Eligible spend
0.5 points per ₹100 on eligible spend
FEDERAL VISA
Signet
Should you get this?
Conditional fit
Why this card
- Up to 1.5 pts / ₹100 on Electronics Apparel
- You want a lifetime-free card.
- You spend on electronics Apparel.
Trade-off
Domestic: 1/quarter · requires ₹20,000 spend in the previous calendar quarter (unlocks the following quarter). International lounge cap is 4 visits per year.
Annual fee ₹0 no annual fee currently listed
Rewards 0.5 pts / ₹100 base
Lounge access 1 domestic (1 per quarter) + 4 intl (4 per year)
Forex markup 3.5% high
Compare with Axis Bank ACE →
Similar lounge profile
Rewards
Earning rules
Detail · from the summary aboveScopeRateEligibilityLimit
General spend0.5 pts / ₹100Credited as reward pointsDoes not earn on Not stated
- fuel
Electronics Apparel1.5 pts / ₹100Credited as reward pointsNot stated
Entertainment1 pt / ₹100Credited as reward pointsNot stated
Redemption value
What a Reward Point is worth
- Catalogue₹0.25 / pt
- Cash redemption value₹0.10 per Reward Point
Reward reality — the earning-rate detail behind the numbers above
Reward reality
Conclusion · what you actually getVerified value
₹0.25 per point
Catalogue
Ranking floor
₹0.1 per point
(conservative floor)
₹0.25 per point (best documented)
Best verified lane
Electronics Apparel
1.5 pts / ₹100
View bonus categories →No reward on
- Government payments
Realisation
Credited as reward points
Costs & fees
Eligibility
Applicant class · age · income- Minimum age
- 21 years or older
Spending requirements
Spend gates · caps · milestone thresholdsRequirementAmountPeriodUnlocks
Domestic lounge spend gate₹20,000quarterLounge eligibility
Watch outs
Before choosing this card- Forex markup is 3.5%, so frequent international spends may be costly.
Estimated usage
Example usage at this monthly spend
₹
- At this monthly spend, you'd earn: Based on the standard earn rate (0.5 pts / ₹100). Up to ~250 pts/month if the entire spend qualifies. Excluded transactions and category rules earn less. Partner bonuses aren't included.
- Worth ~₹30 at the conservative redemption floor
- Forex cost ~₹1,750 per ₹50k international spend
Illustrative only, using current base rates and snapshot data.
Benefits & charges
Side-by-side factsBenefits
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 (unlocks the following quarter)
Issuer documented · corroborating sources · verify issuer terms before applying
Where to verify
- PaisaBazaar
- BankBazaar
- Mymoneymantra Federal Signet
- Operator-verified anchor
- CardInsider
- 1 Finance
- International (cardholder)
- 4 per year
Issuer documented · corroborating sources · verify issuer terms before applying
Where to verify
- PaisaBazaar
- BankBazaar
- Mymoneymantra Federal Signet
- Operator-verified anchor
- CardInsider
- 1 Finance
Rewards
- Base earn
- 0.5 points per ₹100 value depends on redemption
- Effective return (honest floor)
- ~0.05% base at the cash-redemption floor; up to ~0.125% through documented catalogue/shopping redemption · verified 8 Jul 2026 Conservative redemption floor; best documented path is not ranked on.
- 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
Fees & charges
Fees
- Monthly interest rate
- 3.75% / month
- Annual fee
- ₹0
- Joining fee
- ₹0 · verified 8 Jul 2026
- Interest-free period
- Up to 48 days · verified 8 Jul 2026
- Late-payment charge
- ₹250–₹1,250 depending on outstanding balance Exact charge depends on your outstanding balance per issuer tiers.
International Use
- Forex markup
- 3.5%
Issuer documented · corroborating sources · verify issuer terms before applying
Where to verify
- CardInsider
- BankBazaar
- Operator-verified anchor
- Issuer site (verify current terms) , opens external site
Travel & perks
Fuel Benefits
At the pumpNo verified fuel benefit available.
Fine print & compare
Compare with similar cards
Similar tier · similar benefitsThe fine print
Caps · exclusions · earning · redemption · last refreshExclusions
These spends do not earn reward points.
Payments
- Government payments
Latest update
- Annual fee: ₹0.
- Forex markup currently listed at 3.5%.
- 1 per quarter domestic lounge · 4 per year international.
Common questions
From verified card factsIs this good for lounge access?
1 per quarter domestic + 4 per year international. 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, annual, or renewal fee currently listed by the issuer. GST still applies where applicable. Fee tables can change — verify before applying.
When do welcome benefits arrive?
A welcome benefit is listed. Included items: ₹200 gift voucher — welcome. Timing may depend on joining fee payment, card activation, first eligible transaction, or issuer processing.
Learn more
Guides matched to this card — not a random syllabus.
- How reward rate works
Pts / ₹100 without the marketing fog - Forex markup bands
0% vs 3.5% — which cards publish what - Cashback vs points
When simple cash beats flashy miles