The OneCard Credit Card, launched in 2019 by FPL Technologies, is a lifetime-free metal credit card issued in partnership with seven Indian financial institutions as of 2026. These partners include BOBCARD, CSB Bank, Federal Bank, IDFC FIRST Bank, SBM Bank India, South Indian Bank, and Indian Bank. IT offers a 1% forex markup fee and a seamless digital application process, making IT suitable for new credit users.
OneCard provides a reward rate of 1 point for every ₹50 spent, with a 5x multiplier on the top two spending categories each month. The card also features a fuel surcharge waiver of up to ₹400 monthly. Its mobile app, rated 4.6 stars on Google Play and 4.7 out of 5 on the Apple App Store as of March 26, 2026, allows users to manage all card features digitally.
For individuals without a strong credit history, OneCard offers a secured variant, the SBM Bank OneCard Lite Credit Card, backed by a Fixed Deposit (FD). This secured card provides a credit limit of up to 110% of the FD amount, capped at ₹1.10 lakh, offering an accessible entry into the credit ecosystem.
Key Features & Benefits of OneCard
OneCard is a lifetime-free metal credit card, launched in 2019 by FPL Technologies, offering zero joining and annual fees. IT provides 5X reward points on top two spending categories, along with a low 1% forex charge on international transactions.
| Feature | Details |
|---|---|
| Card Type | Metal Credit Card (Lifetime Free) |
| Issuing Partners | Issued in partnership with RBI-approved banks/financial institutions including BOBCARD (Bank of Baroda), CSB Bank, Federal Bank, IDFC FIRST Bank, SBM Bank India, South Indian Bank, and Indian Bank. |
| Joining & Annual Fees | Zero joining fees, zero annual charges (Lifetime Free) |
| Reward Points Earning | 1 point on every ₹50 spent across categories; 5X reward points on top two spending categories (if used in at least three different categories). |
| Reward Point Value | 10 paise per point (₹0.1 per point); ₹50 for 500 reward points. |
| Reward Redemption | Redeem points against transactions from the last 2 months via the OneCard app; no minimum redemption amount, annual CAP, or redemption fee. |
| Forex Charges | 1% forex charge on international transactions (Visa exchange rate applies), among the lowest in India. |
| Fuel Surcharge Waiver | Waived up to ₹400 monthly at any gas station across India. |
| Mobile App Control | Full digital control over card features (transaction limits, domestic/international use, online/offline use, contactless payments, statements, reward points, fixed deposits) via the OneCard app. |
| App Ratings (as of March 26, 2026) | 4.6 stars on Google Play Store; 4.7 out of 5 on Apple App Store. |
| Virtual Card Access | Instant virtual credit card access upon approval. |
| Physical Card Delivery | Physical metal card delivered in 3-5 working days. |
| Secured Card Option | Available as a secured variant backed by a Fixed Deposit (FD) for new-to-credit users. |
| Secured Card Credit Limit | Up to 110% of the FD amount (Max. ₹1.10 Lakh for SBM Bank OneCard Lite). |
| Interest-Free Period | Up to 48 days on purchases. |
| Accidental Insurance Coverage | Up to ₹2 lakh. |
| Availability | Available in over 67 different locations in India for the metal card variant, and over 100 locations for the FD-backed variant. |
The OneCard offers a strong digital experience and competitive reward structure, making IT a strong choice for users seeking a feature-rich, lifetime-free credit card in India.
OneCard Fees, Charges & Interest Rates
The OneCard credit card is known for its transparent fee structure, featuring zero joining and annual charges as of 2026. However, users should be aware of the 1% foreign currency markup fee and a high interest rate of 3.75% per month on unpaid dues.
