Federal Scapia Credit Card Review
Federal Scapia Credit Card
Overview
In today’s fast-paced world, where financial decisions can shape our lifestyles and aspirations, the right credit card can make all the difference. Imagine a credit card that offers you multiple travel benefits along with reward points on travel and hotel spending done on the app.
Enter the Federal Scapia Credit Card – a credit card designed to empower individuals with a unique blend of convenience, security, and rewards.
Welcome to a world where the Federal Scapia Credit Card isn’t just a card – it’s a lifestyle enhancer, a security companion, and a catalyst for your financial dreams.
What is a Federal Scapia Credit Card?
Federal Scapia Credit Card
This is the travel credit card, launched in collaboration between Federal Bank and Scapia. The card rewards its users for travelling spends.
The unlimited domestic lounge access offer seems enticing but there’s a big catch !!
Read more to find out.
Highlights of Federal Scapia Credit Card
Key Features
- No Joining Fee.
- No Annual Fee.
- Unlimited Domestic Lounge Access on a minimum spend of Rs 5,000
- Zero Forex Markup on all international transactions
- 20% Scapia coins on travel bookings done on the Scapia App
Eligibility Criteria
To be eligible for a Scapia Card, you must meet the following criteria:
Documents Required
How To Apply for Scapia Credit Card
To obtain a Scapia Credit Card, follow these easy steps:
- Download and install the Scapia application on your smartphone.
- Complete the KYC (Know Your Customer) process using your Aadhaar and PAN (Permanent Account Number). Video KYC may also be required for certain users.
- Once your application is approved, you will receive an instant virtual Scapia card for seamless online transactions.
- Your physical Scapia Credit Card will be delivered within 2 – 3 days and can be tracked using the mobile application.
Fees & Charges
Fees & Charges | Description |
---|---|
Joining Fee | NIL |
Renewal Fee | NIL |
Interest Free Period** | up to 48 days |
Interest Rate for Revolve | 41.88% (3.49% per month) |
Interest for Cash Withdrawals | 41.88% (3.49% per month) from date of withdrawal ( |
Interest Rate for EMI Transactions | 16% |
Add-on Card Fee | Add-on facility is not offered) |
Foreign Currency Mark-up | NIL |
Features of Federal Scapia Credit Card
There are many features of this credit card that you would like:
No Joining/Annual Fee
This is one of the highlighting features of the card. Being a “free card”, the features it has, are rare, in any other credit card in the industry.
Unlimited Domestic Lounge Access
As a customer, you get unlimited access to Domestic Airports in India. But, how is that possible? Because this kind of facility is provided by super-premium credit cards that come with huge annual fees.
Unlimited Complimentary Lounge Access to Domestic Airports is offered with certain restrictions.
Let’s see:
Reward Points
The Scapia credit card rewards program is designed to generously reward card users for all their transactions with Scapia Coins. Whether it’s a domestic or international transaction, the card offers reward rates that are as follows:
- 10% Scapia Coins: All online and offline transactions, excluding rent, cash withdrawals, money transfers, EMI transactions, digital wallet loading, and top-up transactions.
- 20% Scapia Coins: All travel bookings, including flights and hotels, are made through the Scapia app.
Reward Redemption
The earned Scapia Coins can be instantly redeemed on the Scapia app for travel bookings.
In the Scapia system, 5 Scapia Coins = Rs. 1
Furthermore, there is no restriction or limit on redeeming rewards, allowing cardholders to use their earned Scapia Coins to pay for the full booking amount.
However, it is important to note that coin redemption is solely applicable to Scapia travel bookings and cannot be utilized for any other types of expenses.
Zero Forex Markup Charges
You don’t need to pay any markup charges on any foreign transactions that happen from this card. Yeah, that’s right !!
No-Cost EMI
The cardholders can avail of the feature of converting their travel expenses made on the Scapia App into 3-month no-cost EMIs under the “Travel Now, Pay Later” feature.
Conclusion
Federal Scapia Credit Card is a great option for those seeking a lifetime-free card that offers significant value-back on travel. The main selling point of this card is the zero forex charge on international spending, a feature typically found on premium or super-premium cards.
In a market where most travel credit cards come with high annual fees, Scapia presents a compelling alternative with its lifetime-free feature and significant travel-oriented benefits.
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FAQs
What is the Federal Scapia Credit Card?Â
The Federal Scapia Credit Card is a versatile financial tool that allows users to make purchases, access credit, and earn rewards. Its features include a rewards program, security measures, and flexible redemption options.
What rewards can I earn with the Federal Scapia Credit Card?
The card’s rewards program offers a variety of options, including cashback on everyday purchases, points for travel-related expenses, discounts at partner merchants, and more. The reward structure is designed to cater to diverse spending habits and preferences.
Can I make contactless payments with the Federal Scapia Credit Card?
Yes, the Federal Scapia Credit Card is equipped with contactless payment technology, allowing you to make swift and secure transactions by simply tapping your card at compatible terminals.
Is the Federal Scapia Credit Card widely accepted?
Yes, the Federal Scapia Credit Card is widely accepted domestically and internationally, giving you the convenience to use it at various locations.