Fi AmpliFi Credit Card Review 2025: Is This The Best No-Fee Card?

Fi AmpliFi Credit Card Review 2025: The Zero-Fee Cashback King?

Are you tired of credit cards with confusing reward points and high annual fees? The world of credit cards can feel complicated, but it doesn't have to be. Fi Money, known for its simple savings account, has stepped into the game with its Fi AmpliFi Credit Card, issued by Federal Bank.

This card promises simple cashback, rewards on your UPI spends, and best of all, zero joining or annual fees. But is it really as good as it sounds?

In this review, we will break down every feature of the Fi AmpliFi card to help you decide if it deserves a spot in your wallet.

Deep Dive: Features and Benefits of the Fi AmpliFi Card

This card is built for simplicity. Let's look at what makes it stand out.

1. The Simple Cashback System (Its Biggest Strength)

Instead of complicated points, the Fi AmpliFi card gives you cashback in the form of "Fi-Coins". The best part? 1 Fi-Coin = ₹1. It’s that simple!

Here’s how you earn cashback:

• 3% Cashback: You get to choose 3 brands from a list of over 30 popular ones like Swiggy, Zomato, Amazon, Flipkart, and Uber. You will earn 3% cashback on all spends with these brands.

• 2% Cashback: You earn a flat 2% cashback on all your UPI spends made through the card. This is a fantastic feature for everyday payments.

• 1% Cashback: You earn 1% cashback on every other purchase you make with the card.

2. Welcome Offer

To welcome you, Fi usually offers a bonus reward. For example, you might get 1,000 bonus Fi-Coins (worth ₹1,000) when you spend ₹50,000 within the first 90 days. (Note: Welcome offers change, so check the latest one when you apply.)

3. Domestic Airport Lounge Access

For travelers, the card offers 1 complimentary visit to a domestic airport lounge every quarter. This means you can enjoy up to 4 free lounge visits in a year, a great perk for a lifetime-free card.

4. Total Control Through the Fi App

Everything about this card is managed through the Fi Money app. You can:

• Track your spending in real-time.

• Instantly block or unblock your card.

• Change your PIN.

• See how many Fi-Coins you've earned.

Feature Highlight Box

How the "Choose Your 3 Brands" Feature Works:

Every three months, the Fi app lets you pick your top 3 favorite brands from a list. Are you ordering a lot from Zomato this season? Make it one of your 3% brands! Planning to shop on Myntra? Select it! This flexibility ensures you always get the most cashback where you spend the most.

How Much Can You Actually Save? (Calculation Example)

Let's see how the rewards add up in a typical month.

Imagine your monthly spending looks like this:

• Swiggy & Amazon (Your 3% Brands): ₹10,000

• UPI Payments (Groceries, Bills): ₹15,000

• Other Spends (Fuel, Movies): ₹5,000

• Total Monthly Spend: ₹30,000

Here’s your cashback calculation:

• From Swiggy & Amazon: 3% of ₹10,000 = 300 Fi-Coins

• From UPI Spends: 2% of ₹15,000 = 300 Fi-Coins

• From Other Spends: 1% of ₹5,000 = 50 Fi-Coins

Total Monthly Cashback = 650 Fi-Coins (worth ₹650)

Total Annual Cashback = ₹7,800 on a lifetime-free card!

Fees, Charges, and Eligibility

Transparency is important. Here are the costs associated with the Fi AmpliFi card

Joining & Annual Fees

This is the best part:

• Joining Fee: ₹0

• Annual Fee: ₹0

  The card is Lifetime Free (LTF), meaning you never have to pay a fee to own it.

Key Charges at a Glance

Foreign Currency Markup

2.5% + GST

Interest Rate

Up to 3.5% per month (42% annually)

Cash Advance Fee

2.5% of amount withdrawn (Min. ₹500)

Late Payment Fee

Varies based on your outstanding balance

Fi AmpliFi vs. The Competition

How does the Fi AmpliFi card stack up against other popular cashback cards? (Internal Link: See our guide to the Best Cashback Credit Cards in India)

Fi AmpliFi Card vs. SBI Cashback Card

Online Cashback

• 3% on 3 selected brands - Fi

• 5% on all online spends - SBI

Offline Cashback

• 1% (or 2% via UPI) - SBI

• 1% - Fi

Lounge Access

• Yes (4 per year) - SBI

• No - Fi

Annual Fee

• ₹0 (Lifetime Free) - SBI

• ₹999 + GST (waived on ₹2 Lakh spend) - Fi

Verdict: The SBI card is better for heavy online shoppers who want flat cashback everywhere. Fi AmpliFi is better for its UPI rewards, lounge access, and zero annual fees.

Pros and Cons: A Quick Summary

👍 Pros

• Absolutely no joining or annual fees.

• Simple cashback system (1 Fi-Coin = ₹1).

• Excellent 2% reward on all UPI spends.

• Complimentary domestic lounge access.

• Full control through a modern, user-friendly app.

👎 Cons

• 3% cashback is limited to only three brands.

• The foreign currency markup of 2.5% is average.

• Lounge access is limited to domestic travel.

• Cashback is not credited directly to the statement.

The Final Verdict: Is the Fi AmpliFi Card Worth It in 2025?

The Fi AmpliFi Credit Card is a fantastic choice for a specific type of user: the modern, digital-first Indian consumer.

If you make a lot of UPI payments and your spending is concentrated on a few major online brands, this card is a clear winner. The simple, no-nonsense cashback structure combined with zero annual fees makes it one of the most rewarding and risk-free cards on the market.

Who should get this card?

• Anyone looking for their first credit card.

• Existing Fi Money users.

• People who use UPI for most of their daily transactions.

• Users who want a simple rewards card without any fees.

Who should skip this card?

• Heavy international travelers who need a low forex markup card. (Internal Link: Check out our review of the IDFC First Wow! Credit Card for zero forex fees.)

• High-spenders who want premium perks like unlimited lounge access or golf benefits.

For what it offers, the Fi AmpliFi card is an incredibly strong contender and a great addition to almost any wallet.

Frequently Asked Questions (FAQ)

Q1: Which bank provides the Fi AmpliFi credit card?

The Fi AmpliFi Credit Card is a co-branded card issued by Federal Bank in partnership with Fi Money.

Q2: Is the Fi AmpliFi Credit Card really free for life?

Yes, as of August 2025, this card comes with zero joining fees and zero annual fees, making it a Lifetime Free (LTF) card.

Q3: How do I redeem my Fi-Coins?

You can redeem your Fi-Coins directly within the Fi Money app for cash credit to your Fi Savings account or for gift vouchers from various brands. The conversion is simple: 1 Fi-Coin equals ₹1.