{"id":84776,"date":"2026-01-22T15:02:50","date_gmt":"2026-01-22T09:32:50","guid":{"rendered":"https:\/\/piceapp.com\/blogs\/?p=84776"},"modified":"2026-01-22T15:03:04","modified_gmt":"2026-01-22T09:33:04","slug":"one-card-credit-card-interest-rate","status":"publish","type":"post","link":"https:\/\/piceapp.com\/blogs\/one-card-credit-card-interest-rate\/","title":{"rendered":"All About OneCard Credit Card Interest Rate in 2026"},"content":{"rendered":"\n<div class=\"wp-block-group has-background\" style=\"background-color:#f2f5f9\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<h3 class=\"wp-block-heading\" id=\"key-takeaways\">Key Takeaways<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The One Card credit card interest rate is fixed at 3.75% per month or 45% per annum across all partner banks.<\/li>\n\n\n\n<li>Interest is charged daily on the entire outstanding balance if full payment is not made by the due date.<\/li>\n\n\n\n<li>Paying only the minimum due avoids late fees but does not stop interest accumulation at the one card credit card interest rate.<\/li>\n\n\n\n<li>Cash withdrawals using One Card attract immediate interest with no interest-free period.<\/li>\n\n\n\n<li>Paying the total amount due on time helps you fully enjoy the 48-day interest-free period and avoid the one card credit card interest rate.<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p>One Card is one of the few lifetime free credit cards that you can get in India. This credit card is issued by some prominent institutions in the country, including South Indian Bank, SBM Bank, <a href=\"https:\/\/www.bobcard.co.in\/\" target=\"_blank\" rel=\"noopener\">BOB Financial<\/a>, Indian Bank, CSB Bank and Federal Bank.<\/p>\n\n\n\n<p>This card is suitable for individuals who are new to the credit card world. It offers up to 5X rewards on spending. If you are planning to get this credit card, then this blog will provide you with all the information that you need to know regarding the One Card credit card interest rate.<\/p>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><h2>Table of Contents<\/h2><nav><ul><li><a href=\"#one-card-credit-card-interest-rate\">One Card Credit Card Interest Rate<\/a><\/li><li><a href=\"#how-is-one-card-credit-card-interest-calculated\">How is One Card Credit Card Interest Calculated?<\/a><\/li><li><a href=\"#5-conditions-for-charging-one-card-credit-card-interest\">5 Conditions for Charging One Card Credit Card Interest<\/a><\/li><li><a href=\"#interest-free-period-for-one-card-credit-card\">Interest-free Period for One Card Credit Card<\/a><\/li><li><a href=\"#conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"one-card-credit-card-interest-rate\"><strong>One Card Credit Card Interest Rate<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"533\" src=\"https:\/\/piceapp.com\/blogs\/wp-content\/uploads\/2026\/01\/One-Card-Credit-Card-Interest-Rate.jpeg\" alt=\"One Card Credit Card Interest Rate\" class=\"wp-image-84778\" style=\"width:840px;height:auto\" title=\"\" srcset=\"https:\/\/piceapp.com\/blogs\/wp-content\/uploads\/2026\/01\/One-Card-Credit-Card-Interest-Rate.jpeg 800w, https:\/\/piceapp.com\/blogs\/wp-content\/uploads\/2026\/01\/One-Card-Credit-Card-Interest-Rate-300x200.jpeg 300w, https:\/\/piceapp.com\/blogs\/wp-content\/uploads\/2026\/01\/One-Card-Credit-Card-Interest-Rate-150x100.jpeg 150w, https:\/\/piceapp.com\/blogs\/wp-content\/uploads\/2026\/01\/One-Card-Credit-Card-Interest-Rate-768x512.jpeg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><figcaption><\/figcaption><\/figure>\n\n\n\n<p>One Card credit card interest rate across all banks is 3.75% per month or 45% per annum. Below is the list of banks offering this co-branded credit cards:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>South Indian Bank<\/li>\n\n\n\n<li>SBM Bank<\/li>\n\n\n\n<li>BOB Financial<\/li>\n\n\n\n<li>Indian Bank<\/li>\n\n\n\n<li>CSB Bank<\/li>\n\n\n\n<li>Federal Bank<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-is-one-card-credit-card-interest-calculated\"><strong>How is One Card Credit Card Interest Calculated?<\/strong><\/h2>\n\n\n\n<p>Interest rate is calculated on the basis of the formulae given below:<\/p>\n\n\n\n<p>((Number of days x Entire outstanding amount x (Interest rate per month x 12 months))\/365 days.