Federal Bank ends Fi credit-card programme — 20 March 2026

Federal Bank discontinued its Fi credit-card programme on 20 March 2026. The programme included three co-branded credit cards with Fi Brand: AmpliFi, SimpliFi, and MagniFi, which earned Fi-Points on every spend. Reward accruals stopped on the same day, and the Fi Coins redemption option was also discontinued. The Most Important Terms and Conditions for the AmpliFi Fi-Federal card confirm the programme’s discontinuation and the stoppage of reward accruals. Fi’s own AmpliFi page also informed holders that their AmpliFi Federal Fi Credit Card would be discontinued from 20 March 2026. The Federal Bank co-branded index was updated later, on 23 August 2026, to reflect the closure. The discontinuation of the Fi credit-card programme affects cardholders who earned Fi-Points on their AmpliFi, SimpliFi, and MagniFi credit cards. They will no longer be able to accrue rewards or redeem Fi Coins. The house value of Fi-Points is ₹0.25/point. Our take: cardholders should burn their existing Fi-Points balance as soon as possible, as the redemption option is no longer available. They should also consider alternative options for earning rewards on their spends. Since the known facts do not support naming a specific alternative, cardholders should look for other cards that offer favourable reward structures. The discontinuation of the Fi programme is a significant change for Federal Bank credit card holders, and they should take immediate action to maximize their existing rewards.