Federal Bank RuPay Signet Contactless Credit Card

[Abhishek012]

Federal Bank RuPay Signet Contactless Credit Card - Press Release

Mumbai – September 27, 2021: Federal Bank joined hands with the National Payments Corporation of India (NPCI) to launch the ‘Federal Bank RuPay Signet Contactless Credit Card’. One of the major highlights of this card is, it comes with the lowest Annual Percentage Rate (APR) starting from just 5.88% per annum.

The Federal Bank RuPay Signet credit cardholders will gain access to a wide variety of offers and deals across categories including travel, food and dining, shopping, sports, entertainment, Lifestyle and much more. With a range of exciting offers, the card is presently offered to existing customers of the Bank. The offers include Amazon Gift vouchers as welcome benefits, attractive reward points, Buy One Get One (BOGO) free offer at INOX, complimentary membership programs, complimentary Swiggy vouchers, complimentary lounge access at Domestic and International airports and much more.

Adopting a ‘Digital First’ card approach, the card is immediately made available for use in FedMobile, the Bank’s Mobile Banking application, through a 3 click process. The physical card will be delivered to the customer in due course. Specially designed for millennial customers, this card offers an interesting 3-2-1 rewards structure personalised for them. They would get 3x rewards on spends for Electronics & Apparel categories, 2x rewards on Entertainment category and 1x rewards for other categories, using the Federal Bank RuPay Signet credit card

 

[mikrotik]

How many RuPay posts?

 

[Navjot Singh]

Till every bank in the country launches one.

 

[Sushubh]

just to make my position clear on his posts. it's clear that he represents rupay or npci or one of their partners. but as long as he is linking to official news sources and formatting his posts properly, i do not have an issue with his threads. yes, some of the launches he has posted today are weeks old. but in the end, it is still information of value. no matter my dislike for rupay platform.

 

[raj2007]

Annual Percentage Rate (APR) starting from just 5.88% per annum. That sounds interesting

 

[Abhishek012]

some of the launches he has posted today are weeks old. but in the end, it is still information of value.

Our 99% Indian population still doesn't know that RuPay also issuance credit cards. So, yes you are right. It doesn't matter if it's a few weeks or months old post. In the end, it is still information of value.

 

[wheatbread]

99% of the population doesn't even qualify for this or any type of credit card. Bad targeting.

 

[minuteman]

Our 99% Indian population still doesn't know that RuPay also issuance credit cards. So, yes you are right. It doesn't matter if it's a few weeks or months old post. In the end, it is still information of value.

Is rupay credit cards also have zero mdr like its debit cards? Any rupay credit cards that offers 1.5-2% cashback for every purchase? Also Paytm,mobikwik allow free loading of wallet using rupay CC?

 

[Abhishek012]

@minuteman No, RuPay credit cards has mdr fees, After the implementation of tokenization, RuPay tokenization debit card transactions will also charge mdr fees from merchants. Except for RuPay co-branded credit cards, none of the RuPay credit cards currently offer 1.5-2% cashback on every purchase. If any wallet companies charge extra fees on credit card load money then you have to pay on RuPay credit cards too. HDFC RuPay Millennia Credit Card coming soon, I think it will be the best credit card with lots of offers, wait till the official launch. Large RuPay co-branded credit cards also coming soon.