By Bharti Bisht
Updated On October 20, 2021

Targeting young professionals, the Federal Bank Visa Signet Credit Card has been launched by the bank in partnership with Visa after Mastercard was banned. It was launched along with the Federal Bank Visa Celesta Credit card & Federal Bank Visa Imperio Credit Card, both targeting different segments of individuals. The Signet credit card welcomes its customers with an Amazon gift voucher worth Rs. 500. With this card, you can earn up to 3 Reward Points on every Rs. 100 you spend. Talking about its entertainment benefits, you can avail yourself of 1 complimentary movie ticket every month on Inox. Moreover, you get exclusive travel and lifestyle benefits, including complimentary airport lounge access, and up to a 15% discount on dining. There are lots of other benefits of the card that allow its customers to save more and more on their spends. To know more details about the Federal Bank Visa Signet Credit Card, keep reading the information given below:

Best Suited For

Movies | Shopping |

Joining Fee

Rs. 750

Reward Type

Reward Points |

Product Details

  • You get 3X Reward Points on your spends on electronics and apparel using your Federal Bank Visa Signet Credit Card.
  • You get 2X Reward Points on your spends on entertainment categories and 1X Reward Points elsewhere.
  • Welcome gift voucher worth Rs. 500.
  • Get Buy 1 Get 1 Free offer on movie tickets on Inox.
  • Complimentary domestic lounge access.
  • 1% fuel surcharge waiver.
  • Complimentary Swiggy vouchers every quarter on the basis of quarterly spends.
  • Spend-based annual fee waiver.

Rewards and Benefits

Welcome Benefits

Amazon gift voucher worth Rs. 500.

Movie & Dining

Buy 1 Get 1 free offer on movie tickets, and up to 15% off on dining.

Rewards Rate

3 Reward Points per Rs. 100 spent on electronics & apparel, 2 RPs per Rs. 100 spent on entertainment, and 1 RP per Rs. 100 spent on other categories.

Reward Redemption

The earned Reward Points can be at Federal Rewards at a rate of 1 Reward Point = Re. 0.25.

Travel

You get complimentary domestic lounge access every quarter.

Golf

NA

Domestic Lounge Access

1 complimentary domestic lounge access every quarter.

International Lounge Access

NA

Insurance Benefits

NA

Zero Liability Protection

You will not be liable for any fraudulent transactions made on your lost card if the loss is reported to the bank in a timely manner.

Fees & Charges

Joining Fee

Rs. 750

Renewal Fee

Rs. 750

Spend based Waiver

The renewal 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

0.49% to 3.49% per month.

Fuel Surcharge

1% fuel surcharge is waived off on all fuel transactions.

Cash Advance Charge

2.5% of the amount transacted or Rs. 500 (whichever is higher).

Add-on Card Fee

Rs. 100 on every add-on card.

Federal Bank Visa Signet Credit Card Rewards:

  • You earn 3 Reward Points on every Rs. 100 you spend on electronics and apparel categories.
  • You earn 2 Reward Points on every Rs. 100 spent on entertainment categories.
  • You earn 1 Reward Point on every Rs. 100 spent on all other categories.

Welcome Benefits

You get an Amazon gift voucher worth Rs. 500 as a welcome benefit on achieving a spend of Rs. 3,000 or more within the first 30 days after the card activation date.

Rewards Redemption

  • The Reward Points you earn using your Federal Bank Visa Signet Credit Card can be redeemed at Federal Rewards against an array of categories.
  • 1 Reward Point = Re. 0.25, i.e. 4 Reward Points = Re. 1.
  • The reward points expire after 1 year from the date of accrual.

Milestone Benefits

You get complimentary Swiggy vouchers every quarter on achieving a minimum quarterly spend of Rs. 20,000.

Travel Benefits

You get 1complimentary domestic lounge access every quarter (4 every year) using your Federal Bank Visa Signet Credit Card.

Dining & Movie Benefits

  • The Federal Bank Visa Signet Credit Cardholders can avail of a discount of up to 15% on dining through the FedDelights Program.
  • You get a Buy 1 Get 1 Free offer on movie tickets on Inox once every quarter.

Fuel Surcharge Waiver

1% fuel surcharge is waived off on all fuel transactions across all authorized fuel stations in India when you pay using your Federal Bank Visa Signet Credit Card.

Joining and Renewal Fee Waiver

The renewal fee of Rs. 750 is waived off if you spend Rs. 75,000 or more in the previous anniversary year.

Conclusion

Keeping all the features and benefits of the Federal Bank Visa Signet Credit Card in mind, it can be said that the card would be a great choice for young professionals who are looking for an affordable credit card to manage their spends. With such a low annual fee of Rs. 750 only, the card comes with exclusive reward offers and benefits that most of the premium credit cards provide. Be it travel, entertainment, dining, or shopping, this card is advantageous in all categories. So, if you are a young professional and looking for a credit card with most of the benefits for you, you should undoubtedly go with the Federal Bank Visa Signet Credit Card.

FAQs:

With the Federal Bank Visa Signet Credit Card, you need a minimum of 250 Reward Points for redemption.

The interest charges on the Federal Bank Visa Signature credit card can vary from 0.49% to 3.49% per month on the basis of the average account balance of the cardholder.

With the Federal Bank Visa Signet Credit Card, you earn 3X Reward Points on the electronics and Apparel categories.

You can get the renewal fee waived off for this card by spending a minimum of Rs. 75,000 in a year.

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