MyFinCards
Mastercard Imperio

Joining Fee

Free

Annual Fee

Rs. 0 (Reversed on annual spends of Rs. 2 Lakhs)

Forex Markup

3.5% + GST

INTERNATIONAL
Federal Bank
Rewards
Lifestyle
Shopping
Best For: Grocery shoppers, Utility bill payers, Movie goers, Federal Bank account holders

Mastercard Imperio

Rewards Structure

Base Reward Rate

1% on spends

Point Value

1 Point = ₹0.25

Earning Cap

₹5,000 /monthly

Points Validity

24 Months

Pros

  • Lifetime free - no joining or annual fee
  • 3x rewards on healthcare and grocery spends
  • 2x rewards on utility bill payments
  • Complimentary domestic lounge access on quarterly spend milestone
  • BOGO movie ticket offer at INOX once a quarter
  • BigBasket vouchers on quarterly spend milestone
  • 1% fuel surcharge waiver
  • Welcome Amazon Pay e-Voucher worth Rs.400
  • Dynamic APR starting from 1.99% p.m. linked to banking relationship

Cons

  • Lounge access requires minimum quarterly spend of INR 40,000
  • BigBasket vouchers require quarterly spend of Rs.50,000
  • APR can go up to 3.75% p.m. depending on banking relationship

Hidden Catches (Transparency Policy)

To build trust with our users, we highlight the fine print that issuers often tuck away in policy documents.

Lounge access in next quarter only if INR 40,000 spent in current quarter

APR is dynamic and depends on AMB in operative account (1.99% to 3.75% p.m.)

Key Benefits & Features

Detailed benefits inside

Eligibility Criteria

Min. Annual Income

₹3.0 Lakhs

Age Requirement

21+ Years

Occupation

SALARIED

Required Documents

IDENTITY Proof

PAN Card
Aadhaar Card
Official Terms & Conditions

About Mastercard Imperio

The Federal Bank Mastercard Imperio Credit Card is a lifetime-free card with no joining or annual membership fee, designed to reward everyday spending across essential categories. Built around a distinctive 3-2-1 rewards structure, cardholders earn 3x rewards on healthcare and grocery purchases, 2x rewards on utility payments such as electricity, gas, and mobile bills, and 1x rewards on all other spends. This tiered approach makes it particularly well-suited for families managing regular household expenses. New cardholders are welcomed with an Amazon Pay e-Voucher worth ₹400 upon spending ₹5,000 within the first 30 days. Ongoing lifestyle perks include complimentary domestic airport lounge access for those who spend ₹40,000 or more in a quarter, a quarterly BOGO movie ticket offer at INOX cinemas worth up to ₹100, and complimentary BigBasket vouchers on quarterly spends of ₹50,000. Cardholders also benefit from a 1% fuel surcharge waiver at fuel stations across India and access to attractive cashback offers through the Federal Bank Mastercard Shop Perks program. The card features a competitive dynamic Annual Percentage Rate starting from 1.99% per month, linked to the cardholder's banking relationship with Federal Bank. This makes the Imperio an appealing all-round card for Federal Bank account holders seeking meaningful rewards on daily spending alongside valuable lifestyle privileges.

Expert Review

Our Verdict

Lifetime free Mastercard with 3-2-1 rewards, lounge access, movie & grocery perks for everyday spends.

