Scapia Credit Card devaluation/cashback points limitations
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Scapia Credit Card devaluation/cashback points limitations:
Dear Cardholder,
Greetings from Federal Bank.
In our commitment to transparency and exceptional service, we're writing to inform you about the updates to the terms and benefits on your Scapia Federal Credit Card that will be made effective from 7th September 2024.
What's changing?
A. Fuel Transactions:
- Enjoy 1% surcharge waiver for any fuel transaction up to Rs.5,000
- Surcharge waiver amount is capped at Rs 500 per billing cycle
- Fuel spends over Rs.50,000 in a billing cycle will attract an additional convenience fee of 1% + applicable GST
- Convenience fee is capped at Rs.3,000 per transaction excluding GST
- Spends on Fuel category are now excluded from rewards
B. Lounge Access: Unlimited domestic lounge benefit will be unlocked on spends of ₹10,000 or more in the previous billing cycle. This updated benefit will reflect in statements generated from October. For statements generated in September, the existing ₹5,000 spending threshold will apply.
C. Utility, Telecom and Cable Transactions (MCC: 4900,4812,4814, 4816 and 4899):
- 10% coins for spends up to Rs.20,000 in a billing cycle
- Spends more than Rs.20,000 in a billing cycle are excluded from rewards
- Spends over Rs.50,000 in a billing cycle will attract an additional convenience fee of 1% + applicable GST
- Convenience fee is capped at Rs.3,000 per transaction excluding GST
D. Other changes:
- Spends on rent, wallet load will now attract a convenience fee of 1% + applicable GST (max Rs.3,000 per transaction excluding GST)
- Spends on Government Services (MCC: 9099 to 9999) and Business Services (MCC: 7399, 7311, 7372, 7538, 7832, 7392, 7997, 7991, 7349, 7941) are now excluded from rewards
E. Interest Rates:
- Interest rates on your Scapia Federal Credit Card stands revised to 3.75% p.m. (45% p.a.). If your bill is not paid in full, 3.75% interest will be charged on the total outstanding every month
Please note: Goods and Services Tax (GST) will be charged on all fees, interest, and other charges.
Thank you for using Scapia Federal Credit card. We're excited to keep offering you a credit card experience that's not only hassle-free but also rewarding. Here's to more adventures together!
Regards, Federal Bank
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Scapia is mostly used for 0 forex. Most LTF cards have made spend based access to lounge.
Tata neu infinity abhi bacha hua h, dua kro ke me 2-4 airports ka khana khaa lu, tb kuch ho 🤣🫢
Scapia Credit Card still best card. Just use any Snapay or easemydeal like apps and transfer to bank at 1%+GST.
10k spend charges only Rs100+GST and enjoy Unlimited domestic lounge benefit + 10% coins too because Snapay is Utility category.
Which is best Federal Credit card for offers? Is it good to go for Platimum or Signature card??
Aa gya ye bhi apni aukaat pe