Federal Bank Visa Celesta
MyRupaya Ratings
Product Details
Credit Card Name :
Federal Bank Visa Celesta
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.
Pros
Welcome Benefit: Users will get an Amazon Pay e-Voucher worth ₹600 on a minimum spend of Rs.10,000 in the first 30 days.
RewardSystem: 1 Federal Reward Point = INR 0.25 You will get 1 reward point on a spend of INR 100. 3x rewards on spending for travel and international categories, cashback rate: 0.75%. 2x rewards on spending for dining categories, cashback rate: 0.50%. 1x points on all other categories, cashback rate: 0.25%.
Buy One Get One offer on INOX movie tickets, once a month.
Complimentary lounge access at airports, twice a year at International airports and 4 times per quarter at domestic airports.
Cons
Low cashback rate.
Pros & Cons
Welcome Benefits
Users will get an Amazon Pay e-Voucher worth ₹600 on a minimum spend of Rs.10,000 in the first 30 days.
Rewards System
1 Federal Reward Point = INR 0.25 You will get 1 reward point on a spend of INR 100. 3x rewards on spending for travel and international categories, cashback rate: 0.75%. 2x rewards on spending for dining categories, cashback rate: 0.50%. 1x points on all other categories, cashback rate: 0.25%.
International Forex Markup
2%.
Welcome Benefits and Reward System
Special Features
Interst 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
Amazon Pay e-voucher worth ₹600.
Buy One Get One (BOGO) Offers on movie tickets.
Complimentary international and domestic lounge access.
Assured discounts on dining, shopping, and entertainment.
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 Visa Celesta 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
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: Users will get an Amazon Pay e-Voucher worth ₹600 on a minimum spend of Rs.10,000 in the first 30 days.
RewardSystem: 1 Federal Reward Point = INR 0.25 You will get 1 reward point on a spend of INR 100. 3x rewards on spending for travel and international categories, cashback rate: 0.75%. 2x rewards on spending for dining categories, cashback rate: 0.50%. 1x points on all other categories, cashback rate: 0.25%.
Buy One Get One offer on INOX movie tickets, once a month.
Complimentary lounge access at airports, twice a year at International airports and 4 times per quarter at domestic airports.
Low cashback rate.
Overall, the Federal Bank Visa Celesta Credit Card offers a well-rounded package of rewards, benefits, and features suitable for premium lifestyle seekers and frequent travelers. However, the high annual fee, limited reward rate on non-focused categories, and high interest rate are limitations to consider. If you have lower spending, prioritize specific features like travel insurance or wider redemption options, or prefer lower annual fees, explore other premium cards in the market.
Federal Bank Visa Celesta
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
Product Review
Fees & Charges
Joining fee: INR 0
Annual membership fee: INR 0.
Cash withdrawal 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.
1% Fuel surcharge on all fuel transactions (waiver on spends between Rs.400/- to Rs.5000/- on all petrol pumps for Celesta category up to Rs.150/- per month).
International Forex Markup: 2%
Fuel Surcharge
1% Fuel surcharge on all fuel transactions (waiver on spends between Rs.400/- to Rs.5000/- on all petrol pumps for Celesta category up to Rs.150/- per month).
Billing Cycle
30 days.