Federal BankFederal Bank Mastercard Signet Credit Card
The Federal Bank Mastercard Signet Credit Card is a lifetime-free entry card from Federal Bank that punches above its zero-fee tier by including 1 complimentary domestic lounge visit per quarter.
Top Category Performance
Beginner & Zero Fee (94/100)
Joining Fee
Free
Annual Fee
Free
Reward Rate (%)
1 – 3
Forex Markup
3.5%
Apply may use an affiliate link — we may earn a commission; this doesn't affect our data or ratings.
CardCheck Rating & Score
Our proprietary algorithm evaluates cards across reward value, fee fairness, lounge access and terms to provide an unbiased score.
Reward Power
27/35
Fee Value & ROI
25/25
Lounge & Perks
11/20
Forex & Access
12/20
Category Strengths Breakdown
Ranked by strongest spend categoryScoring Methodology: Evaluated deterministically using verified bank MITC filings, fee waiver spend ratios, reward percentage caps, and lounge agreements. No card receives sponsored score inflation. Learn how we score →
Federal Bank Mastercard Signet Credit Card Benefits
Federal Bank Mastercard Signet Credit Card Rewards
How you earn back on every swipe
points
Reward type
1% – 3%
Earn rate
Federal Bank Mastercard Signet Credit Card Fees & Charges
Programme fees we track below. Interest on cash withdrawals or revolving balances, late-payment slabs and other charges are set by the bank and spelled out in their Most Important Terms and Conditions (MITC). Use the official product page for those details.
Federal Bank Mastercard Signet Credit Card Lounge Access
Airport perks included with this card
1 per quarter
Domestic lounge visits
0 per year
International lounge visits
Things to Keep in Mind
- cash withdrawals excluded from annual fee waiver
- cash transactions not counted for lounge eligibility
- wallet loading attracts fee
- rent payments attract fee
Card Features
🎉 Zero Annual Fee — 100% Net Profit
Federal Bank Mastercard Signet Credit Card has no recurring renewal charges. Every rupee of rewards and cashback you earn is pure profit with zero spend hurdles.
Tips & reviews
Community comments — not financial advice. Bank terms still apply.
Federal Bank Mastercard Signet Credit Card Eligibility
Employment type
Pros & Cons
- 3x rewards on electronics and apparel
- 2x rewards on entertainment
- 1x rewards on other spends
- Complimentary domestic lounge access
- Amazon Pay voucher (Rs. 200 on minimum spends of Rs. 3000 on first 30 days)
- Swiggy voucher on quarterly spend
- Low reward rate
- Only 1 lounge visit per quarter
- No international lounge access
- No travel or lifestyle premium benefits
Who is this card for?
First-time credit card users and Federal Bank account holders who want a lifetime-free card with basic rewards and an introductory taste of lounge access without any annual commitment.
Quick Links
Data last updated 6 Aug 2026
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Calculate your exact earnings with Federal Bank Mastercard Signet Credit Card
Enter your monthly spending in groceries, dining, fuel, travel, and shopping to calculate your guaranteed net return after annual fees.