| Charge Type | Amount/Rate (₹) | Details |
|---|---|---|
| Joining Fee | Zero | No fee is charged for card issuance. |
| Annual Fee | Zero | No recurring annual charges apply to the card. |
| Interest Rate on Unpaid Dues | 3.75% p.m. (45% p.a.) | Charged daily on the entire outstanding balance if full payment is not made by the due date. Applies to pending balance and new purchases after due date. |
| Interest-Free Period | Up to 48 days | Period for which no interest is charged on purchases if the previous month’s bill is paid in full. |
| Foreign Currency Markup Fee | 1% | Plus 18% GST, making the effective cost approximately 1.18%. Applied to international transactions. |
| Cash Advance Fee | 2.5% | Of the withdrawn amount. High interest charges also apply from the date of withdrawal. |
| Over Limit Charges | 2.5% (min ₹500) | Of the amount exceeding your credit limit. |
| EMI Processing Fee | 1% (min ₹99) | Fee for converting transactions into EMIs. |
| EMI Foreclosure Fee | 3% (min ₹99) | Fee for closing an EMI before its scheduled term. |
| Fuel Surcharge Waiver | Up to ₹400 monthly | Waived at any petrol pump across India for transactions between ₹400 and ₹5,000. |
| Reward Redemption Fee | Zero | No fee for redeeming accumulated reward points. |
| Reissuance of Metal Card | ₹5,000 | Fee for replacing a lost or damaged metal OneCard. |
| Reissuance of Plastic Card | ₹150 | Fee for replacing a lost or damaged plastic OneCard (if applicable). |
| BBPS Bill Payment Convenience Fee | Zero | As of April 2026, this fee has been removed for bill payments made via BBPS. |
While OneCard offers significant savings with no annual or joining fees, users should carefully manage foreign transactions and avoid carrying balances to prevent high interest charges.
OneCard Eligibility & Required Documents
OneCard requires applicants to be Indian citizens between 18 and 60 years old, residing in a supported service area. A CIBIL score of 750 or higher significantly improves approval chances for the unsecured variant.
The application process is entirely digital, taking approximately five minutes to complete via the OneCard app or official website. Approval is often instant, with a virtual card available immediately.
- Age Criteria: Applicants must be at least 18 years old and not exceed 60 years of age as of the application date.
- Nationality & Residency: Only Indian citizens residing in India are eligible to apply for the OneCard credit card.
- Supported Locations: OneCard is available in over 67 different cities and locations across India; confirm service availability in your area during application.
- Credit Score: For an unsecured OneCard, a CIBIL score of 750 or above is generally advised to maximize approval prospects.
- Secured Card Option: Individuals with limited or no credit history can opt for a secured OneCard by opening a Fixed Deposit (FD) with a partner bank.
- Secured Card Limit: The credit limit for a secured OneCard can be up to 110% of the FD amount, with a maximum of ₹1.10 lakh for the SBM Bank OneCard Lite.
- Application Speed: The digital application takes less than 5 minutes to complete, with virtual card access granted instantly upon approval.
- Required Documents: documents include address proof, age proof, and income proof (if applicable for the unsecured variant).
The physical OneCard is typically delivered within 2 to 3 business days after digital approval, allowing immediate use of the virtual card.
How to Apply for OneCard Credit Card
Applying for the OneCard Credit Card is a fully digital process, typically taking less than five minutes through the OneCard app or official website. As of March 2026, applicants must be Indian citizens aged 18 to 60 years, residing in one of the 67+ supported locations across India.
A CIBIL score of 750 or higher significantly improves approval chances for the unsecured OneCard. For those with limited credit history, a secured variant backed by a Fixed Deposit (FD) is available.
- Download the OneCard App: Begin by downloading the official OneCard app from either the Google Play Store (rated 4.6 stars as of March 2026) or the Apple App Store (rated 4.7 out of 5 as of March 2026).
- Start Application: Open the app and initiate the application process by providing your mobile number and verifying IT with an OTP.
- Enter Personal Details: Fill in personal information, including your name, date of birth, PAN card number, and address details.
- Check Eligibility: The app will conduct an instant eligibility check based on your provided details and CIBIL score. For unsecured cards, a score of 750+ is generally preferred.
- Choose Card Type: If eligible for an unsecured card, you will proceed. If not, the app may offer the OneCard Lite, a secured variant backed by a Fixed Deposit (FD).
- Set FD Amount (for Secured Card): For the OneCard Lite, you will need to set up a Fixed Deposit, with the credit limit typically up to 110% of the FD amount (e.g., Max. ₹1.10 Lakh for SBM Bank OneCard Lite).
- Complete KYC: Perform a quick digital Know Your Customer (KYC) process, which may involve Aadhaar-based verification or video KYC.
- Instant Virtual Card: Upon successful approval, a virtual OneCard is instantly generated and accessible within the app for immediate use.
- Physical Card Delivery: The physical metal OneCard is dispatched and usually delivered to your registered address within 2 to 3 business days.
