- Features And Benefits Of Federal Bank RuPay Signet Credit Card
- Fees And Charges Of Federal Bank Rupay Signet Credit Card
- How To Apply For Federal Bank RuPay Signet Credit Card?
- Federal Bank RuPay Signet Credit Card: Eligibility And Documentation
- Should You Apply For Federal Bank RuPay Signet Credit Card?
- Other Credit Cards
The Federal Bank offers the Signet Credit Card on the Visa and RuPay networks, both of which have nearly identical features. The Federal Bank RuPay Signet Credit Card has a 750-rupee annual charge and offers new users a 500-rupee Amazon e-gift voucher after they spend the required amount within the first month. Additionally, for every 100 rupee purchase, you can earn up to 3 reward points. With the RuPay Signet Credit Card, you receive many more benefits in a variety of categories in addition to Reward Points.
You can receive Swiggy vouchers every three months if you reach the necessary spend threshold. Additionally, you may take advantage of amazing discounts on eating at numerous participating restaurants across the nation as well as the buy one get one free deal on cinema tickets every three months. Regarding its travel perks, both domestic and international airport terminals offer free access to airport lounges.
Features And Benefits Of Federal Bank RuPay Signet Credit Card
Numerous exciting perks are offered with the Federal Bank RuPay Signet Credit Card in a variety of areas, including rewards programmes, dining, entertainment, and travel. It has a lot of really amazing features and advantages, from welcome perks to reward points to milestone programmes. Refer to the following details to comprehend the same in detail:
Welcome Benefits
- If you spend Rs. 3,000 or more during the first 30 days of receiving your card, you will receive an Amazon e-voucher worth Rs. 500.
Reward Points
- For every Rs. 100 you spend on electronics and clothing, you receive 3 reward points.
- For every Rs. 100 spent in the entertainment categories, you receive 2 reward points.
- For every 100 rupees spent elsewhere, you receive 1 reward point.
Reward Points Redemption
- You can use the Federal Bank RuPay Signet Credit Card’s reward points to get a variety of things by using the Federal Rewards website.
- 1 Reward Point is equal to 0.25 Re.
- If the reward points are not used within a year after the accrual date, they expire.
Milestone Benefits
- Spend Rs. 20,000 or more in one quarter on your Federal Bank RuPay Signet Credit Card to receive free Swiggy vouchers.
Movie And Dining Benefits
- Get a free movie ticket when you buy one on Inox once every three months.
- The FedDelights programme offers discounts of up to 15% on eating at various establishments.
Airport Lounge Access
- You receive two free visits to a domestic lounge per quarter and eight free visits each year.
- Four visits to an international lounge are free each year.
Fuel Surcharge Waiver
- For all fuel purchases between Rs. 400 and Rs. 5,000, the 1% fuel surcharge is waived.
- The monthly benefit from the elimination of the gasoline surcharge is capped at Rs. 150.
Spend Based Waiver
- If you spend Rs. 75,000 or more in the anniversary year prior, the yearly charge of Rs. 750 will be waived beginning with the following year.
Other Benefits
The Federal Bank Rupay Signet Credit Card also offers additional travel, entertainment, and fuel incentives, including the following:
- Once every three months, the BOGO (Buy One Get One) offer is available for INOX films.
- remission of Annual Fees: Annual fee remission upon expenditure of Rs. 75,000 lakh per year.
- 15% off dining through the FedDelights programme, plus free Swiggy coupons with a quarterly expenditure of Rs. 20,000.
- Get Rs. 2 Lakh in Personal Accident Insurance Coverage and Concierge Services Round-the-Clock.
Fees And Charges Of Federal Bank Rupay Signet Credit Card
The following table lists the fees and charges related to this credit card:
| Categories | Fees |
|---|---|
| Interest free period | 48 days |
| Minimum amount to be repaid | A minimum of Rs. 100 or 5% |
| Cash advance limit | 10% |
| Annual membership fees/Renewal | Rs.750 |
| Annual fee waiver | When you spend Rs. 75,000 on your credit card each year, you can get your annual fee removed. |
| Add-on card fee | Rs. 100 per card, up to a maximum of three |
| Interest rate | 5.88% p.a. to 3.49% p.m. to 41.88% p.a., or 0.49% p.m. |
| Cash advance fees | 2.5% of the withdrawal amount, or Rs. 500, whichever is greater |
| Late payment fees | Maximum Rs. 1,000 |
| Cheque dishonor charges | 2% of the total amount due, with a minimum of Rs. 450. |
| Over limit charges | 2.5% of the excess amount, with a minimum of Rs. 500. |
| Cash payment fee | Rs.100 |
| Rewards redemption fee | per request, Rs.99 |
| Loan processing fee and Pre-closure charges | EMI processing fees: 2.5% of the loan amount, with a 500 rupee minimum. Pre-closing charges on loans: 3% of the total amount due. |
| Reissuing of lost, damaged, or stolen credit card | Rs.200 |
| Outstation cheque and Processing charge | Cheque value between Rs. 25 and Rs. 5,000Value of cheque over Rs. 5,000 – Rs. 50 |
| Forex markup fee | 3.5% |
How To Apply For Federal Bank RuPay Signet Credit Card?
