CardAgent
Verified by CardAgent admin · last checked 08 Jul 2026
OneCard (FPL)

OneCard Metal Credit Card

26
Ranked #126 of 170 in credit
creditVisa SignatureEntry-Fintech

India's best-known lifetime-free metal credit card, issued via FPL Technologies in partnership with 6-7 banks, offering a slick mobile-first experience and genuinely fee-free ownership — but with a real reward rate considerably more modest (effective ~0.2-1%) than commonly cited online.

Score breakdown

Data completeness: 85% · Last verified: 09 Jul 2026

Reward value8/100 · weight 71%
≈ 0.41% effective on the standard basket (eligible spend only)
Wide-coverage rewards: +2.5% score bonus — earns broadly without narrow category restrictions.
No rewards on: fuel. Reward score is scaled by ×(1 − 0.7%), proportional to how much of the standard basket falls in these excluded categories (v4 formula, capped at −5%). Tip: pair with a card that covers these.
Fee efficiency100/100 · weight 12%
Redemption flexibility75/100 · weight 9%
Perks15/100 · weight 9%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee
—
Annual fee
Lifetime free
Waiver: Genuinely lifetime free, no conditions
Forex markup
1%

Lounge access

Domestic (per year)
0
International (per year)
0

Reward structure

CategoryTypeRateCapNotes
online_spendspoints1.25%(5 pts @ ₹0.25)—5X on top 2 categories
all_spendspoints0.10%(1 pts @ ₹0.10)—5X on top-2 monthly spend categories (app auto-detects) = ~1% effective at Rs0.10/pt
all_spendspoints0.02%(0.2 pts @ ₹0.10)—Base rate on all other spends = ~0.2% effective

No rewards on

These categories earn zero rewards on this card. Reward score is scaled down by up to −5%, proportional to how much of the standard basket sits in the excluded categories (v4.3 formula).

fuelrentwallet loadcash withdrawalmoney transfer

Welcome offer

None specified beyond ongoing reward structure

Milestone benefits

Pros

  • Genuinely lifetime free with a premium 16g metal build
  • fully digital <5-minute onboarding
  • best-in-class app with granular spend controls
  • low 1% forex markup
  • instant fractional reward-point crediting with zero redemption fee/minimum
  • FD-backed variant available for credit-building

Cons

  • No lounge access (per majority of sources)
  • modest real reward rate — effective ~1% on top-2 categories and just ~0.2% base (NOT the "1 RP=Rs1" figure some aggregators incorrectly cite)
  • no complimentary insurance
  • issued via multiple partner banks (Federal Bank, SBM, South Indian Bank, BOBCARD, CSB, Indian Bank, IDFC First) which can create some inconsistency in exact terms depending on issuer

What's inside

More benefits

  • Metal Form Factor

    High-quality metal card with no joining or annual fees.

  • Around You Offers

    Merchant-specific valueback at nearby stores via the app.

  • Low Forex Markup

    1% markup on international transactions.

  • App-based spend controls

    Granular per-transaction, daily, monthly limit controls via OneCard app

    unlimited.

Insurance cover

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₹NaN

Eligibility

text
Age 18-60 (metal card requires 750+ credit score); FD-backed variant available for those without qualifying score/income, in 100+ cities; metal card available in 67 cities

Small print

Fuel surcharge:Fuel earns zero rewards; no dedicated surcharge waiver highlighted