Home / FPL Technologies / OneCard (Plastic)
Card Image

OneCard (Plastic)

FPL Technologies |
Entry Level Lifetime Free Rewards Student Travel

Annual Fee

FREE

Rewards/₹100 ⓘ

₹0.20 - ₹1.00

Normalized to balance base rate with bonus categories

Interest Rate

36.00%

Credit Score

750+

At a Glance

Key Benefits

5X rewards on top 2 categories, 1% forex markup, lifetime free, instant virtual card

Lounge Access

No lounge access included

Eligibility

Age: 18-60 years, CIBIL: 750+ (or FD-backed option available), Indian resident

Quick Details

Annual Fee
FREE #1
Joining Fee
FREE #1
Interest Rate
36.00% p.a. #45
Forex Markup
1.00% #14
Rewards/₹100
₹0.20 - ₹1.00 #190
Reward Type Reward Points
Reward Currency Points
Min Credit Score
750+ #186
Min Monthly Income ₹NaN
Network VISA
Card Replacement Fee 145
Late Payment Fee ₹100 2.50%
Over Limit Fee ₹500
Cash Advance Fee ₹300 2.50% (min ₹300)
Card Replacement Fee ₹145

Reward Structure

Base

All Spends

₹0.20 /₹100
Cat

Top 2 Spending Categories (Auto-detected monthly)

₹1.00 /₹100

Reward Calculator

₹
Allocate by Category 100%
Top 2 Spending Categories (Auto-detected monthly)
10.0 pts
60% ₹0
Other Spends
2.0 pts
40% ₹0
Your Rewards
Points Earned 0
Cash Value ₹0
Breakdown
Quick amounts:

Milestone Benefits

Welcome Bonus

Instant virtual card activation for immediate use

Spend ₹1

₹0

value

Lifestyle Perks

Other

1

Instant reward points redemption via app without any fees

Other

1

Subscription tracking and management within the OneCard app

Other

1

MyFamily feature: Share credit limit with up to 5 family members

Other

1 /month

Periodic offers and discounts on brands like Amazon, Flipkart, DMart (10% off)

Quick Analysis

OneCard (Plastic) is an excellent entry-level lifetime free credit card perfect for credit beginners and millennials. While it lacks premium perks like lounge access, its 1% forex markup and 5X category rewards make it valuable for everyday spends and international travel. The fully digital experience and FD-backed option make it accessible to first-time cardholders.

Pros

  • Lifetime free with zero joining and annual fees
  • Industry-lowest 1% forex markup fee
  • 5X rewards on top 2 spending categories
  • Fractional reward points on all spends
  • Fully app-based with instant virtual card
  • No reward points expiry or redemption fees
  • FD-backed option for credit beginners
  • MyFamily feature for up to 5 add-on cards
  • Excellent app control and transaction tracking

Cons

  • Low base reward rate of only 0.2%
  • No airport lounge access benefits
  • No travel or insurance coverages
  • 5X rewards require minimum 3 categories spending
  • High interest rate of 36% per annum
  • Rs 3000 early closure fee within 6 months
  • Limited customer support availability
  • Lower credit limits compared to premium cards

Best For

Credit beginners, students, frequent international travelers on budget

Not Ideal For

Those seeking high rewards, lounge access, or premium benefits

Frequently Asked Questions

Is OneCard really lifetime free?
Yes, OneCard is 100% lifetime free with zero joining fee and zero annual fee. There are no hidden charges for card maintenance.
What is the difference between metal and plastic OneCard?
The plastic card is issued for FD amounts below Rs 50,000 or credit limits typically below Rs 20,000. The metal card requires FD of Rs 50,000+ or higher credit limits. Both variants have identical features and benefits.
How does the 5X rewards program work?
OneCard automatically tracks your spending across all categories each month. You earn 5X reward points (5 points per Rs 50 spent) on your top 2 spending categories. To be eligible, you must spend at least Rs 750 across 3 different categories per month.
Can I get OneCard without a credit history?
Yes, OneCard offers FD-backed secured credit cards. You can create a fixed deposit starting from Rs 5,000 with partner banks (SBM Bank, Federal Bank, etc.) and get a credit card with a limit based on your FD amount.
What is the forex markup on international transactions?
OneCard charges only 1% + GST (18%) forex markup, which is the lowest in the Indian credit card industry. Most other cards charge 3.5% forex markup.
How do I redeem reward points?
Reward points can be instantly redeemed through the OneCard app for statement credit or to pay against purchases. There is no minimum threshold, no redemption fees, and points never expire.
What is the interest rate if I miss payment?
The interest rate ranges from 2.5% to 3.5% per month (30% to 42% per annum) on unpaid balances. Late payment fees range from Rs 100 to Rs 1,300 based on outstanding amount.
Does OneCard offer airport lounge access?
No, as an entry-level lifetime free card, OneCard does not provide complimentary domestic or international airport lounge access.

User Reviews

Our Rating

3.8
APPLY NOW

on FPL Technologies's website

Rating Breakdown

Rewards
3.3/5 Top 57%
Benefits
3.4/5 Top 24%
Fees
5.0/5 Top 8%
Value for Money
3.8/5 Top 21%
User Reviews
3.0/5 Top 50%

Important Links

Ready to Apply for OneCard (Plastic)?

Get started with your application today and enjoy premium benefits, rewards, and exclusive privileges.

Apply Now
APPLY NOW

Compare Cards

0 of 4 cards selected

No cards selected

Add cards to compare their features, fees, and rewards side by side.

Select at least 2 cards to compare