OneCard vs. Other Credit Cards – Which One Should You Go For?

Credit and debit cards now seem to occupy a permanent place in our wallets. We use them to pay virtually everything, be it rent, groceries, or movie tickets. As a result, there are several of them out there, each packed with a range of benefits. For instance, OneCard seeks to redesign the concept of a credit card for the mobile generation. But who is the winner in OneCard vs other credit cards? It is overwhelming to pick the right credit card as you evaluate several factors. Our comparison guide for evaluating the features of different credit cards will help you navigate the decision-making process. We will cover everything from benefits to OneCard reviews.

What is OneCard?

OneCard is a co-branded metal card issued by many trusted banks in India. It is a VISA card valid across the world and comes with an app that can be used to track and manage spending.

OneCard has a lot of features not found in other cards, like no joining or annual fees. Moreover, it offers promotions, cashback, and reward points. The card can be used to build credit, especially by people who do not have a credit history.

ALSO READ: How to Start Using Your One Credit Card

Features of OneCard

Many features tip the scales in favour of OneCard vs other credit cards. Let’s check them out:

1. Metal Card

OneCard offers a metal card, whereas most banks provide cards made of plastic. How does it matter? So many users perceive metal as more durable and prestigious than plastic.

2. No (or Low) Fees

There are no hidden fees for using a OneCard. On the other hand, most credit cards charge a fee for use, from annual fees to renewal fees. This OneCard feature saves you a lot of money over the lifetime of your credit card usage. It also charges a low 1% Forex transaction fee.

3. Seamless Processes

OneCard is a great way to start your credit card journey because the approval process is quite straightforward. Furthermore, activating your OneCard does not require

4. Plenty of Rewards

OneCard offers various promotions when you use it to shop, dine, or pay for fuel. For instance, It multiplies reward points in your top two spending categories by a factor of five every month!

5. OneCard App

OneCard app lets you control all aspects of your card, such as transaction limit, domestic/international use, online/offline use, contactless payments, etc. It is also equipped with several features, such as Forex calculator, Spends Planner, etc.

6. OneCard EMI

It is easy to convert your large purchases into EMIs on OneCard. The option can be availed of without any calls, emails, or documentation. Additionally, you earn reward points on EMI transactions and repay EMIs with reward points. Not many credit cards offer this flexibility.

ALSO READ: OneCard Spends Planner - Features and Benefits

What are the Benefits of OneCard?

One Credit Card offers several benefits that can be attractive to different users, especially those new to credit cards in India. In fact, other credit cards are unlikely to match these benefits. Here’s a breakdown of some key advantages:

1. Saves Money

OneCard does not charge any annual fees, unlike many other cards from other banks. There are offers on everything from shopping to dining that save loads of money. Furthermore, the card charges among the lowest Forex fees (1%) in the market.

2. Offers a Premium Look

Credit cards are commonplace but OneCard stands out with a stylish metal finish as compared to your usual plastic cards. A metal card is also sturdier than a plastic card, keeping it from damage.

3. Provides Convenience

When it comes to convenience in managing credit card activity, there is only one clear winner among OneCard and other credit cards. It allows you to track expenses and set limits, convert purchases into EMIs, and redeem reward points.

4. Facilitates Smooth Redemption

OneCard does not charge any fees or require any threshold to redeem reward points. The card allows for instant issue and redemption of points from the app. It also credits fractional points on spending, so there is no rounding off and eventually losing out on points.