Fi Credit Card: Features, Benefits & Rewards

Key Takeaways
 

• Fi Credit Card can save up to ₹90,000 annually through cashback, forex-free transactions, and lounge access.
   
• It offers three variants, AmpliFi, MagniFi, and SimpliFi, to suit professionals, shoppers, and beginners.
   
• The entire process is 100% digital via the Fi Money app, making it quick and paperless.
   
• Backed by Federal Bank, it combines trust, security, and fintech-driven innovation for modern users.

BONUS: THE CREDIT CARD IS A CO-BRANDED OFFERING FROM THE PARTNERSHIP BETWEEN FEDERAL BANK AND FI BRAND PVT LTD. 

A Fi Credit Card is a co-branded Federal Bank card, managed digitally through the Fi Money app for modern Indians.

Suresh, a 34-year-old business consultant in Delhi, earns ₹1,50,000 per month. He spends ₹30,000 on travel, ₹20,000 on online shopping, and ₹15,000 on fuel. By using the Fi Credit Card (AmpliFi), he earns ₹3,500 cashback, saves ₹2,500 in forex fees during his international trip, and enjoys free lounge access worth ₹1,500. 

In total, his monthly benefit is about ₹7,500. Over the course of a year, this amounts to ₹90,000. Compared to a standard bank credit card, the Fi Credit Card provides Suresh with higher savings and digital tools to manage his money more easily.

Let us now explore more about the Fi Credit Card before moving towards its detailed benefits and features.

Key Highlights of the Fi Credit Card

Every credit card has some basic highlights that make it attractive. For the Fi Credit Card, these highlights are designed keeping digital users in mind.

The table below shows the important highlights of the Fi Credit Card in comparison to a traditional bank credit card.
 

From this comparison, it is clear that Fi Credit Card offers lower costs, better rewards, and more benefits for travellers and online shoppers compared to traditional cards.

Benefits of Fi Credit Card

Every credit card user looks for unique benefits that suit their lifestyle. Fi Credit Card provides digital-first advantages, making it different from most traditional cards.

For Example, Neha, a 28-year-old content creator in Bengaluru, spends ₹12,000 on food delivery, ₹18,000 on online shopping, and ₹10,000 on travel each month. 

Using the MagniFi Credit Card, she earns cashback worth ₹2,200, saves ₹1,000 on forex fees, and enjoys lounge access valued at ₹800. Her total monthly savings are about ₹4,000, which adds up to ₹48,000 a year.

Here are the major benefits of the Fi Credit Card explained in detail.

• Cashback & Rewards: Earn high cashback on shopping, food, fuel, and more.
   
• Zero Forex Markup: Save 2–3% on every international purchase.
   
• Lounge Access: Free entry to airport lounges for a comfortable journey.
   
• FD-backed Card: SimpliFi allows beginners to get a card without income proof.
   
• Fi Money App Integration: Manage card spends and limits digitally.

These benefits show that the Fi Credit Card is not just a payment tool but also a money-saving and lifestyle-enhancing product.

Fi Credit Card Cashback & Rewards

Rewards are the most important part of any credit card. Fi Credit Card is designed to give maximum cashback to digital shoppers, travellers, and even first-time users.

For Example, Vikram, a young banker, spends ₹10,000 on fuel, ₹15,000 on food, and ₹20,000 on online shopping. With the AmpliFi Credit Card, he earns ₹2,500 cashback monthly. Over 12 months, that equals ₹30,000 in direct savings.

The table below shows how different Fi Credit Cards provide rewards in different spending categories: 

From this table, it is clear that AmpliFi is best for professionals with higher spending, MagniFi suits weekend shoppers, and SimpliFi helps beginners save while building credit.

Fi Credit Card Fees & Other Charges

Understanding fees is important before choosing a credit card. Fi Credit Card is transparent in its charges, and some cards are even free.

For Example, Ravi, a freelancer, spends ₹50,000 in a month. If he uses a traditional card, he pays 2.5% forex charges, which equals ₹1,250 extra. With the Fi Credit Card, he pays ₹0 on the forex markup.

Here’s a comparison of the fees of the Fi Credit Card with standard bank credit cards:
 

This shows Fi Credit Card is cost-effective, especially for frequent travellers and online buyers, while traditional cards may have higher hidden costs.

Late Payment Fee Applicable on Fi Credit Card

Paying bills on time is necessary for every credit card holder. Fi Credit Card charges a late payment fee if you miss the due date, but the structure is simpler than many other cards.

For Example, Sunita, a teacher, had a bill of ₹20,000 but paid only after 15 days. She was charged ₹500 as a late payment fee along with interest of about ₹300. Her total penalty became ₹800.

Here is how the Fi Credit Card late fee works:

• Small Bills (Below ₹1,000): Minimal or no late fee.
   
• Bills Between ₹1,000–₹5,000: Late fee of around ₹100–₹400.
   
• Bills Above ₹5,000: Higher late fee, starting from ₹500 onwards.
   
• Interest Charges: Added if the full amount is not cleared.

Late payment can quickly increase your bill. It is always better to pay on time to avoid extra charges.

