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Credit Card

Federal Bank a leading private sector bank in India based out of the state of Kerala with its branches and ATMs located across the major states and cities across India. The bank operates across key segments like- personal, NRI, SME-business, corporate and Agricultural banking segments. In personal Banking under Card segments they are providing various cards like debit card, credit card, gift cards and travel cards.

Federal Bank offers Credit cards which are jointly sponsored by federal bank and State bank of India in association with VISA. These Federal Bank credit cards are internationally accepted and can be used at different Point-of-Sale terminal (POS) and various e-commerce websites across the world, for payment and shopping purpose.The Federal Bank interest rate on credit cards is also competitive. There are so many banks offering credit cards nowadays. But Federal Bank is providing best services in this sector. As they are providing chip based credit card which is very safe to use and can save you from various online transaction fraud. We are reading so many cases these days where the customer generally complaint of wrong statement. After inspection it is got to know that it is due to the mistake of the financial institution or somebody else has fraudulently used their card. This creates lots of problem for the customer and wastes his precious time. Therefore it is very important on the customers’ part to take the credit cards from the best service providers only. Federal bank is number one bank in Kerala and is associated with SBI the number one bank of India for providing its credit card services.

Federal Bank offers two types of Federal Bank credit cards which are detailed below:

  1. Federal Bank SBI VISA Gold ‘N More: This Federal Bank Card is jointly sponsored by SBI and Federal Bank and the credit card offers a range of privileges & reward points. These credit cards are accepted internationally and it can be used at millions of outlets across the world. This provides you with various bonuses and reward points on every purchase. So that shopping will become more enjoyable for you. You will get petrol surcharge waiver, you can book your train tickets online, pay your bills hassle-free and also get extra discounts at various hotels and stores, and what not. In this way you are able to save more. These bonus points can be utilised further in making your outstanding payments or you can redeem it against any item of your choice from their reward catalogue. Federal Bank interest rate on credit cards is also low.                                                               

Federal bank offers the following benefits on their credit card which are:

  • Save on your fuel spend– Get waiver from fuel surcharge.
  • Save Extra on your grocery shopping– Earn Extra reward points on all your grocery shopping.
  • Enjoy Fine Dines with extra discounts and reward points– Get attractive discounts in reputed Hotel across the country.
  • Get Extra reward points on heavy transactions– Get special reward points on spending 2000 or more from your Federal Bank SBI Visa card in a single transaction.
  • Utility Bill payment facility– Just registers for this service and your entire bill payments will be take care by your Credit Card Company.

Some of the key features of the Federal Bank credit cards are as follows:

