Federal Bank Mastercard Signet Credit Card

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 benefit

Amazon Pay e voucher worth ₹200 on minimum spends of ₹3000 on first 30 days

Reward rate

3x rewards for Electronics and Apparel categories, 2x rewards for Entertainment category 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.

Domestic lounge access

Complimentary lounge access: Spend ₹20,000 or more in a quarter to enjoy 1 Domestic Lounge access in the next quarter.

Milestone benefits

Complimentary Swiggy vouchers on quarterly spend of ₹20,000.

Movie or entertainment ticket benefit

BOGO Offers (Buy One Get One) on INOX movie tickets, once a quarter.

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.

Forex markup

3.5% 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Cash advance fee 2.5% of amount withdrawn or ₹500, whichever is higher.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).