Based in Kerala, the Federal Bank is one of the leading banks in the private sector today with branches across all major states of India. The Federal Bank offers an array of services across verticals such as personal banking, corporate banking, NRI banking, as well as agricultural banking. In addition to these, the Federal Bank also offers quality services associated with the personal banking segment. These include ? debit cards, gift cards, Federal Bank credit cards, and travel cards.
The credit cards offered by the Federal Bank are sponsored jointly by the State Bank Of India and are operating in association with VISA. With highly competitive interest rates of their credit cards, the Federal Bank offers several interesting rewards and benefits on its credit cards to make them a lucrative option for the customer. These cards find global acceptance across several online and on-ground shopping or payment destinations.
The Federal Bank offers two types of credit cards. These are -
Also Check: Cibil score for credit card
Here are some of the most prominent features and benefits of the Federal Bank SBI Credit Cards:
Elaborated below are both the Federal Bank SBI Credit Cards along with their features:
#1. Federal Bank SBI - VISA Gold 'N More
The Federal Bank SBI - VISA Gold 'N More card is an international, co-branded credit card that comes with attractive offers as well as reward points. It finds its use across more than 24 million outlets world over with 25000 of them in India alone.
Here are some of the most important features of this card:
|Maximum Credit Limit Allowed||The card allows a maximum credit limit of up-to 175,000|
|Joining time fee||499|
The card offers 1 reward point for every 100 rupees spent, which is equivalent to 0.25 paisa.
There are bonus reward points for money spent on grocery or dining.
|Waiver of Fuel Surcharge||With the Federal Bank SBI - VISA Gold 'N More card one is exempt from paying the 1% fuel surcharge that ranges from a minimum fuel purchase of 500 to maximum 3000 per statement.|
|Special Offers on the credit card|
First time users get their joining fee and more back in the form of rewards and offers listed below.
Currently the users can earn up to 2000 reward points simply by making use of the card for a transaction worth 2000 and above within 60 days of card issuance.
#2. Federal Bank SBI VISA Platinum
This is another good option of credit card from the Federal Bank. It features special offers and a high credit limit. It is an international credit card that finds usage across 24 million global outlets with over 3 lakh of them within India. The card also offers attractive reward points against money spent and the same are redeemable later.
Here are some of the most important features of this card:
|Maximum Credit Limit Allowed||The card allows a maximum credit limit of up-to 500,000|
|Joining time fee||2999|
The card offers 2 reward points for every 100 rupees spent, which is equivalent to 0.25 paisa.
There are 5 X bonus reward points for money spent on international purchases, departmental store buys, and dining.
|Waiver of Fuel Surcharge||With the Federal Bank VISA Platinum Card, one is exempt from paying the 1% fuel surcharge for fuel bought worth a minimum of 500 to maximum 4000 per statement. The maximum surcharge waiver is capped at 250 per statement.|
|Special Offers on the credit card|
Customers can earn up to 500 reward points simply by making use of the card for a shopping worth 1000 and above within 30 days of card issuance.
You get a complimentary membership to the largest Airport Lounge Access Program in the world - the Priority Pass Program.
With this card, you also get access to over 300 golf courses world over with a discount of 30% on the green fee.
|Gift at Joining||You get a gift voucher of 3000 rupees from the bank's partner merchants.|
|Milestone Rewards||Upon completion of 4 lakh to 5 lakh spends users get milestone rewards such as a free air ticket or gift vouchers etc.|
|Travel Discounts||You can avail several discount deals on hotel bookings and travel across India.|
Additional Reading: Cibil score check free online by pan number
Here are some important terms and conditions to remember with respect to the Federal Bank Credit Cards -
Here is a list of rewards you get from the Federal Bank -
|Reward/Offer||Federal Bank SBI - VISA Gold 'N More||Federal Bank SBI VISA Platinum|
|Reward Points||Normal category - Avail the possibility to earn maximum 60000 pa reward points where 1 point is earned on every 100 rupees spent.|
Avail the possibility to earn maximum 40000 pa reward points under the 5 X rewards category every year. Applicable on dining and supermarket purchases.
2 points are earned on every 100 rupees spent.
Fuel transactions are not covered under these rewards
|Accelerated category spends - Avail the possibility to earn maximum 78000 pa reward points under the 10 X rewards category.|
|Extravaganza Offer - you can earn up to 2000 points in rewards if you spend 2000 in 60 days of receiving your card.|
|Bonus Spend Rewards||Spend 4 lakhs to 5 lakhs on your card and avail an e-gift voucher of 3000 from brands like ? Bata/Hush Puppies, Yatra.com, Westside, Shopper?s Stop, Marks and Spencer.|
|Exclusive restraint offers|
Marriott - get 10% discount on fine dining at The Marriott Hotels across India
· Ginger - get 15% discount at all Ginger Hotels across India on the day's best available rate.
|Lounge Access||· Get complimentary Priority Pass Program membership allowing access to 300 worldwide executive lounges irrespective of your airline /class. This is applicable o the standard membership of the priority pass only, other than that for every usage, $27 are charged to your card.|
|Car rental offers|
· Save 10% on self-driven/chauffer driven rented vehicles from the Hertz Car Rental.
Save 20% on Avis rentals that qualify for the program.
|Offers on travel and bookings|
75% discount at over 55000 hotels across the world.
Special discounts in resorts at some specified locations.
