Federal Bank RuPay Signet Credit Card

The Signet Credit Card, issued by the Federal Bank on both Visa and RuPay networks, offers nearly identical features in both variants. The RuPay Signet Credit Card from the Federal Bank is a credit card with a lifetime free membership and includes a Rs. 200 Amazon e-gift voucher upon meeting the required spending within a month. Additionally, it provides up to 3 Reward Points for every Rs. 100 spent. Beyond accruing Reward Points, the Federal Bank RuPay Signet Credit Card offers various privileges across diverse categories.

Upon reaching the specified spending threshold, cardholders can receive Swiggy vouchers each quarter. Furthermore, there are quarterly benefits such as a buy-one-get-one-free offer on movie tickets and attractive discounts on dining at numerous participating restaurants nationwide. In terms of travel perks, the card provides complimentary access to airport lounges at both domestic and international terminals.

Key Highlights of Federal Bank RuPay Signet Credit Card

Unlock unparalleled benefits with the Federal Bank RuPay Signet Credit Card.

  1. Welcome gift: Receive an Amazon e-voucher worth Rs. 200 upon joining.
  2. Reward Points: Earn up to 3 Reward Points for every Rs. 100 spent.
  3. Movie Benefits: Enjoy a Buy 1 Get 1 Free offer on movie tickets.
  4. Lounge Access: Access complimentary domestic and international lounges.
  5. Swiggy Vouchers: Receive complimentary Swiggy vouchers upon reaching spend milestones.
  6. Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on all fuel transactions.
  7. Dining Discounts: Avail exciting discount offers on dining.
  8. Annual Fee Waiver: Get a spend-based waiver on the annual fee.

Features and Benefits of Federal Bank RuPay Signet Credit Card

The Federal Bank RuPay Signet Credit Card offers several features and benefits:

1. Welcome Benefits:

  • Receive an Amazon e-voucher worth Rs. 200 when you spend Rs. 3,000 or more within the initial 30 days of card issuance.

2. Reward Points:

  • Earn 3 Reward Points for every Rs. 100 spent on electronics & apparel categories.
  • Earn 2 Reward Points for every Rs. 100 spent on entertainment categories.
  • Earn 1 Reward Point for every Rs. 100 spent elsewhere.

3. Reward Points Redemption:

  • Redeem the Reward Points earned with the Federal Bank RuPay Signet Credit Card at the Federal Rewards portal.
  • 1 Reward Point is equivalent to Re. 0.25.
  • Reward Points expire if not redeemed within 1 year from the accrual date.

4. Milestone Benefits:

  • Obtain complimentary Swiggy vouchers by spending Rs. 20,000 or more in a quarter using the Federal Bank RuPay Signet Credit Card.

5. Movie & Dining Benefits:

  • Enjoy an exclusive Buy 1 Get 1 Free offer on movie tickets quarterly at Inox.
  • Receive up to a 15% discount on dining across various restaurants under the FedDelights program.

6. Airport Lounge Access:

  • Access 2 complimentary domestic lounges every quarter (8 annually).
  • Access 4 complimentary international lounges every year.

7. Fuel Surcharge Waiver:

  • Avail a 1% fuel surcharge waiver for fuel transactions between Rs. 400 and Rs. 5,000.
  • The maximum benefit from the fuel surcharge waiver is capped at Rs. 150 per month.

Federal Bank RuPay Signet Credit Card Fees and Charges

Explore the fee structure for the Federal Bank RuPay Signet Credit Card and discover the financial advantages that come with it.

1. Annual/Renewal Fee:

  • Amount: Rs. 750
  • Waived off on spending Rs. 75,000 in a year

2. Finance Charges:

  • Starting from 0.49% per month (5.88% per annum)

3. Late Payment Charges (based on Statement Balance):

  • Less than Rs. 100: Nil
  • Rs. 100 to Rs. 500: Rs. 100
  • Rs. 501 to Rs. 5,000: Rs. 500
  • Rs. 5,001 to Rs. 10,000: Rs. 600
  • Rs. 10,001 to Rs. 25,000: Rs. 750
  • Rs. 25,001 to Rs. 50,000: Rs. 950
  • Above Rs. 50,000: Rs. 1,000

Eligibility Criteria for Federal Bank RuPay Signet Credit Card

Here are essential criteria for applying for an Federal Bank RuPay Signet Credit Card:

1. Age Requirements:

  • To apply for a Secured Federal Credit Card, the minimum age is 18 years.
  • For an Unsecured Federal Credit Card, the minimum age requirement is 21 years.

2. Credit History Importance:

  • Having a positive credit history significantly increases your chances of easily obtaining a Credit Card.

