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Credit Cards · India

Federal Bank RuPay Signet Credit Card

Updated 3 Jul 2026Source-linked

The Federal Bank RuPay Signet Credit Card is a mid credit card from Federal Bank, with a joining fee of ₹999 + GST.

It earns up to 9 pts per ₹150 (≈1.2% value) on electronics apparel spends in the form of reward points (points).

Cardholders get 1 quarterly domestic airport lounge access, plus amazon pay e-voucher worth ₹200 as a welcome benefit.

Federal Bank logo
Federal Bank RuPay Signet Credit Card
RuPay logo
  • Joining Fee₹999
  • Annual Fee₹999
  • Best Suited ForEveryday spends
  • Reward TypeReward Points (points)
Rewards Rate
  • 9 pts per ₹150 on electronics apparel
  • Base 0.40% on other spends
Welcome Benefits
  • Amazon Pay e-Voucher worth ₹200
Data verified 3 Jul 2026 — see our methodology
Federal Bank logoFederalRuPay logoplatinummid
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Rewards and Benefits

Rewards Rate
9 pts per ₹150 on electronics apparel
Base 0.40% on other spends.
Reward Redemption
FedRewards: Redeem at ₹0.25 per unit.
Welcome Benefits
Amazon Pay e-Voucher worth ₹200
Milestone Rewards
N/A
Domestic Lounge Access
1 visit each quarterly.
International Lounge Access
N/A
Travel
N/A
Movie & Dining
N/A
Golf
N/A
Insurance Benefits
N/A
Other Benefits
N/A

See the math — accelerations & caps

What you'd realistically keep — caps applied, channel premiums cut when you don't route through them, realized redemption value.

  • Online shopping₹180/mo

    You spend ₹15,000 · earns 1.2% = ₹180 uncapped

    • Valued at realized redemption value

Base-rate spend

Non-accelerated spend, summarized at this card's base rate.

  • Groceries₹8,000 · 0.4% = ₹32/mo
  • Dining & food delivery₹8,000 · 0.4% = ₹32/mo
  • Fuel₹4,000 · 0.0% = ₹0/mo
  • Travel & hotels₹10,000 · 0.4% = ₹40/mo
  • Utilities & bills₹5,000 · 0.4% = ₹20/mo
Est.net rewards for this spend, realistic
₹3,648/yr

₹3,648 rewards − ₹0 annual fee. Estimate for the spend you entered.

Fees & Charges

Spend-Based Waiver
₹2,00,000 in the preceding year
Rewards Redemption Fee
N/A
Foreign Currency Markup
1.50%
Interest Rates
3.49% per month (41.9% annualised)
Fuel Surcharge Waiver
1.0% waiver on transactions between ₹400 and ₹4,000.
Cash Advance Charges
2.5% or ₹300 (whichever is higher)

Product Details

  • mid card issued by Federal Bank.
  • Joining / annual fee of ₹999 + GST, waived on annual spends of ₹2,00,000.
  • Available on the RuPay network.
  • Complimentary airport lounge access: domestic (1/quarterly).

Pros & Cons

Pros
  • Annual fee waivable on ₹2,00,000 spend.
  • Low forex markup of 1.50% — suited to international spends.
  • Complimentary domestic airport lounge access (1/quarterly).
Cons
  • No rewards on fuel spends.
Pros & cons are heuristically derived from the card's fees, rewards and benefits. Not editorial opinion.

₹200 welcome benefit

  • Amazon Pay e-Voucher worth ₹200
    Spend ₹3,000 within first 30 days
    Window: 30 days from issuance.

Accelerated rewards

  • 9 pts per ₹150 on electronics apparel
    3x rewards on Electronics & Apparel; 2x on select categories; 1x on other (base 3 RP/₹150).

Exclusions

The following spend categories earn no rewards on this card:

  • fuel
  • wallet loads
  • rent
  • insurance premiums
  • emi

Airport lounge access

Domestic
1 visit(s) / quarterly. Via rupay.
1 domestic lounge visit next quarter on ₹20,000 quarterly spend.

Fuel surcharge waiver

1.0% waiver on fuel transactions between ₹400 and ₹4,000.

Sources

Last verified 3 Jul 2026. Verify with the issuer before applying.

Eligibility

Age
21–65
Credit score
730+
Income (salaried)
₹6,00,000 p.a.
Income (self-employed)
₹6,00,000 p.a.
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