Federal Bank Visa Signet Credit Card: The Federal Bank Visa Signet Credit Card, the credit card by Federal bank designed for the Entertainment lover and shopaholic people. The benefits doesn’t end, the offers other benefits as well i.e., in different categories such as travel, entertainment, and lifestyle and many more.
Through this credit card you can also get great deals such as welcome benefits as a complimentary e-vouchers from Amazon Pay, reward points on your all spends, free vouchers, fuel surcharge waiver, annual fee waiver and so on. These are the benefits and privileges which make this credit card the best choose its user.
Therefore, in this article we are going to see the features and benefits of the Federal Bank Visa Signet Credit Card and eligibility and how to apply for the same.
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Contents
1. Federal Bank Visa Signet Credit Card Features and Benefits
The Federal Bank Visa Signet Credit Card comes with a great deals and several other benefits across different categories such as, Entertainment, dining, travel, shopping and many more.
Here we have mentioned the features and benefits offered by the Federal Bank Visa Signet Credit Card:
- Welcome Benefits: As a Welcome Benefit, you get an Amazon Pay e-voucher of Rs. 500, on your spend of minimum Rs. 3,000 i.e., within the first 30 days of your credit card being issued.
- Milestone Benefits: As a milestone benefit, you get a Swiggy e-vouchers, on spending Rs. 20,000 in one quarter.
- Dining Benefits: As a Dining Benefits, you get access to the FedDelights programme, under which you get up to 15% discount when you dine at the partnered hotels.
- Entertainment Benefits: As an Entertainment Benefits, on Buying one INOX movie ticket, get another movie ticket for free, the benefit is valid only once per quarter.
- Travel Benefits: For travelling benefits, get complimentary domestic airports lounge access i.e., once per quarter.
- Other Benefits: On electronics and apparel spends, get 3x reward points and on entertainment spend, get 2x reward points and on other categories spends, get 1x rewards.
- Fuel Surcharge Waiver: On your fuel transactions between Rs. 400 and Rs. 5,000, cardholders will get a fuel surcharge waiver of 1%, at fuel pumps all over India with max waiver capped at Rs. 500 per calendar month.
2. Federal Bank Visa Signet Credit Card Fees and Charges:
- The Joining fee charges are- NIL.
- The Annual fee and renewal fee charges is NIL, an annual membership fee is free for lifetime.
- The Cash withdrawal fee, is 2.5% of the withdrawn amount i.e., minimum Rs. 500.
- An interest rate of 3.6% per month (43.2% annually) is applicable on the due amount on the card if the cardholder is unable to clear all the dues by the payment due date.
- On all the Foreign currency transaction, you have to pay forex fee of 3.5% (plus applicable taxes) on the transacted amount. This fee is to be paid on all international transactions done using this credit card.
- Late Payment Charges are- apart from the interest rate, a late payment fee shall also be applicable, For Statement Balance: upto Rs. 100 – NIL, Rs. 101 to Rs. 500 – Rs. 100, Rs. 501 to Rs. 5,000 – Rs. 500, Rs. 5,001 to Rs. 10,000 – Rs. 600, Rs. 10,001 to Rs. 25,000 – Rs. 750, Rs. 25,001 to Rs. 50,000 – Rs. 950 and Over Rs. 50,000 – Rs. 1,000.
3. Federal Bank Visa Signet Credit Card Eligibility Criteria to Apply:
The common eligibility criteria and the documents required to apply for Federal Bank Visa Signet Credit Card are as follows:
- The age limit for applying for this card is of 18- 70 years of age.
- The cardholder should have a stable income through salary or self- employment.
- The cardholder should have good credit score history.
- For Identity Proof documents you need are Aadhar Card, Voters Id, PAN Card, Passport, Driving License.
- For Address Proof, Utility bills of the latest months, Aadhar Card, Passport, and Ration card are the needed documents.
- For Income Proof, you need to submit the latest bank statement as a salaried person, and can also, submit your company ID card, if you are salaried, and if you are self-employed, you should submit your latest ITR.
4. How to Apply for Federal Bank Visa Signet Credit Card:
For Federal Bank Visa Signet credit card you can apply either online or offline. For offline mode, you can visit your nearest Federal Bank branch with all the required documents and fill out the physical application form.
Here are the steps to be followed to apply for your Federal Bank Visa Signet credit card:
- Step 1: Visit Official website of the Federal Bank- www.federalbank.co.in
- Step 2: Click on ‘Cards’ option, under personal Banking section.
- Step 3: Then, select ‘Credit Card’ option.
- Step 4: Choose the ‘Federal Bank Visa Signet Credit Card’, under ‘other credit cards’ option.
- Step 5: Click on ‘Apply Now’.
- Step 6: Enter your mobile number and captcha to start the application, and all the requested details and providing the required documents.
This the way in which you can apply for Federal Bank Visa Signet credit card online.
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