SBI
SBI OLA Money Credit Card
This card is no longer offered by bank
This card is no longer sourceable
This card is no longer offered by bank
Top Benefits
Earn 7% Reward Points on Every Ola Ride
capped at 500 Reward Points per statement cycle
Earn 1% Reward Points on All Other Spends
with 1 Reward Point worth ₹1 credited straight to your Ola Money wallet
Best For
Shopping
Travel
Expert Review
Joining / Annual Fee
Joining Fees
₹0 ( ₹0 + GST )
Annual Fees
₹589 ( ₹499 + GST )
Eligibility
Age
Criteria*
21-60 years
Salary
Criteria*
3LPA
Credit
Rating*
720+
New to credit
allowed
Yes
Existing Bank
Customer Allowed
No
All Card Benefits
- 7% Reward Points on all Ola rides, capped at 500 Reward Points per statement cycle
- 1 Reward Point = ₹1, credited automatically to your OLA Money Wallet
- additional 8% Reward Points on Ola rides in the first year
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Reward Point = ₹1
Redemption Options
Automatic credit to your OLA Money Wallet
To check redemption catalogue
N/A
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Fuel
Rent
Cash Advance
EMI
Balance Transfer
For Spends Waiver
Fuel
Rent
Cash Advance
EMI
Balance Transfer
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  .50% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency | 3.5% |
APR Fees Finance charges of 3.75% per month 45% per annum apply on unpaid outstanding balances until the amount is fully repaid | 3.75% |
ATM withdrawal 2.50% of the withdrawn amount is charged on cash advances using the credit card minimum ₹500, if applicable | 2.5% |
Reward Redemption Fees Reward Redemption is Not Applicable | Not Applicable |
Link for all T&Cs | Click Here |
Railway Surcharge A surcharge of 1% is applied to transactions made for booking railway tickets | 1% |
Rent Payment Fees A surcharge fee of ₹199 + GST applies on rental transactions made using the credit card | ₹199 |
cheque Payment Fees A fee of ₹200 is charged for payments made by cheque. A separate payment dishonour fee of 2% of the payment amount, subject to a minimum of ₹500 | ₹200 |
Cash Payment Fees A fee of ₹250 is charged for payments made by depositing cash at a bank branch | ₹250 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹500 | ₹0 |
| ₹501 - ₹1,000 | ₹400 |
| ₹1,001 - ₹10,000 | ₹750 |
| ₹10,001 - ₹25,000 | ₹950 |
| ₹25,001 - ₹50,000 | ₹1100 |
| Above ₹50,000 | ₹1300 |
That’s the full story of this credit card
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Top Benefits
Top Benefits
Earn 7% Reward Points on Every Ola Ride
capped at 500 Reward Points per statement cycle
Earn 1% Reward Points on All Other Spends
with 1 Reward Point worth ₹1 credited straight to your Ola Money wallet
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