Showing 2 cards
Best for: CRED members, online shoppers, e-commerce enthusiasts, UPI users
CRED IndusInd RuPay Credit Card
APPLY NOW
on IndusInd Bank's website
Annual fee
₹499
#75Rewards rate
₹1.00 - ₹5.00/₹100
#49Joining fee
FREE
#1Interest rate
46.00%
#260 Card details
Forex Markup
3.50%
#75
Min Credit Score
750+
#186
Min Monthly Income ₹25
Categories E-commerce, Rewards, Shopping, UPI
CardNitty's take
Pros
- Zero joining fee, first year free
- 5% rewards on e-commerce, CRED Pay, CRED Travel, CRED Store, CRED UPI
- High reward redemption value (1 CRED Point = Rs 1 for flights/hotels)
- RuPay network with UPI compatibility on CRED platform
- 1% fuel surcharge waiver up to Rs 300 per month
- Complimentary personal accident and travel insurance
- Card protection with liability cover
- Low annual fee of just Rs 499 from second year
- UPI compatibility on PhonePe, Google Pay (no rewards though)
- Designed for high-creditworthy CRED members
Cons
- Invite-only card, not open for public application
- 5% rewards limited to specific categories with caps
- Monthly cap of 5,000 points for 5% categories
- UPI Scan & Pay rewards capped at 500 points per month
- CRED Points valid only for 24 months
- Rewards only on CRED platform, limited redemption options
- Lower value on bill payments (1 point = Rs 0.5)
- No lounge access benefits
- No fee waiver option available
- 3.5% forex markup not competitive for international spends
- Offline spending earns only 1% rewards
Best for: UPI credit transactions, existing Federal Bank customers, utility payments via UPI
RuPay Wave Credit Card
APPLY NOW
on Federal Bank's website
Annual fee
FREE
#1Rewards rate
₹0.12/₹100
#302Joining fee
FREE
#1Interest rate
41.88%
#88 Card details
Forex Markup
3.50%
#75
Min Credit Score
700+
#54
Min Monthly Income ₹25
Categories Floater Card, Lifetime Free, UPI, Utility
CardNitty's take
Pros
- Lifetime free floater card - zero fees
- UPI-enabled credit card for seamless payments
- 10% cashback on first 5 UPI transactions (up to Rs.200)
- 1000 bonus points on Rs.50K quarterly spend
- Shares credit limit with primary card
- Quick issuance via FedMobile app
- Valid in India and internationally (except Nepal/Bhutan)
- No cash advance fees
- No over-limit facility charges
- Separate billing for better expense tracking
Cons
- Exclusively for existing Federal Bank cardholders only
- Very low base reward rate (0.125% - worst in category)
- No accelerated rewards on any category
- Reward points valid for limited period
- Higher interest rate at 41.88% per annum
- Quarterly milestone requires high spend (Rs.50K)
- 10% cashback capped at Rs.200 total
- Reward redemption fee of Rs.99 per request
- Lower point value for cash redemption (Rs.0.10/point)
- No lounge access or travel benefits
- Shares credit limit with primary card