Showing 1 card
Best for: Family expenses, healthcare, groceries, utility bills
Mastercard Imperio
APPLY NOW
on Federal Bank's website
Annual fee
FREE
#1Rewards rate
₹0.17 - ₹0.50/₹100
#238Joining fee
FREE
#1Interest rate
32.28%
#32 Card details
Forex Markup
3.50%
#75
Domestic Lounge
2/year
#92
Min Credit Score
750+
#186
Categories Family, Grocery, Lifetime Free, Utility
CardNitty's take
Pros
- Lifetime free card - zero joining and annual fees
- 3x rewards on healthcare and grocery spending
- 2x rewards on utility bill payments
- 2 domestic lounge visits per quarter
- Rs.400 Amazon voucher on Rs.5K spend in 30 days
- Rs.300 BigBasket voucher on Rs.50K quarterly spend
- 1% fuel surcharge waiver (up to Rs.100/month)
- BOGO movie tickets on INOX (once per quarter)
- Low APR starting from 8.28% per annum
- 15% dining discount via FedDelights program
Cons
- Very low base reward rate (0.17% on general spends)
- Annual fee waiver requires Rs.1.5L spend/year
- Reward redemption fee of Rs.99 per request
- Higher forex markup at 3.5%
- Limited lounge access vs premium cards
- Reward points valid for only 1 year
- Quarterly spend threshold for lounge access
- No international lounge access
- Lower point value vs competitors