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Fi MagniFi Credit Card
Federal Bank • Visa

Fi MagniFi Credit Card

5% on Weekend Spends

Reviewed by Amodh Shetty
Last Verified: 2/12/2026
Editorial Independence: Our recommendations are driven by mathematical value, not issuer payouts. We may earn a commission if you apply through our links, but this does not affect our scoring or the cards we feature.
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Annual FeeFreeLifetime Free
Base Reward0.5%On all spends
Lounge AccessNoNo lounge access listed
Est. Annual Savings₹1,450Based on ₹4.8L annual spend

No Complimentary Lounge Access

This card currently does not show complimentary airport lounge access in our issuer-aligned dataset.

Fee waiver & value estimator

Adjust your spend to see fee waiver eligibility and capped rewards.

Lifetime free
₹30,000 / mo
₹3,60,000 / year
Estimated rewards₹1,800

Assumes base reward rate only.

Annual feeWaived

Lifetime Free

Net value₹1,800

Estimated savings per year.

Reward cap applied at ₹24,000/yr (not reached).

Reward Rate Breakdown

Category-wise reward rates for this card

Shopping
5.0%
Dining
5.0%
Travel
5.0%
Basedefault
0.5%

Key Takeaways

Verified card-level notes, best use-cases, and watchouts.

Pros & Insights

  • Fi MagniFi is strongest as a weekend-accelerated rewards card, not a uniform all-days cashback card.
  • The headline 5% style proposition is typically tied to specific spend windows and categories, while weekday return is materially lower.
  • Its low-fee/lifetime-free positioning helps break-even, but reward caps must be tracked to preserve actual yield.

Best Utilization

  • Route high-value discretionary transactions into weekend windows where accelerated earn is available.
  • Use a separate weekday primary card once weekend cap or accelerated buckets are exhausted.
  • Track monthly reward cap progression so late-cycle spend does not slip to low base return.

Watchouts

  • Do not annualize weekend return rates across all monthly spend.
  • Program exclusions (fuel, rent, utilities and similar categories) can compress realized value.
  • Promo-led partner discounts can vary by cycle and should be treated as variable upside, not fixed return.

Truth Data Snapshot

Issuer-linked details for offers, redemption, lounges, and reliability status.

Expand

Offer Truth

  • Joining fee₹0
  • Annual fee₹0
  • Waiver thresholdNot listed
  • Cap typemonthly
  • Cap resetmonthly
  • Last verified2026-02-12

Redemption Truth

  • Cash value/pointNot listed
  • Travel value/pointNot listed
  • Transfer partners0
  • Min redemptionNot listed
  • Expiry policyNot listed
  • Last verified2026-02-12

Lounge Truth

  • NetworkVisa
  • Domestic count0
  • International count0
  • Quarterly limitNot listed
  • Airport-terminal rows0
  • Policy check2026-02-10

Reliability + Outcomes

  • Verification statusverified
  • Freshness days1
  • Source conflicts0
  • Applied reports11
  • Approval reports6

Upgrade Path

These are objective same-bank step-up options from the current rewards and lounge model.

Step 1

Scapia Federal Bank Credit Card

Annual fee: Free

Shared focus: Lifetime FreeHigher product tier within same bank+48 more lounge visits in current dataset
View Details

Lounge match needs verification

Lounge access data for this card could not be confidently matched. Please verify lounge eligibility directly with the issuer before relying on access.

Lounge Eligibility Checklist

Derived from card policy signals

Lounge Spend Tracker

Eligibility target met: No

Track lounge eligibility for Fi MagniFi Credit Card using your current period spend.

₹0 spentAdd threshold to start tracking

No spend threshold was detected from current lounge policy text. You can still track manually.

Spend threshold

No spend-based lounge policy is listed in current card data.

Quarter / cycle rule

No quarter or billing-cycle lounge rule is explicitly listed.

Guest access

Guest access policy is not explicitly listed in current data.

Priority Pass

Priority Pass benefit is not listed for this card.

Lounge Locations

No airport-wise rows currently available

Airport-level lounge rows are not currently available for this card. We still show policy checklist details above.

Redemption Optimizer Unavailable

Redemption optimization is unavailable for this card right now; this card is better evaluated via direct cashback and feature value.

Decision Data Enrichment

Reused from validated provider snapshots with freshness gates and quality filters.

Enriched decision data not available

This card does not have publishable enrichment records in the current high-confidence snapshot.

Key Benefits

  • 5% Value on Weekend Spends (Sat-Sun)
  • 20% Instant Discount on Partner Brands (Zomato, Swiggy, etc.)
  • 0.5% Value on Weekday Spends
  • Co-branded with Federal Bank
  • Lifetime Free Credit Card

Things to Consider

  • 3.5% Forex Markup
  • Rewards capped at ₹2000 value per month
  • Exclusions: Fuel, Rent, Utilities

About Fi MagniFi Credit Card

Fi MagniFi Credit Card is a points card from Federal Bank, best for weekend shopping. It is tagged under shopping, lifetime free, lifestyle categories in our database.

ShoppingLifetime FreeLifestyle

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Frequently asked questions

Is Fi MagniFi Credit Card lifetime free?

Fi MagniFi Credit Card is lifetime free with no annual fee.

What rewards does Fi MagniFi Credit Card offer?

5% on Weekend Spends

Does Fi MagniFi Credit Card include lounge access?

No complimentary lounge access is currently listed for this card.

Who should consider Fi MagniFi Credit Card?

Weekend Shopping

Where can I apply for Fi MagniFi Credit Card?

Check the issuer link listed for this card.

Sources & Verification

  • Official Issuer Page:Direct Link
  • Last Verified: 2026-02-12
  • Data Method: Automated scraper + Manual audit

Key Terms

APR (Annual Percentage Rate)

The interest rate charged on unpaid dues if you don't pay your full bill by the due date.

Forex Markup

An additional fee charged for transactions made in foreign currency.

Lounge Access

Complimentary entry to airport lounges, often subject to spend milestones.

Milestone Benefits

Bonus rewards unlocked when you cross specific spending thresholds within a period.