OneCard Review – The Free Metal Credit Card in India

There are entry-level cards with Zero joining fee and then there are super premium cards with high joining fee that comes with a metal form factor.

What if you mix up both segments and issue a free card? That’s OneCard. Here’s everything you need to know about the OneCard metal credit card:


TypeEntry-level Credit Card
Reward Rate0.2% to 2%
Annual FeeNil
Best forLow Markup Fee
USPMetal form factor

Onecard is useful for those who want to experience the metal form factor and the low markup fee, both of which are possible only on super premium credit cards.

Speaking of rewards, regular reward rate is too low but they come up with targeted offers every once in a while that certainly helps to an extent.

What is OneCard?

OneCard is an entry-level credit card launched by FPL Technologies that works on IDFC bank platform through Visa (Signature) network.

While it boasts about a metal form factor like the Amex Platinum or Centurion its like giving you a Maruti 800 that “looks” like an Audi on the outside.

Its a hyped product in a way, but still if your plan is to show off the metal, its still a good choice for that matter.

Fees & Charges

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

Its good to see the low markup fee, which is better than most credit cards but remember the rewards aren’t good enough for it to compete with super premium cards.

As you see, its ideally a lifetime free credit card without any joining or renewal fee. That’s good given that its coming in metal variant.


Regular Rewards1 RP/ Rs.50
Accelerated Rewards5X RP on top 2 categories
Point Value10 Ps to Rs.1
Regular Reward rate0.2% to 2%
Accelerated Reward rate1% to 10%

So as you see, the regular reward rate varies anywhere between 0.2% to 2% and in case you get 5X then your reward rate could be anywhere between 1% to 10%

While those are the numbers in theory, in practical, the reward rate is 0.2% to 1% for instant redemption for statement credit.

onecard rewards

Note: As tested by one of the user, you don’t get reward points for wallet load and transfers. Amazon pay load shows as transfer.


  • Form Factor: Metal Card
  • Visa Signature Privileges (lounge privileges not confirmed yet)
  • Points are issued INSTANTLY
  • Points that never expire
  • Fractional reward points

How to Apply?

Prior to the launch of OneCard, the company launched the OneScore that gives you free credit score & report (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.

  • Update: They’ve stopped taking new users. You may get an option to opt-in after sometime.
onescore onecard app waitlist

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

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