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

[TechnoFino]

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 ]



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

 

[NikhilG]

Hey folks, probably I got to know about Scapia quite late. I had a travel scheduled to Norway in August 3rd week and I kept running behind RBL guys for world bank Safari but couldn't get that as LTF so ended up using my SBI cashback card in my Norway trip(3.5 percent markup fee).
I got to know about Scapia yesterday via instagram, got onboarded instantly in 20 mins including VKYC and I got a good limit as well
I have few questions though,
No mention anywhere about fuel surcharge, do we have a surcharge?
First month Lounge access is free right? Because you cannot wait for statement to be generated after spending 5k for VIP unlock
Do you guys think they would be able to sustain zero markup fee for a year or more?
Also their 10% and 20% coins just translate to 2 and 4 percent, that too of use in Scapia but its okay for LTF card

Lastly I would like to have your 2 cents on whether I should keep SBI Cashback Card( 2nd year onwards 999+gst with no lounge access as well). Though gives me 5 percent Cashback

 

[Shreyasrp]

Hey folks, probably I got to know about Scapia quite late. I had a travel scheduled to Norway in August 3rd week and I kept running behind RBL guys for world bank Safari but couldn't get that as LTF so ended up using my SBI cashback card in my Norway trip(3.5 percent markup fee).
I got to know about Scapia yesterday via instagram, got onboarded instantly in 20 mins including VKYC and I got a good limit as well
I have few questions though,
No mention anywhere about fuel surcharge, do we have a surcharge?
First month Lounge access is free right? Because you cannot wait for statement to be generated after spending 5k for VIP unlock
Do you guys think they would be able to sustain zero markup fee for a year or more?
Also their 10% and 20% coins just translate to 2 and 4 percent, that too of use in Scapia but its okay for LTF card

Lastly I would like to have your 2 cents on whether I should keep SBI Cashback Card( 2nd year onwards 999+gst with no lounge access as well). Though gives me 5 percent Cashback

Hello, lucky you got a good limit.
The only thing mentioned about fuel is that Scapia Coins will not accrue for fuel surcharge. So I don't think there is any waiver.
First month you will get 2 lounge access (as most of cc and dc). As per TnC 5 days after the statement of 5k you get unlimited access.
No thoughts on other questions.

 

[NikhilG]

Hello, lucky you got a good limit.
The only thing mentioned about fuel is that Scapia Coins will not accrue for fuel surcharge. So I don't think there is any waiver.
First month you will get 2 lounge access (as most of cc and dc). As per TnC 5 days after the statement of 5k you get unlimited access.
No thoughts on other questions.

There was a comment earlier which said that 500 rs fuel at a bunk reflected just 500 in statement. Not sure if there is an update to that.

Also, any idea if there is any debit card which offers zero makup fee on international atm withdrawals as if I use scapia credit card for international atm it would attract lot of cash advance fees

 

[telescope]

There was a comment earlier which said that 500 rs fuel at a bunk reflected just 500 in statement. Not sure if there is an update to that.

Also, any idea if there is any debit card which offers zero makup fee on international atm withdrawals as if I use scapia credit card for international atm it would attract lot of cash advance fees

IndusInd indie debit card (megastar variant) has 0 atm international withdrawal charges and 0 markup. But, some fellow members reported that it doesn't work properly. Somewhere it works, somewhere it doesn't.

You can go for niyo equitas or niyo dcb. No markup but atm charges are there.

 

[BUDHRAJ]

tried to apply for scapia card, don't have any fedral card but have fi account
it is saying i was rejected beacuse fedral has pre approved offer for me.
i don't have any relationship with fedral bank except fi account


what is this :

You don't have an offer for the Scapia Federal Credit card​ As per the bank's internal policy, we are currently extending only one Credit card product per customer. As you are one of the customers who have a pre approved offer from the bank for a credit card, we are unable to offer any other variant of the credit card.​

 

[krishc]

tried to apply for scapia card, don't have any fedral card but have fi account
it is saying i was rejected beacuse fedral has pre approved offer for me.
i don't have any relationship with fedral bank except fi account


what is this :

​ You don't have an offer for the Scapia Federal Credit card​ As per the bank's internal policy, we are currently extending only one Credit card product per customer. As you are one of the customers who have a pre approved offer from the bank for a credit card, we are unable to offer any other variant of the credit card.​

did you get a CIBIL hit for this nonsensical stuff from Federal ?

