OneCard Credit Card
OneCard is India's most design-forward metal credit card — issued via app in 48 hours, built on a ₹0 annual fee structure. It awards 5X reward points on your qualifying spend categories each billing cycle. Since a 2025 revision, unlocking the 5X requires spreading spend across at least three categories, and 5X points are subject to an overall monthly cap.
Key features
What this card is built to do — the highlights that actually matter.
1% on Online Shopping
5X on qualifying categories (effective ~1%), since 2025 requiring spend across 3+ categories, with a monthly 5X points cap; 1X base on all
0.2% on Other
1X reward points on all spends (1 pt per ₹50 = 0.2% eff at 10p/pt)
Lifetime Free
No annual fee — ever. Keep this card long-term without any recurring cost.
Fuel Surcharge Waiver
1% waiver on fuel transactions, capped at ₹400/month
UPI Linked
Link to PhonePe, GPay or Paytm and earn credit card rewards on UPI payments
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Online Shopping | reward points | 1% | — |
| Other | reward points | 0.2% | — |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | Lifetime free |
| Joining fee (incl. 18% GST) | Free |
| Finance charge (APR) | 3.75% p.m. |
| Forex markup | 1% |
| Fuel surcharge waiver | 1%, cap ₹400 |
Should you get it?
Best for: Tech-savvy professional who wants smart adaptive rewards, Metal card aspirant without bank relationship requirements, App-first financial lifestyle — manages everything on phone, ₹30K–80K salary, wants premium card feel at zero cost
Mid tier — a solid all-rounder for steady monthly spend.
Strongest value if you spend heavily on Online Shopping ( 1% back).
✓ Pros
- Dynamic 5X rewards on qualifying spend categories — intelligently adapts to your actual spending without manual selection
- Metal card from an app — premium feel, instant digital issuance, no bank branch visit required
- Zero annual fee despite the metal premium — no trade-off between aesthetics and economics
- Clean app experience with real-time spend tracking and category insights
✕ Cons
- Disputes and support run through the app, not a branch network — slower resolution than a major bank
- No lounge access at any tier
- 5X requires spending across 3+ categories each cycle and carries a monthly points cap
Eligibility & documents
Age
18 –60 years
Min. income
₹30,000 /mo
How to redeem rewards
Ways to convert what you earn into real value.
🎁 Redeem reward points instantly in the OneCard app by swiping right (1 point = ₹0.10)
🎁 Points never expire as long as the card is active
What your BOB Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Statement credit BEST Standard redemption
Gift voucher catalogue BEST Brand & e-gift vouchers
The concern The 5X now requires spreading spend across 3+ categories and carries a monthly points cap, and support runs through the app rather than a branch network, so dispute resolution is slower than a major bank's — design excellence, operational adequacy.
The bottom line
OneCard pairs sleek digital management and a zero-fee metal form factor with a smart, automated category rewards mechanism that adjusts to your highest spend areas without requiring manual monthly registrations. While the three-category threshold and monthly bonus caps introduced in 2025 narrow its earning potential, it remains one of the most polished entry-level cards available.
Sources & verification
Fees, reward rates, and benefits for the OneCard Credit Card are taken from BOBCARD 's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page . Last verified 8 Aug 2026 . Reviewed by Devchandra Sah . Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for BOBCARD . All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2020 · 3 changes · last change Jan 2025
▲ Revaluation ▼ Devaluation ◆ Neutral / reversed
2025 1 change — 1 cut
▼ Reward Effective 6 Jan 2025
5X now requires spending across three categories
5X applied to top-2 categories on any qualifying spend → 5X applies only if you spend at least ₹750 in each of three or more categories in the month
OneCard tightened the OneRewards 5X rule: the elevated rate on your top two categories now unlocks only when you spend a minimum of ₹750 in at least three different categories within the calendar month. Education, Bills & Utilities and Insurance 5X remain subject to a 25,000-points/month ceiling. A modest trim to an already-thin base earn.
Verification: OneCard ↗ · Confidence: Reconstructed
2021 1 change — 1 neutral
◆ Benefit Effective 24 Nov 2021
BOB Financial joins as an issuing partner
BOB Financial Solutions (a Bank of Baroda subsidiary) partnered with OneCard to issue the co-branded mobile-first metal card, keeping the same lifetime-free, instant-virtual-issuance, 1% forex proposition. OneCard is app-routed across several issuing banks; BOB is the partner our catalogue records for this entry.
Verification: CardAdvisor Research · Confidence: High
2020 1 change — 1 neutral
◆ Launch Effective Jun 2020
OneCard launched as a mobile-first metal card
FPL Technologies launched OneCard — a Visa Signature metal credit card issued and managed entirely through an app, with lifetime validity and zero joining/annual fee. The OneRewards engine paid 5X points on the top two spend categories each month (base 1 point per ₹50), redeemable instantly in-app with no redemption fee, and a 1% forex markup.
Verification: CardAdvisor Research · Confidence: High
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
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Source: OneCard Credit Card value timeline — CardAdvisor
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Source: OneCard Credit Card value timeline , CardAdvisor (CC BY 4.0).
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Quick summary
Type Mid credit card
Reward rate 0.2%–1%
Best for Tech-savvy professional who wants smart adaptive rewards
Joining fee Free
Annual fee Lifetime free
Reviewed by
Devchandra Sah · Cards tested, miles earned, trips booked — for over a decade
Last verified 8 Aug 2026
How we research →
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Points valuations
What each point is really worth
Latest card changes
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Market insights
The Indian card landscape
Card data study 2026
280 cards analysed — August 2026
Frequently asked questions
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