Annual fee₹0for life
Forex markup1%
Interest3.75%a month
NetworkVisa
You earn
Perks & rules
What changed
15 Jul 2026Bills and utilities stopped earning points and 5X
30 May 2026Wallet/bank transfers above ₹10,000 a month now cost 2% (was 1%)
Worth it?
We can't estimate this card yet.OneCard doesn't state a ₹ value per point.
All the fine printEvery detail from the bank's documents, in one place
How you earn
Rewards asReward points
Base rate1 point per ₹50 (fractional points below ₹50)
Higher rates
- Your top 2 categories: 5X on your top 2 spend categories each month, if you spend ₹750+ in each of at least 3 categories
Limits
- Education, bills & utilities, insurance: 5X bonus only while total points from these stay under 25,000
Doesn't earn on
- Money transfers, rent, fuel, cash withdrawals, wallet loads; merchant EMIs
- Bills and utilities
Where it landsBase points as you spend; 5X bonus on the 10th of the next month
What a point is worth
ValueNot stated in the documents read
ExpiryNever, unless the card is unused for 365 days
Redemption feeNil
Welcome benefit
WelcomeNone stated
Milestones
MilestonesNone stated
Airport lounges
DomesticNone stated
InternationalNone stated
Fuel
Fuel1% surcharge waiver, up to ₹400 a calendar month; no points on fuel
Spending abroad
Forex markup1% markup + GST, also on INR payments to overseas merchants
Fees
Joining feeNil
Annual feeNil
Fee waiverNot needed: no fee. ₹3,000 if you cancel the metal card within 6 months
If you pay late
Late fee₹0 up to ₹250 due; ₹250 / ₹500 / ₹1,000 / ₹1,250 for ₹251–1,000 / 1,001–5,000 / 5,001–25,000 / 25,001+
Interest3.75% a month (45% a year)
Cash withdrawalNo withdrawal fee (NA); interest from the day of withdrawal
Who can apply
AgeNot stated in the documents read
SalariedNot stated in the documents read
Self-employedNot stated in the documents read
More perks
Perks
- Pay with points: swipe right on any transaction under 2 months old
Sources
Everything on this page comes from these bank documents. Tap any box above for the full wording.
- OneCard website Product page · 2 Oct 2026
- Federal Bank One co-branded card MITC (w.e.f. 30 Apr 2026) Fee schedule · 30 Apr 2026
- Federal Bank One co-branded card T&C Card T&C · 2 Oct 2026
- Federal Bank One co-branded card Key Fact Statement Fee schedule · 2 Oct 2026
Card image: OneCard's own website.
