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Scapia Credit Card co-branded With Federal Bank Full Details.

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SCAPIA TECHNOLOGY PVT. LTD (a fintech company) and Federal Bank are set to launch a co-branded credit card. Let's examine its benefits and reward system:
[Apply for LTF Scapia Federal Bank Credit Card: https://bit.ly/TFSCF ]

Screenshot_20230615_092733_Samsung Internet.jpg

Benefits:
  1. Unlimited domestic lounge access (unlock after spending 5000 in a month)
  2. Zero Forex Markup Charges
Fees: Lifetime Free Credit Card. No joining fees, No annual fees.

Reward System:
Online & Offline Spends: earn 10 Scapia coins for every Rs. 100 spent.
Travel Booking on Scapia App: 20 Scapia coins for every Rs. 100 spent.

No reward points on international spends

Redemption:
5 Scapia coins = Rs. 1
You can redeem them for booking flights and hotels on the Scapia app.

Reward Rate: Normal spends - 2%
Travel booking via Scapia - 4%

Opinion: The benefits offered by this card look impressive. The inclusion of unlimited domestic lounge access is quite unexpected for a lifetime free card. However, one need to spend Rs. 5000 in month to get unlimited domestic lounge access. We'll have to wait for the detail terms and conditions to get a better idea about the card.
Apply for LTF Scapia Federal Bank Credit Card: https://bit.ly/TFSCF
 
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My cibil is 810 and salary 3+, still my application was not processed due to their internal policies. May be due to multiple queries in my cibil.
 
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My cibil is 810 and salary 3+, still my application was not processed due to their internal policies. May be due to multiple queries in my cibil.
You have any existing loan or credit card from federal bank? Or if you have Federal bank cobranded one card then application gets rejected by scapia
 
People who's card got approved, are the prices for travel bookings in Scapia app inflated or are they same/similar compared to other leading booking sites/apps ?
There's no point in earning Scapia coins of the prices are inflated.
 
People who's card got approved, are the prices for travel bookings in Scapia app inflated or are they same/similar compared to other leading booking sites/apps ?
There's no point in earning Scapia coins of the prices are inflated.
I checked for 29th Sept and 12 Oct -- Del-Mumbai -- one way journey on 2 different dates.. ... and fares were cheaper on Scapia for the same flight.. 🙂
 
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My cibil is 810 and salary 3+, still my application was not processed due to their internal policies. May be due to multiple queries in my cibil.
Federal will dig credit history of min 10 years back. So if there is any late / missed / defaults in this duration, it will get rejected. Also enquiries, existing relationship will consider.
 
is this comparison after considering card discounts available elsewhere and convenience fee charged ?
I looked at the flat rates on MakeMyTrip, Paytm, Scapia.. did not considered the value of Scapia points as well so discarded the card discount on Paytm and MakeMyTrip.. generally a flight which was 4400 at Paytm and 4800 on MakeMyTrip was 3700 at Scapia..
 
I looked at the flat rates on MakeMyTrip, Paytm, Scapia.. did not considered the value of Scapia points as well so discarded the card discount on Paytm and MakeMyTrip.. generally a flight which was 4400 at Paytm and 4800 on MakeMyTrip was 3700 at Scapia..
ok
still it's pretty good rates at Scapia
if this kind of difference is consistent then Scapia would still be value for money even with considering card discounts elsewhere
 
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