OLA Money SBI Card

Name: OLA Money SBI Card
Brand: SBI Card

WalletWalk Rating

Best for frequent Ola riders

Last updated: 23-Aug-2025

Overview

The Ola Money SBI Credit Card is perfect for those who frequently use Ola rides and seek travel discounts, offering great rewards and exclusive Cleartrip offers.

Pros

↑No joining fee
↑Rewards on Ola rides

Cons

↓No rewards on dining
↓No insurance coverage

Key Highlights

Reward Rate
Up to 7% RP + 12% cashback
7% on Ola rides
1% on all other spends
Up to 12% cashback on Cleartrip bookings

Joining Fee
No

Annual Fee
₹4,999
Annual fee waived with ₹1L annual spend

Key Benefits

Bill Payment

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Pay bills using Easy Bill Pay

Cashback

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Up to 12% cashback on Cleartrip bookings

Fuel

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1% fuel surcharge waiver

Reward Points

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7% on Ola rides, 1% on other spends

Travel

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Cleartrip cashback

Balance Transfer

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No interest if payment made within 60 days.
Can be taken for ₹5,000 to max 75% of credit limit

Emi

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Convert purchases into EMI for transaction over ₹2,500

First Year Free

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Yes

Detailed Information

Joining Fee	No
Annual Fee	₹4,999
Annual Fee Waiver	Annual fee waived with ₹1L annual spend
Monthly Percentage Rate	3.75%
Annual Percentage Rate	45.00%
Foreign Currency Markup	3.50%
Late Payment Charges	₹100 - ₹1,300 (Based on outstanding amount due)
Overlimit Charges	2.5% of the overlimit amount that exceeds the credit limit or ₹600
Cash Advance Fee	2.5% (subject to min. of ₹500)
Balance Transfer Fee	Within 60 days, 2% or ₹199 (whichever is higher) - Within 180 days, interest charged at 1.7% p.m. (20.4% p.a) but nil fees
Card Replacement Fee	₹100
Fee For Cheque Bounce	2% of Payment amount (subject to a min. of ₹500)

Identity Proof	Recent passport size photograph, Copy of masked Aadhaar / Virtual ID card (both sides mask first 8-digits of Aadhaar Number), Voter ID Card (both sides), Driving License\* (both sides), Passport (any one of the mentioned)
Address Proof	Copy of masked Aadhaar / Virtual ID card (both sides mask first 8-digits of Aadhaar Number), Letter issued by the National Population Register containing details of name and address, Job card issued by NREGA duly signed by an officer of the State Government, utility bill.
Income Proof Salaried	Salary Slip, Income tax return
Income Proof Self Employed	Registration certificate, CST/VAT/ GST certificate (provisional/final), Permanent Account Number or the equivalent e-document thereof or Form 60

OLA Money SBI Card

Age Requirement Salaried	21 to 70 years
Age Requirement Self Employed	21 to 70 years
Minimum Credit Score	750

Age Requirement Salaried	21 to 70 years
Age Requirement Self Employed	21 to 70 years
Minimum Credit Score	750