Federal Bank Imperio
Lifetime-free Federal Bank Mastercard for grocery shoppers: 3X rewards on groceries and healthcare, domestic lounge access, and an ongoing Mastercard Shop Perks cashback platform (April 2023+).
groceriesfees-freelifestyle
Fees
Waiver: Lifetime free under a limited-period offer effective for customers onboarded from 3 April 2023 onward (no joining or annual fee charged). Federal Bank's own schedule of charges lists a base joining/annual fee of ₹1,500 for Imperio (applies to both network variants) that would otherwise apply if this promotional waiver is withdrawn; for customers outside the promotional window, the joining fee is waived on spending more than ₹20,000 within the first 3 months, and the following year's annual fee is waived on spending ₹1,50,000 or more in the current year.
Eligibility
Age: 21+ yrs
Employment: salaried, self employed
Rewards
groceries3x points
all other1x points
Welcome benefits
- • Amazon Pay e-Voucher worth ₹400 on spending ₹5,000 or more within the first 30 days of card issuance
Perks
- ✓Domestic lounge access: 8/yr2 complimentary visits per quarter (8/year), unlocked only if card spend in the preceding quarter was ₹40,000 or more; no visits in a quarter that doesn't meet the spend threshold
- ✓Fuel surcharge waiver: 1%
- ✓Forex markup: 3.5%
- ✓Federal Bank Mastercard Shop Perks: an ongoing cashback platform layered on top of regular merchant offers — this replaces the Visa variant's 'FedDelights' partner-hotel dining discounts (up to 15% off). Federal Bank's own page describes Shop Perks only as 'ongoing attractive cashback offers, across various brands,' with no partner count, brand list, or per-brand cashback percentages published, so none of those specifics are asserted here.
- ✓Federal Bank's own published '3-2-1' reward structure actually grants 3x points on Healthcare spends (in addition to Grocery) and 2x points on Utility bill payments (electricity, gas, mobile) — these two categories don't map cleanly onto this site's standard reward-category taxonomy, so they're noted here rather than as separate rows above
- ✓Complimentary BigBasket vouchers on ₹50,000 or more spend within a quarter
- ✓Cash advance limit is 20% of total credit limit; cash advance fee is 2.5% of amount withdrawn or ₹500, whichever is higher
- ✓Reward points redemption carries a flat ₹99 fee per redemption request
- ✓Dynamic currency conversion (DCC) is applied on foreign-currency transactions at the same 3.5% markup rate; the cardholder can accept or decline DCC at the point of transaction
- ✓No international lounge access is listed for Imperio (unlike some other Federal Bank cards in the same lineup) — only domestic lounge access is offered
- ✓One third-party aggregator (bankcliq.com) lists a minimum age of 28 and minimum net annual income of ₹12 lakh for this Mastercard variant, but this conflicts with Federal Bank's own credit-card FAQ page (which states a general minimum age of 21 for unsecured cards) and is not corroborated elsewhere, so it was not used for the eligibility fields on this record
Common questions
- What is the annual fee on the Federal Bank Imperio?
- The joining fee is ₹1,500. The annual fee is ₹1,500. Lifetime free under a limited-period offer effective for customers onboarded from 3 April 2023 onward (no joining or annual fee charged). Federal Bank's own schedule of charges lists a base joining/annual fee of ₹1,500 for Imperio (applies to both network variants) that would otherwise apply if this promotional waiver is withdrawn; for customers outside the promotional window, the joining fee is waived on spending more than ₹20,000 within the first 3 months, and the following year's annual fee is waived on spending ₹1,50,000 or more in the current year.
- What are the reward rates on the Federal Bank Imperio?
- Federal Bank Imperio earns 3x points on groceries, 1x points on all other spends.
- Does the Federal Bank Imperio offer airport lounge access?
- Yes: 8 domestic lounge visits per year (2 complimentary visits per quarter (8/year), unlocked only if card spend in the preceding quarter was ₹40,000 or more; no visits in a quarter that doesn't meet the spend threshold).
- Who is eligible for the Federal Bank Imperio?
- Applicants typically need a minimum age of 21, and must be salaried or self employed. Exact criteria are set by Federal Bank and can vary by application.
- Is the Federal Bank Imperio available on other networks?
- Yes, it's also issued on Visa. Same fees and reward structure as the Mastercard variant. This Visa variant's movie-ticket BOGO offer is uncapped, while Mastercard's is capped at ₹100 off per pair; Visa gets 'FedDelights' dining discounts (up to 15% at partner hotels) where Mastercard instead gets its own 'Mastercard Shop Perks' cashback program.