Federal Bank Signet vs SBI Flipkart Credit Card Compared
Which credit card suits you? Side by side on the numbers that decide it. A blank means the provider has not published that figure, not that it is zero. Data last verified: 11 October 2026.
| Feature |  Federal Bank Signet Credit CardFederal Bank3 recent changes → |  SBI Flipkart Credit CardState Bank of India2 recent changes → | |
|---|---|---|---|
| Rewards by spend | |||
| Rewards | 0.13% base, up to 0.25% on streaming subscriptions; 0.38% only at partner merchants | 1% on most spends; 7.5% only at partner merchants | |
| UPI payments (scan and pay) | 0.13% | Earns nothing | |
| Online shopping | 0.13%; 0.38% only at Electronics and apparel | 1%; 7.5% only at Myntra; 5% only at Flipkart, Shopsy & Flipkart Travel | |
| Dining and food delivery | 0.13% | 1% | |
| Groceries | 0.13% | 1% | |
| Travel: flights, hotels, trains | 0.13% | 1%; 5% only at Cleartrip | |
| Fuelsame | Earns nothing | Earns nothing | |
| Bills and recharges | 0.13% | 1% | |
| Rentsame | Earns nothing | Earns nothing | |
| Insurance premiums | 0.13% | Earns nothing | |
| School and college fees | 0.13% | Earns nothing | |
| Wallet top-upssame | Earns nothing | Earns nothing | |
| Taxes and government paymentssame | Earns nothing | Earns nothing | |
| Spend abroad or in a foreign currency | 0.13% | 1% | |
| Streaming subscriptions | 0.25% | - | |
| Everything else | 0.13% | 1% | |
| Card identity | |||
| Card typesame | Shopping | Shopping | |
| Network | Visa | Mastercard | |
| Card tier | Entry | Mid | |
| Fees | |||
| Joining fee | Free | ₹500 + GST | |
| Annual fee | Free | ₹500 + GST | |
| Lifetime free | Yes | No | |
| Fee waived at | ₹0 | ₹3,50,000 | |
| Eligibility | |||
| Min age | 21 years | - | |
| Employment typesame | BOTH | BOTH | |
| Rewards | |||
| Reward type | Reward points | Cashback | |
| Point value | ₹0 | ₹1 | |
| Fuel surcharge | |||
| Fuel surcharge waiver | No | Yes | |
| Lounge access | |||
| Domestic lounge visits | 4 | - | |
| International lounge visits | 0 | - | |
| Lounge condition | Spend Rs 20,000 in the qualifying billing cycle for domestic lounge access | - | |
| Forex and international | |||
| Forex markupsame | 3.5% | 3.5% | |
| UPI rewards | |||
| Works on UPI | Yes | No | |
| Interest and charges | |||
| Interest rate (monthly) | 3.75% | - | |
| Interest rate (annual) | 45% | - | |
| Redemption | |||
| Redemption fee | ₹99 | - | |
| Page content | |||
| Documents needed | PAN card Aadhaar / valid address proof Latest 3 months bank statement Income proof, salary slips (salaried) or ITR (self-employed) Recent passport-size photograph | PAN card Aadhaar / valid address proof Income proof, salary slips (salaried) or ITR (self-employed) Recent passport-size photograph | |
| Apply | Apply Now | Apply Now | |
Worth in Rupees at ₹20,000 a Month
- Rewards a year
- ₹396
- Fee a year
- ₹0
- You keep
- ₹396
- Rewards a year
- ₹2,400
- Fee a year
- - ₹590
- You keep
- ₹1,810
At this spend, SBI Flipkart Credit Card comes out ₹1,414 a year ahead of Federal Bank Signet Credit Card. Worked out from each card's published reward rate, caps and fee, on ₹20,000 a month. Your own spend changes the answer: try the rewards calculator.
Best For
- Online shopping only at Electronics and apparel: 0.38% back
- Streaming subscriptions: 0.25% back
- Anyone who wants no annual fee, ever
- Flyers: 4 airport lounge visits a year
- Regular Flipkart shoppers
- Myntra fashion buyers
- Cleartrip travel bookers
Watch-Outs
- Skip it if most of your spending is fuel, rent, wallet top-ups or government payments: those earn nothing on this card
- Skip it if you rarely spend on Electronics and apparel: the 0.38% rate applies only there, everything else earns 0.13%
- Skip it if you often pay in foreign currency: 3.5% is added to every foreign spend
- Skip it if you sometimes pay only the minimum due: interest of 3.75% a month (45% a year) outweighs any reward
- Each boosted category has a monthly cap
- Only 1% outside partner brands
- High ₹3,50,000 waiver target
- No lounge access
Card data sourced via CardAdvisor.in (Federal Bank Signet Credit Card, SBI Flipkart Credit Card), India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.
Questions People Ask
Which has the lower annual fee, Federal Bank Signet Credit Card or SBI Flipkart Credit Card?
Federal Bank Signet Credit Card. Federal Bank Signet Credit Card: no annual fee; SBI Flipkart Credit Card: ₹500. Check whether a spend-based waiver applies before you decide.
Which is better for spending abroad?
Federal Bank Signet Credit Card has the lowest forex markup. Federal Bank Signet Credit Card: 3.5%; SBI Flipkart Credit Card: 3.5%. The markup is charged on every foreign-currency transaction, before GST.
Which earns more on everyday spending?
On spends outside any bonus category: SBI Flipkart Credit Card 1%, Federal Bank Signet Credit Card 0.13%. Bonus categories, rates limited to named merchants and monthly caps change the picture, so compare the rewards by spend too.
Can I hold more than one of these cards?
Usually yes, if each bank approves you. Many people keep one card for everyday spending and another for a specific use such as travel. Each application is a separate credit check.
Work Out the Numbers
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Guides in Plain Words
Short reads that explain how it works before you decide.
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