Make everyday UPI payments through credit with a RuPay card designed for simple and convenient transactions.
Earn reward points on eligible transactions
Receive bonus reward points on reaching quarterly spending
Enter your details to get started
| Benefit | Details |
|---|---|
| UPI Enabled Payments | The card can be linked to supported UPI applications, allowing payments at merchants through QR codes using credit. |
| Standard Rewards | Earn 1 reward point for every Rs. 200 spent on eligible purchases. |
| Milestone Reward | Receive 1,000 bonus reward points on spending Rs. 50,000 in a calendar quarter. |
| Welcome Cashback | Get 10% cashback on the first five UPI transactions. |
| Lifetime Free | No joining fee and no annual fee for this card. |
| RuPay Acceptance | Transactions can be carried out across RuPay-enabled merchant locations and digital payment networks in India. |
| Attribute | Classification |
|---|---|
| Issuer / Provider | Federal Bank |
| Bank / Non-bank | Bank-affiliated |
| Category | UPI / Rewards |
| Type of Card | RuPay |
| Free or Paid | Lifetime Free (Rs. 0 Joining and Annual Fee) |
The Federal Bank RuPay Wave Credit Card is designed for individuals who frequently use UPI payments and prefer to make transactions using credit rather than a bank balance. The card enables users to link their credit line to UPI-supported applications and pay merchants through QR codes or UPI IDs. This makes it particularly suitable for people who regularly make digital payments at small merchants, local stores, and service providers that accept UPI. With a simple reward structure, milestone reward points, and no joining or annual fee, the card offers a practical option for existing Federal Bank credit cardholders who wish to extend the convenience of their credit limit to UPI transactions without additional costs.
Global Acceptance: The card can be used across merchant outlets that accept RuPay cards and digital payments across India.
UPI Integration: The card can be linked with supported UPI applications, allowing cardholders to make payments using their credit card through QR code scanning.
Contactless Payments: The card supports modern digital payment methods through RuPay infrastructure and UPI connectivity.
Digital Management: Transactions, statements, and card management can be handled through Federal Bank’s digital banking channels, such as FedMobile.
Cardholders earn reward points on eligible retail transactions made using the card.
1 Reward Point: Earn 1 reward point for every ₹200 spent on eligible purchases.
When a cardholder spends ₹50,000 in a calendar quarter, an additional 1,000 reward points are credited as a milestone reward.
Reward points accumulated through the Federal Bank RuPay Wave Credit Card can be redeemed through the Federal Bank rewards programme. Cardholders can explore redemption options through the bank’s digital platforms.
Cashback Offer: New cardholders can receive 10% cashback on the first five UPI transactions made using the card.
UPI Payment Flexibility: The Federal Bank RuPay Wave Credit Card allows payments through UPI-enabled apps.
QR Code Payments: Cardholders can scan QR codes at merchant outlets and pay using their credit card instead of a bank account balance.
Transaction Convenience: UPI-based payments allow quick and secure transactions without the need for physical card swiping.
Disclaimer: The card features, benefits, application process, and other details mentioned above are accurate at the time of writing but may change without prior notice.
| Fee Type | Amount | Details |
|---|---|---|
| Joining Fee | Rs. 0 | No joining fee charged at the time of issuance. |
| Annual Fee | Rs. 0 | No annual renewal fee applicable. |
| Add-on Card Fee | Rs. 0 | No fee for the Wave card as it functions as a floater card linked to the primary card. |
| Criteria | Details |
|---|---|
Age | Minimum 18 years |
Residency | Resident of India |
Existing Relationship | Must be an existing Federal Bank credit cardholder |
Occupation | Salaried or Self-Employed |
Credit Profile | A healthy credit history may improve approval chances |
| Document Type | Details |
|---|---|
| Identity Proof | PAN Card, Aadhaar Card, Passport, Driving Licence or Voter ID |
| Address Proof | Aadhaar Card (masked), Passport, Driving Licence, Voter ID or Utility Bill |
| Income Proof | Bank statements, salary slips, Form 16 or Income Tax Return, where required |
| Photographs | Recent passport-size photographs if required by the bank |
Step 1: Click on Apply Now: Hit the "Apply Now" button to start your application.
Step 2: Fill in Your Detail: Enter your personal, contact, and financial details in the application form.
Step 3: Upload Required Documents: Upload your PAN Card, Aadhaar/Address Proof, and Income Proof.
Step 4: Submit Your Application: Review all the details and click Submit.
Step 5: Approval & Card Delivery: Once approved, your Federal Bank RuPay Wave Credit Card will be delivered to your registered address.
| Usage Tips | Details |
|---|---|
Link to UPI Apps | Connect the card to a supported UPI application to enable QR code payments through credit. |
Use for Everyday Payments | Make daily purchases at merchants that accept UPI payments. |
Track Quarterly Spending | Plan spending to reach Rs. 50,000 in a quarter to earn the milestone reward of 1,000 points. |
Claim Welcome Cashback | Make the first five UPI transactions within 30 days to receive the introductory cashback benefit. |
Monitor Transactions | Use digital banking channels such as FedMobile to track spending and card activity. |
Pay Bills on Time | Clear the outstanding balance before the due date to maintain a healthy credit profile. |
Redeem Reward Points | Periodically review the rewards catalogue and redeem points for available options. |
The Federal Bank RuPay Wave Credit Card is designed for users who want to maximize their credit card benefits effectively.
Disclaimer: The information provided on this page has been gathered from various reliable sources and is intended solely for general informational purposes. As details may change over time, we do not guarantee the accuracy or completeness of the content. Users are advised to verify the information with official or relevant sources before making any decisions or taking action.
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