Federal Bank rolls out UPI-enabled RuPay Wave credit card; here's how to apply

Federal Bank, in collaboration with National Payments Corporation of India (NPCI), has launched RuPay Wave Credit Card that merges UPI-powered transactions on RuPay network integrating the benefits and features of both.

Federal  Bank's cardholders can now link their RuPay Wave credit card to their preferred UPI applications, enabling swift and secure transactions with just a couple of clicks on their mobile devices. 
  
Federal Bank is providing the following benefits to customers: 
• Simple 2 click journey via the FedMobile application (Mobile Banking application). 
• No AMC or joining fees. 
• 10% cashback on the first five UPI transactions made using the Wave Credit Card. 
• 1000 bonus reward points upon quarterly spends of Rs 50,000, as a milestone benefit. 
  
Shalini  Warrier,  Executive  Director  at  Federal  Bank,  said,  "This credit  card brings the best of India’s most popular payment instrument, UPI, to our valued credit card holders.A seamless digital application process, completed in seconds, ensures customers can start transacting immediately  via the many UPI apps available in the market. We feel privileged to be able to contribute to the digital revolution  in the country and thank NPCI for their valued support in this journey”. 
  
Praveena Rai, Chief Operating Officer, NPCI said, “By linking the RuPay Wave  Credit Card with UPI-enabled apps, Federal Bank customers will experience the convenience of UPI and benefits  of  secure  RuPay  network.  This  collaboration  is  another  step  towards  our  goal  to  deliver  seamless  payment solutions that simplify credit accessibility for Indians.” 
  
How  to  Apply:  

Existing  Federal  Bank  credit  card  holders  can  apply  for  the  Wave  Credit  Card  through  the FedMobile application. Customers can log in to their credit card account, apply for the Wave Credit Card, accept  the  terms  and  conditions,  and  verify  their  application  with  their  MPIN. Those  customers  who  do  not  own  a  Federal  Credit  Card  can  apply  for  a  primary  credit  card  and  apply  for  a  Wave  credit  card  subsequently. 

For more details and to apply, visit: https://creditcards.federalbank.co.in/#/entry