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SimpliFi

Fi Money |
Entry Level Lifetime Free Rewards Shopping

Annual Fee

FREE

Rewards/₹100 ⓘ

₹1.25 - ₹3.75

Normalized to balance base rate with bonus categories

Interest Rate

42.00%

0

At a Glance

Key Benefits

3X weekend rewards, 6.7% FD interest, 90% FD credit limit

Lounge Access

No lounge access

Eligibility

No income proof, no credit score required. Min FD: Rs 15,000

Quick Details

Annual Fee
FREE #1
Joining Fee
FREE #1
Interest Rate
42.00% p.a. #108
Forex Markup
3.50% #75
Rewards/₹100
₹1.25 - ₹3.75 #94
Reward Type Reward Points
Reward Currency Points
0
Min Monthly Income ₹NaN
Network VISA
Card Replacement Fee 200
Late Payment Fee ₹500
Cash Advance Fee ₹300 2.50% (min ₹300)
Card Replacement Fee ₹200

Reward Structure

Base

All Spends

₹1.25 /₹100
Accel

Weekend Spends (Sat-Sun)

₹3.75 /₹100

Reward Calculator

₹
Allocate by Category 100%
Weekend Spends (Sat-Sun)
15.0 pts
60% ₹0
Other Spends
5.0 pts
40% ₹0
Your Rewards
Points Earned 0
Cash Value ₹0
Breakdown
Quick amounts:

Insurance Coverage

Lost Card

₹0

Zero liability for lost card transactions when reported within 3 days.

Fraud

₹0

Zero liability for unauthorized transactions.

Quick Analysis

The SimpliFi is a straightforward lifetime free credit card from Fi Money. While it may not offer premium perks, the zero annual fee makes it a low-risk option. Suitable for those who want a basic credit card without annual charges.

Pros

  • Lifetime free - no annual or joining fee
  • Contactless payment enabled for quick transactions

Cons

  • No complimentary lounge access
  • High forex markup of 3.50% on international transactions
  • High interest rate of 42.00% on revolving credit

Best For

First-time credit card users, students, or anyone wanting to build credit without income proof

Not Ideal For

Those seeking high credit limits or premium lounge benefits

Frequently Asked Questions

What is SimpliFi credit card?
SimpliFi is a secured credit card backed by a Fixed Deposit (FD) with Federal Bank. You create an FD (min Rs 15,000) and get a credit limit of 90% of your FD amount.
Do I need a credit score for SimpliFi?
No, SimpliFi does not require any credit score or income proof. It is ideal for first-time credit card users who want to build their credit history.
What rewards does SimpliFi offer?
SimpliFi offers 5 points per Rs 100 spent on weekdays and 3X rewards (15 points per Rs 100) on weekend spends. You also get 20% off on brands like Zomato and BookMyShow during weekends.
What interest does the FD earn?
Your FD earns 6.7% p.a. interest while being held as security for your credit card. The FD is released when you close the credit card.
Are there any fees for SimpliFi?
SimpliFi is lifetime free with no joining or annual fees. However, card cancellation within 12 months incurs Rs 200 fee. Premature FD withdrawal has 1% charge on interest.

User Reviews

Our Rating

4.0
APPLY NOW

on Fi Money's website

Rating Breakdown

Rewards
4.5/5 Top 13%
Benefits
3.2/5
Fees
4.5/5 Top 5%
Value for Money
4.1/5 Top 11%
User Reviews
3.0/5 Top 50%

Important Links

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Get started with your application today and enjoy premium benefits, rewards, and exclusive privileges.

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