OneCard Credit Card Details, Benefits & Charges

OneCard Credit Card

OneCard Credit Card

OneCard is a metallic credit card suitable for individuals who are new to credit cards and are looking for a card with basic features. Though most metallic credit cards have high annual fees and super-premium benefits, OneCard is an entry-level credit card with regular features. The card offers 5x reward points on the top 2 spend categories. Besides, it is a lifetime free credit card with zero joining or annual fee.

Should you get this card?

You should get OneCard if you are looking for an entry-level credit card that is free of cost and offers basic rewards. It should be noted that there are no lucrative features and benefits associated with this credit card. You will 5x reward points on the top two categories, where you have used your card the most. As it gives 1 reward point per Rs. 50 spent, therewards rate is quite low. Also, if you are really thrilled with the idea of having a metallic credit card with zero fees, you may consider getting this card. Otherwise, there are pretty good entry-level cards like Flipkart Axis Credit Card or Amazon Pay Credit Card with which you can get much better benefits and features.

How to Apply for OneCard

Earlier, the OneCard aspirants had to enrol on the Waitlist and then refer the card to other people to improve the chances of approval. However, this procedure has now been changed. 

Here is how you can apply:

  • Step 1: Download the OneScore app
  • Step 2: Fetch your CIBIL Score and Experian Credit Score
  • Step 3: Now, you can apply for OneCard by clicking on the “Get OneCard” button
  • Step 4: Confirm your PAN, Name and DOB
  • Step 5: Confirm your current address
  • Step 6: Upload your income proof and then click on the ‘Continue’ button

Fees & Charges Of OneCard

  • Joining Fee : Nil
  • Annual Fee : Nil
  • Markup Fee : 1%+GST
  • Interest Rate : 2.5%

Some FAQ's About OneCard

Is this a contactless card?

Yes, the OneCard is a contactless card. It means you can tap your card at a terminal to pay for transactions up to Rs. 5,000 without having to input the PIN. Currently this limit is applicable only in India and on those terminals which accept contactless payments.

What is a virtual credit card?

In addition to your metal OneCard, there is a virtual rendition of the same card available for you in the OneCard App. This card is also a VISA powered credit card so you can use it for any online or app-based transactions or purchases. The security parameters are set as per industry standards.

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