The Federal Bank Visa Signet Credit Card offers a variety of benefits on entertainment, travel and shopping. You also earn reward points every time you swipe your credit card. The annual fee of the card is Rs.750.
Reward points benefits:
Travel and airport lounge benefits:
|Type of Charge||Fee|
|Add-on credit card||Rs.100 per add-on card|
|Cash advance fee||2.5% of the amount that has been withdrawn or Rs.500 (whichever is higher)|
|Cash advance limit||10%|
|Returned cheque||2% of the cheque amount, subject to minimum of Rs.450|
|Outstation cheque processing fee||
|TDS on cash withdrawals (more than Rs.1 crore)||2% applicable on aggregate cash withdrawals|
|Foreign currency mark-up fee||3.5%|
|Rewards redemption fee||Rs.99 per redemption request|
|Cash payment of fee at Federal Bank branches||Rs.100|
|Re-issue of credit card||Rs.200|
|Average monthly balance (last quarter)||Annual Percentage Rate (APR %)|
|Up to Rs.50,000||41.88% (3.49% per month)|
|Rs.50,000 to Rs.3 lakh||30.00% (2.49% per month)|
|Rs.3,00,001 to Rs.10 lakh||18.00% (1.49% per month)|
|Over Rs.10 lakh||5.88% (0.49% per month)|
The minimum repayment amount is 5% of the amount payable or a minimum of Rs.100.
No, you do not get any fuel surcharge waiver with this card.
TCS is applicable if the amount that has been remitted in a financial year is more than Rs.7 lakh. Please note that TCS is applicable only on remittances that come under Liberalised Remittances Scheme (LRS). The current TCS rate is 5%. However, if you do not have a PAN card or an Aadhaar card, the TCS is 10%.
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