On a ₹2,000 fuel bill: 400 RP → ₹100 value.
If fuel and bills are on your list anyway, short-list it.
Rewards & exclusions
- Fuel
- 40 RP/₹200 (5% value)
- Utilities & dining
- 16 RP/₹200 (2% value)
- Other eligible spends
- 4 RP/₹200 (0.5% value)
- RP value
- ₹0.25 regular; ₹0.10 cash
- Redemption fee
- Waived for ValueMax
- No RPs on
- cash, wallet, govt, insurance, rent
In full
Looking for a rewards card for fuel and bills? The ValueMax Credit Card is set to launch
What it pays: - Fuel: 40 RP/₹200, a 5% value when 1 RP = ₹0.25. - Utilities & dining: 16 RP/₹200 (2%). - Other eligible spends: 4 RP/₹200 (0.5%). - No RPs on cash transactions, e‑wallet loading, government transactions, insurance or rent. - Redemption fee waived on the ValueMax variant.
Fees & terms: - Joining fee ₹499; annual fee ₹499; annual fee waived at ₹1,50,000 yearly spend. - Interest‑free period up to 48 days. - Forex markup 3.5%. - Rent & wallet load fee 1%. - Minimum Amount Due: 2% of outstanding or ₹200, whichever is higher. - Cash advance limit: 25%.
Status: Federal Bank has not officially announced the card yet; final features, fees, rewards and eligibility will be confirmed at launch. It may be offered as a replacement to select Standard Chartered credit cardholders being migrated to Federal Bank.
Verdict: - Worth a look if a lot of your spend is fuel, utilities and dining. - Skip it if you want travel perks or lower forex costs.
If it fits your wallet, short‑list it. The next launch window could be the one that boosts what you already spend.