Special promotions on hotel bookings for a pacific vacation across destinations such as FIJI, Melbourne, Sydney, Perth etc.
|Fraud Liability Cover||You get a complimentary cover of up to 1 lakh for credit card fraud. The period of loss cover is 48 hours before loss reporting and 7 days after reporting of loss.|
|Fuel Surcharge Waiver||Get a waiver of 1% on the fuel surcharge you pay on a purchase of fuel worth a minimum of 500 to a maximum of 4000. The offer holds good across all petrol pumps.||Get a waiver of 1% on the fuel surcharge you pay on a purchase of fuel worth a minimum of 500 to a maximum of 4000. The offer holds good across all petrol pumps. The maximum waiver value is 250 per month per account.|
|Gift Vouchers||Anniversary Gift - If your total spends in the first year cross 100000, your annual fee from the second year onwards will be waived off completely.|
Welcome Gift - Once you pay your annual fee on the card you get an e-gift voucher worth 3000 valid for spending on brands such as - Bata/Hush Puppies, Yatra.com, Westside, and Shopper?s Stop, Marks & Spencer.
Anniversary Gift -Whenever you spend 2 lakhs on your credit card in a given year, followed by paying your annual fee for the next year, you get an anniversary voucher worth 3000 applicable on brands mentioned as above.
|Name of card||Annual Fee||Renewal Fee||Add-on Fee|
|Federal Bank SBI - VISA Gold 'N More||499||499||Nil|
|Federal Bank SBI VISA Platinum||2999||2999||Nil|
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|Type of charge||Amount for Federal Bank SBI VISA Platinum|
|Finance Charges||3.35%/month which is 40.2%/annum, calculated from the transaction date|
|Minimum Amount Due||5% of outstanding amount per month which is at least 200+EMI+Taxes+OVL if any|
|Cash Advance Fee|
2.5% (or min 300) of the transaction amount at SBI/other Indian ATMs
3% (or min 300) of the transaction amount at International ATMs
|Cheque Pickup Charges||100|
|Fee on Payment Dishonor||Min 450 to Max. 2% of the amount dishonored|
|Statement Retrieval Charges||100 for every statement which is over two months old|
Late Payment Charges For -
Amount due 0 to 200
Amount due 200 to 500
Amount due 500 to 1000
Amount due 1000 to 10000
Amount due 10000 to 25000
Amount due more than 25000
|Over limit Charges||Min 500 or 2.5% of the amount over limit|
Card Replacement charges Regular
Card Replacement charges emergency when aboard
|Transactions related to foreign currency||Conversion fee ? 3.5%|
|Rewards redemption charges||99|
|Charges on usage of priority pass at Airport Lounges|
$27 per visit + Taxes
Same for all guests of the card holder
|Fee on cash payment||100|
Booking of railway tickets from the counters
Booking of railway tickets from the website
30 + 2.5% charged on transaction amount
1.8% charged on transaction amount + taxes
Here are some ways to apply for the Federal bank Credit Card. However, it is available only for the bank's select customers.
Applying at the branch: In order to apply for the Federal bank credit cards customers must contact the nearest Federal bank branch.
Applying online: Alternatively you can log into the associated bank website - www.sbicard.com for further assistance or call the customer care helpline number given below for help. Here are the steps to apply through www.sbicard.com:
Applying Through MyMoneyMantra: If you want to apply for your Federal Bank Credit Card through MyMoneyMantra follow the steps given below ?
Additional Reading: How to improve cibil score immediately?
Here are the eligibility criteria to apply for a Federal Bank SBI Credit Card ?
Here is a list of documents required to apply for any of the Federal Bank SBI Credit Cards:
Your credit card bills are generated on a monthly basis. You must make the payment of the same before the due date so that there is no late fee. can make your Federal Bank SBI Credit Card bill payment through the following means:
Additional Reading: Top Credit rating agencies in India
For any kind of assistance related to your Federal bank SBI credit cards you can either call do any of the following -
Know how good your score is
Get insights on how to improve it
Unlock offers as per your score
Earn max rewards & redeem for cash back, value back offers, discounts & exclusive deals.
In order to avail the 0% fuel surcharge offer on your federal bank credit card you must use the card at any petrol filling station to buy fuel or lubricants. It is important to remember that per month you can avail only 100 worth of surcharge waiver (applicable on transactions of 500 - 3000) on the Gold N More card. However, the Platinum card brings you a waiver of 250 per month at max, applicable on transactions of 500 - 4000 in a month.
Federal bank offers the VbV service to all its credit card customers, collaborating with VISA so that customers are able to do online shopping through their existing VISA debit cards only, in a secure and safe manner.
No, it is possible to register for this facility even using the existing VISA card. However, you must make sure that the CVV number of your existing card is still valid and has not expired.
No this service is available free of cost to all Federal Bank customers.
Yes you can easily avail overdraft facility on your Federal bank Credit Cards. You can order the overdraft through a simple phone call to the customer helpline of SBI cards and the money will get charged to the Federal bank SBI credit card you specify, while you are free to use that money as you wish to.
A CVV number is the three-digit number that is inscribed at the signature panel on the back of your card. It is the last three digits on the extreme right hand side on the panel.
Yes, the VISA Platinum card offers a maximum of 5 lakhs credit limit, whereas the VISA Gold ?N More card offers up to 1.75 lakh.
At present, the Federal bank is charging an interest rate of 3.35% per month on its credit cards. However, credit through its cards is an unsecured loan and that is why the bank interest rates on credit card loans is not fixed. Based on your repayment patterns as well as spending habits this percentage may increase as well. Especially someone who is a habitual defaulter may experience higher interest rates than other customers.