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

 

[nik007rock]

Applied yesterday done with Vkyc as well, now in review

 

[mgforce]

Update regarding Scapia applications for those with existing Federal Bank relationship

Attention all Scapia enthusiasts! We hear your questions and we want to address them. Currently, our friends with existing Federal Bank relationships, including savings accounts, might need to wait a bit longer for #scapia. We're tirelessly working on a solution and we'll bring updates your way ASAP. Your patience means the world to us! Stay tuned and thanks for being a part of the Scapia family!

 

[armat]

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

What was your cibil score ? How many enquiries from past 3 months ?

 

[mgforce]

What was your cibil score ? How many enquiries from past 3 months ?

Already answer above... 3 enquiries, score 775

 

[sinew]

Bhai Tumhe itni jaldi card kaisa mila? When did this launch?

Know someone at the company, got this pre launch

 

[nik007rock]

For me card started showing up in the app with a limit of 3.67 Lac

 

[federer.reddevil]

For me card started showing up in the app with a limit of 3.67 Lac

How many enquiries you had in last 6 months?

Any account in Federal bank or Fi or Jupiter?

 

[nik007rock]

How many enquiries you had in last 6 months?

Any account in Federal bank or Fi or Jupiter?

ENQUIRIES

31 LAST 3 YEARS
31 TOTAL

Last 6 Months - 6 Enquiries with no Account in FI/jupiter etc

Note :
FEDERAL BANK
16/06/2023
Personal Loan

They did personal loan enquiry

 

[armat]

For me card started showing up in the app with a limit of 3.67 Lac

Can use it for federal bank offers?

 

[V G]

ENQUIRIES

31 LAST 3 YEARS
31 TOTAL

Last 6 Months - 6 Enquiries with no Account in FI/jupiter etc

Note :
FEDERAL BANK
16/06/2023
Personal Loan

They did personal loan enquiry

It means if someone has even savings account with federal, credit card will be denied. Enquiry doesn't matter.

 

[nik007rock]

Can use it for federal bank offers?

will have to check , suggest me some ongoing offers/sites where can i check? if you know

 

[zaid_2913]

will have to check , suggest me some ongoing offers/sites where can i check? if you know

You can check in yatra or swiggy.

 

[krishc]

so now will have to wait for two issues to get fixed
alternative banking partner for existing Federal users plus until they learn to make credit card CIBIL enquiries for a credit card and not a personal loan one

 

[armat]

will have to check , suggest me some ongoing offers/sites where can i check? if you know

Try it on swiggy and let me know

 

[sinew]

Try it on swiggy and let me know

If you click on "+ More" button it says offer not valid on Fi, Scapia etc.

I think that offer is only for core federal bank cards

 

[federer.reddevil]

If you click on "+ More" button it says offer not valid on Fi, Scapia etc.

I think that offer is only for core federal bank cards

Then the only use of Scapia is 2% on all transaction 4% on Travel and unlimited domestic lounge

 

[sinew]

Then the only use of Scapia is 2% on all transaction 4% on Travel and unlimited domestic lounge

It is a card meant for travelers, Its mentioned in their promotional material.
If you have a high rewarding card where forex works to your advantage then that is good
Otherwise I think this is a good option because of 0% forex markup and a decent reward rate

 

[rp0703]

Update regarding Scapia applications for those with existing Federal Bank relationship

Got invite just now. I have Jupiter and Fi accounts, so will not apply.

 

[federer.reddevil]

Got invite just now. I have Jupiter and Fi accounts, so will not apply.

Thats a good decision as they have already mentioned those with Federal accounts will not get another thing is it will come as a personal loan

 

[chdguy1980]

Did anyone with FI Account (and no other relationship with Federal) got Scapia card issued?