Federal Paisabazaar Paisaback Credit Card
Federal Bank · Checked 2026-10-11
Federal Paisabazaar Paisaback Credit Card is a paid card focused on straightforward cashback, groceries and RuPay UPI payments, charging ₹499 annually before GST.
CardIQ editorial view
Our take
Federal Paisabazaar Paisaback Credit Card is a paid card focused on straightforward cashback, groceries and RuPay UPI payments, charging ₹499 annually before GST.
Who it suits
- People who prioritise straightforward cashback.
- People who prioritise groceries.
- People whose normal usage can recover the annual fee through relevant benefits.
Key strengths
- Cash Points on eligible grocery, retail, e-commerce and UPI purchases.
- Renewal fee is waived on ₹1.5 lakh eligible annual spend.
Trade-offs to understand
- Cash Points on eligible grocery, retail, e-commerce and UPI purchases; issuer and partner caps, exclusions and redemption rules apply.
- Renewal fee is waived on ₹1.5 lakh eligible annual spend.
- The ₹499 annual fee plus GST needs to be justified by benefits you will actually use.
CardIQ verdict
It deserves a place on the shortlist when your normal spending makes cash points on eligible grocery, retail, e-commerce and upi purchases valuable enough to clear the fee. Factor in this condition: Cash Points on eligible grocery, retail, e-commerce and UPI purchases; issuer and partner caps, exclusions and redemption rules apply.
Compare before deciding
- SBM Kredit.Pe Credit Card — A lower-fee way to compare similar strengths in RuPay UPI payments and straightforward cashback.
- Utkarsh super.money superCard — A lower-fee way to compare similar strengths in RuPay UPI payments and straightforward cashback.
This CardIQ editorial assessment is maintained separately from issuer facts and commercial links. CardIQ may earn a commission from some applications. Verify current terms before applying.
Benefits, limits and conditions
- Cash Points on eligible grocery, retail, e-commerce and UPI purchases; issuer and partner caps, exclusions and redemption rules apply.
- The regulated issuing bank, not the fintech partner, approves and issues this credit card.
- Renewal fee is waived on ₹1.5 lakh eligible annual spend.