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"example-for-interest-rate-calculation-dues-revolved-fresh-purchase\"><strong>Example for Interest Rate Calculation: Dues Revolved, Fresh Purchase<\/strong><\/h3>\n\n\n\n<p>Statement Date: 1 March 2025<\/p>\n\n\n\n<p>Opening Amount Due: \u20b99,927.23<\/p>\n\n\n\n<p>Payment Due Date: 18 March 2025<\/p>\n\n\n\n<p>Payment made: \u20b9500 on 10 March 2025<\/p>\n\n\n\n<p>New purchase: \u20b95,000 on 20 March 2025<\/p>\n\n\n\n<p>Interest will be charged as follows:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Balance (\u20b9)<\/strong><\/td><td><strong>Period<\/strong><\/td><td><strong>No. of days<\/strong><\/td><td><strong>Formula<\/strong><\/td><td><strong>Interest (\u20b9)<\/strong><\/td><\/tr><tr><td>9,927.23<\/td><td>01\u201309 Mar<\/td><td>9<\/td><td>(9 \u00d7 9,927.23 \u00d7 0.45) \/ 365<\/td><td>110.15<\/td><\/tr><tr><td>9,427.23<\/td><td>10\u201319 Mar<\/td><td>10<\/td><td>(10 \u00d7 9,427.23 \u00d7 0.45) \/ 365<\/td><td>116.23<\/td><\/tr><tr><td>14,427.23<\/td><td>20\u201331 Mar<\/td><td>12<\/td><td>(12 \u00d7 14,427.23 \u00d7 0.45) \/ 365<\/td><td>213.44<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Total interest charged: \u20b9110.15 + \u20b9116.23 + \u20b9213.44 = \u20b9439.82<\/li>\n\n\n\n<li>GST at 18% on interest: 0.18 \u00d7 \u20b9439.82 = \u20b979.17<\/li>\n\n\n\n<li>Outstanding principal on 1 Apr 2025 = Opening balance \u2212 payment + new purchase = \u20b99,927.23 \u2212 \u20b9500 + \u20b95,000 = \u20b914,427.23<\/li>\n\n\n\n<li>Total Amount Due on 1 April 2025 = Principal (\u20b914,427.23) + Interest (\u20b9439.82) + GST (\u20b979.17) = \u20b914,946.22<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"example-for-interest-rate-calculation-dues-not-paid-in-full\"><strong>Example for Interest Rate Calculation: Dues Not Paid In Full<\/strong><\/h3>\n\n\n\n<p>Purchase: \u20b910,000 on 15 January 2025<\/p>\n\n\n\n<p>Statement Date: 1 February 2025<\/p>\n\n\n\n<p>Amount shown as due: \u20b910,000<\/p>\n\n\n\n<p>Payment Due Date: 18 February 2025<\/p>\n\n\n\n<p>Payment made: \u20b9500 on 10 February 2025<\/p>\n\n\n\n<p>No other transactions during February.<\/p>\n\n\n\n<p>Interest will be charged as follows:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Balance (\u20b9)<\/strong><\/td><td><strong>Period<\/strong><\/td><td><strong>No. of days<\/strong><\/td><td><strong>Calculation (using 45% p.a.)<\/strong><\/td><td><strong>Interest (\u20b9)<\/strong><\/td><\/tr><tr><td>10,000<\/td><td>15\u201331 Jan<\/td><td>17<\/td><td>(17 \u00d7 10,000 \u00d7 0.45) \/ 365<\/td><td><strong>209.59<\/strong><\/td><\/tr><tr><td>10,000<\/td><td>01\u201309 Feb<\/td><td>9<\/td><td>(9 \u00d7 10,000 \u00d7 0.45) \/ 365<\/td><td><strong>110.96<\/strong><\/td><\/tr><tr><td>9,500<\/td><td>10\u201328 Feb<\/td><td>19<\/td><td>(19 \u00d7 9,500 \u00d7 0.45) \/ 365<\/td><td><strong>222.53<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Total interest charged: \u20b9209.59 + \u20b9110.96 + \u20b9222.53 = \u20b9543.08<\/li>\n\n\n\n<li>GST at 18% on interest: 0.18 \u00d7 \u20b9543.08 = \u20b997.75<\/li>\n\n\n\n<li>Outstanding principal on 1 Mar 2025= Opening purchase \u2212 payment = \u20b910,000 \u2212 \u20b9500 = \u20b99,500<\/li>\n\n\n\n<li>Total Amount Due on 1 March 2025 = Principal (\u20b99,500) + Interest (\u20b9543.08) + GST (\u20b997.75) = \u20b910,140.83 (rounded)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"5-conditions-for-charging-one-card-credit-card-interest\"><strong>5 Conditions for Charging One Card Credit Card Interest<\/strong><\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Repayment Amount is Less than Minimum Amount Due<\/strong><\/li>\n<\/ol>\n\n\n\n<p>If the amount you pay after your monthly statement is issued is less than the minimum due amount, then an interest rate will be charged. This situation needs to be avoided at all costs because it can lead to your account being reported to the credit bureaus as delinquent.<\/p>\n\n\n\n<ol start=\"2\" class=\"wp-block-list\">\n<li><strong>Paying More than Minimum Amount Due But Less than Total Amount Due<\/strong><\/li>\n<\/ol>\n\n\n\n<p>If you pay more than the minimum due but less than the full amount, interest keeps adding. Charges apply not only to the pending balance but also to every new purchase.<\/p>\n\n\n\n<ol start=\"3\" class=\"wp-block-list\">\n<li><strong>Failing to Pay Outstanding Dues Within the Due Date<\/strong><\/li>\n<\/ol>\n\n\n\n<p>If you skip paying your OneCard bill, interest applies on the pending balance and all new spends after the due date until cleared. You also face a Late Payment Charge. Non-payment gets reported to credit bureaus as delinquency, which hurts your credit score and damages your credit profile.