OLA Money SBI Credit Card
State bank of india State bank of india

OLA Money SBI Credit Card

/assest/image/icons/co-brand.svg Co-branded
/assest/image/icons/fuel.svg Fuel
/assest/image/icons/rewards.svg Reward Points
MyBankingTips Rating

Joining Fee: ₹0* Plus Applicable Taxes

Renewal Fee: ₹499*Plus Applicable Taxes

Co-branded Co-branded
Fuel Fuel
Reward Points Reward Points
MyBankingTips Rating

Joining Fee: ₹0* + Tax

Renewal Fee: ₹499* + Tax

Check your eligibility For This Card

this will not affect your credit score

By submitting this form, you have read and agree to the Credit Report Terms of Use, Terms & Conditions & Privacy Policy

About The Card Rewards Program Features & Benefits Fees & Charges Thinks We Know FAQs

About OLA Money SBI Credit Card

The Ola Money SBI Card is a co-branded credit card from SBI Card and Ola. It gives you great savings, like 7% reward points on Ola rides and 1% cashback on all other spends. While there is a monthly limit on the Ola ride rewards, you can earn unlimited points on other purchases. You can use your reward points to pay for future Ola rides through the Ola Money wallet at a 1:1 value.

This card is perfect for people who frequently use Ola cabs for daily travel. It has no joining fee, and the annual fee from the second year can be waived easily by meeting a simple spending requirement, so you can avoid extra charges.

The Ola Money SBI Card is a co-branded credit card from State Bank of India and Ola cabs. It’s designed for people who often travel by cab and gives rewards on Ola rides. The card has no joining fee and charges an annual fee of Rs. 499.

OLA Money SBI Credit Card Rewards Program

Reward Rate:

  • Earn 7% reward points on Ola rides, up to 500 points per month.
  • Earn 1% reward points on all other purchases.

Rewards Redemption:

  • Reward points are automatically added to your Ola Money Wallet.

Redemption Value:

  • 1 reward point equals Rs. 1.

Other Features and Benefits

Ola Ride Benefits:

  • Earn 7% reward points on all Ola rides.
  • Reward points are added directly to your Ola Money Wallet.

Travel Benefits:

  • Get 5% cashback on flight tickets booked through Cleartrip.
  • Enjoy up to 10% cashback on domestic hotel bookings via Cleartrip.
  • Earn 6% cashback on international hotel bookings on Cleartrip.
  • Get 12% cashback on activities booked through Cleartrip with this card.

Fuel Benefits:

  • Get a 1% waiver on fuel surcharge for all fuel purchases across India.
  • The maximum fuel surcharge waiver is Rs. 100 per month.

Fee Waiver:

  • Annual fee is waived if you spend at least Rs. 1 lakh in the previous year.

Fees and Charges

Type of ChargeAmount
Annual FeeRs.499
Renewal feeRs.499
Finance ChargesUp to 3.35% monthly
Add-on feeNil
Cash Advance Fee
  1. 2.5% of the amount withdrawn or Rs.500 (Domestic ATMs)
  2. 2.5% of the amount withdrawn or Rs.500 (International ATMs)
Finance Charges3.50% per month or 42% per annum
Payment dishonor fee2% of the payment amount; minimum of Rs.450
Statement requestRs.100 per statement (more than 2 months old)
Cash Payment FeeRs. 250
Late payment charges
  1. From Rs.0 to Rs.500 - Nil
  2. More than Rs.500 up to Rs.1,000 - Rs.400
  3. More than Rs.1,000 up to Rs.10,000 - Rs.750
  4. More than Rs.10,000 up to Rs.25,000 - Rs.950
  5. More than Rs.25,000 up to Rs.50,000 - Rs.1,100
  6. More than Rs.50,000 - Rs.1,300
Cheque payment feeRs.100
Over limit fee2.5% of the over limit amount; minimum of Rs.600
Rewards redemption feeRs.99
Foreign currency transaction3.50%

Things to Know Before you apply

Get this card if:

  • You travel often and mainly use Ola for your daily rides.
  • You spend moderately and want a credit card with a low annual fee.
  • You plan to use your reward points as Ola Money wallet balance to save more on rides.

Eligibility Criteria

  • Age: 21 to 70 years
  • Occupation: Salaried or Self-employed
  • Credit Score: Should have a good credit history

Document Required For OLA Money SBI Credit Card

  • Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter ID
  • Proof of Address: Aadhaar Card, Driver’s License, Passport
  • Proof of Income: Latest 3 salary slips, Last 3 months’ bank statement

OLA Money SBI Credit Card Hilights

What do we like about this card?

  • No joining fee for this card.
  • Earn 7% reward points on all Ola rides and Ola postpaid payments.
  • Earn 1% reward points on all other purchases.
  • Enjoy exclusive travel deals from Cleartrip.
  • Get a 1% waiver on fuel surcharge for all fuel purchases.

Pros

  • Earn 7% rewards on Ola rides.
  • Get unlimited 1% rewards on all other spends.
  • Redeem reward points at a 1:1 ratio for Ola Money wallet.
  • Low spending requirement to waive the annual fee.

Cons

  • Monthly cap on rewards earned from Ola rides.
  • Reward points can only be redeemed through the Ola Money wallet.

SBI Bank Credit Card Contact Details

SBI Bank Credit Card offers multiple ways to get assistance for your credit card queries and services.

  • Contact Address: SBI Cards and Payment Services Limited, Wazirpur, New Delhi
  • Helpline: Dial 39 02 02 02 or 1860 180 1290 (prefix local STD code)
  • Simply SMS: Send an SMS to 5676791 from your registered mobile number.

Explore other Card Categories

Explore Cards from All Banks

Card Icon
You're Pre-Approved - Unlock Exclusive Credit Card Offers!
Choose from 80+ Credit Cards
Compare Top Deals Instantly
Apply Now