The OneCard is issued in partnership with six financial institutions, including SBM Bank, Federal Bank, and Bank of Baroda, ensuring a streamlined application and issuance process.
OneCard Vs. Other Metal Credit Cards
OneCard stands out as a metal credit card with zero joining and annual fees, offering a 1% forex markup, which is competitive among Indian credit cards. Unlike BNPL cards like Slice and Uni Card, OneCard functions as a full-fledged credit card issued in partnership with six major financial institutions as of 2026 (Source: Forbes).
| Parameter | OneCard | Slice (now SFB) | Uni Card (BNPL) |
|---|---|---|---|
| Card Type | Metal Credit Card | Digital-first credit card (now SFB) | BNPL (Buy Now Pay Later) card |
| Issuing Partners (as of 2026) | BOBCARD, CSB Bank, Federal Bank, IDFC FIRST Bank, SBM Bank India, South Indian Bank, Indian Bank | Slice (operating as a small finance bank) | FPL Technologies (with banking partners) |
| Joining Fees | Zero | Generally low/no fees | Generally low/no fees |
| Annual Fees | Zero | Generally low/no fees | Generally low/no fees |
| Forex Markup | 1% (effective 1.18% with 18% GST) | Not explicitly mentioned | Not explicitly mentioned |
| Reward Rate (Regular) | 1 point per ₹50 spent (0.2% value) | 1% reward rate on regular spend | Not explicitly mentioned |
| Accelerated Rewards | 5x rewards on top 2 spend categories | Not explicitly mentioned | Not explicitly mentioned |
| Reward Redemption Fee | Zero | Not explicitly mentioned | Not explicitly mentioned |
| Target Audience | New to credit, users seeking fintech UX, FD-backed option available | First-time credit users, users seeking fintech UX | New-to-credit, seeking flexible payment options |
| Secured Card Option | Yes, backed by Fixed Deposit (up to 110% of FD amount, Max. ₹1.10 Lakh) | Not explicitly mentioned | Not explicitly mentioned |
| App Rating (Google Play, 2026) | 4.6 stars | Not explicitly mentioned | Not explicitly mentioned |
| App Rating (Apple App Store, 2026) | 4.7 out of 5 | Not explicitly mentioned | Not explicitly mentioned |
OneCard’s transparent fee structure and metal card aesthetic appeal to users seeking a premium experience without high costs, while its FD-backed variant serves those building their credit history.
Pros and Cons of OneCard Credit Card
The OneCard Credit Card offers a lifetime-free metal card experience with zero joining or annual fees, making IT attractive for new credit users. Its digital application process takes less than five minutes, providing instant virtual card access. However, the standard reward rate is relatively low, and IT lacks premium benefits like lounge access.
- Zero Fees: OneCard has no joining fees, annual charges, or reward redemption fees, reducing the overall cost of ownership.
- Low Forex Markup: The card features a 1% foreign currency markup fee, which is among the lowest in the Indian market as of March 2026.
- Digital Experience: The OneCard app, rated 4.6 stars on Google Play and 4.7 out of 5 on the Apple App Store (as of March 2026), offers full control over card features and transactions.
- Secured Card Option: For individuals with limited or no credit history, the SBM Bank OneCard Lite offers a secured variant backed by a Fixed Deposit, with a credit limit up to 110% of the FD amount (Max. ₹1.10 Lakh).
- Metal Card Design: The physical metal card provides a premium feel, distinguishing IT from standard plastic credit cards.
- Limited Premium Benefits: OneCard does not offer standard benefits like airport lounge access or extensive travel insurance, which are common with premium credit cards.
- Standard Reward Rate: The base reward rate is 1 point for every ₹50 spent, equivalent to a 0.2% return, which is lower than some other cards.
- Reissuance Charges: Replacing a lost or damaged metal card costs ₹5,000, while a plastic card reissuance is ₹150.
Evaluating these factors helps determine if OneCard aligns with your spending habits and financial goals.
OneCard App Review & User Experience
The OneCard mobile application offers full control over your credit card, from transactions to reward points. As of March 26, 2026, the app holds a 4.6-star rating on Google Play and a 4.7 out of 5 rating on the Apple App Store, reflecting strong user satisfaction.
