MyFinCards
Visa Signet

Joining Fee

Free

Annual Fee

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

0
Federal Bank
Rewards
Shopping
Lifestyle
Best For: Young professionals who spend on electronics, apparel and entertainment, Movie enthusiasts, Those seeking a no-fee rewards card

Visa Signet

Rewards Structure

Base Reward Rate

1% on spends

Point Value

1 Point = ₹0.25

0

Pros

  • Lifetime free card with no joining or annual fee
  • 3x rewards on Electronics & Apparel, 2x on Entertainment
  • Welcome Amazon Pay e-Voucher of INR 500
  • BOGO INOX movie tickets quarterly
  • Complimentary Swiggy vouchers on quarterly spend
  • Domestic lounge access on meeting spend threshold
  • Low dynamic APR starting from 0.69% per month

Cons

  • Lounge access requires minimum quarterly spend of INR 20,000
  • Cash advance limit only 10% of credit limit
  • Reward redemption has a convenience fee (minimum INR 99)

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 conditional on prior quarter spend of INR 20,000

Lifetime free is a limited period offer

Key Benefits & Features

Welcome benefit: Amazon Pay e-Voucher worth INR 500 on minimum spend of INR 3,000 in first 30 days

Access to Visa Deals & Offers including travel, food, dining, shopping, sports, entertainment and lifestyle

Eligibility Criteria

0

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 Visa Signet

The Federal Bank Visa Signet Credit Card is a lifetime-free card designed for young, energetic individuals who enjoy spending on gadgets, apparel, and entertainment. With zero joining fee and zero annual membership fee, it offers exceptional value from the moment you sign up. New cardholders are welcomed with an Amazon Pay e-Voucher worth ₹500 on a minimum spend of ₹3,000 within the first 30 days, making it an attractive choice for those stepping into the world of credit cards. At the heart of the Visa Signet is its personalised 3-2-1 rewards structure, where cardholders earn 3x reward points on Electronics and Apparel purchases, 2x points on Entertainment spends, and 1x points on all other categories. This accelerated rewards system ensures that everyday spending translates into meaningful benefits. Cardholders also gain access to ongoing cashback offers across various brands through Visa Deals and Offers. The card further rewards consistent spenders with complimentary domestic lounge access for quarterly spends of ₹20,000 or more, along with Buy One Get One offers on INOX movie tickets once a quarter and complimentary Swiggy vouchers on qualifying quarterly spends. A competitive dynamic Annual Percentage Rate starting from 0.69% per month, based on the cardholder's banking relationship, rounds out an impressive and well-rounded card proposition.

Expert Review

Our Verdict

Lifetime free card with 3x rewards on Electronics & Apparel, BOGO movie offers, and lounge access.

