Federal Bank Imperio Credit Card

Federal Bank · Open to apply

Federal's mid-tier family and lifestyle rewards card, free for customers onboarded since 2023-04-03. It earns 1 Federal Reward Point per ₹150 (3 on health care and grocery, 2 on utility bills, under its 3-2-1 structure), adds 2 domestic lounge visits a quarter on ₹40,000 of quarterly spend and quarterly BigBasket vouchers on ₹50,000, and has a 1% fuel surcharge waiver. Points are worth ₹0.10 as cash and ₹0.25 through the rewards portal.

Annual fee
Lifetime free
Joining fee
None
Base rate
1 Federal Reward Point per ₹150: 1 Federal Reward Points per ₹150 (about 0.07% at cash value)
Lounges
Domestic: 2 visits a calendar quarter after ₹40,000 spend
Forex markup
3.5%
Data
From bank documents, checked 6 Nov 2026

Main earn rates

  • Health care and grocery, 3x (3 Federal Reward Points per ₹150): 3 Federal Reward Points per ₹150 (about 0.2% at cash value)
  • Utility bills, 2x (2 Federal Reward Points per ₹150): 2 Federal Reward Points per ₹150 (about 0.13% at cash value)

Earns nothing on

  • No rewards on fuel
  • No rewards on government services and tolls
  • No rewards on e-wallet loading
  • No rewards on rent paid by card
  • No rewards on cash, financial institutions and quasi-cash

Where the sources disagree

  • reward multipliers (3-2-1): The MITC's reward table lists only 1 point per ₹150 for Imperio (₹100 Celesta, ₹150 Imperio, ₹200 Signet). The current Imperio pages give 3x on health care and grocery, 2x on utility bills and 1x elsewhere, and Federal's FAQ calls this the "Accelerated Rewards point structure of 3x-2x-1x". The MITC rate is the 1x tier, so we model 3, 2 and 1 point per ₹150. The listing page's "3, 2, or 1 point per ₹100 across all card variants" (with Celesta's travel and dining categories) contradicts the MITC's per-₹150 base for Imperio and is not used.
  • fuel surcharge waiver scope: The MITC limits the waiver to spends of ₹400 to ₹5,000 at petrol pumps in India, up to ₹150 a month; the Imperio product pages say "1% fuel surcharge waiver at all fuel stations across India". The MITC is used.
  • lounge programme end date: The airport lounge terms page (updated 2026-06-15) says the programme is available "till 31st March 2026 (extendable upon Bank's discretion)"; the MITC (2026-07-31) and the product pages still list the lounge benefits as current.

Terms the calculator does not value

  • Federal does not publish the MCC lists behind its 3-2-1 categories, how a spend in two of them is treated, or any cap on the multiplied points. We map health care to pharmacies and medical services and grocery to supermarkets and grocery apps; utility bills to electricity, gas, water, mobile, broadband and DTH. A merchant Federal codes differently earns 1x.
  • Lounge quarters run on Federal's 21st-to-20th cycle; the calculator uses calendar quarters and cannot check the settled-in-cycle rule.
  • The quarterly BigBasket vouchers have no stated value, so they add nothing to the calculated value.
  • Invitation-only bonus-point campaigns with per-customer spend targets and a "10x welcome rewards" of up to 500 bonus points on the first transaction of ₹500 or more (terms not found) are not valued.

Sources

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