OneCard Metal launches — 0.2% rewards
OneCard launches a lifetime-free metal Visa Signature credit card with 0.2% base rewards, equivalent to ₹0.10 cashback points per ₹50 spent. This card has a 1% forex markup, the cheapest on any free Indian card.
OneCard has launched India’s first mobile-first metal credit card, a lifetime-free Visa Signature card issued via partner banks. The card offers 1 point per ₹50 spent, which translates to 0.2% base rewards. The card’s rewards structure is simple, with no lounge access or partners. However, it still offers a 1% forex markup, which is the cheapest on any free Indian card. This feature, combined with the card’s metal design, may appeal to Indians who value the feel of a premium card. Our take: 1 point per ₹50 is a 0.2% return — a rounding error, not a rewards programme. The OneCard Metal earns its place on exactly two lines: lifetime-free, and a 1% forex markup that is the cheapest on any free Indian card. Carry it abroad, and put every rupee of domestic spend on something that actually earns.