If you are looking to get a credit card with benefits, then it’s time you know about the One Card credit card. It has zero allowance or annual fee, and you can redeem your rewards without having to go through any time restrictions. Isn’t it great? Want to know more? Keep reading the article as we reveal some of the interesting facts about the one card.
What is One Card?
Well, one card is a credit card where you will have zero allowance as well as an annual fee. You can even redeem your reward points any time you want. The most amazing feature is that you can get this onecard with a low credit score or when you do not have any credit score at all. All you have to do is to get it secured by an FD. Once you own one card, you will be getting numerous brands that offer a high level of security, and the one card credit card also comes with a mobile app to stay connected digitally. Isn’t this a great deal for a credit card?
Amazed already; wait till we reveal some of the other amazing features of one card.
One Card Credit Card Types
One of the most amazing features of One Card is that it comes in many types. The types of One card are:
- South Indian Bank OneCard Credit Card
- SBM Bank OneCard Credit Card
- CSB Bank OneCard Credit Card
- BoB Financial OneCard Credit Card
- Federal Bank OneCard Credit Card
For those who do not know, One Card credit card is a co-branded credit card that is issued by the RBI approved banks as well as Financial institutions like the SBM, South Indian Bank, Federal Bank, BOB Financial, and CSB Bank. All these banks are partnered with the One Card to give you the best of credit card experience. If you are looking to get any of the one card cards, then let me tell you that the issuers will be different, but the rewards that you will get out of them are primarily the same.
Now that you all have a brief understanding of the One Card credit card, it is time to look at the eligibility criteria. Head to the next section of the article to learn about the eligibility criteria.
Eligibility Criteria for One Card
If you are looking to apply for one card, then read this section of the article, as we will be listing out some of the eligibility criteria for one card. They are:
- He/She can be Salaried or Self-employed for OneCard online apply
- The applicant should be at least 18 yr old and a resident of India.
One credit card is great for people who are stepping into the world of credit cards for the first time. Also, folks, it is important that you know that the above-mentioned eligibility criteria will vary depending on the bank that is issuing them. However, the above-mentioned are the standard eligibility criteria for credit apply.
Want to know some of the amazing features and benefits of one card? Check out the next section.
Features of One credit card
When you own a One card, you are subjected to the following features:
- One of the most amazing features is that there is no expiry date for the reward points, and you can redeem it anytime you want
- You will get convenient as well as easy EMI options for purchases
- You will be liable to get an interest period of about 48 days
- You can instantly redeem your credit points without having to worry about the time availability
- You can redeem your reward points for free, including in fractions
- You can withdraw cash from ATMs by using the One Card
- The mobile app which will come with the it is accessible both on Android and iOS devices
- You will get various offers under many categories. Hence, you will be spoilt for choice
- With the mobile app, you can manage multiple things such as App PIN, activation, transaction settings, and OneCard PIN.
Folks, these are some of the features of One Card. Have you made up your mind to get a One Card yet?
In the next section of the article, we will briefly discuss some of the One Card charges that are to be paid by the users if they are opting to apply for One Card. So, head to the next section.
One Card Charges
One Card credit cards are one of a kind because they have no joining fee as well as no annual fee. This condition is applicable to all the card offerings which come under the policy. However, users need to pay certain charges for one card during certain circumstances. When you are paying late, finance charges as well as late payment charges, will be levied on the users. The payment rates for One card are:
OneCard Late Payment Fee
When the user fails to pay the due amount within the due date, they will be levied with 2.5% of the total due amount. They will need to pay a maximum of Rs. 1000
OneCard Finance Charges
This varies from .5% to 3.5% per month, which is equal to 30% to 42% per annum. The users are levied with this charge when they fail to pay the due amount within the stipulated time frame
Documents for One Card Apply
If you want to do a onecard apply, then there are certain documents that you need to possess. In this section, we will be giving a brief overview of the same.
The basic documents that are needed to apply for One card are:
Photo ID Proof
- Voter’s ID Proof
- Driving Licence
- Address Proof
- Voter’s ID Card
- Driving Licence
- Aadhar Card
Income Proof for the Self-Employed
- ITR for the last two years
- Bank Account statement for the last 12 months.
- Audited Financials like Balance Sheet and Profit and Loss Account for the last two years
Income Proof for Salaried Individuals
- Latest ITR
- Latest Form 16
- Bank account statement for the last three months
- Salary slips for the last three months
What is the Process to Apply for One Card Credit Card?
I am pretty sure that by now, you all are convinced to apply for the one card credit card. Well, to do that, you will be required to go to the official website of the one card. There, you will be required to provide basic details. Then, you can apply for the One card by downloading their mobile app from PlayStore or AppStore. This entire application process will take about 5 minutes. You can also check your application status. To do that, you need to contact the team through Whatsapp, and you will get the updates at your fingertips convenient, isn’t it? This way, you will easily get to know about the status of your One card, and you need not take the trouble of tracking your One Card application.
How do you redeem one card’s credit card points?
If you want to redeem your one-card points, then you can easily do that. One of the most amazing parts of owning a One card is the way you redeem your points. If you are ordering something online, you can use it to pay the amount by using your One card reward points. Convenience and comfort are at your service.
One Card App
With one card app, you can track a lot of things and also keep a tab on the new offers and much more. The app is available for both iOS and Android. You need to first log in to the app, and then on the home page of the app, you will be able to see the cumulative balance of your account along with the other details. You can also see the rewards that you have earned along with the transactions that you have carried out. This will help you understand instantly the top three spends along with the areas where you have gained profit 5X. The app significantly helps you get a good insight into your credit account in a seamless manner.
Commonly Asked Questions
Is it Safe to Get a One Card Credit Card?
Yes, it is absolutely safe to get a One card as it is approved by RBI, and the issuers are also some of the most trusted banks in the country.
Do I Need to Pay an Annual Fee for One Card?
Well, no, you will not be required to pay any annual fee no joining fee for One Card
Can the One Card App Work on iOS?
Yes, the One Card app will be working for both Android and iOS.
One card credit card is a very seamless and safe option for getting your credit account, especially when you are a newbie. You will be getting many offers along with the high-level security that the it offers to its users. You will definitely be spoilt for choice.
This is a great credit card option if you are looking to start your credit journey. That’s all, folks. I hope the article will help you in getting all the information you need.