OneCard is a metallic credit card that is offered in collaboration with several banks including SBM Bank, South Indian Bank, Federal Bank and BOB Financial. This is an entry-level credit card that provides basic benefits to its users such as reward points, EMI conversion and more.
OneCard Credit Card
OneCard is a metal credit card that is offered in collaboration with several providers including SBM Bank, South Indian Bank, Federal Bank, BOB Financial and CSB Bank. It is a lifetime-free credit card that is best suited for people who are new to credit and want to earn reward points on their purchases. One of the best features of this credit card is that it does not limit extra reward earning to certain categories but provides 5X rewards on the top 2 spend categories. Read on to know more about this credit card and find out whether it would be a right fit for you.
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Check Now Check Pre-Approved OffersDisclaimer: OneCard is not a Paisabazaar partner and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to OneCard. No credit card offers/services from OneCard are being provided by Paisabazaar. For further information about OneCard credit cards, users are required to reach out directly to OneCard.
Top OneCard Credit Cards
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 earned points never expire. On the top 2 spend categories for a particular billing cycle, the card gives 5-times more rewards. The card is also relatively easy to get approved for as it comes with relaxed eligibility requirements, which makes it a good option for applicants who are new to credit. However, those who are not eligible for OneCard can start a Fixed Deposit with one of the partner banks and get a OneCard issued against that deposit. Here are the OneCards offered in collaboration with different providers.
SBM Bank OneCard
Best suited for : Building Credit History
Joining Fee: Nil
Annual Fee: Nil
Note: In all the above options, OneCard will have the same features and benefits. Only the issuer changes.
Fees and Charges
All the credit cards offered by OneCard do not incur joining and annual fees. However, cardholders have to pay finance charges and late payment fees in case of any disruption. The fees and charges applicable to all OneCard credit cards are mentioned in the table below:
| Fee Type | Amount |
|---|---|
| Joining Fee | Nil |
| Annual Fee | Nil |
| Finance Charges | 2.5% to 3.5% p.m. (30% to 42% p.a.) |
| Late Payment Fee | 2.5% of total amount due (Max. Rs. 1,000) |
Eligibility and Documentation
OneCard credit cards come with relaxed eligibility so, any individual who is new to credit can also apply for the credit card. However, the eligibility may vary as per the bank. Below mentioned is the common eligibility that is applicable to all the credit cards:
The applicant should be a minimum of 18 years of age to apply for OneCard.
Both salaried and self-employed can apply for any of the credit cards offered by OneCard.
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Quick Links to Manage your OneCard Credit Card
OneCard Credit Card is offered in collaboration with several banks which includes SBM Bank, Federal Bank, BOB Financial and more. Here are the links to the respective provider pages where you can learn about managing your OneCard Credit Card.
FAQs
You can apply for OneCard Credit Card online by visiting the official website of OneCard. Applicants can also download its mobile app and apply through it. People who want to apply offline can visit the nearest branch of any of the collaborated banks to fill the application form.
No, OneCard does not charge any reward redemption fee from its users. You can earn reward points and redeem them without any charges. OneCard also does not charge any joining and annual fees, which means, you can avail this credit card free for your lifetime.
The maximum credit limit offered by the bank differs from applicant to applicant. The bank decides the maximum credit limit based on your income, eligibility and other factors. So, the applicant will get to know about the credit limit only after getting approved for the credit card.
At the time of application, the applicant has to submit valid identity proof, address proof and income proof (if any). These are the basic documents that an applicant has to submit while applying for any of the OneCard credit cards. However, the collaborated bank can also ask for any other documents, if required.
Yes, people with no job can also apply for the OneCard. In such a case, you can apply for a secured OneCard that is offered in collaboration with SBM Bank. A secured credit card is offered against a fixed deposit, and its credit limit is a little bit lesser than the fixed deposit amount. The good thing is that along with your credit card, you can earn interest on your fixed deposit.
Yes, OneCard offers this facility of withdrawing money to its users from their credit cards. You can withdraw money from any ATM within or outside the country. However, the OneCard will charge a cash advance fee of 2.5% of the withdrawn amount, which is a minimum of Rs. 300. Therefore, it is advisable not to withdraw cash using your credit card.
OneCard comes with a lower forex markup fee as compared to the other credit cards available in the market. The forex markup fee charged by OneCard is 1%, which makes it easier for you to make transactions in foreign currency.
Yes, OneCard Credit Card is suitable for people who are new to credit. You can apply for this credit card and start building your credit score by using it efficiently. In order to build your credit score, make sure you make your payments timely and maintain your credit utilization ratio (preferably below 30%).