Like other banks, Federal Bank has launched its Virtual Rupee Credit Card, which you can easily get. This credit is Credit Liftimefree and Federal Bank has named this credit card as Federal Wave Credit Card.
Fees:
- Joining Fee: No Joining Fees
- Annual Fee: No Annual Fees
- Balance Transfer Fee: No Fees On UPI Payment
- Add-On Card Fees: No Fees
- ATM withdrawal Fees: No
Interest Rate:
- Fixed interest rate of 11.99%
Rewards:
- 10% Cashback on First 5 Transaction
Benefits:
- Up to 48 days interest-free period on purchases.
- Do UPI Payment Across India
Other Details:
- Issued on the Rupay network
Eligibility criteria
- Federal Wave Credit Card is being given only to those people who already have a credit card from the Federal Bank. If you want to apply for this card then you will not be able to get this card.
Pros & Cons
Pros:
- No annual fees and Joining Fees: Federal Wave Credit Card gets you no joining fees and no cancellation fees.
- Low-interest rate: The card does not give you any rewards like other credit cards
- UPI payment facility: The card also provides you with a UPI facility.
- Credit Card UPI: With the help of a card you can make UPI payments to any merchant.
- Up to 48 days interest-free period: You also get 10 days interest-free period with this card
Cons:
- No rewards program: Unlike other virtual credit cards, you do not get any rewards on this card.
- No Airport Louge Access: A credit card does not get you any airport lounge access
Overall:
Federal Wave Credit Card is a good option for those in India who want to get a lifetime free Federal Bank Rupee Credit Card.
Please Read Our other credit card reviews
- American Express Membership Rewards Credit Card
- Federal Bank Visa Imperio Credit Card
- Federal Rupay Signet Credit Card
- Federal Bank Scapia Credit Card
Disclaimer
We have obtained all the information about the card from the internet and the Federal Bank’s website. If there is any small or major change in this card, then CredBanking will not be responsible for it.