OneCard - Founders OneCard is founded by three banking veterans Rupesh Kumar, Anurag Sinha, and Vibhav Hathi in 2019.
About OneCard
The credit card is offered in collaboration with banks, including IDFC First Bank, SBM Bank, South Indian Bank, Federal Bank and Bank of Baroda Financial.
Global headquarters for OneCard is located in Pune,Maharashtra,India.
You earn Reward Points for all purchases made with One Card- 1 Reward Point per Rs. 50 spent and 5x Reward Points on the top two spend categories of the month.
Should you get it? Well, if you are looking exclusively for good rewards on regular spending, OneCard Credit Card is not for you as there are other entry level credit cards available in the market. However, the 1% reward rate in top 2 spend categories is not too bad.
No Hidden Fees Ever.
No Joining Fees. No Annual Fees. No Rewards Redemption Fees. Control all aspects of your co-branded credit card from the powerful OneCard app - transaction limit, domestic/international use, online/offline use, contactless payments and much more.
Secured SIB OneCard is offered as a premium VISA Signature credit card, issued by South Indian Bank in partnership with M/s FPL Technologies Pvt Ltd. Backed by fixed deposit, Lifetime-free Metal* Credit Card with zero joining and annual fees. No CIBIL requirement.
OneCard's competitors and similar companies include Butter, Vyne, QRails and MadfooatCom. OneCard is a financial technology company providing online payment solutions.
FPL Technologies Pvt, which operates the credit-card platform, reported a revenue of Rs 97.9 crore in FY22 against Rs 16.4 crore in FY21 (2020-21). The company's net loss, however, widened to Rs 182.8 crore in FY22 from Rs 33.2 crore in FY21 (2020-21), thanks to a massive rise in its marketing expenses.
Where is OneCard 's headquarters? OneCard is located in Pune, Maharashtra, India .
i) Your OneCard Credit Card is valid for use both in India as well as abroad. It is, however, not valid for making foreign currency transactions in Nepal and Bhutan.
OneCard is a fintech startup based in India that offers a credit card and a mobile app designed to help users manage their finances more efficiently. The company was founded in 2019 by Gaurav Chopra and has quickly gained popularity in the Indian market.
Credit Limit of OneCard
The credit limit of One Card is not fixed and it depends on your Cibil Score and income. If you have a Cibil Score of 750 and above and a high income then you will get a high credit limit on OneCard.
Funds loaded onto a OneCard can only be spent on campus. You cannot withdraw funds. If you are seeking a refund, please refer to section 8 of the OneCard Policy for more information on the refund process.
You can transfer the money using mobile apps or ATM cash withdrawal. Before you proceed, you must review the fees and interest rates associated with the transfer.
Who are the CEO, Founders and Directors of OneCard? Anurag Sinha, Co-Founder & CEO, is a founder of 3 companies, an Angel investor in 2 companies and on the board of 2 companies. 1 email. Devang Shah, Co-Founder, is a founder of 1 company.
CheQ claims to be a better solution than OneCard due to: CheQ offers personalised credit insights to users and allows repayments of all unsecured credit bills.
Visa and Mastercard are the two largest credit card networks in terms of both number of cards in circulation and rate of acceptance, while American Express and Discover play a dual role as card networks and credit card issuers.
Drawbacks. The Reward rate is very low compared to many other free entry-level credit cards in India. If you want to close your card within the first 6 months of virtual card being activated then you need to pay Rs 3,000 as cancellation fee.
Your payment history is not reported to the credit bureaus in the case of prepaid credit cards. So unlike FD+OneCard, a prepaid card doesn't help establish a credit history. OneCard's FD+credit card on the other hand comes helps you improve your credit score.
It is a wholly-owned subsidiary of Credit One Financial, incorporated in Nevada. Credit One Financial is an S corporation that is affiliated with Sherman Financial Group through common beneficial ownership.
OneCard is a lifetime free card and comes with zero joining and annual fee. But. there are a few others like card replacement fees which are on the higher side. OneCard features a very low Forex Markup fee of just 1.18% including GST.
In addition to your metal OneCard, there is a virtual rendition of the same card available for you in the OneCard App. This card is also a VISA powered credit card so you can use it for any online or app-based transactions or purchases. The security parameters are set as per industry standards.