If you hold this card: The programme has ended — reward and Fi-Coins accrual and redemption stopped on 20 March 2026. Holders were asked to clear any dues, redeem remaining rewards, move standing instructions to another card, and close the account.
Federal Bank discontinued the Fi–Federal co-branded programme (the Amplifi, Simplifi and Magnifi variants) with effect from 20 March 2026. Fi has since moved its credit-card partnership to AU Small Finance Bank, whose lifetime-free AU Fi MagniFi weekend card (issued via the Fi app) is the effective successor.
In-depth review
Fi-Federal Credit Card
Discontinued. The Federal–Fi co-branded credit card programme — MagniFi, AmpliFi and SimpliFi — was wound down effective 20 March 2026: reward accruals stopped, and Fi and Federal Bank asked holders to clear dues and close their cards. The slick app integration was always the real draw and the economics always ordinary; in the end the fintech-card volatility this review long flagged is exactly what shut it. If you still hold one, move your spending to a stable issuer.
Read the full review →Key features
What this card is built to do — the highlights that actually matter.
0.25% on Other
12 Fi-Points per ₹100 on eligible spends (about 0.25% value), redeemable in the Fi app
Zero Forex Markup
Use abroad without extra charge — swipe internationally like you do domestically.
Lifetime Free
No annual fee — ever. Keep this card long-term without any recurring cost.
No new applicants — the programme is discontinued. Existing holders should clear dues and close the card.
Full reward structure
What you earn on every rupee, per spend category — as of 24 Oct 2026. Rates assume 1 pt = ₹0.25. How we value points →
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Other | reward points | 0.25%1 pts/₹100 × ₹0.25 | — |
Other: 12 Fi-Points per ₹100 on eligible spends (about 0.25% value), redeemable in the Fi app
Fees & charges
The numbers that matter beyond rewards — verify on the issuer site before applying. Fees below are shown inclusive of 18% GST, as of 24 Oct 2026.
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | Lifetime free |
| Joining fee (incl. 18% GST) | Free |
| Forex markup | 0% |
Should you get it?
- Best for: Fi Money savings account user wanting an integrated credit card, Digital-native user with 100% online financial management preference, Young professional entering credit card usage via familiar Fi app, Anyone who rejected the branch-visit process of legacy banks
- Entry tier — great for first-time and lower-spend users.
- Strongest value if you spend heavily on everyday spends (0.25% back).
Pros & cons
✓ Pros
- App-native — no branch visits, instant digital issuance via Fi Money app
- Backed by Federal Bank — a regulated private sector bank with full RBI oversight
- Earns rewards on all spends — no category restrictions
- Lifetime free — no fees for eligible Fi users
✕ Cons
- The Fi–Federal programme was discontinued on 20 March 2026 — no longer issued to new applicants
- No airport lounge access
- Reward value is modest at the base rate
Eligibility & documents
Documents required
- 📄PAN card
- 📄Aadhaar (in-app KYC)
How to redeem rewards
Ways to convert what you earn into real value.
- 🎁Redeem Fi-Points in the Fi Money app for vouchers and statement credit
What your Federal Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Standard redemption
Brand & e-gift vouchers
The programme is discontinued — no new applications, and reward accruals and Fi-Coins redemption stopped on 20 March 2026.
Frequently asked questions
Can I still apply for the Fi credit card?
How did it earn rewards?
How has the Fi-Federal Credit Card changed over time?
Has the Fi-Federal Credit Card been devalued recently?
The bottom line
There is nothing left to evaluate here as a live product: Federal Bank wound down the entire Fi co-branded programme on 20 March 2026, stopping rewards and redemption. If you hold one, clear any dues and close it; if you are shopping, Fi's new cards run on AU Small Finance Bank, or pick any current entry card.
How this page was built
Counted from this card’s own record: 1 earn rule.
Last updated 24 Oct 2026.
Sources & verification
Fees, reward rates, and benefits for the Fi-Federal Credit Card are taken from Federal Bank's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page. Last updated 24 Oct 2026. Reviewed by Devchandra Sah. Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for Federal Bank. All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
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Read more
Guides and reviews related to this card.
Fi-Federal Credit Card
Discontinued. The Federal–Fi co-branded credit card programme — MagniFi, AmpliFi and SimpliFi — was wound down effective 20 March 2026: reward accruals stopped, and Fi and Federal Bank asked holders to clear dues and close their cards. The slick app integration was always the real draw and the economics always ordinary; in the end the fintech-card volatility this review long flagged is exactly what shut it. If you still hold one, move your spending to a stable issuer.
Forex Card vs Zero-Forex Credit Card (2026): The Cheaper Way to Spend Abroad From India
A prepaid forex card and a zero-forex credit card both promise 0% markup abroad — but they are very different tools. This guide compares prepaid forex/travel cards (Niyo-type products) with the zero-forex CREDIT cards we track (Scapia, Fi, IDFC FIRST WOW), explains the '0% forex myth', and shows why for most Indian travellers the credit card usually wins on rewards, credit line and fraud protection.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2023 · last change Mar 2026
2026
- ▼ BenefitEffective 20 Mar 2026
Federal-Fi programme discontinued
Federal Bank discontinued the entire Federal-Fi co-branded programme (AmpliFi, SimpliFi and MagniFi) effective 20 March 2026. All reward accruals stopped and Fi-Coins redemption was withdrawn on that date; cardholders were told to redeem any remaining points, clear dues, move standing instructions and close the card. No new applications are accepted; Fi later moved its card partnership to AU Small Finance Bank.
Verification: Federal Bank ↗ · Confidence: High
2025
- ◆ BenefitEffective 15 Oct 2025
MagniFi weekend variant launched
Fi and Federal Bank unveiled MagniFi, a lifetime-free weekend-focused variant: 5% back as Fi-Points on Saturday/Sunday spends and 0.5% on weekdays, each capped at 2,000 Fi-Points (about ₹500) per cycle, plus 20% instant discounts on Amazon, Zomato, Zepto and BookMyShow. Unlike the fee-paying AmpliFi it carried no lounge access and a 3.5% forex markup, marking a shift to a mass-market, spend-capped model.
Verification: Fi (Federal Bank) ↗ · Confidence: High
2023
- ◆ LaunchEffective 2023
AmpliFi Fi-Federal card launched
Fi (the Epifi neobank) launched its first co-branded credit card, the AmpliFi Fi-Federal, on the Visa network with Federal Bank as issuer. A premium, app-native card: ₹2,000 joining fee (waived in year two on ₹2.5L spend), 3% back as Fi-Coins on 20+ top brands such as Amazon, Flipkart and Swiggy, zero forex markup, one quarterly airport-lounge visit, and Fi-Coins redeemable in the Fi app (4 points = ₹1).
Verification: Fi (Federal Bank) ↗ · Confidence: Reconstructed
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
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Source: <a href="https://cardadvisor.in/cards/fi-federal#value-timeline">Fi-Federal Credit Card value timeline</a>, CardAdvisor (CC BY 4.0).