Joining Fee

Free

Annual Fee

Rs. 0 (Reversed on annual spends of Rs. 0.2 Lakhs)

Forex Markup

3.5% + GST

INTERNATIONAL

Late Payment Charges

2.5% of the outstanding amount · Minimum ₹500

Federal Bank

Rewards

Lifestyle

Shopping

Best For: First-time credit card users, Online shoppers (Electronics & Apparel), Movie enthusiasts, Food delivery users

Mastercard Signet

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
3-2-1 tiered rewards structure for Electronics, Apparel and Entertainment
Welcome Amazon Pay voucher of Rs. 200
Quarterly BOGO INOX movie ticket offer
Complimentary Swiggy vouchers on quarterly spend milestone
Domestic lounge access on quarterly spend milestone

Cons

Lounge access requires minimum quarterly spend of INR 20,000
Swiggy voucher requires minimum quarterly spend of INR 20,000
Only 1 lounge visit per quarter

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 is for next quarter based on current quarter spend

APR is dynamic and linked with AMB in operative account (1.99% - 3.75% p.m.)

Key Benefits & Features

3x rewards on Electronics & Apparel, 2x on Entertainment, 1x on all other categories

Ongoing cashback offers across brands via Federal Bank Mastercard Shop Perks program

Eligibility Criteria

Min. Annual Income

₹3.0 Lakhs

Age Requirement

21+ Years

Occupation

SALARIED

Required Documents

IDENTITY Proof

PAN Card

Aadhaar Card

Notable Exclusions

3x rewards on spends for Electronics & Apparel categories, 2x rewards on Entertainment category and 1x rewards for other categories

*Exclusions may apply to EMI transactions, fuel, and wallet reloads based on current bank policy.

Official Terms & Conditions

These details are based on information updated on 6 March 2026. Fees and benefits change often - confirm on the issuer's own page before applying.

About Mastercard Signet

The Federal Bank Mastercard Signet Credit Card is a lifetime free card with no joining fee and no annual membership fee, making it an accessible choice for first-time credit card users and everyday shoppers alike. Built around a personalised 3-2-1 rewards structure, cardholders earn 3x rewards on Electronics and Apparel purchases, 2x rewards on Entertainment spends, and 1x rewards on all other categories, ensuring value across a wide range of spending habits. New cardholders are welcomed with an Amazon Pay e-voucher worth Rs. 200 on minimum spends of Rs. 3,000 within the first 30 days. For those who love movies, the card offers a Buy One Get One deal on INOX movie tickets once a quarter. Food delivery enthusiasts benefit from complimentary Swiggy vouchers upon reaching a quarterly spend of Rs. 20,000, while frequent travellers can unlock one complimentary domestic lounge access per quarter by spending INR 20,000 or more in the preceding quarter. Ongoing cashback offers across multiple brands are available through the Federal Bank Mastercard Shop Perks program, adding further everyday value to the card. With an Annual Percentage Rate starting from 1.99% per month, the Mastercard Signet is designed for online shoppers, movie lovers, and food delivery users seeking a rewarding, cost-free credit card experience.

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