SimpliFi Fi Credit Card by Federal Bank

Feature

Details

Card Name

SimpliFi Fi Credit Card by Federal Bank

Issuer

The Federal Bank Ltd.

Other Names

Federal Bank's Simplifi Credit Card, Simplifi Credit Card, Credit Card by Federal Bank

Card Network

Visa

Rewards
Online	On Weekdays you will get 5 Fi Coins for every 100 rupees spent, On Weekends you will get 15 Fi Coins for every 100 rupees spent.
Offline	On Weekdays you will get 5 Fi Coins for every 100 rupees spent, On Weekends you will get 15 Fi Coins for every 100 rupees spent.
Other Rewards	For various offers you can redeem accumulated Fi Coins via Fi App. FD security with interest rate up to 7.40% per annum.
UPI Rewards	Not Applicable
Domestic Lounges	No Applicable
International Lounges	No Applicable
Fuel Surcharge Waiver	1% surcharge at the fuel station.
Insurance Benefits	No Applicable
Reward Rate	0.25
Golf	Not Applicable
Movie And Dining	Not Applicable
Redemption Process	Redeem your Fi Coins via Fi App for free From the date of issuance the reward points will be valid up to 2 years.

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Fee
Joining Fee	NIL
Renewal Fee	NIL
Fee Waiving	Not Applicable
Forex Markup	3.5%
Cash Advance Charges	2.5% of withdrawn amount or INR 250, whichever is higher.
Reward Redemption Fee	NIL
Interest Rates	3.49% per month, 1st September 2024 onwards 3.75% per month.
Cash Withdrawal Fee	2.5% of withdrawn amount or INR 250, whichever is higher.
Over Limit Penalty	This facility is not available.
Card Replacement Fee	INR 250, this amount will be waived of in case any fraud suspected at bank's discretion.
Min. Repayment Amount	5% of total spend amount and 100% of EMI's dues, fees, interest and charges
Late Payment Fee	INR 100 to INR 1500 on billed amount Rs 0 - Rs 100 : Nil Rs 101- Rs 500: Rs 100 Rs 501 - Rs 1000 : Rs 300 Rs 1001 - Rs 3000 : Rs 400 Rs 3001 - Rs 5000 : Rs 500 Rs 5001 - Rs 10000 : Rs 750 Rs 10000 - Rs 25000 : Rs 1000 More than Rs 25001 : Rs 1500.
Reward Points Cap	10,000 Fi Coins maximum for each billing cycle.
Cash Advance Limit	20% of the available limit of the card.

Pros

No charges for joining or at the time of renewal.
On weekend spends you will get a high reward rates.
No fees for reward redemption.
3.5% Forex Markup Fee, better than other credit cards.
No need to worry about Low Credit Score.
FD security with interest rate up to 7.40% annually.
Up to 48 days no interest will be charged.

Cons

Interest rates are higher.
No domestic or international lounge benefits.
Reward categories are very limited.
No cashbacks or any benefits on movie and dining.
INR 200 will be charged on card cancellation within 12 months of issue.

How to Apply

Download Fi App to apply for this card.

Eligibility
Fixed deposit is necessary with Federal Bank. Credit score is not required. Minimum 6 months of Fixed Deposit is necessary.

Documents and Links

Customer Care

080-47485490
[email protected], [email protected], [email protected], [email protected]
https://fi.money

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