The Federal Scapia Credit Card is a travel-focused credit card issued by Federal Bank in partnership with Scapia Technology Pvt. Ltd. Here’s a breakdown of its key features and benefits Federal Bank Scapia Credit Card
Card Type: Travel
Rewards:
- Scapia Coins: Earn reward points in the form of Scapia Coins.
- 10% Scapia Coins: On the majority of online and offline expenditures (excluding rent, cash withdrawals, money transfers, EMI transactions, digital wallet loading, and top-up transactions).
- 20% Scapia Coins: On all travel bookings (flights and hotels) made on the Scapia app.
- Redemption: Redeem Scapia coins for various travel-related expenses like flights, hotels, and more directly through the Scapia app. No cap on redemption on the Federal Scapia Credit Card.
Travel Benefits:
- Zero Forex Markup: No additional charges for international transactions.
- Unlimited Domestic Lounge Access: Spend Rs. 5,000 or more in a billing cycle to unlock complimentary access to domestic airport lounges (potentially more lounges in the future).
- No Cost EMI for Travel: Convert travel bookings (flights or hotels) on the Scapia app into 3-month EMIs with no additional interest charges.
Other Features:
- Fully Digital Onboarding: Apply and get approved for the card entirely through the Scapia app with minimal paperwork.
- Instant Virtual Card: Use the virtual card for online transactions immediately after approval. The physical card arrives within 2-5 business days.
- 24/7 Customer Support: Get assistance anytime through the Scapia app.
- No Annual or Joining Fees: Enjoy the benefits without any yearly or signup charges.
Fees:
- Joining Fee: Nill
- Annual Fee: Nill
Required Document
- Pan Card
- Aadhar Card
- Income Proof
- Address Proof
Eligibility criteria:
- Age: 23 to 60 Years
- Occupation: Salaried and Self-Employed
- New To bank Only
- Monthly Income: 19000
- ITR: 4.5 Lakh
- Credit Score:750+
- New Customer to Federal Bank
Things to Consider:
- Scapia Coins Ecosystem: Scapia coins can only be redeemed within the Scapia app for travel-related expenses.
- Minimum Spends: Certain benefits like lounge access require minimum monthly spending.
Pros & Cons
Pros
- Zero Forex Markup: If you do international transactions with the help of this card, you do not need to pay any kind of foreign currency markup.
- Lifetime Free Card: If you have been using this card regularly then you do not need to pay any fee for this card.
- Rewards on Travel Spends: You can redeem Scapia Coins as payment when booking travel through Scapia.
- Unlimited Domestic Airport Lounge Access: To avail continuous domestic airport lounge access, you have to spend Rs 5000 per month with the help of this card.
Cons
- Scapia Coin Value: You get the cashback of this card in the form of Scapia Coin and the value of 5 Scapia Coin is Rs 1.
- Dependence on the Scapia App: Your reward points are earned only when you book through the Scapia app.
Please Read Our other credit card reviews
This is the best credit card for those who book their travel plans with the help of the Scapia app because when you make any kind of booking with the help of the Scapia app, it gives you 10% Scapia coins.
Disclaimer
If there is any change in the credit card, whether small or big, then CredBanking will not be responsible because we have obtained this information from the internet.
