Federal Bank OneCard – An Entry-level Credit Card

Federal Bank in association with OneCard offers a co-branded credit card that lets its users earn reward points on multiple categories, such as shopping, travel, lifestyle and more. One of the great features is that you can instantly use your virtual credit card after getting approved for it, while the metal credit card will be delivered in 3 to 5 working days. Take a look below to know about key features and benefits of this credit card:

5X Reward Points: Make purchases across at least 3 categories in a month and avail 5X reward points on top 2 categories. Cardholders must spend at least Rs. 750 in each category to qualify for 5X rewards.

Reward Points: 1 reward point on every Rs. 50 spent. Fractional reward points will be credited for purchases below Rs. 50.

No Reward Redemption Fee: Redeem earned reward points without any charges.

Lifetime Validity: No expiry date for reward points.

Virtual Credit Card: Receive virtual credit card on OneCard mobile app instantly after getting approved for it.

Forex Mark-up Fee: Among the lowest forex mark-up fee of 1%.

Secure Transactions: 3D secure transaction using swipe2Pay feature in place of OTP.

EMIs: Convert your purchases into EMIs and earn reward points on EMI transactions or repay EMIs with reward points.

Referral Programme: Bonus reward points on referring friends and family. You can earn bonus reward points for a maximum of 10 referrals in any calendar month, and a maximum of 100 referrals in a calendar year.

Also look: Best Entry-level Credit Cards

Note: From 6^th Jan 2025 onwards, the following terms and conditions will be applicable on Federal Bank One Card:

• To qualify for the monthly benefit of 5X rewards on top 2 categories, you must spend at least Rs. 750 in each category.
• Reward points can be earned on education, bills & utilities and insurance spends. However, if any of these spends are eligible for 5X rewards, the total reward earning will be capped at 25,000 reward points.
• Merchant EMI transactions will not be eligible for reward point earning.

Federal Bank OneCard Credit Card is a lifetime free credit card as it does not charge joining and annual fees. However, some of the other fees and charges associated with this credit card are as follows:

Type of Fee or Charge	Amount
Joining Fee	Nil
Annual/ Renewal Fee	Nil
Interest-free Period	48 days
Finance Charges	2.5% to 3.5% p.m. (30% to 42% p.a.)
Over Limit Fee	2.5% of the over limit amount
Late Payment Charges	2.5% of total amount due (Max. Rs. 1,000)

This credit card is best suited for people who are new to credit because of its relaxed eligibility. However, the applicant must fulfill the below-mentioned eligibility to apply for this credit card:

Particulars	Details
Occupation	Salaried or Self-employed
Minimum Age Requirement	18 years
Documents Required	Age Proof, Address Proof, Income Proof (if any)

Suggested read: Top OneCard Credit Cards

Federal Bank OneCard Credit Card is an entry-level credit card that offers basic benefits, such as reward points, EMI options and more to its users. This credit card is best suited for people who are new to credit and want to start their credit journey. You can earn reward points on multiple categories, such as travel, lifestyle, shopping and more through this credit card. One of the great features is that you can avail all the benefits without any charges. Overall, you can apply for this credit card if you are planning to get your first credit card and don’t want to pay an annual fee. However, people, who already have a credit card and looking for another credit card that offers benefits on a specific category, can look for other credit cards available in the market.

If you are looking for other credit cards that offer benefits similar to the Federal Bank OneCard Credit Card, you can refer to the cards mentioned in the table below:

Credit Card	Annual Fee	Key Feature
Federal Bank OneCard Credit Card	Nil	5X reward points on top 2 spend categories
Slice Super Credit Card	Nil	2% cashback on every transaction
Paisabazaar StepUp Credit Card	Nil (Rs. 200 joining fee applicable on an FD of Rs. 2,000)	1 reward point for every Rs. 100 spent
SBM Bank OneCard Lite Credit Card	Nil	5X reward points on top 2 spend categories
BoB Financial OneCard Credit Card	Nil	5X reward points on top 2 spend categories

*Terms and conditions applicable.

Q. How can I apply for Federal Bank OneCard Credit Card?

A. You can apply for Federal Bank OneCard Credit Card via both online and offline modes. You have to visit the nearest Federal Bank branch to apply offline for this credit card. However, people, who want to apply online, can visit the official website of OneCard or Federal Bank. Additionally, you can also apply for this credit card through the OneCard mobile app.

Q. Can I improve my credit history through this credit card?

A. Yes, Federal Bank OneCard Credit Card is specifically designed for people who are new to credit. You can apply for this credit and improve your credit history. However, it is important to make due payments on time and maintain credit utilization ratio to improve your credit history. Apart from these two things, other factors also play a vital role in your credit history.

Q. Can I withdraw money using this credit card?

A. Yes, you can withdraw money using this credit card through any ATM. However, the cash advance fee will be charged by the bank for withdrawing money through the credit card. The cash advance fee charged by the Federal Bank for OneCard is 2.5% of the withdrawn amount (minimum of Rs. 300).

Q. What is the maximum credit limit offered on this credit card?

A. The credit limit of a cardholder is decided by the bank only after scrutinizing the application. It varies from cardholder to cardholder. The bank will consider your income and eligibility while deciding your credit limit. Hence, an applicant has to fill the application form to know about the credit limit of his/ her credit card.

Q. What is the minimum credit score required to apply for this credit card?

A. There is no minimum credit score required to apply for this credit card, as this credit card is designed for people who are new to credit. You can use this credit card to start your credit journey.

Q. What all documents are required to apply for Federal Bank OneCard Credit Card?

A. The applicants don’t have to submit a lot of documents like other credit cards. You have to submit address proof, age proof and income proof (if any) to apply for this credit card. However, the bank can ask for any other document, if required.