OneCard is marketed as a no-fee card — and the headline charges are genuinely zero. But there are other fees that kick in the moment you miss a payment, withdraw cash, or spend abroad. Here is every single charge, explained plainly.
No joining fee, no annual fee, no reward redemption fee — ever. These are not promotional waivers that expire. OneCard is structurally lifetime free. Most competitors charge ₹500–₹5,000 annually for a metal card. That alone is a real saving.
The table below covers every charge you may encounter as a OneCard user. Note that some charges vary slightly between partner banks — always check your specific card's Most Important Terms & Conditions (MITC) in the app for the exact figures.
| Fee | Amount | Notes |
|---|---|---|
Joining Fee | ₹0 | Lifetime free — never charged |
Annual Fee | ₹0 | Lifetime free — never charged |
Reward Redemption Fee | ₹0 | Redeem any amount, including fractions |
| Fee | Amount | Notes |
|---|---|---|
Interest on Unpaid Dues | 3.75% p.m. | 45% p.a. · applies if full TAD not paid by due date |
Interest-Free Period | Up to 48 days | Only if full outstanding paid each month |
GST on Interest | 18% | Applied on top of interest charges |
| Fee | Amount | Notes |
|---|---|---|
Late Payment Fee | 2.5% of TAD | Maximum cap of ₹1,000 |
Minimum Amount Due | 5% of outstanding | Or ₹100 whichever is higher |
| Fee | Amount | Notes |
|---|---|---|
ATM Cash Withdrawal | Not allowed | OneCard does not currently support ATM cash withdrawals |
Cash Advance Fee (if enabled) | 2.5% | Minimum ₹300 · no interest-free period · subject to feature availability |
Interest on Cash Advance | 3.75% p.m. | From date of withdrawal till repayment · no grace period |
| Fee | Amount | Notes |
|---|---|---|
Forex Markup Fee | 1% | One of lowest in India · most cards charge 2–3.5% |
Currency Conversion | At VISA rate | Converted at VISA settlement rate on transaction date |
| Fee | Amount | Notes |
|---|---|---|
EMI Processing Fee | 1% | Minimum ₹99 |
EMI Foreclosure Fee | 3% | Minimum ₹99 · charged on outstanding EMI amount |
| Fee | Amount | Notes |
|---|---|---|
Overlimit Fee | 2.5% | Minimum ₹500 · on amount exceeding credit limit |
Card Replacement Fee | Varies | Check with partner bank · first replacement sometimes free |
Cheque Bounce Fee | Varies | If bill payment via cheque is returned |
The 3.75% monthly interest rate (45% per annum) only applies if you do not pay your full outstanding balance by the due date. If you pay in full every month, you pay zero interest — and you get up to 48 days of interest-free credit on every purchase.
The moment you pay less than the full amount, interest applies to the entire outstanding balance — not just the unpaid portion. This is how all credit cards work, but it catches many users off guard. Even paying ₹1 less than the total amount due means interest on the full balance.
OneCard shows a Minimum Amount Due (MAD) of 5% of outstanding or ₹100. Paying only the MAD feels safe but is expensive — you still get charged 3.75% per month on the remaining balance. Always pay the full Total Amount Due (TAD) if you can.
Abstract percentages are hard to grasp. Here is what the fees actually mean in rupees for common situations:
Most Indian credit cards charge a forex markup of 2% to 3.5% on international transactions. At 1%, OneCard is among the cheapest in India for foreign spending. On a ₹1,00,000 international holiday spend, that saves you ₹1,500–₹2,500 compared to a typical card.
OneCard offers a free International Pass (Rewards → Passes in the app) that credits 1% reward points on all international transactions — effectively offsetting the 1% forex markup. It is not active by default and must be activated before each trip. Note that applicable taxes on the markup are still charged and are not refunded. Read our complete guide to the International Pass →
Converting a transaction to EMI on OneCard is convenient, but it is not free. There is a 1% processing fee (minimum ₹99) when you convert, and a 3% foreclosure fee (minimum ₹99) if you want to pay off the EMI early.
The good news: you continue to earn reward points on EMI transactions. The not-so-good news: the EMI interest rate is 1.41% per month (approximately 16.92% p.a.), charged in addition to the 1% processing fee. Always compare the total EMI cost against paying in full before converting.
With four simple habits, you can use OneCard indefinitely and pay absolutely nothing in fees — while still earning reward points on every purchase.
No joining fee. No annual fee. No redemption fee. Pay in full every month, don't withdraw cash, don't overspend your limit, and you will literally never pay a rupee in fees while earning reward points on every purchase. That is the value proposition — and it is real.
No. OneCard is a lifetime free credit card. There is no joining fee and no annual fee, ever. This applies to all variants across all partner banks.
The interest rate on unpaid dues is 3.75% per month, which works out to 45% per annum. This applies only if you do not pay the full outstanding amount by the due date. Pay in full every month and you pay zero interest.
OneCard charges a forex markup of 1% on international transactions — one of the lowest in India. Note that earning reward points on international transactions requires you to explicitly enable the international rewards pass in the app. It is not active by default.
The late payment fee is 2.5% of the Total Amount Due, capped at a maximum of ₹1,000. GST at 18% is also applicable on this fee.
No. ATM cash withdrawals are currently not supported on OneCard. Cash advance features are not available at this time. Always use UPI or your debit card for cash needs.
The overlimit fee is 2.5% of the amount exceeding your credit limit, with a minimum charge of ₹500. You can track your available limit in real time through the OneCard app to avoid this.