OLA Money SBI Credit Card, Rewards and Benefits, Joining Fees & amp; Charges, Apply Online
OLA Money SBI Credit Card: Introducing the OLA Money SBI Credit Card, a fundamental offering from SBI in collaboration with OLA Money, designed to cater to your everyday needs with convenience and rewards. This card stands out with its zero joining fee and enticing welcome gifts, including flight vouchers and EaseMyTrip vouchers, making it an attractive option for new cardholders.
With a nominal renewal fee of just Rs. 499, which can be waived upon spending Rs. 1 lakh or more in the previous year, this card offers flexibility and affordability. The renewal fee waiver serves as a testament to SBI’s commitment to rewarding active card usage.
Earn rewards effortlessly with the OLA Money SBI Credit Card. Receive 1% Reward Points on all your spends, ensuring that every transaction adds value to your wallet. Additionally, enjoy a generous 7% Reward Points on Ola rides, further enhancing the rewards potential of this card. These reward points are seamlessly credited to your Ola Money wallet, simplifying the redemption process.
But that’s not all. Unlock exclusive cashback benefits on travel bookings through Cleartrip. Enjoy 5% cashback on flight bookings, 10% cashback on domestic hotel bookings, and 6% cashback on international hotel bookings, making your travel experiences even more rewarding.
| Fees | Joining Fee- Nil Renewal Fee- Rs. 499 + GST |
| Best Suited For |
Travel |
| Reward Type | Reward Points |
| Welcome Benefits |
You get a flight voucher worth Rs. 300 and an EaseMyTrip voucher worth Rs. 2000.
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Rewards and Benefits
- Rewards Rate:- With every transaction, earn 1% Reward Points on all spends, ensuring that every rupee spent translates into valuable rewards. Whether you’re dining out, shopping for groceries, or paying utility bills, your spending is effortlessly rewarded, adding up to substantial savings over time.
- Reward Redemption:- Experience the simplicity of automatic reward point crediting to your OLA Money wallet. Each Reward Point is equivalent to Rs. 1, making it easy to track and utilize your rewards for a variety of purposes. From OLA rides to mobile recharges, utility bill payments, and more, your rewards can be seamlessly redeemed for a host of services, adding value to every transaction.
- Zero Liability Protection:- Rest easy knowing that your finances are protected with Zero Liability Protection. In the unfortunate event of a lost or stolen card, prompt reporting ensures that you are not held liable for unauthorized transactions, providing you with peace of mind and financial security.
Fees & Charges
- Spend-Based Waiver:- Enjoy the privilege of a renewal fee waiver upon reaching a spending milestone of Rs. 1 lakh or more in the previous year. This spend-based waiver rewards your financial prudence and ensures continued access to the card’s benefits without any additional cost.
- Rewards Redemption Fee:- Seize the rewards of your spending with ease, albeit with a nominal fee. For every redemption request, a fee of Rs. 99 applies, allowing you to access and enjoy your hard-earned rewards effortlessly.
- Foreign Currency Markup:- Embark on international adventures with confidence, knowing that your foreign currency spends are subject to a markup of just 3.5%. This transparent fee ensures that you can shop, dine, and explore abroad without worrying about hidden charges.
- Interest Rates:- Manage your finances responsibly with competitive interest rates of up to 3.5% per month. Whether you’re planning a big purchase or need some extra financial flexibility, this card offers a convenient and affordable solution to meet your needs.
- Fuel Surcharge:- Drive with savings on every fuel transaction. Benefit from a 1% fuel surcharge waiver at all fuel stations in India, with a maximum surcharge benefit of Rs. 100 in a statement cycle. This perk ensures that you can enjoy savings on your fuel expenses, making every journey more cost-effective.
- Cash Advance Charges:- Access emergency funds with ease, albeit with minimal charges. Enjoy cash advances with a fee of just 2.5% or Rs. 500 (whichever is higher), ensuring that you have access to cash whenever you need it.
- Add-on Card Fee:- Share the benefits of your Rewards Plus SBI Credit Card with your loved ones at no additional cost. The card offers a hassle-free add-on card facility with no add-on card fee, allowing you to extend the benefits of the card to your family members seamlessly.
Product Details
- Earn rewards effortlessly with the OLA Money SBI Credit Card. Every transaction earns you 1% Reward Point, adding value to every purchase you make. Additionally, enjoy a generous 7% Reward Points on all OLA rides, making your daily commutes even more rewarding.
- One of the most attractive aspects of this card is its zero joining fee, making it accessible to all. Experience the benefits of a credit card without any upfront costs, ensuring that you can start enjoying the perks from day one.
- Unlock exclusive cashback benefits on travel bookings. Enjoy a 5% cashback on flight bookings, adding value to your travel experiences. Additionally, earn up to 10% cashback on hotel bookings, making your accommodations more affordable and rewarding.
- Say goodbye to renewal fees with the OLA Money SBI Credit Card. Enjoy a spend-based waiver on the renewal fee, ensuring that your loyalty and active card usage are rewarded.
