Federal Bank Visa Signet Card - Shopping Rewards & Waivers

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Features of the Federal Bank Visa Signet Credit Card

Reward Points Structure:
3-2-1 Rewards Program
The Federal Bank Visa Signet Credit Card offers a unique 3-2-1 rewards structure, designed to maximize value for cardholders based on their spending categories. For every ₹200 spent, cardholders earn:
- 3x reward points on electronics and apparel purchases, making it ideal for those who frequently shop for gadgets, clothing, or accessories.
- 2x reward points on entertainment-related spending, such as movie tickets, streaming services, or amusement parks.
- 1x reward point on all other spending categories, including groceries, dining, travel, and utilities.
This tiered structure incentivizes spending in high-value categories while ensuring rewards are earned across all transactions. The reward points can be redeemed through the Federal Bank Rewards Portal for options like gift vouchers, travel bookings, merchandise, or statement credits. The value of one reward point is ₹0.25 when redeemed on the portal, but only ₹0.10 when redeemed as cash against the statement, encouraging cardholders to explore diverse redemption options.

- Reward Redemption Process: To redeem points, cardholders must log into the Federal Bank Rewards Portal, browse available options, and select their preferred reward. A nominal redemption fee of ₹99 per request applies, ensuring transparency in the process. The rewards program is designed to be flexible, allowing cardholders to choose rewards that align with their lifestyle, whether it’s a shopping voucher, a travel discount, or a cashback credit.
- No Expiry on Reward Points: A standout feature is that reward points do not expire as long as the card remains active, allowing cardholders to accumulate points over time for larger redemptions. This feature is particularly appealing for infrequent spenders who prefer to save points for significant rewards.
- Lifetime Free Card:
- No Joining or Annual Fees: The Federal Bank Visa Signet Credit Card is a lifetime free card, meaning there are no joining or annual membership fees. This feature makes it an attractive option for cost-conscious individuals who want to enjoy credit card benefits without recurring costs. The absence of annual fees ensures that cardholders can maximize the value of their rewards and benefits without worrying about offsetting a yearly charge.
- Cost-Effective Usage The lifetime free feature extends to both primary and add-on cards, ensuring that supplementary cardholders (such as family members) also incur no additional fees. This makes the card a budget-friendly option for households looking to share credit benefits.
- Airport Lounge Access:
- Complimentary Domestic Lounge Access: Cardholders are entitled to one complimentary domestic airport lounge visit per quarter, totaling four visits annually. This feature enhances the travel experience by providing access to premium lounges at major Indian airports, offering amenities like comfortable seating, complimentary food and beverages, Wi-Fi, and a tranquil environment away from crowded terminals.
- Eligibility for Lounge Access: To avail of this benefit, cardholders must present their Federal Bank Visa Signet Credit Card at participating lounges. The lounge access is subject to the terms and conditions of the Visa network and the specific lounge, ensuring a seamless experience for frequent travelers.
- Entertainment Benefits:
- BOGO Movie Ticket Offer: The card offers a Buy One, Get One (BOGO) free movie ticket offer on INOX cinemas, available once per quarter. The discount is capped at ₹100, meaning if the second ticket exceeds this amount, the cardholder must pay the difference. This feature is ideal for movie enthusiasts who enjoy regular cinema outings with friends or family.
- Entertainment Reward Points: As mentioned earlier, the 2x reward points on entertainment spending further enhance the value of this feature, making the card a go-to choice for those who prioritize leisure and entertainment.
- Fuel Surcharge Waiver:
- 1% Fuel Surcharge Waiver: The card provides a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000, with a maximum waiver of ₹100 per month. This feature is beneficial for cardholders who frequently refuel their vehicles, offering savings on fuel expenses across all fuel stations in India.
- Seamless Fuel Transactions: The waiver is automatically applied at the point of sale, ensuring convenience without the need for manual claims. This feature aligns with the card’s focus on everyday savings, catering to commuters and frequent travelers.
