Looking to get your hands on the OLA Money SBI Card? Here’s everything you need to know!
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The OLA Money SBI Credit Card is a co-branded credit card issued by the SBI Card in partnership with Ola, India's leading ride-hailing platform. This card is designed for frequent Ola users who want to earn rewards on their rides and enjoy other benefits like fuel surcharge waivers and travel offers.
Features and Benefits
Rewards on Rides
Earn 7% reward points on all Ola rides and Ola postpaid spends, one of the highest reward rates offered on cab bookings in India. You can redeem these points for Ola Money, for future rides, food order Read Mores, and other payments within the Ola app. Read Less
Rewards on Other Spends
Earn 1% reward points on all other spends. This means you can earn rewards on all your other expenses, such as groceries, dining, and online shopping.
Welcome Gift
Get a welcome gift of 500 reward points (worth ₹50) and a voucher worth ₹500 on flight or hotel bookings on Cleartrip upon joining.
0 Joining Fee for the 1st Year
You don't have to pay any joining fee to get this card in the first year.
Renewal Fee Waiver
The annual fee of ₹499 is waived if you spend ₹1 Lakh or more in a year.
Fuel Surcharge Waiver
Get 1% fuel surcharge waiver at fuel stations across India.
International Acceptance
This card is an international credit card and can be used at over 24 million outlets worldwide.
Other Benefits
Enjoy additional benefits like access to airport lounges, complimentary movie tickets, and discounts on Cleartrip bookings.
Eligibility Requirements
To be eligible for the OLA Money SBI Credit Card, you must meet the following criteria:
Minimum age of 18 years
Salaried/self-employed with a minimum income of ₹25,000 per month
Good credit score
A copy of your proof of identity - PAN, Aadhaar, Passport, Driving Licence, Voter ID
A copy of your proof of address - Aadhaar, Passport, Driving Licence, Voter ID
- A copy of your proof of income - Latest salary slip, Form 16, or Income Tax Return with computation of income
This card is not available on the Bajaj Markets website. You can apply for the OLA Money SBI Credit Card online through the SBI Card website or the Ola app. The application process is straightforward.
Want to know about any existing Ola credit card offers or about its various features? Simply contact the Ola Money SBI Credit Card customer care number to get them clarified immediately.
You can get in touch with the SBI credit card customer care through these numbers - 1860 500 1290, 1860 180 1290, or 39 02 02 02 (with the local STD code prefixed).
Most credit cards come with certain fees and charges, here are some associated with the OLA Money SBI Credit Card:
Fees and Charges |
Amount |
First Year Fees |
Not Applicable |
Renewal Fees |
₹499 (waived if the spending during the previous year is equal to or exceeds ₹1,00,000) |
Finance Charges |
3.50% per month |
Annual Fees for Add-on Cards |
Not Applicable |
Fees for Cash Withdrawals |
2.5% of the total cash withdrawn or ₹500, whichever is higher |
Card Replacement Fees |
₹100 |
Late Payment Fees |
Ranges between ₹400 and ₹1,300, depending on the total unpaid outstanding amount on the card |
Fee for Cheque Dishonour or Returns |
2% of the payment amount or ₹500, whichever is higher |
Overlimit Fee |
2.5% of the amount over the limit or ₹500, whichever is higher |
Foreign Currency Transaction Fees |
3.50% of the total transaction amount |
Disclaimer: The aforementioned fees and charges are subject to change at the issuer's discretion. Please refer to the issuer's MITC document for more details.
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
About Credit Cards Services
- Apply for Credit Card
- Best Fuel Credit Card
- Business Credit Card
- Credit Card Settlement
- Corporate Credit Card
- Credit Card against Fixed Deposit
- Credit Card Documents
- Credit Card Eligibility Criteria
- Credit Card EMI
- Features & Benefits of Credit Card
- Interest Rate on Credit Card
- International Credit Card
- Credit Card Limit
- Credit Card Lounge Access
- Credit Card Netbanking
- Credit Card Bill
- Credit Card Pin Generation
- Credit Card Reward
- Shopping Credit Card
- Check Credit Card Statement
- Types of Credit Card
- Credit Card Billing Cycle
- Credit Card Meaning
- Best Credit Card In India
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Non Partners Credit Cards
Frequently Asked Questions
How do I redeem my OLA Money SBI Credit Card points?
Convert points to Ola Money: 100 points = ₹1 in Ola Money, perfect for future rides, food orders, and other Ola app payments.
Redeem for exciting rewards: Choose from a wide range of options, including electronics, appliances, gift vouchers, movie tickets, and more.
Transfer points to SBI Rewards: If you have other SBI cards, you can transfer points for even more redemption options.
Is there an annual fee associated with the OLA Money SBI Credit Card?
Yes, there's a ₹499 annual fee, but you can waive it by spending ₹1 Lakh in a year.
Who is eligible for this card?
You must be at least 18 years old, have a minimum monthly income of ₹25,000, and have a good credit score.
Where can I apply for the OLA Money SBI Credit Card?
You can apply online through the SBI Card website or the Ola app.
What are some of the benefits of the OLA Money SBI Credit Card?
Here are some bonus perks:
Fuel surcharge waiver: Get 1% off fuel surcharges at petrol pumps across India.
International acceptance: Use your card at over 24 million outlets worldwide.
Other benefits: Enjoy airport lounge access, complimentary movie tickets, and discounts on Cleartrip bookings.
