Federal Bank Imperio Credit Card – Benefits, Fees & Eligibility

Introduction

The Federal Bank Imperio Credit Card is a lifetime free credit card specifically designed for family-oriented individuals, offering a comprehensive suite of rewards and benefits tailored to their everyday needs. Cardholders can earn accelerated reward points on essential categories like healthcare and groceries, alongside entertainment perks such as Buy 1 Get 1 Free movie tickets. The card also provides practical advantages like complimentary domestic airport lounge access, a fuel surcharge waiver, and valuable gift vouchers upon achieving spending milestones. With dynamic Annual Percentage Rates (APR) starting from a competitive 0.69% per month (8.28% per annum), this card aims to help families manage household expenses and maximize savings.

Welcome Benefits

• Receive an Amazon Pay e-Voucher worth ₹400 upon making a minimum spend of ₹5,000 within the first 30 days of card issuance.
• This is part of the early benefits offered to new cardholders.

Fees

• Joining Fee: Nil (Lifetime Free, Limited period Offer w.e.f 3rd April 2023).
• Renewal Fee: Nil (Lifetime Free, Limited period Offer w.e.f 3rd April 2023).
• Annual Percentage Rate (APR): Dynamic, starting from 0.69% per month (8.28% per annum) and ranging up to 3.75% per month (45.00% per annum), linked with the Average Monthly Balance (AMB) in your operative account.
  • APR based on Average Monthly Balance (AMB) for last Quarter:
    • Less than Rs. 50,000: 45.00% p.a. (3.75% p.m.)
    • Rs. 50,000 - 3,00,000: 32.28% p.a. (2.69% p.m.)
    • Rs. 3,00,001 - 10,00,000: 20.28% p.a. (1.69% p.m.)
    • More than Rs. 10,00,000: 8.28% p.a. (0.69% p.m.)
• Rewards Redemption Fee: A nominal convenience fee (minimum of ₹99) will be charged per redemption request. The actual fee will be displayed at the time of redemption based on the category.
• Foreign Currency Markup Fee: 3.5% on foreign currency transactions.
• Fuel Surcharge: 1% fuel surcharge waiver at all fuel stations across India.
• Cash Advance Charges: 2.5% of the amount withdrawn or ₹500, whichever is higher.
• Cash Withdrawal Limit: 20% of the total credit limit. This is subject to interest charges and a cash withdrawal fee.
• Late Payment Fee (LPC): Applicable if the Minimum Amount Due is not paid by the due date. This is not inclusive of the interest applicable on the unpaid balance.
  • Total Amount Due (Rs.) / Late Payment Fee (Rs.):
    • Rs. 0 - 250: Rs. 0
    • Rs. 251 - 1000: Rs. 250
    • Rs. 1001 - 5000: Rs. 500
    • Rs. 5001 - 25000: Rs. 1,000
    • Rs. 25001 & above: Rs. 1,250
• Card Replacement Fee: ₹200 + applicable taxes for reissue/replacement of a lost/stolen card.
• Add-On Card Charges: ₹100 + GST per card.

Rewards

• Rewards Structure: Enjoy a bespoke 3-2-1 rewards structure:
  • 3X Reward Points: On spends for Health Care and Grocery categories.
  • 2X Reward Points: On spends for Utility categories (like Bill payments for Electricity, Gas, mobile etc.).
  • 1X Reward Points: For all other categories.
  • You earn reward points for every ₹150 spent.
• Movies: Get Buy One Get One (BOGO) offers on INOX movie tickets, once every quarter.
• Dining: Access to fabulous dining offers at partner hotels through the FedDelights program, offering up to 15% discounts.
• Travel: Gain access to a wide variety of Visa offers and deals, including travel.
• Domestic Lounge: Enjoy 2 complimentary domestic lounge accesses every quarter upon spending INR 40,000 or more in the preceding quarter. As of March 2025, some sources suggest this might be non-spend based, but the official site specifies a spend condition.
• International Lounge: This card does not provide complimentary international airport lounge access.
• Lifestyle & Shopping: Access to a wide variety of Visa offers and deals, including shopping, sports, entertainment, and lifestyle.
• Milestone Benefits: Receive complimentary Big Basket vouchers on quarterly spends of ₹50,000 or more.
• Fuel: 1% fuel surcharge waiver at all fuel stations across India.

Rewards Redemption Guide

• Reward Points can be redeemed at Federal Rewards portal: https://www.federalrewards.in/.
• Redemption Value: 1 Reward Point is valued at ₹0.25 (i.e., 4 Reward Points = ₹1).
• Expiry: Reward points are valid for 3 years from the date of accrual.
• Redemption Fee: A nominal convenience fee (minimum of ₹99) applies per redemption request, with the actual fee displayed during the redemption process based on the category.
• Ensure all outstanding dues are cleared and reward points are redeemed before canceling the card.

Card Eligibility Criteria

• Age:
  • Minimum 18 years of age to apply for a Secured Federal Credit Card.
  • Minimum 21 years of age to apply for an Unsecured Federal Credit Card.
• Credit History: A good credit history is essential and will facilitate easy approval.
• Nationality: Applicant must be an Indian resident or a Non-resident Indian (NRI).
• For Secured Credit Card:
  • Must maintain a Fixed Deposit with Federal Bank (Minimum FD amount INR 25,000 & Minimum FD tenure 6 months).
  • Age: Minimum 18 years & Maximum 80 years.
  • Only Residents can apply.
  • Should have an existing Savings Bank account with Federal Bank.

