- Features And Benefits Of Federal Bank Visa Celesta Credit Card
- Fees And Charges Of Federal Bank Visa Celesta Credit Card
- Interest On Revolving Credit For Federal Bank Visa Celesta Credit Card
- Federal Bank Visa Celesta Credit Card: Eligibility And Documentation
- Should You Apply For Federal Bank Visa Celesta Credit Card?
- Cards Similar To Federal Bank Visa Celesta Credit Card
- Other Credit Cards
National Bank A recently introduced credit card from the Federal Bank is the Visa Celesta Credit Card. After Mastercard was prohibited by the RBI from issuing new credit cards, the bank and Visa collaborated to offer the card. Because the card is intended primarily for high net worth individuals, it offers special benefits in a number of areas. The card offers a plethora of interesting welcome perks, travel privileges, entertainment advantages, and much more, all tailored to meet the needs of their target audience. Spending Rs. 100 with this card might earn you up to 3 Reward Points. You receive a Rs. 2,000 Amazon gift card as a welcome gift.
In terms of travel perks, you are entitled to free annual admission to both domestic and international lounges. To enhance your moviegoing experiences, the card offers a Buy 1 Get 1 free promotion on Inox movie tickets. You also receive a remission of the 1% fuel surcharge, an annual fee waiver, and a meal discount of up to 15%. The Federal Bank Visa Celesta Credit Card offers a plethora of additional advantages. Read the entire article to learn about them all as well as the fees and charges associated with the card.
Features And Benefits Of Federal Bank Visa Celesta Credit Card
You can get a lot of benefits with the Federal Bank Visa Celesta Credit Card, including rewards, free cinema tickets, free visits, free coupons, and much more. The following lists the main attributes and advantages of this credit card:
Welcome Benefits
As a welcome bonus, you can spend Rs. 10,000 during the first 30 days following the card set-up date and receive an Amazon gift card worth Rs. 2,000.
Federal Bank Visa Celesta Credit Card Rewards
- For every Rs. 100 you spend on travel and foreign expenses, you will receive three Reward Points.
- For every Rs. 100 you spend on dining, you receive two reward points.
- For every Rs. 100 you spend elsewhere, you receive 1 Reward Point.
Rewards Redemption
- You can use Federal Rewards to exchange the Reward Points that you accrue with your Federal Bank Visa Celesta Credit Card.
- Rs. 0.25 is equal to 1 reward point.
- After the date of accrual, the reward points are valid for a full year.
Travel Benefits
- You are entitled to four complimentary visits to domestic lounges per quarter (16 annually).
- You get 2 complimentary international lounge access every year.
Dining And Movie Benefits
- Through the FedDelights Programme, Federal Bank Visa Celesta Credit Cardholders can receive up to a 15% meal discount.
- You can get one movie ticket on Inox for free when you buy one.
Fuel Surcharge Waiver
- When using your Federal Bank Visa Celesta Credit Card to make a payment, all authorized petrol stations in India will forgo the 1% fuel surcharge.
Joining And Renewal Fee Waiver
- If you spent at least Rs. 3 lakhs in the year prior to your anniversary, you will not be charged the Rs. 3,000 renewal cost.
Fees And Charges Of Federal Bank Visa Celesta Credit Card
The fees and charges related to the Federal Bank Visa Celesta Credit Card are listed below:
| Type of Charge | Fee |
|---|---|
| Annual fee | Rs.3,000 |
| Add-on credit card | Rs. 100 for each additional card |
| Cash advance fee | 2.5% of the withdrawal amount or Rs. 500, whichever is greater |
| Cash advance limit | 30% |
| 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 percent of the cheque amount, 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 | 2% |
| 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 Celesta 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 Celesta Credit Card: Eligibility And Documentation
The following eligibility requirements must be met by the applicant in order to apply for the Federal Bank Visa Celesta 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 Celesta Credit Card?
Benefits on the Federal Bank Visa Celesta Credit Card are available in a number of categories, such as entertainment, travel, and lifestyle. With the use of this credit card, you can receive monthly savings on cinema tickets. Nevertheless, this discount is only available when purchasing INOX movie tickets. You can also accrue reward points with every transaction made with this credit card.
