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

 

[SSMV]

Enquiries? Fi or Jupiter account?

20 enquiries in last 3 months and i have Fi and Jupiter both the account

 

[nirsark]

On hold due to existing Federal Account. Don't know when will get approval.

 

[rahulsethi]

Bad news for all who got no offers from Federal bank cards, Scapia also outright rejects your application. Got rejected at a CIBIL of 786.

 

[StanRoute66]

VKYC also done, told that within 4 to 24 hrs will get update and card dispatched in 4-6 days

At approval page I was shown Credit Limit of 10 lakhs !! If indeed true, it would be highest to me from PSU backed Credit Card

Federal bank is not a PSU , it's a private bank

 

[StanRoute66]

Hi , Guys ... I got an invite today . I am going to apply . Need your guidance
I have 4 CIBIL enq since 6 months and Fi Savings account . Should I apply with same contact details as Fi account or different one ?

 

[StanRoute66]

I have the card, here's my quick review

App:
Clean and functional

Benefits:
0% forex markup on credit. (Really good as forex card) Rate will be https://www.visa.co.in/support/consumer/travel-support/exchange-rate-calculator.html
Lounges (Unlimited domestic for primary on spend of 5k in previous cycle)

Target audience
Travelers

Points system
You earn scapia coins where each coin is worth 0.2 Rs
2% regular spends
4% on booking travel via scapia app
No rewards on rent/forex/crypto/taxes/education. That includes foreign spends

Redemption
Booking Hotel/Flights using an integration with an aggregator. Interface works well

Card:
The design of the card is a youthful orange with a traveler graphic. Will get a second look at the POS machine. Unboxing fans will really love the packaging


Future expansion
They are bringing BNPL for travel

Things they need to do
Onboard booking and rewards for IRCTC, Redbus, outstation cab providers

In all if you are a young travel enthusiast, APPLY for this card.

did you have any Federal Savings account ? Fi or Jupiter or any FED account

 

[Chaitanya-a]

Bad news for all who got no offers from Federal bank cards, Scapia also outright rejects your application. Got rejected at a CIBIL of 786.

Scapia has done a blunder by choosing pathetic banking partner. Due to Federal, they'll suffer by getting only handful of customers.

Even HDFC had relaxed its 1 card policy for cobranded Tata Neu card.

 

[repertoire]

I got the invite about 30 minutes ago, the application process was smooth so far, they offered me a 2,30,000 limit -- which is actually slightly more than my highest limit CC right now (2.2L on Apay). I just finished doing VKYC.

Can you still get rejected at this stage? I have like the worst luck with CC applications.

 

[vaibhav111vaibhav111 is verified member.]

Scapia has done a blunder by choosing pathetic banking partner. Due to Federal, they'll suffer by getting only handful of customers.

if they are smart, they probably will add more bank later just like onecard.

 

[It_is_Naruto]

I got the invite about 30 minutes ago, the application process was smooth so far, they offered me a 2,30,000 limit -- which is actually slightly more than my highest limit CC right now (2.2L on Apay). I just finished doing VKYC.

Can you still get rejected at this stage? I have like the worst luck with CC applications.

Bandhu...iska jawaab to Kaal k garbh ( read Federal bank records and Internal Guidelines) main chhupa hai... keep us updated.. all the best

 

[vaibhav111vaibhav111 is verified member.]

The love for the LTF card is truly remarkable. From my perspective, the card seems to be alright. However, it's worth noting that this post was made on the 14th and is already on the 6th page. Interestingly, the banking partner for this card is Federal Bank. While some new members have eagerly taken the plunge vs why to apply and get cibil hit where all know(regular community member) federal won't provide more than 1 cc whether it co-branded or core cc of their. and even declined or unknow reason.

 

[captaintorchtm]

I got invited but im not applying just because of the history, Approval rate, and reviews about federal bank

 

[StanRoute66]

I got the invite about 30 minutes ago, the application process was smooth so far, they offered me a 2,30,000 limit -- which is actually slightly more than my highest limit CC right now (2.2L on Apay). I just finished doing VKYC.

Can you still get rejected at this stage? I have like the worst luck with CC applications.

did you have any Federal account ?

 

[sivarock]

Hi , Guys ... I got an invite today . I am going to apply . Need your guidance
I have 4 CIBIL enq since 6 months and Fi Savings account . Should I apply with same contact details as Fi account or different one

The application process doesn't verify your salary details or any income details. it asks from us and is processed based on cibil, existing relationship with federal.

I don't how this works.

So work it out before applying. it is purely based on your income details previously mentioned in your cibil by previous application and current score scenario.

I also had fi account for more than a year now and doing average transactions. but got rejected. My opinion is to wait for some time and no one with a federal account in any way got approved. So wait.

 

[palen]

I have 780 cibil score and no Federal card even then they have rejected after taking all the necessary information from me at final step

I received the invite and went through the process (800+). Pending vkyc, server is not available.

 

[mgforce]

I received the invite and went through the process (800+). Pending vkyc, server is not available.

Try for VKYC at 10-11 am or 2-4 pm

Worked for me

 

[mgforce]

The love for the LTF card is truly remarkable. From my perspective, the card seems to be alright. However, it's worth noting that this post was made on the 14th and is already on the 6th page. Interestingly, the banking partner for this card is Federal Bank. While some new members have eagerly taken the plunge vs why to apply and get cibil hit where all know(regular community member) federal won't provide more than 1 cc whether it co-branded or core cc of their. and even declined or unknow reason.

Indeed.... I applied because it is LTF. For me will also work as backup during foreign travels...

In my family have 3 LTF - Federal Cards

One via OneCard Metal
One via Federal (Celesta)
One via Scapia

 

[krishc]

Think I'll wait till the product stabilizes
don't have any immediate foreign travel plans either

 

[repertoire]

did you have any Federal account ?

No relationship with them. I used to have a Jupiter account but I closed it about a year ago.

 

[repertoire]

That got approved much faster than I expected, nice.