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rupaybasiccredit
Federal Bank RuPay Wave Credit Card
Federal Bank
shopping
Annual Fee
FREE
Joining Fee
Nil
Base Reward
0.5% points
Foreign Markup
3.5%
Interest Rate
41.88%
Welcome Benefits
10% Cashback on First Five UPI Spends
Product Highlights
- Easy linking to UPI apps
- Lifetime free credit card
Rewards
Earn 1 Reward Point for every ₹200 spent using this card. Get 10% cashback on the first five UPI transactions made with the Federal RuPay Wave Card.
Redemption
Redeem for Vouchers and Other Options
Category Rewards
| Category | Reward Rate | Monthly Cap |
|---|---|---|
other | 0.5%(1 Reward Point Per ₹200 Spent) | No cap |
Benefits & Features
1,000 bonus reward points on spending ₹50,000 or more in a quarter.
Fees & Charges
Annual FeeFREE
Joining FeeNil
Foreign Markup3.5%
Interest Rate41.88%
Redemption Fee₹99
Eligibility
Available Networks
rupay
Pros & Cons
Pros
- Easy UPI payments
- 10% cashback on first five UPI transactions
Cons
- Shared limit with other Federal Bank Credit Cards