Issued by SBM Bank India through OneCard. Every line below is taken from the issuer's own documents; open “Exact wording in the source” under any fee to see the words it comes from.
The same MITC covers a secured version backed by a fixed deposit, with a limit of 90% of the deposit.
1% of the transaction amount, also on rupee payments to merchants or payment gateways based outside India
Exact wording in the source
“Forex Markup fee 1% of the transaction amount”
“A forex markup fee will also be levied in case of an Indian Rupee (INR) transaction done at a merchant or payment gateway that is based out of India.”
5% of the outstanding or ₹100, whichever is greater, plus unpaid past minimum dues, any overlimit amount and EMIs due. Another section of the MITC calls it a variable percentage of net debits
Exact wording in the source
“5% of the outstanding amount or ₹100 (whichever is greater)”
“Previous unpaid minimum amount dues, if any”
“Minimum Amount Due is a variable percentage of Net Debits”
1 reward point per ₹50 spent. Spend ₹750 or more in each of at least 3 categories in a month and your top 2 categories earn 5X, credited on the 10th of the next month. Points do not expire, but are cancelled if the card is not used for more than 365 days
Exact wording in the source
“Currently, you will get 1 Reward Point on every purchase of Rs. 50.”
“To qualify, you must make purchases across at least 3 categories in a month”
“the top 2 categories would be eligible for 5X rewards”
“minimum spend of Rs. 750 in each of the 3 categories”
“credited to your points balance on the 10th”
“Reward points do not expire and have lifetime validity”
Extra 5X points in categories such as education, insurance and (where they still earn) bills and utilities stop once total points in those categories reach 25,000. The terms give no period for this cap
Exact wording in the source
“Reward points can be earned in categories such as Education, Bills & Utilities”
“Education, Bills & Utilities, and Insurance”
“if eligible for 5X rewards, incremental rewards will only be offered subject to the total rewards under these categories not exceeding 25,000 points”
No points on money transfers, rent, fuel, cash withdrawals or wallet loads. Bills and utilities stopped earning points on 30 July 2026 and no longer count for 5X
Exact wording in the source
“Reward points will not accrue for money transfers, rent payments, fuel purchases, cash withdrawals and digital wallet loading or top-up transactions”
“Effective 30-07-2026 reward points will not accrue for bills and utilities”
“These transactions will also be ineligible for 5X rewards.”
Understanding One Credit Card Benefits & Rewards Programme (OneCard blog), FPL Technologies (OneCard), Blog post dated September 22, 2021. Read 4 Nov 2026. OneCard's own marketing article, not a bank's terms, and from 2021. It is the only issuer source we found for what a point is worth, and only by example. It also says points need a minimum of 500 and can be taken as cash, which the banks' current terms do not say; we use it for the value alone.
SBM Bank One Co-Branded Credit Card MITC, OneCard / SBM Bank, w.e.f 29-06-2026. Read 27 Oct 2026. Not in a field: cancelling within 6 months of activating the virtual card costs ₹3,000 for metal or ₹500 for plastic per the schedule, but a flat ₹3,000 per the body text; an add-on metal card costs ₹3,000.
Card Fine Print is an independent, unofficial site, not affiliated with OneCard, SBM Bank India or any other card issuer. Fees change; the issuer's current documents always win over this page. This is not financial advice.