3. Nationality Criteria:

  • To apply for a Credit Card in India, you must be either an Indian resident or a Non-resident Indian (NRI).

Documents Required for Federal Bank RuPay Signet Credit Card

To apply for the Federal Bank RuPay Signet Credit Card, you will typically need to provide the following documents:

1. Proof of Identity:

  • PAN Card
  • Aadhaar card
  • Driver’s License
  • Passport
  • Voter’s ID
  • Overseas Citizen of India Card
  • Person of Indian Origin Card
  • Job card issued by NREGA
  • Letters issued by the UIDAI

2. Proof of Address:

  • Aadhaar card
  • Driver’s License
  • Passport
  • Utility Bill (not more than 3 months old)
  • Ration Card
  • Property Registration Document
  • Person of Indian Origin Card
  • Job card issued by NREGA
  • Bank Account Statement

3. Proof of Income:

  • Latest one or two salary slips (not more than 3 months old)
  • Latest Form 16
  • Last 3 months’ bank statement

How to apply for Federal Bank RuPay Signet Credit Card

Follow these steps to apply for the Federal Bank RuPay Signet Credit Card online or offline:

Online Application for Rupay Signet Credit Card:

  1. Visit the official Federal Bank website by clicking on the link: https://www.federalbank.co.in/rupay-signet-credit-card.
  2. Once on the page, locate and click on the ‘Apply Now’ button, which will redirect you to a dedicated application page.
  3. Provide your mobile number in the designated field and ensure you agree to the bank’s terms and conditions by ticking the relevant box.
  4. Initiate the application process by clicking on ‘Request OTP’. A One-Time Password (OTP) will be sent to your registered mobile number.
  5. Enter the received OTP and follow the subsequent instructions to successfully complete your Rupay Signet Credit Card application.

Offline Application for Rupay Signet Credit Card:

  1. Visit the nearest branch of the Federal Bank.
  2. Bring along all necessary documents required for the Rupay Signet Credit Card application.
  3. Upon reaching the branch, a bank representative will assist you throughout the application process, ensuring a smooth and efficient submission.

Frequently Asked Questions (FAQs)

1. What is the Federal Bank RuPay Signet Credit Card?
The Federal Bank RuPay Signet Credit Card is a co-branded credit card offered by Federal Bank in association with RuPay. It combines the benefits and features of Federal Bank’s credit cards with the wide acceptance and privileges offered by RuPay.

2. How can I apply for the Federal Bank RuPay Signet Credit Card?
You can apply for the Federal Bank RuPay Signet Credit Card through the official website of Federal Bank or by visiting a Federal Bank branch. The application process typically involves submitting necessary documents and meeting eligibility criteria.

3. What are the eligibility criteria for the Federal Bank RuPay Signet Credit Card?
Eligibility criteria may vary, but generally, you need to be a resident of India and meet the bank’s income and age requirements. Specific details can be obtained from the official Federal Bank website or by contacting their customer service.

4. What are the key features of the Federal Bank RuPay Signet Credit Card?
The key features include competitive interest rates, reward points on purchases, cashback benefits, travel and lifestyle privileges, and acceptance at a wide range of merchants globally due to the RuPay network.

5. How does the rewards program work on the Federal Bank RuPay Signet Credit Card?
The rewards program allows cardholders to earn points for every transaction made using the card. These points can be redeemed for various benefits such as merchandise, gift vouchers, or even cashback, depending on the terms of the rewards program.

6. Can I use the Federal Bank RuPay Signet Credit Card internationally?
Yes, the Federal Bank RuPay Signet Credit Card is accepted globally wherever RuPay cards are supported. Ensure that your card is enabled for international transactions, and you may also need to inform the bank of your travel plans.

7. How can I check my Federal Bank RuPay Signet Credit Card balance?
You can check your credit card balance through online banking, mobile banking apps, ATMs, or by contacting the bank’s customer service. Many banks also send monthly statements with detailed information on your transactions and balance.

8. What should I do if my Federal Bank RuPay Signet Credit Card is lost or stolen?
In case of loss or theft, immediately contact the Federal Bank customer service to report the incident. The bank will guide you through the process of blocking the card to prevent unauthorized transactions and may issue a replacement card.

9. Are there any annual fees associated with the Federal Bank RuPay Signet Credit Card?
The annual fees and other charges may vary. It is recommended to review the card’s terms and conditions or contact the bank directly to get accurate information on fees, interest rates, and other charges.

10. How do I redeem the reward points earned on my Federal Bank RuPay Signet Credit Card?
You can redeem your reward points through the bank’s rewards portal, online banking, or by contacting customer service. The redemption options typically include merchandise, gift vouchers, cashback, or even statement credit, depending on the program’s terms.