Ola Money SBI Card
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
Cashback Rate
Users will get 7% reward points on all Ola rides. Effective cashback rate: 7%
1 reward point = INR 1. Users will get 1% reward points on all other spends. General cashback rate = 1%.
5% cashback on flight tickets booked through Cleartrip.;
10% cashback on domestic hotels booked through Cleartrip.
6% cashback on international hotels booked through Cleartrip.
12% cashback on activities booked through Cleartrip.
Movie Benefits
Dining Benefits
Other Benefits
0 annual fee for the first year.
Lounge Access
Fees & Charges
Joining Fee
Annual Fee
INR�499 + Taxes from second year onwards.�
Cash Advance Fee
Cash Advance fees: 2.5% or Rs. 500 whichever is higher at domestic ATMs and 2.5% or Rs. 500, whichever is higher at international ATMs
Interest rate
3.50% per month (42% per annum) from the transaction date.
Late Payment Fee
Late Payment charges will be applicable if Minimum Amount Due is not paid by the payment due date. NIL for Outstanding Amount on payment date from Rs.0-Rs.500, Rs. 400 for Outstanding Amount greater than Rs. 500 & up to Rs. 1000; Rs. 750 for Outstanding Amount greater than Rs. 1000 & up to Rs. 10,000; Rs. 950 for Outstanding Amount greater than Rs. 10,000 up to Rs. 25,000; Rs. 1100 for Outstanding Amount greater than Rs. 25,000 & up to Rs. 50,000; Rs. 1300 for Outstanding Amount greater than Rs. 50,000.
Foreign Currency Transactions Fee
3.50%
Other Fees
Renewal Fee (per annum): INR 499 + Taxes from second year onwards. | Reward Redemption Fees: INR 99/- per redemption.
Cons
Low general cashback rate.
No free airport lounge visits.
No free movie tickets.
0 annual fee for the first year.
Rewards System: Users will get 7% reward points on all Ola rides. Effective cashback rate: 7% .1 reward point = INR 1. Users will get 1% reward points on all other spends. General cashback rate = 1%.
5% cashback on flight tickets booked through Cleartrip.
10% cashback on domestic hotels booked through Cleartrip.
6% cashback on international hotels booked through Cleartrip
12% cashback on activities booked through Cleartrip
Rewards & Benifits
Welcome Benefits
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Rewards System
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International Forex Markup
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Welcome Benefits and Reward System
Special Features
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Eligibility Criteria
Basic Requirements:
Age: 18 years to 60 years old
Occupation: Salaried or self-employed
Credit Score: Good credit history is preferred.
City of Residence: Specific income requirements may vary depending on your city of residence.
Employment Stability: Stable employment history is required.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
There are three major ways to apply for the Ola Money SBI Credit Card:
1. Online:
This is a quick and easy method.
Visit the SBI Card website:
Choose the "Credit Cards" button and go to the "Ola Money SBI Card" page.
Click on "Apply Now" and fill the online application form with all of your details.
Upload requisite documents, such as proof of identity, proof of address, and proof of income (latest salary slips or ITRs).
Submit the application form.
2. Offline:
Visit any SBI branch.
Ask for the Ola Money SBI Credit Card application form.
Fill out the application form with your details.
Attach the requisite documents.
Submit the application form to the bank representative.
3. By Phone:
Contact the SBI Card helpline at 1860-180-1290 or 3902-0202.
Request for an Ola Money SBI Credit Card application form.
The bank will send you the form by courier.
Fill out the form with all of your details.
Attach the requisite documents.
Send the completed application form back to the bank.
Contact Details
l 1860 500 1290, 1860 180 1290, 39 02 02 02(Prefix local the STD code) or 1800 180 1290 (Toll Free)
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
0 annual fee for the first year.
Rewards System: Users will get 7% reward points on all Ola rides. Effective cashback rate: 7% .1 reward point = INR 1. Users will get 1% reward points on all other spends. General cashback rate = 1%.
5% cashback on flight tickets booked through Cleartrip.
10% cashback on domestic hotels booked through Cleartrip.
6% cashback on international hotels booked through Cleartrip
12% cashback on activities booked through Cleartrip
Low general cashback rate.
No free airport lounge visits.
No free movie tickets.
The card is loaded with various discounts offers, USP of the card is 7% off on all OLA rides. This card is a must have for individuals who do not have their own vehicle.
The card is loaded with various discounts offers, USP of the card is 7% off on all OLA rides. This card is a must have for individuals who do not have their own vehicle.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
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Fuel Surcharge
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Billing Cycle
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