Federal Signet RuPay: Best UPI Credit Card Rewards for 2025

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Card Fees

Life Time Free

Joining Fees

Life Time Free

Annual Fees

3.5%

Foreign Transaction Fee

5.88%

APR

₹500/-

Over-limit Fee

Eligibility Criteria

21-60

Minimum & Maximum Age Criteria

₹20,000/-

Minimum monthly income

750

Minimum Credit Score

Category

, ,

Minimum Credit Score Required

750

Annual Charges

Life Time Free

Features

  • 3X Points on Electronics & Apparel
  • 2X Points on Entertainment
  • 1X Point on All Other Spends

Welcome Offer

  • ₹200 Amazon Gift on ₹3K Spend
  • Spend ₹3K, Get ₹200 Amazon Reward
  • Start with ₹200 Amazon Bonus

The Federal Bank RuPay Signet Credit Card is a premium credit card designed to offer a comprehensive set of benefits that cater to a variety of spending needs, including shopping, dining, entertainment, and travel. As a part of the RuPay network, it brings a wide array of perks, including reward points, dining and entertainment offers, fuel surcharge waivers, and even airport lounge access.

Written By:

Aftab Memon

Last Updated:

April 24, 2025

Key Features

  1. Reward Points Program
    • One of the primary reasons to choose the Federal Bank RuPay Signet Credit Card is the reward points program. This card offers the following structure:
    • 3 Reward Points per ₹100 spent on electronics and apparel purchases, making it ideal for individuals who frequently shop for gadgets or clothing.
    • 2 Reward Points per ₹100 spent on entertainment purchases like movie tickets, music, and event bookings.
    • 1 Reward Point per ₹100 spent on other retail purchases, including dining, groceries, and online shopping.
    • These reward points can be redeemed for a variety of options through the Federal Rewards Portal, including cashback, gift vouchers, and products from various brands. With each reward point valued at ₹0.25, cardholders can quickly accumulate rewards and convert them into valuable perks.
  2. Welcome Benefits
    • New cardholders are welcomed with a special Amazon e-voucher worth ₹200 when they spend ₹3,000 or more within the first 30 days of receiving the card. This is a great way to start your journey with the card by immediately earning a reward, which can be used for online shopping.
  3.  Exclusive Dining and Movie Benefits
    • In addition to its reward points, the Federal Bank RuPay Signet Credit Card offers several lifestyle benefits:
    • Movie Tickets: The cardholders can enjoy the Buy 1 Get 1 Free offer on PVR Inox movie tickets once every quarter. This benefit is perfect for those who love to go to the movies with friends or family, helping them save on entertainment costs.
    • Dining Discounts: Cardholders can get up to 15% off at participating restaurants under the FedDelights program. This discount is available at a wide range of restaurants, making dining out more affordable for cardholders.
    • These two benefits alone make the card a good choice for movie enthusiasts and foodies who want to get extra value from their spending.
  4.  Airport Lounge Access
    • For frequent flyers, the Federal Bank RuPay Signet Credit Card offers 1 complimentary domestic airport lounge access per quarter, allowing users to enjoy a more comfortable and relaxing airport experience. With this benefit, cardholders can enjoy the facilities of major domestic lounges at select airports, which can include amenities like free Wi-Fi, snacks, beverages, and more.
  5. Fuel Surcharge Waiver
    • For individuals who use their card for fuel purchases, the Federal Bank RuPay Signet Credit Card offers a 1% fuel surcharge waiver on fuel transactions ranging from ₹400 to ₹5,000. This feature can provide savings of up to ₹150 per month, which is beneficial for those who frequently refuel their vehicles.
  6. Insurance Coverage
    • This card comes with a personal accident insurance cover of ₹2 lakh, providing financial security to cardholders in case of any unforeseen accidents. This is an added benefit that offers peace of mind to users, especially those who travel frequently.
  7. No Annual Fee
    • One of the most attractive features of the Federal Bank RuPay Signet Credit Card is its zero annual fee. Cardholders do not have to pay an annual membership fee to maintain the card, making it a cost-effective option, especially for those who want to avoid recurring charges on their credit card.

Fees And Charges

Fee Type Amount
Annual Fee ₹0 (Lifetime Free)
Foreign Currency Markup Fee 3.5% of the transaction amount
Cash Advance Fee 2.5% of the withdrawn amount (min ₹500)
Fuel Surcharge 1% on fuel transactions (₹400 to ₹5,000), maximum ₹150 per month
Late Payment Fee ₹100 to ₹1,000, depending on the outstanding amount
Overlimit Fee ₹500

As you can see, the card comes with no annual fee, making it a good choice for users who are looking to avoid upfront costs. However, the foreign currency markup fee of 3.5% can be a drawback for those who frequently make international purchases. The cash advance fee can also add up quickly, so it is advisable to avoid withdrawing cash on the card unless absolutely necessary.

