Federal Bank Wave Rupay Virtual Credit Card Launched

[alanabraham]

Federal Bank launched Wave Rupay Virtual Credit Card for UPI transactions. It will act as a floater card linked to Primary card by sharing tue limit of Primary Card.

0 JF & AF
Virtual Floater Card
Shared Limit
UPI
No physical card will be sent.

NB:- In testing phase, public roll out not began yet. Those who have core cards may soon get preapproved link to apply.


On a side note, this may shows the change in bank's policy of one card per customer. Hope those who have Federal core card can take co-branded cards in future and vice versa.

 

[Ram1]

You are correct, The first statement I can see is from May 2024. I thought I got it in 2023. But yeah Just one entry in CIBIL after all these months

U getting combined statement or separate statements every month?

 

[BeingIncogBeingIncog is verified member.]

separate statements every month?

separate . .

 

[Ram1]

separate . .

U r paying both bills separately?

 

[BeingIncogBeingIncog is verified member.]

U r paying both bills separately?

yes, coz bharatconnect (bbps)

 

[dvader]

U getting combined statement or separate statements every month?

Separate stmt and Separate payment. I confirmed it with customer care after I got the card.

 

[Ram1]

yes, coz bharatconnect (bbps)

Separate stmt and Separate payment. I confirmed it with customer care after I got the card.

So that means sooner or later, 2nd card will also be added to cibil.
Its not like idfc, icici then(1 statement, 1card in cibil)
Ur Throughts? @Abhishek012

 

[binno]

Can someone with rupay card as core get the wave card ?

 

[CosmicCat]

Today, I got my physical Federal Imperio Mastercard credit card delivered. I activated it on the FedMobile app and immediately got the option to generate a Wave virtual RuPay credit card (lifetime free, by the way). I went ahead, and it was generated instantly!

But for some reason, I can’t set a UPI PIN for this card on any UPI app. Every app I tried detects the card right away, but when I try to generate the UPI PIN, it keeps failing due to server downtime issues. Honestly, the first experience has already been a letdown; I don't know what awaits in the future. 😅

EDIT: Tried setting the UPI PIN the next day, and it worked!

 

[althafvly]

Today, I got my physical Federal Imperio Mastercard credit card delivered. I activated it on the FedMobile app and immediately got the option to generate a Wave virtual RuPay credit card (lifetime free, by the way). I went ahead, and it was generated instantly!

But for some reason, I can’t set a UPI PIN for this card on any UPI app. Every app I tried detects the card right away, but when I try to generate the UPI PIN, it keeps failing due to server downtime issues. Honestly, the first experience has already been a letdown; I don't know what awaits in the future. 😅

Try tommorow. You might need to wait sometime after its generated.