Credit Cards · Honest Review
OneCard Credit Card
Federal Bank (OneCard - FPL Technologies) · Visa
Your Verdict
- ✓Fully digital, app-first metal credit card with no physical paperwork
- ✓5X reward points on your top 2 spend categories each month
- ✓Low forex markup of just 1% on international transactions
- ✓Lifetime free with zero joining and annual fees
- ✓No redemption fee on reward point redemptions
What OneCard Credit Card costs you
OneCard Credit Card is a lifetime-free credit card — you pay zero joining fee and zero annual fee, ever. This makes it a zero-cost card for any spending level.
| Fee | Amount |
|---|---|
| Annual fee (year 2+) | Free — ₹0 |
| Joining fee (one-time) | Free — ₹0 |
| Fee waiver condition | Lifetime free, no annual fee under any condition |
| Foreign transaction fee (forex markup) | 1% per transaction |
What you earn on every rupee spent
OneCard Credit Card earns 2.00% on all eligible spends as a base reward rate. There are no additional category-specific multipliers. Each reward point is worth ₹0.1 when redeemed, giving a clear rupee value for your earnings.
| Category | Reward rate |
|---|---|
| All other spends (base rate) | 2.00% |
Reward types: Points · Cashback
Beyond the reward rate
The non-reward benefits on OneCard Credit Card are limited — the card's value proposition is primarily the reward rate structure.
Who can apply for OneCard Credit Card
OneCard Credit Card requires a minimum net monthly income of ₹15,000 for salaried applicants and a CIBIL score of 750 or above. It is open to salaried employees and self-employed professionals.
| Requirement | Detail |
|---|---|
| Minimum monthly income | ₹15,000 |
| CIBIL score | 750+ (good to excellent) |
| Age range | 18–60 years |
| Employment type | Salaried, Self-employed |
| Typical approval time |
Fully digital application via app; secured variant available against fixed deposit for limited credit history.
Who should (and shouldn't) get OneCard Credit Card
- → First-time cardholders who want zero-cost entry
- → International spenders benefiting from low forex markup
- → Users with concentrated spending in a single category who want a specialised card
- → Frequent flyers who need airport lounge access
OneCard Credit Card — Questions answered
Is OneCard Credit Card free for life?
What is the minimum income required for OneCard Credit Card?
What reward rate does OneCard Credit Card offer?
Does OneCard Credit Card provide airport lounge access?
How long does it take to get OneCard Credit Card approved?
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Get My Personalised Verdict →Information on this page is gathered from public sources and the card issuer's official website. Fees and reward rates may change — verify the current terms on the issuer's website before applying. SingleVerdict may earn a referral fee if you apply through our links, which does not affect our scoring or editorial decisions.