Federal Bank Scapia

Fees

Waiver: Genuinely lifetime free by product design per Federal Bank's own Key Fact Sheet (Joining Fees: Nil, Annual Membership Fees: Nil) — no promotional expiry or spend-based condition attached, unlike some other Federal Bank co-branded cards.

Rewards

Perks

• ✓Domestic lounge access: unlimited/yrUnlimited complimentary domestic lounge access, but it must be unlocked each billing cycle: per Federal Bank's own Card Holder Agreement (v7, updated for statements generated on/after 27 Feb 2026), the qualifying spend is ₹20,000 in card spend in the preceding billing cycle — for cardholders who hold both the Visa and RuPay variants, this ₹20,000 is aggregated across both cards; for those holding only one variant, ₹20,000 on that card alone unlocks it. (This raised and unified an earlier, lower two-tier threshold of ₹10,000 for Visa / ₹15,000 for RuPay that applied before the Feb 2026 change.) Access activates 3–5 working days after the qualifying billing date and must be re-earned every cycle — there is no permanent/lifetime unlock. Entry requires a QR code generated in the Scapia app at the airport (location access + boarding-pass upload required); some partner lounges cap the visit duration (typically 2–3 hours) and guests of the cardholder pay the lounge's standard walk-in price.
• ✓Fuel surcharge waiver: 1%1% fuel surcharge is waived only on transactions up to ₹5,000 each, capped at ₹500 of total waiver per month. Separately, any fuel spend beyond ₹50,000 in a calendar month attracts a 1% + GST convenience fee (capped at ₹3,000 per transaction) — this is a fee, not a waiver. Fuel transactions never earn Scapia rewards at all, regardless of amount.
• ✓Forex markup: 0%
• ✓Card is co-branded and issued by Federal Bank in partnership with Scapia Technology Pvt. Ltd., a fintech that markets/distributes the card and manages the reward-point (Scapia Coin) ledger via the Scapia app; Federal Bank is the sole regulated issuer, underwriter, and credit-limit decision-maker. Scapia does not have access to cardholder transaction data (per the official Card Holder Agreement).
• ✓The card is issued on two separate networks with different reward rates, not identical twins of one product: the Visa variant earns 10% rewards on eligible spend of ₹20+ per transaction; the RuPay variant (this record) earns 5% rewards, but only on eligible UPI, online, and offline spend of ₹500 or more per transaction — spends below that threshold on RuPay earn nothing. RuPay's UPI-linked spend counts toward rewards, which the Visa variant cannot offer since Visa isn't UPI-linked in India.
• ✓Real redemption value is materially lower than the headline reward-rate suggests: rewards convert 1:1 into Scapia Coins, but Scapia Coins are only worth 5 coins = ₹1 when redeemed against flights/hotels/buses on the Scapia app. So a 5% 'reward rate' on RuPay spend is worth roughly 1% of spend in actual redemption value (and the Visa card's 10% heading rate is worth roughly 2%) — not a 5%/10% cashback-equivalent card, despite how the headline number reads.
• ✓A materially higher 20% reward rate applies specifically to travel (flights/hotels/buses) booked and paid for inside the Scapia app itself — this is a channel bonus for booking through Scapia, not a blanket 'travel category' bonus that applies at any travel merchant.
• ✓Reward exclusions (per the official MCC classification table): no rewards on fuel, rent payments, money transfers, cash withdrawals, EMI transactions, forex transactions, education/school fees, gift cards, credit card repayments, crypto/digital-asset transactions, digital-wallet loading/top-ups, government services, or business services. Utility/telecom/cable and insurance-premium spends also stopped earning rewards entirely with effect from 27 Feb 2026 (previously they earned up to a ₹20,000/month cap before losing eligibility).
• ✓Scapia Coins expire after 36 months, and are also fully forfeited if the card sits unused for more than 365 days, or immediately upon account closure/termination or the cardholder's death.
• ✓Revolving credit and cash-advance interest is charged at 45% p.a. (3.75%/month) per Federal Bank's own Key Fact Sheet — this is on the higher end of the Indian credit card market. Cash advance fee is 2.5% of the amount withdrawn or ₹500, whichever is higher, with no interest-free period on cash.
• ✓No-cost EMI is offered specifically for flight/hotel bookings made on the Scapia app when converted to a 3-month EMI (interest is rebated back by Scapia); EMI on other purchases carries standard interest (14–20% p.a. post-purchase EMI) plus a ₹399+GST processing fee and a 2%+GST foreclosure charge if closed early.
• ✓Late payment fees are tiered by statement balance, from ₹0 (balance under ₹100) up to ₹1,000 (balance over ₹50,000); overlimit fee is 2.5% of the excess (min ₹500); cash withdrawal/advance limit is capped at 10% of the credit limit.
• ✓Mail order/telephone order (MOTO) transactions are blocked entirely on this card by design — the card network shares transaction data with Federal Bank specifically to decline any attempted MOTO transaction.
• ✓No complimentary travel insurance, purchase protection, or other insurance cover is disclosed in the official Card Holder Agreement or Key Fact Sheet.
• ✓Regulatory history worth flagging explicitly: in March 2024, RBI directed Federal Bank (and South Indian Bank) to pause issuance of new co-branded credit cards, which halted new Scapia Federal Credit Card sign-ups for a period. Independent reporting (TechnoFino, LiveFromALounge) indicates Scapia resumed onboarding new customers on the Federal Bank platform in 2025 after regulatory remediation. As of this record's verification date, Federal Bank's own apply page shows an active 'Apply Now' flow with no pause notice, and Federal Bank has continued publishing updated official Key Fact Sheet versions through 30 April 2026 and Card Holder Agreement amendments through at least 27 Feb 2026 — both inconsistent with a currently-paused product. In 2026 Scapia also expanded to a second issuing bank (Bank of Baroda/BOBCARD), with the app reportedly routing applicants to whichever bank partner is more likely to approve them; this multi-issuer safety net is itself informal, third-party-reported context rather than an official Federal Bank disclosure, so treat it as directional, not confirmed fact.
• ✓Minimum monthly/annual income eligibility is not stated anywhere in Federal Bank's own Key Fact Sheet or Card Holder Agreement for this card; only age (21–65 salaried, 25–65 self-employed) and Indian residency are specified officially. Any specific income figure seen elsewhere is not corroborated by an official Federal Bank source and has been deliberately left out of this record rather than backfilled from an aggregator.