0 joining fee,
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Federal Bank Scapia Credit Card
Rewards & Benefits
Welcome Benefits
0 joining fee,
Milestone Benefits
None.
Cashback Rate
10% scapia coins on all normal purchases and 20% scapia coins on all travel purchases through the scapia app.
The value of 5 coins is INR 1.
The effective cashback rate on normal transactions is 2% and the effective cashback rate on travel transactions is 4%.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
0% forex mark-up.
3-month no-cost EMI on travel spends.
24x7 support.
20% Scapia coins on travel bookings done on the Scapia App. Instant in-app repayment.
Lounge Access
Unlimited domestic lounge visit on spending a minimum of Rs 5000 per month.
Rewards & Benefits
Welcome Benefits
0 joining fee,
Milestone Benefits
None.
Cashback Rate
10% scapia coins on all normal purchases and 20% scapia coins on all travel purchases through the scapia app.
The value of 5 coins is INR 1.
The effective cashback rate on normal transactions is 2% and the effective cashback rate on travel transactions is 4%.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
0% forex mark-up.
3-month no-cost EMI on travel spends.
24x7 support.
20% Scapia coins on travel bookings done on the Scapia App. Instant in-app repayment.
Lounge Access
Unlimited domestic lounge visit on spending a minimum of Rs 5000 per month.
Fees & Charges
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2.5% of amount withdrawn or Rs. 500 whichever is higher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
0% International Forex markup.
Other Fees
Cash Advance Charges- 2.5% of amount withdrawn or Rs. 500 whichever is higher. | EMI Processing charges : 2.5% of loan amount subject to minimum of Rs. 500.
Fees & Charges
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
0% International Forex markup.
Other Fees
Cash Advance Charges- 2.5% of amount withdrawn or Rs. 500 whichever is higher. | EMI Processing charges : 2.5% of loan amount subject to minimum of Rs. 500.
Special Features
Unlimited lounge visits.
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?
Online:
Visit the Federal Bank website and go to the Credit Cards section.
Click on the Apply Now button for the Scapia 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
Overall, the Federal Bank Scapia Credit Card is a strong option for frequent travelers who primarily book their flights and hotels through the Scapia app. Its high travel rewards, zero forex markup, and unlimited domestic lounge access offer significant value. However, the limited reward earning on non-Scapia bookings, app dependency, and focused redemption options might be drawbacks for travelers with more diverse booking preferences. Consider your preferred booking platforms and travel habits before making a decision.
Overall, the Federal Bank Scapia Credit Card is a strong option for frequent travelers who primarily book their flights and hotels through the Scapia app. Its high travel rewards, zero forex markup, and unlimited domestic lounge access offer significant value. However, the limited reward earning on non-Scapia bookings, app dependency, and focused redemption options might be drawbacks for travelers with more diverse booking preferences. Consider your preferred booking platforms and travel habits before making a decision.
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