Pre-Approved Credit Card Features & Benefits
Experience the perfect blend of convenience and financial empowerment with Federal Bank’s Pre-approved Credit Cards- crafted to elevate your everyday spending with unmatched features and benefits.
Key Features
💳 Instant Virtual Card Activation
Start transacting online immediately—no need to wait for the physical card.
📆 Smart EMI Conversion
Convert big purchases into easy EMIs via FedMobile or FedNet with flexible tenure options.
🌍 Global Acceptance
Accepted at millions of merchants worldwide through Visa, Mastercard, and RuPay networks.
📱 Digital Card Management
Control your card with ease—set limits, change PINs, enable/disable features, and track expenses in real-time.
📡 Contactless & Tokenized Payments
Tap to pay securely with tokenized transactions on supported devices.
Additional Benefits
⛽ Fuel Surcharge Waiver
Save more on fuel at select stations (T&C apply).
💸 Emergency Cash Advance
Withdraw cash from ATMs anytime with a low processing fee—perfect for urgent needs.
🛡️ Zero Lost Card Liability
Report a lost card and relax—you're protected from unauthorized transactions.
Federal Bank’s Pre-approved Credit Cards are your trusted financial companion—secure, flexible, and packed with rewards to make every transaction count.
Federal Bank Pre-Approved Credit Card: Deals, Offers & Rewards
A lucrative deal and some amazing rewards. Sounds like a steal deal, right? What if we told you there’s all this and much more with Federal Bank credit cards?
1. Exclusive Deals & Launch Offers
- 10× Welcome Rewards : Avail up to 500 bonus points on your first credit card transaction (min. ₹500).
- Targeted Online Spend Bonuses : Earn extra points for online purchases (excluding fuel, wallet loads, and cash withdrawals)
2. Reward Program Highlights
- 3-2-1 Rewards Structure :
- Earn 3× points on travel/international spends
- Get 2× points on dine-outs or electronics/apparel (Signet variant 3× on electronics/apparel, 2× on entertainment)
- Avail 1× on all other purchases
- Instant in-app redemption : Redeem points for flight, hotel, lifestyle bookings via Federal Rewards or Scapia app
- Additional perks : Get access to Amazon Pay, Swiggy, BigBasket vouchers and BOGO INOX movies, lounge access and fuel surcharge waivers
3. How to Avail Offers & Redeem Rewards
- Select the credit card variant matching your lifestyle
- Apply for an online credit card to enjoy instant virtual credit card usage
- Transact early to unlock welcome and targeted bonus points
- Track & redeem points via Federal Rewards portal or Scapia app for travel, vouchers, and more.
- Convert big purchases into easy EMIs with flexible repayment plans. Check Credit Card EMI Offers
Pre-Approved Credit Card Eligibility
Federal Bank’s Pre-approved Credit Card eligibility criteria are designed to ensure responsible and suitable lending.
Key Eligibility Criteria
- Pre-approved Credit Card offer is extended by the Federal Bank for the Pre-approved Credit Card eligible customers.
- Only customers who have received offer specific communication by Federal Bank (email, SMS, WhatsApp, etc.) for this offer can apply for the same.
- The Credit Limit and the Credit Card variant mentioned in the Offer may vary according to the eligibility of the customer as per Bank’s internal policy.
- Participation in this offer cannot be deemed as a guarantee for eligibility for availing the Credit Card.
- The eligibility of the customers is determined by the Bank at its sole discretion and the Bank retains the right to change, withdraw, modify its eligibility criteria without any prior notification.
- The expiry date of the offer is included in the communications sent to the eligible customer by the Bank -this includes email, SMS, WhatApp, Push Notification, etc.
- The Pre-approved Credit Card Offer is non-transferable and non-encashable.
- To know more about the Terms and Conditions, please click here.
Federal Bank Pre-approved Credit Card Charges, Fees & Interest Rates
In order to use Federal Bank credit cards wisely, let’s first understand its fees, charges, and interest rates.
Federal Bank uses a dynamic interest rate system, which means the credit card interest rates depend on your banking relationship with them.
- By maintaining a high average balance, you can get a lower interest rate on your credit card.
- If your bank account is not linked or the balance is insufficient, a penalty of approximately 45% will be charged.
- If you pay your full credit card bill on time each month, you can enjoy up to 48 days of interest-free credit.
- If you miss the due date, you could be charged between ₹250 and ₹1,250.
- If you exceed your credit limit, a fee of 2.5% of the excess amount (minimum ₹500) will be charged.
Make the most of your card - see our detailed tips on using your credit card wisely to avoid common pitfalls.