Fi Credit Card Pros & Cons

Every product has strengths and weaknesses. Fi Credit Card is powerful for digital users, but it also has some limits.

For Example, Rohit, a 30-year-old traveller, loves Fi’s 0% forex markup and lounge access. But when his app crashed once, he faced difficulty in tracking his expenses. This shows both sides of the Fi Credit Card.

The table below summarises the advantages and disadvantages of the Fi Credit Card.
 

While Fi Credit Card offers digital convenience and money-saving features, it may not suit users who prefer traditional offline banking.

Eligibility Criteria for Fi Credit Card

Eligibility helps ensure that the right card reaches the right customer. Fi Credit Card has flexible criteria, especially with the FD-backed SimpliFi card.

For Example, Karan, a salaried employee earning ₹45,000 per month, qualifies for the MagniFi Card. His younger sister Meera, a 22-year-old student, doesn’t have income proof but secures the SimpliFi FD-backed Card with an FD of ₹30,000.

The table below shows who is eligible for Fi Credit Cards.
 

From this, we see that the Fi Credit Card is accessible for both high-income professionals and beginners with no prior credit history.

Required Documents to Apply for the Fi Credit Card

Applying for the Fi Credit Card requires fewer documents because the process is fully digital through the Fi Money app.

For Example, Anjali, a graphic designer, applied for the AmpliFi Credit Card with just her Aadhaar, PAN, and salary slips, all uploaded digitally. Her approval came in 24 hours.

Here are the documents required for different Fi Credit Cards:

• Aadhaar Card: Identity & address proof.
   
• PAN Card: Mandatory for tax and credit history.
   
• Income Proof: Salary slips or bank statements (AmpliFi & MagniFi).
   
• FD Certificate: For SimpliFi applicants.

The requirement of minimal documents makes the Fi Credit Card application smooth and quick compared to manual paper-based processes.

How to Apply for a Fi Credit Card?

The Fi Credit Card application process is designed to be simple and digital. Anyone with a smartphone can complete it within minutes.

For Example, Rajeev, a 35-year-old entrepreneur, downloaded the Fi Money app, selected the AmpliFi Credit Card, uploaded Aadhaar and PAN, and completed e-KYC. His card was approved in 2 days.

Follow these steps to apply for the Fi Credit Card:

1. Download Fi Money App: Available on iOS and Android.
    
2. Select Card Type: Choose AmpliFi, MagniFi, or SimpliFi.
    
3. Upload Documents: Aadhaar, PAN, and income proof/FD as required.
    
4. Complete e-KYC: Done digitally in a few minutes.
    
5. Approval from Federal Bank: Card dispatched within days.

The process is fully digital, paperless, and fast, which makes the Fi Credit Card application easy for India’s growing fintech population.

Fi Credit Card Security & Safety Features

Security is one of the biggest concerns for credit card users today. Fi Credit Card is designed with advanced safety measures to protect its users.

Example: Manoj, a 40-year-old business owner, once lost his wallet with his Fi Credit Card inside. Using the Fi Money app, he instantly blocked his card in less than a minute, preventing any fraudulent use.

Here are the main safety features of the Fi Credit Card:

• Instant Card Lock/Unlock: Users can freeze or unfreeze their card anytime using the Fi Money app.
   
• Real-time Spend Alerts: Every transaction sends an instant notification to avoid misuse.
   
• Spending Limits: Users can set limits for online or offline spending, ensuring better control.
   
• International Usage Control: Option to enable or disable international transactions through the app.
   
• Secure Transactions: Backed by VISA’s global security systems for fraud protection.

These safety features make Fi Credit Card one of the most secure digital-first cards in India, combining user control with bank-level security.

Conclusion

Fi Credit Card has redefined how credit cards work for digital Indians. With a mix of rewards, zero forex markup, and flexible eligibility, it goes beyond being just a plastic card. It provides a lifestyle upgrade and financial control through the Fi Money app. Backed by Federal Bank, it ensures safety, trust, and modern features.

If you are a professional, student, or beginner in the credit world, there is a Fi Credit Card suited for you. In India’s fast-growing fintech industry, this card shows how banks and digital apps can work together to create better financial products.

Fi Credit Card FAQs

Is the Fi Credit Card good for EMI purchases?
Yes, Fi Credit Card allows EMI on major purchases. Many users choose it for converting spends above ₹5,000 into easy monthly instalments.

Does Fi Credit Card work with UPI payments?
Fi Credit Card can be linked with UPI apps, allowing you to pay merchants directly while still earning cashback benefits.

Can the Fi Credit Card be used for rent payments?
Yes, Fi Credit Card supports rent payments through the Fi Money app, and some users earn extra cashback on this category.

Is the Fi Credit Card safe for international online shopping?
Since it comes with zero forex markup and VISA-backed security, the Fi Credit Card is widely used for global e-commerce platforms like Amazon US or eBay.

Does Fi Credit Card help in improving CIBIL score?
Yes, timely repayment of Fi Credit Card bills helps users build or improve their CIBIL score, especially useful for beginners with the SimpliFi card.

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