These Terms and Conditions (Terms) shall apply to Credit Limit Enhancement/Product Upgrade facility provided by Federal Bank to Eligible Card Holder/s. By applying for Credit Limit Enhancement/Product Upgrade, it shall be deemed that Card Holder has accepted the below Terms and Conditions.

• The Eligible Card Holder shall be entitled to apply for an enhancement of the Credit-Limit and/or Cash Limit (if provided by Federal Bank) or a product upgrade of their Credit Card, upon completion of 6 months of activation of the Credit Card. The enhancement of the Credit Limit and/or Cash Limit or product upgrade shall be at the sole discretion of Federal Bank and shall be subject to Card Holder’s consent. Federal Bank shall at its sole discretion be also entitled to effect reduction of the Credit Limit and/or Cash Limit assigned on the Credit Card and Card Holder shall be notified of such reduction through appropriate mode/medium.
• “Eligible Card Holder/s” shall mean Card Holder/s holding valid Credit Card issued by Federal Bank and who have received communication from Federal Bank confirming that he/she is eligible for Credit Limit Increase offer.
• Federal Bank reserves the right to withdraw the offer for Credit Limit increase at its sole discretion. The credit limit increase is subject to the credit card account being eligible on the date on which the action was taken for the request.
• Federal Bank reserves the right to modify/ change all or any of the terms applicable to the offer without any prior intimation. Federal Bank also reserves the right to discontinue the offer without assigning any reasons or without any prior intimation. In all matters relating to the offer, the decision of Federal Bank shall be final and binding in all respects.
• On card upgrade, the existing card features will become invalid and the features of the upgraded card will apply. Credit card once upgraded cannot be downgraded / transferred back to the old credit card variant, unless otherwise is determined by the Bank at its sole discretion. Credit card once upgraded with prior customer consent cannot be re-instated with the old credit card number. Once upgraded, transactions done on the old credit card will reflect in the new/upgraded card’s statement.
• Once Card is upgraded, existing Add On cards if any will be blocked and new card will be issued.
• On card upgrade, the outstanding balance, due amount, and EMI’s availed, on the old credit card will be transferred to new/upgraded card and/or the corresponding Card Account.
• On card upgrade, the AMC, fees and charges of the upgraded card will be applicable.
• On card upgrade, standing instructions, recurring transactions, tokenised cards, and debit mandates needs to be registered afresh with the new/upgraded card number.
• On card upgrade, the new card will be sent to the address registered as per Federal Bank Credit Card records. The bank will not be responsible for non-receipt or delay in delivery due to non-availability of the customer at the time of delivery. Nothing contained herein shall prejudice or affect the terms and conditions of the Card Member Agreement. The words and expressions used herein shall have the same meaning as in the Card Member Agreement. The terms of this offer shall be in addition to and not in derogation of the terms contained in the Card Member Agreement. Card upgrade would be governed by the existing terms and conditions applicable for the current card held by the customer and the terms and conditions mentioned here are over and above the existing terms and conditions. The Offer is extended by Federal Bank voluntarily and at its sole discretion.
• Hence, requests from customers will be considered by Federal Bank only for the applicable offers pertaining to such customers. The Federal Bank shall not be held responsible for financial/non-financial obligation caused due to withdrawal of offer or non-implementation of upgrade / limit enhancement.
• These terms are to be read in conjunction with, and not in derogation of, the Federal Bank Credit Card Most Important Terms and Conditions (“MITC”) as well as the Federal Bank Credit Card Terms and Conditions (“T&C”) and nothing contained herein shall prejudice or affect the terms and conditions of the MITC and the T&C. Unless otherwise specified, the capitalized words and expressions used herein shall have the same meaning assigned to them in the T&C and MITC.
• I have read, understood and accept all the card features, fees/charges, reward points conversion and other terms and conditions mentioned above & in the MITC, as well as in the Card Member Agreement.