Rupay Wave

The Federal Bank RuPay Wave Credit Card is a unique floater card designed exclusively for existing Federal Bank credit cardholders. Linked to your primary credit card and sharing the same credit limit, it functions as a powerful add-on that brings a dedicated set of benefits focused on UPI payments. Available only through the FedMobile app, the card is automatically enabled for UPI upon issuance, allowing you to seamlessly link it to popular apps like Google Pay and PhonePe for quick QR-based payments. The card delivers strong introductory value with 10% cashback on your first five UPI transactions made within 30 days of issuance, up to Rs. 200. Ongoing rewards include 1 reward point for every Rs. 200 spent, redeemable for exciting benefits. High spenders can also unlock a milestone bonus of 1,000 reward points upon reaching Rs. 50,000 in quarterly spending. What sets the RuPay Wave apart is its ability to combine the spending power of a credit card with the everyday convenience of UPI payments. It maintains separate billing statements from the primary card for clear expense tracking, while repayment follows the same auto-debit preferences. With no joining or annual fees, it is a truly lifetime-free card that rewards every tap and scan.