The Federal Scapia Credit Card was very popular as soon as it launched, and gradually discussions about this card have deepened.
Many are confused about whether they should get this card. That’s entirely up to your personal opinion.
However, in this review, we’ve covered everything from the current features to benefits and so on, starting from small details to everything else.
Additionally, we’ve discussed personal opinions about this card in detail on our YouTube channel. You can also take a look at that if you wish.
Joining and Annual fees
The Federal Scapia Co-branded Credit Card offers a lifetime free membership, so you don’t have to worry about joining or annual fees. This is a major advantage.
But as you know there is something in this game of free policy. Let’s find it out.
Eligibility criteria for Federal Scapia Credit Card
The eligibility criteria for the Federal Scapia Credit Card include:
- Age: Between 23 and 60 years old.
- Residence: You must be a resident of India.
- Employment: Salaried individuals with a minimum monthly income of ₹18,000 or self-employed individuals with a minimum annual income of ₹4 lakh.
- Credit Score: A good credit score of 720 or above is recommended for approval. However, the bank may consider other factors as well.
- Existing Accounts: You cannot hold any existing co-branded credit cards from Federal Bank.
welcome/signup bonus of Federal Scapia Credit Card
welcome/signup bonus for the Federal Scapia Credit Card is a little tricky.
Limited promotional offers: Federal Bank might offer welcome bonuses for the Scapia card occasionally, but these are likely to be temporary promotions.
Interest rate
While you get an interest-free period of up to 48 days on purchases, interest rates can be high for cash withdrawals, revolving balances, and EMI transactions. Be sure to pay your balance in full by the due date to avoid interest charges.
Features and Benefits of Federal Scapia Credit Card
Rewards Program
- Scapia Coins: Earn Scapia coins on your spending:
- 10% Scapia coins on all online and offline transactions (except rent, cash withdrawals, money transfers, EMI transactions, digital wallet loading, and top-up transactions).
- 20% Scapia coins on all travel bookings made through the Scapia app (flights and hotels).
- Redemption: Use your Scapia coins for instant redemption on flights and hotel bookings directly through the Scapia app.
Travel Benefits
- Unlimited Domestic Lounge Access: Enjoy access to domestic airport lounges with a minimum spend of ₹5,000 per month.
- Zero Forex Markup: No additional charges on international transactions, allowing you to spend overseas without hidden fees.
Other Features
- Quick and Easy Application: Apply for the card within minutes through the Scapia app.
- Digital Convenience: Manage your account, set transaction permissions, and make repayments directly through the Scapia app.
- 24/7 Customer Service: Get assistance whenever you need it with the bank’s customer service.
Additional Benefits of the Federal Scapia Co-branded Credit Card
- Global Airlines and 5L+ Stays in-App: Explore a wide range of airlines and over 5 lakh stays directly within the app.
- Instant In-App Repayment: Conveniently manage your payments within the app.
- Set Transaction Limits and Manage Permissions: Customize your card usage by setting transaction limits and managing permissions via the app.
Hidden Fees Of Federal Scapia Credit Card
The Federal Scapia Credit Card has different interest rates depending on the type of transaction.
Purchases (except cash withdrawals, EMI transactions, digital wallet loading, and money transfers): You get an interest-free period of up to 48 days to pay your balance without any interest charges. If you don’t pay your balance in full by the due date, a high interest rate applies.
Cash Withdrawals: This attracts a hefty interest rate of 41.88% per annum (3.49% per month) from the date of withdrawal. There’s no grace period for cash withdrawals.
EMI Transactions: If you convert a purchase into EMIs (Equal Monthly Installments), a lower interest rate of 16% applies. This rate is available for tenures of 3, 6, 9, and 12 months.
Revolving Balance: If you carry a balance forward from month to month (revolve), the interest rate is 41.88% per annum (3.49% per month).
Is this credit card worth it?
The Federal Scapia Credit Card has been in the market for quite some time. Like all cards, their policies have changed as well.
Initially, they offered many benefits, which attracted a lot of customers. Naturally, since they don’t have joining fees or renewal fees and offer more benefits, it creates a bit of confusion in their promise.
However, if we talk about the features and benefits, this card gives you some of the best advantages. But before choosing the card, keep in mind what the records from the last year say.
As we always emphasize, knowing the experiences of other users is essential before getting any credit card.
So, you can come here to learn the experience of others and ask your own questions if you have any. Additionally, here is a comment box for you.
