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OneCard Credit Card Review and Hands-on experience

OneCard Credit Card

OneCard is a new credit card launched by FPL Technologies (a new age fintech) in collaboration with IDFC First Bank. The USP of OneCard is its metal form factor. This card features a minimalist design thus looks very premium and upmarket.

However, let me put it upfront, OneCard credit card though looks very upmarket and has a premium feel, but it is an entry-level credit card. Thus, this card will not interest someone interested in the points and miles game, free lounge access or upgrades. OneCard credit card targets users, who are looking for a credit card with good user experience and simple reward redemption options.

Let’s dive into details of the card, right from how to get the OneCard credit card to user experience.

OneCard Credit Card

Fees and Eligibility:

  • Zero joining fee and annual fees i.e. Lifetime free credit card

Rewards and Benefit:

  • Joining and recurring benefits:
    • None
    • Off late, the company is offering 5000 reward points as joining bonus. i.e ~INR 1000.
  • Reward Points:
    • 1 Reward points on every INR50 spent. 1 Reward point = 0.10 paisa (0.2% reward rate) on statement credit. Reward points on all transactions including utilities and fuel, however, no reward points for wallet load.
    • Accelerated Reward Points:
      • 5x reward points on Top 2 spends categories every month. (1% reward rate)
    • Other features
      • Never expiring points
      • Reward points even on fractional spends
      • In-app, on the go redemptions
      • Forex markup of 1%

How to get OneCard Credit Card?

You need to install OneScore app and join the waitlist. They have gamified the waitlist i.e. you get tokens on referring friends, adding your details such as PAN, bank account statements etc. These tokens can then be used to jump up the waitlist or directly get the card, based on a lucky draw sort of thing. While the waitlist concept is quite interesting, it’s a way to create hype and I would say OneCard has succeeded quite a bit in it.

What I understand is they won’t reject any application ever. That is if your credit score is below their threshold, you remain on the waitlist. Once your credit score improves, your card will be approved.

OneCard Approved Image

I enrolled in the waitlist even before I pulled my CIBIL in the app and frankly, my waitlist didn’t move at all for weeks. However, once I pulled my CIBIL score, just within a couple of days I got the OneCard invite directly, even though I was well above 10K in the waitlist. Maybe my score played some role here.

Tip: Even you don’t want to apply for the OneCard credit card, download the OneScore app. It gives you credit reports from Experian and CIBIL for free every month.

OneCard Credit Card: Onboarding Experience

To be honest, this is where OneCard credit card excels. The onboarding experience was seamless. Once I had the invite, I just filled in some basic details and clicked a selfie, that’s it and my card was ready. However, I don’t understand why they need my bank account number for a credit card application?

The virtual OneCard credit card was ready to use within minutes and the physical metal arrived a couple of days later.

I had recently applied for Amex Platinum Travel credit card, which involved sending my documents via email and SBI Simply Save, which also involved sharing my documents via WhatsApp. However, for OneCard, I didn’t share even a single document. That’s quite awesome, I would say.

Further, I believe that OneCard does a soft pull on CIBIL (i.e. it doesn’t impact the credit score) as they anyways have your latest CIBIL report. The reason I say so whenever there is an enquiry on my CIBIL account, I get a notification from them. However, this time I didn’t get any notification. I will confirm this in a couple of weeks when I get my latest CIBIL report.

My experience using OneCard

The card is heavy compared to other plastic cards and it does feel premium to hold. I did a couple of transaction on the card; just to experience the app. Transactions reflected instantly in the app along with the number of points for each transaction. One of the cool thing in the app is it tells the spend category against each transaction. Thus, it helps in planning for the 5x rewards.

Should you get this card?

Well, on the positive side, the onboarding is seamless and OneCard app is intuitive and very easy to use. Knowing how many reward points you earned against each transaction is certainly a plus. Further, the in-app rewards redemption appears promising, though I haven’t used it yet.

On the negative side, the default reward rate (just 0.2%) seems way to low, probably the lowest in the industry.  To be honest, as of now no real benefits of holding the card apart from showing off a metal card to your friends.

