Federal Bank Mastercard Signet

Apply for the best credit card of Federal Bank

Last updated:28-Dec-24 Writen by Narendra User Profile
Federal Bank Mastercard Signet
  • Best suitable for: Shopping
  • Joining Fee: ₹ 750+ GST + GST
  • Annual Fee: ₹ 750+ GST + GST
  • Welcome Benefits: Spend more than Rs. 10000/- within first 3 Months and get the joining fee of Rs. 750/- waived off for the first year.
Federal Bank Mastercard Signet

Federal Bank Mastercard Signet: Fees & Charges

Type of fee or charge Amount (Rs.)
Joining Fee:₹ 750+ GST
Annual/Renewal Fee:₹ 750+ GST
Finance Charges:2.69% per month (32.28% annually)
Spend Based Waiver:Spend Rs.75,000/- incurrent year and get awaiver on next year?sannual membership fee.
Over Limit Penalty:2.5% of overlimit amount, subject to a minimum of 500/-
Rent Payment charges1% Processing fee transaction amount
Forex Charges:3.5% of the transaction value
Minimum Repayment Amount:5% of Total outstanding (Min. Rs. 100) + All charges/fees/taxes + EMI
Cheque Return Fees:2% of Payment amount subject to minimum of 450
Late Payment Charges:
Total Amount Due/Statement BalanceLate Payment Charges
Less than or equal to 250NIL
Above 250/- and up to 1000250
Above 1000/- and up to 5,000500
Above 5,000/- and up to 25,0001000
Above 25,000/-1250

Federal Bank Mastercard Signet: Eligibility & Documentation

Eligibility:-
Age: Applicants should be at least 21 years old.
Income: A stable annual income is essential, typically a net monthly income of 30,000/- or more and Self-Employed Individuals/Professionals: A minimum annual income of 5 lakhs.
Credit Score: A good CIBIL score, ideally between 750 and 900, can significantly boost approval chances
The applicant must be an Indian citizen and valid address proof

Documentation:- 1. Aadhaar card, Passport, PAN card as your Identity proof
2. Any Utility bill, Passport, or Voter ID as your address proof
3. Salary slips, bank statements, or IT returns as your income proof

Federal Bank Mastercard Signet: Cash Advance and Charges

Cash Advance or Withdrwan Fee: 2.5% (Min. INR 500) of the cash amount
Cash Advance Withdrwan Limit: 10% of the card limit
Cash Payment at Bank Branch: Rs. 100/- for every Cash payment

Federal Bank Mastercard Signet: Customer care and helpline

Customer care : 1800 420 1199
Email Address :  [email protected]
Mailing Address: The Federal Bank Ltd. Federal Towers, Aluva, Kerala, India – 683101.

Add-on Card facility: NIL

Card replacement fee: Rs 200 + GST

Rewards Redemption Fee: Rs. 99/- per redemption request

Domestic lounge:

International Lounge:

Fuel Surcharge:1% fuel surcharge refunded for transactions between 400 to 4,000 and Maximum of 100 per month.

FAQ of Federal Bank Mastercard Signet

Q1. What is the annual fee of Federal Bank Mastercard Signet?
The Annual fees of Federal Bank Mastercard Signet is 750+ GST. And there is Joining fees is 750+ GST.

Q2. What is the interest rate on the Federal Bank Mastercard Signet?
The Federal Bank Mastercard Signet has an interest rate of 2.69% per month (32.28% annually)

Q3. Are there foreign transaction fees on the Federal Bank Mastercard Signet?
Yes, The Federal Bank Mastercard Signet charges a 3.5% fee for all transactions in foreign currency .

Q4. What is the credit limit of Federal Bank Mastercard Signet?
The credit limit for the Federal Bank Mastercard Signet is based on multiple factors, such as your income, repaying capacity, and credit history. Federal Bank does not specify a fixed credit limit for this card. It will communicate to you time of issuance of card. Federal Bank offer Pre-approved Credit Limit to existing card holder. So if you are eligible by few step you can increase your credit limit.

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