How to Apply for a Pre-approved Credit Card with the Federal Bank?
Applying for a credit card online is easy and cost-free. To avail instant credit cards, you need to follow the below steps.
Step-by-Step Process to Apply for Pre-approved Credit Card
Important Facts About Pre-Approved Credit Cards
Pre-approved credit cards offer a fast, hassle-free way to access credit -especially when you're already eligible. If you've received a pre-approved offer from Federal Bank, here are the key facts you should know before applying:
✅ 1. Eligibility is Based on Your Existing Relationship
Federal Bank identifies eligible customers based on factors like:
- Your banking history
- Account activity
- Income patterns
- Internal credit assessment
No separate application or income proof is required if you're pre-approved.
📉 2. No Impact on Your Credit Score During Offer Evaluation
Receiving a pre-approved offer does not affect your credit score. The bank uses internal data and soft checks to assess eligibility. However, once you activate and use the card, your usage and repayment behavior will influence your credit score.
⏳ 3. Offers Are Time-Sensitive
Pre-approved credit card offers are usually valid for a limited period. It's important to act promptly before the offer expires or terms change. Always check the communication (E-mail/SMS) for the exact validity date.
🛠️ 4. Simple Activation Process
Federal Bank makes it easy to activate your pre-approved card:
- Click the link in the email or SMS you received.
- Enter your mobile number and validate with OTP.
- Enter your PAN number and validate with OTP.
- Select your eligible card variant.
- Choose your delivery address.
- Receive your virtual card instantly; physical card arrives in 10–15 days.
📊 5. Responsible Usage Builds Your Credit Profile
Using your pre-approved credit card wisely—paying bills on time, maintaining low credit utilization, and avoiding defaults—can significantly improve your creditworthiness over time.
🛡️ 6. Security & Benefits Come Standard
Federal Bank’s pre-approved credit cards come with:
- Zero lost card liability
- Contactless & tokenized payments
- Smart EMI options
- Global acceptance
- Real-time card management via FedMobile
Pre-approved credit cards are a convenient way to access credit with minimal paperwork and instant activation. If you've received an offer from Federal Bank, you're already halfway there - just follow the steps and start enjoying the benefits!
Frequently Asked Questions
1. What is a Pre-Approved Credit Card from Federal Bank?
A Federal Bank Pre-Approved Credit Card is a credit card offer extended to select customers based on their existing relationship with the bank and internal eligibility criteria. These cards require no additional documentation or income proof and can be activated instantly via digital channels like the FedMobile app. Pre-approved cards offer a seamless onboarding experience and are designed to reward loyal customers with faster access to credit.
2. Will using a pre-approved credit card offer affect my credit score?
Activating and responsibly using a Federal Bank pre-approved credit card can positively impact your credit score. Since the offer is based on your existing profile, it typically doesn’t involve a hard inquiry. Timely repayments and maintaining a low credit utilization ratio will help improve your creditworthiness over time.
3. How do I activate a pre-approved credit card offer on the FedMobile app?
To activate your Federal Bank pre-approved credit card via the FedMobile app:
- Log in to the FedMobile app.
- Navigate to the “Credit Card” section.
- Review the card details and click “Activate.”
Your card will be instantly activated and ready for use.
4. What is the credit limit for a Federal Bank pre-approved credit card?
The credit limit for a Federal Bank pre-approved credit card is determined based on your banking history, account activity, and internal credit assessment. Limits may vary from customer to customer and are communicated at the time of offer.
5. How do I know if I’m eligible for a Federal Bank pre-approved credit card?
Eligibility for a Federal Bank pre-approved credit card is typically based on:
- Your existing savings or salary account with Federal Bank.
- Transaction history and account activity.
- Internal credit scoring models.
If you’re eligible, you’ll receive a notification via SMS, email, or in-app alert.
6. Is there a processing fee for pre-approved credit cards?
Most Federal Bank pre-approved credit cards come with zero processing fees or minimal charges. However, specific card variants may have joining or annual fees, which are clearly mentioned during the activation process. Always review the fee structure before accepting the offer.
7. Will I receive rewards or welcome benefits on a pre-approved card?
Yes, Federal Bank pre-approved credit cards often come with exclusive rewards, cashback offers, and welcome benefits. These may include complimentary lounge access, reward points on spends, or milestone-based bonuses. The exact benefits depend on the card variant offered to you.
8. Can I apply for add-on cards with a pre-approved credit card?
Yes, once your Federal Bank pre-approved credit card is activated, you can apply for add-on cards for family members. These cards share the primary card’s credit limit and offer similar benefits.
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