Fi-Federal Credit Card
Federal Bank's Fi co-branded card family — sold under the Amplifi, Simplifi and Magnifi names — existed to pair a fintech-style app experience with everyday Fi-Coins rewards. There's nothing left to review as an active product now: Federal Bank shut the whole programme down on 20 March 2026, turning off both reward accrual and redemption. Anyone still holding one should settle their balance and close the account; anyone shopping for a card should look at AU Small Finance Bank, where Fi's partnership now sits, or pick a different entry-level option.
Key features
What this card is built to do — the highlights that actually matter.
0.25% on Other
About 12 Fi-Points per ₹100 spent (roughly 0.25% in value), redeemable through the Fi app
Zero Forex Markup
No extra charge for overseas spending — use it abroad the same as at home.
Lifetime Free
No recurring annual charge, so holding onto it costs nothing over the long run.
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Other | reward points | 0.25% | — |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | Lifetime free |
| Joining fee (incl. 18% GST) | Free |
| Forex markup | 0% |
Should you get it?
Best for: someone with a Fi Money savings account wanting one integrated card, a digital-first user who prefers managing finances entirely online, a young professional getting their first card through the familiar Fi app, or anyone avoiding the branch-visit hassle of traditional banks
Entry tier — great for first-time and lower-spend users.
Strongest value if you spend heavily on Other ( 0.25% back).
✓ Pros
- Fully app-based — issued digitally through the Fi Money app with no branch visits needed
- Issued by Federal Bank, a regulated private-sector bank under full RBI oversight
- Rewards apply across all spending — no category restrictions to track
- Lifetime free for eligible Fi users — no annual charge
✕ Cons
- The Fi-Federal programme shut down on 20 March 2026 and no longer accepts new applicants
- No airport lounge access included
- Base reward rate is on the lower side
Eligibility & documents
Min. income
₹25,000 /mo
Employment
Salaried
Documents required
- PAN card
- Aadhaar (in-app KYC)
How to redeem rewards
Ways to convert what you earn into real value.
🎁 Fi-Points could be redeemed inside the Fi Money app for vouchers or statement credit
What your Federal Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Statement credit BEST Standard redemption
Gift voucher catalogue BEST Brand & e-gift vouchers
The concern The programme has been discontinued — no new applications are accepted, and both reward accrual and Fi-Coins redemption ended on 20 March 2026.
The bottom line
There's nothing left to evaluate here as an active product: Federal Bank shut down the entire Fi co-branded line on 20 March 2026, cutting off both rewards and redemption. If you're still holding one, settle any dues and close it out; if you're shopping for a card, Fi's current cards run through AU Small Finance Bank, or consider any other entry-level card on the market.
Sources & verification
Fees, reward rates, and benefits for the Fi-Federal Credit Card are taken from Federal Bank 's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page . Last verified 23 Jul 2026 . Reviewed by the SarvCred Editorial Team . Always confirm current details on the issuer's site before applying. How we research →
Independence. SarvCred is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for Federal Bank . All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
Frequently asked questions
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