OneCard Credit Card
SBM Bank India / FPL Technologies · Visa
Why this card?
- 0.2% back in reward points on eligible spends
- Lifetime free — no joining or annual fee
- 1% forex markup and 1% fuel surcharge waiver
Card details
- Issuer
- SBM Bank India / FPL Technologies
- Network
- Visa
- Annual Fee
- Lifetime Free
- Joining Fee
- None
- Reward Type
- points
- Best Reward Rate
- 0.2% on all eligible spends
- Forex Markup
- 1%
- Domestic Lounge
- None
- Min. Monthly Income
- ₹25,000
- Rates verified
- 2026-10-06
Our verdict
OneCard is a strong lifetime-free metal card in India: it charges no annual fee as long as you stay within your limit and pay the full outstanding by the due date, and it has a 1% forex markup. Its 5X points (about 1% back) apply to your top 2 spend categories each month, picked automatically, but only if you spend at least ₹750 in each of 3 categories that month. The tradeoff is that everything else earns 1X, about 0.2% back, and fuel and transfers earn nothing.
Pros
- 5X points (about 1% back) automatically on top 2 spend categories each month — no manual selection
- Metal card with no annual fee if you stay within your limit and pay in full — rare combination
- 1% forex markup — excellent for international use at zero annual cost
- Fuel surcharge waiver included
Cons
- Only 1X (about 0.2% back) on everything outside the top 2 categories, and none on fuel or transfers
- The 5X needs at least ₹750 spend in each of 3 categories in the month
- No lounge access despite being a premium-looking metal card
- Issued through partner banks such as Federal Bank — fewer bank touchpoints than HDFC or ICICI