewards on spends for Electronics & Apparel categories, 2x rewards on the Entertainment category and 1x rewards for other categories.

Effective Cashback Rate: 2.5%

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
  • Movie ticket discount

  • Welcome offer

  • Personal accident cover 

  • Complimentary lounge access

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
Federal Bank Rupay Signet Credit Card

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

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

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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%, no fuel surchage waiver.

Billing Cycle

30 days.

Fees & Charges
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