The OneCard is a metal credit card that stands out for its sleek design and innovative features, designed for the digital-savvy consumer who values simplicity, control, and rewards. Offered by FPL Technologies in partnership with various banks, OneCard is managed entirely through an app, giving users full control over their card and its features. With no joining or annual fees, OneCard is an excellent choice for those looking for a straightforward credit card with strong rewards, clear terms, and a digital-first experience.
Overview
| Feature | Details |
|---|---|
| Card Type | Fintech Credit Card |
| Reward Rate | 1 Reward Point per ₹50 spent |
| Reward Value | 1 Reward Point = ₹1 when redeemed |
| Joining Fee | Nil |
| Unique Selling Points | Metal card, fully app-based management, instant virtual card |
| Rating | ★★★★☆ (4.5/5) |
OneCard Fees and Charges
| Fee Type | Details |
|---|---|
| Joining Fee | Nil |
| Annual Fee | Nil |
| Finance Charges | 2.5% per month (30% per annum) |
| Foreign Transaction Fee | 1% + GST |
| Cash Advance Fee | 2.5% of the amount withdrawn (min ₹300) |
| Late Payment Fee | ₹100 to ₹1,000 depending on the outstanding balance |
OneCard Benefits
Digital-First Experience
- Fully App-Based Management: Manage all aspects of your OneCard through the OneCard app, including spending tracking, bill payments, and rewards redemption.
- Instant Virtual Card: Upon approval, you receive a virtual card that can be used immediately for online transactions, even before your physical card arrives.
Metal Card Design
- Premium Metal Build: The OneCard is a metal credit card, giving it a premium feel and making it more durable compared to traditional plastic cards.
Rewards Program
- 1 Reward Point per ₹50 Spent: Earn 1 Reward Point for every ₹50 spent across all categories, with no caps on earnings.
- Instant Redemption: Reward Points can be redeemed instantly at a value of ₹1 per point, directly against transactions through the app.
No Hidden Fees
- No Joining or Annual Fees: OneCard comes with no joining or annual fees, ensuring you can enjoy the benefits without any hidden costs.
- Transparent Charges: All fees and charges are clearly communicated within the app, promoting transparency and helping you avoid unexpected costs.
Customizable Spend Limits
- Set Your Limits: The OneCard app allows you to set spending limits on various categories, helping you manage your budget more effectively.
Security Features
- Real-Time Transaction Alerts: Get instant notifications for every transaction, helping you monitor your card activity in real-time.
- Card Lock/Unlock: Instantly lock or unlock your card through the app in case of loss or suspicious activity.
Rewards
| Spending Category | Reward Points Earned |
|---|---|
| All Purchases | 1 Reward Point per ₹50 spent |
Redemption
- Instant Redemption: Redeem your Reward Points instantly against any transaction through the OneCard app. 1 Reward Point equals ₹1, making it easy to offset your purchases directly.
OneCard Usage
- Online and Offline Shopping: Use OneCard at any merchant that accepts Visa or Mastercard, both online and offline.
- Bill Payments: Pay utility bills, mobile recharges, and other regular expenses using OneCard and earn rewards on every transaction.
Airport Lounge Access
The OneCard does not currently offer complimentary airport lounge access, focusing instead on providing strong rewards and a premium card experience.
Foreign Transaction Fee
| Feature | Details |
|---|---|
| Foreign Transaction Fee | 1% + GST |
Eligibility
- Age: 18 years and above.
- Income: No specific income requirement, but your credit limit is based on your credit profile.
- Employment: Available to both salaried and self-employed individuals.
How to Apply?
Online Application
- Download the OneCard app from the Google Play Store or Apple App Store.
- Complete the KYC process within the app.
- If eligible, you’ll receive instant approval and a virtual card for immediate use.
- The physical metal card will be delivered to your address.
OneCard Review
Editor’s Rating
Summary
The OneCard stands out as a modern, minimalist credit card designed for those who prefer a digital-first experience. With no joining or annual fees, a premium metal card design, and straightforward rewards, it offers excellent value. The ability to manage everything through an app and redeem rewards instantly adds to its appeal. However, it lacks premium features such as airport lounge access, which may be a drawback for frequent travelers. Overall, OneCard is ideal for young professionals and digital-savvy users who value simplicity, transparency, and a strong rewards program.
Pros and Cons
| Pros | Cons |
|---|---|
| No joining or annual fees | No airport lounge access |
| 1 Reward Point per ₹50 spent with easy redemption | Limited premium travel benefits |
| Fully app-based management with instant virtual card | Rewards program may not be as lucrative for high spenders compared to premium cards |
| Premium metal card design | No insurance benefits included |
Similar Cards to OneCard
| Feature | OneCard | Slice Super Card | UNI Pay 1/3rd Card |
|---|---|---|---|
| Annual Fee | Nil | Nil | Nil |
| Reward Rate | 1 Reward Point per ₹50 spent | Up to 2% cashback on every transaction | 1% cashback on full payment of the bill |
| Card Material | Metal | Plastic | Plastic |
| Eligibility | Based on credit profile | Available to students and working professionals | Available to students and working professionals |
| Foreign Transaction Fee | 1% + GST | Not available | Not available |
Comparison
Slice Super Card vs OneCard
The Slice Super Card offers up to 2% cashback on every transaction and flexible EMI options, making it attractive for those who prefer instant rewards. However, OneCard’s metal design, app-based control, and clear rewards structure make it a more premium offering. If you prefer a sleek, minimalist card with no fees and a strong digital experience, OneCard is the better choice.
UNI Pay 1/3rd Card vs OneCard
The UNI Pay 1/3rd Card is ideal for users who want to split their bill payments into three equal parts with no interest. While it doesn’t offer a traditional rewards program like OneCard, it provides a different kind of financial flexibility. If you prefer a straightforward rewards system and the convenience of instant redemption, OneCard is more suitable.
FAQ
What is the annual fee for OneCard?
OneCard has no annual fee, making it a cost-effective option for users.
How do I earn rewards with OneCard?
You earn 1 Reward Point for every ₹50 spent across all categories, and these points can be redeemed instantly at a value of ₹1 per point.
Does OneCard support international transactions?
Yes, OneCard supports international transactions with a foreign transaction fee of 1% + GST.
How do I manage my OneCard account?
You can manage all aspects of your OneCard account through the OneCard app, including tracking spending, paying bills, and redeeming rewards.
Are there any hidden fees with OneCard?
No, OneCard is transparent about its fees, with no hidden charges or annual fees. Apply for the card in India.
