CardAgent
Verified by CardAgent admin · last checked 08 Jul 2026
Federal Bank

Federal Bank Signet Credit Card

25
Ranked #130 of 170 in credit
creditVisaEntry-Youth

Federal Bank's youth-oriented lifetime-free credit card with 3X rewards on electronics/apparel and 2X on entertainment, positioned as the entry-level "young and energetic" variant in the Imperio/Signet/Celesta lineup.

Score breakdown

Data completeness: 100% · Last verified: 09 Jul 2026

Reward value6/100 · weight 71%
≈ 0.28% effective on the standard basket (eligible spend only)
Wide-coverage rewards: +0.5% score bonus — earns broadly without narrow category restrictions.
Fee efficiency100/100 · weight 12%
Redemption flexibility75/100 · weight 9%
Perks31/100 · weight 9%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee
—
Annual fee
Lifetime free
Waiver: Genuinely lifetime free (limited-period bank offer)
Forex markup
3.5%

Lounge access

Domestic (per year)
4
International (per year)
0

Reward structure

CategoryTypeRateCapNotes
apparelpoints0.75%(3 pts @ ₹0.25)—3X reward points on electronics and apparel spends
electronicspoints0.75%(3 pts @ ₹0.25)—3X reward points on electronics
all_spendspoints0.25%(1 pts @ ₹0.25)—1X base rate on other categories

Welcome offer

Amazon Pay e-voucher worth Rs200 on Rs3,000 spend within first 30 days

Milestone benefits

Pros

  • Genuinely lifetime free
  • targeted at young/urban spenders with electronics/apparel/entertainment focus (3X/2X rewards)
  • lowest APR tier in Federal lineup (1.99%/month = 23.88% p.a.)
  • accessible lounge threshold (Rs20,000/quarter)

Cons

  • Lowest lounge access count among Federal cards (only 4/yr)
  • no international lounge
  • entry-level reward value overall

What's inside

More benefits

  • Swiggy voucher milestone

    ₹300

    Complimentary Swiggy e-vouchers on Rs20,000 spend in a quarter

    Cap ₹1,200 / quarterly. Rs20,000 spend in a quarter

  • BOGO INOX movie tickets

    ₹300

    Buy one get one free movie ticket at INOX once per calendar quarter

    Cap ₹1,200 / quarterly. None specified beyond quarterly limit

Insurance cover

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₹NaN

Eligibility

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Age 21+ (unsecured); Indian resident/NRI; good credit history

Small print

Fuel surcharge:1% fuel surcharge waiver