OneCard Review – Lifetime Free Metal Card in India

Onecard is a lifetime free metal credit card which has very low forex markup fees. Onecard is a co-branded credit card brought to you by FPL technologies and its partner banks.

Today, in this blog post I will share Onecard review. I will review OneCard – a metal credit card properly with all information. I am using this onecard credit card for the last 1 year so I can share a proper onecard review with in-depth knowledge. I will share hidden charges, benefits, pros & cons, fees & charges and more information here today, So read this blog post completely.

Overview

Type	Entry-level credit card
Reward rate	.2% to 1%
Annual fee	Nil
USB	Free Metal card
Suitable For	Beginners
Best for	Foreign markup fee

Partner Bank

Onecard – metal credit card has partnered with 5 banks to provide credit card service in India. Your onecard will be powered by VISA card network and partner bank. The onecard is the first metal credit card in India which is brought to you FPL technologies in partnership with these 5 banks – FEderal bank, IDFC bank, South Indian bank, BOB Finacial and SBM bank. Your Onecard credit card will be powered by one of these 5 banks. BOB Financial, Federal bank, IDFC bank and South Indian bank provide unsecured credit cards and SBM bank provides secured credit cards (credit cards against fixed deposits). FD-based Onecard is called ONecard lite and it’s powered by SBM bank India.

Fees & Charges

Joining fee	Nil
Annual fee	Nil
Fuel surcharge	No surcharge
Replacement fee	First time free, Plastic card – 147 rupees, Metal card – 3000 rupees.
Addon card	4 addon card for free
Forex markup fee	1% of transaction amount
Interest-free period	48 days

Rewards & Cashback

You will earn onecard reward points on spending using your Onecard- metal credit card. You will earn 1 reward point per 50 rupees spent. You will earn reward points in fractions too, which means you will earn reward points on all transactions. For example, if you spend 25 rupees then you will earn .5 reward points. And the value of each reward point is 10 paise, 500 reward point is equivalent to 50 rupees. Onecard reward points will never expire.

And there is no limit on reward points so you will earn unlimited reward points with Onecard metal credit card.

5X Rewards

With Onecard – a metal credit card you will earn 5x rewards on the top 2 spending categories. Normal reward points will be credited to your account and if you unlock 5x rewards then additional 4x rewards will be added to your account. To unlock 5x rewards you need to spend at least on 3 categories and you will earn 5x rewards on the top 2 categories only.

Cashback Offers

Onecard offers milestone cashback offers, which means you have to complete milestones to get cashback. Recently, I got a milestone cashback offer – spend 7500 rupees and get 500 rupees cashback. Although cashback will be credited in the form of reward points. You will get special discounts on Amazon & Flipkart during festive seasons.

Reward Rate

To earn maximum rewards on your Onecard you need to unlock 5x rewards by spending atleast in 3 categories. Normally, you earn 2 reward points on 100 rupees spending, Here reward rate is only .20% After unlocking 5x rewards you will earn approximately 1% rewards on the top 2 categories. Your ONecard reward rate varies from .20% to 1%.

Reward Redemption

You need at least 500 reward points to convert it to cash. As you know the value of each Onecard reward point is 10 paise, So you will get 50 rupees in exchange for 500 reward points. You can redeem OneCard reward ponts very easily from the Onecard app and there are no reward redemption fees.

Lifetime Free Credit Card

Onecard- metal credit card is a lifetime free card means no joining fees and no annual fees. This credit card doesn’t have any annual spending target to waive off annual fees, it is simply LTF credit card.

Also read: Best Credit Cards For Movie Ticket Booking

Zero Fuel Surcharge

Onecard – metal credit card has zero fuel surcharge. Onecard will refund fuel surcharges to your card. There is no minimum & maximum transaction amount to get a fuel surcharge refund. And there is no capping limit on the fuel surcharge refund amount. Additionally, you will earn normal reward points on fuel spending (5X reward points too). You can use a Onecard metal credit card at any petrol pump in India and the fuel surcharge will be refunded.

Also Read: SBI Cashback Credit Card Review

Low Forex Markup Fees

Onecard credit card has very low foreign currency markup fees – 1% of transaction amount which is very low as compared to other bank credit cards. A low forex markup fee is very useful for users who frequently pay online on foreign websites.

No Lounge Acces

You will not get any airport lounge access with onecard credit card. It is an entry-level credit card so you should not expect lounge acces on this credit card. If you are a frequent flyer then you should check the list of best credit cards for lounge access published on KeneFi earlier.

Also Read: Best Credit Cards For Airport Lounge Access

How To Apply

You can apply for Onecard – metal credit card very easily from onecard app and one score app. If you apply from others’ referral links then you will get a referral bonus unless no joining bonus if you join directly. Click here to signup from my referral link (use coupon code: KESHAB14). Follow these steps.

• Download OneCard mobile app
• Signup using Email & mobile number
• Select occupation
• Complete KYC
• Credit limit assigned
• Card unlocked

Now you can see your OneCard virtual credit card number and use it online. Within 7 days physical card will be delivered to your registered address.

Documents required

No physical documents are required for Onecard KYC. You have to complete the AADHAAR KYC and share your PAN number. Your physical document is not needed, And you need to provide your income proof if needed.

Eligibility criteria

• Indian citizen
• The mobile number linked with the Aadhaar card
• PAN card
• Both salaried & Self employed
• All users are eligible for FD-based card

Onecard against Fixed Deposit

If Onecard partner banks do not provide any credit limit, then you can get your OneCard by creating a fixed deposit of a minimum of Rs.2000. Your fixed deposit will be created with SBM bank and earn good interest. If you are new and do not have a credit history then any bank will not provide a credit card. But you can get Onecard against a fixed deposit. You can build your credit score by using Onecard properly.

My Experience

I am using OneCard – a metal credit card since January 2022, almost one year completed. I am adding my personal experience so this onecard review will be very useful for you. I always use Onecard for forex transactions because it charges only a 1% markup fee while other bank card charges up to 5%. I always unlock 5x rewards and earn 1% reward points on my top 2 spendings. I would suggest this credit card for beginners. If you want huge cashback on your online spending then you can go with an SBI Cashback credit card, HDFC millennia card, Amazon Pay ICICI card and Flipkart Axis bank credit card etc.

Summary

Onecard is an entry-level credit card and it’s famous for its metal body. Onecard is the first LTF metal credit card in India unless other com[panies charges huge fees for metal card. The reward is not up to the mark of .20% to 1%, You can earn 5x rewards on the top 2 categories which are not up to the mark. Forex markup fees are very low – only 1% of the transaction amount. If any partner bank doesn’t provide a credit limit then you can create a fixed deposit and get a credit card which is a good feature. You can build your credit history by using this credit card.

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