Bengaluru, 15 October, 2025 : Fi,
India’s leading AI-powered money management platform, in partnership with
Federal Bank, today announced the launch of the MagniFi Federal Fi Credit
Card, a first-of-its-kind lifestyle card designed exclusively around the way
young Indians spend, on weekends.
With data showing that Indians make 50% more
transactions on weekends compared to weekdays, MagniFi positions itself as the ultimate
“weekend companion.” It brings together unmatched weekend rewards, instant
brand discounts, and a lifetime-free offering, making it one of the most
compelling lifestyle cards in the market today.
Key Benefits
- 20%
instant discount on Amazon, Zomato, Zepto, and BookMyShow - 5%
back on eligible weekend spends, online & in-store. You can avail
these across categories like dining, shopping, travel, cabs, groceries,
and more. - 0.5%
back on eligible weekday spends, ensuring value every day. - Lifetime
free: zero joining or annual fees.
“Weekends are no longer just days; they’re an emotion.
It’s when young Indians shop more, dine out, travel, and unwind with friends
and family. MagniFi is built entirely around this insight, giving customers
rewards exactly when and where they spend the most, and we are delighted to be
able to offer the same on the Fi money platform” said Sujith Narayanan,
Co-Founder, Fi Money.
Why this Credit Card Stands Out
Unlike most credit cards that offer uniform rewards or
brand-specific benefits, MagniFi is laser-focused on weekends. Customers can
save up to ₹20,000 annually with its blend of discounts and cashback –
outperforming many paid cards.
Built for 25– 40year-old urban professionals with
higher disposable incomes, it focuses on lifestyle optimization rather than
just credit access.
Virat Diwanji, National Head – Consumer Banking,
Federal Bank said, “At Federal Bank, we have
always believed in building products that reflect evolving lifestyles. This
collaboration is to ensure our customers enjoy a smart, rewarding and
seamlessly digital experience. MagniFi Federal Fi Credit Card is a step in our
journey to be the preferred banking partner for young, digital-first India.”
The MagniFi Federal Fi Credit Card is available to
apply online via www.fi.money/credit-cards/magnifi. Customers
can redeem their reward points (Fi-Points) seamlessly for gift cards, flight
bookings, miles conversions, or direct bill payments.
About Fi Money
Fi Money is an integrated financial services platform
that helps users Save, Pay, Track, Invest and Borrow from a single app. Fi
provides a range of products in partnership with regulated entities to provide
new-age financial features for its users. These features range from Saving
Accounts & Instant Loans to US Stock investments. Founded in 2019, the
Bangalore-based fintech company is the brainchild of Sujith Narayanan &
Sumit Gwalani, ex-Googlers who pioneered GPay in India as Tez.
Learn more at: https://fi.money
Disclaimer: MagniFi Federal Fi Credit Card is a
co-branded Credit Card issued by Federal Bank in partnership with Fi Brand
Private Limited.