Frequently Asked QuestionsAbout Visa Signet

FEESWhat is the joining fee and annual fee for the Visa Signet Credit Card?
The Federal Bank Visa Signet Credit Card is a Lifetime Free Credit Card with zero joining fee and zero annual membership fee. This is a limited period offer, making it an excellent choice for those looking for a feature-rich card without any recurring costs.
FEESWhat is the Annual Percentage Rate (APR) on the Visa Signet Credit Card?
The Visa Signet Credit Card offers a lowest dynamic Annual Percentage Rate (APR) starting from 0.69% per month (8.28% per annum) up to 3.75% per month (45% per annum). The applicable rate depends on your banking relationship with Federal Bank. A lower APR may be offered to customers with a stronger banking relationship.
REWARDSWhat rewards can I earn on the Visa Signet Credit Card?
The Visa Signet Credit Card offers a 3-2-1 rewards structure: earn 3x reward points on spends in Electronics and Apparel categories, 2x reward points on Entertainment category spends, and 1x reward points on all other categories. Reward points can be tracked and redeemed through the Federal Rewards portal at federalrewards.in.
BENEFITSWhat is the welcome benefit on the Visa Signet Credit Card?
As a welcome benefit, new Visa Signet Credit Card holders receive an Amazon Pay e-Voucher worth ₹500 upon spending a minimum of ₹3,000 within the first 30 days of card issuance. This is a great way to start earning value right from your first transactions.
BENEFITSHow can I get complimentary domestic lounge access with the Visa Signet Credit Card?
To avail complimentary domestic lounge access, you need to spend ₹20,000 or more in a quarter. Upon meeting this spend threshold, you will be eligible for 1 complimentary domestic lounge access in the following quarter. Terms and conditions apply. Please refer to the Airport Lounge Offer Terms and Conditions on the Federal Bank website for full details.
BENEFITSWhat movie and dining offers are available on the Visa Signet Credit Card?
Visa Signet Credit Card holders enjoy Buy One Get One (BOGO) offers on INOX movie tickets, available once per quarter. Additionally, complimentary Swiggy vouchers are offered upon achieving a quarterly spend of ₹20,000. These offers make the card well-suited for entertainment and lifestyle enthusiasts. Terms and conditions apply for all offers.
FEESWhat is the cash withdrawal limit on the Visa Signet Credit Card?
The cash advance limit for the Visa Signet Credit Card is 10% of the total credit limit. Please note that cash withdrawals using your credit card are subject to applicable interest charges and cash withdrawal fees from the date of transaction. It is advisable to use cash advances only when necessary.
REWARDSAre there any charges for redeeming reward points on the Visa Signet Credit Card?
Yes, a nominal convenience fee applies for each reward point redemption request, with a minimum fee of ₹99. The actual redemption fee will be displayed at the time of redemption based on the category of redemption. It is recommended to redeem points in larger quantities to make the most of your rewards.
ELIGIBILITYWhat are the eligibility criteria for the Visa Signet Credit Card?
To apply for the Federal Bank Visa Signet Credit Card (unsecured), you must be a minimum of 21 years of age. A good credit history is also important for approval. Indian residents as well as Non-Resident Indians (NRIs) are eligible to apply. Additional eligibility checks may be conducted based on income and banking relationship with Federal Bank.
DOCUMENTSWhat documents are required to apply for the Visa Signet Credit Card?
To apply for the Federal Bank Visa Signet Credit Card online, you typically need the following documents: PAN card, Aadhaar card, last 3 months' bank statements in PDF format (salary-crediting account for salaried individuals), and Income Tax login credentials for non-salaried or self-employed applicants. Ensure all documents are ready before starting the application process.
APPLICATIONHow can I apply for the Visa Signet Credit Card?
You can apply for the Federal Bank Visa 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 your application. You will receive updates via email and SMS. Alternatively, you can visit your nearest Federal Bank branch to apply in person.
BENEFITSWhat Visa offers and deals are available with the Visa Signet Credit Card?
As a Visa network card, the Visa Signet Credit Card gives you access to a wide variety of Visa Deals and Offers across categories including travel, food and dining, shopping, sports, entertainment, and lifestyle. These ongoing cashback and discount offers are available across various partner brands, providing continuous value beyond the card's standard reward structure.
CANCELLATIONHow can I cancel my Visa Signet Credit Card?
You can cancel your Visa Signet Credit Card at any time by contacting Federal Bank's customer care or visiting the nearest branch. Before cancellation, ensure that all outstanding dues are cleared, any remaining reward points are redeemed (if applicable), and no auto-debit or standing instructions are linked to the card. Call the toll-free number 1800-420-1199 or 1800-425-1199 for assistance.
USAGECan I use the Visa Signet Credit Card for contactless payments?
Yes, the Visa Signet Credit Card supports contactless payments. You can tap your card at any NFC-enabled POS terminal to pay quickly and securely. Contactless payments up to ₹5,000 can be made without a PIN, while transactions up to ₹50,000 require PIN entry. To enable contactless payments, go to FedMobile App → Credit Card → Manage Card → Manage Credit Card → Enable Domestic/International Contactless.
USAGECan I add family members to my Visa Signet Credit Card account?
Yes, you can get up to 4 Add-On Credit Cards for your family members under your Visa Signet Credit Card account. The Add-On cards share the primary cardholder's credit limit and features. An applicable charge of ₹100 + GST per card applies. The primary cardholder is responsible for all spends made by Add-On cardholders. Apply through FedMobile App → Credit Cards Tab → More → Request Add On Card.

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