Federal Bank Paisabazaar Paisaback Credit Card

Federal Bank · Open to apply

A grocery-focused cashback card from Paisabazaar and Federal on RuPay. It pays 7.5% in CashPoints on groceries (supermarkets and quick-commerce apps), 1% on other card spends and 0.5% on UPI payments of over ₹2,000, up to 1,000 CashPoints a month; a CashPoint is worth ₹1 and lapses after a year. Joining and annual fee ₹500, waived on ₹1.5 lakh of spend in the previous year. The reward terms come from Paisabazaar's page and the press, not from a bank document.

Annual fee
₹500 + GST a year
Joining fee
₹500 + GST
Fee waiver
Annual fee waived on ₹1,50,000 spend per card year
Base rate
1% CashPoints on other eligible POS and e-commerce spends: 1% in CashPoints (about 1% at cash value)
Lounges
None on record
Forex markup
3.5%
Data
From bank documents, checked 6 Nov 2026

Main earn rates

  • 7.5% CashPoints on groceries: 7.5% in CashPoints (about 7.5% at cash value)

Earns nothing on

  • No CashPoints on fuel
  • No CashPoints on wallet loads and rent
  • No CashPoints on jewellery
  • No CashPoints on EMI conversions
  • No CashPoints on travel paid by UPI
  • No CashPoints on railway transactions
  • No CashPoints on utility bills
  • No CashPoints on insurance premiums, education, government services and tolls

Where the sources disagree

  • fuel surcharge waiver period: The MITC says the waiver is capped at ₹100 per cycle and the launch press release says per billing cycle; Paisabazaar's card page says "up to Rs. 100 per month". We use the MITC.

Terms the calculator does not value

  • Every reward term (7.5% grocery, 1% other, 0.5% UPI over ₹2,000, the 1,000-CashPoint monthly cap, the exclusions, CashPoint value and one-year validity, the ₹500 joining cashback) is third-party or partner-stated: it comes from Paisabazaar's card page and the launch press coverage, not from a Federal document. The MITC (the only bank document found) covers fees, charges, the fuel surcharge waiver cap and repayment, and has no reward section at all: no earn rates, no definition or MCC list for grocery, no exclusions, no cap or its period (calendar month or billing cycle), no CashPoint value, validity or redemption route, and no welcome offer. Federal's own Paisabazaar page was not readable (bot block; the only archived copy, 2026-01-21, has no body). Whether grocery paid by UPI earns 7.5% is not stated; it is modelled at 7.5%.
  • UPI payments earn 0.5% only on transactions above ₹2,000, and nothing below. The calculator applies the minimum at the UPI line's typical payment, so smaller payments earn nothing (under_min: none).
  • Paisabazaar's footnote also lists hospitals, telecom equipment and automotive shops as earning nothing; these do not map to our categories (hospitals are only part of health) and are not excluded here, so those spends may be overvalued. Railway is modelled as IRCTC only.
  • CashPoints are credited to a wallet in the Paisabazaar app and are redeemed there; the route into cash is not stated, so valuing a CashPoint at ₹1 assumes full redemption within the year.
  • The fuel surcharge waiver (up to ₹100 a billing cycle) is not valued because its rate and eligible range are not stated.

Sources

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