Federal Bank
The entry tier — 3x/2x/1x Federal Reward Points on electronics/apparel, entertainment, and other spend — whose own APR is genuinely unresolved between two conflicting issuer-adjacent figures (5.88% p.a. vs. a 23.88%-45% p.a. tiered range), and whose forex markup could not be found anywhere.
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. A ₹99 minimum redemption convenience fee and a ₹200+tax card replacement/reissue fee also apply.
1 domestic lounge visit in the following quarter after ₹20,000+ spend in the current quarter. No international lounge access confirmed for this variant.
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.
