Frequently Asked Questions

FAQarrow iconCredit Cardsarrow iconSimpliFi Fi-Federal Credit Card
SimpliFi Fi-Federal Credit Card
How do I build my credit score using the SimpliFi Fi-Federal Credit Card?

SimpliFi is a Fixed Deposit-backed Credit Card issued by Federal Bank through the Fi app. People with no or poor credit scores can use this to boost scores and build a healthy credit history.

Here's how you can build a credit score.

Get a credit limit: With SimpliFi, you get 90% of your Fixed Deposit amount. Let's say you open a Fixed Deposit of ₹1,00,000 — you'll get a guaranteed credit limit of ₹90,000.

Use responsibly: Make regular purchases and try keeping your credit utilisation under 30%. If you have a credit limit of ₹1,00,000, try spending not more than ₹30,000 every month.

Make timely repayments: Pay your full Credit Card bill on or before the due date to avoid late fees and a negative impact on your credit score.

Note: Any information provided herein does not constitute legal, tax, accounting, investment or other professional advice. Recipients should consult their professional advisors prior to acting on the information set forth herein. 

Fi partners with the best to secure your money

Federal Bank
VISA
NPCI
PCI
EPIFI WEALTH
ISO 27001:2013
Our partner bank hosts your Savings Account and follows all security standards per applicable regulations.
Your money is always safe with our banking partner - Federal Bank, is covered under the Deposit Insurance and Credit Guarantee Corporation Scheme. This insures your money up to ₹5 lakh.
Fi itself is not a bank and doesn’t hold or claim to have a banking license.
Scan QR to get the Fi app