- Contactless Payment Technology:
- Tap-and-Pay Convenience: The Federal Bank Visa Signet Credit Card is equipped with contactless payment technology, allowing cardholders to make quick and secure transactions by simply tapping the card at enabled POS terminals. This feature is particularly useful for small, everyday purchases under ₹5,000, where no PIN is required, enhancing speed and convenience.
- Enhanced Security: Contactless payments are backed by Visa’s advanced security protocols, including encryption and tokenization, ensuring that transactions are safe from fraud or unauthorized use.
- Low Interest Rates and EMI Options:
- Dynamic Annual Percentage Rate (APR): The card offers a dynamic APR ranging from 0.69% per month (8.28% per annum) to 3.75% per month (45% per annum), depending on the cardholder’s banking relationship with Federal Bank. This flexibility allows customers with a strong relationship (e.g., savings account holders or fixed deposit holders) to benefit from lower interest rates.
- Easy EMI Conversion: Cardholders can convert large purchases into Equated Monthly Installments (EMIs) with tenures of 3 or 6 months. The interest rate for EMI conversions is as low as 0.83% per month (9.99% per annum), with zero processing fees and minimal documentation. The minimum EMI amount is ₹2,500, and the maximum is ₹7,50,000, based on the available credit limit.
- Secured Credit Card Option:
- Fixed Deposit-Backed Credit Limit: For individuals who may not qualify for an unsecured credit card, the Federal Bank Visa Signet Credit Card offers a secured variant backed by a fixed deposit (FD). Cardholders can avail up to 80% of the FD amount (capped at ₹10 lakh) as their credit limit, with a minimum FD amount of ₹25,000 and a tenure of at least 6 months.
- Accessibility for New-to-Credit Customers: This feature makes the card accessible to those with limited credit history, as the FD serves as collateral, reducing the bank’s risk and enabling easier approval.
- Cash Advance Facility:
- Cash Withdrawal Limit: The card allows cash withdrawals from ATMs, with a cash advance limit of 10% of the total credit limit. However, cash advances incur a fee of 2.5% of the transaction amount (minimum ₹500) and applicable interest charges, making this a feature to use sparingly.
- Emergency Cash Access: The cash advance facility provides a safety net for emergencies, ensuring cardholders have access to funds when needed, though it’s advisable to avoid frequent use due to the associated costs.
- Visa Network Benefits:
- Global Acceptance: As a Visa card, the Federal Bank Visa Signet Credit Card is accepted at millions of merchants and ATMs worldwide, making it a reliable choice for international travel and online purchases.
- Visa Deals and Offers: Cardholders gain access to a wide range of Visa offers and deals across categories like travel, dining, shopping, sports, entertainment, and lifestyle. These offers are regularly updated and can be accessed through the Visa website or Federal Bank’s promotions page.
- Add-On Cards:
- Supplementary Cards for Family: The card allows up to three add-on cards for immediate family members (spouse, parents, siblings, or children) aged 18 and above. The add-on cards share the primary cardholder’s credit limit, enabling family members to enjoy the same benefits without additional fees.
- Centralized Control: The primary cardholder retains control over the credit limit and can monitor transactions made by add-on cardholders, ensuring responsible usage.
- Digital Integration:
- FedMobile and FedNet Access: The card is seamlessly integrated with Federal Bank’s digital platforms, FedMobile (mobile banking app) and FedNet (internet banking). Cardholders can check their balance, view statements, pay bills, and redeem rewards directly through these platforms.
- UPI Integration: The card can be linked to a UPI ID for quick and secure digital payments, aligning with India’s growing preference for UPI-based transactions.

Benefits of the Federal Bank Signet Visa Credit Card

Welcome Benefits:
Amazon Pay e-Voucher
New cardholders receive an Amazon Pay e-Voucher worth ₹200 upon spending ₹3,000 within the first 30 days of card issuance. This welcome benefit provides an immediate incentive for using the card, allowing cardholders to shop on Amazon for electronics, apparel, books, or other products.

Instant Value for New Users
The low spending threshold of ₹3,000 ensures that even moderate spenders can unlock this benefit, making it accessible to a wide range of users. The voucher can be used for online purchases, adding instant value to the cardholder’s experience.

