Federal Bank
Cashback
Get 10% cashback (up to ₹200) on your first 5 UPI spends within 30 days of card issuance.
Reward Points
Earn 1 reward point per ₹200 spent and redeem for exciting benefits and extra value.
Welcome benefits:- N/A
Check your eligibility For This Card
The Federal RuPay Wave Credit Card is an add-on card linked to your primary Federal Bank Credit Card, sharing the same credit limit. Designed exclusively for existing cardholders, this card lets you earn up to 10% cashback on UPI transactions, along with a base reward rate of 1 point per Rs. 200 spent. You can also earn bonus reward points through milestone benefits. While it offers basic perks like cashback and reward points, it is an ideal option for those who want to extend their existing credit limit and maximize their rewards.
The Federal RuPay Wave Credit Card is an add-on card that shares the same credit limit as your primary Federal Bank credit card. It makes UPI payments more rewarding by offering cashback and other benefits on your purchases. This card is simple to use and adds extra value to your transactions.
| Type of Fee/ Charge | Amount |
| Joining Fee | Nil |
| Annual Fee | Nil |
| Finance Charges | 0.69% p.m. (8.28% p.a.) – 3.75% p.m. (45% p.a.) |
| Late Payment Fee | For Statement Balance: Up to Rs. 250: Nil Between Rs. 251 and Rs. 1,000: Rs. 250 Between Rs. 1,001 and Rs. 5,000: Rs. 500 Between Rs. 5,001 and Rs. 25,000: Rs. 1,000 Above Rs. 25,001: Rs. 1,250 |
Everything you need to know about this credit card
Yes, transactions made through your RuPay Wave Credit Card on UPI apps are eligible for reward points and cashback, just like your primary card.
The RuPay Wave Credit Card is an additional/floater credit card issued to existing primary Federal Bank cardholders. It is part of the RuPay network and allows you to link to UPI apps, earn rewards, and receive cashback on UPI transactions. It provides a convenient and seamless way to make payments while leveraging your existing credit limit.
Only existing MasterCard or Visa Federal Bank credit cardholders are eligible. You can apply easily via the FedMobile app in just a few steps.
The RuPay Wave Credit Card shares the same credit limit as your primary card. For example, if your Visa Signet, Imperio, or Celesta card has a limit of Rs. X, your RuPay Wave card will also have the same limit.
Yes, all transactions made using the RuPay Wave Credit Card are reflected in the statement of your primary credit card.
