Best Federal Bank Credit Cards

List of Best Federal Bank Credit Cards in India

Federal Bank currently offers four credit cards, two of which are available on the RuPay network. All Federal Bank Cards offer exciting benefits and serve different consumer needs. Here is a list of the best Federal Bank Credit Cards and their detailed advantages.

Federal Credit Card Features and Benefits

Federal Bank offers several credit cards, each with its own set of perks and advantages. These cards are meant for a different segment of people and come with exclusive privileges across various categories. Some of the general benefits that you may get with all Federal Bank Cards are as follows.

Welcome Benefits

Cardholders get welcome benefits when they get a new Federal Credit Card. These benefits are different for all the various credit cards available from the bank. Since these cards are offered as lifetime free credit cards, these perks are offered to users for holding and using the card.

Federal Bank Credit Card Variant	Welcome Benefits
Federal Bank Celesta Credit Card	Amazon Gift Voucher Worth ₹600 on Spending ₹10,000 within the first 30 days
Federal Bank Imperio Credit Card	Amazon Gift Voucher Worth ₹400 on Spending ₹5,000 within the first 30 days
Federal Bank Signet Credit Card	Amazon Gift Voucher Worth ₹200 on Spending ₹3,000 within the first 30 days
Federal Bank RuPay Wave Credit Card	10% Cashback on First 5 UPI Transactions

Federal Rewards

Every time you spend with your Federal Bank Credit Card, you save something in the form of Reward Points. However, the reward rate varies across different spending categories for all the various credit card variants available. However, the fact that cardholders earn rewards for their spending is certain. For a clear comparison of rewards between the card variants, keep scrolling.

Complimentary Airport Lounge Access

Most Federal Credit Cards offer travel benefits, such as complimentary domestic and international airport lounge access, to help cardholders have a smooth trip. This feature from the Federal Bank is not spend-based, implying that all cardholders can access the airport lounge irrespective of their spending with the Federal Bank Credit Card.

Federal Bank Credit Card Variant	Complimentary Airport Lounge Access
Federal Bank Celesta Credit Card	Domestic – 2 Times per Quarter, 8 Free Visits Annually International – Twice a Year
Federal Bank Imperio Credit Card	Domestic – Twice a Quarter, Eight Free Visits Annually International – N/A
Federal Bank Signet Credit Card	Domestic – Once a Quarter, Four Free Visits Annually International – N/A
Federal Bank RuPay Wave Credit Card	N/A

Movie & Dining Benefits

All the current credit cards offered by the bank, except for their floater offering (which is the Federal Bank RuPay Wave Credit Card) come with a Buy One Get One offer for movie tickets at INOX theatres.

Other Lifestyle Benefits

Other benefits that cardholders may enjoy with these cards include complimentary insurance coverage, a fuel surcharge waiver, zero liability protection, and more.

Reward Points Accrual With Federal Credit Cards

All the credit cards offered by the Federal Bank come with different reward rates, i.e., you may earn more reward points with one card and less with the other. Moreover, the reward rate can also be different for various merchant categories, and this is one of the most important things to be evaluated when shortlisting the right credit card for yourself. The reward rates of the Federal Bank Credit Cards are dissected below.

Federal Bank Credit Card Variant	Rewards Rate Across Different Categories
Federal Bank Celesta Credit Card	3X RP/₹100 on Travel and International Categories, 2X RP/₹100 on  Dining Categories 1X RP/₹100 on Other Categories
Federal Bank Imperio Credit Card	3X RP/₹150 on Health Care & Grocery categories 2X RP/₹150 on Utility Categories like Bill Payments 1X RP/₹150 on Other Categories
Federal Bank Signet Credit Card	3X RP/₹200 on Electronics and Apparel 2X RP/₹200 on Entertainment Categories 1X RP/₹200 on Other Categories
Federal Bank RuPay Wave Credit Card	Earn 1 Reward Point on each spend of ₹200 10% cashback on the first five UPI transactions made with the Card

Reward Redemption

The reward points you earn using your Federal Bank Credit Cards can be redeemed at the Federal Rewards portal against various options, including shopping, recharges, gift vouchers, and more. You are just required to log-in to the portal using your credit card details and redeem your earned points at a rate of 1 Reward Point = ₹0.25. Also, these reward points are valid for three years from the accrual date. Therefore, you need to make sure that you redeem your earned rewards before they expire, as only then will you be able to maximize the benefits of your card.

