A smart choice for seamless travel and daily savings
7% rewards on Ola rides & Postpaid
1% waiver on fuel surcharge
Annual fee waiver on ₹1L spends
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| Benefit | Details |
|---|---|
| Exclusive Travel Rewards | 7% reward points on Ola ride and Ola Postpaid spends, credited directly to Ola Money wallet |
| Straightforward Cashback | Reward points value: 1 Reward Point = ₹1, redeemable instantly for Ola rides and more |
| Simple Waiver Conditions | Annual fee of ₹499; waived for annual spends over ₹1 lakh |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver on fuel transactions, maximum benefit ₹100/month |
| No Joining Fee | Zero joining fee, making the card accessible and cost-effective |
| Attribute | Classification |
|---|---|
| Issuer / Provider | SBI Card & Payment Services Ltd. |
| Bank / Non-bank | Bank-affiliated |
| Category | Travel / Everyday Rewards |
| Type of Card | Visa |
| Free or Paid | No joining fee, ₹499 annual fee (waived on ₹1L spends) |
The OLA Money SBI Credit Card is suited for individuals who make frequent Ola cab bookings and value practical rewards for everyday travel. It provides straightforward accumulation and redemption of points for Ola rides, fuel, and select lifestyle spends, emphasising ease of use and cost-effective travel across India.
High Co-Branded Reward Rate: Offers 7% reward points on Ola rides and Ola Postpaid transactions, credited directly to the Ola Money wallet.
Base Rewards on Other Retail Spends: Earn 1% reward points on spends made outside the Ola ecosystem, providing value on everyday usage.
Waiverable Annual Fee: Comes with an annual fee of ₹499, which can be waived upon achieving the required annual spend threshold.
Fuel Surcharge Benefit: Provides a 1% fuel surcharge waiver on eligible transactions, subject to the monthly cap as specified by the issuer.
Simple Reward Redemption: Reward points are auto-credited into the Ola Money wallet at a conversion rate of 1 Reward Point = ₹1, enabling instant and easy redemption.
Best for Frequent Ola Users: Ideal for individuals who regularly book Ola rides, offering meaningful value through focused travel-based rewards.
7% Reward Points: Earn on Ola rides, Ola Postpaid, and wallet loads, credited to your Ola Money wallet. Capped at Rs.500 in points per month
1% Reward Points: Any retail spends outside Ola (excluding select merchants or wallet loads)
Use Ola Money wallet balance for cab rides, recharges, partner brands, and select bill payments instantly
Annual spend of ₹1 lakh: Annual fee of ₹499 is waived for the next year, subject to eligibility
1% waiver at all fuel stations on eligible transactions, capped at ₹100 per statement cycle
Disclaimer: The card features, benefits, application process, and other details mentioned above are accurate at the time of writing but may change without prior notice.
| Fee Type | Amount | Details |
|---|---|---|
| Joining Fee | ₹0 | No initial fee |
| Annual Fee | ₹499 | Waived on spends ≥ ₹1 lakh |
| Renewal Fee | ₹499 | Waived on spends ≥ ₹1 lakh |
| Add-on Card Fee | ₹0 | No charge for supplementary cards |
| Criteria | Details |
|---|---|
Age (Primary Cardholder) | Minimum 18 years and above |
Age (Add-on applicant) | Minimum 18 years and above |
Occupation | Salaried / Self-Employed / Retired |
Nationality | Citizen of India |
Other Requirements | Steady income, fair credit history, valid PAN, Aadhaar or address proof |
| Document Type | Details |
|---|---|
| Identity Proof | Passport, Driving Licence or Aadhar Card |
| Address Proof | Aadhaar, Passport, Voter ID or Ration Card |
| Income Proof | Latest salary slip, ITR, Form 16, or other documents as per SBI policy |
Click on Apply Now: Hit the 'Apply Now' button to start your application.
Fill in Your Detail: Enter your personal, contact, and financial details in the application form.
Upload Required Documents: Upload your PAN Card, Aadhaar/Address Proof, and Income Proof.
Submit Your Application: Review all the details and click Submit.
Approval & Card Delivery: Once approved, your OLA Money SBI Card will be delivered to your registered address.
| Usage Tips | Details |
|---|---|
Maximise Rewards | Earn 7% reward points on Ola rides and Ola Postpaid spending. The earned points are automatically credited to the Ola Money wallet, which makes redemption simple and instant for future use |
Redeem via Ola Wallet | The reward points earned on eligible Ola transactions are credited directly to the Ola Money wallet, enabling convenient redemption and usage without any manual conversion process. |
Fuel Savings | Get a 1% fuel surcharge waiver on eligible fuel transactions across petrol pumps nationwide, helping reduce fuel-related expenses during regular travel. |
Annual Fee Waiver | The annual fee is waived when total yearly spends reach ₹1 lakh or more, making the card cost-effective for users who frequently spend through it. |
The OLA Money SBI Card is designed for users who want to maximize their credit card benefits effectively.
Disclaimer: The information provided on this page has been gathered from various reliable sources and is intended solely for general informational purposes. As details may change over time, we do not guarantee the accuracy or completeness of the content. Users are advised to verify the information with official or relevant sources before making any decisions or taking action.
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