Users can manage all card features directly through the app, including setting transaction limits, enabling domestic or international use, and controlling online or offline payments. The digital onboarding process for OneCard takes less than five minutes, with instant virtual card access upon approval.
The OneCard app also helps seamless repayment using UPI, debit cards, or online banking. Physical metal cards are typically delivered within 2 to 3 business days after approval. The app’s clean interface allows for easy redemption of reward points against past transactions, with no minimum redemption amount or fees.
OneCard Partner Banks in India 2026
OneCard partners with seven major Indian financial institutions to issue its credit cards as of 2026. These partnerships ensure wide availability and consistent features across all cards, regardless of the issuing bank. The application process routes to one of these banks based on internal underwriting logic.
| Partner Bank | Type | Key Detail |
|---|---|---|
| BOBCARD (Bank of Baroda) | Public Sector Bank / Financial Institution | One of seven issuing partners for OneCard; also offers FD-backed OneCard. |
| CSB Bank | Private Sector Bank | One of seven issuing partners for OneCard; also offers FD-backed OneCard. |
| Federal Bank | Private Sector Bank | One of seven issuing partners for OneCard; offers co-branded OneCard. |
| IDFC FIRST Bank | Private Sector Bank | One of seven issuing partners for OneCard. |
| SBM Bank India | Private Sector Bank | One of seven issuing partners for OneCard; offers secured OneCard Lite against Fixed Deposit. |
| South Indian Bank | Private Sector Bank | One of seven issuing partners for OneCard; also offers FD-backed OneCard. |
| Indian Bank | Public Sector Bank | One of seven issuing partners for OneCard; offers both Visa and RuPay variants. |
The core features, app experience, and reward structure remain identical across all partner banks, simplifying the user experience.
Key Takeaways
- OneCard is issued in partnership with seven Indian banks, including public and private sector entities.
- The specific issuing bank is assigned during the application process, not chosen by the applicant.
- All OneCard variants, regardless of the issuing bank, maintain consistent features, fees, and app functionality.
Check your eligibility and apply for the OneCard Credit Card digitally via the official OneCard app or website.
Frequently Asked Questions (FAQs)
What is OneCard?
OneCard is a lifetime-free metal credit card issued in partnership with Indian banks like Federal Bank, SBM Bank, and Bank of Baroda. IT is designed for new-to-credit users and offers up to 5x reward points on selected spending categories. The card is managed entirely through its mobile application, available on both Android and iOS.
Which banks offer the OneCard Credit Card in India?
OneCard is issued in collaboration with several Indian financial institutions, including Federal Bank, SBM Bank, South Indian Bank, Bank of Baroda (BOB Financial), CSB Bank, and Indian Bank. These partnerships allow OneCard to extend its services across various customer segments. You can apply through the OneCard app or the respective partner bank’s channels.
What are the main benefits of the OneCard Credit Card?
The OneCard offers a lifetime-free metal credit card with no annual fees, making IT attractive for new credit users. Key benefits include up to 5x reward points on top spending categories and a 1% fuel surcharge waiver up to ₹400 monthly. The card also supports seamless domestic and international transactions.
Does OneCard offer lounge access?
No, the OneCard Credit Card does not offer complimentary lounge access as a standard benefit. This feature is typically found on premium credit cards with annual fees. Users seeking lounge access should consider other credit card options.
How do I apply for a OneCard Credit Card?
You can apply for the OneCard Credit Card digitally through the official OneCard website or its mobile application. The application process typically takes about five minutes, requiring personal details and a credit check. Eligibility generally requires you to be an Indian citizen under 60 years old and residing in a supported service area.
What is the OneCard Lite Credit Card?
The OneCard Lite Credit Card is a secured variant offered in collaboration with SBM Bank, requiring a fixed deposit (FD) as collateral. This option is suitable for individuals with limited or no credit history. The credit limit can be up to 110% of the FD amount, with a maximum of ₹1.10 lakh.
Are there any annual or joining fees for OneCard?
No, the OneCard Credit Card is a lifetime-free card, meaning IT has no annual fees or joining fees. This makes IT a cost-effective option for managing expenses and building a credit history. All transactions and card features are managed through the OneCard mobile app.
Disclaimer: This article is general information, not financial advice. Interest rates, fees, and eligibility change frequently. Verify current details with the lender or regulator (RBI / SEBI) before deciding.