OLA Money SBI Credit Card

The OLA Money SBI Credit Card is a co-branded credit card provided by the State Bank of India in collaboration with OLA Cabs.

This card is designed for customers who use taxis frequently and offers a variety of incentives, such as reward points on OLA purchases.

sbi ola money credit card.png

Image Source: SBI Official website

Highlights of the SBI OLA Credit Card

Suitability

Travelling

Joining Charges

0

Annual Charges

Rs. 499

Rewards

Rewards on OLA rides

OLA SBI Card Benefits and Features

  • As a welcome gift, you will receive a flight voucher worth Rs. 300.
  • Another welcome bonus with this credit card is a Rs. 2000 EaseMyTrip coupon.
  • When you book your airfare via Cleartrip, you will receive a 5% cashback (for a maximum of Rs. 5000 per transaction and a maximum of Rs. 15,000 per transaction)
  • Cleartrip offers a 10% reward on domestic hotel bookings.
  • Cleartrip offers a 6% reward on foreign hotel bookings.
  • A 12% cashback on all activities booked with Cleartrip.
  • If you spent Rs. 1 lakh or more in the previous year, the renewal cost of Rs. 499 is waived.
  • You get a 1% fuel surcharge waiver on all fuel purchases made with your credit card.
  • You can get up to Rs 100 per statement cycle.
  • You receive 1% back on all purchases.
  • Every time you ride with an OLA, you earn 7% more reward points.
  • Your SBI OLA Money credit card reward points are automatically credited to your OLA money wallet.

OLA Money SBI Credit Card Annual Charges and Fees

Joining Charges

0

Annual Charges

Rs. 499

Finance Charges

42% p.a

Late Payment Charges

  • Rs. 500 - Rs. 400.
  • From Rs. 1,000 to Rs. 10,000 - Rs. 750.
  • Rs. 10,000 to 25,000 - Rs. 950.
  • Rs. 25,000 - Rs. 1100.
  • Amounts greater than Rs. 50,000 - Rs. 1,300.

OLA SBI Credit Card Eligibility Criteria

The optimal credit card qualifying criteria are as follows-

Residence

Indian Residents

Age

Above 18 Years of Age

OLA Money SBI Card Documents Required to Apply

A few documents will also be required to apply for this credit card. The following documents are required-

  • Aadhar Card, PAN Card, Voter ID, Passport, Driving Licence, and other forms of identification are acceptable.
  • Passports, utility bills, voter IDs, Aadhar cards, driving licenses, rent agreements, municipal or property tax receipts, and house allocation letters provided by the central or state government are all acceptable forms of address proof.
  • Income Proof: For self-employed persons, the most recent ITR (Income Tax Return) / Form 16; for salaried employees, the most recent salary slip.

How to Apply for the OLA Money SBI Card?

If you wish to apply for the SBI OLA Money Credit Card, you can do it online or offline, depending on your preference.

To apply offline, bring all essential documents to your nearest SBI branch and fill out the physical application form there.

If you want to apply online, please follow the instructions below-

Step 1: Visit the official SBI Card website.

Step 2: Select the 'Apply' option.

Step 3: Choose the 'OLA Money SBI Card' and press the Apply Now button.

Step 4: Fill in all of the essential information carefully and click Submit.

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