- Entertainment Perks: The Buy One, Get One free movie ticket offer on INOX cinemas, available once per quarter, is a standout benefit for entertainment enthusiasts.
- Enhanced Entertainment Value: Combined with the 2x reward points on entertainment spending, this offer maximizes savings for cardholders who frequently visit cinemas or engage in other entertainment activities, such as concerts.
- Travel Benefits: This benefit enhances the travel experience by offering access to premium lounges with amenities like free food, beverages, Wi-Fi, and comfortable seating.
- Dining Discounts: Cardholders can enjoy up to 15% discounts on dining at partner hotels and restaurants under the FedDelights program.
- 2x Reward Points on Dining: In addition to the dining discounts, the card offers 2x reward points on dining spends, further enhancing the value for food enthusiasts.
- Convenience at the Pump: The waiver is applied automatically at the point of sale, eliminating the need for manual claims. This feature aligns with the card’s focus on everyday convenience and cost savings.
- Financial Flexibility: The card’s dynamic APR, ranging from 0.69% per month (8.28% per annum) to 3.75% per month (45% per annum), offers flexibility based on the cardholder’s relationship with Federal Bank.
- EMI Conversion for Large Purchases: Large purchases can be converted into EMIs with tenures of 3 or 6 months at an interest rate of 0.83% per month (9.99% per annum).
- Secured Card Benefits:
- Accessibility for New-to-Credit Users: The secured variant of the card, backed by a fixed deposit, makes it accessible to individuals with limited or no credit history.
- Building Credit History: Using the secured card responsibly allows cardholders to build or improve their credit score, paving the way for future access to unsecured credit products.
- Global Acceptance and Security:
- Worldwide Usability: As a Visa card, the Federal Bank Visa Signet Credit Card is accepted at millions of merchants and ATMs worldwide, making it a reliable choice for international travel, online shopping.
- Advanced Security Features: The card is equipped with EMV chip technology and contactless payment capabilities, ensuring secure transactions. Visa’s global security protocols, including fraud detection and zero-liability.
- Add-On Card Benefits:
- Shared Benefits for Family: Up to three add-on cards can be issued for immediate family members (spouse, parents, siblings, or children) aged 18 and above.
- Controlled Spending: The primary cardholder can monitor and manage transactions made by add-on cardholders, ensuring responsible usage while extending the card’s benefits to loved ones.
- Lifestyle and Shopping Offers:
- Visa Deals and Offers: Cardholders gain access to a wide range of Visa offers across categories like shopping, travel, dining, entertainment, and lifestyle.
- Electronics and Apparel Rewards: The 3x reward points on electronics and apparel purchases make the card particularly appealing for those who frequently shop for gadgets, clothing, or accessories.
- Customer Support and Digital Access:
- 24/7 Customer Care: Federal Bank provides 24/7 customer support through toll-free numbers and an international contact number. Cardholders can reach out for assistance with queries, disputes, or card-related issues at any time.
- Digital Banking Integration: The card is seamlessly integrated with FedMobile and FedNet, allowing cardholders to manage their account, pay bills, check statements, and redeem rewards with ease.

How to Apply for the Federal Bank Visa Signet Credit Card

Choose Your Preferred Application Method:
- Apply online through the official Federal Bank website or FedMobile app.
- Visit the nearest Federal Bank branch for an in-person application.
Online Application Process:
- Visit the Federal Bank website and navigate to the Credit Cards section under "Personal Banking."
- Select the Visa Signet Credit Card and click on "Apply Now."
- Review card benefits and check eligibility criteria such as age, income, and credit score.
- Fill in the application form with personal, residential, employment, and financial details.
- Upload scanned copies of required documents (identity, address, and income proofs) in the correct format.
- New customers must complete Video KYC (vKYC) through a scheduled video call for identity verification.
- Submit the application and note the reference number for tracking.
Offline Application Process:
- Visit the nearest Federal Bank branch with necessary documents.
- Request and fill out the Visa Signet Credit Card application form accurately.
- Submit photocopies of identity, address, and income proofs.
- The bank may conduct an in-person verification or schedule vKYC for new applicants.
Track Your Application:
- Use the reference number to check the status on the Federal Bank website or FedMobile app.
- Contact customer care or visit your branch for updates.
- Receive SMS or email notifications about your application progress.
Receive Your Credit Card:
- After approval, a virtual card will be available immediately on the FedMobile app.
- The physical card will be delivered to your registered address within 7–10 working days.
Post-Approval Steps:
- Activate your card via FedMobile app, FedNet internet banking, or branch assistance.
- Set a secure 4-digit PIN for ATM and POS transactions.
Tips for a Smooth Application:
- Ensure all application details are accurate and documents are updated and legible.
- Maintain a credit score of 750+ to improve your chances of approval.
- Check for any existing Federal Bank card services to avoid duplicate applications.
Common Challenges and Solutions:
- Application Rejection: Contact customer care to understand reasons and reapply after addressing issues.
- Document Verification Issues: Use recent and clear documents; ensure proper formatting.

