OneCard makes money through standard credit card revenue streams like interest on unpaid balances (revolving credit), late payment fees, and interchange fees (paid by merchants). Additionally, they earn from merchant commissions on offers, fees for premium features (like metal cards), EMI conversion fees, and potentially cross-selling other financial products, all managed via their user-friendly app.
OneCard generates revenue through interest and fees associated with its credit offerings and potential partnerships with merchants for transaction-based revenue. The company often adopts a freemium model, offering basic services for free while charging for premium features and credit services.
Mobile-first credit card startup OneCard (FPL Technologies) reported strong financial performance in FY25, with operating revenue rising 32% year-on-year to ₹1,878 crore, up from ₹1,425.5 crore in FY24, as the company moves closer to its profitability goals.
One Credit Card is a lifetime free credit card , which means it does not levy any annual fees. It does levy other credit card charges like late interest charges, international transaction charges, balance transfer fees, over-limit fees, and cash advance fees.
About FPL Technologies
The company also owns and operates the OneCard app, offering users access to various bank-approved co-branded credit cards, along with platforms like OneScore for credit score monitoring and Wizely for savings-related financial products.
For the ultra-rich, however, credit cards take on another dimension. Certain cards—like the Amex Centurion, JP Morgan Reserve, Dubai First Royale Mastercard, and Coutts World Silk Card—are considered more exclusive than others, and they're available only to high earners with ample assets.
Cons
The 2/3/4 Rule is an informal guideline, primarily used by Bank of America, that limits how many new credit cards you can be approved for: 2 within 30 days, 3 within 12 months, and 4 within 24 months. This rule helps issuers manage risk and impacts your ability to get new cards, though other lenders have similar restrictions, and it's crucial to balance opening new cards with managing existing ones responsibly.
The 2-2-2 credit rule is a guideline lenders use to assess a borrower's creditworthiness, requiring two active revolving credit accounts, open for at least two years, with a history of on-time payments for those two consecutive years, often with a minimum limit of $2,000 per account, to show financial stability for larger loans like mortgages. It demonstrates you can handle multiple credit lines responsibly, not just have a good score, building lender confidence.
With its minimalist design and cutting-edge tech stack, OneCard quickly scaled, becoming one of the fastest-growing fintech products in India. In July 2022, the startup achieved unicorn status after raising $100 million in a funding round led by Temasek, taking its valuation over $1.4 billion.
It offers one of the lowest forex markup rates at just 1%, compared to the standard market rate of 3.5% that most credit cards charges. This means you can save a lot if you make a large transaction.
Using 90% of your credit card limit results in a very high credit utilization ratio, which can significantly hurt your credit score. Lenders view high utilization as a sign that you might be overextended and at a higher risk of missing payments.
The "15" and "3" refer to the days before your credit card statement's closing date. Specifically, the rule suggests you make one payment 15 days before your statement closes and another payment three days before it closes.
You can cash transfer in literally 30 seconds. You can choose to get it transferred to your bank account or UPI Id.
The credit limit you can expect for a $70,000 salary across all your credit cards could be as much as $14000 to $21000, or even higher in some cases, according to our research. The exact amount depends heavily on multiple factors, like your credit score and how many credit lines you have open.
Improving your credit in 30 days is possible. Ways to do so include paying off credit card debt, becoming an authorized user, paying your bills on time and disputing inaccurate credit report information.
That said, most experts recommend limiting your credit utilization ratio (the percentage of credit that you're currently using) to just 30% of your credit limit. So, in this case, if your limit is $1,000, you shouldn't spend more than $300.
No Hidden Fees Ever.
No Joining Fees. No Annual Fees. No Rewards Redemption Fees. Control all aspects of your One Credit Card from the powerful OneCard app - transaction limit, domestic/international use, online/offline use, contactless payments and much more.
That means a debt you haven't paid in 7+ years won't show up on your credit anymore. ✅ BUT: That doesn't mean the debt is legally gone. It's just no longer visible on your credit report. Collectors can still contact you, and in some cases, they can still sue you or enforce old judgments.
For him, money is just a resource that enables Reliance Industries to take risks for further growth. And the answer to the million-dollar question is Mukesh Ambani himself reveals that he never carries cash or credit cards in his pocket. According to Ambani, he always has someone nearby to pay his bills.
Joseph Safra is considered the wealthiest banker in the world. He was a Brazilian-Lebanese banker and the founder of Banco Safra. At the time, his net worth was estimated to be around $19.9 billion, making him one of the richest individuals and the wealthiest banker globally. Which country is best to work as a banker?
Even wealthier than JP Morgan was John D. Rockefeller, America's first billionaire and founder of the Standard Oil Company. While Morgan was born into wealth, Rockefeller started at the bottom as a clerk. After the Civil War, Rockefeller realized that oil would be the future of powering an industrialized America.