Scapia Credit Card co-branded With Federal Bank Full Details.

[TechnoFinoTechnoFino is verified member.]

SCAPIA TECHNOLOGY PVT. LTD (a fintech company) and Federal Bank are set to launch a co-branded credit card. Let's examine its benefits and reward system:
[Apply for LTF Scapia Federal Bank Credit Card: https://bit.ly/TFSCF ]



Benefits:

1. Unlimited domestic lounge access (unlock after spending 5000 in a month)
2. Zero Forex Markup Charges

Fees: Lifetime Free Credit Card. No joining fees, No annual fees.

Reward System:
Online & Offline Spends: earn 10 Scapia coins for every Rs. 100 spent.
Travel Booking on Scapia App: 20 Scapia coins for every Rs. 100 spent.

No reward points on international spends

Redemption:
5 Scapia coins = Rs. 1
You can redeem them for booking flights and hotels on the Scapia app.

Reward Rate: Normal spends - 2%
Travel booking via Scapia - 4%

Opinion: The benefits offered by this card look impressive. The inclusion of unlimited domestic lounge access is quite unexpected for a lifetime free card. However, one need to spend Rs. 5000 in month to get unlimited domestic lounge access. We'll have to wait for the detail terms and conditions to get a better idea about the card.
Apply for LTF Scapia Federal Bank Credit Card: https://bit.ly/TFSCF

 

[avikrish]

You didn't have fi,/Jupiter accounts, right?

No i don't have, i just took it as it is ltf and zeromarkup fee

 

[rp0703]

Even with FI/Jupiter accounts they are approving

How do you know? I didn't see any other post mentioning that.

 

[ᏰᏋᎥᏁᎶᎥᏁፈᎧᎶ]

You can have scapia if you have FII or Jupiter account
Only Federal core savings account are excluded

@rp0703

 

[rp0703]

@rp0703

Applied just now. Application is at this stage.

 

[ᏰᏋᎥᏁᎶᎥᏁፈᎧᎶ]

How do you know? I didn't see any other post mentioning that.

sorry quoted the same guy. lol

 

[anirban.choudhuryanirban.choudhury is verified member.]

How do you know? I didn't see any other post mentioning that.

Because of this

 

[federer.reddevil]

I have an Education loan so according to @raaz_rs2 I will be rejected

 

[rp0703]

Got the WhatsApp message like below

Hi traveller! You're off the waitlist. Head to the Scapia app now and get started with your application for the credit card that takes you places!

Applied it and vkyc is done within 15 min and within 8 hours got approved and virtual card is provided. Got more than 6 lakh credit limit, my cibil got hit only post providing otp to access credit report, I liked this way.

Before applying My cibil score is 794.

If anyone wants invite without joining waitlist, the existing scapia card holders can provide an invite, for this friends whatsapp number to be provided and it will generate a link which is Valid till 30 days.

Does VKYC happen before or after approval? Mine application is at this stage right now. Maybe because I applied today i.e sunday.

 

[armat]

May be That's why they rejected it.

No they told me clearly that multiple enquiries was the reason for rejection and reapply after 90 days

 

[rp0703]

No they told me clearly that multiple enquiries was the reason for rejection and reapply after 90 days

Vkyc happened?

 

[ᏰᏋᎥᏁᎶᎥᏁፈᎧᎶ]

Vkyc happened?

Nope, after cibil OTP rejected for me too for the same reason.

 

[Trendz]

do we have the list of airport lounges ?

 

[rp0703]

Nope, after cibil OTP rejected for me too for the same reason.

After entering OTP mine is at "we'll come back to you within 14 days".

 

[avikrish]

Does VKYC happen before or after approval? Mine application is at this stage right now. Maybe because I applied today i.e sunday.
View attachment 20824

After signing up and cibil got hit, you will get option to select address, then it will go for vkyc , after that post verification happens

 

[shashank08]

Registered on the app 2 days back..
got the invite today..
applied for the card and at least didn't get rejection... Earlier rejected for federal bank card in April when tried applying for LTF federal card..
Have 8 queries in last 6 months and have 4 queries since April onwards in CIBIL....

VKYC has been done and waiting for final confirmation..

Don't have any relationship with Federal bank as of now..

 

[rp0703]

Registered on the app 2 days back..
got the invite today..
applied for the card and at least didn't get rejection... Earlier rejected for federal bank card in April when tried applying for LTF federal card..
Have 8 queries in last 6 months and have 4 queries since April onwards in CIBIL....

VKYC has been done and waiting for final confirmation..

Don't have any relationship with Federal bank as of now..

Is your application at this stage?

 

[shashank08]

Is your application at this stage?
View attachment 20862

No it is at below given stage..

 

[rp0703]

No it is at below given stage..View attachment 20866

I didn't get option to do vkyc. I have fi/Jupiter accounts.

 

[shashank08]

I am not sure if it is because of fi/jupiter account but as I looked at various comments on this thread.. most of the folks have gone through vKYC process..

I didn't get option to do vkyc. I have fi/Jupiter accounts.

 

[rp0703]

I am not sure if it is because of fi/jupiter account but as I looked at various comments on this thread.. most of the folks have gone through vKYC process..

Probably going to get rejected.