SBI Ola Money Credit Card Offers & Benefits

SBI Ola Money Credit Card
Credithita Rating : 4

SBI Ola Money Credit Card

Rewards Rate
  • 7% on Ola rides
  • 5% on all flight bookings via Cleartrip
  • Earn 1% Reward Points on all other spends
Benefits
  • 20% back on 6k+ restaurants on payment via Dineout.
Fee
₹0
Fuel Surcharge waiver
  • 1% Fuel Surcharge Waiver at fuel stations across the country.
Card Brand

Key Details of SBI Ola Money Credit Card

  • 7% on Ola rides (upto ₹500 a month)
  • 5% on all flight bookings via Cleartrip (upto ₹5,000 domestic, ₹10,000 intl)
  • 20% on all domestic hotel bookings via Cleartrip
  • 20% back on 6k+ restaurants on payment via Dineout.
  • 6% cashback on international hotels booked via Cleartrip
  • 12% cashback on Activities booked via Cleartrip
  • Earn 1% Reward Points on all other spends
  • 1 Reward Point = ₹1
  • Zero Annual Fee for the first year
  • Second year onwards, Renewal fee of ₹499 reversed on annual spends of ₹1 Lakh

Pro's of SBI Ola Money Credit Card

  • 7% on Ola rides (upto ₹500 a month)
  • 1 Reward Point = ₹1
  • Zero Annual Fee for the first year

Fee Details of SBI Ola Money Credit Card

  • Joining Fee - ₹0
  • Renewal Fee - ₹499
  • Second year onwards, Renewal fee of ₹499 reversed on annual spends of ₹1 Lakh
Cash withdrawal Interest
3.35% per month
Purchase Interest
3.35% per month

Charges of SBI Ola Money Credit Card

Fee Type Charges
Cash withdrawal fee 2.5% on advanced amount, subject to minimum of ₹500
Late payment charges
  • No charge for up to ₹200 outstanding balance
  • ₹100 for between ₹201 to ₹500
  • ₹400 for between ₹501 to ₹1,000
  • ₹600 for between ₹1,001 to ₹10,000
  • ₹800 for between ₹10,001 to ₹25,000
  • ₹950 more than ₹25,000
Payment dishonor fee 2% of the payment amount or ₹450
Statement retrieval fee ₹100 per statement
Card replacement charge ₹100
Over-limit fee 2.5% of the over-limit amount or ₹500
Rewards redemption fee ₹99
Fee on cash payment at branches ₹199
Eligibility of SBI Ola Money Credit Card
  • Applicant should be either self-employed or salaried.
  • Age should be between 21 and 65.
  • Good credit score.

Documentation for SBI Ola Money Credit Card

  • KYC documents
  • PAN card or Form 60
  • Income proof such as salary slip, Income tax returns Form 16
  • Proof of residence: Passport or driving license or ration card or electricity bill or Landline telephone bill
Accepted Documents
    Proof of Identity
  • PAN Card
  • Aadhaar Card
  • Voter’s ID Card
  • Passport
  • Driving Licence
    Proof of Address
  • Aadhaar Card
  • Passport
  • Utility bills (not more than 3 months old)
  • Any other government-approved ID
    Proof of Income
  • Bank statement for the last 3 months
  • Salary slips for the last 3 months
  • Audited financials for the last two years (for self-employed)
  • Form 16

Frequently asked questions

Is SBI Ola Money Credit Card free?

Can I withdraw cash from SBI Ola Money Credit Card?

What is the interest rate for SBI Ola Money Credit Card?

Is SBI Ola Money Credit Card International?

How can I pay my SBI Credit Card bill?

What is the billing date of the SBI Credit Card?

Will I be charged for IMPS transactions?

Will I be charged for NEFT transactions?

How do I report that my credit card has been lost or stolen?

How can I get my credit card statement?

Is applying for a credit card will do the hard credit pull?