Federal Bank announced discontinuation of all Fi-Federal Co Branded Credit Cards w.e.f. 20th March.
Important update for Fi credit card users. Reports indicate that Fi’s co-branded credit cards issued in partnership with Federal Bank — including Fi SimpliFi, Fi MagniFi, and Fi AmpliFi — are expected to be discontinued due to the end of the partnership.
Customers have reportedly started receiving email notifications regarding the closure of the co-branded credit card program.
Immediate Action Checklist for Cardholders
- ✔ Clear all outstanding dues before the discontinuation deadline
- ✔ Redeem all unused reward points (they may be forfeited after closure)
- ✔ Update recurring payments (subscriptions, EMIs, OTT, utilities, etc.)
- ✔ Follow official closure or migration instructions
Will There Be an Alternative Card?
Federal Bank may provide alternate card offerings such as Signet, Imperio, or other core variants depending on eligibility. Additionally, migration options through other partner banks may be offered, but automatic migration is not guaranteed.
Users should monitor official email and in-app notifications for confirmed details.
Key Takeaway
Co-branded credit cards depend on partnerships between fintech companies and banks. When partnerships end, card programs may be discontinued. Plan ahead, secure your rewards, and transition your spending strategy before the deadline.
Disclaimer: Always verify details through official Fi and Federal Bank communications before taking action.
