Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Federal Bank Visa Signet Credit Card

    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.

    Key Highlights of the Federal Bank Visa Signet Credit Card

    • Earn 3x reward points when you spend on electronics and apparel.
    • You get one complimentary lounge visit every quarter at domestic airports.

    Features and Benefits of the Federal Bank Visa Signet Credit Card

    Welcome benefit:

    • Get an Amazon Pay e-voucher of Rs.500 when you spend a minimum of Rs.3,000 within the first 30 days of your credit card being issued.

    Milestone benefits:

    • Spend over Rs.75,000 in one year, and the annual fee of Rs.750 will be waived off for the next year.
    • You get Swiggy e-vouchers when you spend Rs.20,000 in one quarter.

    Reward points benefits:

    • You get 3x reward points on electronics and apparel spends.
    • You get 2x reward points when you spend on entertainment.
    • Get 1x rewards for spends on other categories.

    Fuel benefits:

    • You get a 1% waiver of the fuel surcharge when you swipe the Federal Bank Visa Signet Credit Card at any fuel station in India.

    Entertainment benefits:

    • Buy one INOX movie ticket, and get another movie ticket for free.
    • This benefit is valid only once per quarter.

    Travel and airport lounge benefits:

    • You get one complimentary domestic lounge visit every quarter.

    Dining benefits:

    • You get access to the FedDelights programme, under which you get up to 15% discount when you dine at partner hotels.

    Fees and Charges of the Federal Bank Visa Signet Credit Card

    Type of Charge Fee
    Annual fee Rs.750
    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    Cash advance fee 2.5% of the amount that has been withdrawn or Rs.500 (whichever is higher)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%
    Overlimit charges
    • 2.5% of overlimit amount
    • This is subject to a minimum of Rs.500
    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
    Returned cheque 2% of the cheque amount, subject to minimum of Rs.450
    Outstation cheque processing fee
    • Cheque value up to Rs.5,000- Rs.25
    • Cheque value above Rs.5,000- Rs.50
    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

    Interest on Revolving Credit for Federal Bank Visa Signet Credit Card

    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)

    FAQs on Federal Bank Visa Signet Credit Card

    1. What is the minimum repayment amount for the Federal Bank Visa Signet Credit Card?

      The minimum repayment amount is 5% of the amount payable or a minimum of Rs.100.

    2. Is there a fuel surcharge waiver for the card?

      No, you do not get any fuel surcharge waiver with this card.

    3. What is the Tax Collection at Source (TCS) to be paid?

      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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