M16S / Federal Bank / Federal Paisabazaar Paisaback Credit Card
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Federal Paisabazaar Paisaback Credit Card
The Federal Paisabazaar Paisaback Credit Card costs Rs 500 a year, waived if you spend Rs 1,50,000 in a year. Its base return is 1% (1% CashPoints on eligible POS and e-commerce spends). The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Rs 500+ GST
- Fee waived at
- Rs 1,50,000annual spend
- Base return
- 1%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
Apply on federal.bank.inOpens the bank’s own page.
Fees
| Joining fee | Rs 500 |
|---|---|
| Annual fee | Rs 500 |
| Annual spend that waives the fee | Rs 1,50,000 |
| Fee notes | Rs 500 joining and Rs 500 annual; annual fee waived on Rs 1.5 lakh spend in the preceding year. Replacement Rs 199 + GST. |
Rewards
| Reward currency | CashPoints |
|---|---|
| Base earn | 1% CashPoints on eligible POS and e-commerce spends |
| Base return | 1% |
| Point value | 1 CashPoint = Rs 1, credited to the Paisabazaar app wallet |
| Accelerated earn | 7.5% on grocery (Blinkit, Zepto, Swiggy Instamart, BigBasket, DMart, Reliance Fresh, LuLu, Flipkart Minutes among others); 0.5% on eligible UPI transactions above Rs 2,000 (grocery, fuel and travel UPI excluded from the 0.5% tier) |
| Caps | Total 1,000 CashPoints per month (Rs 12,000 a year) across all categories. |
| Spends that earn nothing | Wallet loads, fuel, jewellery, EMI conversions, rent, utility bills, insurance, education, government services, hospitals, tolls, telecom equipment, railways, automotive shops, UPI below Rs 2,000. |
| Points expiry | 1 year from accrual |
| Reward notes | base_return_pct = 1% base tier. At the 7.5% rate the Rs 1,000 monthly cap is reached at about Rs 13,333 of grocery spend. Earn rates and caps are on the Federal Bank and Paisabazaar pages, not in the MITC. |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Forex markup | 3.5% |
| Fuel surcharge waiver | Capped at Rs 100 per billing cycle |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | Statement balance <Rs 100: nil; 100-500: Rs 100; 501-5,000: Rs 500; 5,001-10,000: Rs 600; 10,001-25,000: Rs 750; 25,001-50,000: Rs 950; >50,000: Rs 1,000 |
| Cash advance fee | 2.5% or Rs 500, whichever is higher; cash limit 10% of credit limit |
| Eligibility | Salaried 21-65, self-employed 25-65; resident Indian; not currently available to existing Federal Bank customers. |
| Fine-print notes | Convenience fee 1% + GST (max Rs 3,000 per transaction) on rent and wallet loads, and on fuel or utility spends beyond Rs 50,000 a month. Overlimit 2.5% or Rs 500. Launched around Sep 2026. Not the same product as the Yes Bank Paisabazaar PaisaSave card. |
Questions
- What is the annual fee of the Federal Paisabazaar Paisaback Credit Card?
- Rs 500 a year, before GST. It is waived if you spend Rs 1,50,000 in a year.
- Does the Federal Paisabazaar Paisaback Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the Federal Paisabazaar Paisaback Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Federal Paisabazaar Paisaback Credit Card?
- Wallet loads, fuel, jewellery, EMI conversions, rent, utility bills, insurance, education, government services, hospitals, tolls, telecom equipment, railways, automotive shops, UPI below Rs 2,000.