- Features And Benefits Of Federal Bank Visa Imperio Credit Card
- Fees And Charges Of Federal Bank Visa Imperio Credit Card
- Interest On Revolving Credit For Federal Bank Visa Imperio Credit Card
- Federal Bank Visa Imperio Credit Card: Eligibility And Documentation
- Should You Apply For Federal Bank Visa Imperio Credit Card?
- Cards Similar To Federal Bank Visa Imperio Credit Card
- Other Credit Cards
National Bank Acceptance Federal Bank has introduced three new credit cards, the Imperio Credit Card being one of them. Federal bank Visa Celesta Credit Card and Federal bank Visa Signet Credit Card are the other two cards. Since the Imperio Credit Card caters primarily to families, the majority of its rewards and features are designed with their needs in mind. Spending Rs. 100 with this card might earn you up to 3 Reward Points. In addition to reward programmes, you also receive special perks for entertainment like Inox’s Buy 1 Get 1 Free movie ticket offer. When dining, you can use your Federal Bank Visa Imperio Credit Card to receive discounts of up to 15%. Additional advantages of the card include gift vouchers, fuel surcharge waivers, free airport lounge access, and many more. To learn about all of its benefits, read the comprehensive details provided below.
Features And Benefits Of Federal Bank Visa Imperio Credit Card
Users of the Federal Bank Visa Imperio Credit Card are eligible for a number of incentives, including rewards, complimentary gift cards, waivers of fuel surcharges and yearly fees, among others. On the other hand, the leisure and lifestyle benefits of this credit card are well known. The salient characteristics and advantages of this credit card are listed below:
Welcome Benefits
- As a welcome bonus, you can spend Rs. 5,000 during the first 30 days following the date of card activation to receive an Amazon gift card worth Rs. 1,000.
Federal Bank Visa Imperio Credit Card Rewards
- For every Rs. 100 you spend on food and healthcare categories, you will receive three Reward Points.
- For every Rs. 100 paid on utility bill payments, you receive two reward points.
- For every Rs. 100 spent in the other categories, you receive one reward point.
Rewards Redemption
- You can redeem your Reward Points at Federal Rewards against a variety of categories when you use your Federal Bank Visa Imperio Credit Card.
- Hence, 4 Reward Points = Re. 1 and 1 Reward Point = Re. 0.25.
- After the date of accrual, the reward points are valid for a full year.
Milestone Benefits
- You can receive free Big Basket gift cards when you spend at least Rs. 50,000 in a quarter.
Travel Benefits
- It is possible to receive two complimentary passes to domestic lounges each quarter by using your Federal Bank Visa Imperio credit card.
Dining And Movie Benefits
- Through the FedDelights Programme, Federal Bank Visa Imperio Credit Cardholders can receive up to a 15% dining discount.
- Once per quarter, you can get one movie ticket on Inox completely free.
Fuel Surcharge Waiver
- When using your Federal Bank Visa Imperio Credit Card to make a payment, all authorized petrol stations in India will waive the 1% fuel surcharge.
Joining And Renewal Fee Waiver
- If you spent at least Rs. 1,50,000 in the year prior to your anniversary, you will not be charged the Rs. 1,500 renewal cost.
Vouchers For Top Brands
This credit card offers you coupons for companies like Amazon Pay and Big Basket in addition to rewards, allowing you to save money on your purchases. The following are the vouchers’ specifics:
- Get a Rs. 1,000 Amazon Pay e-voucher with a minimum purchase of Rs. 5,000 within the first 30 days.
- Free Big Basket coupons with quarterly purchases of Rs. 50,000.
Fees And Charges Of Federal Bank Visa Imperio Credit Card
The fees and charges associated with this credit card are listed in the table below:
| ype of Charge | Fee |
|---|---|
| Annual fee | Rs.1,500 |
| Add-on credit card | Per additional credit card, Rs. 100 |
| Cash advance fee | 2.5% of the money taken out, or 500 rupees, whichever is greater |
| Cash advance limit | 20% |
| Overlimit charges | 2.5% of the amount overboard This requires a minimum of 500 rupees. |
| Late payment | From 101 to 500, the NILRs are 100Rs; 501 to 5,000, the NILRs are 500Rs; 5,001 to 10,000, the NILRs are 600Rs; 10,001 to 25,000, the NILRs are 750Rs; 25,001 to 50,000, the NILRs are 950Over Rs. 50,000–Rs. 1,000 |
| Returned cheque | 2% of the total payment, with a minimum of Rs. 450 |
| Outstation cheque processing fee | Value of cheque up to Rs. 5,000 – Rs. 25Value of cheque exceeding Rs. 5,000 – Rs. 50 |
| TDS on cash withdrawals (more than Rs.1 crore) | 2% is charged for all cash withdrawals combined. |
| Foreign currency mark-up fee | 3.5% |
| Rewards redemption fee | Per redemption request, Rs.99 |
| Cash payment of fee at Federal Bank branches | Rs.100 |
| Re-issue of credit card | Rs.200 |
Interest On Revolving Credit For Federal Bank Visa Imperio Credit Card
| Average monthly balance (last quarter) | Annual Percentage Rate (APR %) |
|---|---|
| Less than Rs.50,000 | 41.88%, or 3.49% monthly |
| Rs.50,000 to Rs.3 lakh | 30.00% or 2.49% monthly |
| Rs.3,00,001 to Rs.10 lakh | 18.00% or 1.49% monthly |
| Over Rs.10 lakh | 5.88% or 0.49% monthly |
Federal Bank Visa Imperio Credit Card: Eligibility And Documentation
The following eligibility requirements must be met by the applicant in order to apply for the Federal Bank Visa Imperio Credit Card:
| Particular | Details |
| Age | 18-70 years |
| Occupation | Be it self-employed or salaried |
| Documents Required | Click here to look at the list of necessary documents |
Should You Apply For Federal Bank Visa Imperio Credit Card?
