One Card Credit Card
One Card Credit Card has many similar features to other cards, but what sets it apart is the material it’s made of. It’s a metal credit card that offers a lot of benefits like reward points and special offers. This card is only available through certain banks like Bank of Baroda Financial, IDFC First Bank, South Indian Bank, SBM Bank, and Federal Bank. The great thing about this card is that there are no fees for joining or renewing it. This means you can enjoy all the benefits without having to pay any charges. One of the best features of this credit card is that it doesn’t limit extra reward earnings to specific categories, but provides 5 times the rewards on the top 2 spending categories. Here we will explore the features and benefits of this credit card, helping you decide if it’s the right choice for you.
Features and Benefits of One Card
- No joining fee or renewal fee.
No reward points redemption fee.
- Download the OneCard mobile app from App Store or Play Store.
Set transaction limits and manage various activities from the app.
- Activate the card digitally within 5 minutes, no need to visit the bank.
- Earn 5X Reward Points on top two spending categories.
Points credited immediately, no expiry date.
Redeem points by swiping the card, even in fractions.
- Convenient payment options for purchases.
- Cash withdrawal at ATMs enabled.
Up to 48 days of interest-free period.
Fees & Charges of One Card Credit Card
You’re aware that this credit card comes with no fees, but there are additional charges you should be aware of before submitting your application.
| 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 Criteria
Age : Applicant should be 18 years and above.
Occupation : Both salaried and self-employed can apply.
CIBIL Score : 750 or above.
Income : Have a stable income.
Documents Required
- Possess a valid Identity Proof.
- Provide valid Address Proof and Income Proof.
If you can’t get a OneCard, you can still open a Fixed Deposit with one of the partner banks. Once you have a Fixed Deposit, you can get a OneCard issued using that deposit.
Different OneCards available
Here are the different OneCards available in partnership with various providers:
- IDFC First Bank OneCard
Best suited for : Rewards - SBM Bank OneCard
Best suited for : Building Credit History - Bank of Baroda Financial OneCard
Best suited for : Rewards - Federal Bank OneCard
Best suited for : Rewards - South Indian Bank OneCard
Best suited for : Rewards
How to Apply for a OneCard Credit Card?
There are two simple ways to apply for a OneCard Credit Card:
Online Application:
- Visit the official OneCard website.
- Fill in the required details in the application form.
- Submit the form online.
- The whole process will take around 5 minutes.
- You can also download the OneCard mobile app from PlayStore or AppStore and apply through it.
- If you choose to receive updates on your credit card application status via Whatsapp, you will receive updates there, so you don’t have to worry about tracking it manually.
Offline Application:
- Visit the nearest branch of any collaborating bank.
- Fill out the application form provided at the branch.
- Submit the completed form along with the necessary documents.
- The bank staff will guide you through the process.
Whether you choose to apply online or offline, the application process is quick and hassle-free.