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OneCard Credit Card

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OneCard is a metal credit card that is offered in collaboration with several providers including SBM Bank, South Indian Bank, Federal Bank, BOB Financial, Indian Bank and CSB Bank. It is a lifetime-free credit card that is best-suited for people who are new to credit and want to earn reward points on their purchases. One of the best features of this credit card is that it does not limit extra rewards earnings to certain categories but provides 5X rewards on the top 2 spend categories. Read on to know more about this credit card and find out whether it would be a right fit for you.

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Updated: 22-11-2024 08:03:10 AM

Top OneCard Credit Cards

OneCard is essentially a rewards credit card that lets its users earn reward points on every usage. The card is also relatively easy to get approved for as it comes with relaxed eligibility requirements, which makes it a good option for applicants who are new to credit. However, those who are not eligible for OneCard can start a Fixed Deposit with one of the partner banks and get a OneCard issued against that deposit. Here are the OneCards offered in collaboration with different providers:

SBM Bank OneCard South Indian Bank OneCard BoB Financial OneCard
Federal Bank OneCard Indian Bank OneCard CSB Bank OneCard

The list of partner brands that offer OneCard is subject to change from time to time.

Features of OneCard Credit Cards
OneCard Credit Cards: Fees and Charges
OneCard Credit Cards: Eligibility Criteria
FAQs

Features of OneCard Credit Cards

All the co-branded One Credit Cards have similar features and benefits, some of which are:

  • Metal card with digital onboarding process
  • Zero joining, annual and rewards redemption fees
  • 1% forex mark-up fee
  • 1 Reward Point on every Rs. 50 spent
  • 5X Reward Points on the top 2 spend categories every month
  • 1% fuel surcharge waiver of up to Rs. 400 per month

Suggested Read: Best Lifetime Free Credit Cards

OneCard Credit Cards: Fees and Charges

Fee Type Amount
Joining/Annual Fee Nil
Finance Charges 3.75% p.m. (45% p.a.)
Late Payment Charges On outstanding amount of –
Up to Rs. 250: Nil
Rs. 251 to Rs. 1,000: Rs. 250
Rs. 1,001 to Rs. 5,000: Rs. 500
Rs. 5,001 to Rs. 25,000: Rs. 1,000
Rs. 25,001 and above: Rs. 1,250

Note: Certain charges may vary from card to card. Please refer to the terms and conditions for the respective card variants separately.

OneCard Credit Cards: Eligibility Criteria

OneCard credit cards come with relaxed eligibility so any individual who is new to credit can also apply for this card. However, the eligibility may vary as per the partner bank. Below-mentioned are some of the common eligibility criteria:

Age: The applicant should be a minimum of 18 years of age to apply for OneCard.

Occupation: Both salaried and self-employed can apply for any of the credit cards offered by OneCard.

Click here to check pre-qualified credit card offers available for you.

FAQs

Q. What is the use of OneCard Credit Card?
A. OneCard is a metallic credit card that is offered in collaboration with several banks including SBM Bank, South Indian Bank, Federal Bank, BOB Financial and others. This is an entry-level credit card that provides basic benefits to its users such as reward points, EMI conversion and more.

Q. How can I apply for One Credit Card?
A. You can apply for One Card online by visiting the official website of OneCard. Applicants can also download its mobile app and apply through it.

Q. Is there any rewards redemption fee for OneCard Credit Card?
A. No, OneCard does not charge any reward redemption fee from its users. You can earn reward points and redeem them without any charges.

Q. What is the maximum credit limit offered on OneCard Credit Card?
A. The maximum credit limit offered by the bank differs from applicant to applicant. The bank decides the maximum credit limit based on your income, eligibility, credit profile and other factors. So, the applicant will get to know about the credit limit only after getting approved for the credit card.

Q. Which documents are required to apply for OneCard Credit Card?
A. At the time of application, the applicant has to submit valid identity proof, address proof and income proof (if any). These are the basic documents that an applicant has to submit while applying for any of the OneCard credit cards. However, the partner bank can also ask for any other document, if required.

Q. I don’t have a job. Can I apply for OneCard Credit Card?
A. Yes, people without any job can also apply for OneCard. In such a case, you can apply for a secured OneCard that is offered in collaboration with SBM Bank. A secured credit card is offered against a fixed deposit, and its credit limit is a little bit lesser than the fixed deposit amount.

Q. Can I withdraw money using my OneCard Credit Card?
A. Yes, OneCard offers the facility of withdrawing money to its users. You can withdraw money from any ATM within or outside the country. However, the OneCard will charge a cash advance fee of 2.5% of the withdrawn amount. Moreover, high interest charges also apply on the withdrawn amount from the date of withdrawal. Therefore, it is advisable not to withdraw cash using your credit card.

Q. What is the forex markup fee for OneCard Credit Card?
A. OneCard comes with a lower forex markup fee as compared to the other credit cards available in the market. The forex markup fee charged by OneCard is just 1%, which makes it easier for you to make transactions in foreign currency.

Q. Can I build my credit score using OneCard Credit Card?
A. Yes, OneCard Credit Card is suitable for people who are new to credit. You can apply for this credit card and start building your credit score by using it efficiently. In order to build your credit score, make sure you make your payments timely and in full.

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