OneCard Review – Life Time Free Credit Card in India

Best Reviewed OneCard Review – Life Time Free Credit Card in India
3.5 Total Score
OneCard Review – Life Time Free Credit Card in India
OneCard Review – Life Time Free Credit Card in India
  • Life Time Free Credit Card
  • Metal Credit Card
  • 1% markup Fees on foreign transactions
  • Complete Digital issuance
  • No documentation
  • Higher Credit Limits
  • Never expiring Reward Point
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OneCard Review, a life time free credit card in India with above average benefits and features. The OneCard is an entry level Credit Card with Metal finish launched by FPL Technologies (a new Fintech firm) in association with IDFC bank & Visa (Signature) network. The OneCard looks elegant due to its metal design and overall benefits especially the lower markup fees on Foreign Transactions.

Fees & Charges

The OneCard is free metal Credit Card with No Joining, No Annual Fees. The OneCard is offering the Foreign Transaction Markup fees of 1% which is lowest in Life Time Free (LTF) category of the Credit Cards offered by any banks in India. If you are doing frequent foreign transactions, this card is best suited for you. The overall Fees & charges on this card :

Joining FeeNil
Annual FeeNil
Markup Fee1%+GST
Interest Rate2.5%

Reward Rate

If you compare the OneCard with other Life Time Free Credit Card, you will find the reward rate offered by it  much rewarding. The overall average reward rate is approximately 1%, which is better than Citibank Reward card or SBI OLA Credit Card. 

Normal Reward Rate1 RP= Rs.50
Accelerated Rewards Point5X RP on top 2 categories
Reward Value10 Ps to Rs.1
Regular Reward Rate0.2% to 2%
Accelerated Reward rate1% to 10%

As like American Express Membership Reward Credit Card (MRCC), you can redeem the reward point against the statement credit. The reward point never expires. No reward point on loading the Wallet or transfer through Amazon Pay. Recently almost all the popular credit cards except MRCC are not rewarding on wallet loading.

Also Read – HDFC Regalia Credit Card Foreign Currency Markup Fee

How to Apply for OneCard Credit Card ?

The application process for OneCard is completely on invitation basis and not available offline. The entire process for issuance of the credit card is online. Applicants have to install OneScore android application that gives you free credit score of CBIL or Experian through App. Within the app they have an option to show interest for the OneCard. You get into waitlist and you will be informed when its available.

OneCard is currently available in 15 cities including Pune, Mumbai, Bangalore, Ahmedabad, Baroda, Surat & Delhi. Other cities maybe added soon.

OneCard Review

OneCard Review – Onboarding Experiences

The onboarding process for Credit Card is completely digital with no physical verification or asked for documents. The first credit card which is issued purely on your CIBIL score. In my case the Credit Card was issued to me within 15 days without any heist. Initially while applying it was showing a very high waiting list, suddenly within 20 days, I got notification on my app that my OneCard credit Card with credit limit of Rs 1,80,000 approved. Though my CIBIL score is more than 760.

Once getting the approval of Limit, you need to install the OneCard mobile application and digital card will be activated for online transactions. Physical card will be delivered after a week and status will be available on the application itself.

As far as my experience, the complete process is smooth and hassle free. Click to Apply for this Card.

Bottomline

Overall the experience of OneCard is satisfactory and will recommend for first time users. A life time free card with considerably good reward rate with accelerated points. In near future, this card will surely give the best returns on the transactions and value of money.

3.5 Total Score
1 reviews
OneCard Credit Card Review

A life time free Credit Card Offered by OneCard. The Credit Card is offering 2X reward on shopping along with lowest markup fees of 1%. A decent Credit Card to carry with.

3.5Expert Score
Annual Fees
5
Markup Fees
5
Reward Rate
2.5
8.3User's score
Annual Fees
10
Markup Fees
10
Reward Rate
5
PROS
  • Life Time Free Credit Card
  • Metal Credit Card
  • 1% markup Fees on foreign transactions
  • Complete Digital issuance
  • No documentation
  • Higher Credit Limits
  • Never expiring Reward Point
CONS
  • Reward Rate is average
  • Higher Credit Score Requirement
  • Higher Application waiting time
  • No Lounge Access
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1 Comment
  1. 4.15
    Annual Fees
    100
    Markup Fees
    100
    Reward Rate
    50

    Easy to get the Credit Card by OneCard. No documentation completely digital. Awesome !!!

    + PROS: Life Time Free Card
    - CONS: Reward Rate is not impressive. Offers are less
    Helpful(1) Unhelpful(0)You have already voted this

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