Federal Bank RuPay Credit Card: Top Features & Benefits

Key Takeaways:
 

• The card comes with low joining and annual fees, making it a budget-friendly choice compared to many other credit cards.
   
• Regular spending on the card helps earn steady cashback, leading to meaningful savings over time.
   
• Built on the RuPay network, it offers strong security and is widely accepted at merchants across India.
   
• The online application process is easy to complete, and the card integrates smoothly with UPI for fast and convenient payments.

BONUS: 36.92 CRORE RUPAY CARDS WERE ISSUED UNDER THE PM JAN DHAN YOJANA (PMJDY) SCHEME. 

Federal Bank RuPay Credit Card is a financial product enabling cashless transactions, digital rewards, and convenient payment options for cardholders.

Sanjay Menon, a 35-year-old school teacher from Kochi, decided to apply for a Federal Bank RuPay Credit Card. His annual grocery and utility expenses were around ₹1,20,000. By using the RuPay card, he earned cashback of ₹3,600 over the year, which reduced his effective expenses. 

Along with this, Sanjay also benefited from offers on online shopping worth ₹15,000, saving an additional ₹1,500. Overall, he noticed his yearly savings increased by nearly ₹5,000 without changing his lifestyle. For him, the card turned into both a spending tool and a financial planning partner.

In this blog, we will explore the Federal Bank RuPay Credit Card in detail, covering its highlights, rewards, benefits, fees, and eligibility.

The Federal Bank RuPay Credit Card is a part of India’s growing domestic digital payment ecosystem. RuPay, backed by the National Payments Corporation of India (NPCI), has gained popularity because of its secure, low-cost, and widely accepted payment system. 

The card combines Federal Bank’s service strength with RuPay’s network reach, making it ideal for middle-income groups and digital-first consumers.

Key Highlights of Federal Bank RuPay Credit Card

The Federal Bank RuPay Credit Card comes with specific features that make it suitable for day-to-day use. These highlights help customers quickly understand whether the card matches their needs.

Ravi Kumar, a 40-year-old small business owner, opted for the Federal Bank RuPay Credit Card. With a joining fee of ₹500, he compared it with his old card where he was paying ₹2,000 annually. This simple change saved him ₹1,500 in yearly charges while still giving him reward points on his purchases.

To make things clearer, here is a table showing the key highlights of the card:
 

It’s clear now that the Federal Bank RuPay Credit Card is cost-effective and rewards regular spending habits.

Benefits of Federal Bank RuPay Credit Card

The benefits of this card make it a useful tool for everyday transactions. It reduces costs, encourages digital payments, and rewards customers in multiple spending categories.

The benefits below show how customers gain real value by using the card regularly:

• Cashback on Daily Purchases: A cardholder spending ₹5,000 monthly on groceries earns cashback of ₹50, amounting to ₹600 yearly.
   
• Secure Transactions: RuPay’s domestic payment network ensures safe transactions with quick alerts, reducing risks of fraud.
   
• Partner Discounts: Shalini saved ₹2,000 annually through online shopping deals and travel offers linked to her card.
   
• Financial Discipline: Earning cashback on essentials motivates customers to track expenses and avoid overspending.

The above benefits highlight that this card is not just about spending, but also about saving effectively and building financial discipline.

Federal Bank RuPay Credit Card Cashback & Rewards

One of the strongest features of the Federal Bank RuPay Credit Card is its cashback and reward system. Customers earn points or cashback on different categories like groceries, dining, or utility bill payments. These rewards make regular spending more valuable.

The following table explains how a cardholder can earn cashback through monthly spending across various categories:
 

It is now clear that consistent usage of the card generates noticeable yearly savings, encouraging disciplined financial behaviour.

Federal Bank RuPay Credit Card Fees & Other Charges

Every credit card comes with certain fees and charges, and the Federal Bank RuPay Credit Card is no exception. These include joining fees, renewal fees, interest rates, and penalties. Understanding them helps customers avoid surprises and plan their finances better.

Here are the details related to common fees and charges that apply to this card, with examples for better understanding:
 

By reviewing these charges carefully, customers can plan their card usage in a way that avoids unnecessary costs and saves money.

Late Payment Fee Applicable on Federal Bank RuPay Credit Card

Late payment is one of the most common reasons why customers end up paying more than expected on credit cards. Federal Bank RuPay Credit Card charges a fee if the due amount is not paid on time. The charge depends on the outstanding bill amount.

