Interested in financial products

Federal Bank, one of the popular banks in India, offers a wide range of credit products to its customers. With competitive interest rates on loans and credit cards, Federal Bank is a name to reckon in the credit market.

The customers can enjoy numerous benefits on tailor-made Federal Bank credit cards based on different needs.

Federal Bank Credit Cards

Federal Bank Credit Card Eligibility

For everyone, the needs are plenty, and it could differ for each of us depending on the lifestyle. Clearly understanding the customer’s spending habits, Federal Bank offers varied credit cards in the following categories.

1. Shopping Card – Exclusive rewards, offers and discounts on online and offline shopping

2. Cashback Card – Helps in saving money on every purchase through cashback points

3. Rewards Card – Accumulate reward points to get various gifts of your choice

4. Travel Card – Lounge access at airports and discounts on ticket and hotel bookings

5. Life Time Free Card – Free credit cards with no annual fees

6. Business Card – For efficiently managing your business with advance credit

7. Lifestyle Card – Discounts, offers and rewards on basic utilities

8. Entertainment Card

From the above listed credit cards, you can choose the one that suits your priorities and spending behaviour. You can save a huge amount through offers and rewards provided in each category.

Key Highlights of Federal Bank Credit Card Eligibility

Age21 to 60
Income RequirementMinimum of INR 18,000 per month
EmploymentSalaried or Self-Employed
Interest Free PeriodUp to 50 days
ATM Cash Withdrawal Charges3.0% of amount withdrawn or INR 300

Federal Bank Credit Card Eligibility Factors

Individuals who want to apply for a Federal Bank credit card must meet the following eligibility criteria.

Age Criteria

To apply for a Federal Bank credit card, you must fall into the age limit set by the bank. The applicant should be minimum of 21 years old and maximum of 60 years. Anyone falling under this age limit can apply for a credit card with Federal Bank. Add-on credit cardholder should be 18 years and above.

Income Criteria

You must have a regular income to avail a Federal Bank credit card. The income criteria differ according to the features and specifications of the card. You can get a Federal Bank credit card against your fixed deposit and minimum income of INR 18,000. However, income may vary for different cards based on specifications and features.

The customer should show a proof of steady source of income to avail a credit card from Federal Bank. You can either be a salaried employee working in an established company or a self-employed professional managing your own business.

Nationality: The applicant should be a resident of India or Non-Resident Indian.

Factors Affecting Federal Bank Credit Card Eligibility Criteria

The applicant must check the following things while applying for a Federal Bank credit card.

Income of the Applicant: Your income plays an important role while applying for a credit card. This is a proof to the bank that you will be able to pay your credit card bill.

You can also get a Federal Bank credit card against a fixed deposit.

Age of the Applicant: Using a credit card becomes a huge responsibility. An individual gets a steady source of income only after a certain period of years. Hence, the banks are certain about age criteria in giving a credit card as they expect a proper payment every month.

Credit History of the Applicant: Credit history is a clear proof of how an individual manages his/her credit related activities. A good credit history is highly preferred by the lender for offering a credit card.

Nationality Criteria of the Applicant: The applicant should be a resident of India or Non-Resident Indian.

How to Apply for Federal Bank Credit Card?

If you want to apply for a Federal Bank credit card, the process is simple, and you can follow the steps given below to get it.

Credit Card Application Online for New Customers

  • You can visit the ‘Credit Cards’ page of the Federal Bank official website.
  • Enter your personal and contact details.
  • After the verification, a representative from the bank will get in touch with and ask guide you through the process.
  • You may have to submit KYC documents and income proof to get a Federal Bank credit card.
  • You can also visit the nearby Federal Bank branch to apply for a credit card.

Credit Card Application Online for Existing Customers

  • Visit the ‘Credit Cards’ page of the Federal Bank official website
  • You will have to enter your net banking customer id and mobile number.
  • You can directly apply online for a credit card.
  • You can also visit a nearby Federal Bank branch to apply for a credit card.

Documents Required to Apply for a Federal Bank Credit Card

To apply for a Federal Bank credit card, you need to submit the following documents.

Fees and Charges on Federal Bank Credit Card

Annual Membership Fee: The cardholder will have to pay annual membership fee for primary and add-on cards as set by the bank. The charges may vary for different cards depending on the schemes. Annual fees will not be refunded to the cardmember at the time of closure of the credit card.

Cash Advance Fees: The cardholder can use the credit card to withdraw money from ATMs in India and abroad any time. For each transaction, a fee of 2.5% of amount withdrawn or INR 300 will be charged, and it will be added in the next monthly bill. ATM transactions do not get interest free period unlike other purchases.

Late Payment Charges: Late payment charges are applicable if minimum amount due is not paid on or before the due date. Following are the late payment charges applicable.

Dhanlaxmi bank charges minimum of INR 100 and maximum of INR 600 based on the statement balance.

Statement BalanceLate Payment Charges
Less than INR 200Nil
INR 200 to INR 500INR 100
INR 500 to INR 1000INR 400
INR 1000 to INR 10,000INR 500
INR 10,001 and aboveINR 750

Interest Free Credit Period on Federal Bank Credit Card

Federal Bank cardholder can get interest free credit period of up to 50 days, however, it is subject to change according the scheme and card. You won’t get an interest free period if the previous month’s balance is not cleared in full on or before due date. Similarly, interest free period is not applicable for withdrawing cash from ATM.

How to Pay Federal Bank Credit Card Bill?

You can use the following methods to pay your Federal Bank credit card bills.

