SBM One Co-Branded Credit Card (OneCard)

SBM Bank (India) · Applications paused

A fee-free, app-controlled credit card from SBM Bank and OneCard, secured against a fixed deposit with SBM, with a virtual card on approval and a plastic or metal card on request. It pays 1 reward point per ₹50 and 5X points on the top two spend categories of the month; a point is worth about ₹0.10.

Annual fee
Lifetime free
Joining fee
None
Base rate
1 reward point per ₹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 bills and utilities (from 2026-07-30)
  • 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 in a calendar month earn 5X points, only if the month has purchases in at least 3 categories with at least ₹750 spent in each. Which two categories are top depends on the holder's month, which the calculator cannot choose. 5X points are credited on the 10th of the next month.
  • The ₹0.10 point value comes from OneCard's 2021 explainer; no bank document states a value and the bank may change the conversion rate.
  • Reward programme and charges can change at the bank's discretion; the bank may withhold rewards for suspected misuse.

Sources

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