Online Method
- Go to https://www.federalbank.co.in/rupay-signet-credit-card and click the link.
- Click the “Apply Now” button on the page. You’ll be taken to an alternative page.
- Check the box indicating that you accept all of the terms and conditions put forth by the bank and enter your mobile number in the provided space.
- Click on “Request OTP.” A One-Time Password (OTP) will be sent to your mobile device. Proceed with the instructions after entering the OTP to finish the application process.
Offline Method
You can apply for the Rupay Signet Credit Card in person at the Federal Bank branch that is closest to you, providing all required documentation. The application process will be facilitated by a bank representative.
Federal Bank RuPay Signet Credit Card: Eligibility And Documentation
The following eligibility requirements must be met by the applicant in order to apply for the Federal Bank Rupay Signet 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 RuPay Signet Credit Card?
Customers of the Federal Bank Rupay Signet Credit Card are eligible for a wide range of rewards in areas like travel, entertainment, and lifestyle. Many customers may be disappointed with this credit card because you may only earn reward points in specific categories, which prevents you from taking advantage of the majority of the perks associated with reward points.
In addition, this card comes with a few extra benefits over the visa version, like a Rs. 2 lakh personal accident insurance cover, round-the-clock concierge services, and free lounge access twice a quarter at domestic airports and four times a year at international airports, as opposed to the visa variant’s once a quarter at domestic airports.
For those who want a card with respectable features but don’t want to pay a hefty annual fee, this is a smart choice.
Conclusion
The sole credit card that the Federal Bank issues on the RuPay network is the Federal Bank RuPay Signet Credit Card. Prior to the RBI’s MasterCard prohibition, the majority of Federal Bank credit cards were issued through the Mastercard network. However, the bank partnered with Visa and RuPay. The Signet Credit Card is also issued on the Visa network; however, the RuPay version is a little more advantageous since it offers free access to both domestic and foreign lounges, while the Visa version only offers free access to domestic lounges. Additionally, this card is even more beneficial because of the buy one get one free movie deal, meal savings, fuel surcharge waiver, and other benefits. For an annual cost of just Rs. 750, this card offers perks to users in nearly every category. Not too big of a deal, but you may also get this annual fee cancelled by spending just Rs. 75,000 a year. Considering all of its characteristics, the card is a fantastic option for people who spend money in a variety of categories and wish to continue saving more.
FAQs
What is the payment due date for the Rupay Signet Credit Card?
The payment due date is the 18th day of every month with a grace period of two days allowed.
Who can apply for an add-on credit card?
Any immediate member of your family who such as your spouse, parents, parents-in-law, sibling, or children and are aged 18 years and above can avail a maximum of three add-on credit cards.
How can I get in touch with a Federal Bank customer care executive in case of any query?
You can in touch by calling Federal Bank credit card toll-free numbers at 1800 – 425 – 1199 or 1800 – 420 – 1199. If you stay abroad, you can call on the number 080-61991199. This service is available 24×7. You can also send a mail to in case of any credit card-related query.
How do I retrieve my Federal Bank Rupay Credit Card in case it is lost, stolen, or damaged?
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.
How many times can I avail BOGO offer on movie tickets with my Federal Bank Rupay Signet Credit Card?
You can avail buy one get one free movie ticket offer once a quarter on INOX. However, 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.
What is the cash advance fee charged on Federal Bank Rupay Signet 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.
What is the interest-free period on this credit card?
The interest free period credit card on this card is up to 48 days.
What are the credit cards offered by Federal Bank?
Federal Bank offers two types of credit cards. they are:
Federal Bank SBI – VISA Gold ‘N More credit card
Federal Bank SBI VISA Platinum credit card
What is the maximum credit limit I can get on my Federal Bank Credit cards?
You can get a maximum credit limit of up to Rs. 5 lakhs on Federal Bank credit cards. However, note this to be eligible for the maximum credit limit, you have to meet the various credit card eligibility criteria set by the bank.
What are the primary factors that Federal Bank looks into while processing my credit card application?
The essential factors that determine your credit card eligibility are:
Credit Score
Income
Employment type
Age
Existing relationship with the bank
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