Federal Bank RuPay Wave Credit Card
- Joining fee
Nil
- Annual fee
Nil
- Best suited for
Shopping
- Reward type
Reward Points
Rewards
- Rewards rate
1 Reward Point Per ₹200 Spent
- Welcome benefits
10% Cashback on First Five UPI Spends
- Reward redemption
Redeem for Vouchers and Other Options
Fees & charges
- Rewards redemption fee
₹99
- Foreign currency markup
3.5%
- Interest rates
41.88% Yearly (3.49% Per Month)
Product highlights
- This floater card is available on the RuPay variant and can be easily linked to UPI apps.
- Earn 1 Reward Point on each spend of ₹200 with this card.
- The Federal Wave Card offers 1,000 bonus reward points on quarterly spends of ₹50,000.
- This card comes with a shared limit (other existing Federal Cards).
Pros & cons
Pros
- With this card you can make easy UPI payments and get rewarded for the same.
Cons
- This card has a shared limit that is also used by other Federal Bank Credit Cards.
FAQs
What will be the limit of my Federal Bank Wave Credit Card?
The Federal Bank Wave Card comes with a shared limit. This limit would be shared with existing Visa/Mastercard Federal Bank Credit Cards.
How much fee does this card charge?
This is a lifetime free credit card that can be availed at zero joining and annual charges.