MyFinCards
Rupay Signet

Joining Fee

Free

Annual Fee

Rs. 0 + Taxes

Forex Markup

3.5% + GST

INTERNATIONAL
Federal Bank
Rewards
Shopping
Lifestyle
Best For: Young spenders on electronics and apparel, Entertainment and movie lovers, UPI users wanting credit card benefits

Rupay Signet

Rewards Structure

Base Reward Rate

1% on spends

Point Value

1 Point = ₹0.25

Pros

  • Lifetime free with zero joining and annual fee
  • 3x rewards on Electronics and Apparel
  • UPI linking enabled
  • BOGO movie offer on INOX quarterly
  • Personal Accident insurance cover of INR 2 Lakhs
  • 24x7 Concierge Services
  • Complimentary domestic lounge access on quarterly spend milestone

Cons

  • Lounge access is conditional on INR 20,000 quarterly spend
  • Cash advance limit only 10% of credit limit
  • Foreign currency markup of 3.5%
  • APR starts at 1.99% p.m. (23.88% p.a.) and can go up to 3.75% p.m. for low balance holders

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 requires INR 20,000 spend in the previous quarter

Swiggy voucher requires INR 20,000 quarterly spend

APR is dynamic and linked to average monthly balance in operative account

Lifetime free is a limited period offer

Key Benefits & Features

RuPay Signet Credit Card can be linked to a UPI ID for safe and secure payment transactions.

Eligibility Criteria

Age Requirement

21+ Years

Occupation

SALARIEDSELF_EMPLOYED

Required Documents

IDENTITY Proof

PAN Card
Aadhaar Card

INCOME Proof

Last 3 months bank statement (PDF)
Income Tax Login Credentials (for non-salaried/self-employed)
Official Terms & Conditions

About Rupay Signet

The Federal Bank RuPay Signet Credit Card is designed for young, energetic individuals seeking a feature-rich digital payment experience. Tailored for those who love gadgets, fashion, and entertainment, this lifetime free card comes with zero joining fee and zero annual membership fee, making it an accessible choice for modern spenders. The card can be linked to a UPI ID, enabling seamless and secure payment transactions directly through the RuPay network. At the heart of the Signet card is a bespoke 3-2-1 rewards structure that rewards cardholders with 3x points on Electronics and Apparel purchases, 2x points on Entertainment spending, and 1x points on all other categories. New cardholders are welcomed with an Amazon Pay e-Voucher worth ₹200 on a minimum spend of ₹3,000 within the first 30 days. Quarterly perks include BOGO offers on INOX movie tickets and complimentary Swiggy vouchers on spending ₹20,000 or more. Beyond rewards, the card offers meaningful lifestyle and security benefits. Cardholders who spend ₹20,000 or more in a quarter unlock complimentary domestic lounge access for the following quarter. Additional protections include a Personal Accident Insurance cover of ₹2 Lakhs and round-the-clock Concierge Services. The card also provides access to an extensive range of RuPay offers spanning travel, dining, shopping, sports, and entertainment.

Expert Review

Our Verdict

Lifetime free RuPay card with 3x rewards on electronics & apparel, BOGO movies, and UPI linking.

