2 EDGE Reward Points / ₹100
Strong data Pairwise comparison
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Axis Bank My Zone vs Federal Bank Signet Credit Cards – Fees, Lounge, Forex
Side-by-side comparison of the Axis Bank My Zone and the Federal Bank Signet. Verify fees, lounge access, forex markup, and base rewards before you apply.
The short answer
VerdictNo decisive winner on the core dimensions — the head-to-head below shows where the small differences are.
Head-to-head
Three core metrics- Annual fee Signet saves ₹500/yrMy Zone ₹500 Annual-fee waiver not offeredSignet ₹0
- Forex markup My Zone 3.5%Signet 3.5%
- Domestic lounge My Zone 4/year (1 per quarter) Conditional · Domestic: 1/quarter · requires ₹50,000 spend in the previous 3 calendar monthsSignet 4/year (1 per quarter) Conditional · Domestic: 1/quarter · requires ₹20,000 spend in the previous calendar quarter (unlocks the following quarter)
Reward earning explained
Per card0.5 pts / ₹100 · Up to 1.5 pts / ₹100 on Electronics Apparel
Strong dataPick based on what matters
3 dimensionsStart with the constraint you care about most: annual fee (Axis Bank My Zone: ₹500 vs Federal Bank Signet: ₹0), forex markup (3.5% vs 3.5%), or lounge access (4/year (1 per quarter) vs 4/year (1 per quarter)).
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Forex markup Tie Both cards are similar for forex
Forex markup is 3.5%.
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Lounge access Tie Both cards are similar for lounge access
Domestic lounge access is 1 per quarter.
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Rewards Tie Both cards are similar for rewards
Axis Bank My Zone conservative base value ~0.4% vs Federal Bank Signet's ~0.1%. Federal Bank Signet conservative base value ~0.1% vs Axis Bank My Zone's ~0.4%.
All fields
Example usage at this monthly spend
At ₹50k/month spend:
- My Zone: ~₹200/month at base rate
- Signet: ~₹30/month at base rate
Illustrative only, using current base rates before caps.
| Field | My Zone Axis Bank | Signet Federal Bank |
|---|---|---|
| Lounge Access | ||
| Domestic lounge visits spend-gated on some cards — see caveats | 4/year (1 per quarter) | 4/year (1 per quarter) |
| International lounge visits Only available for Signet | Not specified | 4 per year |
| Forex / International Use | ||
| Forex markup | 3.5% | 3.5% |
| Fees | ||
| Recurring annual fee ₹500 vs ₹0 | ₹500 | ₹0 |
| Annual-fee waiver Only available for My Zone | Not offered | Not specified |
| Interest-free period Up to 50 days vs Up to 48 days | Up to 50 days | Up to 48 days |
| Monthly interest rate | 3.75% / month | 3.75% / month |
| Late-payment charge Only available for Signet | Not specified | ₹250–₹1,250 depending on outstanding balance |
| Fuel benefit Only available for My Zone | 1% surcharge waiver · ₹400–₹4,000 transactions · ₹500/month waiver cap · Fuel rewards excluded | Not specified |
| Rewards | ||
| Points per ₹100 2 EDGE Reward Points / ₹100 vs 0.5 pts / ₹100 | 2 EDGE Reward Points / ₹100 | 0.5 pts / ₹100 |
| Conservative base value ~0.4% vs ~0.1% | ~0.4% | ~0.1% |
| Earn ceiling | Not stated | Not stated |
| Point value (headline channel) Issuer headline redemption rate — see each card page for the full channel grid. ₹0.2 vs ₹0.25 | ₹0.2 | ₹0.25 |
| Point validity Only available for Signet | Not specified | 3 years |
Notes
- Axis Bank My Zone Credit Card: Condition: ₹50,000 spend in the previous 3 calendar months
- Federal Bank Signet Credit Card: Condition: ₹20,000 spend in the previous calendar quarter (unlocks the following quarter)
- Card benefits change frequently. Always verify current terms on the issuer's official website or app before applying.
Axis Bank My Zone
Verify with issuer , opens external siteFederal Bank Signet
Verify with issuer , opens external site