Federal Bank Signet Credit Card
Best for entry lifetime-free card; RuPay variant for UPI. 3 points per Rs 200 on electronics/apparel; 2 per Rs 200 on entertainment; 1 per Rs 200 on others; 1 point = Rs 0.25; Rs 99 redemption fee
Terms as of 2026-09-28 · Checked 30 September 2026Federal Bank Signet Credit Card at a glance
Who it suits: Entry lifetime-free card; RuPay variant for UPI
Rewards & cashback
| Details | |
|---|---|
| How you earn | 3 points per Rs 200 on electronics/apparel; 2 per Rs 200 on entertainment; 1 per Rs 200 on others; 1 point = Rs 0.25; Rs 99 redemption fee |
| Welcome benefit | Rs 200 Amazon Pay voucher on Rs 3,000 spend in 30 days |
Yearly reward value at base rate
| Spend | Rewards (base rate) | Net of annual fee + GST |
|---|---|---|
| ₹1,20,000 / year | ₹150 | ₹150 |
| ₹3,00,000 / year | ₹375 | ₹375 |
| ₹6,00,000 / year | ₹750 | ₹750 |
| ₹12,00,000 / year | ₹1,500 | ₹1,500 |
Base rate only; accelerated categories raise the value, caps and excluded categories (rent, fuel, wallet, utilities etc. on many cards) lower it.
Travel, lounge & fuel benefits
| Benefit | Details |
|---|---|
| Airport lounge | 1 domestic lounge visit/quarter with Rs 20,000 quarterly spend |
| Fuel surcharge | No fuel surcharge waiver |
| Forex markup | 3.50% + 18% GST on the markup |
Fees & charges
| Charge | Amount |
|---|---|
| Joining fee | Free + GST |
| Annual / renewal fee | Free + GST |
| Fee waiver | Lifetime free |
| Finance charge | Typically about 3.5%–3.75% per month on revolved balances (lower on some premium and secured cards) — see MITC |
| Cash withdrawal | Usually 2.5% (min ₹500) + interest from day one |
| Late payment | Slab-based, only if unpaid more than 3 days past due |
| GST | 18% on all fees and interest |
Is it worth it for you?
Eligibility & documents
| Criterion | Details |
|---|---|
| Income / criteria | Age 18+ (secured) / 21+ (unsecured); residents and NRIs |
| Age | 18+ secured / 21+ unsecured (Celesta page: 18-70) |
| Credit score | 750+ improves approval chances |
Similar cards
| Card | Issuer | Joining / annual fee | Reward rate | Best for |
|---|---|---|---|---|
| Scapia Federal Bank | Federal Bank | Free / Free | 2.00% base value | Travellers wanting zero forex and lifetime-free |
| Kiwi YES Bank RuPay Credit Card (Klick) | YES Bank | Free / Free | 1.50% base value | UPI spends on credit |
| Axis Bank ACE | Axis Bank | ₹499 / ₹499 | 1.50% base value | Flat cashback on all spends plus bill payments via GPay |
| Amazon Pay ICICI Bank | ICICI Bank | Free / Free | 1.00% base value | Amazon Prime shoppers wanting a free, no-cap cashback card |
| Standard Chartered Smart | Standard Chartered | — / ₹499 | 1.00% base value | Online shoppers wanting simple cashback; 0.99%/month 3-month EMI |
| HDFC Bank Millennia | HDFC Bank | ₹1,000 / ₹1,000 | 1.00% base value | Online shoppers who use the partner brands |
Frequently asked questions
What is the annual fee of the Federal Bank Signet Credit Card?
Joining fee Free and annual fee Free (plus 18% GST). Lifetime free.
What rewards does it offer?
3 points per Rs 200 on electronics/apparel; 2 per Rs 200 on entertainment; 1 per Rs 200 on others; 1 point = Rs 0.25; Rs 99 redemption fee
Does it give airport lounge access?
1 domestic lounge visit/quarter with Rs 20,000 quarterly spend
What is the forex markup?
3.50% on international transactions, plus 18% GST on the markup. On ₹1 lakh spent abroad that is about ₹4,130.
Who is eligible?
Age 18+ (secured) / 21+ (unsecured); residents and NRIs. A CIBIL score of 750+ improves approval chances.
Is the Federal Bank Signet Credit Card good for me?
Best for: Entry lifetime-free card; RuPay variant for UPI. Compare the net value after fees with how and where you actually spend — the calculator on this page helps.
Source: www.bankbazaar.com, 2026-09-28. Card benefits change frequently — confirm the latest Most Important Terms & Conditions (MITC) on Federal Bank’s website before applying. FinancePortal is not affiliated with the issuer.