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Federal OneCard Credit Card

✍️ Fact-checked by Parash Editorial • 🔄 Updated May 2026
Federal Bank Visa Mid 🛡️ Metal Card 🏦 Secured / FD Based

Annual Fee

₹0

Base Rate

2.0%

Reward Type

Points

Overview

The Federal OneCard Credit Card is a Mid credit card issued by Federal Bank on the Visa network. It offers a base reward rate of 2.0% on all spends, with rewards issued as Points(1 pt = ₹0.1).

Annual Fee: Lifetime Free
Eligibility: Min. age 21 years (18 for secured), CIBIL ≥ 750 recommended. Secured card available against FD.

Reward Rates & Cashback Rules

  • CATEGORY – Shopping: 10.0% cashback ⚠️ Represents the 5X bonus. Rate applies to the top 2 spend categories monthly. Requires spending in at least 3 categories with a min. spend of ₹750 in each to qualify. A cap of 25,000 points (₹2,500) applies if Education, Utilities, or Insurance are in the top 2.
  • CATEGORY – Fuel: 0.0% cashback
  • CATEGORY – Rent: 0.0% cashback
  • CATEGORY – Wallet Load: 0.0% cashback
  • CATEGORY – EMI: 0.0% cashback ⚠️ Merchant EMI transactions are not eligible for reward points.

Key Features & Benefits

  • Premium Metal Card 💳: Comes in a premium metal form factor for a superior feel and durability.
  • Zero Joining & Annual Fees 🎉: This card is lifetime-free with no joining or annual charges.
  • Non-Expiring Reward Points ⏳: Your accumulated reward points never expire, giving you the flexibility to redeem them anytime.
  • Instant Virtual Card 📱: Get a virtual card in the OneCard app immediately after approval for secure online use.
  • Low Foreign Markup 🌍: Enjoy a low foreign currency markup fee of just 1% on international transactions.

Eligibility Criteria

Min. age 21 years (18 for secured), CIBIL ≥ 750 recommended. Secured card available against FD.

Features & Benefits

💳

Premium Metal Card

Comes in a premium metal form factor for a superior feel and durability.

🎉

Zero Joining & Annual Fees

This card is lifetime-free with no joining or annual charges.

⏳

Non-Expiring Reward Points

Your accumulated reward points never expire, giving you the flexibility to redeem them anytime.

📱

Instant Virtual Card

Get a virtual card in the OneCard app immediately after approval for secure online use.

🌍

Low Foreign Markup

Enjoy a low foreign currency markup fee of just 1% on international transactions.

Cashback Engine Rules

The exact calculator logic parameters extracted from the terms & conditions.

Shopping
Reward: 10.0%
⚠️ Exceptions: Represents the 5X bonus. Rate applies to the top 2 spend categories monthly. Requires spending in at least 3 categories with a min. spend of ₹750 in each to qualify. A cap of 25,000 points (₹2,500) applies if Education, Utilities, or Insurance are in the top 2.
10%
Fuel Exclusion
Rent Exclusion
Wallet Load Exclusion
EMI Exclusion
⚠️ Exceptions: Merchant EMI transactions are not eligible for reward points.

Value Chart

Assuming basic spends for Federal OneCard Credit Card

Category Federal OneCard Credit Card Axis Bank Privilege Credit Card Samsung Axis Bank Signature Credit Card HDFC Bank BizPower Credit Card
₹
Joining Fee 		₹0 ₹0 ₹0 ₹0
₹
Annual Fee 		₹0 ₹1500 ₹500 ₹2500
🌍
Forex Markup 		1.0% 3.5% 3.5% 3.5%
%
Base Rate 		2.0% 5.0% 5.0% 2.67%
★
Known Rules 		5 rules 7 rules 10 rules 12 rules

Pros & Cons

✓

Pros

  • + Shopping — 10.0% Points
  • + Premium Metal Card
  • + Zero Joining & Annual Fees
  • + Non-Expiring Reward Points
  • + Instant Virtual Card
✗

Cons

  • − No reward on Fuel
  • − No reward on Rent
  • − No reward on Wallet Load
  • − No reward on EMI — Merchant EMI transactions are not eligible for reward points

Our Verdict

₹ Real Value Calculation (assumed ₹3L/year spend)

Est. Annual Rewards

₹6000

Annual Fee

₹0

Net Value

+₹6000

✅ At ₹3L/year spend, base rewards alone cover the fee. Additional benefits like lounge access add further value.

👍 Best For

  • › Regular earners with ₹50k–₹1.5L monthly spends
  • › Those seeking a balance of rewards and moderate fees
  • › Individuals without a salary slip who need an FD-backed card

👎 Not Worth It If…

  • › You rarely use premium benefits like lounges or concierge
  • › You prefer a no-annual-fee card with simpler terms

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Frequently Asked

The Federal OneCard is a lifetime-free credit card with no joining or annual fees.

You earn 5X points (10 points per ₹100) on your top 2 spending categories each month. To qualify, you must make purchases in at least 3 different categories during the month with a minimum spend of ₹750 in each.

1 reward point is worth ₹0.10 at the time of redemption.

Yes, reward points are not earned on fuel purchases, rent payments, wallet loads, EMI transactions, money transfers, and cash withdrawals.

No, the Federal OneCard does not come with complimentary airport lounge access benefits.

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