Federal Bank RuPay Signet Credit Card
- Updated On: 30 June, 2026
The Federal Bank issues the Signet Credit Card on Visa, and the RuPay network has almost the same features. The Federal Bank RuPay Signet Credit Card is a lifetime free credit card and comes with an Amazon e-gift voucher worth ₹200 on achieving the required spend of ₹3,000 within one month. Moreover, it earns you up to 3 Reward Points on every spend of ₹200. With the RuPay Signet Credit Card, you not only earn Reward Points but also gain a lot more privileges across different categories.
On achieving the required spend milestone, you can get Swiggy vouchers each quarter. Moreover, you can avail yourself of the buy-one-get-one-free offer on movie tickets every quarter. Talking about its travel privileges, you get complimentary airport lounge access at domestic airport terminals. To learn the detailed advantages of the Federal Bank RuPay Signet Credit Card, go through the complete article.
Federal Bank RuPay Signet Credit Card
( 4.5 / 5 )
- Joining Fee
- Annual Fee
- Best Suited For
- Reward Type
Rewards Rate
3X RP/₹200 on Electronics and Apparel, 2X RP/₹200 on Entertainment Categories and 1X RP/₹200 on Other Categories
Welcome Benefits
Amazon Pay Vouchers Worth ₹200
Rewards and Benefits
Movie & Dining
Buy 1 Get 1 Offer on INOX Movie Tickets Once a Quarter, and Complimentary Swiggy Vouchers on Quarterly Spend of ₹20,000 as a Milestone Benefit
Rewards Rate
3X RP/₹200 on Electronics and Apparel, 2X RP/₹200 on Entertainment Categories and 1X RP/₹200 on Other Categories
Reward Redemption
1 Reward Point = ₹0.25 & When Redeeming Against Statement – 1 RP = ₹0.10
Travel
N/A
Domestic Lounge Access
Complimentary Access Once a Quarter, Four Free Visits Annually
International Lounge Access
N/A
Golf
N/A
Insurance Benefits
Personal Accident Insurance Cover of Up to ₹2 lakhs
Fees & Charges
Spend-Based Waiver
N/A
Rewards Redemption Fee
₹99 On Every Redemption Request
Foreign Currency Markup
3.5%
Interest Rates
From 0.69% Monthly (8.28% Annually)
Fuel Surcharge Waiver
1% Fuel Surcharge Waiver on Fuel Transactions Between ₹400 and ₹5,000
Cash Advance Charges
2.5% of the Amount or a Minimum of ₹500, Whichever is Higher
Product Details
- Amazon e-voucher worth ₹200 as a welcome gift
- Up to 3 Reward Points on everyday spending
- Buy 1 Get 1 Free offer on movie tickets
- Complimentary domestic lounge access
- Complimentary Swiggy vouchers on achieving the spend milestone
- Exciting dining discount offers
Pros/Cons
Pros
- Currently being offered as a lifetime free credit card
- Available on Visa as well as RuPay networks
- Users can link the RuPay variant of the credit card to UPI
Cons
- There is no complimentary international airport lounge access with the card
- The card does not offer any lifestyle perks other than BOGO movie offers
- The card does not have an extraordinary reward rate, there are better reward rates with other lifetime free credit cards.
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
Even though this card is a lifetime free card, cardholders can still get an Amazon e-voucher worth ₹200 on spending ₹3,000 or more within the first 30 days of card issuance.
Milestone Benefits
Users can receive complimentary Swiggy vouchers when you spend ₹20,000 or more in a quarter using your Federal Bank RuPay Signet Credit Card.
Movie and Dining Benefits
Avail exclusive Buy One Get One on INOX movie tickets once every quarter.
Airport Lounge Access
Avail of the four complimentary domestic airport lounge access a year, limited to one every calendar quarter.
Fuel Surcharge Waiver
- Get a 1% fuel surcharge waiver for all fuel transactions between ₹400 and ₹5,000.
- The maximum benefit through the fuel surcharge waiver is capped at ₹150 per month.
Earning Rewards With RuPay Signet Credit Card
Federal Bank’s RuPay Signet Credit Card has a decent reward structure.
- Earn 3 Reward Points on every spend of ₹200 on electronics & apparels.
- Get 2 Reward Points on every spend of ₹200 on entertainment categories.
- Finally, earn 1 Reward Point on every ₹200 spent elsewhere.
Reward Points Redemption
The Reward Points earned using the Federal Bank RuPay Signet Credit Card can be redeemed against various options available at the Federal Rewards portal. 1 Reward Point = ₹0.25. When redeemed against the statement, 1 Reward Point = ₹0.10. No reward points are awarded for cash transactions, fuel expenditures, rent payments, e-wallet loading, or government transactions. Reward Points for insurance transactions are capped at 250 points per card per month.
Bottom Line
The Federal Bank RuPay Signet Credit Card is the only card issued on the RuPay network by the Federal Bank. The Signet Credit Card is also issued on the Visa network. The card has a reward rate of upto 3x points on every ₹200 spent by the user. The card provides complimentary domestic lounge access to its customers and the BOGO offer on movies, discounts on dining, fuel surcharge waiver, etc, make this card advantageous. Keeping all its features in mind, the card can be considered a great choice for individuals who spend across different categories and want to save more and more.
FAQs:
Do I get complimentary airport lounge access with the card?
Yes, this credit card provides complimentary domestic lounge access. It gives four complimentary lounge access per year, limited to one per quarter.
What is the value of one reward point?
When redeemed at the Federal Rewards portal, the value of one point is ₹0.25, however, when redeemed as cash against the statement, 1RP=₹0.10.
What is the interest rate of the card?
The interest rate on the Federal Bank RuPay Signet Card starts from 0.69% monthly (8.28% annually)
Can this card be linked for UPI payments?
Yes, just like all RuPay credit cards, this credit card can also be linked to UPI.
5 comments
Nagesh Babulal Jaiswal
Excellent
Rajib
Why are you mixing a visa and a Rupay credit card while applying? Lastly, I have applied for a Signet credit card, but it was not mentioned whether it is a Rupay card or a Visa card. Please rectify those.
I_AM_5RAV5
There is no option to choose rupay credit card
Then how to get
siddharth
can this card be linked for UPI payments
Kartik Kanwar
Yes, currently all RuPay credit cards can be linked to UPI.