  • The Federal Bank credit cards provide maximum credit limit up to 1.75 Lakh with a nominal joining fees of Rs 499/- only and 2nd year onwards annual fees is waived offif expenses in previous year is greater than Rs. 75000.
  • 1 reward point for every Rs 100 spent on the card. One reward point is equivalent to 25 paisa. These accumulated bonus points can be redeemed either in making the outstanding payment or you can purchase any item of your choice from their Federal Bank rewards catalogue.This effectively reduces the cost of product.
  • Get up to 2.5% cash back in the form of reward points on your daily grocery shopping. Now grocery shopping is no more a burden and makes your shopping pocket friendly.In this way you are able to save up to Rs 2000 on yearly basis.
  • You will also get Bonus reward points whenever you go for a fine dines in any hotels across the country. So get ready to impress your partner and plan a romantic dinner for her.
  • You will get waiver of 2.5% fuel surcharge on purchase of fuel from any petrol pump countrywide. For that you need to purchase the fuels ranging from Rs 500- Rs.3000. Maximum waiver surcharge of Rs. 100 per month is allowed. You will be able to save up to Rs 1200 per year.
  • As a special offer you will earn the extra reward point of 2000, on your single transaction of Rs 2000 within 60 days after joining. In this way you will get back more than your joining fee and your joining will be free.
  • You can repay the credit amount in instalments, at your ease. And can carry forward the remaining amount for next billing cycle. Means if you are not able to pay your credit amount in single cycle than you can choose plan as per your financial need and you will be able to pay your amount in instalments. And if any amount is remaining it will be transferred to your next bill cycle.
  • Facility of Ad-on Federal Bank Credit cards is also provided for your family members. It’s not possible for you to be with your family members all the time, so if in your absence they want to go for shopping, they need not to wait for your credit card. You can opt for Ad-on Federal Bank Credit cards for your wife, children or anybody else in your direct family whose age is 18 yrs or more.
  • Just register to their Utility Bill Payment facility and no need to worry about the payment of your bills (insurance, telephone, electricity etc) before due date.Federal Bank SBI card will be life saver for thosewho forget to pay their utility bills on time due to lack of time or work load, results in surcharge/penalty. You will able to save this money because hence forth this would be taken care by your credit card.
  • You can access hundreds of merchants on your smart phone and can make payment with your Federal Bank SBI card.It’s very safe.
  • You are also liable for short term loans if needed. In case of any emergency you can avail a short term loan.
  • You can also withdraw cash from over a million of ATM’s which accepts VISA/Master card all over the world.
  • They are providing flexibility by offering smart payment options like- online payment, OTC, NEFT payment, by visa credit card, by cash. So now you can make the payment from anywhere and through any method.
  • Balance transfer facility is also available. You can transfer the balance of another credit card to your Federal Bank SBI card and enjoy more shopping and rewards.
  • Electronic Statements: – To avoid the postal delays and chances of mislay, they provide the E -statements direct to your inbox.
  • Mobile Alerts: – They will constantly update you with all the information regarding your credit card through SMS alert.
  • Online transaction Security: All your online transaction will be confirmed and verified by VISA/Master card security code, OTP and instant transaction alert.
  • You would be able to manage your Federal Bank SBI card online. You can generate online account statements for past 12 months, able to request for duplicate statements etc.
  • With the feature like “Spend Analyser” you can easily look at your spend and take action accordingly. You will get to know how much did you spend in which segment and can plan your expenses.
  • Few latest credit card Offers:
  • If you shop using Flipkart Mobile app you will get 10% discount.
  • If you book domestic flight ticket through Yatra.com (or mobile app) you will get up to Rs. 1000 off.
  • If you shop for Rs 7500 or more on Snapdeal you will get 10% cash back.
  • Now you can also avail good discounts on your booking of flights, hotels, or holiday bookings through Thomascook.com
  • You can also avail various hot deals provided by SBI card.
  • For more exclusive services, you just visit paisabazaar.com and you can manage your Federal Bank SBI VISA credit card online.
  • How to apply for a Federal Bank Credit Card– At present selected customers of selected branches of Federal Bank are eligible for Federal Bank SBI VISA credit card.
  • They provide you with 24*7 customer services so that the customer will get the instant solution of their problem as and when they want.
  1. Federal Bank SBI Visa Platinum Credit Card: This is an international credit card which can be used worldwide. These Federal Bank credit cards are jointly sponsored by SBI and Federal Bank along with Visa.The credit card interest rates are low.                                                                                                               

Federal bank offers some great benefits on the Federal Bank credit card which are as follows:

  • Save on your fuel spend– Get waiver from fuel surcharge.
  • Save Extra on your grocery shopping– Earn Extra reward points on all your grocery shopping.
  • Enjoy Fine Dines with extra discounts and reward points– Get attractive discounts in reputed Hotel across the country.
  • Get Extra reward points on heavy transactions– Get special reward points on spending 2000 or more from your Federal Bank SBI Visa card in a single transaction.
  • Access to Airport Lounge-You can get complimentary access to executive Lounges at selected Airports across the world.
  • Access to One of the best Golf courses across the world– Enjoy the right of entry into the finest green ranges across the world.
  • Free Air Tickets & gift Vouchers– You will be rewarded with Free Air tickets and gift Vouchers on your yearly spending.
  • Attractive discounts while you travel– Enjoy attractive discounts on Car rents, Hotels, Resorts while you are on your holidays anywhere in the world.
  • Fraud Insurance- You will get a fraud cover of up to Rs.100000

Some of the key features of these Federal Bank credit cards are as under:

  • These Federal Bank credit cards provide maximum credit limit up to5 Lakh with a nominal joining fees of Rs 2999/- only and you will get a gift voucher worth Rs. 3000 as Welcome Gift. This makes your joining free of cost.
  • You will be rewarded with 2 points for every Rs 100 spent on the card. One reward point is equivalent to 25 paisa.You can save more on every expense.
  • Get additionalFederal Bank rewards points on all the bills of groceries, dining and international expenses.          
  • Earn 500 reward points on every single purchase of Rs.1000 and more within 30 days.
  • Cash advance is also allowed which is granted up to 80% of the credit limit
  • On purchase of fuel ranging from Rs 500- Rs.4000, you will get waiver of 2.5% fuel surcharge. Maximum waiver surcharge of Rs. 250 per month.
  • You can redeem all your reward points for making outstanding balance or you can pick any item from their reward catalogue.
  • If you spend more than 4-5 lakhs in a year you are eligible for free one way air ticket from Indigo Airlines or gift vouchers worth Rs 3000.These days average spend on household is Rs 20000 to Rs. 30000. If this payment is made through credit card your average annual expenditure will be around 4 lakh. Hence you will be eligible for Air ticket or gift voucher of Rs 3000.
  • You will get 75% discounts in more than 50000 hotels across the world. This is one of the best facilities for foodies and for people who are constantly on tour to various places.
  • You will get special discounts at your resort lodgings at various place worldwide like- Bali, Lombok, samui, kenting etc. People who love to travel to various places will get a good discount by making payments through Federal Bank SBI Card, and from this saving they would be able to visit more place.
  • As per special Hotel promotion Schemes you can plan your vacation to various pacific locations like Fiji, Sydney, Melbourne, golden coast etc with your visa platinum card.
  • As per their Hertz Car Rental program you will get a 10% discount on chauffeur-driven or self driven rental cars. Also get 20% off after qualifying rental from Avis. So enjoy your travel and Holidays & experience the world class services.
  • With your Federal Bank SBI Visa platinum card you will get complimentary membership to the priority pass program and you can enjoy the access at more than 300 airport lounge across the world. Take the pleasure of luxury and enjoy hot meals, alcoholic and non alcoholic drinks, free Wi-Fi, and lots more at the executive lounges of selected Airports. You will get two complimentary accesses to lounges on quarterly basis, after showing your Boarding Pass and Platinum Credit card.
  • With this card you can get access to finest golf courses globally and also get 25% off on their green fee. You can now tee off at leading golf courses at leading destinations Australia, Bahamas, Brunei, China, England and France.
  • You will get 10% privilege discounts on dining bills of Marriot & 15% at Ginger Hotels across the country for limited period. Now you and your family can enjoy the nice food at exotic places at discounted price.
  • Get a Fraud Liability Cover of up to Rs. 100,000 with a loss cover period of 48 days prior to and 7 days post of lost report.
  • They assure you to provide with the emergency card replacement within 3 days in case you have lost your card anywhere in the world. This will give you peace of mind.
  • Electronic Statements: – To avoid the postal delays and chances of mislay, they provide the E -statements direct to your inbox. This is go green initiative by bank which will save trees. This initiative also ensures secrecy of your details as the statement is not printed and it eliminates the risk of sharing your personal details as statement is directly mailed to your inbox.
  • Mobile Alerts: – They will constantly update you with all the information regarding your credit card through SMS alert.  By way of this facility bank not only send details regarding your transactions, mini statement, due date of payment, OTP but also give you information regarding various offers launched by the bank.  
  • Online transaction Security: All your online transaction will be confirmed and verified by VISA/Master card security code, OTP and instant transaction alert. This is of great help because it ensures that the person who is making the transaction is the one to whom this card has issued. As one time password (OTP) is sent on the registered number of the card holder. Also OTP is valid only for one transaction and if it is not used within 30 min, this OTP expires and one needs to regenerate the OTP for making the payment. Usually OTP is generated automatically and sent to the registered mobile number when we try to make the credit card payment but if we didn’t received the OTP there is number which will be provided from where we can send the sms and ask for OTP.
  • Apart from all the above benefits they provide you with 24*7 customer service.
  • How to apply for a Federal Bank Credit Card– At present selected customers of selected branches of Federal Bank are eligible for Federal Bank Sbi credit card.
  • Few latest credit card Offers:
  • If you shop using Flipkart Mobile app you will get 10% discount.
  • If you book domestic flight ticket through Yatra.com (or mobile app) you will get up to Rs. 1000 off.
  • If you shop for Rs 7500 or more on snapdeal you will get 10% cash back.
  • Now you can also avail good discounts on your booking of flights, hotels, or holiday bookings through Thomascook.com
  • You can also avail various hot deals provided by SBI card.