Eligibility Criteria for the Federal Bank Visa Signet Credit Card

Age Requirements:
- Unsecured Card: Applicants must be between 21 and 70 years old.
- Secured Card: Age range is 18 to 80 years, making it suitable for students, retirees, or those new to credit.
Nationality:
- Open to Indian Residents and Non-Resident Indians (NRIs).
- NRIs must submit valid passport, visa, and proof of Indian address for correspondence.
Income Requirements:
- No fixed public threshold; consistent income is mandatory.
- Salaried: Preferred income is ₹50,000+ per month from a stable employer.
- Self-Employed: Business owners or professionals should submit ITRs and financial statements reflecting strong revenue.
Credit Score and History:
- For unsecured cards, a credit score of 750+ is typically required.
- Secured card is available to applicants with low, limited, or no credit history.
- Timely payments on previous loans or credit cards improve approval chances.
Fixed Deposit for Secured Variant:
- Maintain an FD of at least ₹25,000 for a tenure of 6 months or more.
- Credit limit will be up to 80% of the FD amount, capped at ₹10 lakh.
Employment Type and Documentation:
- Salaried: Submit salary slips, Form 16, and employer details.
- Self-Employed: ITRs for 2–3 years, bank statements, and business registration documents are required.
Banking Relationship:
- Existing customers may receive pre-approved offers or faster processing.
- A strong relationship with Federal Bank can influence APR, credit limit, and approval timeline.
Debt-to-Income Ratio:
- Lower DTI ratios are preferred—indicates better repayment capacity.
- Paying off existing EMIs and limiting concurrent loan applications can improve approval odds.
Residency and Contactability:
- Must have a verifiable permanent address in India or Indian communication address for NRIs.
- Stable residence of at least 6 months may be preferred.
KYC and Documentation:
- Mandatory submission of Aadhaar, PAN, passport, utility bills, or driving license.
- Ensure documents are updated and consistent across application details.
Approval Tips:
- Maintain a CIBIL score of 750+, low credit utilization, and clear any recent payment defaults.
- Open an FD to qualify via the secured route if credit score is low or income is irregular.
- Apply only after checking for pre-approved offers in FedMobile or via relationship manager.

