Federal Bank Visa Signet Credit Card review
Federal Bank · Visa · points Partly verified Checked 31 Oct 2026
Verify before applying. We read 6 issuer documents for this card (Federal Bank Visa Signet Credit Card official page; Federal Bank Key Fact Statement), but some figures rest on 1 secondary source (CardAdvisor Federal Signet) and are not confirmed in the bank's own terms. Check the issuer's current terms (MITC) first; every source is listed at the bottom with its check date.
At a glance
- Annual fee
- ₹0
- Joining fee
- ₹0
- Fee waiver
- Not needed (no annual fee)
- Base return
- 0.13% base
- Point value
- ₹0.25 per point
- Domestic lounge
- 1 domestic lounge visit next quarter on ₹20,000+ spend in a quarter (official Signet page and Federal lounge T&C table); no international access
- International lounge
- None found
Estimated net value a year
| Profile | Net | % of spend |
|---|---|---|
| First card, light spender ₹15k a month | ₹261 | 0.1% |
| Metro salaried ₹60k a month | ₹917 | 0.1% |
| Family household ₹80k a month | ₹1,131 | 0.1% |
| Frequent flyer ₹1.5L a month | ₹2,340 | 0.1% |
| Online shopper ₹50k a month | ₹840 | 0.1% |
| Rent-heavy ₹90k a month | ₹912 | 0.1% |
Fee maths: There is no annual fee to recover, so value depends only on how much of your spend lands in rewarded categories. On our 6 profiles it nets from ₹261 (first card, light spender) to ₹2,340 (frequent flyer), equal to 0.1% of spend across the profiles.
After fees and caps, best-case redemption. Use your own spend.
Our take: A card with one of the lowest base returns in our data: 1 point per ₹200 on most spends, and Federal's MITC states that a point is worth ₹0.25, so that is 0.125%. The 3x rate on electronics and apparel and the 2x rate on entertainment lift it to 0.375% and 0.25% (those multipliers are on the product page, not in the MITC). Fees are nil for customers onboarded from 3 April 2023; earlier customers pay ₹750. Cash redemption is worth ₹0.10 a point, redemption costs ₹99, and fuel, rent, wallet loads and cash earn nothing. One domestic lounge visit a quarter needs ₹20,000 of spend in the quarter.
From the card's terms: strengths
- No annual fee
- 1 domestic lounge visit a quarter
From the card's terms: limits
- Base return is only about 0.13% on other spends
Reward rates and caps
| Spend category | Points per ₹100 | Value per ₹100 | Cap | Notes |
|---|---|---|---|---|
| Other online shopping | 1.5 | ₹0.38 | No cap found | 3x rewards on electronics and apparel (official page); base 1 point per ₹200 (official reward structure table), so 3x = 1.5 per ₹100. Share of spend assumed. |
| Entertainment & OTT | 1 | ₹0.25 | No cap found | 2x rewards on entertainment (official page); base 1 per ₹200, so 1 per ₹100. |
| Fuel, Rent | 0 | ₹0 | No cap found | No points on fuel, rent (rental), wallet loads and cash withdrawals (official reward campaign T&C). Fuel surcharge waiver not listed for Signet in KFS. |
| Everything else, Amazon, Flipkart, Groceries, Dining & food delivery, Flights & hotels, Bills & utilities, International (foreign currency) | 0.5 | ₹0.13 | No cap found | 1x: 1 point per ₹200 (official Federal reward structure table, federal.bank.in/cc-10x-rp). |
Point value: ₹0.25 per Federal Reward Point, officially confirmed: Federal MITC (07-09-2026) clause 6(f): "Each Federal Reward Point is valued at ₹0.25." Clause 6(g): "Redemption of Reward Points towards 'Cash' to the Card Account will be computed at 10 paise per point" (so statement-credit redemption is worth only ₹0.10). Redemption fee: "₹99/- per redemption request (NIL for VALUEMAX variant)" (MITC schedule of other charges). 0.25 applies to catalogue/voucher redemption; from 15 Jul 2026 a minimum balance of 500 points is required to redeem (rewards site banner).