Frequently Asked QuestionsAbout Mastercard Imperio

FEESIs there any joining fee or annual fee for the Mastercard Imperio credit card?
No, the Federal Bank Mastercard Imperio is a lifetime free credit card. There is no joining fee and no annual membership fee. This offer is available as a limited period promotion effective from 3rd April 2023. You can enjoy all the card's benefits without worrying about any recurring charges for card membership.
FEESWhat is the Annual Percentage Rate (APR) on the Mastercard Imperio credit card?
The Mastercard Imperio features a dynamic APR starting from 1.99% per month (23.88% per annum). The actual rate applied depends on your banking relationship with Federal Bank and can go up to 3.75% per month. Customers with a stronger banking relationship with Federal Bank may qualify for a lower interest rate. Please refer to the Most Important Terms & Conditions (MITC) for the detailed schedule of charges.
REWARDSWhat is the rewards structure on the Mastercard Imperio credit card?
The Mastercard Imperio offers a 3-2-1 rewards structure. You earn 3x reward points on spends in Healthcare and Grocery categories, 2x reward points on Utility category spends such as electricity, gas, and mobile bill payments, and 1x reward points on all other categories. This tiered structure is designed to maximize rewards on everyday essential spends for you and your family.
BENEFITSWhat is the welcome benefit on the Mastercard Imperio credit card?
As a welcome benefit, new Mastercard Imperio cardholders receive an Amazon Pay e-Voucher worth ₹400. To be eligible for this voucher, you must spend a minimum of ₹5,000 within the first 30 days of receiving your card. This is a great way to get started and enjoy immediate value from your new credit card.
BENEFITSHow can I get complimentary domestic lounge access with the Mastercard Imperio card?
To enjoy complimentary domestic airport lounge access with the Mastercard Imperio, you need to spend INR 40,000 or more in a calendar quarter. Upon meeting this spend milestone, you will receive 2 complimentary domestic lounge access passes to be used in the following quarter. This benefit is subject to terms and conditions. Please refer to the Airport Lounge Offer Terms & Conditions for full details.
BENEFITSWhat is the INOX BOGO movie ticket offer on the Mastercard Imperio card?
Mastercard Imperio cardholders can enjoy a Buy One Get One (BOGO) movie ticket offer at INOX cinemas, available once per quarter. The offer provides a discount of up to ₹100 on the second ticket. This means you can enjoy movies with a companion at a reduced cost every quarter. Terms and conditions apply — please refer to the INOX Offer Terms & Conditions for eligibility and redemption details.
BENEFITSHow do I earn the complimentary BigBasket vouchers with the Mastercard Imperio card?
To earn complimentary BigBasket vouchers, you need to spend ₹50,000 or more in a quarter using your Mastercard Imperio credit card. Once you meet this quarterly spend milestone, you will receive BigBasket vouchers as a reward. This benefit is a great way to save on grocery and household shopping. Please refer to the BigBasket Offer Terms & Conditions available on the Federal Bank website for complete details.
BENEFITSIs there a fuel surcharge waiver on the Mastercard Imperio credit card?
Yes, the Mastercard Imperio credit card offers a 1% fuel surcharge waiver at all fuel stations across India. This benefit helps you save on every fuel transaction you make using the card. The waiver is applicable nationwide, making it a convenient benefit for regular commuters. Standard terms and conditions may apply, so it is advisable to check the Most Important Terms & Conditions for any transaction limits or restrictions.
BENEFITSWhat additional shopping benefits does the Mastercard Imperio card offer?
Beyond the core rewards and milestone benefits, the Mastercard Imperio also provides access to ongoing attractive cashback offers across various brands through the Federal Bank Mastercard Shop Perks program. These offers change periodically and cover a range of merchants and categories, giving you additional savings on your everyday and lifestyle purchases. Keep an eye on the Federal Bank website or app for the latest active offers under this program.
APPLICATIONHow do I apply for the Federal Bank Mastercard Imperio credit card?
You can apply for the Federal Bank Mastercard Imperio credit card online through the Federal Bank official website by clicking the 'Apply Now' button on the card's feature page. You may also apply through FedNet Internet Banking, FedMobile, or by visiting your nearest Federal Bank branch. During the application process, you will be able to select your preferred card variant and network. Have your KYC documents and income proof ready before applying.
DOCUMENTSWhat documents are required to apply for the Mastercard Imperio credit card?
While the page does not list specific documents, standard documents typically required for a Federal Bank credit card application include: a valid government-issued photo ID (Aadhaar, PAN, Passport or Voter ID), proof of address, recent passport-sized photographs, and income proof such as salary slips or IT returns. PAN card is mandatory for credit card applications in India. It is recommended to visit the Federal Bank website or contact their customer care for the exact document requirements.
USAGEHow do I redeem the reward points earned on my Mastercard Imperio credit card?
Reward points earned on the Mastercard Imperio can be redeemed through the Federal Bank rewards portal, Federal Rewards. You can use accumulated points to redeem for a variety of options including products, vouchers, or other rewards available on the platform. To explore redemption options, log in to your Federal Rewards account or check the FedNet Internet Banking or FedMobile app. Terms and conditions apply to reward point redemption.
OTHERCan I opt out of receiving marketing calls or SMS about the Mastercard Imperio card?
Yes, if you do not wish to receive unsolicited calls or SMS for marketing purposes related to Federal Bank credit card products, you can deregister your contact number through the Do Not Call (DNC) Service. The option to deregister is available on the Federal Bank credit card page. Simply click on the DNC Service link provided on the page and follow the instructions to opt out of marketing communications.
USAGEHow do I block my Mastercard Imperio credit card if it is lost or stolen?
If your Mastercard Imperio credit card is lost or stolen, you can block it immediately through multiple channels: via FedMobile (Federal Bank's mobile banking app), via FedNet (Internet Banking), by sending an SMS as per the bank's format, by calling the Federal Bank contact centre, or by visiting your nearest Federal Bank branch. It is recommended to block the card as soon as possible to prevent any unauthorized transactions.
CANCELLATIONHow do I cancel or close my Mastercard Imperio credit card?
To cancel or close your Federal Bank Mastercard Imperio credit card, you can contact the Federal Bank customer care centre, visit your nearest Federal Bank branch, or submit a written request through FedNet Internet Banking or FedMobile. Before cancellation, ensure all outstanding dues are cleared and any reward points are redeemed as they may lapse upon closure. It is also advisable to cancel any standing instructions or auto-debit mandates linked to the card prior to cancellation.

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