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Direct Bank Application via Official Issuer Portal

Rewards Lifetime Free Shopping Airport Lounge Entry Level Entertainment

4.0/5 Editorial Score

Federal Bank Mastercard Signet Credit Card

Dynamic 3-2-1 Reward Multipliers & BOGO Movie Privileges

Best Suited For

Young professionals, electronics shopping, and weekend movie outings

Rewards Lifetime Free Shopping Airport Lounge

Joining Fee

Free

One-time upfront

Annual Fee

Free

Lifetime Free — no renewal fee

Base Rewards

Federal Rewards

On eligible spends

Airport Lounge

1 Domestic visits/quarter · ₹20k quarterly spend required

Complimentary visits

Apply Now Compare Card Official Terms

See where this card gets lounge access

Last verified 3 Oct 2026

Why Consider This Card?

Objective editorial assessment, ideal spender profile, and primary trade-offs

Editorial Verdict

4.0/5 Editorial Score

The Federal Bank Mastercard Signet Credit Card is an accessible, high-utility lifestyle card aimed at young professionals, entry-level earners, and tech enthusiasts. Its signature strength is its dynamic 3-2-1 rewards matrix: cardholders earn 3X rewards on Electronics & Apparel merchants, 2X rewards on Entertainment & Dining, and 1X reward on general retail expenses. Additionally, cardholders enjoy a Buy One Get One (BOGO) ticket discount on INOX and BookMyShow up to ₹100 once per quarter, and 1 complimentary domestic airport lounge visit per calendar quarter upon completing ₹20,000 spend in the prior quarter. Frequently issued Lifetime Free (LTF) with ₹0 joining and ₹0 annual fee, it eliminates recurring maintenance costs entirely. Limitations include modest lounge allowances (1 per quarter), standard 3.50% forex markup, and quarterly spend prerequisites for lounge entry. For individuals wanting rewarding electronics shopping and occasional weekend cinema perks with zero annual fee liability, the Signet card is an excellent starter choice.

Ideal For:Young professionals, electronics shopping, and weekend movie outings

Rewards Lifetime Free Shopping

Card Strengths

3X Electronics Rewards: Earn triple reward points on electronics stores, gadgets, and apparel retail.
Lifetime Free Card: Zero joining fee and zero annual maintenance fee for lifetime card ownership.
BOGO Movie Discounts: Enjoy Buy One Get One movie ticket discount up to ₹100 once per quarter on INOX.
4 Domestic Lounge Visits: 1 complimentary domestic airport lounge visit per quarter upon meeting spend criteria.
1% Fuel Surcharge Waiver: Save on refuelling with 1% waiver on transactions between ₹400 and ₹5,000.

Things to Keep in Mind

Quarterly Lounge Spend Condition: Requires ₹20,000 retail spend in the prior calendar quarter to unlock lounge visit.
Modest Lounge Allowance: Limited to 1 lounge visit per quarter compared to 2 visits on the higher Imperio tier.
Standard 3.50% Forex Markup: Overseas transactions incur standard cross-border foreign exchange conversion fees.
Category Reward Caps: Accelerated 3X reward points are subject to monthly category ceilings.

Additional Cardholder Privileges

Rewards

Federal Rewards

Cashback

- No merchant refund/cashback/credit due to transactions converted to EMI / cancelled transactions / reversals / promotional cashback will be considered as a payment towards the outstanding of the card.

Fuel

Fuel surcharge waiver

- Fuel surcharge and applicable taxes (including GST) if any, are levied by the fuel merchant/acquiring bank.

Rewards & Cashback Structure

Base earning rates, partner merchant acceleration, redemption options, and exclusions

Reward Program Name: Federal Reward Points
Reward Currency: Federal Reward Points
Base Earn Rate: Federal Rewards
Point Value (INR): ₹0.2500 per point
Redemption Channels: Refer to bank rewards portal
Reward Point Expiry: Refer to bank rewards program terms

Category Accelerated Earn RatesPublished Terms

Spend Category	Earn Rate	Reward Cap	Conditions
Electronics & Apparel Spends	3X Reward Points on electronics and apparel (3 RP per ₹100 spent; 0.75% value; 1 RP = ₹0.25)	No Cap	Standard terms apply
Entertainment Spends	2X Reward Points on movies and entertainment (2 RP per ₹100 spent; 0.50% value)	No Cap	Standard terms apply
Other Spends	1 Reward Point per ₹100 spent on other purchases (0.25% value)	No Cap	Standard terms apply

Featured Merchant HubsAll Merchants

Swiggy Hub Federal Rewards Hub INOX Hub

Estimate Your Custom Monthly Rewards

Calculate estimated net cashback and points across your actual spending pattern.

