Federal Bank Visa Signet Credit Card

Introducing a tailored offering for young professionals, the Federal Bank has unveiled the Visa Signet Credit Card in collaboration with Visa, following the prohibition of Mastercard. Simultaneously launched are the Federal Bank Visa Celesta Credit Card and Federal Bank Visa Imperio Credit Card, each catering to distinct demographic segments. New Signet cardholders are greeted with a Rs. 200 Amazon gift voucher. Earn 3 Reward Points for every Rs. 100 spent and enjoy a monthly complimentary Inox movie ticket. The card extends exclusive perks, encompassing complimentary airport lounge access, up to a 15% dining discount, and more. Numerous benefits accompany the card, facilitating substantial savings for customers on their expenditures.

Key Highlights of Federal Bank Visa Signet Credit Card

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

  1. Earn 3X Reward Points when you use your Federal Bank Visa Signet Credit Card for purchases in the electronics and apparel categories.
  2. Enjoy 2X Reward Points for expenditures in entertainment categories and 1X Reward Points for all other expenses.
  3. Receive a welcome gift voucher valued at Rs. 200 upon card activation.
  4. Access a Buy 1 Get 1 Free offer on Inox movie tickets.
  5. Benefit from complimentary access to domestic lounges.
  6. Enjoy a 1% fuel surcharge waiver on your card transactions.
  7. Receive complimentary Swiggy vouchers every quarter based on your quarterly spending.

Features and Benefits of Federal Bank Visa Signet Credit Card

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

1. Welcome Benefit:

  • Receive a Rs.500 Amazon Pay e-voucher by making a minimum purchase of Rs.3,000 within the initial 30 days of your credit card issuance.

2. Milestone Benefits:

  • Spend above Rs.75,000 within a year to have the Rs.750 annual fee waived for the subsequent year.
  • Obtain Swiggy e-vouchers when your quarterly spending reaches Rs.20,000.

3. Reward Points Benefits:

  • Earn 3x reward points on electronics and apparel expenditures.
  • Gain 2x reward points for entertainment-related expenses.
  • Receive 1x rewards for spending in other categories.

4. Fuel Benefits:

  • Enjoy a 1% waiver on the fuel surcharge by using the Federal Bank Visa Signet Credit Card at any fuel station in India.

5. Entertainment Benefits:

  • Avail a complimentary movie ticket from INOX for every ticket purchased. This offer is applicable once per quarter.

6. Travel and Airport Lounge Benefits:

  • Access one free domestic lounge visit each quarter.

7. Dining Benefits:

  • Access the FedDelights program, providing up to a 15% discount at partner hotels when dining.

Federal Bank Visa Signet Credit Card Fees and Charges

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

1. Annual Fee:

  • Amount: Rs.750

2. Add-on Credit Card:

  • Fee: Rs.100 per add-on card

3. Cash Advance:

  • Fee: 2.5% of the withdrawn amount or Rs.500 (whichever is higher)

4. Cash Advance Limit:

  • Limit: 10% of the credit limit

5. Overlimit Charges:

  • Fee: 2.5% of the overlimit amount
  • Minimum Charge: Rs.500

6. Late Payment:

  • Up to Rs.100 – NIL
  • Rs.101 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
  • Over Rs.50,000 – Rs.1,000

7. Returned Cheque:

  • Fee: 2% of the cheque amount
  • Minimum Charge: Rs.450

Eligibility Criteria for Federal Bank Visa Signet Credit Card

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

  1. Age range for applicants: 21 to 65 years.
  2. Minimum and maximum age of the applicant: 21 years and 65 years, respectively.
  3. Minimum monthly income requirement: Not applicable (N/A).
  4. Income Tax Return (ITR) for non-salaried individuals: Not applicable (N/A).
  5. Credit Score: The specified range is 700 to 900.

