MagniFi Federal Credit Card

Benefits of the MagniFi Fi-Federal Credit Card

The following are the advantages of using MagniFi Fi-Federal Credit Card: 

1. Affordable: This card can be obtained without any charges since there is no joining fee, annual fee or minimum spending requirement. 

1. Rewards for all Spends: Eligible transactions, both online and in-person, will automatically receive rewards. All qualifying purchases will result in rewards. 

1. Maximized Weekend Value: Weekends are optimised for reward purposes, so you can spend leisure and lifestyle funds and earn maximum value. 

1. Discounts and Savings: Save money immediately with discounts from partner brands exclusively with the card. 

1. Reward Convertible Flexibility: Fi-Points can be converted to flights, bill payments, vouchers or cash alternatives. 

1. Rewards Continuously Earned: Rewards can be earned continuously with weekday purchases, providing ongoing value every day of the week. 

1. Versatile Spending: Rewards can be earned for a wide variety of spending that is associated with everyday purchases such as groceries, retail shopping, entertainment, and food delivery.

Features of the MagniFi Fi-Federal Credit Card

The major features of the MagniFi Fi-Federal Credit Card are listed below:  

1. Co-Branded Benefit: Issued by Federal Bank and Fi Brand Pvt. Ltd., combining familiar banking protection with an innovative digital reward process. 

1. Structured rewards: There are specific reward mechanics for partner brands and weekends, allowing you to earn maximum value on your spending. 

1. Automatic Reward Tracking: Reward tracking and contributions are automatic for each cycle and managed for monthly caps. 

1. Digital Management: All card management is available within the Fi app, including the ability to apply digitally, KYC verification, reward tracking, and seamless conversion to redemption. 

1. Every Spend Counts: The card automatically recognises eligible transactions for rewards without additional manual steps. 

1. Special Partner Offers: Tailored discounts and deals on selected partner brands enhance the overall rewards experience.

Documents needed to Apply for the MagniFi Fi-Federal Credit Card

Documents Required for Existing Fi Users:

1. Existing Fi users do not need to provide any additional documents or income proof. 

1. Your eligibility is automatically assessed using your credit score, making the process quick and hassle-free. 

1. The application is 100% digital, with no paperwork or uploads required at any stage. 

1. You can apply online using just your PAN and Aadhaar details, which are used for verification purposes. 

1. There is no need to submit physical documents, allowing you to complete the process from anywhere at your convenience. 

Documents Required for New Fi Users:

1. New users are required to complete a quick video KYC (vKYC) as part of the onboarding process. 

1. During the video KYC call, you may need to present your physical PAN card for verification, ensuring compliance with regulatory requirements. 

1. You will need your PAN and Aadhaar details to initiate the application. 

1. Aside from the brief video KYC, the process is fully digital, fast, and secure, allowing you to complete the application without any physical paperwork. 

1. This streamlined process ensures that even new users can obtain the MagniFi Fi‑Federal Credit Card quickly and conveniently.

Fees and Charges for the MagniFi Fi-Federal Credit Card  

The table below outlines the Charges and Fees associated with the MagniFi Fi‑Federal Credit Card: 

Note: GST applicable on all fees, interest, and charges at rates notified by the Government of India

How to Apply for the MagniFi Fi-Federal Credit Card

The application process consists of these steps: 

1. Step 1: Download or open the Fi Money App - If you don’t have it already, download the Fi Money app from the App Store or Google Play. If you already have the Fi Money app, open the app and login to your account. 

1. Step 2: Go to Credit Cards - In the app, find the section labeled ‘Credit Cards.’ Choose the MagniFi Fi-Federal Credit Card to start the application process. In this section, you will find an overview of card features, benefits, and eligibility details. 

1. Step 3: Check for Eligibility - The app will provide you with an option to check for eligibility for the card. The app may take your current status of your Fi account as well as standard credit card eligibility into account. 

1. Step 4: Submit Your Application - You will enter your information in the app as prompts appear. This will include basic identity information, contact information, and any other financial information that may be needed or relevant. Please review your information closely before submitting it. 

