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Rewards Lifetime Free Shopping Airport Lounge Entry Level Entertainment

4.0/5 Editorial Score

Federal Bank Visa Signet Credit Card

Entry-Level Lifestyle Credit Card with INOX Movie Offers & Zero Annual Fee

Best Suited For

First-time cardholders and young salaried professionals looking for lifestyle perks, movies, and dining without paying annual fees.

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 Visa Signet Credit Card is an accessible, youth-oriented lifestyle credit card positioned as an ideal starter card for salaried individuals. With zero joining and annual fees, it eliminates recurring financial liabilities while delivering tangible day-to-day lifestyle perks. Entertainment and dining are the standout pillars of this card. Cardholders receive a Buy-1-Get-1 Free movie ticket discount up to ₹100 once a quarter via INOX, alongside 3X reward points on apparel and entertainment transactions. Additionally, it offers 1 complimentary domestic airport lounge visit per calendar quarter, a rare luxury on an entry-level lifetime free card. For college graduates and early-career executives establishing their CIBIL score, the Federal Bank Visa Signet provides an effortless, rewarding entry into credit cards.

Ideal For:First-time cardholders and young salaried professionals looking for lifestyle perks, movies, and dining without paying annual fees.

Rewards Lifetime Free Shopping

Card Strengths

Lifetime Free Credit Card: 100% Lifetime Free (LTF) credit card with zero joining fee and zero annual renewal charges.
BOGO INOX Movie Discounts: Enjoy Buy-1-Get-1 Free movie ticket discount up to ₹100 once every calendar quarter at INOX cinemas.
Domestic Lounge Access: 1 complimentary domestic airport lounge visit per calendar quarter at major Indian airports.
3X Entertainment Rewards: Earn 3X reward points on movies, apparel shopping, and consumer electronics purchases.
Low Income Eligibility: Accessible eligibility threshold designed for first-time credit card applicants and entry-level employees.

Things to Keep in Mind

Spend Requirement for Lounge: Lounge visit requires meeting minimum spend threshold of ₹5,000 in previous calendar quarter.
Low Monthly Fuel Surcharge Cap: Fuel surcharge waiver is capped at ₹150 per billing cycle.
Modest Base Reward Value: Standard retail reward rate is modest at approximately 0.25% value back.
No International Lounges: Does not offer complimentary international airport lounge access or free lounge guest passes.

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.

Check airport coverage →

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: Visa 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): Refer to official schedule of charges
Annualized Interest Rate (APR): Refer to official schedule of charges
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

• Eligibility: Salaried professionals with monthly income over ₹20,000 or self-employed individuals with steady bank deposits. • Joining & Annual Fee: ₹0 (Lifetime Free across standard retail issuances). • Entertainment Perk: Buy-1-Get-1 Free movie ticket up to ₹100 once per calendar quarter on INOX / PVR INOX. • Airport Lounge Privileges: 1 complimentary domestic airport lounge access per calendar quarter on minimum spend of ₹5,000 in preceding quarter. • Rewards Acceleration: 3X reward points on electronics, apparel, and entertainment; 2X points on dining. • Fuel Surcharge: 1% fuel surcharge waiver for transactions between ₹400 and ₹5,000 (maximum waiver ₹150 per cycle). • Forex Markup: Standard foreign exchange fee of 3.50% + GST on international spends.

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 Visa Signet Credit Card application, fees, reward redemption, and eligibility

Is Federal Bank Visa Signet Credit Card Lifetime Free?

Yes, the Federal Bank Visa Signet Credit Card is issued as Lifetime Free with no joining fee or annual fee.

How do I claim the INOX movie discount on Visa Signet?

Select the Federal Bank Credit Card offer on the payment page of INOX or BookMyShow to receive Buy-1-Get-1 Free ticket up to ₹100 once per calendar quarter.

Does Federal Bank Visa Signet provide airport lounge access?

Yes, it provides 1 complimentary domestic airport lounge access per calendar quarter upon achieving ₹5,000 spend in the preceding quarter.

What is the minimum income required for Federal Bank Visa Signet?

Applicants generally need a minimum monthly income of ₹20,000 for salaried employees and an established credit score of 720 or higher.

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

The joining fee for Federal Bank Visa 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 Visa Signet Credit Card be waived?

Federal Bank Visa 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 Visa Signet Credit Card?

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

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

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