Using your Credit Cards wisely is a skill that should be developed by every cardholder to avoid falling into debt traps. To avoid this, we have a list of practical tips that will help in better usage of credit cards. The APR on a credit card varies based on different charge applications. The late payment charges on the card is levied when the cardholder fails to pay at least the ‘minimum amount’ due by the due date. Federal Bank makes it easy to convert large purchases into manageable installments through its credit card EMI facility which is ideal for both online and offline transactions. With clear age, income, credit history, and documentation guidelines, Federal Bank ensures transparent credit card eligibility, making the application process smooth and trustworthy.

Different types of Credit Cards

Balance transfer is a facility that allows you to transfer your existing other Bank Credit Card’s outstanding balance to your Federal Bank Credit Card. Max limit for contactless payment is Rs.5000 without PIN, and Rs.50000 with PIN. Online servicesView and manage your account anywhere in the world by using your Online Card Account, or the American Express App. SMA is categorized based on Principal or Interest payment or any other amount wholly or partly overdue. Operative account shall be auto debited to recover MPD amount on daily basis till recovery of MPD.

American Express® Platinum Reserve Credit Card

Assuming no previous balance carried forward from 25th Mar’24, the Statement generated on 25th Apr’24 shows an outstanding balance of Rs.5,000/-. © The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India). Deposit at least ₹457 into your account via Jeton wallet and get promo tickets for each deposit as well as daily cashback worth 20% of the deposit to your bonus account. All the promo codes listed above are valid and can be used to place bets on major sporting events such as the T20 World Cup 2026, Premier League, La Liga, Champions League, and more.

Bank retains the right to initiate legal action against the Card holder / legal heirs in case of default. Your financial behaviour, or how prudently you use your credit cards, will significantly impact how having multiple credit cards affects your credit report and credit score. No matter how many credit cards you have, you must always pay your bills on time and keep your credit card balances low. The minimum payment is the smallest amount of money you must pay each month to maintain the status of your account.

• Assuming no previous balance carried forward from 25th Mar’24, the Statement generated on 25th Apr’24 shows an outstanding balance of Rs.5,000/-.
• Credit score generally indicates your creditworthiness and demonstrates your ability to repay a loan.
• Yes, you can request an increase in your credit card limit by visiting the nearest Union Bank of India branch.
• Secured Credit Cards are issued against eligible Fixed Deposits (FD) held by Customers with Federal Bank.

Add-on Credit Card is a supplementary Credit Card which can be issued to Primary card holder’s family members, within the credit limits and liability of the primary card holder. The Add-on Card allows you to share existing Credit aviator india card limit and features with up to 4 family members. You can also apply for a credit card by visiting the nearest Federal Bank.