First-year fee
Joining fee Nil
Annual fee
Annual fee Nil
What it gives back
3x rewards for Travel and International categories, 2x rewards for Dining categories and 1x rewards for other categories.
How it compares
Compared with the cards we have read
Fees
Joining fee
Joining fee Nil
Annual fee
Annual fee Nil
Add-on card fee
Fee for Add on Card: ₹100/- per card + GST (Maximum 4 cards)
Welcome offer
Welcome benefit
Amazon Pay e-Voucher worth ₹600 on minimum spend of ₹10,000 in first 30 days
Rewards
Reward rate
3x rewards for Travel and International categories, 2x rewards for Dining categories and 1x rewards for other categories.
Reward exclusions
No Reward Points will be accrued on cash transactions, Fuel expenditures, E-wallet loading and Government transactions; transactions related to financial institutions (6012) & Quasi Cash (6051 & 6050) will not earn Reward Points; rent payments made via Card will not accrue Reward Points.
Reward caps
Reward Points accrued for Insurance transactions (6300 & 5960) will have a monthly capping of 250 points per card per calendar month.
What one reward unit is worth
Each Federal Reward Point is valued at ₹0.25.
Statement-credit redemption
Redemption of Reward Points towards ‘Cash’ to the Card Account: 10 paise per point.
Card benefits
International lounge access
Complimentary lounge access: 2 International Lounge access in a year without any spend criteria.
Domestic lounge access
Domestic Lounge access: spend ₹60,000 or more in a quarter to enjoy 2 visits in the next quarter.
Movie or entertainment ticket benefit
INOX BOGO (Buy One Get One) movie ticket offer (up to ₹100 off), once a month
Also included
Fuel surcharge waiver
1% fuel surcharge waiver at all fuel stations across India.
Add-on card eligibility
Additional Card member: an individual who is a resident Indian/NRI/ Foreign national working in India and a member of the immediate family of Primary Card member (Spouse, Brothers, Sisters, Parents, Parent In-laws & Children), above the age of 18 years.
Purchase to EMI conversion
Credit Card EMI facility: at the time of transaction through merchant outlet (POS machine), online transactions and Post transaction via Fed Mobile/ Fed Net and contact centre.
Charges
Forex markup
2% on foreign currency transactions.
Cash advance fee
Cash advance fee 2.5% of amount withdrawn or ₹500, whichever is higher.
Interest on unpaid balance
Interest 1.99% to 3.75% p.m. (23.88% to 45% p.a.), depending on your banking relationship.
Interest-free period
Up to 48 days
Late payment fee
Late payment fee by balance after due date: ₹0 on ₹0-250, ₹250 on ₹251-1,000, ₹500 on ₹1,001-5,000, ₹1,000 on ₹5,001-25,000, ₹1,250 on ₹25,001 and above.
Card replacement fee
₹200/
Cash payment / cash deposit fee
Fee for Cash Payment ₹100/.
Reward redemption fee
₹99/- per redemption request
Wallet load charge
Wallet loading charges: With effect from 1 st May 2024, a fee of 1% of the transaction amount will be levied on wallet load transactions, along with the applicable taxes.
Rent transaction fee
Rent Payments A fee of 1% of the total transaction amount will be levied on rental transactions, along with the applicable taxes.
GST note
Goods & Service Tax (GST) will be applicable on all fees, interest and other charges at rates as notified by the Government of India from time to time.
Minimum amount due
Minimum Amount Due (MAD) MAD is calculated as sum of Total GST + Current month EMI Debits + [Max of (100% of Fee/ Charges + 2% of (Retail Spends, Cash Advance, Interest)) or ₹200] + previously unpaid MAD (if any) + Overlimit Utilization Amount (if any).
How we know - 5 documents from Federal Bank, checked 8 Nov 2026
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