Ola Money SBI Credit Card Review

The ola money sbi credit card is a low-cost travel credit card designed in alliance with the Indian ride-sharing company Ola. This card is designed to offer your benefits out of your everyday travel expenses. It offers up to 7% rewards on Ola cab booking, attractive discounts on fuel surcharges, and a pile of other exclusive deals on travel and hotel booking.

This card is powered by Visa, and the annual fee of the card is Rs. 499 (applicable from the second year onwards). More details of the ola money offers are given below. 

SBI Ola Money Credit Card Eligibility Criteria:

  • Resident Type: Indian
  • For salaried person:
    • Age: The age of the applicant should be between 21 to 60 years. 
    • Income: The average income of the applicant should be Rs. 35,000 monthly. 
  • For self-employed person:
    • Age: The age of the applicant should be between 21 to 65 years. 
    • Income: Annual Income Tax Return should be greater than Rs. 3 lakh. 
  • A long relationship with the bank will help you to get this card. 
  • An excellent credit score (above 770) is needed to apply for this card. 

You can apply for sbi credit card via the online application portal. You can also visit your nearby SBI branch and submit your application for sbi credit card there. once your application is submitted successfully you can track the sbi credit card approval status via the SBI card application tracking portal

Document Required For SBI Credit Card Application:

  • Photocopy of Address proof (any 1)
    • Last 6 months bank account Statement
    • Aadhar Card
    • Driving License
    • Passport
    • Utility bills
  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Two recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Salary Slip of last 3 months
      • ITR (Income Tax Return)
    • Self-employed person
      • Income tax return of the last year
      • Proof of business

As per the new RBI regulations, all new credit cards are delivered in an inactive state, and to start using them, you need to activate sbi credit card manually by generating a new credit card PIN. You can find more about the sbi credit card pin generation online process from the 100xGain FAQ page

Ola SBI Credit Card Fees:

  • Ola credit card joining fee: None. 
  • Annual fee of ola credit card: Rs. 499 + GST (Applicable from the second year onwards)

SBI Ola Money Credit Card Benefits: 

  • Reward points on every transaction:

You will be rewarded for almost every transaction you make using this card. You will get a 1% reward point for all categories of transactions you make using this card. The value of 1 sbi credit card rewards point is equal to Rs. 1.

  • Extra rewards on Ola rides:

If you make your ola cabs payment using this ola sbi card , you will get 7% reward points. The points will be credited to your ola money wallet. You can also check online sbi credit card status using your net banking account

  • Exclusive travel benefits:

This sbi ola credit card also offers some attractive benefits on travel booking via Cleartrip. The details are given in the table below. 

Category of transaction Cashback amount
Flight ticket bookings. 5% cashback. 
Domestic hotel booking 10% cashback. 
International hotel booking 6% cashback. 
Activity booking 12% cashback. 

The ola money cashback offer is applicable on the bookends made via Cleartrip, and the cashback amount will be credited to your ola money wallet. Click here to find more about the cashback offers. 

  • Fuel surcharge waiver:

If you use this sbi ola card to purchase fuel, you will get up to a 1% waiver on fuel surcharges. This ola money offer is applicable at any fuel station in India. You can earn a maximum of Rs. 100 waiver in a sbi credit card billing cycle.

  • Opportunity to make your SBI ola card lifetime free:

On spending Rs. 100,000 within a year, you will get a complete waiver on your next year’s annual fee. So, if you want to make your sbi credit card lifetime free, you just have to keep spending Rs. 100,000 per year. 

  • Lifetime free add-on cards:

SBI provides you with lifetime free add-on cards for your family members. You can issue supplementary cards for your loved ones so that they can also enjoy the benefits of having a credit card. 

  • SBI ola money balance transfer facility:

SBI allows you to transfer the outstanding of your other bank’s card to your ola money sbi credit card so that you can have some extra time to clear off your dues. 

  • Easy EMI payment:

Using the SBI Flexi Pay feature, you can split your high-value transactions (min Rs. 2,500) into small monthly installments and pay them back more easily. You can calculate the applicable interest rate using the emi calculator for sbi credit card.

  • Convenient ola money payment benefits:

You can make your ola credit card payment online via SBI net banking account or by using any credit card payment app. But if you don’t have access to online payment options, you can pay your ola sbi credit card bills via NEFT, cheque, or from your nearby ATM.

  • Contactless payment advantage:

This ola money card is equipped with an advanced contactless payment facility. This new payment option allows you to make payments just by tapping your contactless-enabled card over any POS machine that accepts contactless payments. 

Ola Money SBI Card Charges:

Particulars Payable amount
Cash Withdrawal Charge 2.5% against the withdrawn amount (min Rs. 500)
SBI ola credit card finance charges Can go up to 3.65% monthly or 43.8% annually. 
SBI international credit card transaction charges 3.5% against the transaction amount. 
SBI ola money add-on card fee Free for a lifetime. 

SBI Credit Card Call Centre Contact Details:

  • Call the ola money sbi credit card customer care number: 1860-180-1290 / 022-3902-0202 or 1860-180-7777
  • Write to the ola money customer care mail id: [email protected] 

100xGain Ratings:

7.5/10

Final Opinion:

If you are looking for a low-cost solution for your everyday travel needs, then this card will be a great choice for you. Especially if you travel frequently with Old cabs then this card will be the most beneficial for you. It also features some exclusive sbi credit card offers on travel booking via Cleartrip and fuel surcharge waivers.  But it offers nothing on entertainment categories, it is not a deal-breaker, since the annual fee is just Rs. 499.

But if you want a more premium travel card then I would recommend you take a look at the 100xGain top 10 travel credit card page

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