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.
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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 Charge Amount Annual Fee Rs.499 Renewal fee Rs.499 Finance Charges Up to 3.35% monthly Add-on fee Nil Cash Advance Fee 2.5% of the amount withdrawn or Rs.500 (Domestic ATMs) 2.5% of the amount withdrawn or Rs.500 (International ATMs) Finance Charges 3.50% per month or 42% per annum Payment dishonor fee 2% of the payment amount; minimum of Rs.450 Statement request Rs.100 per statement (more than 2 months old) Cash Payment Fee Rs. 250 Late payment charges From Rs.0 to Rs.500 - Nil More than Rs.500 up to Rs.1,000 - Rs.400 More than Rs.1,000 up to Rs.10,000 - Rs.750 More than Rs.10,000 up to Rs.25,000 - Rs.950 More than Rs.25,000 up to Rs.50,000 - Rs.1,100 More than Rs.50,000 - Rs.1,300 Cheque payment fee Rs.100 Over limit fee 2.5% of the over limit amount; minimum of Rs.600 Rewards redemption fee Rs.99 Foreign currency transaction 3.50%
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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 yearsOccupation : Salaried or Self-employedCredit 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 IDProof of Address: Aadhaar Card, Driver’s License, PassportProof 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 DelhiHelpline : 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.
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