Scapia Credit Card Interest Rate: A Guide

Looking for a credit card that rewards your travel bookings without drowning you in interest rates? The Scapia Federal credit card could be just what you are looking for. 

This travel credit card is offered by Scapia Technologies Pvt. Ltd., a fintech company, in collaboration with Federal Bank. At just 3.75% Scapia credit card interest rate, you can get benefits like free airport lounge access, zero joining and annual charges and easy redemption. 

Want to know more about this credit card option? So, continue reading this blog for more information!

Interest Rate Associated with the Scapia Federal Credit Card

Whether you are booking hotels or flights, the Scapia Federal Bank Credit Card is a true blessing for frequent travellers. Here are the different Scapia credit card interest rates and charges:

Charges	Rates and Details
Annual Membership Fees	Nil (0%)
Joining Fees	Nil (0%)
Grace Period (Interest Free)	Up to 48 days
Interest Rate for Withdrawals/ Cash Advances	45% p.a. (3.75% per month) from the withdrawal date
Interest Rate for Revolving Credit	45% p.a. (3.75% per month) from the transaction date
Interest Rate for Post-Purchase EMI Transactions	16% p.a.
Interest Rate for In-Store EMI Transactions (at the time of purchase)	Online Platforms:-PayU15.99% p.a. Offline Stores:-Pinelabs16% p.a.
Annual/ Joining Fee for Add-on Card	NA
Card Replacement/ Reissuance Fees	₹200/- + GST
ATM Withdrawal Fees/ Cash Advance Fees	2.5% of the amount withdrawn or ₹500/- whichever is higher
Cash Advance Limit	Up to 10% of the total card limit
Minimum Amount Due	5% of purchases (POS, E-com) + cashwithdrawals (100% of EMIs due, charges, interest and fees or a minimum of ₹200).
Overlimit Charges	2.5% of the overlimit amount (minimum ₹500/-)
Service Charges Applicable to Transactions	Nil (0%)
Foreign Currency Mark-up	Nil (0%)

Notes:

1. There is no interest-free period for cash.
2. The interest rate for post-purchase EMI transactions and In-Store EMI transactions is applicable for 3, 6, 9, 12, 15, 18, 21 and 24 months tenure. Also, the tenure might vary based on the amount.
3. The card add-on facility is currently unavailable for the Scapia Federal credit card. 
4. The auto debit feature is yet to be introduced for this card. 

Other Charges Applicable for Scapia Federal Credit Card Holders

Apart from the regular Scapia credit card interest rates and charges, there are certain other applicable charges for different types of transactions. Let us take a look:

Utility Transaction

If you spend more than ₹50,000 in a month, then a convenience fee of 1% + GST is applicable. The maximum amount is ₹3,000 per transaction. 

• Fuel Transaction Surcharge

For transactions of ₹5,000 and below, a surcharge waiver of 1% will be applicable. However, the maximum wavering amount per month is ₹500. 

• Failure of Auto Debit

You need to pay 2% of the payment amount, subject to a minimum of ₹450, in case a scheduled automatic debit fails. 

• Wallet and Rent Load

A convenience fee of 1% + GST is applicable for spending on rent. The maximum amount is ₹3,000 per transaction. 

• Late Payment Charges

The table below shows the late payment charges:

Statement Balance	Amount in (₹)
More than ₹50,000	1,000
₹25,001 to ₹50,000	950
₹10,001 to ₹25,000	750
₹5,001 to ₹10,000	600
₹501 to ₹5,000	500
₹100 – ₹500	100
Less than ₹100	0

💡For your bill payments and tracking business transactions, use the PICE App.

Benefits for Scapia Federal Credit Card Holders

If you are rethinking about getting this card because of the Scapia credit card interest rates, consider the following benefits it offers:

1. Airport Privileges

You can get unlimited domestic lounge access, with complimentary spa, shopping or dining. However, you have to spend ₹15,000 on your RuPay card or ₹10,000 on your Mastercard or Visa card. 