Open Rewards Calculator

Reward Exclusions: Fuel transactions, wallet loading, cash withdrawals, rent payments, educational payments, and government services are generally excluded from base and accelerated reward point accrual across all Indian card issuers.

Reward Calculator

Estimate Your Annual Rewards

Estimate your rewards using the card's current reward rates, monthly caps and applicable fee-waiver rules.

Verified Rates & Caps

Quick Select:

Total Monthly Spend:₹30,000 / month

₹5,000 / mo₹1 lakh / mo₹2 lakh / mo

Category Spend Allocation

Customize monthly spend in each category. Category amounts sum directly to your monthly spend.

Assumed spend distribution

Electronics & Apparel Spends0.75%

No published cap

₹

Entertainment Spends0.50%

No published cap

₹

Other Spends0.25%

No published cap

₹

Excluded / Non-Reward Spends0%

Fuel, rent, wallet, govt, cash

₹

Category / Reward Bucket	Monthly Spend	Rate	Effective Rate	Cap Period	Eligible Reward	Cap Status
Electronics & Apparel Spends	₹6,000	3X Reward Points on electronics and apparel (3 RP per ₹100 spent; 0.75% value; 1 RP = ₹0.25)	—	None	Calculating...	Under cap
Entertainment Spends	₹6,000	2X Reward Points on movies and entertainment (2 RP per ₹100 spent; 0.50% value)	—	None	Calculating...	Under cap
Other Spends	₹18,000	1 Reward Point per ₹100 spent on other purchases (0.25% value)	—	None	Calculating...	Under cap
Total Monthly Cashback	₹30,000	-	—	-	₹0 / mo	Zero cap loss

Annual Spends

₹3.6 lakh

12 billing cycles

Annual Capped Rewards

₹0

0% blended return

Effective Fee

₹0

Standard renewal

Net Annual Value

+₹0 / yr

Rewards - Fee

*Calculation based on verified card reward rates, applicable monthly caps, and fee-waiver thresholds (fee waived).

Multi-card comparator

Airport Lounge Access

Domestic and international lounge privileges, spend hurdles, and participating terminals

Domestic Lounge Access

Airports within India

Included

Complimentary Visits: 1 complimentary visit per quarter
Spend Requirement: ₹20,000 per Previous Calendar Quarter

1 complimentary domestic airport lounge visit per half year (2 per year), subject to quarterly spend criteria

International Lounge Access

Global airports outside India

None

Complimentary Visits: Not available
Spend Requirement: Unavailable
Access Type: International Lounge Program

Planning an upcoming departure?

Verify this card against live departure gates and specific terminal lounges across India.

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Where can I use this card for airport lounge access?

This card includes complimentary admission across verified Indian airport terminals. Check individual terminal lounges and spend criteria before you travel.

See where this card gets lounge access

Airport Lounge Checker

Domestic Allowance1 Domestic visits/quarter · ₹20k quarterly spend required

Airport Coverage40+ Major Indian Airports

Lounge DirectoryView All Lounge Coverage

Representative Major Airport Lounges:

Delhi (DEL)Mumbai (BOM)Bengaluru (BLR)Hyderabad (HYD)Chennai (MAA)Kolkata (CCU)All 40+ Airports →

Fees & Charges

Complete breakdown of joining, renewal, forex, financing APR, and transaction charges

1. Card Membership Fees

Joining Fee (1st Year): Free
Annual / Renewal Fee (2nd Year Onwards): Free
Annual Spend Fee Waiver: Lifetime Free — no renewal fee
Fee Terms Notes: Mastercard Platinum credit card; lifetime free for eligible customers; 2 domestic airport lounges

2. International Spends

Foreign Currency Markup (Forex): 3.50% + GST
Dynamic Currency Conversion (DCC): Standard 1% mark-up on cross-currency INR transactions where applicable

3. Borrowing & Financing

Monthly Interest Rate (Finance Charges): 3.00% per month
Annualized Interest Rate (APR): 36.00% p.a.
Cash Advance / ATM Withdrawal Fee: Refer to official schedule of charges
Interest-Free Period: Up to 50 Days

4. Other Charges & Taxes

Late Payment Charges: Late Payment Charges
Fuel Surcharge Waiver: Fuel surcharge and applicable taxes (including GST) if any, are levied by the fuel merchant/acquiring bank.

