FEDERAL

Federal Bank Signet Credit Card

Good fit when rewards, fees, and forex fit your spend pattern — ₹0 annual fee.

Top reasons to choose this card

4 domestic lounge visits, spend-gated

What you'd do with it

Strong fit when you want everyday spend without annual fee drag.

Limited lounge access 1 per quarter domestic lounge

Suggested comparison Similar lounge profile Compare with Axis Bank ACE →

Choose another card to compare →

Annual fee ₹0 lifetime free

Forex markup 3.5% high

Lounge access 1 per quarter

Rewards / ₹100 1.5 pts up to · ₹100 on Electronics Apparel

The catch Domestic: 1/quarter · requires ₹20,000 spend in the previous calendar quarter. Domestic lounge cap is 4 visits per year.

Welcome benefit timing may vary
Welcome benefit listed
Annual fee known
Forex markup known
1 per quarter domestic lounge

At a glance

Snapshot · usage · fit

Fast facts

Annual fee: ₹0 among the lowest (20 cards)
Joining fee: ₹0
Forex markup: 3.5% the standard rate (matches 66 cards)
Lounge access: 1 per quarter domestic lounge
Reward rate: Up to 1.5 pts / ₹100 on Electronics Apparel

Fit data not yet captured for this card.

Still worth it?

Evidence-backed snapshot

Good fit if

Good if avoiding recurring annual fees matters.
Use this for electronics apparel spends, but verify caps and exclusions before relying on the headline rate.
1 per quarter domestic lounge

Verify before applying

Annual fee known
Forex markup known
1 per quarter domestic lounge
Airport lounge list may change
Welcome benefit listed
Welcome benefit timing may vary
Monthly interest known

Welcome benefit timing and claim process.
Lounge terms to verify: 1 per quarter domestic lounge. Verify spend criteria, guest rules, and airport list before relying on it.
Annual fee waiver terms and eligible spend exclusions.
Issuer fees, GST, finance charges, and late-payment terms.
Reward terms to verify: base earn is 0.5 points per ₹100, but caps, excluded categories, and redemption rules are not fully structured.

Next best move

Open the ranking that matches your constraint, or compare this card with the closest alternative.

Compare with Axis Bank ACE Similar lounge profile Forex ranking (verified) Compared on verified forex markup, then annual fee. Lounge access shortlist Discovery list of cards with cardholder lounge access. Lounge ranking (verified) Compared on verified lounge access, then annual fee. No annual fee cards Cards with zero published annual fee.

Is this good for lounge access?

1 per quarter domestic lounge. Check current spend criteria, guest rules, visit caps, and airport acceptance before relying on it.

Is this good for international spends?

Forex markup is 3.5%, so frequent international spends may be costly.

Is the annual fee easy to recover?

No joining or annual fee. GST still applies where applicable. Verify benefit eligibility before applying.

When do welcome benefits arrive?

A welcome benefit is listed. Included items: ₹200 gift voucher. Timing may depend on joining fee payment, card activation, first eligible transaction, or issuer processing.

Fees confidence: High Forex confidence: High Rewards confidence: High · issuer terms Lounge confidence: High Waiver confidence: Unknown

Card facts refreshed 11 July 2026.

Spending requirements

Spend gates · caps · milestone thresholds

Lounge access spend gate₹20,000quarterLounge eligibilitytrivialstrong

Watch outs

Before choosing this card

Forex markup is 3.5%, so frequent international spends may be costly.

Reward reality

Point value · limits · exclusions

Verified value₹0.25 per pointCatalogue

Best verified laneElectronics Apparel (domestic)1.5 pts / ₹100

Reward rules

Structured earn rates · eligibility · caps when they bind

Electronics Apparel (domestic)1.5 pts / ₹1003× rewards on electronics and apparel categories (issuer product page 3-2-1 s…—

Entertainment (domestic)1 pt / ₹1002× rewards on entertainment category spends.—

General spend0.5 pts / ₹1001 Federal Reward Point per ₹200 on eligible retail spends (MITC base table). …—

Estimated usage

Example usage at this monthly spend

₹

At this monthly spend, you'd earn: Estimated using base earn (0.5 pts / ₹100). ~250 pts/month. Partner/category bonuses not included.
Forex cost ~₹1,750 per ₹50k international spend

Illustrative only, using current base rates and snapshot data.

Benefits & charges

Side-by-side facts

Benefits

Lounge Access

Domestic (cardholder): 1 per quarter — via Federal Bank lounge programme · verified 8 Jul 2026 Condition: ₹20,000 spend in the previous calendar quarter

Single source · verify on issuer site

Where to verify

Operator-verified anchor
International (cardholder): Not included International details not available.

Single source · verify on issuer site

Where to verify

Operator-verified anchor
Federal fleet MITC: Federal fleet MITC

Rewards

Base earn: 0.5 pts / ₹100 value depends on redemption
Headline point value: ₹0.25 per Reward Point (Catalogue) · verified 8 Jul 2026 Operator-verified headline rate — full channel grid in Redemption value.
Point validity: Points expire 3 years after earning · verified 8 Jul 2026