The Federal Bank Visa Celesta Credit Card’s annual free domestic and international airport lounge access is one of its best benefits. Because the travel category offers the greatest perks, this credit card is an excellent choice if you travel regularly. Nevertheless, there is a hefty annual charge associated with this credit card, which is eliminated once you spend about Rs. 12,500 per month. You can definitely reach the spending milestone if you are a consistent spender. All things considered, if you are willing to pay a hefty annual cost and would want to receive benefits in several categories, this is a respectable choice.
Cards Similar To Federal Bank Visa Celesta Credit Card
If you’re still looking for alternative credit cards that are comparable, you can look at the ones listed in the table below:
| Credit Card | Annual Fee | Key Feature |
| Federal Bank Visa Celesta Credit Card | Rs. 3,000 | 3 times the benefits for spending money in foreign and travel-related areas |
| HDFC Bank Regalia Credit Card | Rs. 2,500 | Every Rs. 150 spent at retail earns you 4 reward points. |
| ICICI Bank Rubyx Credit Card | Rs. 2,000 | 4 PAYBACK points maximum for each Rs. 100 spent. |
| SBI Card PRIME | Rs. 2,999 | Every Rs. 100 spent on eating, groceries, movies and department stores earns you 10 reward points. |
| Axis Bank Select Credit Card | Rs. 3,000 | Ten reward points for every rupee that is spent. |
Conclusion
The ideal candidate for the Federal Bank Visa Celesta Credit Card is someone who values living a lavish lifestyle. With only a Rs. 3,000 annual membership charge, this card has all the special features of a high-end credit card. It offers its customers numerous ways to save money in addition to all of its reward programmes and other perks, such as the remission of yearly fees and fuel surcharges.
Because this card has the lowest forex markup fee—just 2%—you can save a tonne of money on your foreign transactions. If the card meets your needs, there’s no reason not to apply for it given all these special benefits.
FAQs
How many times can I avail the ‘buy one, get one free’ movie ticket benefit?
You can avail the benefit only once a month.
How many add-on credit cards can I get?
You can get up to 3 add-on credit cards.
What is the minimum repayment amount for the credit card?
The minimum repayment amount if 5% of the amount due or a minimum of Rs.100.
How can I apply for Federal Bank Visa Celesta Credit Card?
You can apply for this credit card through both online and offline modes. To apply online, you can visit the official website of the bank. However, if you want to apply offline, you can visit the nearest branch of the bank to fill out the application form.
What is the cash advance fee charged on Federal Bank Visa Celesta Credit Card?
The cash advance fee charged on this credit card is 2.5% of the transaction amount. The cash advance fee is charged when you withdraw cash using your credit card. Therefore, it is advisable not to withdraw cash using your credit card as it can also hamper your credit score.
Does this credit card provide a fuel surcharge waiver on every fuel transaction?
No, you cannot avail fuel surcharge waiver on every fuel transaction. The fuel surcharge waiver of 1% is provided on your transactions between Rs. 400 to Rs. 5,000. This is applicable across all the petro pumps in India. However, the maximum fuel surcharge waiver provided on this credit card is Rs. 150 per month.
What should I do if I lost my credit card?
If you lost your credit card, you should immediately contact the customer care of the bank on 18004251199/ 18004201199. As soon as you report your loss, the bank representative will block your card to prevent it from any fraud.
What is the minimum age requirement for Federal Bank Visa Celesta Credit Card?
The minimum age requirement to apply for this credit card is 18 years. However, the maximum age requirement for the same is 70 years.
What is the forex mark-up fee charged on this credit card?
The bank charges a forex mark-up fee of 2% of the transaction amount on your foreign currency transactions. This is the lowest foreign currency mark-up fee that is charged by the bank across all three variants of credit cards.
What happens if I cross my credit limit?
If you make a transaction that exceeds the available credit limit on your credit card, it is completely at the bank’s discretion to approve or reject the transaction. If the transaction is approved, an over-limit fee will be charged on the amount. However, the bank can also reject your transaction. This is decided by the bank as per your eligibility, income and other factors.
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