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The Federal Bank issues the Signet Credit Card on Visa as well as the RuPay network, both variants having 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 Rs. 200 on achieving the required spend of Rs. 3,000 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 the detailed advantages of the Federal bank RuPay Signet Credit Card, go through the complete article.

Federal Bank RuPay Signet Credit Card Feature
(4.5/5)

Fees

Joining Fee

Nil

Renewal Fee

Nil

Best Suited For

Shopping |

Reward Type

Reward Points

Welcome Benefits

Amazon Vouchers Worth Rs. 200

Movie & Dining

Buy 1 Get 1 Free Offer on PVR Inox Once Every Quarter

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

N/A

Golf

NA

Domestic Lounge Access

1 Free Domestic Lounge Access Every Quarter

International Lounge Access

N/A

Insurance Benefits

Personal Accident Insurance Cover of Rs. 2 Lakhs

Zero Liability Protection

Cardholder Will Not Be Liable for Any Fraudulent Transaction if the Card is Reported Lost or Stolen to the Bank in a Timely Manner

Spend Based Waiver

N/A

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

0.49% Monthly (5.88% Annually)

Fuel Surcharge

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

Cash Advance Charges

2.5% of the withdrawn amount subject to a minimum of Rs. 500.

Add-on Card Fee

Rs. 100

  • Amazon e-voucher worth Rs. 200 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.
  • Exciting discount offers on dining.

Pros

  • This is a lifetime free credit card.
  • You can link this credit card to UPI.

Cons

  • There is no international lounge access with this card.

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. 200 on spending Rs. 3,000 or more within the first 30 days of card issuance.

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 PVR Inox.
  • Enjoy a discount of up to 15% on dining across several restaurants under the FedDelights program.

Airport Lounge Access

You get 1 complimentary domestic lounge access every quarter (4 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.

Federal Bank RuPay Signet Credit Card Rewards

  • 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.

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:

  • Click on the Apply Now button on your screen.
  • Start the application process by entering your details.
  • Submit your application.

Federal Bank RuPay Signet Credit Card Review

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. Still, its RuPay variant can be considered slightly more rewarding as it provides complimentary domestic as well as international lounge access. In contrast, 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. 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. 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:

Yes, you can get complimentary domestic lounge access with this credit card. It provides you with 4 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.

4 Comments

  1. siddharth Reply

    can this card be linked for UPI payments

    • Kartik Kanwar Reply

      Yes, currently all RuPay credit cards can be linked to UPI.

  2. I_AM_5RAV5 Reply

    There is no option to choose rupay credit card
    Then how to get

  3. Rajib Reply

    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.

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