Scapia (Federal Bank)
₹15,100 a year, after fees
₹0 fee · Lounges in India · No forex markup · Reward rate 2%–4%
Federal Bank credit cards: 6 you can apply for
The best one for most people is Scapia (Federal Bank).
₹15,100a year after fees, at ₹75,000 a month
It pays back the most of the 6 Federal Bank cards open to apply that we can value.
Points and where they go
Federal Bank's main points currency is Federal Bank Reward Points, worth ₹0.25 a point; it does not transfer to an airline or hotel. Its cards earn 4 kinds of points in all.
| Programme | Worth a point | Cards | Partners |
|---|---|---|---|
| Federal Bank Reward Points | ₹0.25 | 5 | none |
| Scapia Coins | ₹0.20 | 1 | none |
| Fi-Points | ₹0.25 | 1 | none |
| Jupiter Jewels | ₹0.20 | 1 | none |
1 more card pays cash back. Values are what we think a point is worth in India.
Every Federal Bank transfer partner 1 route
| Transfer to | Ratio | One point becomes | Time |
|---|---|---|---|
| Air India Maharaja ClubJupiter Jewels is itself a programme: a move between programmes | 6:1 | ₹0.17 | 3-5 working days |
Ratios read Jupiter Jewels : the partner's points. One point becomes = what it is worth once it lands, at our value for the partner.
Compare every route, including longer ones through other programmes
Recent changes
- Federal Bank and Paisabazaar launch Paisaback, a 7.5% grocery cashback card on RuPay Better for you · Launch · Federal Bank
- Federal Bank discontinues the Jupiter Edge and Fi co-brand programmes Worse for you · Devaluation · Federal Bank
- The Federal Fi credit-card programme ends and reward accrual stops Worse for you · Devaluation · Federal Bank
- Scapia doubles the lounge bar and kills its easiest earn Worse for you · Devaluation · Federal Bank / Scapia
- Federal puts a quarterly spend gate on lounge access across Signet, Imperio and Celesta Worse for you · Lounge change · Federal Bank
- Scapia launches: 0% forex and unlimited lounges, for free Better for you · Launch · Federal Bank / Scapia
All 12 Federal Bank cards
Fees run ₹0 to ₹2,000, and 7 of them are genuinely free for life. We cannot value 3 of them: Federal Bank publishes no earn table for those cards, so they are listed as "Not valued". Each card shows what it pays back a year after its fee at ₹75,000 a month, and our verdict: 12 keep, 0 downgrade, 0 cancel.
Open to apply 6
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Scapia (Federal Bank)
₹15,100 a year, after fees
₹0 fee · Lounges in India · No forex markup · Reward rate 2%–4%
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Federal Bank Paisabazaar Paisaback Credit Card
₹9,000 a year, after fees
₹500 fee · Reward rate 1%–7.5%
Ranked higher: its bonus category adds ₹3,000 a year
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Federal Bank Celesta
₹2,100 a year, after fees
₹0 fee · Lounges in India and abroad · 2% forex markup · Reward rate 0.3%–0.8%
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Not confirmed on sale 1 card
Business cards 1 card
Closed or paused 4 cards
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MagniFi (Federal Bank)
₹4,500 a year, after fees
₹0 fee · Reward rate 0.5%–5%
Ranked higher: its bonus category adds ₹4,900 a year
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Edge Federal Bank Visa Credit Card
₹3,600 a year, after fees
₹0 joining + ₹999/yr · 2% forex markup · Reward rate 0.4%–2%
Ranked higher: its bonus category adds ₹1,700 a year
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Federal Bank in RBI's figures
- Cards in force
- 27,36,575
- 2.2% of India's cards
- Spent in August 2026
- ₹2,873 crore
- 57% of it online
- Spend per card
- ₹10,497
- a month, on average
Source: the Reserve Bank of India's monthly card statistics, August 2026. Every bank's figures
Sources
The Federal Bank documents that state its fees and charges, and RBI's release. Each card's page lists its own sources too.
- Official Credit-cards MITC — Imperio 1 Point per ₹150 spend, point valued ₹0.25, 3.5% foreign-currency markup, ₹99 redemption fee read
- Official Credit-cards MITC (Federal Bank, archived 31-Jul-2026) — Signet 1 Point per ₹200, point valued ₹0.25, 3.5% foreign-currency markup, ₹750 joining/annual not charged from 3-Apr-2023 read
- Official Federal Bank's credit-card MITC — VALUEMAX ₹499 joining and annual, ₹1.5 lakh renewal waiver, 40/16/4 points per ₹200, ₹0.25 a point, 3.5% forex, no redemption fee read
- Official Key Fact Sheet PDF v11 (30-04-2026) — Nil fees, 0% forex, 3.75%/mo APR, late-fee slabs, cash advance 2.5% min ₹500, rent/wallet/fuel/utility 1% fees read
- Official Key Fact Statement — Joining Fee Nil, Annual Membership Fee ₹999 waived at ₹1.2 lakh, forex markup 2%, card issuance and closure Nil, replacement ₹249 read
- Official Most Important Terms and Conditions — ₹500 a year waived at ₹1.5 lakh, up to 48 days interest-free, 45% a year on revolving credit, 3.5% forex, and the ₹100 fuel surcharge waiver read
- Official Product page — LTF (w.e.f. 3-Apr-2023; the ₹3,000 AMC + ₹3L-waiver rows are still present but HTML-commented out of the Fees & Charges table) read
- Official Reserve Bank of India: ATM, Acceptance Infrastructure and Card Statistics for the Month of August 2026 read