In association with Visa, Federal Bank launched credit card.The card comes in three variants with a range of offers. It is being offered to existing customers of the bank currently. The three variants are Celesta, Imperio and Signet. Each of the variant caters to different segment of customers. Celesta is for HNIs, Imperio is targeted at family-oriented customers and Signet is for young, early professionals.
The newly launched credit card is completely digital. It comes with a three-click application approach making the card instantly available for use on FedMobile, the bank’s mobile banking application.The credit cards would be available at annual percentage rate beginning from 0.49% per month (5.88% per annum).
Federal Bank is also all set to launch variants of the Rupay credit card. It will be launching it in association with the National Payments Corporation of India (NPCI).