Federal Bank
The lifetime-free weekend cashback card - now discontinued
One-time
Zero renewal fee
Capped at ₹100/month
Score 730+
Applying takes you to Federal Bank. CredSpy does not process applications, and the ranking on this site is never influenced by commission.
Best for
Terms structured from published copy
6 reward rates with their caps, taken from Federal Bank’s own published wording rather than checked against its terms document. Verify before you rely on a figure.
Terms effective from 19 Dec 2025.
See where each figure came fromOnline shopping
Pays up to ₹100 a month — reached at about ₹500 of spend · nothing under ₹500
Food delivery
Pays up to ₹100 a month — reached at about ₹500 of spend · nothing under ₹500
Groceries
Pays up to ₹100 a month — reached at about ₹500 of spend · nothing under ₹500
Entertainment
Pays up to ₹100 a month — reached at about ₹500 of spend · nothing under ₹500
Everything else
Pays up to ₹2,000 a billing cycle — reached at about ₹40,000 of spend
Everything else
Pays up to ₹2,000 a billing cycle — reached at about ₹4,00,000 of spend
These rates share one ceiling: ₹2,000 a month across the card, not per category.
Wallet reloads All exclusions
Data-driven verdict based on net earnings after fees and caps.
Key strength
20% on Online shopping — 20% instant discount on Amazon, once per month, weekends only, minimum order value Rs. 500, up to ₹100 per month.
Biggest limitation
The Federal Bank-Fi MagniFi co-branded credit card program has been fully discontinued effective 20 March 2026 - reward accrual and Fi-Points redemption have stopped and the card is no longer issued to new applicants.
Priced with caps, exclusions, and annual fee deducted live.
Monthly spending — ₹54,000
Pricing…
Pricing…
Pricing…
Pricing…
Pricing…
Pricing…
Pricing…
Pricing…
Import a statement and this runs on your real spending instead of the sliders.
Click any drawer below to inspect fee schedules, lounge terms, reward multipliers, and exclusions.
Everything else the issuer publishes about this card. All of it is on this page and searchable — open only what you need.
20%
cappedOnline shopping
Pays up to ₹100 per month — reached at about ₹500 of spend.
20% instant discount on Amazon, once per month, weekends only, minimum order value Rs. 500
20%
cappedFood delivery
Pays up to ₹100 per month — reached at about ₹500 of spend.
20% instant discount on Zomato, once per month, weekends only, minimum order value Rs. 500, food orders only
20%
cappedGroceries
Pays up to ₹100 per month — reached at about ₹500 of spend.
20% instant discount on Zepto, once per month, weekends only, minimum order value Rs. 500
20%
cappedEntertainment
Pays up to ₹100 per month — reached at about ₹500 of spend.
20% instant discount on BookMyShow, once per month, weekends only, minimum order value Rs. 500
5%
cappedEverything else
Pays up to ₹2,000 per billing cycle — reached at about ₹40,000 of spend.
5% back (20 Fi-Points/Rs.100) on all eligible weekend spends, Saturday 00:00:01 IST to Sunday 23:59:59 IST, online and in-store; shares the 2,000 Fi-Points/cycle cap with weekday earn
0.5%
cappedEverything else
Pays up to ₹2,000 per billing cycle — reached at about ₹4,00,000 of spend.
0.5% back (2 Fi-Points/Rs.100) on all eligible weekday spends; shares the 2,000 Fi-Points/cycle cap with weekend earn
| Charge | Amount | Condition |
|---|---|---|
| Joining fee | Nil | — |
| Annual / renewal fee | Lifetime free | Not applicable - card is lifetime free with no joining or annual fee |
| Add-on card | Not disclosed by Federal Bank/Fi for this variant | — |
| Cash withdrawal | Not consistently disclosed for MagniFi specifically; general Fi-Federal revolving/cash advance finance charges applied at up to 3.75% per month (approx. 45% p.a.) | — |
| Late payment | Up to Rs. 2,000, depending on the total amount due | — |
| Foreign currency markup | 3.5% | — |
Interest only applies if a balance is carried past the due date. Paying in full each month costs nothing, and no reward rate on this card comes close to offsetting the interest if you do not.
Fees exclude GST unless stated. Charges can change — confirm against the issuer's current schedule before applying.
Year one
Rewards only
no welcome value is recorded
Every year after
No fee, ever
the rewards simply continue
Fuel spends attract a 1% convenience fee (+GST) above Rs. 50,000/month rather than a surcharge waiver
Not applicable - card operates on the Visa network, which cannot be linked to UPI in India
We do not have insurance & protection recorded for this card. Check the issuer's page before relying on it.
