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BOBCARD / Federal Bank / SBM Bank (multi-issuer)
OneCard Credit Card
- Joining fee incl. GST
- Lifetime free
- Renewal fee incl. GST
- Lifetime free
- Conditional welcome value
- —
- Forex markup
- 1%
- Interest p.a.
- 45%
- Min income (salaried)
- ₹25,000/mo
How this card earns
Reward rates with their qualifying conditions and caps. Use the calculator for a combined estimate.
Calculation coverage is still under review for this card. A recorded benefit does not mean every condition has been included in the estimate.
What still needs confirmation
- OneCard has multiple bank issuers. Account-specific reward exclusions, fees and top-two merchant grouping cannot be certified from a single generic record.
| Spend category | Reward rate | Reward limit |
|---|---|---|
Selected merchants Only the qualifying merchants or payment route below 5X Reward Points on the cardholder's top two spend categories each month (auto-detected). Base earn = 1 RP per Rs.50 (0.2% at ~Rs.0.10/point); 5X => 5 RP per Rs.50 = ~1% value-back on the top-2 categories. 1 OneCard RP ~= Rs.0.10 per OneCard's own redemption examples. No category accelerator on offline spends beyond the top-2 logic. The published rewards explanation requires at least ₹750 in each of three categories; bonus is credited later. This is not unconditional 1% on ordinary spending. | 1% | Unverified |
| Other eligible purchases | 0.2% | — |
Excluded from ordinary earning: Fuel, Rent. Specific qualifying offers, if any, are listed above.
Rates apply only to the merchants and conditions described. Shared ceilings cannot be added across rows. Points and vouchers are valued at the stated redemption assumption; use the spending calculator for a combined estimate.
Fees & charges
Key benefits
- Nil joining and annual membership fees under the reviewed partner-bank offer
- 5X on the top two categories requires qualifying spending in at least three categories; see reward conditions.
- Foreign currency markup around 1% under the reviewed terms
- Reward points are credited instantly and never expire
- Instant issuance/redemption of points via app; no redemption fee or minimum threshold
- Full app-based card controls and real-time transaction notifications
- Up to 48 days interest-free period
- Partner-bank MITCs reviewed provide a fuel surcharge waiver capped at ₹400/month. Issuer-specific issuance/cancellation fees can still apply despite nil joining and annual membership fees.
What we like
- +Nil membership fees; card material and issuance terms depend on the partner bank
- +Low ~1% forex markup, strong for international/online USD spends
- +Flexible 5X on auto-selected top two categories each month
- +App controls and redemption; confirm partner-bank conditions
What to watch
- −Low base reward rate (~0.2%) and modest ~1% even on accelerated categories
- −OneCard publishes no lounge allowance and no milestone benefits
- −No fixed single issuer; terms can vary by partner bank
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