Indian Bank One Co-Branded Credit Card
A lifetime-free metal card issued by Indian Bank with OneCard: 1 reward point per ₹50, 5x on your top two spend categories each month, a 1% forex mark-up and a 1% fuel surcharge waiver up to ₹400 a month. Every figure below is copied from Indian Bank’s own documents; open a figure’s source link to read it there. Official terms last checked 2026-10-21.
Applied for and managed through the OneCard app (One Consumer Services Private Limited); Indian Bank issues the card.
Not on record from an official document: rupee value of a reward point. CardWise does not estimate these.
Fees and charges
| Joining fee | Nil Fee schedule |
|---|---|
| Annual fee | Nil Fee schedule |
| Annual fee waiver | Not needed |
| GST on fees | 18% |
| Foreign-currency markup | 1% of the transaction, plus GST Fee schedule |
| The MITC charges ₹3,000 if the metal card is cancelled within six months of activation, 2% on rent paid through third-party apps, and 2% on wallet or bank transfers once they exceed ₹10,000 in a month. | |
| Reward redemption fee | ₹0 plus GST Fee schedule |
Rewards
Reward points (rupee value not on record).
| Spend | Earns | Cap |
|---|---|---|
| All eligible purchases (5x on your top two categories in a month, not priced here) | 1 point per ₹50 Terms | no cap on record |
Points pay for purchases of the last two months in the OneCard app ("Pay with points") or go to offers in the app.
Points do not expire while the card is used at least once in 365 days. The terms do not state the rupee value of a point.
No rewards on
Benefits
- Lounges: none on record
- Fuel: 1% fuel surcharge waived, up to ₹400 a calendar month MITC
Also on this card
Quoted from Indian 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
- 2,500 bonus points for each friend who joins through your referral Terms
- Metal card, controlled entirely from the OneCard app Product page
- RuPay virtual card for UPI payments on the same credit limit (no rewards on UPI) MITC
- Family dashboard to share the credit limit with family members Product page
Eligibility
The issuer publishes only part of its criteria; approval rests on its own assessment.
Not published by Indian 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)
- a welcome benefit
- income criteria
The quotes behind the figures
33 figures, each copied from an official Indian 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”
“Goods and Services Tax (GST) is applicable on all fees, interest and other charges, which is currently 18%”
“Reward redemption fee Forex Markup fee Over Limit Fee Nil 1% of the transaction amount 2.5% of overlimit amount (Min 500)”
“Currently, you will get 1 Reward Point on every purchase of Rs. 50.”
“Reward points will not accrue for money transfers, rent payments, fuel purchases, cash withdrawals and digital wallet loading or top-up transactions.”
“The cardholder will not be eligible for any rewards for any transactions made on the RuPay Virtual Card.”
“I hereby acknowledge that I have applied for the Indian Bank One co-branded Credit Card issued by the Bank in partnership with OneConsumer Services Private Limited.”
“The Referred User will have to download the OneCard app using the link provided by you, or enter your referral code at the time of onboarding and activate their virtual Indian Bank One co-branded Credit Card.”
“Indian Bank One Co-Branded Credit Card”
“Indian Bank in partnership with M/s One Consumer Services Private Limited brings to you Indian Bank One Co-branded credit card, a Mobile-first Metal Credit Card, fully controlled by the OneCard app.”
“The functionality of RuPay Credit card on UPI will be made available to the Indian Bank One Credit Card Users who satisfy the criteria.”
“Cardholders will have to set a 6-digit UPI PIN to activate UPI functionality on the Indian Bank One RuPay Credit Card”
“Lifetime Free - no joining or annual fees”
“If cancelled within 6 months of the Metal Card 3000”
“A 2% fee applies on total monthly fund transfers via Indian Bank One co-branded Credit Card to wallets or bank accounts, once transfers exceed Rs 10,000 in a month.”
“a transaction fee of 2% over and above the convenience fee charged by these apps/merchants.”
“For purchase amounts below Rs. 50, fractional points will be credited.”
“Reward Points will not be accrued on fuel transaction.”
“With effect from January 6th, 2025, you will need to make a minimum spend of Rs. 750 in each of the 3 categories to qualify.”
“The "Pay With Points" functionality will be available against transactions that are less than two months old.”
“Reward points do not expire and have lifetime validity, except in circumstances detailed below:”
“If the Indian Bank One co-branded Credit Card is not used for more than 365 days, the accrued reward points will be nullified.”
“The surcharge waiver will be lowest of 1% of the transaction amount or actual surcharge levied (excluding of GST).”
“Maximum fuel surcharge waiver will be capped at Rs 400 per calendar month per account”
“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.”
“No fee is levied if you wish to redeem reward points.”
“You will receive Two Thousand Five Hundred (2,500) bonus reward points for every new user who joins Indian Bank One co-branded Credit Card”
“Metal Credit Card - crafted out of metal”
“Family Dashboard - share credit limit with family members”
“I declare that I am a resident Indian over 18 years of age.”
“as stated in the online application form for the Indian Bank One co-branded Credit Card.”
“This virtual card is also a VISA/ RuPay powered credit card so that you can use it for any online or mobile application-based transactions or purchases.”
Terms change, sometimes without notice. Read the issuer’s current terms before applying. CardWise has no affiliate arrangement with Indian 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