🕒 Last updated on: November 7, 2025
OneCard Credit Card: Personal Review
The OneCard Credit Card stands out as one of India’s most visually premium and striking metal credit cards. The appeal of a Lifetime Free card is undeniable, but the key question remains: Does its value extend beyond its stunning form factor?
My journey with the FD-backed OneCard began as a crucial step in building my credit history, giving me a unique perspective. In this detailed and honest review, I will break down the card’s true performance—including its fees, rewards structure, and practical benefits—to help you discover whether it is genuinely worth applying for in today’s competitive market.
Disclaimer: This blog may include affiliate links. They help support our work but don’t affect product rankings/reviews. Our recommendations are based on unbiased evaluations & personal experience.
OneCard Credit Card | Signup Benefits
Before the detailed review, here’s what the OneCard immediately offers new users:
Premium Metal, Zero Cost: Receive a 16-gram metal card that is Lifetime Free (LTF). Enjoy premium aesthetics with zero joining or annual fees.
Credit History Gateway: The FD-backed option allows immediate card access for beginners. It’s the simplest way to establish and build a high credit score.
Low 1% Forex Fee: Excellent for global spending. The 1% Foreign Exchange Mark-up is significantly lower than the industry standard (2.5%-3.5%), saving you money on all international transactions.
Complimentary Lifestyle Perks: Being a Visa Signature card, it grants access to valuable network benefits, such as a possible Complimentary Annual Times Prime Membership (at a nominal charge), which unlocks numerous discounts and subscriptions. Claim Times Prime Membership here.
OneCard Credit Card | #TheMetalCard
Key Features:
- Lifetime Free Premium Metal Credit Card
- Complimentary Times Prime Membership with Visa Signature
- Low Forex Fee: 1% + GST
- OneCard App for Card Management and Best UI Experience
- FD Based Credit Card for Beginners
- Around You Offers: 5% Cashback on Spends
- 5x Reward Points Multiplier
- Does not offer Airport/Railway Lounge Access.
- Never expiring reward points.
- OTP less transactions. Just swipe to pay to authorize payments.
- OneStore: One Destination for all your Recharge & Utilities, Gift Cards and Shopping needs.
- Spends Planner to set Budgets and track expenses by category.
- 1% Fuel Surcharge Waiver up to Rs 400/month.
OneCard App: Seamless Signup Process
The application process is entirely digital, making it a benchmark for new-age finance.
Download & Initial Check: Download the OneCard App and complete an initial eligibility check using your mobile number and PAN.
KYC and V-Card: Complete the video KYC or OTP-based authentication. If approved for the unsecured card, your Virtual Card is generated instantly and ready for online use.
FD Route (If Required): If you don’t meet the unsecured eligibility, you are immediately offered the FD-backed option, where you set up a Fixed Deposit to secure your limit.
Metal Card Delivery: The physical metal card is typically delivered within 3-5 working days, but you can start spending instantly with the virtual card.
OneCard Reward Points
The rewards structure is simple, transparent, but requires smart spending to maximise the value.
1. Base Rewards
1 Reward Point (RP) for every ₹50 spent on most retail purchases.
Value: 1 RP = ₹0.10. This translates to a base reward rate of only 0.2% (₹0.10 / ₹50).
2. The 5X Multiplier (The Real Game)
You earn 5X Reward Points on your Top Two spending categories of the month (excluding fuel, wallet, and rent payments).
But to enable the 5X Multiplier, spends of Rs 750 or more is required in the top 2 categories.
Effective Rate: On your top two categories, the reward rate jumps to 1% (5 RP / ₹50 = ₹0.50, which is 1% of ₹50).
3. Reward Points’ Features
Fractional Points: You earn fractional points (e.g., 3.5 points on a ₹175 spend), ensuring no rounding off and no loss of rewards.
No Expiry: OneCard Reward Points never expire.
Free Redemption: Zero fee for redeeming points against your outstanding statement balance.
Minimum RPs for Redemption: Minimum 500 Reward Points are required for statement credit but there is a trick to use entire RPs even if below the redemption criteria.
My Personal Hack: You can use any amount of RPs (even less than 500) as a discount on the Gift Card purchase. For example: If a Gift Card costs ₹100, you can use 350 RPs for a ₹35 discount and pay the remaining amount via the card. This ensures zero point wastage.
OneCard Credit Card: 
Pros & Cons
Pros:
- Truly Lifetime Free (LTF) with zero annual fees.
- FD-Backed Entry is perfect for credit beginners.
- Low 1% Forex Mark-up makes it one of the best LTF cards for international travel.
- Exceptional Mobile App with granular control and instant features.
- Instant Redemption against statement balance. Just swipe-to-redeem.
Cons:
- Low Base Reward Rate (0.2%) on all non-top-two spending categories.
- No Complimentary Lounge Access (Domestic or International).
- High Card Replacement Fee (Around ₹3,000 for the metal card).
- Interest rate on outstanding dues is high (typical of most cards, but still a con).
- 5X benefit requires spending in at least 3 unique categories to be activated.
Frequently Asked Questions (FAQs)
Yes, it has absolutely zero joining fees and zero annual fees for life.
No. As an entry-level LTF card, OneCard does not offer complimentary domestic or international airport lounge access.
1 Reward Point is equal to ₹0.10 when redeemed against your statement balance.
Yes, if you have a high credit score (typically 750+) and meet the income/eligibility criteria, you can get the unsecured card.
The minimum FD amount required to get the secured card generally starts at ₹2,000 (though a higher FD may be needed to get the metal card).
Generally, first time Card Replacement is free if you opt for a plastic card as a replacement. Otherwise, a replacement fee of Rs 3,000 applies on choosing the Metal Card.
However, subsequent replacements even for a plastic card incur a replacement charge of around Rs 145.
Conclusion: Is OneCard Worth it?
The OneCard Credit Card is a complex product that is more than just a piece of metal.
– Verdict for Beginners (0-2 years credit history):
Yes, Absolutely. The FD-backed option is a hassle-free, secure, and smart way to build a flawless credit score while simultaneously getting a premium-looking, LTF card with low international fees.
– Verdict for Experienced Users (5+ years credit history):
Maybe. If you already have a high-reward card, the OneCard’s low base reward rate (0.2%) is a drawback. However, being LTF it can be an excellent backup card for its 1% Forex fee and its superior app control/security features.
It perfectly serves its niche as the ultimate credit launchpad draped in a premium aesthetic. It was instrumental in my credit journey, and for anyone starting out, it remains a highly recommended choice.
We hope you liked our detailed blog post on OneCard Credit Card. The OneCard was not just my credit score builder; its in-app ‘Swipe-to-Pay’ authentication proved a genuine lifesaver for online purchases during my recent International Trip, securely bypassing OTP issues.
If you are considering signing up for OneCard then you may use our referral code SAURAB1871 while signing up read this OneCard Referral Blog for better insights.
If you were looking for more of a Cashback Credit Card for your Online Shopping Needs then you must read this post: 4 Best Co-branded Credit Cards in India.
Keep Spending! Keep Saving!
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