So should you apply for this card? To be honest, this card has more of a novelty factor rather than a utility factor at the moment. I applied for this card for 3 reasons, lifetime free, metal form factor, and lastly hoping that once this card gains scale one may expect good partner offers/redemption options.

Have to got the OneCard credit card or are in the waitlist? Please do share your experience in the comments below.


  1. Dheer Khemani

    I had just downloaded the app on my phone since new applications were on hold I didn’t get any chance to wait
    After a week or two I was directly invited without being added in the waitlist
    And within 10 mins the application was approved maybe because my CIBIL score was great

    • Sumit Adhikari

      Very bad service I had applied one card ,got a message approved reservation no 3LXV4JMPAO but no information about this

  2. Arunkumar

    Hi Arunkumar

  3. Chaitanya

    Hey, loved the article! I wanted to know if you give me any information on credit card for students?

  4. Jay Kamat

    To be honest, this card has more of a novelty factor rather than a utility factor at the moment.
    I loved and totally agree to this opinion of yours, Harsh.


    I had downloaded the Onescore App in June to see the kind of check they do with Experian. (Wait list had ended by then) That was soft check. My score was 824. I deleted the App after checking the score because I don’t need it as I’ve one year Cibil subscription. The next evening I got a message from OneCard that my card had been approved. I installed OneScore App completed the process and the OneCard is active. The moment I entered my PAN in OneCard App (while applying for the card after getting invite), there was a hit done by IDFC First Bank on my Cibil. This is hard check.

    • Comment by post author

      Harshvardhan Agrawal


      In my case, there was no hard check. Given that my CIBIL report got refreshed just a couple of days back, there is no enquiry in the month of August.
      So maybe since, OneScore app didnt fetch your CIBIL score, they did a hard check on you. In my case, since they fetched my report and thus obviously know my credit score they didnt perform a hard check.

  6. Jihad AJ

    Is applying for all these lifetime free cards a bad idea? Would it have any impact on the credit score?

    • Comment by post author

      Harshvardhan Agrawal

      Not at all. Infact these cards increase your available limit with credit bureaus. So lets just say someone has only one card with 2lakh limit and the person uses 1.5lakh every month, limit utilisation will be 75%.
      On the other hand, if the same person has 1 card with 2L limit and say 2 more LTF cards, with 2L limit each. Even if these cards are not used frequently, the limit utilisation will be only 25% . This helps the credit score.

  7. Kailash Kumar

    Hi i have a good cibil score but den to i m in wait list should i wait for approval or not

  8. My OneCard is approved without any bank details. Only Selfie and RAN number (Without aadhar number) but I’m from Tier3 city of west bengal.

    Got a call from OneCard, I told them Problem. They send me Address Change form. I filled and send through email. after 15days I was able to get virtual card within a minutes. and Got Physical card within 3days.

    My expriance-
    CIBIL hard Enquiry- NO
    Account Added to CIBIL- NO (Big Issue)
    Card Looking Primium for showups- YES
    Reward Rate- VERY BAD

  9. Gagandeep Singh

    Hi Harshvardhan, a different question. How do you keep your cards. I am in search of good card holders but couldn’t get a satisfactory case.

    • Comment by post author

      Harshvardhan Agrawal

      I am using an old visiting card plastic box to keep my cards. I keep 2-3 cards in my wallet. Those are my primary cards. Others I just keep them in a plastic box.

  10. Ghewar

    There is many serious issue-
    1-Too much card transaction decline,even inr 2000-usd 20 saying we were not expecting.
    2- If limit available then also they are rejecting card, and when we contact they will force us to pay remaining payment before due date.
    3- There is no 24X7 customer care so called…

  11. Kersasp Lawyer

    I have applied since 30th May’ 21. Since that day the app states that We Have Reserved Your Card. My CIBIL score was also good. Sent email to them but they keep repeating same thing that “We are currently moderating the issuance of cards at the moment. Once you reserve your card, you will be notified in the app as soon as we are ready to issue it”.
    Any other card would have come within 7 days.

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