 

You can manage your Federal Bank SBI VISA Platinum credit cardonline. You will be able to-

  • Generate card statement for last one year.
  • With the help of spend analyser to can look over your spending.
  • Request for duplicate statement can be made.

Fees and Charges for the Federal Bank Credit Cards

Along with credit card interest rates payable on default, other charges are also payable which are mentioned below:

 

Nature of fee/charge

Federal Bank SBI VISA Gold ‘N More

Federal Bank SBI Visa Platinum Credit Card

Joining Fee (one-time)

Rs.499 against which reward points worth Rs.499 are given on the first spend using the card

Rs.2999 against which the card promises a welcome benefit of Rs.2999 making the card free

Annual Fee payable every year

Rs.499 which is waived if the spending in the last year is more than Rs.75, 000

Rs.2999 which is waived if the previous year’s spending on the card is more than Rs.2 lakhs

Add-on fee payable every year

Nil

Nil

Finance Charges or Federal Bank Rate of Interest

3.35% per month or 40.20% per annum

3.35% per month or 40.20% per annum

Minimum Amount Due

5% of the outstanding bill with a minimum of Rs.200

5% of  outstanding bill along with a minimum  amount of Rs.200

Cash Advance Limit

Up to 80% of the credit limit allowed under the card with a maximum of Rs.12, 000 per day

Up to 80% of the allowed credit limit with a maximum of Rs.15, 000 per day

Free credit period

Nil

Nil

Cash advance fee at ATMs

2.5% for domestic ATMs and Rs.300 at international ATMs or Rs.300 whichever is higher as per each transaction

Higher of 2.5% of the withdrawal amount or Rs.300 at any ATM

Surcharges

Railway tickets booked through the counter – Rs.30+2.5% of the transaction amount

Tickets booked online – 1.8% of the transaction amount and applicable taxes

Railway tickets booked through the counter – Rs.30+2.5% of the transaction amount

Tickets booked online – 1.8% of the transaction amount and applicable taxes

Fuel Surcharge

2.5% for each transaction ranging from Rs.500 to Rs.3000 and applicable taxes. The maximum waiver per credit card statement billing cycle would be limited to Rs.100

2.5% for each transaction ranging from Rs.500 to Rs.4000 and applicable taxes. The maximum waiver per credit card statement billing cycle would be limited to Rs.250

Federal Bank SBI Visa Platinum Credit Card

This is an international credit card which can be used worldwide. These cards are jointly sponsored by SBI and Federal Bank along with Visa.

Some of the main benefits of these cards are as follows:
 

  • Save on your fuel spend- Get waiver from fuel surcharge.
  • Save Extra on your grocery shopping- Earn Extra reward points on all your grocery shopping.
  • Enjoy Fine Dines with extra discounts and reward points- Get attractive discounts in reputed Hotel across the country.
  • Get Extra reward points on heavy transactions- Get special reward points on spending 2000 or more from your Federal Bank SBI Visa card in a single transaction.
  • Access to Airport Lounge- You can get complimentary access to executive Lounges at selected Airports across the world.
  • Access to One of the best Golf courses across the world- Enjoy the right of entry to the finest Golf Courses of this planet.
  • Free Air Tickets & gift Vouchers- You will be rewarded with Free Air tickets and gift Vouchers on your yearly spending.
  • Attractive discounts while you travel- Enjoy attractive discounts on Car rents, Hotels, Resorts while you are on your holidays anywhere in the world.
  • Fraud Insurance- You will get a fraud cover of up to Rs.100000

Some of the key features of these cards are as under:

  • These cards provide maximum credit limit up to5 Lakh with a nominal joining fees of Rs 2999/- only and you will get a gift voucher worth Rs. 3000 as Welcome Gift. This makes your joining free of cost.
  • You will be rewarded with 2 points for every Rs 100 spent on the card. One reward point is equivalent to 25 paisa. You can save more on every expense.
  • Get additional rewards points on all the bills of groceries, dining and international expenses.     
  • Earn 500 reward points on every single purchase of Rs.1000 and more within 30 days.
  •  On purchase of fuel ranging from Rs 500- Rs.4000, you will get waiver of 2.5% fuel surcharge. Maximum waiver surcharge of Rs. 250 per month.
  • You can redeem all your reward points for making outstanding balance or you can pick any item from their reward catalogue.
  • If you spend more than 4-5 lakhs in a year you are eligible for free one way air ticket from Indigo Airlines or gift vouchers worth Rs 3000. These days average spend on household is Rs 20000 to Rs. 30000. If this payment is made through credit card your average annual expenditure will be around 4 lakh. Hence you will be eligible for Air ticket or gift voucher of Rs 3000.
  • You will get 75% discounts in more than 50000 hotels across the world. This is one of the best facilities for foodies and for people who are constantly on tour to various places.
  • You will get special discounts at your resort lodgings at various place worldwide like- Bali, Lombok, samui, kenting etc. People who love to travel to various places will get a good discount by making payments through Federal Bank SBI Card, and from this saving they would be able to visit more place.
  • As per special Hotel promotion Schemes you can plan your vacation to various pacific locations like Fiji, Sydney, Melbourne, golden coast etc with your visa platinum card.
  • As per their Hertz Car Rental program you will get a 10% discount on chauffeur-driven or self driven rental cars. Also get 20% off after qualifying rental from Avis. So enjoy your travel and Holidays & experience the world class services.
  • With your Federal Bank SBI Visa platinum card you will get complimentary membership to the priority pass program and you can enjoy the access at more than 300 airport lounge across the world. Take the pleasure of luxury and enjoy hot meals, alcoholic and non alcoholic drinks, free Wi-Fi, and lots more at the executive lounges of selected Airports. You will get two complimentary accesses to lounges on quarterly basis, after showing your Boarding Pass and Platinum Credit card.
  • With this card you can get access to finest golf courses globally and also get 25% off on their green fee. You can now tee off at the esteemed golf courses like – Hope Island Resort Golf Club, Gold Coat- Australia, Cable Beach Golf Club, Nassau- Bahamas, Royal Brunie Golf & Country Club-Brunie, Beijing Willow Golf Club, Beijing- China, Oakmere Park Golf Club, Nottinghan- England, Golf du Gouverneur, Monthieux- France.
  • You will get 10 % privilege discounts on dining bills of Marriot & 15% at Ginger hotels across the country for limited period. Now you and your family can enjoy the nice food at exotic places at discounted price.
  • Get a Fraud Liability Cover of up to Rs. 100000 with a loss cover period of 48 days prior to and 7 days post of lost report.
  • They assure you to provide with the emergency card replacement within 3 days in case you have lost your card anywhere in the world. This will give you peace of mind.
  • Electronic Statements: - To avoid the postal delays and chances of mislay, they provide the E -statements direct to your inbox. This is go green initiative by bank which will save trees. This initiative also ensures secrecy of your details as the statement is not printed and it eliminates the risk of sharing your personal details as statement is directly mailed to your inbox.
  • Mobile Alerts: - They will constantly update you with all the information regarding your credit card through SMS alert.  By way of this facility bank not only send details regarding your transactions, mini statement, due date of payment, OTP but also give you information regarding various offers launched by the bank.  
  • Online transaction Security: All your online transaction will be confirmed and verified by VISA/Master card security code, OTP and instant transaction alert. This is of great help because it ensures that the person who is making the transaction is the one to whom this card has issued. As one time password (OTP) is sent on the registered number of the card holder. Also OTP is valid only for one transaction and if it is not used within 30 min, this OTP expires and one needs to regenerate the OTP for making the payment. Usually OTP is generated automatically and sent to the registered mobile number when we try to make the payment but if we didn’t received the OTP there is number which will be provided from where we can send the sms and ask for OTP.   
  • Apart from all the above benefits they provide you with 24*7 customer service.
  • How can apply- At present selected customers of selected branches are eligible for Federal Bank Sbi credit card.
  • Few latest Offers:
  • If you shop using Flipkart Mobile app you will get 10% discount.
  • If you book domestic flight ticket through Yatra.com (or mobile app) you will get up to Rs. 1000 off.
  • If you shop for Rs 7500 or more on snapdeal you will get 10% cash back.
  • Now you can also avail good discounts on your booking of flights, hotels, or holiday bookings through Thomascook.com
  • You can also avail various hot deals provided by SBI card


For more exclusive services, you just visit their website- www.sbicard.com and you can manage your Federal Bank SBI VISA Platinum credit card online. You will be able to-

  • Generate card statement for last one year.
  • With the help of spend analyser to can look over your spending.
  • Request for duplicate statement can be made.
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