M16S / Indian Bank / Indian Bank One Co-branded Credit Card (OneCard)
entry · cobrand, rewards, lifetime-free
Indian Bank One Co-branded Credit Card (OneCard)
The Indian Bank One Co-branded Credit Card (OneCard) charges no annual fee and no joining fee. It earns 1 reward point per Rs 50 (paisabazaar). Accelerated earn: 5X points on the top two spend categories each month (paisabazaar). The forex markup is 1%. Read from the issuer's documents and an aggregator on 11 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- —
- Forex markup
- 1%
- Interest
- 3.75%a month
What changed on this card
- Indian Bank OneCard 5X rewards need Rs 750 in each of 3 categories, Jan 2025
From 6 January 2025 the Indian Bank One co-branded card's 5X rewards on the top 2 spend categories of a month need a minimum spend of Rs 750 in each of at least 3 categories. Before, purchases across 3 categories in a month were enough to qualify. Source: Indian Bank and OneCard, assets.getonecard.app, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining feeunverified | Free |
|---|---|
| Annual feeunverified | Free |
| Fee notes | Paisabazaar: joining and annual fee nil. The MITC's schedule of charges is an image and could not be read. MITC text: Rs 3,000 charge if membership is cancelled within 6 months of activating the virtual card. |
Rewards
| Reward currency | OneCard Reward Points |
|---|---|
| Base earnunverified | 1 reward point per Rs 50 (paisabazaar) |
| Point valueunverified | Not stated in sources read |
| Accelerated earnunverified | 5X points on the top two spend categories each month (paisabazaar) |
| Spends that earn nothing | Fuel earns no points; transactions on the RuPay virtual 'floater' card are not eligible for rewards (MITC) |
| Reward notes | No return computed: point value not stated in the MITC text or by paisabazaar. |
Travel and perks
| Forex markupunverified | 1% |
|---|---|
| Fuel surcharge waiver | Lower of 1% or actual surcharge, capped at Rs 400 per calendar month per account (MITC) |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment feeunverified | MITC text: Rs 500 when total amount due is Rs 1,001-5,000 (other slabs in an unreadable image). Paisabazaar (Sep 2025) lists nil up to Rs 99, Rs 100, Rs 250, Rs 750, Rs 1,000 and Rs 1,200 slabs, which conflicts. |
| Eligibility | Resident Indian aged over 18; approval at the bank's discretion |
| Fine-print notes | App-based metal card run by OneCard on Indian Bank's licence; not shown on Indian Bank's own credit card listing page. MITC read from OneCard's site (the copy on indianbank.in was rejected by the bank's firewall). Interest 3.75% p.m. (45% p.a.) per MITC, against 3.49% quoted by paisabazaar. Over-limit fee 2.5% or Rs 500, whichever is higher. Interest-free period 18-48 days. Minimum due 5% or Rs 100. The MITC page header reads 'Issued by South Indian Bank Ltd.' while the body names Indian Bank, an error in the partner's document. |
Questions
- What is the annual fee of the Indian Bank One Co-branded Credit Card (OneCard)?
- No annual fee.
- What is the forex markup on the Indian Bank One Co-branded Credit Card (OneCard)?
- 1% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Indian Bank One Co-branded Credit Card (OneCard)?
- Fuel earns no points; transactions on the RuPay virtual 'floater' card are not eligible for rewards (MITC)