Federal Bank is one of the major credit card issuers in India. It offers many rewarding cards with benefits such as free lounge access, offers on dining etc. Currently, Federal Bank offers all its credit cards as lifetime free. Federal Bank has launched a new lifetime free floater credit card called the Wave Credit Card. The Wave Credit Card is a virtual card on the RuPay network and can be used to make UPI payments easily. This card offers an interest-free period of up to 48 days and reward points and cashback on spends.

Federal Bank Launches LTF Wave Credit Card

The Federal Wave Credit Card is a virtual floater credit card available to those who already have a Federal Bank Credit Card. It shares the limit with the already-held card. Those who are interested in this card can apply through the Federal Bank app. 

Benefits of the Wave Credit Card

  • Get 10% cashback on your first five UPI transactions made with the Wave Card.
  • Earn 1 reward point for every ₹200 spent, which can be redeemed for benefits.
  • Spend ₹50,000 in a quarter and earn 1,000 bonus reward points.

Bottom Line

This new virtual credit card is a welcome move by Federal Bank, and many of its existing customers have started applying for it via the Federal Bank mobile application. Along with a decent reward rate for UPI transactions, this card also provides milestone benefits that will accelerate your savings. Since this is a floater card it shall share the credit limit with the primary Federal Bank Credit Card. Share your views on the new virtual Wave Credit Card in the comments below.

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