Regulatory Tax Notice: Goods and Services Tax (GST) of 18% is applicable on all card fees, interest charges, and milestone fees as mandated by the Government of India.

Verified Terms & Exclusions Summary

Key Terms & Conditions for Federal Bank Mastercard Signet Credit Card: • Joining & Annual Fee: Lifetime Free (LTF) with ₹0 joining and ₹0 annual renewal fee for approved applicants. • 3-2-1 Rewards Formula: 3X rewards on Electronics & Apparel, 2X rewards on Entertainment & Dining, and 1X reward per ₹100 on standard retail. • Domestic Airport Lounge Access: 1 complimentary domestic airport lounge visit per calendar quarter (4 annually), subject to ₹20,000 retail spend in previous quarter. • Entertainment Privileges: Buy One Get One (BOGO) movie discount on INOX/BookMyShow up to ₹100 once per calendar quarter. • Fuel Surcharge Relief: 1% fuel surcharge waiver for transactions between ₹400 and ₹5,000 across domestic petrol pumps. • Finance Charges: 3.00% per month (36.0% annualized) on overdue revolving balances.

Is the Annual Fee Worth It?

Evaluate whether this card's perks and waiver threshold justify its Free renewal fee.

Calculate Fee ROI

Eligibility & Application Requirements

Income criteria, minimum age, CIBIL score benchmark, and verification checklist

Age Requirement: Not specified
Employment Status: Not specified
Recommended Credit Score (CIBIL): Not specified
Residency: Indian resident or NRI
Special Eligibility Notes: - Quarterly Spend-Based Eligibility: - Additional provisions applicable to Non-Resident (NR) Customers: For Non-Resident (NR) customers, registration and maintenance of an Auto Debit mandate through a designated NRE or NRO account with the Bank shall be mandatory for servicing the Credit Card account. - NRI Documents required: - PAN - Aadhaar

Mandatory Verification Documents

1. Identity ProofPAN Card (Mandatory), Aadhaar Card, Passport, or Voter ID.

2. Address ProofAadhaar (DigiLocker), Utility Bill (Electricity/Piped Gas), or Rental Agreement.

3. Income ProofLatest 3 months salary slips, Form 16, or latest 2 years ITR computation.

Frequently Asked Questions

Common questions regarding Federal Bank Mastercard Signet Credit Card application, fees, reward redemption, and eligibility

Is the Federal Bank Mastercard Signet card free for life?

Yes, the Federal Bank Mastercard Signet card is issued as Lifetime Free with zero joining and zero renewal fees for approved applicants.

What spending categories earn 3X rewards?

Purchases at electronics stores, gadget retail outlets, and branded apparel merchants earn accelerated 3X reward points.

How many airport lounge visits are included?

The card offers 1 complimentary domestic airport lounge visit per calendar quarter (up to 4 visits annually), provided you spend ₹20,000 in the previous quarter.

What entertainment discount is offered?

Cardholders receive a Buy One Get One movie discount up to ₹100 once per calendar quarter on INOX and BookMyShow.

What is the joining and annual renewal fee for Federal Bank Mastercard Signet Credit Card?

The joining fee for Federal Bank Mastercard Signet Credit Card is Free (one-time), and the annual renewal fee is Free from the second year onwards. GST of 18% is applicable on all fee charges.

Can the annual fee on Federal Bank Mastercard Signet Credit Card be waived?

Federal Bank Mastercard Signet Credit Card is a Lifetime Free credit card with no annual renewal fee, so no spend-based waiver is required.

What are the primary rewards and cashback earn rates on Federal Bank Mastercard Signet Credit Card?

Federal Bank Mastercard Signet Credit Card offers Federal Rewards. Cardholders also enjoy accelerated reward rates on partner merchants and selected digital spend categories.

Does Federal Bank Mastercard Signet Credit Card offer complimentary airport lounge access?

Yes, Federal Bank Mastercard Signet Credit Card provides 1 Domestic visits/quarter · ₹20k quarterly spend required.