Federal Bank RuPay Wave Credit Card
Joining Fee: No Joining Fee
Renewal Fee: No Annual Fee
Reward Type: Reward Points
Welcome Offer:
10% Cashback: Receive 10% cashback on your first five UPI transactions made with the card, making it a rewarding start.
Rewards Program:
Earn 1 Reward Point for every ₹200 spent, giving you steady rewards on all purchases.
Milestone Benefits:
Quarterly Bonus: Earn 1,000 bonus reward points on spending ₹50,000 in a quarter, which can total up to 4,000 points per year.
Reward Redemption:
Redeem your earned reward points for vouchers and other exciting options through the Federal Rewards portal.
Additional Features:
UPI Integration: The card can easily be linked with UPI, allowing you to make seamless payments via your mobile.
Virtual Card: This card is a floater or virtual add-on to your existing Federal Bank credit card, making it flexible for digital payments.
Summary
The Federal Bank RuPay Wave Credit Card is a lifetime free card with no joining or annual fees, offering great value for frequent shoppers and UPI users. New cardholders can enjoy a 10% cashback on their first five UPI transactions, ensuring a rewarding start. The card's rewards program provides 1 Reward Point for every ₹200 spent, and you can earn 1,000 bonus points quarterly by spending ₹50,000, potentially earning up to 4,000 points annually. These points can be redeemed for vouchers and other options via the Federal Rewards portal. Additionally, the card integrates seamlessly with UPI apps like Google Pay and PhonePe, making digital payments convenient and rewarding. This card also functions as a virtual add-on to your existing Federal Bank credit card, offering flexibility for online transactions. Overall, the Federal Bank RuPay Wave Credit Card is ideal for users who value digital convenience and steady rewards.