Indian Bank One Co-Branded Credit Card
Indian Bank · Applications paused
A lifetime-free, app-controlled metal co-brand card from Indian Bank and OneCard's operator (OneConsumer Services, with FPL Technologies as technology provider). It pays 1 reward point per Rs.50 and 5X points on the top two spend categories of a month, with a point worth about Re.0.10 against the bill (OneCard's own explainer), so the base rate is 0.2%.
- Annual fee
- Lifetime free
- Joining fee
- None
- Base rate
- 1 reward point per Rs.50: 1 OneCard Reward Points per ₹50 (about 0.2% at cash value)
- Lounges
- None on record
- Forex markup
- 1%
- Data
- From bank documents, checked 6 Nov 2026
Earns nothing on
- No rewards on fuel
- No rewards on rent or digital wallet loads
- No rewards on money transfers or cash withdrawals
Terms the calculator does not value
- 5X rewards: the top 2 spend categories of a month earn 5X points, but only if the month has purchases in at least 3 categories with at least Rs.750 in each (from 2025-01-06). Which two categories are "top" depends on the cardholder's own month, which the calculator cannot choose. Increments in education, bills and utilities, and insurance are capped so that total rewards in those categories stay under 25,000 points. 5X points are credited on the 10th of the following month.
- The Re.0.10 point value comes from OneCard's 2021 rewards explainer; no Indian Bank document states a value and the bank may change the conversion rate.
- The T&C read (effective 2025-08-09) allow rewards on bills and utilities. Federal's version of this card stopped rewarding bills and utilities from 2026-07-15 (its T&C of 2026-06-15); Indian Bank's 2026 MITC says nothing on it and its T&C were not updated after that date, so no exclusion is entered.
Sources
- Indian Bank One Co-Branded Credit Card MITC, w.e.f. 2026-08-27 (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- Indian Bank One Co-Branded Credit Card Key Fact Statement, w.e.f. 2026-07-07 (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- Indian Bank One Co-Branded Credit Card Terms and Conditions, w.e.f. 2025-08-09 (Reward terms, the bank's own, read 6 Nov 2026)
- Indian Bank One Co-Branded Credit Card page (modified 2026-08-28) (Product page, the bank's own, read 6 Nov 2026)
- OneCard blog: Understanding One Credit Card Benefits & Rewards Programme (2021-09-22) (Partner's page, the bank's own, read 6 Nov 2026)
- Indian Bank press release, Indian Bank launches the Indian Bank One co-branded credit card (2024-01-11) (Press release, the bank's own, read 6 Nov 2026)