Welcome — once
None
no welcome benefit is recorded for this card
Milestones — every year
3
spend thresholds you can reach again each year
No welcome benefit is recorded.
Spend ₹2,50,000 a year — about ₹20,833 a month
Benefit worth Rs. 999 on eligible spends of Rs. 2,50,000 or more in an anniversary year (valid till 18 December 2025, prior to program wind-down)
Spend ₹4,00,000 a year — about ₹33,333 a month
Benefit worth Rs. 4,000 on eligible spends of Rs. 4,00,000 or more in an anniversary year (valid till 18 December 2025)
Spend ₹4,00,000 a year — about ₹33,333 a month
10,000 Fi-Points on eligible spends of Rs. 4,00,000 or more in an anniversary year (effective 19 December 2025, replacing the Rs. 4,000 benefit above, ahead of full program discontinuation on 20 March 2026)
Scored against these published criteria only. No bureau pull, and no approval guarantee — the issuer decides.
CredSpy never collects these. You submit them to the issuer during their own application.
No reviews yet
CredSpy publishes only reviews left by real cardholders. Nothing here is generated, bought or seeded — so this stays empty until someone who holds the card writes one.
Federal BankScapia Credit Card BKLifetime free
Federal BankJupiter Edge Credit CardLifetime free
Axis BankIndiGo Axis Bank Premium Credit Card BK₹5,000
Axis BankIndiGo Axis Bank Credit Card BKLifetime free
Punjab National BankKiwi PNB Credit Card BK₹750
Axis BankFlipkart Axis Bank Super Elite BK₹500| Card | Annual fee | Headline rate | Lounge |
|---|---|---|---|
| MagniFi Fi-Federal Credit Card BK · this card | Lifetime free | 20% online shopping | Included |
| Scapia Credit Card BK | Lifetime free | Up to 4% rewards | Included |
| Jupiter Edge Credit Card | Lifetime free | Up to 2% rewards | No |
| IndiGo Axis Bank Premium Credit Card BK | ₹5,000 | See card | Included |
| IndiGo Axis Bank Credit Card BK | Lifetime free | See card | Included |
Headline rates are not comparable on their own — each card caps and excludes differently. Run your own spending through the switch calculator to see which of these actually pays you more.
It is a lifetime-free card — there is no annual fee.
The strongest published rate is 20% on online shopping, capped at ₹100 per month — so roughly ₹500 of spend reaches the maximum on that tier. The calculator above prices your own basket with every cap and exclusion applied.
Yes. Historical quarterly spend-based benefit; discontinued from 19 December 2025 and replaced with generic merchant cashback offers ahead of the full program shutdown on 20 March 2026
Not applicable - card operates on the Visa network, which cannot be linked to UPI in India
Wallet reloads jewellery & gold rental payments/real estate insurance payments education government services fuel utilities agricultural, horticultural & veterinary services business services cash advances card fees & charges No Fi-Points on wallet reloads, jewellery & gold, rental payments/real estate, insurance payments, education, government services, fuel, utilities, agricultural/horticultural/veterinary services, business services, cash advances, or card fees & charges EMI-converted transactions and cash withdrawals do not earn Fi-Points; spends below the Rs. 500 minimum order value on partner brand offers do not qualify for the 20% weekend discount
Federal Bank publishes about ₹20,000 a month for salaried applicants, and it is usually issued above a 730 credit score. Meeting the criteria is not an approval — the issuer decides.
Fi-Points tracked in the Rewards section of the Fi app, adjusted against the card or linked Fi Federal Bank savings account
You can apply online through our website by filling out the application form and uploading the required documents. You may also visit your nearest branch for in-person assistance.
Yes, you can request a limit increase through internet banking, mobile app, or by contacting customer care. Approval depends on your credit history and income. If you want, I can also create a more engaging, SEO-friendly FAQ section for your credit card website that boosts trust and conversions. Would you like me to prepare that next?
A late payment fee and interest will be charged. Missing payments can also impact your credit score.
We do not hold the issuer's own terms, fee-schedule or MITC links for this card yet.
Credit card fees, rewards and benefits change. Please verify the latest terms on the issuer's website before applying. CredSpy earns a commission on some applications; it never affects rankings or what is written here.
MagniFi Fi-Federal Credit Card BK — 20% on online shopping, up to ₹100 per month. No annual fee.
