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Federal Bank
Federal Bank Paisabazaar Paisaback Credit Card
Shopping
Cashback
1st Year Fee: ₹500* Plus Applicable Taxes
Grocery
7.5% savings on grocery spends
Cashback
Up to 1,000 CashPoints every month
Fee Waiver
Fee waived on Rs. 1.5 lakh annual spends
UNLIMITED* & FREE
Airport Lounge Access
Limited Time Offer
Limited Time Offer
7.5% CashPoints on Grocery Spends
Applications for Federal Paisaback Card Will Start Soon
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About Federal Bank Paisabazaar Paisaback Credit Card
Federal Bank Paisabazaar Paisaback Credit Card is a cashback card designed for everyday spending, offering 7.5% value-back on grocery purchases made across popular platforms. In addition, it also provides a 1% cashback across all other online and offline spends, and supports UPI transactions as a RuPay credit card. It provides a hassle-free value-back system through cashback where the cashback is credited as CashPoints to the in-app wallet on Paisabazaar app, redeemable in 1:1 ratio. It comes at a minimal annual fee, which can be waived upon meeting an annual spending threshold of Rs. 1.5 lakh. These features make this card a noteworthy option for those seeking a low-fee RuPay card with considerable value-back on an essential recurring everyday spend like grocery.
Cashback and Other Card Benefits
This Federal Bank Credit Card comes with the following cashback and waiver benefits on the card spends:
Cashback Benefits
- 7.5% CashPoints on all eligible grocery spends, including spends made on popular platforms like Reliance Fresh, DMart, LuLu Hypermarket, Blinkit, Zepto, Swiggy Instamart, BigBasket and Flipkart Minutes
- 1% CashPoints on all other eligible POS and e-commerce spends1
- 0.5% CashPoints on eligible UPI transactions above Rs. 2,000, except grocery, fuel and travel category spends
- Capping: Cashback earnings are capped at 1,000 CashPoints per month, credited to your in-app wallet
- Redemption: 1 CashPoint = Rs. 1, redeemable within 1 year from their accrual
Other Features & Benefits
- Fee Waiver: Annual fee waived on reaching Rs. 1.5 lakh annual spends
- Fuel Surcharge Waiver: Fuel surcharge waiver up to Rs. 100 per month
Federal Paisaback Credit Card: Fees and Charges
| Particulars | Amount | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining/Annual Fee | Rs. 500 + Applicable Taxes | ||||||||||||||||
| Finance Charges | 45% per annum (3.75% per month) from date of transaction | ||||||||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get This Card If:
You want a card to maximise your savings on grocery spends, including those made across leading platforms
You prefer a credit card that offers cashback, instead of reward points, with a hassle-free redemption process
You are looking for a card with low annual fee and easily achievable fee waiver condition
You want a RuPay credit card to save on your UPI transactions
Paisabazaar Review
What do we like about this card?
Federal Bank Paisabazaar Paisaback Credit Card comes with a great value-back of 7.5% on grocery spends, thus covering a major recurring household expense. Moreover, this accelerated value-back rate also covers grocery spends made through leading platforms like Blinkit, Swiggy Instamart and many more. Spends beyond groceries accrue 1% CashPoints, while UPI spends earn 0.5% back. This cashback credit card comes at a low annual fee which can further be waived off by merely spending Rs. 1.5 lakh annually which even a low spender can achieve easily.
Pros
- Up to 7.5% value-back on grocery spends
- Very low spending condition for annual fee waiver
- Cashback earnings are not limited to certain brands, platforms or merchants
- Up to Rs. 12,000 savings annually in the form of CashPoints
Cons
- CashPoints on UPI spends only available on transactions above Rs. 2,000
Frequently Asked Questions
Everything you need to know about this credit card
You can apply for Paisaback Federal Credit Card on the Paisabazaar app through a fully digital application process. Once the onboarding is succeeful, a virtual credit card is issued instantly and is accessible on the Paisabazaar app under My Product section, while the physical card is delivered to your communication address within 7 to 10 business days.
Federal Paisaback Credit Card offers 0.5% cashback as CashPoints on UPI transactions worth above Rs. 2,000. However, this 0.5% cashback is not applicable on UPI transactions made towards fuel, grocery and travel category spends.
Federal Bank Paisaback Credit Card comes with a joining and annual fee of Rs. 500 + GST. However, if you wish to get this card for free you can get its annual fee waived by meeting the Rs. 1.5 lakh annual spend milestone.
You earn cashback in the form of CashPoints on eligible spends using Federal Bank Paisabazaar Paisaback Credit Card which must be redeemed within 1 year of accrual. The CashPoints expire after 1 year of accrual, if not redeemed.
You can earn cashback worth up to Rs. 1,000 every month using Federal Paisabazaar Paisaback Credit Card. So, you can earn up to Rs. 12,000 cashback every year using this card across spending categories, including UPI transactions.
Federal Paisabazaar Paisaback Credit Card is suitable for those looking for a credit card on RuPay network with minimal annual fee and wish to maximize their savings on grocery spends.
Each CashPoint earned on spends made using Federal Bank Paisaback Credit Card equals Rs. 1 in value. So, you can redeem CashPoints as cashback in 1:1 redemption ratio.
Customers need a valid PAN card and Aadhaar card linked to their mobile number while applying for this card. No physical documents are required as the Federal Paisaback application process is completely digital.
Footnotes
- Payments made towards wallet loading, fuel, jewellery, EMI conversions, rent, utility bills, insurance premiums, education, government services, hospitals, tolls, telecom equipment, railway transactions, UPI transactions below Rs. 2,000 and automotive shops are not going to accrue any cashback.
Click here to know More Terms and Conditions
Lepakshi Phogat
Lepakshi is a content writer specialising in personal finance and credit cards. She translates complex financial concepts into practical advice, helping readers make informed financial decisions. Whether it is helping them choose the right credit card or offering strategies to build their credit score, she writes to make personal finance less intimidating and more empowering.
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