Federal Bank RuPay Wave Credit Card
The Federal Bank RuPay Wave Credit Card is a virtual companion product designed for everyday digital payments. Sharing the credit line of your existing Federal Bank account, it connects instantly to UPI applications like Google Pay, PhonePe, and Paytm, turning routine neighborhood QR code scans into reward points with zero annual charges.
Why We Recommend The Federal Bank RuPay Wave Credit Card
An efficient virtual RuPay companion that allows Federal Bank account holders to make everyday QR payments on credit.
Everyday spenders who want a dedicated virtual credit card for routine UPI merchant QR payments.
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 Federal Bank RuPay Wave Credit Card?
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 Federal Bank RuPay Wave Credit Card
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 Federal Bank RuPay Wave Credit Card
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 Federal Bank RuPay Wave Credit Card Stand Out?
Discover the top benefits, special offers, and protections engineered into this card.
Issued as a virtual floater credit card linked to your existing Federal credit limit.
Seamless linkage to Google Pay, PhonePe, and Paytm for merchant scan-and-pay UPI.
Zero annual maintenance or renewal fees forever.
Pros & Cons of the Federal Bank RuPay Wave Credit Card
An honest, transparent evaluation of strengths and limitations before you submit your application.
What We Love (Pros)
- Instant digital issuance on Federal Bank mobile banking with zero paperwork.
- Zero annual fee liability (Lifetime Free).
- Earns rewards on neighborhood grocery and merchant QR scan payments.
Things to Consider (Cons)
- No physical plastic card issued by default (purely virtual/UPI).
- Zero airport lounge access.
- P2P (peer-to-peer) fund transfers do not earn reward points.
Who Can Apply for the Federal Bank RuPay Wave Credit Card?
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
690+ Score Recommended
Applicants with a credit score of 690 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 Federal Bank RuPay Wave Credit Card
Clear answers to common questions regarding annual fees, reward redemption, lounge rules, and delivery.
Explore Similar Cards from FEDERAL Bank
Compare rewards, annual fees, and airport lounge perks across alternative options.
Federal Bank Celesta Credit Card
The premier flagship credit card in Federal Bank’s proprietary portfolio. Issued Lifetime Free to affluent professionals and wealth account holders, it features a subsidized 2.00% foreign exchange markup, 3X points on international and travel bookings, domestic and international airport lounge access, and quarterly complimentary golf games.
Federal Bank Celesta NRI Credit Card
An exclusive premium credit card designed for Non-Resident Indians (NRIs) maintaining NRE or NRO banking relationships with Federal Bank. It offers a subsidized 2.00% foreign exchange markup on cross-border spends, complimentary golf access, and airport lounges across Indian and global terminals with direct INR settlement from NRI accounts.
Fed StarBiz Credit Card
A specialized commercial credit instrument linked directly to an existing Federal Bank Overdraft (OD) or Cash Credit (CC) facility up to ₹50 Lakhs. It provides sole proprietors and MSME entrepreneurs with instant point-of-sale procurement capabilities with daily spend limits up to ₹3 Lakhs, debited straight to their business overdraft ledger.
Ready to Apply for the Federal Bank RuPay Wave Credit Card?
Check your pre-approved credit limit and instant approval eligibility across FEDERAL Bank with 100% paperless verification and zero score impact.