Federal Bank
The Federal Bank Limited • RBI SCHEDULED COMMERCIAL BANK • MITC Verified
Partners with OneCard, Fi Money, Scapia, and Paisabazaar for fintech credit cards. July 31, 2026: Acquired Standard Chartered India's consumer credit card portfolio (~4.5 Lakh cards) with active ongoing customer migration. October 2025/2026: Implemented tiered rolling quarterly lounge gates (Celesta ₹60k, Imperio ₹40k, Signet ₹20k).
Key Reward: 3 FedPoints per ₹100 domestic; 4 FedPoints per ₹100 intl (1 FedPoint = ₹0.25). 2.0% forex markup. 4 domestic (gated at ₹60k/qtr) & 2 intl lounge visits/yr. BMS BOGO up to ₹250 (1x/mo).
Key Reward: 2 FedPoints per ₹100 domestic; 3 FedPoints per ₹100 travel/dining (1 FedPoint = ₹0.25). 2 domestic lounge visits/qtr (gated at ₹40k/qtr). BMS BOGO up to ₹150 (1x/mo).
Key Reward: 1 FedPoint per ₹100 base; 2 FedPoints per ₹100 electronics/entertainment (1 FedPoint = ₹0.25). 1 domestic lounge visit/qtr (gated at ₹20k/qtr). BMS BOGO up to ₹100 (1x/mo).
Key Reward: Flat 2 Reward Points per ₹100 spent (0.50% yield) on retail. RuPay UPI enabled on Wave RuPay. Zero lounge access.
Key Reward: Flat 2 Reward Points per ₹100 spent (0.50% yield) on retail. RuPay UPI enabled on Wave RuPay. Zero lounge access.
Key Reward: 5X points (1.0% value back) across top 2 monthly spending categories; 1 pt per ₹50 base (0.2% value, 1 pt = ₹0.10). 1.00% low forex markup. Metal card with min ₹50k FD lien (min ₹5k for plastic). ₹3,000 closure fee within 6 months. Zero lounge access.
Key Cashback: Flat 1% direct cashback statement credit across eligible retail transactions. 1% fuel surcharge waiver (max ₹100/mo). Zero lounge access.
Key Reward: 10 Jewels per ₹100 (2% cashback) on selected monthly switch category; 2 Jewels per ₹100 base (0.4% cashback). 5 Jewels = ₹1.00 (cash/gold). Capped at 15,000 Jewels/billing cycle. RuPay UPI enabled. 4 domestic lounge visits/yr (gated at ₹90k spend in preceding 3 months).
Key Reward: 20% Scapia Coins on Scapia app travel bookings (4% value back); 10% on general retail (2% value back, 5 Coins = ₹1). 0% zero forex markup. Unlimited domestic lounge visits (gated at ₹20,000 monthly retail spend). Zero coins on utility & insurance.
Key Reward: Commercial B2B OD/CC working capital card. 3X FedPoints on travel/healthcare/electronics; 2X on utilities/entertainment; 1X base (1 FP = ₹0.25). Sanctioned against OD/CC line up to ₹3 Lakhs/day. Zero lounge access.
Key Reward: Commercial B2B OD/CC working capital card. 3X FedPoints on travel/healthcare/electronics; 2X on utilities/entertainment; 1X base (1 FP = ₹0.25). Sanctioned against OD/CC line up to ₹3 Lakhs/day. Zero lounge access.
Key Advantage: Domestic + international lounge access with accelerated travel reward points
Key Advantage: High daily purchasing power of ₹3.5 Lakhs without high relationship balance requirements
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Key Advantage: Birthday bonus reward points, airport lounge access and accident cover
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