Imperio is Federal Bank's family focused card, and its 3-2-1 reward structure matches that pitch: healthcare and grocery spends earn the top rate, utility bills earn the middle rate, and everything else earns the base rate. Points are worth Rs 0.25 each at Federal Rewards, so the return is a modest 0.75% at best, but the card costs nothing to hold.
The card has been lifetime free for customers onboarded since April 2023 under a limited period offer that is still running. Extra value comes from small, practical perks: a Rs 400 Amazon Pay voucher to start, INOX buy one get one once a quarter, BigBasket vouchers on Rs 50,000 quarterly spends, and two domestic lounge visits in the next quarter when you spend Rs 40,000 in a quarter.
Annual Fee (+ 18% GST)₹0 (Lifetime Free)
Fee WaiverLifetime free for customers onboarded from 3 April 2023, with no joining or annual fee, so no waiver is needed
Joining PerkAmazon Pay e-voucher worth Rs 400 on Rs 5,000 spends within the first 30 days
Primary Reward3 reward points per Rs 100 on healthcare and grocery spends, 2 points per Rs 100 on utility bill payments and 1 point per Rs 100 on other spends. One point is worth Rs 0.25 at Federal Rewards
Airport Lounge Access2 domestic lounge visits in the next quarter on spending Rs 40,000 or more in a quarter. No international lounge access
Forex Markup3.5% plus GST
RuPay UPINo
Best ForFamilies who want a no fee card that rewards healthcare, grocery and bill payments
What We Like
Lifetime free with no joining or annual fee
Accelerated points on family spends: healthcare, groceries and utility bills
Spend linked domestic lounge visits, rare on a free card
Dynamic APR can drop to 23.88% per annum for Federal Bank account holders
Watch Out
Reward value is modest, 0.25% to 0.75% depending on category
Lounge access needs Rs 40,000 quarterly spends and covers domestic lounges only
The lifetime free status is a limited period offer running since April 2023, so check before applying
MITC & Hidden Charges
Fees as per the Federal Bank Key Fact Statement (September 2026): joining and annual fee NIL for customers onboarded from 3 April 2023, add-on card Rs 100 plus GST (maximum 4). Forex markup is 3.5% for Imperio. Dynamic APR ranges from 23.88% to 45% per annum based on the average monthly balance in the linked savings account. Fuel surcharge waiver is 1% on spends between Rs 400 and Rs 5,000, capped at Rs 150 per month. Interest free period is up to 48 days, and the Imperio cash advance limit is 20% of the card limit.
Yes, for customers onboarded from 3 April 2023 the joining fee and annual fee are both NIL, as per the Federal Bank Key Fact Statement. Only add-on cards cost Rs 100 plus GST each.
How do I get lounge access on Imperio?
Spend Rs 40,000 or more in a quarter to unlock 2 domestic lounge visits in the next quarter. There is no international lounge access on this card.
What interest rate does Imperio charge?
It uses a dynamic APR linked to the average balance in your Federal Bank savings account, ranging from 23.88% per annum for high balances to 45% per annum at the lowest slab.
Alternatives to Consider
Federal Bank Celesta Credit Card
Federal Bank
Lifetime free travel card with 2% forex markup
78/100✓ MITC verified
Annual Fee₹0 LTF
Reward3X points on travel and international spends, 2X on dining, 1X on other spends
Lounge8 Domestic Lounge visits per year (2 per quarter on spending ₹60,000 in previous quarter) plus 2 International Lounge visits per year
The dependable Lifetime Free starter card with non-expiring reward points.
80/100✓ MITC verified
Annual Fee₹0 LTF
Reward10X reward points on dining, travel, international and birthday spends (1.25% return: 10 points per ₹200 at ₹0.25 per point), 3X on other eligible spends
LoungeNo airport lounge access. 4 complimentary railway lounge visits per quarter, on ₹20,000 spends in the previous calendar month