OneCard - OneCard Lite

[Sushubh]

They have two percent cashback I believe so better than Amazon for regular purchases.

 

[mhsabir]

I thought for OneCard, it's max of 1% provided there are two or more categories of spends and not 2%.

Slice too has 1% and cumulative spends over time make it 2%

 

[Jonas]

OneCard - You can unlock 5X Multiplier by spending on three different categories.

Not sure what Sushubh is talking about though.

 

[mhsabir]

Right three categories. So essentially it's 1% on top two categories and 0.2% on third and more and if you spent only on two categories then it's just 0.2% on all. So rewards-wise Amazon pay is better.

 

[Sushubh]

Not sure what Sushubh is talking about though.

You told me: "If Rs. 50 gets you 1 reward point, which is Rs. 1 (One Card)." lol.

 

[Jonas]

Yeah, and that's what the company says.

With OneCard, your reward points are issued instantly, and they get displayed in the OneCard app. For every Rs. 50 spent, you get 1 reward point.

But 10 Ps = Rs.1

 

[Sushubh]

I thought you meant one point is one rupee above.

 

[Jonas]

The only benefit of using this card is while available offers and unlocking 5x multiplier by spending on three different categories.

Main issue people experience is that it's not accurate in reporting categories. For instance, my transactions on Swiggy show as grocery.

 

[mhsabir]

There has to be a 3rd category on which you will not get 5x, in other words which you will get 0.2% - effectively making it overall not 1%.

 

[Jonas]

In any month, if you transact in 3 or more different categories, then for the top 2 Categories your rewards points will be multiplied by 5.

For example: If you transact for ₹500 for Ordering Packet Food Items (Grocery), ₹500 for Booking Movie Tickets,(Entertainment), and ₹100 for Train Tickets (Travel) Booking in any month, then, for your Grocery and Entertainment category, Rewards Points will be 5x the usual 0.2% rate. So, you will be getting 1% rewards points for those two categories. That is 5 Reward Points each for Grocery and Entertainment, and 0.2 Reward Points for Travel.

The categories where you will receive 5x points (1% rewards points) will keep changing depending on your purchase type. It will auto-select the top 2 categories at the end of each month. Source: hitricks.com

@mhsabir Which CC have you found to be the best in regards to rewards?