2. Zero Forex Markup Fees

No forex markup fees are applicable for international transactions with this card. In other words, no foreign exchange charges are applicable if you use this card for your international holiday expenses. 

3. No Cost EMI

There are no extra charges applicable for flight and hotel bookings through the Scapia app. However, this benefit is valid only for the first 3 months after getting the card. After this, you will begin earning Scapia coin rewards as per the applicable slabs. 

Rewards Received by the Scapia Federal Bank Credit Card Holders

The Scapia credit card is designed for modern and frequent travellers who prefer to get additional rewards for using the card. Here are the different reward schemes offered for this credit card:

• A 2% base reward is awarded for all types of transactions.
• 10% of Scapia coins are offered for all online and offline transactions above the base reward. 
• 20% of Scapia coins are offered for all travel bookings, like hotels, flights, cars, etc., through the app above the base reward. 

Notes:

1. Spending more than ₹20,000 per month on cable, telecom or utility will not earn any reward points.
2. No rewards are awarded for spending on EMI transactions, business services, government services, education, wallet reloads, gift cards, forex, crypto, rent or fuel. 
3. 5 Scapia Coins = ₹1
4. Scapia coins are reusable for travel bookings. 
5. These coins are valid for 36 months. 

Steps to Apply for the Scapia Federal Credit Card

You can follow simple steps to apply for this credit card after becoming satisfied with the Scapia credit card interest rates. These steps are:

Step 1: Download the Scapia App

You can easily download the Scapia app on both iOS and Android. 

Step 2: Carry Out the Digital Onboarding

After downloading the app, you need to verify your mail ID and mobile number. Then, enter your basic details, including your name, gender, PAN number and income.

Step 3: Submit KYC Details

Submit all the necessary documents to complete the digital KYC process. Since the process is digital, it is less consuming and gets completed almost instantly. 

Step 4: Receive Card Approval

Once the digital KYC is verified and completed, you will receive instant approval, along with a virtual card sent directly to you through the app. 

Step 5: Receive the Credit Card

You will receive your physical Scapia credit card within 2 to 5 business days.

Important Updates about the Scapia Federal Credit Card

While you need to know about the recent Scapia credit card interest rates, here are certain other important updates about this card:

1. Goods and Services Tax

The following GST regulations apply to all Scapia Federal credit cards:

• GST will apply to all fees, interest and other charges as per recent notifications of the Indian Government. 
• All GST rates will be applicable on the place of supply and supplier, which is Federal Bank in this case. 
• If the place of supply is in Kerala, then CGST and SGST (intra-state) will be applicable. Otherwise, IGST will be applicable (inter-state). However, if the customer's mailing address is not available, intra-state GST rates will be applicable.
• The cardholder is responsible for providing timely and correct information. This will enable them to get the benefits of input tax credit.

Note: All GST collected is irreversible on charges, interest and fees or on any other concession. 

2. Withdrawal Limits

The cash withdrawal limit with the Federal Scapia credit card is 10% of the credit amount. Subsequently, the available credit limit is as per the approval during onboarding. 

3. Credit Card Network

From March 2025, the Federal Bank Scapia credit card is available on the RuPay network. It will be internationally acceptable and cardholders will be able to earn up to 5% reward points on amounts spent over ₹500 through UPI.

4. Compliance

As of February 2025, the Reserve Bank of India (RBI) has lifted the ban imposed on Scapia credit cards. 

Conclusion

The Scapia Federal credit card is an ideal option for modern and frequent travellers who are looking for better rewards on all their travel bookings.

This credit card helps you bring savings and luxury together. You can enjoy free access to domestic airport lounges, zero-cost bookings, no forex markups and flexible reward points with every transaction. Hence, at a Scapia credit card interest rate of 3.75%, ensure your travel dreams come affordably!

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