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Scapia Federal Bank Credit Card: The Only Credit Card You Need for Travel

 


Scapia Federal Bank Credit Card

FinTech Elevate Rating: 4.5/5

  • If you are a frequent traveller and looking for a card which might fullfill your primary needs - Scapia Federal Bank Credit Card is a great option offering benefits like zero foreign transaction fees and unlimited domestic lounge access*. It is benefitial for both domestic and international travellers due the kind of benefits its providing.

  • Let's take a quick look at the card:

Scapia Federal Bank Credit Card: The Only Credit Card You Need for Travel

  • Now let's get into the detailed analysis of features provided by this card:
    • [A] Zero Forex Charges: On This card offers zero forex charges for spend in foreign currencies such as dollars. So whenever you are travelling outside, this card comes handy by saving you the usual 2% Forex charges and could be as high as 3.5%. for some.
    • [B] Unlimited Domestic Lounge Access: On spending of ₹10,000 or more per month, you can unlock unlimited lounge access on this card. Best part is the coverage of lounges is reasonably good.
    • [C] 2% Scapia Coins on All Spends: Scapia reward system is attached to its travel mobile application. Whenever you spend domestically, you get 2% scapia points. These points can be redeeamed against any booking your might want to do using Scapia platform
    • [D] 20% Bonus Scapia Coins on Travel Bookings: Scapia awards 20% scapia points for travel bookings made using its Scapia applications. 
    • Redemption of Scapia Coins: One of the cons of Scapia points is that these can be only used on scapia application - you can check out scapia application for the features available on application. 
    • [E] Capping & exclusions on this card:
    • No complementary international lounge access
    • International transactions (FX) do not earn any points.
    • No rewards on govt or business expenses
    • For other exclusions - visit scapia website/application.

  • Fees and Charges
    • Joining Fee: ₹0 (Lifetime free)
    • Annual Fee: ₹0 (Lifetime free)
    • No Welcome benefits 

  • Let us analyze possible savings using this card?
    • [D] ₹20,000 per quarter on travel (flights and hotels booked through Scapia app) = 20% Scapia Coins = ₹2,000
    • [C] ₹5,000 per month on other expenses = 2% Scapia Coins = ₹100
    • [B] You utilize domestic lounge access twice a quarter = Savings of approximately ₹16,000 per year (assuming ₹2,000 per visit)
    • [A] Per annum expense of  ₹200000 on foreign transactions. saving of 2%*200000 = 4000
    • Total Potential Savings:
      • Scapia Coins/other savings in Rs (per annum): ₹8,000 (travel) + ₹1200 (other) + 16000 (domestic lounges) + 2000 (forex) = 27200
      • Total Expense = 80000+60000+200000 = 3.4 Lakhs
      • Total Savings Percentage (assuming total annual spending of ₹1,80,000): 27.2k/3.4 lakh = annual 8% savings !! 

  • If this card meets your requirements - go ahead and apply for it at Link
  • For latest details do check out HDFC credit card website at - Link

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