Joining Fee:
FREE
Return Percentage:1% to 3%
Credit Card Overview
A RuPay Wave card offering contactless transactions, cashback on utility and lifestyle spends, and simple benefits for domestic users.
Best Suited For: Cashback
FederalFees and charges at a glance
- Annual fee
- Free
- Joining fee
- Free
- Reward rate
- 1% to 3%
- Forex markup
- 3.5%
- Interest rate
- 45% p.a.
- Add-on card
- Free
Nothing to pay each year
No cost to get the card
Depends where you spend
Extra charge on foreign spends
Only if you don't pay the full bill
An extra card for family
Federal Rupay Wave credit card — Benefits and Offers
Other benefits
- Ongoing
Cashback
Unlock 10% cashback on your first 5 UPI transactions made within the first 30 days of card issuance (upto Rs 200/-).
- Unlock 10% cashback on your first 5 UPI transactions made within the first 30 days of card issuance (up to Rs. 200/-).
How to use this
- To avail this benefit, use your Federal Bank Rupay Wave card for eligible transactions at partner merchants. Cashback will be credited as per the offer terms, typically within a specified period.
