# Federal Bank RuPay Wave

Federal Bank · RuPay. lifetime free · 3.5% forex · 1 RP/₹200.

✓ official · checked 26 August 2026 · Source: https://www.federal.bank.in/rupay-wave-credit-card-mitc

## How it earns (2)

- 1 RP/₹200 · ✓ official · checked 11 July 2026
- Insurance capped at 250 RP/mo · cap 250 points per month · ✓ official · checked 11 July 2026

## On gift vouchers

- ₹13 back on a ₹10,000 voucher bought direct. · 1 RP/₹200
- Vouchers for Bharat Petroleum (BPCL), Google Pay (GPay), NoBroker Pay (rent), FASTag / NHAI and 6 more brands: nothing.

Worked out on a ₹10,000 voucher with no deal running. Card data current to 21 October 2026.
Every card on vouchers: https://voucher.getbrief.cards/best-cards-for-vouchers

## What earns nothing (2)

- No RP on e-wallet loads, 1% fee applies · brand vouchers earn base
- No RP: cash, fuel, e-wallet loads, govt, financial, quasi-cash, rent · rent carries a 1% fee

## Milestones (1)

- 1,000 bonus RP (₹250 @ ₹0.25) @ ₹50K quarterly spend · ₹250 at ₹50,000 spend per quarter · ✓ official · checked 11 July 2026

## Fees

- Annual fee: Lifetime free
- Forex markup: 3.5%
- DCC markup: 3.5%
- Earns: Federal Bank Reward Points · ₹0.25 a point at baseline

## Dated changes (0)


Every change, dated: https://getbrief.cards/changes

---

Fees are before GST. A rate that has aged says so. Brief is not a financial adviser and takes no fee from any bank for the order of this page.

All cards: https://getbrief.cards/cards
Canonical: https://getbrief.cards/cards/federal-wave