Credit · Visa8.5/10
Scapia Federal Bank Credit Card
Reviewed by Aayush JainUpdated May 2026
Zero forex markup credit card for Indian travellers — no annual fee, reward points on travel spends.
Visit Scapia (Federal Bank)Forex fee
None
ATM fee
2.5%
Monthly fee
Free (no annual fee)
Network
Visa
Available in
India
ATM detail: 2.5% fee on cash advances. Card is designed for spending, not ATM withdrawals.
Our verdict
Scapia is a standout for Indian travellers: a credit card with zero forex markup and no annual fee is rare in India. The reward points on travel spends add genuine value. The main caveats are TCS applicability above ₹7 lakh and the fact that rewards are redeemable only on Scapia's own travel platform. For pure fee savings on a credit card, it's the best option available in India right now.
Pros
- Zero forex markup — no foreign transaction fee
- No annual fee for life
- Reward points on travel and international spending
- Credit card — not prepaid, no preloading needed
- Federal Bank backed — RBI regulated
Cons
- Credit card — requires credit check and approval
- Cash advances are expensive (2.5%)
- TCS at 20% applies on international credit card spending above ₹7 lakh/year
- Reward redemption limited to Scapia's travel platform
- Relatively newer card — smaller acceptance vs established cards
Best for
Indian travellers wanting zero forex fee on a credit cardFrequent flyers earning travel rewardsThose who prefer credit over prepaid
Frequently asked questions
Cost summary
Card typeCredit
NetworkVisa
Forex feeNone
Free ATMNo free ATM tier
Monthly feeFree (no annual fee)
Available inIndia
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