Federal Bank Scapia Credit Card
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
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
Dining Benefits
Other Benefits
0% forex mark-up. 10% scapia coins on all your normal purchases and 20% scapia coins on all travel purchases through the scapia app.; 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
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2.5% of amount withdrawn or Rs. 500 whichever is higher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Cash Advance Charges- 2.5% of amount withdrawn or Rs. 500 whichever is higher.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.
दोष
No welcome benefit is provided to the customers
Cashback offers only available on travel transactions.
0 joining fee,
Reward System- 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%.
0% forex mark-up. 10% scapia coins on all your normal purchases and 20% scapia coins on all travel purchases through the scapia app.
Unlimited domestic lounge visit on spending a minimum of INR 5000 per month.
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
पक्ष विपक्ष
Welcome Benefits
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पुरस्कार प्रणाली
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अंतर्राष्ट्रीय विदेशी मुद्रा मार्कअप
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स्वागत लाभ और पुरस्कार प्रणाली
विशेष लक्षण
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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)
विशेष विशेषता, पात्रता और लाभ
क्रेडिट कार्ड के लिए आवेदन कैसे करें?
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).
सम्पर्क करने का विवरण
खाता खोलने की प्रक्रिया और प्रक्रिया
विशेष विशेषता, पात्रता और लाभ
Pros:-
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Cons:-
0 joining fee,
Reward System- 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%.
0% forex mark-up. 10% scapia coins on all your normal purchases and 20% scapia coins on all travel purchases through the scapia app.
Unlimited domestic lounge visit on spending a minimum of INR 5000 per month.
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
No welcome benefit is provided to the customers
Cashback offers only available on travel transactions.
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
उत्पाद समीक्षा
फीस एवं प्रभार
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ईंधन अधिशुक्ल
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Billing Cycle
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