Federal Bank

OneCard (One Credit Card)

1 reward point per ₹50 spent (fractions count), and 5 times the points in your top 2 spend categories each month if you spend at least ₹750 in each of 3 categories. Points never expire while the card is used at least once a year and can pay off recent purchases in the app with no fee. The bank doesn't publish what a point is worth in rupees. No points on fuel, rent, wallet loads, money transfers, cash, merchant EMIs, or bills and utilities.

Lifetime free
Visa

View on OneCard siteIssuer's site. We don't earn from this card.

Good

Lifetime free: no joining or annual fee
Low forex markup (1%)
No income proof needed: issued against a fixed deposit
Open to self-employed applicants

Watch out for

Earns nothing on fuel, rent, wallet loads and utility bills
The bank doesn't publish what a reward point is worth
Can't be used on UPI (not a RuPay card)

Who it's for: Anyone who wants a no-fee card for everyday spends.
Skip it if: You mainly pay by UPI.

Worked out from the bank's published terms with the same rules for every card, never from what we earn. How we judge cards.

Rewards (value back as % of spend)

Fuel: 0%
Bills and utilities: 0%

Fees and charges

Joining fee: Free
Annual fee: Free
Fee waiver: Lifetime free: no joining or annual fee for the main card, and the metal card is issued free. A metal add-on card costs ₹3,000 (a plastic add-on is free), and cancelling within 6 months of activating the card costs ₹3,000 for the metal card or ₹500 for a plastic one.
Forex markup: 1%
Fuel surcharge waiver: 1% surcharge waived (or the actual surcharge, if lower), up to ₹400 a calendar month; GST on the surcharge isn't refunded. Fuel earns no points.

Benefits and eligibility

Airport lounge: No lounge access is included.
Card network: Visa
UPI payments: No
Minimum income (salaried): Not published by the bank
Eligibility: Age 18 or older, Indian resident with a PAN; salaried or self-employed; no income proof is asked for. Offered in about 66-67 cities (OneCard's pages give both figures). Outside those cities, or if you're new to credit, you can get a card backed by a fixed deposit. A credit score of 750 or more improves your chances. You choose the issuing bank in the OneCard app from six partners (BOBCARD, CSB Bank, Federal Bank, Indian Bank, SBM Bank, South Indian Bank). Approval at the bank's discretion.

Fees exclude GST. Reward rates are the value back you get at the bank's published redemption value; where a bank doesn't publish what a point is worth, we leave the rate blank rather than guess. See how we compare cards.

Compare it with other cards

Ready to apply for the OneCard (One Credit Card)?

View on OneCard siteIssuer's site. We don't earn from this card.

CreditParakh is not a bank or lender. Approval, limits and final terms are decided by Federal Bank.

What changed recently

15 Jul 2026Excluded spendsWorse for you
Bills and utilities no longer earn reward points and don't count for the 5X bonus.
Before: Bills and utilities earned points · After: No points on bills and utilities
Federal Bank's card. The BOBCARD-issued OneCard made the same change from 29 August 2026.
Bank's notice or terms
30 May 2026FeesWorse for you
The fee on wallet loads and transfers above ₹10,000 a month rose from 1% to 2% of the full amount.
Before: 1% once monthly transfers pass ₹10,000 · After: 2% once monthly transfers pass ₹10,000
Federal Bank's card. CSB's card made the same change from 1 December 2025 and South Indian Bank's from 1 February 2026.
Bank's notice or terms

All card changes, month by month

Questions people ask

Is the OneCard (One Credit Card) worth it in 2026?

Yes, as a no-fee card for everyday spends: it costs nothing to keep. The catch: earns nothing on fuel, rent, wallet loads and utility bills.

Is the OneCard (One Credit Card) lifetime free?

Yes. The bank's fee schedule shows no joining fee and no annual fee.

Does the OneCard (One Credit Card) work on UPI?

No. Only RuPay credit cards can be linked to UPI, and this isn't one.

Does the OneCard (One Credit Card) give airport lounge access?

No lounge access is included.

What earns no rewards on the OneCard (One Credit Card)?

No points on fuel, rent, money transfers, cash withdrawals, digital wallet loads (in-app purchases on wallet apps may count as wallet loads), merchant EMIs, and, since 15 July 2026, bills and utilities. Education and insurance still earn, but the extra points from the 5X bonus in those categories stop once your points there total 25,000. Points on refunded purchases are taken back, and all points lapse if the card isn't used for 365 days. Fees: 1% on rent paid through third-party apps, and 2% on all wallet loads and transfers once they pass ₹10,000 in a month.

Who can get the OneCard (One Credit Card)?

Self-employed people can apply: Salaried or self-employed; age 18 or above; no income proof (PAN and KYC only). Age 18 or older, Indian resident with a PAN; salaried or self-employed; no income proof is asked for. Offered in about 66-67 cities (OneCard's pages give both figures). Outside those cities, or if you're new to credit, you can get a card backed by a fixed deposit. A credit score of 750 or more improves your chances. You choose the issuing bank in the OneCard app from six partners (BOBCARD, CSB Bank, Federal Bank, Indian Bank, SBM Bank, South Indian Bank). Approval at the bank's discretion. Approval is at the bank's discretion.

How we checked this card: the CreditParakh team read Federal Bank's own terms and product page on 19 Oct 2026. Every fee, rate and rule above comes from those pages; where they disagree, we say so. We re-check every card monthly and log changes on card changes. See our editorial standards.

Last verified 19 Oct 2026 on Federal Bank's official page. Fees and rewards change; check the issuer's terms before you apply.

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