Within the post loop you can do,
$category = get_the_category();
if($category[0]->cat_name == "featured") {
//if first category in array is "featured", get next category in line
$name = $category[1]->cat_name;
$cat_id = get_cat_ID( $name );
$link = get_category_link( $cat_id );
echo '<a href="'. esc_url( $link ) .'"">'. $name .'</a>';
} else {
//get the first category
$name = $category[0]->cat_name;
$cat_id = get_cat_ID( $name );
$link = get_category_link( $cat_id );
echo '<a href="'. esc_url( $link ) .'"">'. $name .'</a>';
}
If you are outside the loop you can pass a post ID to get_the_category($id);
Note: Its crude… you could simplify this logic.
Edit: Here is a link to an answer that provides a more refined approach using the array_pop
which you could adapt to your situation: