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OneCard (SBM Bank India)
Visa
OneCard (SBM Bank India)
The SBM Bank India-issued OneCard is functionally identical to the Federal Bank version — same app, same numberless metal design, same auto-detected 5X category — and exists mainly because OneCard issues through whichever partner bank has processing capacity for a given applicant. Pick whichever variant you're offered; the day-to-day experience doesn't differ.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
1%
Card network
Visa
Card tier
Mid
Who this card fits
Best suited to applicants with a credit score of roughly 700+ whose spend is concentrated in online shopping, dining. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 1% base rate
- Domestic lounge access: None
- International lounge access: None
Benefits by category
- 🍽️ Dining & food delivery
5% reward rate
- 🛍️ Shopping
5% reward rate
- 🌍 Forex / international spend
1% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Employment: salaried, self-employed
- Age: 21–60
Fees & charges
- Foreign currency markup: 1%
- Fuel surcharge waiver: 1% fuel surcharge waiver, capped at ₹400 per calendar month; GST on the surcharge is not waived
- Cash advance charges: 2.5% of the withdrawn amount, subject to a minimum of ₹300
Benefits
- 5X rewards on the top 2 spend categories of the billing cycle, same reward engine as the Federal Bank variant
- Numberless metal card, fully managed via the OneCard app
Pros
- + Lifetime free with no joining or annual fee
- + 5X rewards on your top spend category, detected automatically each cycle
- + Numberless metal card fully controlled through the OneCard app
Cons
- − No complimentary lounge access or travel insurance
- − Smaller redemption catalog than legacy bank reward programs
- − SBM Bank India has a smaller branch/service footprint than Federal Bank for offline escalations