SBI

SBI OLA Money Credit Card

Apply for OLA Money SBI Card and earn 7% Reward Points on Ola rides and 1% on all other spends, with nil joining fee and ₹499 renewal fee

ShoppingTravel
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Issued by

SBI

SBI OLA Money Credit Card image
Joining FeeFree
Annual Fee₹499
Income₹25000
Credit Score720

Key Highlights

Travel

Earn 7% Reward Points on Every Ola Ride

capped at 500 Reward Points per statement cycle

Earn 7% Reward Points on Every Ola Ride

capped at 500 Reward Points per statement cycle

Shopping

Earn 1% Reward Points on All Other Spends

with 1 Reward Point worth ₹1 credited straight to your Ola Money wallet

Earn 1% Reward Points on All Other Spends

with 1 Reward Point worth ₹1 credited straight to your Ola Money wallet

Eligibility

Age Criteria21-60
Credit Score720
Salaried Income₹3 LPA
Self-employed Income₹3 LPA
Employment TypeSelf Employed, Salaried
New to CreditEligible

Fees & Waivers

Joining FeeFree
Joining Fee OffsetFirst-year rewards offer additional 8% Reward Points on all Ola rides, capped at 500 Reward Points per statement cycle
Annual Fee₹499
Annual Fee WaiverThe annual fee is waived if you spend ₹1 lakh or more in a year on your card, as per bank policy
Estimated Annual Saving₹10000

Rewards & Redemption

Reward Conversion1 Reward Point = ₹1
Redemption Options

Automatic credit to your OLA Money Wallet 

Earning ExclusionsFuel, Rent, Cash Advance, EMI, Balance Transfer
Spend ExclusionsFuel, Rent, Cash Advance, EMI, Balance Transfer

Benefits

All 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

Welcome Benefits

  • Additional 8% Reward Points on all Ola rides in the first year, during the bank’s offer period, capped at 500 Reward Points per statement cycle 

Cab Benefits

  • 7% Reward Points on all Ola rides, capped at 500 Reward Points per statement cycle and credited to your OLA Money Wallet 

Fuel Surcharge Waiver Benefits

  • 1% fuel surcharge waiver at all petrol pumps across India, capped at ₹100 per statement cycle

bank Offer

  • Flexipay EMI conversion on eligible spends

Documents

PAN Card
Aadhaar Card or valid address proof
Latest salary slips or income proof
Recent bank statements

Terms

The bank may offer a different card variant based on your eligibility; please carefully review the features and benefits of the card offered before submitting your application
A minimum transaction of ₹100 within 30 days of card issuance is required to activate the card, failing which you will not be eligible for rewards
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