<\/p>\n\n\n\n<ol start=\"4\" class=\"wp-block-list\">\n<li><strong>Using OneCard to Withdraw Cash from an ATM<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Withdrawing cash from an ATM using OneCard attracts immediate interest from the transaction date. A cash advance fee also applies. These charges continue until you fully repay the withdrawn amount.<\/p>\n\n\n\n<ol start=\"5\" class=\"wp-block-list\">\n<li><strong>Paying Only the Minimum Amount Due by the Due Date<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Paying only the Minimum Due saves you from Late Payment Charges. Still, interest adds to the remaining balance and on every new purchase after the due date.<\/p>\n\n\n\n<p>\ud83d\udca1Pay your credit card bills in an easy and secure way with<a href=\"https:\/\/piceapp.com\/\"> the PICE App<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"interest-free-period-for-one-card-credit-card\"><strong>Interest-free Period for One Card Credit Card<\/strong><\/h2>\n\n\n\n<p>Interest free period for each of the banks that provide OneCard credit cards is up to 48 days. However, if you fall under any of the above 5 conditions, your interest free period for the next month will stop immediately.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"conclusion\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p>The One Card credit card interest rate of 3.75% per month (45% annually) may look simple, but the impact varies with repayment habits. <\/p>\n\n\n\n<p>Partial payments, ATM cash withdrawals or paying only the minimum due can lead to immediate charges and end the 48-day interest-free window. So, you need to know how to manage dues smartly to ensure that the credit card remains beneficial to you without additional interest.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"fa-qs\">FAQs<\/h3>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1769073678131\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What is the One Card credit card interest rate?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The One Card credit card interest rate is 3.75% per month, equivalent to 45% per year.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1769073910469\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Is the One Card interest rate the same for all issuing banks?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes, the interest rate is uniform across all partner banks.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1769073945520\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">When does One Card start charging interest?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Interest starts if you do not pay the total amount due by the payment due date at the one card credit card interest rate.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1769073991415\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Is interest charged on new purchases after partial payment?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes, once dues are revolved, the One Card credit card interest rate applies to both old and new transactions.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1769074027952\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Can the One Card interest rate be reduced?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>No, the One Card credit card interest rate is fixed and cannot be negotiated.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Key Takeaways One Card is one of the few lifetime free credit cards that you can get in India. This credit card is issued by some prominent institutions in the country, including South Indian Bank, SBM Bank, BOB Financial, Indian Bank, CSB Bank and Federal Bank. This card is suitable for individuals who are new [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":84777,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-84776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credit-card"],"_links":{"self":[{"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/posts\/84776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/comments?post=84776"}],"version-history":[{"count":1,"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/posts\/84776\/revisions"}],"predecessor-version":[{"id":84779,"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/posts\/84776\/revisions\/84779"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/media\/84777"}],"wp:attachment":[{"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/media?parent=84776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/categories?post=84776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/piceapp.com\/blogs\/wp-json\/wp\/v2\/tags?post=84776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}