Modern Neo-Banking Lifestyle Card with Up to 5% Valueback in Fi-Coins
Digital-first professionals, tech-savvy millennials, and global travelers seeking tailored 5% brand cashback and flexible rewards.
₹2,000
One-time upfront₹2,000
Waived on ₹2.5 lakh annual spendStandard Points
On eligible spends4 Domestic visits/year
Complimentary visitsLast verified 2 Oct 2026
Objective editorial assessment, ideal spender profile, and primary trade-offs
The Fi-Federal Credit Card is a thoughtfully engineered financial instrument developed jointly by Federal Bank and neo-banking platform Fi Money. Carrying a standard annual fee of ₹2,000 plus GST, it balances its initial price point by awarding welcome benefits valued at ₹2,000 (as vouchers or equivalent Fi-Coins) upon initial onboarding and activation. The standout strength of the card is its dynamic category intelligence: users can earn up to 5% valueback in Fi-Coins on their top 3 chosen merchant categories (spanning food delivery, ride-hailing, e-commerce, and entertainment subscriptions). On general retail purchases, the card delivers a steady 2% valueback, placing it well above entry-tier cards. Fi-Coins can be redeemed for curated shopping vouchers, partner catalog items, or converted directly into digital gold and statement offsets. For globetrotters and international online shoppers, the card offers an appealing foreign currency proposition, allowing users with qualifying Fi salary/wealth tier relationships to unlock zero-forex benefits (or a competitive 2.0% markup compared to the industry standard 3.5%). Cardholders also enjoy 1 complimentary domestic airport lounge visit per quarter upon meeting a quarterly spend criterion of ₹50,000. The fee waiver threshold stands at ₹2,50,000 annually, which is readily achievable for corporate professionals routing everyday dining, transit, and lifestyle transactions through the intuitive Fi ecosystem.
Base earning rates, partner merchant acceleration, redemption options, and exclusions
| Spend Category | Earn Rate | Reward Cap | Conditions |
|---|---|---|---|
| Chosen Partner Merchant Brands | Up to 5% value back on chosen top merchant brands | No Cap | Standard terms apply |
| International Spends | 2% flat reward rate on all international transactions | No Cap | Standard terms apply |
| Other Retail Spends | 1% value back on other eligible transactions | No Cap | Standard terms apply |
Calculate estimated net cashback and points across your actual spending pattern.
Estimate your rewards using the card's current reward rates, monthly caps and applicable fee-waiver rules.
Customize monthly spend in each category. Category amounts sum directly to your monthly spend.
| Category / Reward Bucket | Monthly Spend | Rate | Effective Rate | Cap Period | Eligible Reward | Cap Status |
|---|---|---|---|---|---|---|
| Chosen Partner Merchant Brands | ₹6,000 | Up to 5% value back on chosen top merchant brands | — | None | Calculating... | Under cap |
| International Spends | ₹6,000 | 2% flat reward rate on all international transactions | — | None | Calculating... | Under cap |
| Other Retail Spends | ₹18,000 | 1% value back on other eligible transactions | — | None | Calculating... | Under cap |
| Total Monthly Cashback | ₹30,000 | - | — | - | ₹0 / mo | Zero cap loss |
₹3.6 lakh
12 billing cycles₹0
0% blended return-₹2,000
Standard renewal+₹0 / yr
Rewards - FeeDomestic and international lounge privileges, spend hurdles, and participating terminals
Verify this card against live departure gates and specific terminal lounges across India.
This card includes complimentary admission across verified Indian airport terminals. Check individual terminal lounges and spend criteria before you travel.
Complete breakdown of joining, renewal, forex, financing APR, and transaction charges
• Joining Fee: ₹2,000 + GST; Annual Renewal Fee: ₹2,000 + GST. • Annual Fee Waiver: Spend ₹2,50,000 or more in an anniversary year to waive the ₹2,000 renewal fee. • Welcome Privilege: Vouchers or Fi-Coins worth ₹2,000 credited upon fee payment and card activation. • Reward Mechanics: Up to 5% valueback in Fi-Coins on top 3 selected merchant spend categories; 2% on general retail spends. • Lounge Access: 1 complimentary domestic lounge access per calendar quarter subject to spending ₹50,000 in the preceding quarter. • Forex Markup: Standard 2.0% markup; eligible for 0% forex benefit based on linked Fi Money account tier status. • Exclusions: Fuel purchases, cash withdrawals, rent payments, EMI transactions, and wallet loads do not accrue Fi-Coins.
Evaluate whether this card's perks and waiver threshold justify its ₹2,000 renewal fee.
Income criteria, minimum age, CIBIL score benchmark, and verification checklist
Eligibility criteria not specified
Verified eligibility criteria are not currently available for this card. Check the issuer's latest terms before applying.
Common questions regarding Fi-Federal Credit Card application, fees, reward redemption, and eligibility
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Direct online application on the official Federal Bank portal with paperless verification.
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