Documents Required for the Federal Bank Visa Signet Credit Card

Identity Proof
Acceptable Documents:
- Aadhaar Card: Must include a masked Aadhaar number (only the last four digits visible) for security.
- PAN Card: Mandatory for financial transactions and tax purposes.
- Passport: Valid for both residents and NRIs.
- Driver’s License: Must be current and issued by a recognized authority.
- Voter ID: Issued by the Election Commission of India.
- NREGA Job Card: Acceptable for applicants in rural areas.
- Person of Indian Origin (PIO) Card: For NRIs.
Submission Guidelines:
- For online applications, submit a clear, scanned copy or high-resolution photo in PDF or JPEG format.
- For offline applications, provide a photocopy and carry the original for verification.
- Ensure the document is valid and not expired, as expired documents will be rejected.
Acceptable Documents:
Aadhaar Card: Must match the address provided in the application form.
Passport: Should reflect the current address or include a supplementary address page.
Driver’s License: Must be valid and show the current address.
Voter ID: Should list the applicant’s current or permanent address.
Utility Bill: Electricity, water, or gas bill not older than 3 months.
Bank Account Statement: Must be from the last 3 months and issued by a recognized bank.
Property Registration Document: For applicants who own property.
Ration Card: Acceptable for address verification in certain cases.
Submission Tips:
- Ensure the address on the document matches the address entered in the application form.
- For online applications, upload digital copies in the specified format (PDF or JPEG, typically under 2 MB).
- For offline applications, submit photocopies and carry originals for verification at the branch.
Salaried Individuals:
- Latest Salary Slips: Not older than 3 months, reflecting the applicant’s current employer and salary details.
- Bank Statements: Last 3 months’ statements from the salary credit account, showing consistent salary deposits.
- Form 16: Most recent Form 16, issued by the employer, detailing tax deductions and income.
Self-Employed Individuals:
- Income Tax Returns (ITRs): ITRs for the last 1–2 years, showing consistent income.
- Bank Statements: Last 3–6 months’ statements from the business or personal account, reflecting regular income.
- Profit and Loss Statement: For business owners, certified by a chartered accountant.
- Business Registration Documents: GST certificate, shop license, or other proof of business operations, if applicable.
Secured Card Applicants:
- Income proof is generally not mandatory, as the credit limit is backed by a fixed deposit.
Fixed Deposit Documents (for Secured Cards):
- Fixed Deposit Receipt: Issued by Federal Bank, confirming an FD of at least ₹25,000 with a minimum tenure of 6 months.

Factors Affecting the Federal Bank Visa Signet Credit Card

Credit Score
- Importance of Credit Score: A credit score of 750 or above (300–900 scale) indicates strong creditworthiness, increasing approval chances and possibly a higher credit limit.
- Impact on Approval: Scores below 650 can lead to rejection; applicants with no credit history may opt for the secured card variant.
- Improving Credit Score: Pay bills on time, keep credit utilization below 30%, and avoid multiple credit applications simultaneously.
Income and Repayment Capacity
- Income Stability: Salaried applicants with ₹25,000–₹30,000 monthly income or self-employed with ₹3–5 lakh annual income preferred.
- Secured Card Option: Available for lower or unstable income, backed by fixed deposit; credit limit tied to FD amount.
- Proof of Income: Valid salary slips, ITRs, or bank statements required; inconsistencies may lead to rejection or lower limits.
Banking Relationship with Federal Bank
- Existing Customers: May get pre-approved offers, lower APR, and faster processing.
- New Customers: Stricter verification including vKYC; opening a savings account or FD before applying improves chances.
Employment Status
- Salaried: Stable employment (1–2 years) viewed favorably.
- Self-Employed: Must show business stability (2–3 years) and consistent income; additional documents may be requested.
- Secured Card: Employment status less critical due to FD collateral, suitable for students, retirees, or irregular income.
Credit Utilization and Debt Levels
- Credit Utilization Ratio: Below 30% preferred; above 50% may reduce approval chances or limit credit.
- Existing Debt: High debt-to-income ratio lowers approval odds; paying off debts before applying helps.
Application Accuracy
- Complete and Correct Information: Essential to avoid delays or rejection; double-check all form entries.
- Document Verification: Submit valid and clear identity, address, and income proofs.
Spending Habits and Card Usage
- Alignment with Card Features: Best for those who spend on electronics, apparel, entertainment, and dining.
- Responsible Usage: Timely payments and low credit utilization maintain benefits; late payments can lead to fees and lower credit score.
Fixed Deposit for Secured Cards
- FD Amount and Tenure: Minimum ₹25,000 FD for at least 6 months; credit limit up to 80% of FD capped at ₹10 lakh.
- FD Management: FD must be active and preferably maintained with Federal Bank; new applicants may need to open an FD.
External Factors
- Economic Conditions: Economic slowdowns or interest rate changes can tighten eligibility and credit limits.
- Regulatory Guidelines: RBI policies impact issuance, credit limits, and KYC norms including vKYC for online applications.
Tips for Optimizing Approval Chances
- Strengthen Credit Profile: Monitor and improve credit score, reduce debt, and limit credit inquiries.
- Build a Banking Relationship: Maintain a Federal Bank savings account or FD for better offers and lower interest rates.
- Align Spending with Card Benefits: Show spending in categories rewarded by the card to justify higher limits.
- Prepare for Verification: Have valid documents ready for vKYC or in-person verification.

