Federal Bank credit cards

A Federal Bank credit card is the cheapest kind to hold on this site: all three tracked here carry no joining fee and no annual fee, for life. They are issued with fintech partners — Scapia, Fi and Jupiter — rather than as traditional bank cards.

Scapia is the strongest of the three, and one of only three cards on CredSpy with a 0% forex markup.

Read MagniFi's headline carefully: 20% sounds enormous, but the Rs. 100 monthly cap makes it worth Rs. 1,200 a year at most.

There is nothing to waive: all three cards are lifetime free, so no minimum spend is needed to keep them.

That also makes them useful as a second card kept open for credit history — an old, free card lengthens your average account age without costing anything.

For steady everyday value, Jupiter Edge's flat 2% beats a capped headline rate for most people.

Scapia includes domestic lounge access unlocked by monthly spending, and MagniFi gives 2 visits a year. Jupiter Edge has none.

A free card with lounge access is rare: most issuers charge an annual fee for the same benefit.

MagniFi Fi-Federal publishes a minimum income of Rs. 20,000 a month. Scapia and Jupiter Edge publish no income figure; both are issued through their apps and assessed on your credit profile, with FD-backed routes available for applicants with no credit history.

Check which of the three you are likely to get with the eligibility checker — no bureau enquiry is made.

What every Federal Bank card tracked here costs, earns and includes, cheapest first.

Lifetime free — no joining fee and no annual fee. Earns 2 points per Rs. 100 on online shopping; 2 points per Rs. 100 on dining; 2 points per Rs. 100 on travel. No complimentary lounge visits are recorded. Earns nothing on fuel transactions, government payments, rent payments and utility bill payments. Full Jupiter Edge review

Lifetime free — no joining fee and no annual fee. Earns 5% on other spends, capped at Rs. 2,000 a statement cycle; 20 points per Rs. 100 on online shopping, capped at 100 points a month; 20 points per Rs. 100 on food delivery, capped at 100 points a month. 2 complimentary domestic lounge visits a year. Earns nothing on wallet reloads, jewellery & gold, rental payments/real estate and insurance payments. Full MagniFi Fi-Federal review

Lifetime free — no joining fee and no annual fee. Earns 20 points per Rs. 100 on travel; 10 points per Rs. 100 on other spends. No complimentary lounge visits are recorded. Earns nothing on rent payments, money transfers, EMI purchases and education fees. Full Scapia review

The annual fee is the charge people compare, and rarely the one that costs most. Pay less than the full statement balance and interest applies from the transaction date, and the interest-free period stops applying to new purchases until the balance is cleared.

Paid in full every month, a Federal Bank card costs only its annual fee. Revolved, the interest outruns any reward rate on the card several times over.

The eligibility checker scores your profile against each card's published criteria without a credit bureau enquiry.