OneCard Review 2024

How about receiving a free metal credit card that offers 1% cashback on all purchases?

Imagine my excitement when I discovered that this OneCard has no annual fees and is issued by FPL Technologies – a new generation of credit built with full-stack tech and backed by the principles of simplicity, transparency, and user control.

If this appeals to you, join me as we explore OneCard – the credit card that’s revolutionizing the industry and captivating savvy consumers.

What is a OneCard Credit card?

I’ve recently discovered OneCard, a new credit card that’s quickly gaining popularity due to its numerous benefits. To begin with, OneCard provides 1% cashback on all purchases made using the card. This means that each time I use my OneCard, I earn a bit of money back – which accumulates over time!

Moreover, OneCard doesn’t have any annual fees, allowing me to use it as often as I want without worrying about hidden costs. Additionally, OneCard only charges a 1% foreign markup on transactions made overseas. This fantastic feature greatly benefits frequent travelers like me, as it saves us a significant amount on international transactions.

OneCard is brought to you by FPL Technologies, a company devoted to delivering straightforward and transparent credit products. With a strong commitment to empowering users to regain control of their finances, OneCard serves as an excellent representation of this dedication.

If you’re searching for a credit card that boasts exceptional benefits and is backed by a trustworthy company, OneCard is your answer!

OneCard – the next generation credit solution, built with full-stack technology and founded on the principles of simplicity, transparency, and user control.

The All-in-one Card embodies all the features that define a premium metal credit card. This innovative credit solution is designed using cutting-edge technology, focusing on simplicity, transparency, and empowering users to take control of their finances.

What is a Metal Credit card?

OneCard has recently entered the metal credit card market, making a strong impression right from the start. The OneCard Metal Credit Card is not only sleek and sturdy but also comparatively rare compared to traditional plastic cards.

Typically, this credit card is invitation-only, but OneCard has made it accessible to everyone. The OneCard Metal Credit Card offers greater durability than the average plastic card, ensuring it won’t break in your wallet.

Should you ever misplace your OneCard, take comfort in knowing that it comes with OneCard’s top-notch customer service and protection.

What is the Joining & Renewal Fees?

Types	Amount
Joining Fees/Renewal Fees	Nil
Welcome Gift	Nil

This is a lifetime free credit card, so no joining fees or annual/renewal fees.

Benefits and Features

Types	Rewards	Rewards Rate
Regular Rewards	1 RP/ Rs.50	0.20%
Accelerated Reward	1 RP/ Rs.50	1%
Rewards Points value	1 Reward point = 0.10 paisa

Take note: OneCard offers an impressive 5X points on all categories, including dining, travel, and even fuel. I believe it’s the only credit card that provides such remarkable 5X rewards points on fuel transactions as well.

Unlike most credit cards that don’t offer rewards points on utility bills, fuel, and insurance payments, OneCard is an exception. OneCard provides rewards points for all category expenses, making it a versatile and valuable choice for users.

Please note: Reward points will not be credited for transfers, wallet loads, and cash withdrawals when using OneCard.

Lowest Forex Mark Fees

OneCard boasts the lowest forex mark-up fees for any transaction. It even offers a mere 1% fee on forex transactions abroad or foreign expenses.

As a frequent traveler who has used multiple cards, I can confidently say that OneCard, being a Metal Card, is the top choice if you’re seeking a free credit card with low forex mark-up fees.

Other Benefits

OneCard’s Metal Credit Card stands out from the norm, as metal credit cards are not typically issued.

Partnered with the VISA network, OneCard offers several enticing features:

• Instantly issued points
• Fractional Points
• Smooth In-App Points Redemption
• Zero Rewards Redemption Fee
• Points Never Expire

Unlike traditional credit cards that round off reward points based on a predetermined rate, OneCard is an exception.

For example, if a spend of 100 qualifies for 1 point and you spend 225, most credit cards would award only 2 points. However, OneCard ensures you don’t lose out by awarding fractional points, making it a unique and valuable choice.

How to apply OneCard?

Applying for a OneCard Credit Card is easy and convenient. You can apply online by visiting the official website of OneCard or downloading the mobile app. Alternatively, you can also apply for your OneCard Credit Card on the OneCard mobile app, which is available on both Google Play and App Store.