Excluded or reduced
- Fuel
- Rent
- Wallet loads
- Cash withdrawals
- Government services
- Financial institutions and quasi-cash (MCC 6012, 6050, 6051)
- Insurance capped at 250 points per month
Other benefits
- Welcome: Amazon Pay e-voucher ₹200 on ₹3,000 spend in first 30 days.
- BOGO on INOX movie tickets once a quarter
- Swiggy vouchers on quarterly ₹20,000 spend
- Fuel surcharge waiver: official KFS (07 Sep 2026) lists it only for Imperio and Celesta, not Signet
- Forex markup 3.5% (official KFS)
Eligibility
We did not find eligibility criteria in the issuer documents we read. unverified
Compare
Related guides
- How to read a credit card MITC
- Fuel surcharge waivers explained
- Airport lounge access on credit cards
- Forex markup and using a card abroad
- How reward points work and what they are worth
- Credit card devaluations and what to do
FAQ
What is the annual fee of the Federal Bank Visa Signet Credit Card?
No annual fee. Fees exclude 18% GST.
How do Federal Bank Visa Signet Credit Card rewards work?
0.13% base, up to 0.25% on entertainment & ott, 0.38% at partners, capped. ₹0.25 per Federal Reward Point, officially confirmed: Federal MITC (07-09-2026) clause 6(f): "Each Federal Reward Point is valued at ₹0.25." Clause 6(g): "Redemption of Reward Points towards 'Cash' to the Card Account will be computed at 10 paise per point" (so statement-credit redemption is worth only ₹0.10). Redemption fee: "₹99/- per redemption request (NIL for VALUEMAX variant)" (MITC schedule of other charges). 0.25 applies to catalogue/voucher redemption; from 15 Jul 2026 a minimum balance of 500 points is required to redeem (rewards site banner).
Does the Federal Bank Visa Signet Credit Card give airport lounge access?
Domestic: 1 domestic lounge visit next quarter on ₹20,000+ spend in a quarter (official Signet page and Federal lounge T&C table); no international access. International: None found.
Who is the Federal Bank Visa Signet Credit Card best suited to?
A card with one of the lowest base returns in our data: 1 point per ₹200 on most spends, and Federal's MITC states that a point is worth ₹0.25, so that is 0.125%. The 3x rate on electronics and apparel and the 2x rate on entertainment lift it to 0.375% and 0.25% (those multipliers are on the product page, not in the MITC). Fees are nil for customers onboarded from 3 April 2023; earlier customers pay ₹750. Cash redemption is worth ₹0.10 a point, redemption costs ₹99, and fuel, rent, wallet loads and cash earn nothing. One domestic lounge visit a quarter needs ₹20,000 of spend in the quarter. There is no annual fee to recover, so value depends only on how much of your spend lands in rewarded categories. On our 6 profiles it nets from ₹261 (first card, light spender) to ₹2,340 (frequent flyer), equal to 0.1% of spend across the profiles.
Sources
- Federal Bank Visa Signet Credit Card official page official fetched 2026-10-29
- Federal Bank Key Fact Statement (official PDF) official fetched 2026-10-29
- Federal Bank credit card spend activation T&C (official) official fetched 2026-10-29
- CardAdvisor Federal Signet aggregator fetched 2026-10-29
- Federal Bank credit card 10X rewards page: official base reward structure (Signet 1 point per Rs 200) official fetched 2026-10-30
- Federal Bank Credit Cards MITC dated 07-09-2026 (official PDF) official fetched 2026-10-30
- Federal Bank credit card schedule of charges (official PDF) official fetched 2026-10-30
Not financial advice. Figures are estimates from published terms and may be outdated; confirm with Federal Bank before you apply. Methodology.
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