IndusInd Tiger vs Scapia (Federal Bank) (2026)
India's two best lifetime-free travel cards want different lives — Tiger banks Maharaja miles at high spend, Scapia banks lounge visits and border crossings.
Head to head
| Metric | IndusInd Tiger | Scapia (Federal Bank) |
|---|---|---|
| Our rank | #12 | #24 |
| Annual fee | ₹0 + GST | ₹0 + GST |
| Fee waiver | None | None |
| Forex markup | 1.5% + GST | Nil — 0% markup (official KFS) |
| APR | 3.5%/mo (42%/yr) initially — bank may reprice on credit history/behaviour | 3.75%/mo (45%/yr), from date of transaction; same rate on cash advances (no interest-free period on cash) |
| Effective reward rate | 0.8% | 2.0% |
| Currency | IndusInd Reward Points | Scapia Coins |
| House value | ₹0.80/pt | ₹0.20/pt |
| Welcome benefit | None — lifetime free, no joining bonus | None — lifetime free with no joining bonus; the 0% forex is the pitch |
| Lounge doors opened | 588 of 644 | 72 of 644 |
| Income — salaried | not published | not published |
| Income — self-employed | not published | not published |
Gold marks the better side of a row. House value is our ₹-per-point mark for each card's currency — the full valuation index →
Net annual value face-off
Everyday spend at each card's base rate plus a realistic ~20% at its best accelerator (less for narrow or capped boosters) — milestones, fee waivers and the redemption haircut all at our house ₹/point. That's why the biggest headline rate doesn't automatically win. Tune it to your own spend in the calculator.
Scapia (Federal Bank) wins under ₹0.5L/month; IndusInd Tiger takes over above it.
Transfer reach
Only IndusInd Tiger
- Singapore Airlines KrisFlyer
- Air India Maharaja Club
Full route maps on each card page, best ₹/point routes on the optimizer →
The call
For the ₹1L/month spender, IndusInd Tiger nets ₹51,040 against ₹26,400 — a ₹24,640 gap. At ₹5L/month, IndusInd Tiger nets ₹2,71,206 against ₹1,32,000 — a ₹1,39,206 gap. Lounge chasers: IndusInd Tiger opens 588 of 644 tracked doors to Scapia (Federal Bank)'s 72.
Our standing verdicts: IndusInd Tiger — Keep; Scapia (Federal Bank) — Keep. On our board, IndusInd Tiger sits at #12 to Scapia (Federal Bank)'s #24 — that's the overall call. Your spend pattern can overrule us: run your exact numbers →