Federal Bank Wave RuPay Credit Card
Rs 0Annual fee
0Domestic lounge
3.5%Forex markup
Best for
upi, rupay, lifetime free
Top rewards
UPI spends: 1 Reward Point / Rs 200 spent; All other retail spends: 1 Reward Point / Rs 200 spent; Insurance premium spends: 1 Reward Point / Rs 200 spent (capped at 250 points per month)
Scapia Federal Credit Card
Rs 0Annual fee
UnlimitedDomestic lounge
Domestic lounge conditions
- Unlimited domestic airport lounge access requires a minimum spend of Rs 20,000 in the preceding calendar month.
- Effective February 27, 2026, insurance spends (MCC 6300) and utility transactions (including telecom, internet, cable, and communication services under MCC 4900, 4812, 4814, 4816, and 4899) are excluded from earning Scapia Coins and do not count towards the domestic lounge spend milestone.
0%Forex markup
Best for
travel, zero forex, lounge, upi, lifetime free
Top rewards
Travel bookings on Scapia app: 20% Scapia Coins; Visa online and offline spends: 10% Scapia Coins; UPI spends of Rs 500 or more on RuPay: 5% Scapia Coins
| Feature | Federal Bank Wave RuPay Credit Card | Scapia Federal Credit Card |
|---|---|---|
| Issuer | Federal Bank | Federal Bank |
| Network | RuPay | Visa, RuPay |
| Joining fee | Rs 0 | Rs 0 |
| Annual fee | Rs 0 | Rs 0 |
| Reward type | reward points | scapia coins |
| Best for | upi, rupay, lifetime free | travel, zero forex, lounge, upi, lifetime free |
| Top reward categories | UPI spends: 1 Reward Point / Rs 200 spent; All other retail spends: 1 Reward Point / Rs 200 spent; Insurance premium spends: 1 Reward Point / Rs 200 spent (capped at 250 points per month) | Travel bookings on Scapia app: 20% Scapia Coins; Visa online and offline spends: 10% Scapia Coins; UPI spends of Rs 500 or more on RuPay: 5% Scapia Coins |
| SmartBuy / accelerated caps | Not listed | Not listed |
| Domestic lounge | 0 | Unlimited |
| International lounge | 0 | 0 |
| Forex markup | 3.5% | 0% |
| Milestone benefits | Not listed | Not listed |
| Redemption | Statement credit: upto Rs 0.25 per point | Air miles: upto Rs 0.2 per point |
| Key exclusions | Fuel transactions, Cash advance transactions, Rent payments, Wallet loading transactions, EMI transactions, Government transactions | fuel spends, rental payments, educational services and school fees, utility bill payments, telecom, broadband, cable, and communication services, insurance payments |