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Mastercard Imperio

Federal Bank
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Family Grocery Lifetime Free Utility

Annual Fee

FREE

Rewards/₹100 ⓘ

₹0.17 - ₹0.50

Normalized to balance base rate with bonus categories

Interest Rate

32.28%

Credit Score

750+

At a Glance

Key Benefits

3x rewards on healthcare & grocery, 2x on utilities, 1% fuel waiver, BOGO movies

Lounge Access

2 domestic lounge visits per quarter (on spending Rs.40K/quarter)

Eligibility

Age: 28-65 years, Annual income: Rs.12L+, CIBIL: 750+

Quick Details

Annual Fee
FREE #1
Joining Fee
FREE #1
Interest Rate
32.28% p.a. #32
Forex Markup
3.50% #75
Rewards/₹100
₹0.17 - ₹0.50 #238
Reward Type Reward Points
Reward Currency Points
Domestic Lounge Visits
2/year #92
Min Credit Score
750+ #186
Min Monthly Income ₹NaN
Network MASTERCARD
Card Replacement Fee 200
Late Payment Fee ₹500
Cash Advance Fee ₹500 2.50% (min ₹500)
Card Replacement Fee ₹200

Reward Structure

Base

All Spends

₹0.17 /₹100
Cat

Grocery

₹0.50 /₹100
Cat

Healthcare

₹0.50 /₹100
Cat

Utility Bills

₹0.33 /₹100

Reward Calculator

₹
Allocate by Category100%
Grocery
2.0 pts
40%₹20,000
Healthcare
2.0 pts
25%₹12,500
Utility Bills
1.3 pts
20%₹10,000
Other Spends
0.7 pts
15%₹7,500
Your Rewards
Points Earned833
Cash Value₹208
Breakdown
Grocery400
Healthcare250
Utility Bills133
Other Spends50
Total Value₹208
Quick amounts:

Milestone Benefits

Welcome Bonus

Amazon Pay e-Voucher worth Rs.400

Spend ₹5,000 within 30 days

₹400

value

Milestone

BigBasket gift voucher worth Rs.300

Spend ₹50,000 within 90 days

₹300

value

Airport Lounge Access

Domestic Free
2

visits per quarter

Spend Rs.40,000 in previous quarter

Insurance Coverage

Air Accident

₹1,00,00,000

Complimentary air accident cover

Lost Card

₹50,000

Lost card liability cover

Lifestyle Perks

Movies

1 /quarter

BOGO on INOX movie tickets (up to Rs.100 off)

Dining

15.00% off

15% discount on dining via FedDelights program

Quick Analysis

Federal Bank Mastercard Imperio is a solid lifetime free card for families focused on healthcare, groceries, and utilities. Best suited for those seeking category-specific rewards without annual fees.

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

Best For

Family expenses, healthcare, groceries, utility bills

Not Ideal For

Travel rewards, international transactions

Frequently Asked Questions

Is Federal Bank Mastercard Imperio really lifetime free?
Yes, there are no joining or annual fees for cards issued after April 3, 2023. Cards issued before this date continue with the original fee structure.
What is the reward points structure?
3 reward points per Rs.150 on healthcare & grocery, 2 points per Rs.150 on utility bills, and 1 point per Rs.150 on all other spends. 1 reward point = Rs.0.25.
How do I get lounge access?
Spend Rs.40,000 or more in a quarter to get 2 complimentary domestic lounge visits in the next quarter.
What are the welcome benefits?
Get an Amazon Pay e-Voucher worth Rs.400 on spending Rs.5,000 within the first 30 days of card activation.
How long are reward points valid?
Reward points are valid for 3 years from the date of accrual.
Is there a fuel surcharge waiver?
Yes, 1% fuel surcharge waiver at all fuel stations across India for transactions between Rs.400 to Rs.4,000, with a maximum waiver of Rs.100 per month.
What is the forex markup fee?
The forex markup fee is 3.5% of the transaction amount for international transactions.
Can I convert purchases to EMI?
Yes, the Mastercard Imperio comes with EMI conversion facility. You can apply for EMI conversion through customer service or net banking/mobile banking.

User Reviews

Our Rating

3.8
APPLY NOW

on Federal Bank's website

Rating Breakdown

Rewards
3.2/5 Top 64%
Benefits
3.7/5 Top 55%
Fees
5.0/5 Top 8%
Value for Money
3.9/5 Top 19%
User Reviews
3.0/5 Top 50%

Important Links

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