One card credit card is basic cards with no joining fee, and there are high-end cards with a metal design that charge a joining fee. What if we combine both categories and offer a free card? That’s OneCard. Here’s everything you should know about the OneCard metal credit card.
Onecard is great for people who want a metal credit card with a low markup fee, which are usually only available on super premium cards. When it comes to rewards, the regular rate is low, but they occasionally offer targeted offers that definitely provide some assistance.
| SBI Bank Simply Click Credit Card | |
|---|---|
 | |
| Type | Rewards & UPI Payment |
| Best Suited For | International Use – Low Markup Fees |
| Joining Fee | Nil |
| Annual Fee | Nil |
| Welcome Benefits | 500 Rs Amazon Gift Voucher |
| Best Feature | Earn Reward Points Spending Money |
| Card Pandit Rating |  |
Table of Contents
One Card Credit Card Welcome Benefits ;-
One card credit card does not offer any welcome benefits. OneCard is essentially a rewards credit card that lets its users earn reward points on every usage. For every Rs. 50 spent, you get 1 reward point and the ear.ned points never expire. The card has no joining fee or annual fee and has a low markup fee of 1%+GST The card has no joining fee or annual fee and has a low markup fee of 1%+GST
OneCard Credit Card Reward Points :-
OneCard is essentially a rewards credit card. its users earn reward points on every usage. For every Rs. 50 spent, you get 1 reward point and the earned reward points never expire. On the top 2 spend categories for a particular billing cycle, the card gives 5-times more rewards
| Title | Details |
| Regular Rewards | 1 RP/ Rs.50 |
| Accelerated Rewards | 5X RP on top 2 categories |
| Reward Point Value | 1 RP = 0.10 paisa |
| Regular Reward rate | 0.2% to 2% |
| Accelerated Reward rate | 1% to 10% |
One Card Credit Card Charges
OneCard credit cards don’t have joining or annual fees. However, if there are any issues, cardholders will need to pay finance charges and late payment fees. The table below shows all the applicable fees and charges for OneCard credit cards.
| Criteria | Details |
| Joining Fee | Nil – Lifetime Free |
| Annual Fee | Nil – Lifetime Free |
| Finance Charges | 2.5% to 3.5% p.m. (30% to 42% p.a.) |
| Add-on card fee | Nil |
| Forex-markup fee | 1.18% |
| Late Payment Fee | 2.5% of total amount due (Max. Rs. 1,000) |
| Card replacement | Rs 3000 for Metal & Nil for 1st plastic card |
| Card Cancelation | Rs 3000 for a Metal & Rs 500 for Plastic Card |
| Rewards redemption fee | Nil |
| Cheque payment fee | Rs.100 |
| Overlimit | 2.5% of overlimit amount or Rs.600 (whichever is higher) |
OneCard Eligibility & Documents Requirements
Below listed are some of the OneCard Credit Card Eligibility & Documents Requirements
- ✅ You must be over 18 years of age
- ✅ You must be able to demonstrate a stable credit history
- ✅ You must be salaried or self-employed and withdraw a stable salary
| Title | Details |
| Occupation | Salary | Job | Business |
| Age | 18+ Above |
| ID Proof | Pan Card, Aadhar Card, Driving License. Voter Card, Passport |
| Address Proof | Aadhar Card, Ration Card, Utility Bill, Passport, Voting Card |
| Income Proof | Salary Slip | ITR File | Bank Statement | Form 16 |
One Card Pros Cons:
Here is the one card pros & cons
Pros
- Metal card with a premium look
- Reward points that never get expired.
- Low markup fees
- No fees on reward redemption
- Lifetime free credit card
Cons
- Low reward rate
- This card is available only limited cities
- No airport lounge access
One Card Credit Card Conclusion:-
The positives of this card are the easy onboarding process and the user-friendly OneCard app. It’s convenient to track your reward points for each transaction. The in-app rewards redemption promising,
However, there are some negatives to consider. The default reward rate is quite low at just 0.2%, possibly the lowest in the industry. Honestly, there aren’t many benefits to having this card, apart from the novelty of having a metal card to show off to friends.
So, should you apply for this card? Honestly, at the moment, it’s more of a novelty item than a practical one. I applied for it because it’s lifetime free, has a metal design, low markup fees on international transaction, and I hope that once it gains popularity, there will be better partner offers and redemption options available.
How To Apply One Card Credit Card :-
If you prefer applying online, here are the steps to follow:
- To apply for OneCard, you should download the One Card App.
- Once you have installed the app, enter your basic information such as your Name, Address, e-mail, phone number, and PAN card number.
- Once your OTP (One-time Password) is verified, you will instantly receive a virtual credit card and can view your credit limit.
- Additionally, you will receive a welcome e-mail containing all the necessary information.
- Your physical credit card will be delivered to your provided address within 2-3 days.