Federal Bank
Federal Bank Signet Credit Card
Data last verified: 11 October 2026
- Joining feeFree
- Annual feeFree
- Reward rate0.13% base, up to 0.25% on streaming subscriptions; 0.38% only at partner merchants
Takes you straight to the application. We earn a commission if you are approved, and you pay nothing extra.
- Joining feeFree
- Annual feeFree
- Lifetime freeYes
- Forex markup3.5%
- Interest (APR)3.75% a month, 45% a year
- Cash withdrawal fee2.5% of the amount (minimum ₹500)
- Add-on card₹100
- Rent payments1% of the amount
01Federal Bank Signet Credit Card Rewards and Benefits
02Federal Bank Signet Credit Card Annual Fee and Charges
- Joining fee
- Lifetime free
- Annual fee
- Lifetime free
- Spend-based waiver
- None
- Rewards redemption fee
- ₹99 per request
- Forex markup
- 3.5%
- Interest rate
- 3.75% a month (45% a year)
- Fuel surcharge waiver
- No
- Card replacement
- Not published
- Cash withdrawal fee
- 2.5% of the amount (minimum ₹500)
- Add-on card
- ₹100
- Rent payments
- 1% of the amount
03What It's Worth, in Rupees
If you spend ₹20,000 a month on this card:
- ₹5,000 on streaming subscriptions, earning 0.25%₹13
- ₹15,000 on everything else, earning 0.13%₹20
- Back each month, ₹396 a year₹33
- In your pocket each year₹396
Worked out from this card's reward rates, caps and fee in our data; a rate limited to named merchants is not counted here. Your own spending will differ: see what this card is worth at your spend.
Good 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
Skip it if…
- most of your spending is fuel, rent, wallet top-ups or government payments: those earn nothing on this card
- you rarely spend on Electronics and apparel: the 0.38% rate applies only there, everything else earns 0.13%
- you often pay in foreign currency: 3.5% is added to every foreign spend
- you sometimes pay only the minimum due: interest of 3.75% a month (45% a year) outweighs any reward
04How Federal Bank Signet Credit Card earns Rewards
0.13% base, up to 0.25% on streaming subscriptions; 0.38% only at partner merchants.
| Spend category | Rate | Monthly cap | Where it applies |
|---|---|---|---|
| UPI payments (scan and pay) | 0.13% | No cap | The card's normal rate |
| Online shopping | 0.13% | No cap | Anywhere else in the category |
| Online shopping, only at listed merchants | 0.38% | No cap | Only at: Electronics and apparelTerms: 3x, 3 Reward Points per ₹200, limited to the electronics and apparel merchant categories rather than all online shopping. |
| Dining and food delivery | 0.13% | No cap | The card's normal rate |
| Groceries | 0.13% | No cap | The card's normal rate |
| Travel: flights, hotels, trains | 0.13% | No cap | The card's normal rate |
| Fuel | Earns nothing | - | earns nothing on this card |
| Bills and recharges | 0.13% | No cap | The card's normal rate |
| Rent | Earns nothing | - | earns nothing on this card |
| Insurance premiums | 0.13% | ₹63 | All merchants in the categoryTerms: Insurance premiums earn the base rate but are capped at 250 Reward Points per card per calendar month, a limit Federal introduced on 15 July 2024. This is a cap, not an exclusion, insurance does still earn. |
| School and college fees | 0.13% | No cap | The card's normal rate |
| Wallet top-ups | Earns nothing | - | earns nothing on this card |
| Taxes and government payments | Earns nothing | - | earns nothing on this card |
| Spend abroad or in a foreign currency | 0.13% | No cap | The card's normal rate |
| Streaming subscriptions | 0.25% | No cap | All merchants in the categoryTerms: 2x, 2 Reward Points per ₹200 on the entertainment merchant category. Federal defines this by merchant category, so it is broader than streaming subscriptions alone. |
| Everything else | 0.13% | No cap | The card's normal rate |
Terms on the base rate. 1 Reward Point per ₹200 (1x base). Rent, fuel, government, e-wallet loading, cash, quasi-cash and financial institution spends earn nothing; insurance points are capped at 250 a month.
