OneCard Metal Credit Card Review

OneCard is an entry-level free metal credit card in India issued by FPL Technologies. FPL Technologies is a fast growing fintech startup based in Pune. Most metal credit cards have high annual fees and are under super-premium category but OneCard is an entry-level credit card with regular features. It is a mix of both segments.

The metal credit card is sleek with clean front having only the cardholder name. The Card number, Expiry date and the CVV are printed on the back side of the card.

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Benefits of OneCard Metal Credit Card in India

Following are the key benefits and features of the card:

  • Lifetime free credit card without any joining or annual fee.
  • No rewards redemption fees, points never expire, and you get fractional reward points also.
  • You get a visa signature metal card for free.
  • The card looks very upmarket and has a premium feel.
  • Completely digital on-boarding process. I got my virtual card under 30 minutes.
  • You get 5X reward points on top 2 category spends.
  • 1% fuel surcharge waiver at all petrol pumps.
OneCard Metal Credit Card

Virtual and Physical Credit Card

Once your application is approved, you will be issued a virtual card within few minutes. Your physical metal card will be delivered to you within 3-4 business days.

OneCard Credit Card Charges

Joining Fee: Nil
Annual Fee: Nil
Markup Fee: 1%
Interest Rate: 2.5% to 3.5%

OneCard Replacement Charges

  • Plastic card Fee – Nil, 2nd replacement onwards – 145
  • Metal card Fee: Rs. 3000 (extremely high charges of card re-issuance)

Banking partners

  • Federal Bank
  • SBM Bank
  • South Indian Bank
  • BOB Financial

Foreign Currency Mark-up Fee

The foreign currency mark-up will be charged at 1% + GST. This is one of the lowest in India. Even Super premium Cards don’t offer such low markup fees.

Airport Lounge Access

OneCard metal signature credit card is not offering free lounge access.

Addon Card Charges

With the OneCard Credit Card, you can get free add-on cards. The addon card has no annual or joining fee.

OneCard Rewards

Regular Rewards: Rs. 50 = 1 RP
Point Value: Rs 0.1
5X reward points on top 2 category spends.

Reward points will not accrue for money transfers, rent payments, cash withdrawals and digital wallet loading or top-up transactions.

Rewards Redemption

  • Pay with points: which lets you pay for previous transactions
  • Redeem points for other offers/benefits as applicable from time to time


  • The Reward rate is very low compared to many other free entry-level credit cards in India.
  • If you want to close your card within the first 6 months of virtual card being activated then you need to pay Rs 3,000 as cancellation fee.
  • If you lose your OneCard, the re-issuance fee for first plastic card is Zero then second onwards, it is Rs 145. If you need a metal card again, you need to pay Rs 3,000 which is extremely high.

How to Apply for OneCard

You need a decent credit score for approval. Check your Credit Score for Free before applying. The entire process takes just a few minutes.

Step 1: Download the OneCard app
Step 2: Input your details like email, PAN and Aadhar.
Step 3: Complete your video KYC.
Click to Apply for OneCard

Read Also: Indusind Bank Legend Signature Credit Card

OneCard metal credit card is an entry-level credit card with very low reward rate on regular spends. However, the 1% reward rate in top 2 spend categories is not too bad. Overall the major benefits are: Visa signature platform, life time free metal card, and easy to use app.
Written By: Vinay

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