Annual Fee

When finding the best credit card for yourself, as a part of the process, you should compare different credit cards based on various factors, and one of the most important factors to consider here is the annual fee for a credit card. People with a higher level of income generally go for credit cards with a high annual fee, and those with an average income prefer credit cards with a low annual fee. You can avail of all of the Federal Bank Credit Cards at zero joining and annual charges.

As of April 2023, Federal Bank has begun issuing all of its credit cards as lifetime-free.

Other Fees & Charges

Other than the joining and renewal fee, there are many important fees and charges that one must check before applying for a credit card. These charges include cash advance fees, interest charges, forex markup fees, late payment fees, and over-limit charges. The table below lists some of the most important charges associated with Federal Bank Credit Cards.

Federal Bank Credit Card Variant	Interest Rate	Forex Markup Fee
Federal Bank Celesta Credit Card	From 0.69% Monthly  (8.28% Yearly)	2%
Federal Bank Imperio Credit Card	From 0.69% Monthly  (8.28% Yearly)	3.5%
Federal Bank Signet Credit Card	From 0.69% Monthly  (8.28% Yearly)	3.5%
Federal Bank RuPay Wave Credit Card	From 0.69% Monthly  (8.28% Yearly)	3.5%

Federal Bank Credit Cards Eligibility Criteria

The eligibility criteria required for the Federal Bank Credit Cards depend upon various factors, including the applicant’s age, income, existing relationship with the bank, credit history, etc. The criteria that need to be fulfilled by the applicants to get approved for the Federal Bank Credit Cards are mentioned below:

• The age of the salaried individuals should be between 21 years and 60 years.
• The age of self-employed people should be between 21 years and 65 years.
• The applicant should have a stable source of income, and the minimum income requirements may vary from card to card.
• The applicant should have a decent credit score.

Required Documents

To apply for a credit card from the Federal Bank, you will also need a few documents, including proof of identity, proof of address, proof of income, etc. The list of all the required documents is mentioned below. Make sure to keep all these documents handy before filling in the application form:

• Identity Proof: Aadhaar Card, Voters’ ID, PAN Card, Driving License, Passport, etc.
• Address Proof: Utility bills, Aadhaar Card, and Passport.
• Income Proof: Latest bank statement/salary slips or Latest ITRs.

How To Activate Your Federal Bank Credit Card?

Once you receive your new Federal Bank Credit Card, you can get it activated using any of the below-mentioned methods:

• Visit your nearest Federal Bank ATM, insert your credit card, and find the option to general or change your credit card’s PIN from the main menu. Make sure to carry your registered mobile number, as you will have to enter the OTP for verification.
• Another way to activate your credit card is to contact the bank’s customer care and ask the bank officials for help.
• You can also visit your nearest branch and ask the bank executives to help you activate your credit card. They will ask you for a few details and will get your task done in minutes.

Track Your Application Status

If you have already applied for a Federal Bank Card, you can track the status of your application by contacting the bank’s customer care department via phone or email. You can also check your application status via the Federal Bank’s digital assistant (chatbot), Feddy, or by visiting your nearest branch with your application number and other required documents.

Federal Bank Credit Cards Login/Netbanking

You can also register your credit card for internet banking and avail of various net banking services provided by the Federal Bank. Following are the steps to register your card for Internet banking.

• Visit the Federal Bank’s official website.
• From the main menu, select the ‘Login’ option.
• Click on ‘internet banking’ and choose the ‘Personal Banking’ option.
• You will be directed to the bank’s login page.
• Click on ‘Need an account? Sign Up.’
• Enter the required details and proceed further.

Federal Bank Credit Cards Customer Care

In case of any queries or complaints regarding your Federal Bank Credit Card, you can contact the bank’s customer care executives via the following contact details:

• You can contact them via phone at any of these numbers: 1800-425-1199 or 1800-420-1199.
• To contact us via mail, you can use this email: [email protected].

Bottom Line

Federal Bank, which is one of the trusted private banks in India, has a range of lifetime free credit cards. The credit cards come with welcome benefits, a decent rewards rate, BOGO offers on movie tickets, complimentary access to airport lounges, and other benefits like insurance. When selecting the right credit card for yourself, many people tend to compare cards based on their annual fee and weigh it against the reward structure. Since these cards have zero annual fee, they become even more desirable. People with a decent CIBIL score and a stable yearly income can apply for the Federal Bank Credit Cards. Unlike other credit cards, the lounge access with these cards is not a spend-based perk, all users can access the lounge no matter how much they spend with their card. These cards are reasonably great options in the Indian Credit Card Market right now.