Federal Bank has one card in our review set. This page ranks every Federal Bank card we cover on effective return — what the card gives back across ordinary spending, not the accelerated headline rate that applies to a handful of categories.
Federal Bank cards compared
| Card | Annual fee | Effective return | Forex markup |
|---|---|---|---|
| Scapia Federal Bank Credit Card | Nil | 3.0% | 0.0% |
as of 2026-08-15 · Issuer fee schedules and product pages · reported
Effective return is a realistic blended reward rate, not the accelerated headline rate that applies only to selected categories. Ranked by that figure, using a formula we publish.
Where this sits against the rest of the market
A nil annual fee and a 0.0% forex markup are the two figures worth holding on to here: together they remove the two costs that quietly eat a card’s return. Whether a 3.0% effective return is the best you can do depends on where you spend — the best cashback credit cards pay in rupees rather than points, and the wider credit card reviews apply the same formula to every issuer.
If this would be your first card, approval is decided on your file rather than the product: see best first credit cards for the ones approvable with no credit history, and what affects your credit score for what the issuer is reading.
Terms change without notice. Confirm the current figures with Federal Bank before you act.