Federal Bank is a leading private bank in India. Established in 1945, it has always aimed to improve the financial setting in India. With branches and ATMs across the country, Federal Bank provides products for both individuals and businesses.
In recent years, RuPay credit cards have become popular in India due to the government’s efforts to promote digital payments and include more people in the financial system. RuPay is an Indian card payment network that offers cost-effective choices for consumers. Keeping up with this trend, Federal Bank has launched two RuPay credit cards: the Federal Bank RuPay Signet Credit Card and the Federal Bank RuPay Wave Credit Card.
These cards provide various benefits, such as Reward Points, cashback, and easy use with UPI apps. They meet the growing need for simple digital payment options. With their features, these RuPay cards are popular and make banking easier and more rewarding for customers.
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3X RP/₹200 on Electronics and Apparel, 2X RP/₹200 on Entertainment Categories and 1X RP/₹200 on Other Categories
Amazon Pay Vouchers Worth ₹200
1 Reward Point Per ₹200 Spent
10% Cashback on First Five UPI Spends
| Features | Federal Bank RuPay Signet Credit Card | Federal Bank RuPay Wave Credit Card |
| Joining Fee | Nil | Nil |
| Best Suited For | Shopping | Shopping |
| Reward Rate |
|
|
| Welcome Benefits | Amazon Vouchers worth ₹200 | Cashback of 10% on the First 5 UPI Transactions |
| Milestone Benefits | Complimentary Swiggy Vouchers on spending ₹20,000 or more in a Quarter | 1,000 RP on spending ₹50,000 in a quarter |
| Travel Perks | 1 Complimentary Domestic Lounge Access every Quarter | N/A |
The Federal Bank Signet Credit Card is a lifetime free card that offers several benefits to its cardholders. It’s available on both Visa and RuPay networks. You can earn up to 3 Reward Points for every ₹100 spent, making it a great choice for shopping and entertainment. When you spend ₹3,000 within the first month, you’ll receive an Amazon e-gift voucher worth ₹200. Every quarter, you can enjoy a Buy-One-Get-One free offer on movie tickets and complimentary Swiggy vouchers if you spend over ₹20,000. You’ll even get one free domestic lounge access at airports every three months.
The Federal Bank RuPay Wave Credit Card is particularly beneficial for those who frequently use UPI for payments, as it can easily be linked to any UPI app. This card provides 10% cashback on your first five transactions, making it a great choice for new users. For every ₹200 spent, you earn 1 Reward Point, which can later be redeemed for various vouchers and options. If you spend ₹50,000 or more in a quarter, you’ll receive 1,000 bonus reward points. This means you can accumulate up to 4,000 bonus points in a year if you consistently reach that spending milestone. This card has no joining or renewal fees, making it accessible to people from all generations. One needs to keep in mind that it shares a limit with other Federal Bank credit cards.
Both the Federal Bank RuPay Signet and Wave Credit Cards come with no joining or annual fees, making them accessible to common people without the burden of additional costs.
New users of the Signet card receive an Amazon e-gift voucher worth ₹200 upon spending ₹3,000 in the first month. Users of the Wave RuPay Credit Card receive a cashback of 10% on the first five UPI transactions.
Federal Bank makes sure that there is transparency with no hidden charges for using the RuPay Credit Cards, allowing users to enjoy benefits without unexpected costs.
Both credit cards can be easily linked to any UPI app, making transactions quick and smooth. This feature is perfect for users who prefer digital payments and frequently use UPI for their daily transactions.
The eligibility criteria for the Federal RuPay Credit Card are as follows:
To apply for the Federal Bank RuPay Credit Card, you can either visit your nearest Federal Bank branch, or you can apply online. The Federal Bank Wave Credit Card users can access it through the FedMobile app.
Federal Bank RuPay Credit Cards offer users great financial benefits. These cards have no joining fees and provide rewards and cashback for every purchase, which makes spending more rewarding. They easily link to UPI apps, making online payments simple and helping users manage their finances well. Whether shopping or enjoying entertainment, these cards let you earn points and access special offers, including free vouchers and lounge access. With clear terms and no hidden fees, Federal Bank RuPay Credit Cards support a budget-friendly lifestyle, for anyone looking to improve their financial habits while enjoying digital payments.
Yes, both cards can be linked easily to any UPI app.
Signet cardholders get complimentary Swiggy vouchers if they spend over ₹20,000 in a quarter, whereas the Wave cardholders earn 1,000 Reward Points after spending ₹50,000 in a quarter.