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FPL Technologies / SBM Bank India (OneCard)

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.

Rates and fees last verified 15 July 2026 · No bank pays us to rank higher.

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.

Benefits by category

  • 🍽️ Dining & food delivery

    5% reward rate

  • 🛍️ Shopping

    5% reward rate

  • 🌍 Forex / international spend

    2% forex markup on international transactions

Eligibility

  • Minimum credit score: 700
  • Employment: salaried, self-employed
  • Age: 2160

Benefits

  • 5X rewards on the highest spend category 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
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