To apply for a OneCard Credit Card, you will need to provide mandatory information such as your name, contact details, PAN number etc. Once you have filled in all the required details and submitted your application, it will be processed within 5 minutes and you will receive an activation password. With this password, you can activate your card and start using it right away!

If you want to add an additional cardholder to your account, you can do so by entering their name (as per PAN) and relationship with you. You can also choose the limit of the card according to your needs.

So if you are looking for a metal credit card that is powered by technology and offers unique features, then OneCard is definitely worth considering!

My hands-on experience

I got One Credit card by directly applying the OneCard App. I got a welcome mail from One Card Like this.

Hi, Dhiraj

We’re delighted to inform you that your application for OneCard has been approved, and we warmly welcome you to the membership of India’s best and smartest metal credit card.

Cheers to a fabulous and rewarding experience with your OneCard, because you truly deserve the best!

BlueDart delivered the card within 2 days from the date of the confirmation mail. I have used this card; the card payment is seamless. Just pay and confirm from the app, no need to OTP.

All the charges related from this very well explained in welcome mail, Below is the all details about the charges.

Fee Types	Fee Description	Unit Fees
Joining Fee	Joining Fees (Primary Card Holder) Joining Fees ( Add On Cardholder)	Both NIL
Annual membership Fees	Joining Fees (Primary Card Holder) Joining Fees ( Add On Cardholder)	Both NIL
Card Reissuance Fees	Plastic Card Metal Card	Nil Rs.3000
Card cancellation Fees	Card cancelled within 6 months of being delivered	Rs.3000
Card Advance Fees	ATM withdrawal fees	2.5% of amount withdrawn (Min Rs.300)
Service Charges for Transaction	Rewards redemption fee Forex Mark Fee Over limit Fees	Nil 1% 2.5% of over limit amount
Interest	Interest Free Period Interest Rate (Monthly and annualized Basis) Minimum Amount Due	48 days 2.5% to 3.5% per months and 30% to 42% on an annualized basis 5% of Total Amount Due( Min. Rs.100)
Charges in case of default	Late payment fees	2.5% of Total Amount Due ( Max Rs.1000)

How to pay One Card

You can pay the One Card outstanding dues from App itself, through the following method.

• Debit Card
• Net-Banking
• UPI
• CRED

In case of any disputes , you can reach the Onecard issuers through below method.

• Chat with OneCard customer Care from OneCard App.
• Email your query or concern to help@getonecard.app
• Call on OneCard helpline number at 080-4557-5559
• Write to FPL Technologies Private Limited D-27, Bootstart, versha park, Baner, Pune-411045.
• One Card Grievance redressal Escalation Mail ID : grievances@fplabs.tech or Nodal officer mail nodalofficer@fplabs.tech

Who Should Apply for OneCard Credit Card?

The OneCard Credit Card has a lower rewards rate compared to some other cards. It is an ideal choice for customers seeking a lifetime free, metal card that offers all the benefits of an Indian credit card. If you plan to apply for this card solely for cashback or rewards, it may not be the best fit.

The OneCard has a unique long-term value proposition that sets it apart from other credit cards in the Indian market. If you’re looking for a durable, versatile card with low forex mark-up fees and fractional points, then the OneCard Credit Card could be the right option for you.

Bottom-line

MyCreditCardClub Rating: 4/5

The One Credit Card is an entry-level option with some interesting features. However, its low reward rate of 0.2% on regular purchases might not be appealing to all users. There’s potential value in the 5X rewards on the top two categories if you can maximize those benefits.

For those new to credit cards, other options such as the Flipkart Credit Card, Amazon Pay Credit Card, or OLA SBI Card may be more beneficial. These cards offer a higher reward rate of approximately 1.5% and superior service.

The main advantages of the One Credit Card are its Visa Signature platform, metal form factor, lifetime free benefits, and user-friendly app.

While the One Credit Card does have some noteworthy features, its low rewards rate could make other cards more attractive to potential users.

The card market has seen a surge of similar entry-level cards in recent years, leaving some longing for a super-premium credit card with innovative features. Always consider your spending habits and reward preferences when choosing a credit card.