Federal One Co-branded Credit Card (OneCard)
A lifetime-free metal card issued by Federal Bank with OneCard: 1 reward point per ₹50, 5x on your top two spend categories each month, a 1% forex mark-up and no redemption fee. Every figure below is copied from Federal Bank’s own documents; open a figure’s source link to read it there. Official terms last checked 2026-10-16.
Applied for and managed through the OneCard app (One Consumer Services Private Limited), issued by Federal Bank.
Read in a browser on 16 October 2026; Federal Bank's site blocks automated reading, so this page is re-checked by hand. Federal Bank's site blocks automated reading and this link downloads a file, so the document was read from a copy the site owner saved from federal.bank.in on 16 October 2026.
Not on record from an official document: rupee value of a reward point. CardWise does not estimate these.
Fees and charges
| Joining fee | Nil MITC |
|---|---|
| Annual fee | Nil MITC |
| Annual fee waiver | Not needed |
| GST on fees | As applicable (18% assumed in calculations) |
| Foreign-currency markup | 1% of the transaction, plus GST MITC |
| Federal Bank’s MITC charges ₹3,000 if a metal card is cancelled within six months of activation, and 2% on wallet loads of ₹10,000 or more a month from 30 May 2026. | |
| Reward redemption fee | ₹0 plus GST MITC |
Rewards
Reward points (rupee value not on record).
| Spend | Earns | Cap |
|---|---|---|
| All eligible spends (5x on your top two categories in a month, not priced here) | 1 point per ₹50 Terms | no cap on record |
Points do not expire while the card is used at least once a year; they pay for past purchases in the OneCard app.
No rewards on
Benefits
- Lounges: none on record
- Fuel: 1% fuel surcharge waived, up to ₹400 a month MITC
Also on this card
Quoted from Federal Bank; not counted in the net value.
- 5x reward points on your top two spend categories each month (needs spends in at least three categories, ₹750 or more in each) Terms
- No redemption fee; points pay for any purchase of the last two months in the OneCard app Terms
- Metal card, controlled entirely from the OneCard app Product page
Eligibility
The issuer does not publish its criteria on the pages read. Approval is its own decision.
Not published by Federal Bank in the documents read
- the rupee value of a reward point (the terms say points pay for past purchases in the app, at a rate they do not state)
- the card network
- eligibility criteria
The quotes behind the figures
17 figures, each copied from an official Federal Bank document.
Show every quote and source
“Joining Fee for Primary or add-on cardholder Nil”
“Annual Membership fee for primary or add-on cardholder Nil”
“Forex Markup fee 1% of the transaction amount”
“Currently, you will get 1 Reward Point on every purchase of ₹50.”
“Reward points will not accrue for money transfers, rent payments, fuel purchases, cash withdrawals and digital wallet loading or top-up transactions.”
“To qualify, you must make purchases across at least 3 categories in a month. From these, the top 2 categories would be eligible for 5X rewards. You will need to make a minimum spend of Rs. 750 in each of the 3 categories to qualify.”
“Reward points do not expire and have lifetime validity, except in circumstances detailed below:”
“Among the lowest forex fees in the market @ just 1%”
“5X rewards on Top 2 spend categories each month”
“No redemption fees or minimum threshold to redeem points”
“Lifetime-free credit card with no joining and annual fees”
“Reward redemption fee Nil”
“Fuel Surcharge waiver 1% of the transaction amount and capped till ₹400 per month”
“Valid and confirmed purchases across the Top 2 categories in a month are eligible for "5X" rewards, which means you would receive 5 times the reward points on those categories for that month.”
“Rewards points can be redeemed including in the following ways: Pay with points: which lets you pay for previous transactions”
“Metal Credit Card with contactless feature”
“Federal Bank Limited in partnership with M/s One Consumer Services Private Limited brings you a 100% digital Credit Card, Federal One co-branded Credit Card”
Terms change, sometimes without notice. Read the issuer’s current terms before applying. CardWise has no affiliate arrangement with Federal Bank or any issuer. Issuer names and logos belong to their owners and are shown only to identify each card’s issuer; CardWise is not affiliated with any issuer. Methodology