Documents Required

• PAN Card
• Aadhar Card
• Last 3 Months bank statement (for salaried individuals, salary crediting bank account statement is required).
• Income Tax Login Credentials (for non-salaried/self-employed clients).

Card Review

The Federal Bank Imperio Credit Card is an excellent choice for families seeking a lifetime free credit card with practical benefits for daily living. Its targeted reward structure, offering 3X points on groceries and healthcare and 2X on utilities, directly benefits household spending. The complimentary Amazon Pay e-Voucher as a welcome benefit, quarterly BOGO movie tickets (INOX), and Big Basket vouchers for milestone spends add significant value for family entertainment and essentials. The domestic lounge access, though spend-based, is a convenient perk for domestic travelers. While it lacks international lounge access and some niche luxury lifestyle perks, the card compensates with a 1% fuel surcharge waiver and broad acceptance through Visa offers. Its dynamic APR linked to banking relationship allows for potentially lower interest rates for loyal customers. Overall, it’s a strong contender for those looking to optimize their family's everyday and lifestyle expenses without incurring annual fees.

Important Product Details

• Lifetime Free Card: No joining fee and no annual membership fee (limited period offer, effective from April 3, 2023).
• Dynamic Annual Percentage Rate (APR): Starting from 0.69% p.m. (8.28% p.a.), adjusted based on your average monthly balance with Federal Bank.
• Accelerated Rewards: Earn 3X reward points on healthcare and grocery spends, 2X on utility bill payments, and 1X on all other eligible categories.
• Welcome Offer: Amazon Pay e-Voucher worth ₹400 on spending ₹5,000 within the first 30 days.
• Movie Benefits: Buy One Get One (BOGO) offer on INOX movie tickets, available once per quarter.
• Milestone Vouchers: Complimentary Big Basket vouchers for quarterly spends of ₹50,000 or more.
• Domestic Lounge Access: 2 complimentary domestic lounge accesses per quarter, subject to a minimum spend of INR 40,000 in the previous quarter.
• Fuel Surcharge Waiver: 1% waiver on fuel transactions across India.
• Dining Offers: Enjoy up to 15% discounts at partner hotels through the FedDelights program.
• Credit Card EMI Facility: Convert high-value purchases into easy EMIs with flexible tenures, no down payment, and processing fees starting at ₹25*. Interest rates from 13-15% p.a.
• Balance Transfer Option: Transfer outstanding balances from other bank credit cards to Federal Bank Credit Card with benefits like zero processing fees, zero documentation, and low interest rates (0.83% p.m. / 9.99% p.a.) for 3 & 6 months tenures. Minimum transfer of Rs 2,500, maximum of Rs 7,50,000.
• Add-on Cards: Up to 4 add-on cards can be issued to family members, sharing the primary card's limit and features (charges apply: ₹100 + GST per card). Primary cardholder is liable for all spends.
• International Usage: Can be used internationally but carries a foreign currency markup fee of 3.5%.
• Reward Point Value: 1 Reward Point = ₹0.25.
• Reward Point Expiry: Reward points expire 3 years from the date of accrual.

Other Details

• Card Type: VISA Imperio Credit Card.
• Instant Credit Card: Upon successful application, a virtual credit card can be issued instantly and accessed via the FedMobile App for online transactions even before the physical card arrives.
• PIN Generation: Can be generated via FedMobile App, FedNet, or Interactive Voice Response (IVR) System (0484-2630994).
• Card Activation:
  • For POS/ATM/Contactless: Set PIN first.
  • For E-com transactions: Login to FedMobile App and accept T&Cs or initiate a missed call to 080-49670455 from the registered mobile number.
• Card Controls: Cardholders can enable/disable online, contactless, and international transactions, and manage transaction limits (Domestic/International) through FedNet/FedMobile app.
• Credit Limit Increase: Requests are subject to internal eligibility checks, repayment history, and income documentation. The bank communicates eligibility via suitable channels.
• Communication Address Change: Can be requested at a Federal Bank branch with required documents. If holding a Federal Bank savings account, address can be changed via Fed-e-Point.
• Registered Mobile Number/Email ID Change: Can be updated at a Federal Bank branch. Email ID can also be updated through FedMobile (Menu → View profile → Personal details → Email address).
• Billing Date/Cycle: Default billing date is the 21st of every month, with a due date 18 days later. Billing date can be changed a maximum of 5 times during the card's lifetime by contacting customer care (1800-420-1199 / 1800-425-1199 / 0484-2630994 or creditcards@federalbank.co.in).
• Minimum Amount Due (MAD): Calculated as 5% of Total Amount Due (subject to a minimum of Rs. 200).
• Contactless Payment: Make quick, secure payments by tapping the card at NFC-enabled POS machines. Max limit for contactless payment is Rs.5000 without PIN, and Rs.50000 with PIN.
• Transaction Disputes: Disputes can be initiated within 30 days of the transaction. Resolution typically within 14 working days, communicated via SMS/e-mail or call.
• Customer Service: For queries/disputes, contact customer service via nearest branch, FedMobile App (Help and Support -> Category: Credit Card -> Raise Ticket), or IVR (1800-420-1199 / 1800-425-1199 / 0484-2630994) or email (creditcards@federalbank.co.in). For second-level grievances, email support@federalbank.co.in.
• Safety: Cardholders must protect their CVV and PIN and not share them to avoid cyber frauds.
• Card Renewal: A new renewal card will be received at least a month before the expiry of the current card.
• Undelivered Card: In case of non-delivery, the bank team will contact the customer to arrange for re-dispatch.
• Credit Card Statement: A monthly summary including total amount due, minimum amount due, payment due date, transaction details, and interest. E-statements are available.
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