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Updated Oct 2026·By Arun, Chartered Accountant·1 min read·Cross-checked vs issuer MITC & RBI·How we research
Discontinued
Verified October 2026 against the issuer’s current product page, terms and notices: The Federal Fi credit cards (MagniFi, SimpliFi and the earlier AmpliFi), issued by Federal Bank with Fi, are discontinued. Federal Bank ended the programme on 20 March 2026: reward accrual and Fi Coins redemption stopped that day, and new applications are closed. Cardholders were asked to redeem points, clear dues and move recurring payments before the cutoff. Queries go to federalficards@federal.bank.in.
Federal Bank Fi Credit Cards (Discontinued): What Happened
Federal Bank · Fi co-brand (MagniFi, SimpliFi, AmpliFi) · Programme ended
Discontinued 20 Mar 2026
Rewards and Fi Coins stopped
No new applications
Last reviewed: October 2026, against Federal Bank’s MagniFi and SimpliFi MITCs and its co-branded cards page.
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Current status
Federal Bank’s MagniFi and SimpliFi MITCs say the Federal Fi Credit Card programme was discontinued with effect from 20 March 2026: all reward accruals stopped and the Fi Coins redemption option ended the same day. Federal Bank’s co-branded cards page lists the Fi cards (AmpliFi, SimpliFi, MagniFi) as discontinued.
What the cards were
| Item | Terms |
|---|---|
| MagniFi | No joining or annual fee; Fi-Points on weekday and weekend spends; forex 3.5% + GST; interest 3.75% a month |
| SimpliFi | Lifetime free; secured by a Federal Bank fixed deposit from ₹15,000; limit 90% of the FD |
| Queries | federalficards@federal.bank.in |
Alternatives
Federal Bank’s current co-branded cards include OneCard and Scapia. You can also compare cards with our card finder.
FAQ
Can I still apply for a Fi credit card?
No. Federal Bank discontinued the Fi credit card programme on 20 March 2026.
What happened to my Fi Coins?
Reward accrual and Fi Coins redemption stopped on 20 March 2026.
Who do I contact about my old Fi card?
Federal Bank at federalficards@federal.bank.in.
This card is no longer issued
This review stays up for existing cardholders. For a card you can apply for today, see our card reviews.