 

[BUDHRAJ]

did you get a CIBIL hit for this nonsensical stuff from Federal ?

i don't think scapia put credit enquiry, they just do soft cibil check only as far as i know

 

[AritraSaha]

Hey folks, probably I got to know about Scapia quite late. I had a travel scheduled to Norway in August 3rd week and I kept running behind RBL guys for world bank Safari but couldn't get that as LTF so ended up using my SBI cashback card in my Norway trip(3.5 percent markup fee).
I got to know about Scapia yesterday via instagram, got onboarded instantly in 20 mins including VKYC and I got a good limit as well
I have few questions though,
No mention anywhere about fuel surcharge, do we have a surcharge?
First month Lounge access is free right? Because you cannot wait for statement to be generated after spending 5k for VIP unlock
Do you guys think they would be able to sustain zero markup fee for a year or more?
Also their 10% and 20% coins just translate to 2 and 4 percent, that too of use in Scapia but its okay for LTF card

Lastly I would like to have your 2 cents on whether I should keep SBI Cashback Card( 2nd year onwards 999+gst with no lounge access as well). Though gives me 5 percent Cashback

The track-record of fintech company are not good, they have devalue their product after 1-2 years.(fi, Jupiter)

There is 2 lac spent based fee waiver options in sbi cb.. plz check that.. its a vary good cc.

 

[AritraSaha]

IndusInd indie debit card (megastar variant) has 0 atm international withdrawal charges and 0 markup. But, some fellow members reported that it doesn't work properly. Somewhere it works, somewhere it doesn't.

You can go for niyo equitas or niyo dcb. No markup but atm charges are there.

Also indusind have exclusive dc.. same benifit as indie..

Thats works properly i guess..

Indie app is development stages.. not stable yet.

 

[BUDHRAJ]

tried to apply for scapia card, don't have any fedral card but have fi account
it is saying i was rejected beacuse fedral has pre approved offer for me.
i don't have any relationship with fedral bank except fi account


what is this :

​ You don't have an offer for the Scapia Federal Credit card​ As per the bank's internal policy, we are currently extending only one Credit card product per customer. As you are one of the customers who have a pre approved offer from the bank for a credit card, we are unable to offer any other variant of the credit card.​

can anyone tell me what this is ?

 

[AritraSaha]

can anyone tell me what this is ?

This is BS.. the purest form of BS...

You can try them on X aka Twitter.

They might fix the bug..

 

[Pgoel06]

I have federal one card from past 1 year.
Selef employed.
Am I eligible to apply scapia card

 

[telescope]

I have federal one card from past 1 year.
Selef employed.
Am I eligible to apply scapia card

no. not possible

 

[Sajid]

i don't think scapia put credit enquiry, they just do soft cibil check only as far as i know

They do an hard enquiry, And it shows as Personal Loan enquiry from federal bank.

 

[Sajid]

I have federal one card from past 1 year.
Selef employed.
Am I eligible to apply scapia card

no, as per federal current policy you can keep only 1 card.

 

[sceint]

They do an hard enquiry, And it shows as Personal Loan enquiry from federal bank.

They do a hard enquiry, but it is as Credit card and not as loan.

 

[Sajid]

They do a hard enquiry, but it is as Credit card and not as loan.

Might have changed now, but initially this was the enquiry.

 

[gamersgzb]

Might have changed now, but initially this was the enquiry.

I think you can get it corrected.. some members of forum got it corrected to credit card

 

[Sajid]

I think you can get it corrected.. some members of forum got it corrected to credit card

Will try.
But there must be no effect from this enquiry.

 

[Aranya12345]

tried to apply for scapia card, don't have any fedral card but have fi account
it is saying i was rejected beacuse fedral has pre approved offer for me.
i don't have any relationship with fedral bank except fi account


what is this :

​ You don't have an offer for the Scapia Federal Credit card​ As per the bank's internal policy, we are currently extending only one Credit card product per customer. As you are one of the customers who have a pre approved offer from the bank for a credit card, we are unable to offer any other variant of the credit card.​

The same thing happened to me! I tried it 2nd time yesterday (the first time got rejected due to multiple enquiries) but wtf!! What is this new bullshit?! I don't even know what pre-approved card they are talking about!! I checked my fi (my only relation with federal bank is this fi account) but no credit card offer. Never encountered such BS reason!