Federal Bank
The mass-market Federal Bank tier — 3x/2x/1x Federal Reward Points on healthcare/grocery, utility, and other spend — confirmed at a 2% forex markup, resolving an earlier, unconfirmed 3.5% claim found nowhere on the issuer's own site.
reward points
Milestone rewards
Points redeem at ₹0.10 each for cash-to-account redemption, or up to ₹0.25 each against the Federal Rewards catalogue. Also includes a Buy-One-Get-One INOX movie ticket offer, once a quarter.
2 domestic lounge visits in the following quarter after ₹40,000+ spend in the current quarter. No international lounge access.
Verified from official issuer sources. Last verified 31 August 2026
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ICICI Bank
A lifetime-free card that pays its best rate on Amazon. Worth holding for Amazon spend; unremarkable elsewhere, and you cannot simply apply for it.
ICICI Bank
An entry-level card whose real value is the lounge and cinema benefits, not the rewards. The reward points earn into a goods catalogue with no published rupee value, so treat the rate as unknown rather than as cashback.
ICICI Bank
A no-fee starter card. Earns the same catalogue points as Coral but without the lounge, cinema or milestone benefits, so the fee saving is most of what distinguishes it.