OLA Money SBI Card Features and Benefits
Introducing the OLA Ride Rewards SBI Card: Your Ultimate Companion for Seamless Rides and Unmatched Benefits!
Experience the power of convenience and rewards with the OLA Ride Rewards SBI Card, designed exclusively for frequent OLA riders. More than just a credit card, this innovative card offers a plethora of features and benefits tailored to enhance your ride experience. Let’s explore the exciting features and perks that make the OLA Ride Rewards SBI Card a must-have for every OLA enthusiast.
Welcome Benefits:
Kickstart your journey with exclusive welcome benefits. Upon joining, receive a flight voucher worth Rs. 300, allowing you to soar to new heights. Additionally, enjoy an EaseMyTrip voucher worth Rs. 2000, adding more value to your travel experiences with the OLA Ride Rewards SBI Card.
Exclusive Cleartrip Offers:
Unlock a world of savings and rewards with exclusive Cleartrip offers. Enjoy 5% cashback on flight tickets, 10% cashback on domestic hotel bookings, and 6% cashback on international hotel bookings through Cleartrip. Plus, indulge in exciting activities with a cashback of 12% on all bookings. Simply follow the easy steps to avail of these offers and make the most of your travel experiences.
Joining and Renewal Fee Waiver:
Experience the freedom of fee waiver with the OLA Ride Rewards SBI Card. The renewal fee of Rs. 499 is waived off upon spending Rs. 1 lakh or more in the previous year, ensuring that you enjoy the benefits of your card without any additional financial burden.
Fuel Surcharge Waiver:
Maximize your savings on fuel with a 1% fuel surcharge waiver on all fuel transactions using your credit card. Enjoy savings of up to Rs. 100 per statement cycle, adding value to your everyday rides.
Accelerated Rewards:
Elevate your rewards game with the OLA Ride Rewards SBI Card. Earn 1% reward points on all your spending, ensuring that every transaction counts. Plus, enjoy a bonus of 7% reward points every time you ride with OLA, adding more value to your OLA experiences.
Seamless Rewards Redemption:
Redeem your earned reward points effortlessly with the OLA Ride Rewards SBI Card. Your reward points are automatically credited to your OLA money wallet, where 1 Reward Point is equivalent to Re. 1. Enjoy the flexibility of redeeming your rewards for OLA rides, adding more convenience to your daily commute.
Activation of OLA Money Wallet:
Activate your OLA money wallet to receive your earned points seamlessly. Simply complete your KYC process and follow the easy steps outlined in the OLA app to activate your account. Once activated, enjoy the convenience of using your OLA money wallet for hassle-free transactions.
Apply Now and Ride with Rewards:
Ready to elevate your ride experience and unlock unmatched benefits? Apply for the OLA Ride Rewards SBI Card today. Whether you’re commuting to work, exploring the city, or traveling to new destinations, this card offers unparalleled convenience and rewards tailored to your OLA journey.
Eligibility Criteria:
To qualify for the OLA Travel SBI Credit Card, applicants must meet the following eligibility requirements:
Salaried Individuals: Age must be between 18 years and 65 years. Self-Employed Individuals: Age should range between 21 years and 60 years. Applicants must have a stable and verifiable source of income. Documents Required:
To complete the application process for the OLA Travel SBI Credit Card, applicants will need to submit the following documents:
Identity Proof: Aadhar Card, PAN Card, Voter ID, Passport, Driving Licence, etc. Address Proof: Utility bills, Voter ID, Aadhar Card, Passport, Rent agreement, Municipal or property tax receipt, House allotment letter issued by central or state government. Income Proof: For self-employed individuals – Latest ITR (Income Tax Return) or Form 16. For salaried employees – Recent salary slips. Application Process:
Applying for the OLA Travel SBI Credit Card is hassle-free, with options available for both online and offline applications:
Offline Application: Visit your nearest SBI branch with all the necessary documents and complete the physical application form in person. Online Application: Follow these simple steps to apply online:
Click on the “Apply Now” option. Fill in all required details accurately in the online application form. Submit your application electronically by clicking “Submit.” OLA Travel SBI Credit Card Limit:
The credit limit offered to OLA Travel SBI Credit Cardholders varies based on individual profiles, income, and credit history. While the specific credit limit is not disclosed by the issuer, individuals with higher incomes and superior credit scores are likely to receive higher credit limits.
Review of OLA Travel SBI Credit Card:
Ideal for frequent OLA riders, the OLA Travel SBI Credit Card offers a range of benefits, including a zero joining fee and nominal renewal fee. Cardholders can enjoy significant savings on OLA rides, along with exclusive cashback offers on flight and hotel bookings. Additionally, the card provides flexibility and convenience in managing travel expenses.
Alternative Option:
Alternatively, individuals seeking cashback benefits on OLA rides can consider the Axis Bank Ace Credit Card, which offers decent cashback rewards. While not co-branded with OLA, this card provides opportunities to save on various spending categories.
Share Your Feedback:
We value your opinion! Share your thoughts and experiences with the OLA Travel SBI Credit Card in the comments section below. Your feedback helps us continually improve and enhance our offerings to meet your needs.
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