The following points explain why late fees are important to track and how they impact overall expenses:

• Variable Fee Structure: Late fees range between ₹100 and ₹750 depending on the outstanding bill.
   
• Additional Interest Charges: Apart from late fees, interest is charged monthly at around 3.40%, which increases costs quickly.
   
• Impact on Credit Score: Missing payments reduces credit score. For example, Deepak’s score dropped from 772 to 748.
   
• Compounded Penalties: Repeated late payments attract compounding interest, making debt harder to manage.

These points show why it is crucial to pay bills on time to avoid financial strain and protect credit health.

Federal Bank RuPay Credit Card Pros & Cons

Every credit card has advantages as well as drawbacks. A balanced view helps customers decide if the Federal Bank RuPay Credit Card suits their needs.

The following table provides a clear comparison of the major advantages and disadvantages of this card:
 

As seen above, the card is highly beneficial for everyday Indian consumers, but it may not suit heavy international travellers or premium spenders.

Eligibility Criteria for Federal Bank RuPay Credit Card

Eligibility criteria are important because they decide who can apply and get approved for the card. Federal Bank ensures that applicants meet certain income, age, and credit history requirements before issuing the RuPay Credit Card.

The points below explain the general requirements set by Federal Bank to issue this credit card:

• Age Requirement: Applicant should be between 21 and 60 years.
   
• Income Criteria: Minimum monthly income of around ₹25,000 is required.
   
• Employment Type: Both salaried and self-employed individuals can apply.
   
• Credit Score: A CIBIL score above 700 is generally preferred for approval.

These eligibility rules ensure that only financially stable and responsible individuals receive the card, protecting both customer and bank interests.

Required Documents to Apply for Federal Bank RuPay Credit Card

Documentation plays a key role in the application process. It verifies the applicant’s identity, income level, and address to ensure authenticity.

The following documents are usually required to complete the credit card application successfully:

• Identity Proof: Aadhaar Card, PAN Card, or Passport.
   
• Address Proof: Utility bill, rental agreement, or voter ID.
   
• Income Proof: Salary slips (last 3 months) or IT returns for self-employed.
   
• Photograph: Recent passport-sized colour photo.

Submitting correct and updated documents makes the approval process smoother and reduces the chance of rejection

How to Apply for Federal Bank RuPay Credit Card?

Federal Bank allows customers to apply both online and offline. The process is designed to be simple and quick, especially for salaried professionals.

The card can be applied for through two main methods, depending on customer preference: 

• Online Application: Visit the Federal Bank website, fill in details, and upload documents digitally.
   
• Offline Application: Visit the nearest Federal Bank branch with required documents and fill out a form.
   
• Quick Verification: Bank representatives verify income, identity, and credit history before approval.
   
• Approval Time: On average, cards are approved within 3–5 working days.

Both online and offline processes are straightforward, giving applicants the flexibility to choose the method most convenient for them.

Conclusion

The Federal Bank RuPay Credit Card is a practical choice for Indian consumers who want low-cost access to digital payments with cashback benefits. Its affordable fees, easy application process, and RuPay’s secure network make it a reliable financial tool. 

However, it may not suit those looking for luxury rewards or global premium perks. For everyday shopping, groceries, and bill payments, this card delivers steady value while supporting India’s digital-first banking ecosystem.

FAQ:

1. Can the Federal Bank RuPay Credit Card be linked with UPI apps like PhonePe or Google Pay for credit-based payments?
Yes, the Federal Bank RuPay Credit Card can be linked to UPI platforms that support RuPay credit cards. This allows you to make UPI payments directly from your credit limit at supported merchants.

2. Does the Federal Bank RuPay Credit Card offer cashback or rewards on UPI transactions?
Currently, reward points are applicable only on eligible retail transactions. UPI-linked credit card spends may or may not earn rewards, depending on the merchant category and transaction type.

3. Is the Federal Bank RuPay Credit Card accepted internationally, and does it have forex mark-up charges?
RuPay cards are now accepted in select international markets through tie-ups like Discover and JCB. However, acceptance is still limited compared to Visa or Mastercard, and standard forex charges may apply for overseas transactions.

4. Can I manage my Federal Bank RuPay Credit Card through the FedMobile app?
Yes, the card can be managed through the FedMobile app where users can check statements, pay dues, view reward points, set limits, and enable or disable international usage.

5. Will closing this card affect my CIBIL score?
Yes, just like any other credit card, closing it may reduce your available credit limit, which can slightly affect your score.

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About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.