Federal Bank RuPay Wave Credit Card
Card Details
Card Details
- Issuer
- Federal Bank
- Card type
- UPI Add-on
- Joining fee
- ₹0
- Annual fee
- ₹0
- Rewards currency
- Reward Points
Highlights
Highlights
- 10% cashback on first 5 UPI transactions within 30 days (up to ₹200)
- Earn 1 Reward Point per ₹200 spent
- Milestone: 1,000 bonus points on ₹50,000 quarterly spend
- Shared credit limit with primary card; separate billing
Welcome, annual & renewal benefits
Welcome, annual & renewal benefits
- Joining/Annual Fee: Nil.
- Welcome Benefit: 10% cashback on the first 5 UPI transactions within the first 30 days (up to ₹200).
Reward earning
Reward earning
| Spend type | Earn rate |
|---|---|
| All eligible spends (including UPI where supported) | 1 Reward Point / ₹200 |
Milestone Benefits
Milestone Benefits
- Spend ₹50,000 in a quarter and earn 1,000 bonus reward points.
Additional Benefits
Additional Benefits
- UPI integration: Link the RuPay Wave card to supported UPI apps for QR-based payments.
- Designed as a companion/floater card for existing Visa/Mastercard Federal credit cardholders.
Review
Review
Wave is primarily a convenience play, it’s an easy add-on. Don’t choose it for rewards alone—treat it as a UPI-enabler and keep your primary card for heavier category-based earning.