Pro and Cons:

Pros :

  • Lifetime Free Membership:
    • One of the biggest advantages of this card is that it offers a lifetime free membership, meaning you won’t have to pay any annual fees for using the card. This makes it a very cost-effective option.
  • High Reward Points:
    • The 3 Reward Points per ₹100 spent on electronics and apparel is one of the highest reward rates in the market, making it ideal for shoppers in these categories.
  • Exclusive Movie and Dining Offers:
    • The Buy 1 Get 1 Free offer for movies and 15% off on dining at select restaurants adds significant value to the cardholder’s lifestyle.
  • Airport Lounge Access:
    • The complimentary airport lounge access is a premium feature that enhances the travel experience for frequent flyers.
  • Fuel Surcharge Waiver:
    • The 1% fuel surcharge waiver can help save on fuel expenses, especially for regular drivers.

Cons :

  • Foreign Currency Markup Fee:
    • The 3.5% foreign currency markup fee is relatively high compared to other credit cards, which may be a concern for individuals who travel abroad frequently.
  • Limited Lounge Access:
    • The card provides only 1 complimentary lounge access per quarter, which might not be enough for frequent travelers who expect more access to airport lounges.
  • Cash Advance Charges:
    • The 2.5% cash advance fee, with a minimum of ₹500, can quickly become costly, making cash withdrawals an expensive option.

 

How To Apply

Online Application:

  1. Visit the official Federal Bank website or download their mobile app.
  2. Select the RuPay Signet Credit Card from the list of available cards.
  3. Fill out the application form with your personal, income, and address details.
  4. Submit the form and wait for approval.

 

Offline Application:

  1. Visit a nearby Federal Bank branch.
  2. Request a credit card application form from the branch.
  3. Complete the form and submit it along with the required documents.

 

Required Documents for Application

  • Identity Proof: Government-issued identity documents such as Aadhar card, Passport, or Voter ID.
  • Address Proof: Recent utility bills, passport, or bank statements.
  • Income Proof: Latest salary slips, bank statements, or income tax returns.
  • Photographs: Passport-sized photos for the application.

Additional Information

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  1. What benefits does the Federal Bank RuPay Signet Credit Card offer?
    • The card offers multiple benefits including a lifetime free membership, reward points on various purchases, movie ticket offers (Buy 1 Get 1 free), dining discounts (up to 15%), complimentary airport lounge access, and fuel surcharge waivers.
  2. How can I earn reward points with the Federal Bank RuPay Signet Credit Card?
    • You earn 3 Reward Points per ₹100 on electronics and apparel purchases, 2 Reward Points per ₹100 on entertainment expenses, and 1 Reward Point per ₹100 on all other retail purchases.
  3.  Is there an annual fee for the Federal Bank RuPay Signet Credit Card?
    • No, the Federal Bank RuPay Signet Credit Card comes with zero annual fee, making it a cost-effective option.
  4. What is the fuel surcharge waiver offered on this credit card?
    • The card offers a 1% fuel surcharge waiver on fuel transactions ranging from ₹400 to ₹5,000, with a maximum waiver of ₹150 per month.
  5.  How many airport lounge accesses do I get with the Federal Bank RuPay Signet Credit Card?
    • The card provides 1 complimentary domestic airport lounge access per quarter, which totals to 4 visits annually.
  6. What is the foreign currency markup fee for the Federal Bank RuPay Signet Credit Card?
    • The foreign currency transaction fee is 3.5% of the transaction amount, which applies to international purchases.
  7. How do I redeem my reward points with this credit card?
    • You can redeem your accumulated reward points through the Federal Rewards Portal for options like cashback, gift vouchers, and merchandise.
  8. Are there any welcome benefits for new cardholders?
    • Yes, new cardholders can earn a ₹200 Amazon e-voucher when they spend ₹3,000 or more within the first 30 days of receiving the card.
  9. What is the cash advance fee on the Federal Bank RuPay Signet Credit Card?
    • The cash advance fee is 2.5% of the withdrawn amount, with a minimum fee of ₹500 for each withdrawal.
  10. How can I apply for the Federal Bank RuPay Signet Credit Card?
    • You can apply for the card online via the Federal Bank website or app, or you can visit a nearby Federal Bank branch to complete the application process offline.

About

At FinWitty, we dive deep into the features, benefits, and rewards of various credit cards to bring you honest reviews, comparisons, and recommendations. Whether you’re looking for the best cashback card, travel perks, or fuel savings, we ensure you have all the insights needed to pick the perfect card for your needs.

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