OneCard Review 2024: Features, Benefits & Rewards (2024)

FAQs

What are the benefits of the OneCard? ›

The OneCard offers one reward point for every INR 50 spent on purchases across select categories. Reward points can be increased by five times on purchases under top-two categories and redeemed at zero cost. Plus, the joining and annual fees are waived for users using OneCard credit cards.

Yes, OneCard Credit Card is suitable for people who are new to credit. You can apply for this credit card and start building your credit score by using it efficiently. In order to build your credit score, make sure you make your payments timely and maintain your credit utilization ratio (preferably below 30%).

Rewards credit cards offer you some type of "reward"—typically cash back, points, or travel miles—for every dollar you spend, sometimes up to certain limits. Depending on the card, you can then use your rewards in a variety of ways.

One Credit Card often approves applications in a day, allowing users to start spending using their virtual card, while the physical card may take up to 4-5 days to reach your place of residence.

Just like a debit card, you can use your credit card to withdraw cash at an ATM. But you will need your credit card PIN, and it may incur an interest rate and transaction charges.

Categories

It divides your spending into categories like shopping, food, fuel, etc so you don't overrule your budget. Did you know that OneCard also rewards you for spending in any three categories? You can earn 5x rewards on the top two spend categories.

One Card - Premium Metal Card - SBM Bank India Ltd.

The minimum age of the applicant must be 18 years to apply for the One Card Credit Card. Salaried and Self-Employed Individuals can apply for this credit card. You must have a stable income. Your CIBIL Score must be 750 or above.

Onecard is Countdown's loyalty programme that gives customers the opportunity to earn discounts on selected products and bonus rewards in the way of food points or fuel discounts – all by simply using a registered Onecard online or in-store.

Cons. Annual fees and interest charged on debt can be higher than cards not offering reward programs. Not all spending on the card is eligible for point collection.

Where can I use a rewards card? ›

Rewards cards may have a higher APR than non-rewards cards. You can avoid accruing interest on your purchases if you pay off your balance in full each month. But once you start carrying a balance, the revolved balance and new purchases could accrue interest daily.

The credit limit of your card will be 110% of your FD amount, and the interest rate is 6.5% per annum*. The FD is safe as it is with SBM, an RBI approved bank. Once you start using the OneCard and keep paying your dues on time every month - your score will start improving.

One card credit is good and it gives good reward points for shopping, gift card purchase and fuel transactions.

Standard Chartered Platinum Rewards Card

This is the best-suited credit card for salaried people (Government or private). There are no annual fees or joining fees if you want to apply for this credit card.

With the unique OneCard features, you have multiple ways to save money. You earn reward points on every swipe, with no expiration date. By spending on top two spending categories each month, you can unlock 5X reward points. groceries, dining, travel—the choice is yours.

One will report your on-time payment every month to each of the three major credit bureaus. You will be able to build credit and track your score all within the app.

UGACard: Student ID Card

The OneCard is your key to accessing many facilities and services throughout campus. The OneCard is non-transferrable and can only be used by the student to whom it is issued. Misuse of the OneCard may result in disciplinary action by University Judiciary.