OneCard is a base-level credit card which st

arted as a result of partnerships by the issuer FPL Technologies Pvt. Ltd a fintech startup and other banks such as the Federal Bank, SBM Bank, IDFC First Bank, South Indian Bank, CSB Bank, and BOB Financial. The card is India’s most sought-after metal credit card and it’s available as both a secure and unsecured credit card depending on the terms met by applicants.

So, in situations where the bank confirms you are ineligible based on your income and credit score, SBM Bank offers you an alternative credit card known as a secure card where you pay a fixed deposit as collateral. The OneCard offers you the opportunity to earn Reward Points on all your transactions. Every purchase made from Rs. 50 gets you 1 Reward point.

In addition, your top two spending categories in a month also get you 5x Reward Points. This means that the OneCard credit card will help you maximize your reward points with amazing benefits every time you use the card for transactions. It also comes with a unique feature called “MyFamily” that allows you to share your credit limit with your family and they all get separate cards and different offers while you control their spending and keep track of their cards.

OneCard Credit Card – Main Highlights

Purpose	Shopping & Rewards
Joining/ Renewal Fee	FREE
Eligibility	Resident or Non-Resident Indian (Employed or Self-Employed) –          Age: 18 Years and Above –          Monthly Net Income: Stable Source of Income –          Good Credit Score for Unsecured OneCard Credit Card (at least 700) –          Fixed Deposit for Secure OneCard Credit Card (no credit score required)
Credit Card Type	Reward Points
Benefits	Comes as a Visa metal credit card Free for a lifetime Zero joining/annual fee 1 Reward Point for every Rs. 50 transactions and 5x Reward Points from the top two expense categories every month. Redeemable Reward Points for cashback 1 Reward Point amounts to Rs. 0.10. 1% mark-up fee on foreign currency transaction amount 2.5% monthly interest rate

OneCard Credit Card – Features and Benefits

The OneCard credit card is an amazing card that comes with many awesome features and offers many benefits for cardholders, especially first-timers. As an entry-level credit card, it gives first-time cardholders the flexibility to enjoy rewards while transacting online and offline using the OneCard credit card for payments and purchases. Some of the features and benefits are listed below:

• The credit card is carved out of metal which gives it a premium look for a base-level card, particularly for young adults who are newly employed and new cardholders.
• OneCard’s instant activation gives you room to use the digital card for transactions while the physical card is delivered within 3-5 business days upon approval of your application.
• The credit card offers you 1 Reward Point for every Rs. 50 spent, and 5-times supercharged Reward Points on your top two expense categories for every month. This is a great way to spend and enjoy rewards.

Joining & Annual Charge

There are no joining or annual card renewal fees or hidden charges applied to the OneCard credit card, it is entirely free for a lifetime to eligible cardholders.

Eligibility

Everyone at least 18 years of age and above is eligible for the OneCard Metal credit card based on the terms and conditions of the issuer FPL Technologies Pvt. Ltd and its partner banks. There are two criteria for eligibility and you need a steady income for both.

If you want the secure OneCard credit card, you can get the card against a fixed deposit as determined by the card issuer no credit score is required while the unsecured OneCard requires you to have a minimum credit score of 700.

Milestone Benefits

Using the OneCard credit card gives you leverage to 5X reward points on your top two spending categories in a month which is a great way to save while spending on shopping both online and offline.

Credit Limit Sharing

The OneCard credit card has one amazing feature that allows cardholders to share credit limits with up to 5 family members using the “MyFamily” feature.

This allows them to all have their custom metal credit card to shop for their favourite things and you can track their spending and also control their limits. This is just awesome for an entry-level credit card.

Required Documents

Before you apply for the OneCard credit card you need to have the following documents ready for your application to be processed by the issuer.

• Proof of Identity (Aadhaar Card, Passport, Driver’s license, PAN card, etc.)
• Proof of income (Salary Payslip or Bank Statement (not more than 3 months), or a recent copy of ITR)
• Residence proof (Ration Card, Electricity bill, Aadhar Card, Passport, Landline telephone bill, etc.)

Additional Features of OneCard Credit Card

• Zero Liability: You are not liable for any illegal or unauthorized transaction on your OneCard credit card after reporting the card missing or stolen to the bank.
• Interest rates: You get 2.5% to 3.5% monthly interest rates or a 30% to 42% annual interest rate depending on the terms.
• Foreign Exchange Rates: There is a 1% charge on every foreign transaction amount you make using the OneCard.
• Cash Withdrawal Fee: A charge of 2.5% is applied on every withdrawn amount or Rs. 300 whichever is higher.
• Fuel Surcharge Waiver: A 1% waiver is applied on every fuel transaction at all fuel stations in India, although there is a promo for a 100% waiver on fuel which is valid till Dec 31 2023.
• OneCard EMI: Enjoy part payments of your shopping using the OneCard into your EMI while also earning rewards points on EMI transactions. You can also manage EMI from the app dashboard.

NOTE: The bank reserves the right to reject or approve your OneCard credit card applications, these are just guidelines to help you with the process smoothly.

Conclusion

OneCard credit card offers cardholders lifetime usage as long as they meet the criteria, this makes it a great card for youngsters who are fresh into employment and want a card to help with their shopping needs. As a free base-level credit card, it offers amazing features like sharing your credit limit with up to five family members and monitoring their spending.

The reward points are also great and decent enough and to top it all it is a metal card. You get to earn 1 reward point on every Rs. 50 spent and also in bits even if you don’t meet the Rs. 50 mark, you get reward points against the whole amount.

Before you decide on getting the this card, if you are eligible for the unsecured card then take a look at other credit cards and how OneCard compares to them such as Flipkart Axis Bank Credit, HDFC Millennia Credit Card, and Amazon Pay ICICI Bank Credit Card.