Federal Bank Account Holders:

You can register with the bank for net banking facility to make your credit card payments online. After the registration, you can submit a written standing instruction to automatically debit a pre-determined amount from your account. This can help you pay the bills on time and avoid paying interest on late payment.

All Customers

NEFT: You can pay your credit card bill from any other bank account by using the NEFT facility. The instructions may vary slightly in different banks, but, in most cases you need to add your credit card number as the payee account number to make the payment through NEFT. Any payments made during the working hours on a weekday are credited on the same day while the payments made after working hours are credited on the next business day.

Bill Desk: You can use the Federal Bank Bill Desk web page which is set up to pay your credit card bills. Fill out the required details which also includes the credit card number and payment amount. The customers are then directed to Federal Bank’s net banking portal to complete the credit card bill payment. The customers will receive an online transaction confirmation as well as a Transaction Reference Number after a successful transaction.

Cash payment: You can pay your federal Bank credit card bills by paying in cash at any one of the branches nearest to you. A processing fee per payment will be charged by the bank when you pay your credit card bill.

Cheque payment: If you prefer to pay your credit card bills using cheques, then you can do so in the same way as you would pay your credit card bills by paying cash. You can also drop of the cheques mentioning your credit card number and other required details at the bank ATMs where there are drop boxes for this purpose. The payment will get cleared within 3 working days.

How to Increase Federal Bank Credit Card Limit?

The credit limit on the Federal Bank credit cards are determined by the bank at its sole discretion. The available credit limit is communicated to the cardholder at the time of card delivery.

The customer who wants to increase the credit limit can write to the bank asking for increase in the credit limit. While requesting for the increase, the cardholder needs to submit the financial documents such as salary slip, bank statement, income tax returns etc. However, the credit limit increase is determined at the sole discretion of the bank.

Federal Bank Credit Card Customer Care

You can get in touch with the Federal Bank credit card customer care 24X7 by contacting the following numbers.

You can call the toll-free number 18004251199 from your mobile and Landlines in India.

You can also write to Federal Bank zonal offices and post your queries related to credit cards.

How to Apply for Credit Card at CreditMantri?

It is now easy to check whether you are eligible to get a Federal Bank credit card at CreditMantri. You can follow the below steps to check your credit card eligibility.

1. Visit the CreditMantri website

2. Click on ‘Credit Cards’ option which will take you to the page where a credit cards from varied banks are listed.

3. You can sort the cards either by bank or categories such as entertainment, cashback, shopping, fuel, rewards, lifestyle and travel.

4. Click on ‘Check Eligibility’ which is displayed against the credit card you choose from the page.

5. You will now be directed to a page where you will have to fill up personal and contact details such as name, email id, mobile number, gender etc. Click on ‘Next’ to proceed to the next step.

6. You will now be asked to submit your income details and after which you will be shown credit cards that you are eligible for. You can choose any of them from the list and apply for it.

Why Apply for a Credit Card Through Creditmantri?

CreditMantri pre-screens your application and suggests the lender who suits your eligibility and is willing to lend to you. This increases the chances of approval rate and helps you get the right loan or credit card much easier.

FAQs Of Federal Bank Credit Card Eligibility

1. What are the credit cards offered by Federal Bank?

Federal Bank offers two types of credit cards. they are:

  • Federal Bank SBI - VISA Gold 'N More credit card
  • Federal Bank SBI VISA Platinum credit card

2. What is the maximum credit limit I can get on my Federal Bank Credit cards?

You can get a maximum credit limit of up to Rs. 5 lakhs on Federal Bank credit cards. However, note this to be eligible for the maximum credit limit, you have to meet the various credit card eligibility criteria set by the bank.

3. Which Federal Bank credit card can I use for international transactions?

You can use both the Federal Bank SBI cards - VISA Gold 'N More and Federal Bank SBI VISA Platinum credit cards for international transactions.

4. How can I apply for credit cards from Federal Bank?

To apply for a Federal Bank credit card, you can approach your nearest branch or login to the Federal Bank official website. There is an option ‘Apply Now’ that will help you with the online credit card application process.

5. What are the primary factors that Federal Bank looks into while processing my credit card application?

The essential factors that determine your credit card eligibility are:

  • Credit Score
  • Income
  • Employment type
  • Age
  • Existing relationship with the bank

6. Why is my credit score essential to get a Federal Bank credit card?

Your credit score indicates your credibility. It asserts your repayment capacity to the banker. Since a credit card is a type of credit, the banker prefers an applicant with a good credit score.

7. Is there age eligibility for Federal Bank credit cards?

Yes, the applicant should be at least 21 years old to get a Federal Bank credit card.

8. What are the documents I need to submit to get a Federal Bank credit card?

The primary documents to be submitted are Identity Proof, Address Proof & Income Proof.

9. Do I need to be an existing customer of Federal Bank to avail their credit cards?

No, not necessary. Even non-customers can apply for a credit card from Federal Bank.

10. Are Federal Bank credit cards issued only to salaried individuals?

No, self-employed individuals can also apply for Federal Bank credit cards.

11. What is the minimum income requirement to apply for Federal Bank credit cards?

The individual should have a minimum income of Rs. 18,000 per month to avail Federal Bank credit cards.

12. Can a foreigner apply for Federal Bank credit cards?

No, only Indian citizens and NRIs can apply for Federal Bank credit cards.

Federal Bank Credit Card Eligibility - Customer Reviews

4 / 5 (62 Reviews)
16 Jun 2021

Good website - easy to use,Good

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