One of the most recent Federal Bank credit cards to be introduced is the Federal Bank Visa Imperio Credit Card. Benefits on this credit card span a number of categories, such as entertainment, travel, and lifestyle. Every transaction also entitles you to reward points. But when it comes to reward points, you can only accrue the maximum amount on a few categories, which may be a deterrent for many. Thus, you are unable to use this credit card to benefit from the majority of reward point benefits.
For those seeking a credit card with perks related to entertainment and leisure, this is a great choice. With this credit card, you can receive free lounge visits and movie ticket discounts. Overall, you may use this credit card to get a number of benefits across nearly all categories for a little annual fee. If you want a credit card with respectable advantages and don’t want to spend a hefty annual fee, you should choose this one. For those searching for a credit card that provides good reward points in a variety of areas, this might not be the best choice.
Cards Similar To Federal Bank Visa Imperio Credit Card
If you’re searching for additional credit cards with features comparable to this one, have a look at the ones listed in the following table:
| Credit Card | Annual Fee | Key Feature |
| Federal Bank Visa Imperio Credit Card | Rs. 1,500 | 3X incentives for spending in some categories |
| HDFC Millennia Credit Card | Rs. 1,000 | 5% off at Flipkart and Amazon |
| SBI SimplyClick Credit Card | Rs. 499 | 10X reward points are awarded for purchases made at partner brands such as Urban Clap, BookMyShow, Cleartrip, and Amazon. |
| HSBC Cashback Credit Card | Rs. 750 | 1.5% rebate on all purchases made online |
| Kotak Royale Signature Credit Card | Rs. 999 | 4 times the reward points for every Rs. 150 spend in designated categories |
Conclusion
As the name suggests, it has all the special features and advantages that someone who values their family would want in a credit card. Targeted clients are satisfied with the card’s offerings, which range from 15% off meals to expedited Reward Points on grocery and medical services. The card offers a number of benefits over nearly every category—travel, dining, shopping, entertainment, etc.—for a very low yearly membership cost. Aside from that, the card’s 1% fuel cost waiver allows you to drastically reduce the amount you spend on petrol.
FAQs
How many times can I avail the BOGO offer on movie tickets?
You can avail buy one get one free movie ticket offer once a quarter. This offer is only applicable on INOX movie ticket bookings and the maximum discount is capped at Rs. 100. If the ticket amount exceeds Rs. 100, then the cardholder has to pay the rest of the amount.
How do I reach out to the Federal Bank customer care department?
You can reach out to the Federal Bank customer care department at 18004251199 or 18004201199.
What is the interest-free period for the credit card?
The interest-free period for the Federal Bank Visa Imperio Credit Card is 48 days.
How many times in one month can I enjoy the entertainment benefit of ‘buy one, get one free’ movie ticket?
You can avail the entertainment offer once per calendar quarter.
What is the cash advance fee charged on Federal Bank Visa Imperio Credit Card?
Federal Bank charges a cash advance fee of 2.5% of the transaction amount for this credit card. Therefore, it is advisable not to withdraw cash using your credit card as it comes with charges and can also impact your credit score.
Can I avail a fuel surcharge waiver on every fuel transaction?
No, you can avail a 1% fuel surcharge waiver on your transactions between Rs. 400 to Rs. 5,000 across all petrol pumps in India. However, you can avail the maximum discount of Rs. 150 per month. Also, the rate of surcharge may vary depending on the fuel station.
Does reward points come with an expiry date?
Yes, the reward points offered on the Federal Bank Visa Imperio Credit Card expire after 1 year from the accrual date. Therefore, it is important to redeem all your earned reward points to avail the maximum benefits.
What should I do if I lost my credit card?
In such a case, you should contact the customer care of Federal Bank and inform them about your loss, so that they can immediately block your credit card. You can contact customer care on 18004251199/ 18004201199.
What is the forex mark-up fee charged on this credit card?
Federal Bank Visa Imperio Credit Card charges a forex mark-up fee of 3.5% of the transaction amount.
How can I apply for Federal Bank Visa Imperio Credit Card?
You can apply for this credit card via both online as well as offline modes. You can visit the official website of the Federal Bank to apply online. Whereas, if you want to apply offline, you can visit the nearest branch of the bank to fill out the application form.
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