Ola Money SBI Credit Card

The features and benefits of Ola Money SBI Credit Card are mentioned below:

Unlimited Rewards: Ola SBI Credit Card is a decent card for customers who often travel using Ola. You will earn rewards in the following manner:

• 7% reward points on all Ola Rides
• 1 reward points on all other spends

Note: 1 reward point = Rs. 1

Exclusive Cleartrip Offers: Ola Money SBI Credit Card is a great option for frequent Cleartrip users. The following cashback rates are only applicable for Cleartrip bookings. The cashback will be credited to your OlaMoney Wallet. Details of cashback are mentioned in the table below:

Category	Cashback Offered
Flight tickets	5% cashback
Domestic hotels	10% cashback
International hotels	6% cashback
Other Activities	12% cashback

First Year Free: Ola Money SBI Credit Card comes with zero annual fee for the first year. From second year onwards, a renewal fee of Rs. 499 will be applicable.

Renewal Fee Reversal: Spend Rs. 1 lakh in a year to avail renewal fee waiver. 

Click here for details on how to become an active user of OlaMoney Wallet. 

Other Benefits of Ola Money SBI Credit Card: Following are the additional significant benefits of Ola Money SBI Credit Card:

1% fuel surcharge waiver at fuel stations across the country Ola Money SBI Card is an international credit card and can be used at over 24 million outlets worldwide, including 3,25,000 outlets in India With Flexipay, convert your transactions in easy monthly installments

The fees and charges associated with this card are as follows:

Fee/Charge	Amount
Joining Fee	Nil
Renewal Fee	Rs. 499
Finance Charges	3.50% per month [42% per annum]
Late Payment Fee	For Statement Balance Less than Rs. 500 – Nil Rs. 500 up to Rs. 1,000 – Rs. 400 Rs. 1,000 up to Rs. 10,000 – Rs. 750 Rs. 10,000 up to Rs. 25,000 – Rs. 950 Rs. 25,000 up to Rs. 50,000 – Rs. 1,100 Amount over Rs. 50,000 – Rs. 1,300

Click here to check other associated fees and charges.

To be eligible for Ola Money SBICard, you must have a good credit score (preferably 750+). In addition to this, you must meet the below-given criteria as well:

Criteria	Details
Age	18-60 years
Occupation	Available to both Salaried and Self-employed
Serviceable Cities	Click here for the list of eligible cities
Documents Required	Click here for the list of acceptable documents

The minimum income requirement for the card will be shared at the time of application.

Ola Money SBI seems to be a good card for Ola customers or perhaps if you are looking for your first credit card. Another good thing about this card is its in-app feature through which you can apply and track your credit card expenditures with the Ola Money application itself.

However, there aren’t many benefits that the card offers for non-Ola customers. The cashback you earn will be credited to your Ola Wallet which means your cashback usage gets restricted. Also, being a beginner-level card, there aren’t any shopping or entertainment benefits that come with the card.

Consider this card if	Consider other options if
You travel using Ola You use Cleartrip for travel bookings You are a medium spender You are seeking a card with zero joining fee for the first year You frequently travel	You are seeking a versatile travel credit card You are interested in a high rewards credit card You are a high spender You are looking for a card with a high cashback rate (this card comes with a low cashback rate of 1%)

Earlier, Ola Money SBI Credit Card was available only on invite. But now, you can apply for the card via Ola app (just download the app and you will find a banner about the credit card, click on apply to get the card).

Alternatively, you can visit the SBI Card’s website and apply for the card. You will have to fill a form and submit it. Post submission, a representative will call you to set a date and time for document collection. The bank will then verify the documents and, post verification, dispatch the credit card.

Suggested read: Best Credit Cards in India

Ola Money SBI card is a great option for those who use Ola and Cleartrip. If you are looking for a better cashback card to use on general spending or on other categories, check out other cashback credit cards:

Credit Card	Annual Fee	Best Suited For	Key Feature
Axis Bank ACE Credit Card	Rs. 499	Utilities and Food Orders	5% cashback on bill payments and recharge via Google Pay
Flipkart Axis Bank Credit Card	Rs. 500	Co-branded Benefits	5% cashback on Flipkart, Myntra and 2GUD
HSBC Cashback Credit Card	Rs. 750	Online Shopping	5% cashback on all online spends*
HDFC Millennia Credit Card	Rs. 1,000	Overall Cashback Benefit	5% cashback on Amazon and Flipkart
Citi Cashback Credit Card	Rs. 500	Movies and Utilities	5% cashback on movie tickets, telephone and other utility bill payments
Standard Chartered Manhattan Platinum Credit Card	Rs. 999	Supermarket Spends	5% cashback when shopping at supermarkets
Standard Chartered Super Value Titanium Credit Card	Rs. 250	Fuel and Utilities	5% cashback on fuel, phone and utility bills*
Paytm SBI Select Credit Card	Rs. 1,499	Travel and Shopping	5% cashback on Paytm Mall, movie tickets and travel bookings
YES Prosperity Cashback Plus Credit Card	Rs. 999	Bill Payments	5% cashback on movie ticket bookings and grocery shopping
Kotak Delight Platinum Credit Card	Rs. 1,499	Dining and Movies	10% cashback on dining and movies*

*Terms and Conditions Apply.

How can I avail my reward points?

The cashback earned on your credit card is credited to your OlaMoney Wallet. You can use the cashback received across 1,500 merchants. It is recommended to complete full KYC to avail full benefits of the OlaMoney Wallet.

How can I avail the cashback on Cleartrip for flights and hotels?

From the OlaMoney Credit Card home page, tap on the Cleartrip offer panel for flights and hotels or directly go to www.cleartrip.com and follow the below steps:

1. Choose your flight or hotel booking option

2. Select your preferred flight or hotel

3. On the payment page, apply Coupon Code “OLACC”

4. Use your OlaMoney Credit Card to make the payment

5. You will receive an instant cashback of 5% on flight tickets, in your OlaMoney Wallet within 24 hrs of transaction

6. You will receive a cashback of 10% on hotel bookings, in your OlaMoney Wallet within 7 days of checkout

How can I contact support or share feedback with customer care?

You can write at cards.care@zipcash.in for any rewards or offer-related queries. For all other queries, please call the SBI Card support team on 1860 180 1290 or 3902 0202 (prefix with the local STD code).

How can I repay my statement bill for Ola Money SBI Credit Card?

You can pay your bill by clicking on the “Pay Now” button on the OlaMoney Credit Card home page. You will be taken to the SBI Card’s payment page where you can make the payment via debit card or net banking.

How can I avail cashback on everything else using my Ola Money SBI Credit Card?

You will receive 1% cashback on all your spends outside the preferred partners (Ola cabs, Dineout & Cleartrip). This is applicable for all your online and offline spends except cash advance, balance transfer, encash, flexipay and fuel transactions.

You will receive this cashback in your OlaMoney Wallet one day after the settlement of the transaction. This typically happens within 3 days of the transaction date.

Note: The cashback amount is always rounded down to the nearest integer.

Who should get Ola Money SBI card?

Ola Money SBI Card is a beginner-level credit card that comes with a renewal fee of Rs. 499 and it is ideal for cardholders who are:

• Looking for discounts/cashback on travel bookings
• Looking for discounts with Ola rides
• Looking for a low annual fee credit card