By Bharti Bisht
Updated On July 15, 2022

The Federal Bank issues the Signet Credit Card on Visa as well as the RuPay network, both the variants having almost the same features. The Federal Bank RuPay Signet Credit Card comes with an annual fee of Rs. 750 and welcomes its customers with an Amazon e-gift voucher worth Rs. 500 on achieving the required spend within one month. Moreover, it earns you up to 3 Reward Points on every spend of Rs. 100. With the RuPay Signet Credit Card, you don’t only earn Reward Points but a lot more privileges across different categories.

On achieving the required spend milestone, you can get Swiggy vouchers each quarter. Moreover, you can avail of the buy one get one free offer on movie tickets every quarter and exciting discounts on dining across several participating restaurants in the country. Talking about its travel privileges, you get complimentary airport lounge access at domestic as well as international airport terminals. To know detailed advantages of the Federal bank RuPay Signet Credit Card, go through the complete article:

Federal Bank RuPay Signet Credit Card

(4.5/5)

Best Suited For

Shopping |

Joining Fee

Rs. 750

Reward Type

Reward Points |

Product Details

  • Amazon e-voucher worth Rs. 500 as a welcome gift.
  • Up to 3 Reward Points on every spend of Rs. 100.
  • Buy 1 Get 1 Free offer on movie tickets.
  • Complimentary domestic and international lounge access.
  • Complimentary Swiggy vouchers on achieving the spend milestone.
  • 1% fuel surcharge waiver on all fuel transactions.
  • Exciting discount offers on dining.
  • Spend based waiver of the annual fee.

Rewards and Benefits

Welcome Benefits

Amazon e-voucher worth Rs. 500 on spending Rs. 3,000 or more within the first 30 days.

Movie & Dining

Buy 1 Get 1 Free offer on movies on Inox once every quarter, up to 15% discount on dining.

Rewards Rate

1 Reward Point on every spend of Rs. 100, 2x Reward Points on entertainment categories, and 3x Reward Points on electronics and apparel.

Reward Redemption

The earned rewards can be redeemed at Federal Rewards where 1 Reward Point = Re. 0.25.

Travel

Complimentary domestic & international airport lounge access.

Golf

NA

Domestic Lounge Access

2 complimentary domestic lounge access every quarter.

International Lounge Access

4 complimentary international lounge access every year.

Insurance Benefits

NA

Zero Liability Protection

You will not be liable for any fraudulent transactions made on your credit card if you have reported it as lost/stolen to the bank.

Fees & Charges

Joining Fee

Rs. 750

Renewal Fee

Rs. 750

Spend based Waiver

The annual fee is waived off on spending Rs. 75,000 or more in the previous year.

Rewards Redemption Fee

Rs. 99 on every redemption request

Rewards Redemption Fee

Rs. 99 on every redemption request

Foreign Currency Markup

3.5% on all foreign currency transactions

Interest Rates

starting from 0.49% per month

Fuel Surcharge

1% fuel surcharge waiver on all fuel transactions between Rs. 400 and Rs. 5,000.

Cash Advance Charge

2.5% of the withdrawn amount subject to a minimum of Rs. 500.

Add-on Card Fee

Rs. 100

Federal Bank RuPay Signet Credit Card Features and Benefits

The Federal Bank RuPay Signet Credit Card comes with several exciting benefits across different categories, including travel, movies, dining, reward programs, and many more. From welcome benefits to reward points to milestone programs, it has really great features and benefits. To understand the same in detail, refer to the following information:

Welcome Benefits

You get an Amazon e-voucher worth Rs. 500 on spending Rs. 3,000 or more within the first 30 days of card issuance.

Reward Points

  • You get 3 Reward Points on every spend of Rs. 100 on electronics & apparel categories.
  • You get 2 Reward Points on every spend of Rs. 100 on entertainment categories.
  • You get 1 Reward Point on every Rs. 100 spent elsewhere.

Reward Points Redemption

  • The Reward Points you earn using the Federal Bank RuPay Signet Credit Card can be redeemed against various options available at the Federal Rewards portal.
  • 1 Reward Point = Re. 0.25.
  • The Reward Points expire if not redeemed within 1 year from the accrual date.

Milestone Benefits

Get complimentary Swiggy vouchers on spending Rs. 20,000 or more in a quarter using your Federal Bank RuPay Signet Credit Card.

Movie & Dining Benefits

  • Avail exclusive Buy 1 Get 1 Free offer on movie tickets once every quarter on Inox.
  • Enjoy a discount of up to 15% on dining across several restaurants under the FedDelights program.

Airport Lounge Access

  • You get 2 complimentary domestic lounge access every quarter (8 every year).
  • You get 4 complimentary international lounge access every year.

Fuel Surcharge Waiver

  • You get a 1% fuel surcharge waiver for all fuel transactions between Rs. 400 and Rs. 5,000.
  • The maximum benefit through the fuel surcharge waiver is capped at Rs. 150 per month.

Spend-Based Waiver

The annual fee of Rs. 750 can be waived off from the second year if you have spent Rs. 75,000 or more in the previous anniversary year.

How To Apply For The Federal Bank RuPay Signet Credit Card?

To apply for the RuPay Signet Credit Card, you can either visit your nearest Federal bank branch or you can apply online by following the below-mentioned steps:

  • Visit the Credit Cards page of the Federal Bank.
  • Select the ‘Rupay Signet Credit Card.’
  • Scroll down and click on ‘Apply Now.’
  • Start the application process by entering your mobile number.
  • Fill in all the required details in the next steps.

Conclusion

The Federal Bank RuPay Signet Credit Card is the only card issued on the RuPay network by the Federal Bank. Earlier, most of the Federal Bank Credit Cards were being issued on the Mastercard network, but the bank tied up with Visa & RuPay after the RBI’s ban on MasterCard. the Signet Credit Card is also issued on the Visa network, but its RuPay variant can be considered slightly more rewarding as it provides complimentary domestic as well as international lounge access whereas the Visa variant only comes with free domestic lounge access. Moreover, the buy 1 get 1 free offer on movies, discounts on dining, fuel surcharge waiver, etc, make this card even more advantageous. With a nominal annual fee of Rs. 750, this card benefits its customers over almost every category. And this annual fee can also be waived off just by spending Rs. 75,000 in a year, which is not really a big deal. Keeping all its features in mind, the card can be considered a great choice for individuals who spent across different categories and want to save more and more. If you have any further doubts regarding the features or fees & charges of this card, you can freely ask us in the comment section below!

FAQs:

The annual fee of the Federal Bank RuPay Signet Credit Card is Rs. 750.

Yes, you can complimentary international as well as domestic lounge access with this credit card. It provides you with 4 complimentary international lounge access and 8 complimentary domestic lounge access every year.

The interest rate on the Federal Bank RuPay Signet Card starts from 0.49% per month and it can be different for each cardholder, depending on their credit profile.

The value of 1 Reward Point is Re. 0.25 for this credit card.

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