Point value. 1 point is worth about ₹0.25 at the bank's stated value.
05Federal Bank Signet Credit Card Lounge Access and Travel
Domestic lounge access is 4 visits a year. Spend Rs 20,000 in the qualifying billing cycle for domestic lounge access. Spending abroad carries a 3.5% forex markup; rewards on it: 0.13% back (the normal rate). See what it costs on your trip
Also on the card. airport lounge access, milestone bonuses, movie ticket offers.
- Airport lounge access: Spend ₹20,000+ in a qualifying cycle (21st to 20th, not the calendar quarter) to unlock 1 domestic lounge visit the next quarter, the lowest bar of the three Federal cards. Primary cardholder only; cash and ATM spend do not count; unused visits do not carry forward.
- Milestone bonuses: Swiggy voucher worth ₹150 for spending ₹20,000 in a quarter (₹80,000 a year to qualify every quarter). Federal's two T&C pages disagree on frequency, one says once a calendar quarter the other once a financial year, so we value it at one voucher a year until that is resolved.
- Movie ticket offers: ₹100 off the second INOX ticket, once a quarter, you must buy two tickets in one transaction and the discount is capped at ₹100. Federal markets it as buy-one-get-one; its own terms cap it at ₹100.
06Federal Bank Signet Credit Card Eligibility and Documents
- Age
- 21 years and above
- Employment
- Salaried or self-employed
Documents. PAN card Aadhaar / valid address proof Latest 3 months bank statement Income proof, salary slips (salaried) or ITR (self-employed) Recent passport-size photograph
07Recent Changes
What Federal Bank changed on this card recently. The facts on this page already reflect them.
| Date | Change | Before | Now |
|---|---|---|---|
| 3 Apr 2023 | Changed: Signet becomes Lifetime Free for new applicants | ₹750 joining + ₹750 annual membership fee | ₹0, no joining fee, no annual fee |
| 27 Sept 2021 | Changed: RuPay rail added, Signet becomes a three-network card | Visa (and Mastercard) only | Visa, Mastercard and RuPay, the RuPay variant is UPI-linkable |
| 3 Sept 2021 | Changed: Federal Bank launches the Signet as part of its first own-brand card range | - | Signet launched on Visa as Federal Bank's entry-tier own-brand card |
See this card's change history → · All card changes in April 2023 →
08Cards Similar to Federal Bank Signet Credit Card
Federal Bank Signet Credit Card is a shopping card. The two below are the closest on SkyloFin; open any of them, or put them side by side.
| Feature | Federal Bank Signet Credit Card |  HSBC Live Plus Credit Card |  SBI Cashback Credit Card |
|---|---|---|---|
| Joining fee | Lifetime free | ₹999 + GST | ₹999 + GST |
| Annual fee | Lifetime free | ₹999 + GST | ₹999 + GST |
| Rewards | 0.13% base, up to 0.25% on streaming subscriptions; 0.38% only at partner merchants | 1.5% base, up to 10% on dining | 1% base, up to 5% on online shopping |
| Domestic lounge | 4 visits a year | 2 visits a year | Not included |
| Forex markup | 3.5% | 1.99% | 3.5% |
| Type | Shopping | Dining | Shopping |
09Explore More
Card facts last verified 11 October 2026.
Card data sourced via CardAdvisor.in, India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.
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Common Questions
What is the joining fee for the Federal Bank Signet Credit Card?
The joining fee is Free. Check the bank's page before you apply, because fees change and promotional waivers come and go.
What is the annual fee for the Federal Bank Signet Credit Card?
The annual fee is Free.
Does the Federal Bank Signet Credit Card give airport lounge access?
Yes. Domestic lounge access is 4 visits a year. Check the bank's page for the current rules, because lounge programmes change.
Does applying through SkyloFin cost more?
No. You pay the same fees you would pay applying directly with Federal Bank. We earn a commission from the bank when someone applies through our link, and that is how the site is funded.
SkyloFin is not a bank and does not approve applications. Fees, rewards and eligibility rules are set by the provider and can change without notice. Always read the terms on the provider's site before you apply.
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