1. Step 5: Complete Your KYC - If you are a new user, you will need to complete a digital KYC, which may be Aadhaar or maybe a video KYC, etc. Existing users of Fi usually have minimal or no KYC requirements, since their identity has already been verified. 

1. Step 6: Application Approval - Your application will be reviewed, and approval will be communicated through the app. 

1. Step 7: Receive Your Card – The physical card is dispatched to your registered address. Some users may have access to a virtual card immediately for online purchases. 

1. Step 8: Activate and Start Using – Follow the app instructions to activate the card, then start using it. Rewards can be tracked and redeemed seamlessly via the Fi app. 

Fi‑Points for the MagniFi Fi‑Federal Credit Card

1. Earning Fi‑Points - You accumulate Fi‑Points automatically when you make qualifying purchases either online or in store. Most purchases made on weekends and those made with partner brands will earn you the most Fi‑Points, while most purchases made on weekdays will earn you a lower amount of Fi‑Points.  

1. Check Your Fi‑Points Balance - Open the Fi app and click on the ‘rewards’ tab. You will be shown your current Fi‑Points balance as well as a breakdown of Fi‑Points earned on different transactions.  

1. Redeem Fi‑Points - There are multiple ways to redeem your earned Fi‑Points, including:  Flights - Use your Fi‑Points to convert into dollars and book flight tickets, Pay Bills - Use your Fi‑Points to pay for utilities bills or mobile recharges in the Fi app, Gift Vouchers - Redeem your Fi‑Points with gift cards through partner brands.  

1. Converting to Cash - Some Fi‑Points may be applied as cash or credit to your account if available in the app.  

1. Track Redemptions - The app will also keep a record of all of your Fi‑Points earned and Fi‑Points redeemed keeping record of all your redemptions. 

How to Redeem Fi‑Points from the MagniFi Fi‑Federal Credit Card

You can redeem Fi‑Points from the MagniFi Fi‑Federal credit card by following these instructions: 

1. Step 1: Open the Fi App. Launch the Fi Money app on your smartphone and log in to your account. 

1. Step 2: Navigate to Rewards. In the app, go to the ‘Rewards’ or ‘Fi‑Points’ section to view your current points balance and redemption options. 

1. Step 3: Choose a Redemption Option. Select how you want to use your Fi‑Points. Options typically include flights, bill payments, gift vouchers, or cash conversion (depending on availability). 

1. Step 4: Select the Number of Points. Enter or select the number of Fi‑Points you wish to redeem for your chosen option. The app will show the equivalent monetary value for your selection. 

1. Step 5: Confirm Redemption. Review the details and confirm your redemption. The points will be deducted from your balance, and the corresponding benefit will be applied. 

1. Step 6: Complete the Transaction. For bill payments or vouchers, the value is applied immediately. For flights or other partners, follow the app prompts to complete the booking or purchase using your Fi‑Points. 

1. Step 7: Track Redemptions. After redemption, check your transaction history in the app to ensure that points were correctly deducted and applied. 

Best-in-Class Partner Deals 

The table below provides a detailed overview of partner offers available with the MagniFi Fi‑Federal Credit Card: 

Note: The partner deals listed in the table are current as of November 2025. All offers, discounts, and terms are subject to change at any time without prior notice. Customers are advised to check out the Fi Money app or partner websites for the latest updates and eligibility before availing any offer. 

How to Pay Your MagniFi Fi‑Federal Credit Card Bill

Follow the steps given below to pay your MagniFi Fi‑Federal Credit Card Bill: 

1. Step 1: Open the Fi App. Log in to your Fi account and navigate to the Credit Card Bill section. 

1. Step 2: Select Repayment Amount. Choose the amount you wish to pay. You can select the total due, minimum due, current outstanding, or enter a custom amount. 

1. Step 3: Payment. Tap on the ‘Proceed to Pay’ button to start the transaction. 

1. Step 4: Authenticate the Payment. Enter your secure PIN or UPI PIN to authorize the payment safely. 

1. Step 5: Alternative Payment Options. You can also pay your credit card bill via NEFT, IMPS, or other bill payment apps. 

Credit cards make payments easy for all expenses online and offline while offering various benefits

Find a Card >>