Frequently Asked Questions (FAQs) – Federal Bank Signet Visa Credit Card

1. What is the Federal Bank Signet Visa Credit Card?

The Federal Bank Signet Visa Credit Card is a premium credit card offered by Federal Bank in collaboration with Visa. It is designed to provide users with a wide range of benefits including cashback, reward points, lifestyle privileges, and contactless payments.

2. Who is eligible to apply for the Signet Credit Card?

Indian residents aged 21 to 60 years with a stable income (either salaried or self-employed) and a good credit score are generally eligible. Federal Bank may have specific criteria based on income or credit history.

3. What are the key features of the Signet Visa Credit Card?

Key features include zero joining fee, contactless payment facility, cashback and rewards, complimentary airport lounge access (terms apply), and security features like two-factor authentication.

4. Is there an annual fee for the Signet Credit Card?

No, the Signet Visa Credit Card currently has zero annual or renewal fee, making it a lifetime free credit card – subject to Federal Bank’s prevailing policies.

5. How can I apply for the Signet Credit Card?

You can apply online via the Federal Bank website or mobile app. Alternatively, you may visit a nearby Federal Bank branch. The application process involves submitting basic documents like identity proof, income proof, and address proof.

6. Does the card offer cashback or rewards?

Yes, the Signet Card offers a reward points program. You earn points on every eligible transaction, which can later be redeemed for gifts, vouchers, or discounts.

7. Can I use the Signet Visa Credit Card for international transactions?

Yes, the Signet card supports international transactions. However, foreign currency conversion charges and GST may apply. It is advisable to enable international usage through net banking or mobile banking.

8. What is the credit limit for the Signet Credit Card?

The credit limit is determined based on your income, credit score, and Federal Bank’s internal credit assessment policies. The exact limit will be communicated at the time of card issuance.

9. Does the card offer any travel or lifestyle benefits?

Yes, depending on the specific variant of the Signet Card, you may enjoy benefits such as complimentary domestic airport lounge access, dining offers, and entertainment discounts via Visa offers.

10. Is the card contactless?

Yes, the Signet Credit Card comes with contactless technology. You can make secure payments by simply tapping your card at NFC-enabled POS terminals without entering a PIN for amounts up to ₹5,000.

11. How do I repay the credit card bill?

You can pay your credit card bill via net banking, auto-debit from your Federal Bank account, NEFT, mobile banking, or UPI platforms.

12. What should I do if my Signet Credit Card is lost or stolen?

You must immediately block the card through the FedMobile app or by calling Federal Bank’s 24/7 customer care number. A replacement card can be requested after blocking the lost card.

13. Can I convert large purchases into EMIs?

Yes, eligible high-value transactions can be converted into easy EMIs through the Federal Bank mobile app or net banking. Processing fees and interest rates may apply.

14. Is there a mobile app for managing the Signet Credit Card?

Yes, the FedMobile app allows you to track spending, pay bills, redeem rewards, set limits, and temporarily block/unblock your card.

15. How can I contact customer support for card-related queries?

You can reach Federal Bank customer support via their toll-free number, email, or by visiting a local branch. Card-related queries can also be addressed through live chat support or the mobile app.

List of Federal Bank Signet Visa Credit Card Branches in Tamil Nadu

Namakkal - Tiruchengode
Namakkal - Sendamangalam
Tamil Nadu - Namakkal
Krishnagiri - Hosur
Krishnagiri - Denkanikottai

Krishnagiri - Bargur
Tamil Nadu - Krishnagiri
Dindigul - Palani
Dindigul - Oddanchatram
Dindigul - Vedasandur

Tamil Nadu - Dindigul
Sivaganga - Karaikudi
Sivaganga - Devakottai
Sivaganga - Manamelkudi
Tamil Nadu - Sivaganga

Pudukkottai - Aranthangi
Pudukkottai - Alangudi
Pudukkottai - Aruppukottai
Tamil Nadu - Pudukkottai
Theni - Cumbum

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