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Federal Bank Visa Signet Credit Card

by Kshitiz V Sharma on

The Bottom Line

Federal Bank Visa Signet Credit Card
Lifetime Free, Low Rewards

3 reward points / ₹100 on electronics & apparel, 2 points on entertainment and 1 point on all other spends.

Monthly Spend ₹5K ₹10K ₹20K ₹50K ₹100K
Net Reward Yield 0.3% 0.3% 0.3% 0.3% 0.3%
Est. Monthly Reward (₹) 10 25 60 150 305
All-India Rewards Rank* 134 191 260 323 330
Within Bank Rank* 2 4 4 4 5
* Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here.

The Federal Bank Visa Signet Credit Card gives 0.75% effective reward on shopping, 0.50% on entertainment and 0.25% on all other spending.

Overall, we estimate you can earn a net reward yield of 0.3% on all with this card in a month.

The net rewards yield on all credit cards from Federal Bank is quite low and we do not recommend any of those credit cards.

Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.

The Rewards

Card Federal Bank Visa Signet Credit Card
Card Type Reward
Reward Features 3 Reward Points / ₹100 on:
– Electronics
– Apparel

2 Reward Points / ₹100 on Entertainment

1 Reward Point / ₹100 on all other spends

Milestone Rewards Nil
Other Rewards – 1+1 on movie tickets at INOX / Qtr. (up to ₹100)

– 1 Complimentary Domestic Airport Lounge access / Qtr.

– 15% discount on dining through FedDelights program

Rewards Redemption Fee ₹99
Reward Caps Unlimited
Preferred Redemption Method Redeem for vouchers at Federal Rewardz

1RP = ₹0.25

Fees & Charges

Card Federal Bank Visa Signet Credit Card
Joining Fee Nil
Annual Fee Nil
Min. Annual Credit Card Spend
for Fee Waiver
Income Criteria Salaried N/A
Self-employed N/A
Supplementary Card Fee Free
Interest Rate 41.88%
Foreign Currency Markup 3.50%
Cash Advance Charge 2.50% transaction amount minimum of ₹500
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