Federal Fi Co-branded Credit Cards (AmpliFi, SimpliFi, MagniFi)

Federal Bank · Discontinued

Three Visa credit cards Federal issued with the Fi money app (Fi Brand Pvt Ltd): AmpliFi (₹2,000 fee, zero forex, 3 Fi-Points per ₹100 and 12 on curated brands), SimpliFi (FD-backed, weekend-weighted rewards) and MagniFi (lifetime free, 5% on weekends up to a cap). Fi-Points were worth ₹0.25. Federal discontinued the programme on 2026-03-20 and replaced the cards with the Scapia Federal card.

Annual fee
₹2,000 + GST a year
Joining fee
₹2,000 + GST
Fee waiver
Annual fee waived on ₹2,50,000 spend per card year
Base rate
3 Fi-Points per ₹100 (AmpliFi, from 2025-08-10): 3 Fi-Points per ₹100 (about 0.75% at cash value)
Lounges
None on record
Forex markup
0%
Data
From bank documents, checked 6 Nov 2026
Replaced by
Scapia Federal Credit Card

Earns nothing on

  • No Fi-Points on wallet reloads
  • No Fi-Points on rent payments
  • No Fi-Points on gold purchases
  • No Fi-Points on forex transactions

Where the sources disagree

  • SimpliFi late payment fee: SimpliFi's MITC gives slabs of ₹0, ₹100, ₹300, ₹400, ₹500, ₹750, ₹1,000 and ₹1,500 (the last above ₹25,000), while Federal's April 2026 charges schedule lists ₹0, ₹100, ₹500, ₹750, ₹1,000, ₹1,500 and ₹2,000 for SimpliFi (up to ₹50,000 and above). Neither is entered, since this record models AmpliFi.
  • SimpliFi joining and annual fee: SimpliFi's MITC says the joining and renewal fee are Nil; Federal's April 2026 schedule lists "NA". Read as no fee.
  • EMI on AmpliFi: AmpliFi's MITC says no EMI facility is available "as of now"; Federal's April 2026 schedule lists EMI processing of 2.5% or a minimum of ₹200. We record no EMI charge.

Terms the calculator does not value

  • AmpliFi's 4x rate (12 Fi-Points per ₹100, 3%) on brands in "Fi's curated collection" is not entered: the brand list lived in the Fi app and is not in any source read, and it could change over time. Spends at those brands are valued at the 3 points per ₹100 base rate.
  • The three products had materially different terms, and only AmpliFi's fees, charges and rewards are modelled; the calculator's figure is AmpliFi's, not SimpliFi's or MagniFi's. Fees: AmpliFi ₹2,000 joining and renewal (waived on ₹2.5 lakh); SimpliFi and MagniFi nil. Forex: AmpliFi 0%; SimpliFi and MagniFi 3.5%. Cash: none on AmpliFi or MagniFi; SimpliFi 2.5% (minimum ₹250) up to 20% of the limit. Earn (from 2025-08-10): AmpliFi 3 Fi-Points per ₹100 and 12 on curated brands; SimpliFi 1 per ₹100 on weekdays and 2 on weekends, at most 1,200 a cycle; MagniFi 2 per ₹100 on weekdays and 20 on weekends, at most 2,000 of each a cycle, with more exclusions (fuel, utilities, insurance, education, government). Late fees and the rent, wallet, fuel and utility fees also differ. SimpliFi was secured (a fixed deposit in the Fi app). They would need separate records to be valued.
  • The welcome offer (a choice of options unlocked by criteria communicated in the app at onboarding) is not in the MITC. Fi's marketing page advertised welcome gift cards, but its terms are not found.
  • The programme ended on 2026-03-20: reward accrual stopped, Fi Coins could no longer be redeemed and unredeemed points lapsed. The earn rules above are the last terms in force; none is current.

Sources

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