Ola Money SBI Credit Card: Check Benefits, Charges & Eligibility

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What is an Ola Money Sbi Card?

**Disclaimer: Ola Money SBI Credit Card is not a Bajaj Markets partner product. Offers would be from partner Banks/NBFCs only.

If you’re a frequent user of Ola Cabs, then you might be aware of the service provider’s Ola Money wallet system. You can load your money into the wallet and hail rides from Ola Cabs quickly and effortlessly, without having to pay for the rides in cash.

The balance in your Ola Money wallet can also be used for plenty of other things as well, ranging from instant money transfers and recharges to shopping and more. In a bid to make it easier for Ola Money users, the State Bank of India has launched a dedicated co-branded credit card - the Ola Money SBI Card.

Ola Money SBI Credit Card Features and Benefits

The Ola Money SBI card offers a host of different benefits and features to the cardholder. From discounts on Ola Cabs to exclusive travel offers, the credit card offers all of this and more. Here’s a quick glimpse.

No Annual Fees for the First Year

The Ola SBI Credit Card is completely free of charge for the first year. And from the second year onwards, the annual fee shall be waived off if you exceed annual spends of Rs. 1 lakh in the previous year.

Rewards on Ola rides

Since the Ola Money card is a co-branded credit card, it gives the cardholder the ability to earn accelerated reward points on all Ola rides.

Exclusive Offers on Cleartrip

You get to avail cashbacks ranging from 5% to 12% on almost all transactions that you make on the travel booking site Cleartrip as long as you use the Ola Credit Card as the payment method.

Fuel Waivers

If fuel surcharges are burning a hole in your pocket, then the SBI Ola Credit Card may just be able to ease the hardship. The card offers a 1% waiver of fuel surcharges across all the fuel stations in India.

SBI Ola Money SBI Credit Card Fees and Charges

Considering the fact that the fees and charges associated with the Ola SBI card is an integral part of the ownership of the credit card, knowing what they are is crucial. Check out the table below for more information.

Fees and Charges	Amount
First Year Fees	Not Applicable
Renewal Fees	Rs. 499 (waived if the spending during the previous year equal or exceed Rs. 1,00,000)
Finance Charges	3.50% per month
Annual Fees for Add-on Cards	Not Applicable
Fees for Cash Withdrawals	2.5% of the total cash withdrawn or Rs. 500, whichever is higher
Card Replacement Fees	Rs. 100
Late Payment Fees	Ranges between Rs. 400 and Rs. 1,300, depending on the total unpaid outstanding amount on the card
Fee for Cheque Dishonour or Returns	2% of the payment amount or Rs. 500, whichever is higher
Overlimit Fee	2.5% of the amount over the limit or Rs. 500, whichever is higher
Foreign Currency Transaction Fees	3.50% of the total transaction amount

SBI Ola Credit Card Reward Points

The Ola Money SBI Credit Card has a lot going for it. One such example is the attractive reward points program that it comes with.

For every Ola ride that you take using the Ola Money Credit Card as the payment option, you receive reward points equivalent to 7% of the total amount that you paid for the ride.

And on all other spends, you get to earn reward points equivalent to 1% of the amount paid using the card.

Eligibility Criteria for the SBI Ola Money Credit Card

Wish to apply for the Ola SBI credit card? If that’s the case, then satisfying the eligibility criteria set by the bank is key. Check out the Ola Money SBI Credit Card eligibility criteria below.

The applicant must be a citizen and resident of India.
The applicant must be between 18 to 60 years of age.
The applicant must be either salaried or self employed.

Documents Required to Apply for the SBI Ola Money Credit Card

Getting all the documents in order before attempting to apply online for the Ola Money SBI card can ensure that the process goes on smoothly without a hitch. And so, here’s a preview of the list of documents that you would need to submit.

A copy of your proof of identity - PAN, Aadhaar, Passport, Driving Licence, Voter ID
A copy of your proof of address - Aadhaar, Passport, Driving Licence, Voter ID
A copy of your proof of income - Latest salary slip, Form 16, or Income Tax Return with computation of income

How to Apply for the SBI Ola Money Credit Card?

If going over the benefits of the Ola SBI credit card makes you want to apply for one right away, then all you have to do is visit the website of SBI Credit Card to do so since Bajaj Markets does not offer this credit card. Once you’re at the website, click on the ‘Apply Now’ button and proceed to fill and submit the online credit card application along with the relevant documents.

How to reach the SBI Ola Money Credit Card customer care?

Want to know about any existing Ola credit card offers or about its various features? Simply contact the Ola Money SBI Credit Card customer care number to get them clarified immediately. You can get in touch with the SBI credit card customer care through these numbers - 1860 500 1290, 1860 180 1290, or 39 02 02 02 (with the local STD code prefixed).

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FAQs on Ola Money Sbi Card

The Ola SBI credit card reviews are simply exceptional. The credit card offers excellent benefits and advantages in the form of accelerated reward points for individuals who frequently use Ola Cabs.

The Ola SBI credit card limit tends to vary from one individual to another. Therefore, if you wish to know what your overall limit is, simply log into your SBI Card account. Alternatively, you can also check your SBI credit card statement as well.

You can make an SBI Ola credit card payment online by logging into your SBI Card account using the user credentials given to you. Once you’ve logged in, simply proceed to make the payment.

Checking your Ola Money SBI Credit Card application status is extremely easy. Simply visit this link and enter your application or reference number in the box at the bottom of the webpage.