MagniFi
Annual Fee
FREE
Rewards/₹100 ⓘ
₹0.50 - ₹5.00
Interest Rate
42.00%
Credit Score
730+
At a Glance
Key Benefits
5% back on weekends, 20% off at Zomato/Zepto/Amazon, save up to Rs 20K/year
Lounge Access
No lounge access available
Eligibility
Age: 18+ years, Income: Rs 25,000+/month, CIBIL: 730+
Quick Details
Reward Structure
All Spends
Weekend Spends (Sat-Sun)
Reward Calculator
Insurance Coverage
Lost Card
₹0
Zero liability for lost card transactions when reported within 3 days.
Fraud
₹0
Zero liability for unauthorized transactions when reported immediately.
Quick Analysis
MagniFi is a perfect lifestyle card for young Indians who spend more on weekends. With 5% back on weekend spends and exclusive partner discounts, it can save up to Rs 20,000 annually - outperforming many paid cards.
Pros
- Lifetime free - zero joining or annual fee|5% back on weekend spends across dining, shopping, travel, cabs, groceries|20% discount at Zomato, Zepto, BookMyShow, Amazon on weekends|Save up to Rs 20,000 annually|Fi-Points redeemable for vouchers, miles, bill payments|App-based management with spend insights
Cons
- No lounge access|3.5% forex markup on international transactions|No cash withdrawals allowed|Excludes fuel, utilities, insurance, gold from rewards|Lower weekday rewards at 0.5%
Best For
Weekend spenders, young professionals, online shoppers
Not Ideal For
Travelers needing lounges, weekday heavy spenders
Frequently Asked Questions
What is MagniFi Fi-Federal Credit Card?
What are the weekend rewards on MagniFi card?
What is the Fi-Points redemption value?
Are there any fees on MagniFi card?
Which categories are excluded from rewards?
User Reviews
Ready to Apply for MagniFi?
Get started with your application today and enjoy premium benefits, rewards, and exclusive privileges.
Apply Now on Fi Money Apply Now