SimpliFi Fi-Federal Credit Card (FD-Backed)
A secured digital credit card designed for students and credit beginners seeking guaranteed approval without income documentation. Backed by a Federal Bank Fixed Deposit opened inside the Fi app, it provides true 0.00% foreign exchange markup on cross-border payments while the deposit continues earning interest.
Why We Recommend The SimpliFi Fi-Federal Credit Card (FD-Backed)
An innovative secured card that pairs guaranteed digital approval with rare 0% forex markup privileges.
College students, international students, and freelancers wanting a zero-forex card without income documents.
Welcome Gift & Activation Benefits
* Welcome benefits are typically unlocked upon payment of the joining fee and initial card activation within 30 to 90 days.
Grofi Expert Rating
Our ratings assess real-world net reward yields after fee deductions, partner redemption flexibility, lounge conditions, and user transparency.
How Much Can You Save with the SimpliFi Fi-Federal Credit Card (FD-Backed)?
Adjust your expected monthly card spends to calculate your real annual rewards and net savings.
Includes flight & hotel bookings, partner brands (Amazon, Swiggy, Flipkart), dining, and online shopping.
* Reward Point Value: ₹0.25 on statement credit or travel bookings.
Based on annual spending of ₹6,00,000.
Fees & Charges Breakdown for SimpliFi Fi-Federal Credit Card (FD-Backed)
Zero hidden costs. Complete fee schedule verified with FEDERAL Bank official guidelines.
One-time fee charged on the first statement
Billed annually starting from the 2nd year
Annual fee reversed upon crossing this spend milestone in the preceding card year
Charges applicable on foreign currency transactions and cross-border payments
Standard interest rate on revolving card balances
Fee on ATM cash withdrawals via credit card
From the first day of billing cycle till due date
Airport Lounge Privileges on the SimpliFi Fi-Federal Credit Card (FD-Backed)
Experience gourmet dining, quiet workspaces, and premium comforts before every flight.
Not available
Valid across 40+ domestic airport lounges including Mumbai (Adani), Delhi (Encalm), Bengaluru (080 Lounge), Hyderabad, Chennai, and Kolkata terminals.
Not available
Access over 1,300+ luxury airport lounges globally across Dubai, London Heathrow, Singapore Changi, New York JFK, Frankfurt, and Doha.
What Makes SimpliFi Fi-Federal Credit Card (FD-Backed) Stand Out?
Discover the top benefits, special offers, and protections engineered into this card.
Zero foreign exchange markup fee (0.00%) on overseas purchases.
Issued instantly against a Federal Bank Fixed Deposit opened inside the Fi app (min ₹10,000).
Credit limit assigned up to 90% of the pledged Fixed Deposit amount.
Pros & Cons of the SimpliFi Fi-Federal Credit Card (FD-Backed)
An honest, transparent evaluation of strengths and limitations before you submit your application.
What We Love (Pros)
- True 0% forex markup on a secured card—ideal for college students going on international exchange.
- 100% digital paperless onboarding via video KYC inside the Fi app.
- Pledged Fixed Deposit continues to earn prevailing term deposit interest rates.
Things to Consider (Cons)
- Requires locking liquidity in a Federal Bank FD.
- No airport lounge privileges.
- Base domestic reward accrual rate is modest.
Who Can Apply for the SimpliFi Fi-Federal Credit Card (FD-Backed)?
Review minimum income, credit score thresholds, and essential verification documents.
Net in-hand monthly or annual earnings
Primary applicant (18+ for add-ons)
With continuous employment proof
With valid Indian address proof
720+ Score Recommended
Applicants with a credit score of 720 or higher enjoy fast-tracked approval and preferential credit limits from FEDERAL Bank.
Documents Required
100% digital paperless verification via Video KYC. Keep these documents ready:
Identity & Address Proof
Aadhaar Card (linked with mobile number for OTP), Passport, Driving License, or Voter ID.
PAN Card
Mandatory physical or e-PAN copy required by RBI guidelines for all credit applications.
Proof of Income
Salaried: Last 3 months' salary slips or bank statements. Self-employed: Latest ITR computation.
Everything You Need to Know About SimpliFi Fi-Federal Credit Card (FD-Backed)
Clear answers to common questions regarding annual fees, reward redemption, lounge rules, and delivery.
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Ready to Apply for the SimpliFi Fi-Federal Credit Card (FD-Backed)?
Check your pre-approved credit limit and instant approval eligibility across FEDERAL Bank with 100% paperless verification and zero score impact.