Documents Required for Federal Bank Visa Signet Credit Card

To apply for the Federal Bank Visa 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 Visa Signet Credit Card

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

  1. Visit Federal Bank Website:
    Go to the official website of Federal Bank. Locate the “Credit Cards” section or use the search bar to find information about the Federal Bank Visa Signet Credit Card.
  2. Explore Credit Card Options:
    Look for the Federal Bank Visa Signet Credit Card among the available credit card options. Review the features, benefits, and terms associated with the card to ensure it meets your requirements.
  3. Check Eligibility:
    Review the eligibility criteria for the Visa Signet Credit Card. Ensure you meet the minimum age, income, and other requirements specified by the bank.
  4. Prepare Required Documents:
    Collect the necessary documents, which may include proof of identity, address, income details, and other documents as per the bank’s requirements.
  5. Online Application:
    If the option is available, fill out the online credit card application form. Provide accurate information, and double-check before submitting. Upload the required documents as per the instructions.
  6. Offline Application:
    If there is no online application option, visit the nearest Federal Bank branch. Obtain a credit card application form, fill it out, and submit it along with the required documents.
  7. Application Review:
    The bank will review your application, including your credit history and documents. This process may take some time.
  8. Approval or Rejection:
    You will receive communication from the bank regarding the status of your application. If approved, details about your new credit card, including the credit limit, will be provided.
  9. Credit Card Delivery:
    If your application is successful, the bank will dispatch the Federal Bank Visa Signet Credit Card to your registered address.
  10. Activate Your Card:
    Once you receive the card, follow the activation instructions provided by the bank. This may involve calling a customer service number or using online banking services.

Frequently Asked Questions (FAQs)

1. What is the Federal Bank Visa Signet Credit Card?

The Federal Bank Visa Signet Credit Card is a premium credit card offered by Federal Bank in association with Visa. It comes with various features and benefits tailored to enhance your financial experience.

2. How can I apply for the Federal Bank Visa Signet Credit Card?

You can apply for the Federal Bank Visa Signet Credit Card through the official Federal Bank website or by visiting a local Federal Bank branch. The application process typically involves filling out an online form and submitting the necessary documents.

3. What are the key features of the Federal Bank Visa Signet Credit Card?

The card offers features such as exclusive rewards, cashback on transactions, complimentary airport lounge access, and special discounts at partner merchants. Check the specific terms and conditions for the most up-to-date information on features.

4. What is the eligibility criteria for the Federal Bank Visa Signet Credit Card?

Eligibility criteria may vary, but generally, applicants need to meet certain income requirements, have a good credit score, and fulfill other conditions set by Federal Bank. Check the official website or contact the bank for specific eligibility details.

5. How can I check the status of my Federal Bank Visa Signet Credit Card application?

You can check the status of your credit card application online through the official website or by contacting the Federal Bank customer service. The bank usually provides updates on the application status.

6. What is the credit limit on the Federal Bank Visa Signet Credit Card?

The credit limit is determined based on various factors, including your credit history, income, and other financial considerations. Once your application is approved, the bank will inform you of your assigned credit limit.

7. How can I make payments on my Federal Bank Visa Signet Credit Card?

Payments can be made through various channels, including online banking, mobile banking, ATMs, and at Federal Bank branches. Additionally, you can set up automatic payments or use electronic fund transfer services.

8. Is there an annual fee for the Federal Bank Visa Signet Credit Card?

The annual fee and other charges associated with the credit card may vary. Refer to the terms and conditions provided by Federal Bank or contact customer service to get the most accurate and up-to-date information.

9. What should I do if my Federal Bank Visa Signet Credit Card is lost or stolen?

In case of loss or theft, immediately contact the Federal Bank customer service helpline to report the incident. The bank will guide you through the necessary steps, such as blocking the card and issuing a replacement.

10. How can I redeem rewards earned on my Federal Bank Visa Signet Credit Card?
The redemption process for rewards may vary. Typically, you can log in to your credit card account online or contact the customer service helpline to inquire about and redeem your accumulated rewards.