Frequently Asked QuestionsAbout Rupay Signet

FEESWhat is the joining fee and annual fee for the RuPay Signet Credit Card?
The Federal Bank RuPay Signet Credit Card is a Lifetime Free Credit Card with zero joining fee and zero annual membership fee. This is a limited period offer effective from 3rd April 2023. You can enjoy all the card benefits without worrying about any membership charges.
ELIGIBILITYWhat are the eligibility criteria to apply for the RuPay Signet Credit Card?
To apply for the Federal Bank RuPay Signet Credit Card, you must be at least 21 years of age (minimum age for an unsecured Federal Bank Credit Card). You should have a good credit history and be an Indian resident or a Non-Resident Indian (NRI). A valid PAN, Aadhaar, and income documents may be required during the application process.
REWARDSWhat rewards can I earn with the RuPay Signet Credit Card?
The RuPay Signet Credit Card offers a 3-2-1 rewards structure: earn 3x reward points on Electronics and Apparel spends, 2x reward points on Entertainment spends, and 1x reward points on all other categories. You can track and redeem your points at the Federal Rewards portal (federalrewards.in).
BENEFITSWhat welcome benefit do I get on the RuPay Signet Credit Card?
As a welcome benefit, you get an Amazon Pay e-Voucher worth ₹200 upon spending a minimum of ₹3,000 within the first 30 days of card issuance. This is an early benefit designed to reward you right from the start of your card membership.
BENEFITSDoes the RuPay Signet Credit Card offer any movie or dining benefits?
Yes! The RuPay Signet Credit Card offers a Buy One Get One (BOGO) offer on INOX movie tickets once every quarter. Additionally, you can enjoy complimentary Swiggy vouchers on achieving a quarterly spend of ₹20,000. These offers are subject to terms and conditions.
BENEFITSHow can I get complimentary domestic lounge access with the RuPay Signet Credit Card?
To enjoy complimentary domestic airport lounge access, you need to spend ₹20,000 or more in a quarter. Upon meeting this milestone, you will be eligible for 1 complimentary domestic lounge access in the following quarter. This benefit is subject to terms and conditions.
USAGECan I link the RuPay Signet Credit Card to a UPI ID?
Yes, the Federal Bank RuPay Signet Credit Card can be linked to a UPI ID, enabling safe and secure UPI payment transactions directly from your credit card. This makes it one of the most convenient credit cards for digital payments in India.
FEESWhat is the Annual Percentage Rate (APR) on the RuPay Signet Credit Card?
The APR on the RuPay Signet Credit Card is dynamic and linked to your Average Monthly Balance (AMB) in your operative account. It ranges from 1.99% p.m. (23.88% p.a.) to 3.75% p.m. for customers maintaining an average monthly balance of less than ₹50,000. Higher balances attract lower APR rates.
INTERNATIONALWhat is the foreign currency markup fee on the RuPay Signet Credit Card?
The RuPay Signet Credit Card charges a foreign currency markup fee of 3.5% on international transactions. If you frequently travel abroad or make international purchases, this fee will be applied to all foreign currency transactions. For lower forex markup, you may consider the Federal Bank Celesta Credit Card, which charges 2%.
DOCUMENTSWhat documents are required to apply for the RuPay Signet Credit Card?
To apply for the RuPay Signet Credit Card online, you will need: a PAN card, Aadhaar card, last 3 months' bank statement in PDF format (salary crediting account statement for salaried individuals), and Income Tax login credentials for non-salaried or self-employed applicants. Ensure all documents are ready before starting the application.
APPLICATIONHow can I apply for the Federal Bank RuPay Signet Credit Card?
You can apply for the RuPay Signet Credit Card online by visiting the Federal Bank credit card onboarding platform and clicking on 'Apply Now.' Fill in the required details and submit the application. You will receive updates via email and SMS. An instant virtual credit card will be issued upon successful completion of the application, accessible via the FedMobile app.
FEESWhat is the cash advance limit on the RuPay Signet Credit Card?
The cash advance limit for the RuPay Signet Credit Card is 10% of the total credit limit. Cash withdrawals are subject to a cash advance fee of 2.5% of the amount withdrawn or ₹500, whichever is higher. Interest charges are also applicable on cash advances from the date of withdrawal.
BENEFITSDoes the RuPay Signet Credit Card offer any insurance benefits?
Yes, the RuPay Signet Credit Card comes with a Personal Accident Insurance Cover of ₹2 Lakhs. Additionally, cardholders get access to 24x7 Concierge Services for assistance with travel, lifestyle, and other needs. These benefits add an extra layer of security and convenience to your card membership.
REWARDSHow can I redeem my reward points earned on the RuPay Signet Credit Card?
You can redeem your reward points by visiting the Federal Rewards portal at federalrewards.in. A nominal convenience fee (minimum ₹99) will be charged per redemption request, and the actual redemption fee will be displayed at the time of redemption based on the category. Points can be redeemed for a variety of options including travel, shopping, and more.
OTHERHow do I report a lost or stolen RuPay Signet Credit Card?
If your RuPay Signet Credit Card is lost or stolen, immediately contact Federal Bank's toll-free number 1800-420-1199 or 1800-425-1199 to block the card. You can also manage card controls via FedMobile or FedNet to disable transactions. A replacement card will be issued at a fee of ₹200 plus applicable taxes.

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