The Federal Bank Visa Imperio Credit Card is good for those who spend on health care, groceries, travel, entertainment, lifestyle, and utilities. It offers good rewards and some additional benefits. Federal Bank Visa Imperio Credit Card is issued by Federal Bank which is a lifetime free credit card.
Card Type: Cashback
Rewards:
- Structure: 3-2-1 reward points system
- Bonus Categories:
- You get 3x reward points on spending on health and grocery.
- You get 2x reward points on all types of utility bill payments. (electricity, gas, mobile, etc.)
- You get 1x reward points on all remaining spends.
- Redemption: You can redeem the reward points of this credit card by visiting Federal Rewards on any of the categories available there. ( minimum 2,0000 points requirement).
Fees & Charges:
- Annual Fee: Although the annual face value of this credit card is Rs 500, sometimes you get a lifetime free offer on this card, mostly you get a lifetime free only on this credit card.
- Interest Rate (APR): The interest rate on the card can range from 0.49 p.m. to 3.49 p.m.
Benefits:
- Welcome Offer: You get an Amazon gift voucher of Rs 400 when you spend Rs 5000 within 30 days using the card.
- Fuel surcharge waiver: You get a 1% fuel surcharge waiver on purchasing fuel from fuel stations with this card across India.
- Dining discounts: You get up to 15% discount at all partner hotels of the FedDelights program.
- Milestone benefits: If you spend Rs 50,000 within 3 months with the help of this card, you get a free BigBasket gift card worth Rs 500.
- Bogo Movie Offer: When you buy 1 movie ticket from INOX, you get 1 ticket free under the BOGO offer. You can avail of this offer 1 time in every 3 months.
Additional Points:
- Eligibility & Documentation
- Age: 18 to 65 Years
- Credit Score: 750+
- Nationality: Indian
- Require Document
- Adhar Card
- Pan Card
- Income Proof
- Address Proof
- Accidental Cover
- With the card, you get Personal Accident Insurance worth Rs 200000
Pros & Cons
Pros
- Rewards: The card gives you 3x Reward Points on Grocery & Healthcare, 2x Reward Points on all utility bills, and 1x Reward Points on all other spends.
- Welcome gift: As a bonus, you get an Amazon gift card worth Rs 400
- Annual fee waiver: If you spend Rs 1.5 lakh in a year with the help of this card, your annual fee is waived.
- Other benefits:
- 24/7 customer services.
- Balance transfer facility.
- For easy transactions with the card, you also get the facility of Countless payments.
- Zero liability protection on the card
- The card gives you the facility to give add-on cards to your family members.
Cons
- Reward limitations: With the help of this card, you can earn maximum points only on grocery, health care, and utility bills.
- Dynamic APR: The interest rate of this credit card depends on your credit limit. The maximum interest rate on this card is 5.88% and the maximum is 41.88%.
- Annual fee: Waiver is available only on annual card spend of Rs 1.5 lakh
If you are a user who mostly spends a lot on groceries, healthcare, and utilities then the Federal Bank Visa Imperio Credit Card may prove to be a good card for you.
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Disclaimer
We have obtained the information from the internet and the bank’s website. CredBanking will not be responsible for any change in the card information.
