OLA Money SBI Credit Card is a cobranded credit card from SBI Card, launched in partnership with Ola, a well known ride-hailing company in India.
Besides offering special benefits on Ola services, OLA Money SBI Credit Card also offers special rewards on Cleartrip travel bookings .
You get 7 reward points worth ₹7, on every ₹100 you spend on Ola rides.
1 reward point = ₹1, and is automatically credited as cashback into your Ola Money Wallet (OlaMoney).
You can use OlaMoney to pay for everything starting from your cab fares, mobile bills, DTH recharges, electricity & gas bills, and for online shopping. Some of the premium partners include BookMyShow, eBay, Dominos, Cleartrip, and OYO Rooms.
You get a variety of cashback offers at Cleartrip – flights, hotels and more.
Maximum cashback given on domestic flight bookings is ₹5000 per transaction, and maximum cashback given on international flight bookings is ₹15000 per transaction. The transaction can be for one-way or round-trip flights, this cashback offer will be applicable in both cases.
There is no cashback restriction on hotel bookings.
How to avail the offer:
a. Visit the Cleartrip website or mobile app
b. Login only by using the mobile number linked to your OlaMoney SBI Credit Card
c. Select your preferred Hotels/Flights for booking
d. Apply Coupon Code “OLACC” to avail the cashback
e. Complete the payment using the OlaMoney SBI Credit Card
You get 1 reward point worth ₹1, on every ₹100 you spend on all other card transactions.
1 reward point = ₹1, and is automatically credited as cashback into your Ola Money Wallet.
You get 1% fuel surcharge waiver on fuel spends upto ₹10,000 per month, since the maximum waiver is capped at ₹100 per month.
Please click here for all the options to contact the bank for various issues and escalations, including-
– Lost and stolen cards : you can block on your mobile app or internet banking OR through SMS option OR by calling customer care
– Complaints and grievances : including steps on how to escalate to higher levels in case your issue is not resolved
– Raise and manage disputes
You can get add-on cards for your parents, spouse, children or siblings above the age of 18 years.
For more details, and important terms and conditions, please click here.
| Annual fee | Annual fee offers | |
|---|---|---|
| 1st year joining fee | ₹0 | Welcome offers – No annual fee in 1st year |
| Renewal fee from 2nd year onwards | ₹499 | Renewal offer – Annual fee is not charged from the 2nd year onwards, if you spend ₹1 lakh or more in the previous year. Hence the card is virtually lifetime free, if you spend ₹1 lakh or more each year. |
Please refer to the below table for details
| Amount due | Late Fee |
|---|---|
| Less than ₹500 | Nil |
| ₹501 to ₹1,000 | ₹400 |
| ₹1,001 to ₹10,000 | ₹750 |
| ₹10,001 to ₹25,000 | ₹950 |
| ₹25000 to ₹50000 | ₹1100 |
| Over ₹50000 | ₹1300 |
3.50% of the transaction value.
3.50% per month (42% p.a.).
– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all/updated fees & charges on this card, please click here – SBI Credit Card Fees & Charges
Although your credit card eligibility is based on multiple parameters which can be assessed once you apply for the SBI Credit Card, there are certain basic criteria that all applicants must fulfil.
| Minimum age | 21 years |
| Maximum age | 70 years |
| Occupation | Salaried, Self-employed |
| Minimum income requirements | Not specified. Should have a regular source of income |
| Other criteria | Good credit score, preferably above 750 |
| Online application process | The easiest way to apply is to click here – APPLY NOW , you shall be taken to the card application page on Ola website. You can also visit the official website of Ola and fill out the application form. |
| Offline (face to face) application process | You can visit any of the nearest branches of SBI Card, and talk to an executive regarding the process. |
| Required documents | – PAN card – Copy of Aadhaar card (with first 8 digits masked) or any valid government address proof – Income documents – salary slip, income tax return etc. may be required depending upon the credit card eligibility & policy In addition to these, you maybe asked to provide additional documents, on a case-to-case basis. |
| Tracking credit card application status | – You can track the status of your application on – ‘Track Application’ section. – Please click here – Home page (and see top section of the page section named – ‘Track your application’) OR – Please click here – Eapply page (and see bottom of the page section named – ‘Track Credit Card Application’) You need to enter some basic information (like application number/ reference number, name, mobile number), to see the status of your SBI Card application |
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