Federal Bank offers a range of excellent, lifetime-free credit cards and a variety of feature-packed personal debit cards. They also have two great options for business debit cards: the Celesta Business Debit Card and the Imperio Business Debit Card. Both are offered to the bank’s business current account holders and come with perks like a spend-based AMC waiver, flexible shopping, and withdrawal limits. Additionally, they both offer the convenience of contactless payments, which means that as long as the transaction amount is under ₹5,000, you will be able to Tap-and-Pay, with no need to enter the PIN.
Types of Federal Bank Business Debit Cards
Federal Bank currently offers two business debit cards: the Celesta Business Debit Card and the Imperio Business Debit Card.
Celesta Business Debit Card
The Celesta Business Debit Card is a premium solution designed specifically for Small and Medium Enterprises (SMEs) and corporate clients. It has been meticulously developed to meet the needs of mid-sized and large enterprises alike. This card provides a daily shopping limit of ₹5,00,000 and a daily cash withdrawal limit of ₹1,00,000. Users are offered continuous customer assistance available 24 hours a day, seven days a week, and are rewarded with one reward point per ₹100 spent on the Platinum card. If a cardholder achieves annual spends exceeding ₹1,00,000 through ECOM/POS transactions, the associated Annual Maintenance Charge (AMC) will be waived. Individuals holding any of the following types of accounts with the bank are eligible to apply for this card.
- Fed Trade +
- Fed Arogya
- Fed Vanijya
- Fed Vanijya +
- Fed Chit
- Fed Elite
Imperio Business Debit Card
This card offers a shopping limit of ₹1 lakh and a cash withdrawal limit of ₹50,000, allowing for a maximum of ₹1.5 lakh daily. Users of this debit card can reach out to customer service around the clock. The annual maintenance charge (AMC) will be waived if you spend over ₹50,000 annually via ECOM or POS transactions. If you maintain an account from the specified list, you qualify to apply for the Imperio Business Debit Card:
- Fed Trade 50
- Current Plus
- Freedom Current
- Fed Trade
- Trade Silver Account
- Trade Gold Account
Bottom Line
Imperio Business and Celesta Business are two variants of the Federal Bank Business Debit Cards, offering features like contactless payments, flexible spending limits, and more. However, compared to credit card options, they seem lacking because the Celesta Business Debit Card provides a low reward rate of 1 RP for every ₹100, while the Imperio Business Debit Card completely lacks reward points. It may be wiser to choose the right business credit card over a debit card that does not reward your business spending. Multiple options for business credit cards come at a reasonable annual fee and offer lifestyle perks and rewards for spending, for instance, the HDFC Bank BizPower Credit Card.