info@logintoloans.com +91 8885545255

Logintoloans Assistant

Select your profession

Salaried Icon Salaried
Business Icon Business
CA CA
Doctor Doctor
NRI NRI
School School
College College
Student Student

Enter Pincode

Personal Details

Features of SBI OLA Money Credit Card

  • Reward Points Program:
    High Cashback on Ola Rides: The card offers an impressive 7% cashback on all Ola rides and Ola Postpaid spends, one of the highest reward rates for cab bookings in India. This cashback is credited directly to the cardholder’s Ola Money Wallet, where 1 reward point equals ₹1. The rewards are ideal for frequent Ola users, ensuring significant savings on daily commutes or occasional travel. For a limited period (noted for applications between November 15, 2019, and March 31, 2020), a promotional 15% cashback was available, subject to specific terms, enhancing its appeal for early adopters.

    Cashback on Other Spends: For non-Ola transactions, the card provides a 1% cashback on all online and offline spends, except for cash advances, balance transfers, fuel transactions, and certain other categories like wallet loads. This cashback is also credited to the Ola Money Wallet within one day of transaction settlement, offering flexibility for varied spending habits. The seamless reward structure ensures users earn on everyday purchases, from groceries to online shopping.
Credit Card Promotion
      • Cleartrip Travel Benefits: The card extends exclusive travel offers through Cleartrip, making it valuable for frequent travelers. Users can avail:
        • 5% cashback on flight bookings (up to ₹5,000 per transaction).
        • 10% cashback on domestic hotel bookings (up to ₹15,000 per transaction).
        • 6% cashback on international hotel bookings.
        • 12% cashback on activities booked via Cleartrip.
        To avail these offers, users must apply the coupon code “OLACC” during booking. Cashback is credited to the Ola Money Wallet, with flight cashback processed within 24 hours and hotel cashback within seven days of checkout.
      • Dining Discounts via Dineout: Cardholders enjoy a 20% cashback (up to ₹200 per transaction) on dining at over 6,000 partner restaurants through the Dineout platform. The cashback is credited to the Ola Money Wallet.
      • Fee Structure and Waivers: No Joining Fee: Zero joining fee makes it accessible for first-time users.
        Annual Fee Waiver: ₹499 annual fee (plus GST) waived if you spend ₹1 lakh or more in the previous year.
      • Fuel Surcharge Waiver: 1% waiver on fuel transactions between ₹500 and ₹3,000 at all petrol pumps in India (max ₹100 per statement cycle).
      • Payment Flexibility: Flexipay: Convert purchases of ₹2,500+ into easy EMIs within 30 days via sbicard.com.
        Balance Transfer: Transfer outstanding balances from other bank cards at lower interest rates:
        • 3-month EMI: 0.75% monthly interest + 1.5%/₹199 processing fee.
        • 6-month EMI: 1.27% monthly interest + same processing fee.
        Easy Money: Get draft/cheque against card limit delivered to your home by logging into sbicard.com.
      • Global Acceptance: Accepted at over 24 million Visa outlets worldwide, including 3.25 lakh in India.
      • Add-On Cards: Free add-on cards for family members (spouse, parents, children, or siblings) above 18 years.
      • Utility Bill Payments: Pay electricity, telephone, and other utility bills directly using the card and earn 1% cashback.
      • Ola Money Wallet Integration: All rewards automatically credited to Ola Money Wallet (1 point = ₹1). Cashback has no expiry (complete KYC for full access). Redeem rewards for Ola rides, food orders, merchant payments, or Cleartrip bookings. Transfer to bank may be possible with specific terms.
      • Welcome Benefits: ₹300 flight voucher and ₹2,000 EaseMyTrip coupon upon activation. Early Bird Offer: ₹500 Ola Money on first transaction (limited time).
      • Fees and Charges: Joining Fee: ₹0 (first year). Annual Fee: ₹499 + GST from second year (waivable). Finance Charges: Up to 3.5% per month (42% per annum).
      • Eligibility Criteria: Age: 18-65 years (salaried), 21-60 years (self-employed). Income: ₹25,000+ monthly income recommended. Credit Score: Preferably 750+.
      • Application Process: Online: Via SBI Card website or Ola app with instant approval.
        Offline: Through SBI branches or authorized partners. Contact: 1860 180 1290 for assistance.
      • Additional Notes: Cashback capped at ₹500/month on Ola rides. Best suited for frequent Ola users and urban commuters. Card is contactless-enabled for secure tap payments. Customer support: 8885545255.
      • Customer Support: The SBI OLA Money Credit Card is a well-rounded entry-level card for frequent Ola users and urban commuters. Its high cashback on Ola rides, coupled with travel and dining benefits, makes it a compelling choice for those prioritizing mobility and lifestyle rewards. While its rewards are primarily tied to the Ola Money Wallet, the card’s global acceptance, flexible payment options, and fee waivers add significant value, particularly for first-time credit card users or those seeking a low-cost, high-reward option.
Who We Are

Benefits of SBI OLA Money Credit Card

  • Cashback and Reward Points:
    • High Cashback on OLA Rides: One of the standout features of the SBI OLA Money Credit Card is the 7% cashback on all OLA rides and OLA Postpaid spends. This is among the highest reward rates for cab bookings in India, making it ideal for regular OLA users. The cashback is credited directly to the cardholder’s OLA Money Wallet within three days of the transaction, ensuring quick access to rewards. For example, spending ₹1,000 on OLA rides earns ₹70 in cashback, which can be used for future rides or other payments within the OLA ecosystem.
    • Cashback on Travel Bookings via Cleartrip: The card offers significant cashback on travel bookings made through Cleartrip, enhancing its appeal for frequent travelers.
    • Welcome Bonuses: 500 reward points (worth ₹50) upon joining. A ₹500 voucher for flight or hotel bookings on Cleartrip.
    • Some promotional offers have included flight vouchers worth ₹300 or EaseMyTrip coupons worth ₹2,000, adding immediate value for new users.
    • Fee Waivers and Cost Savings:
    • No Joining Fee: The SBI OLA Money Credit Card comes with zero joining fee, making it accessible for first-time credit card users or those hesitant to commit to high initial costs.
    • Renewal Fee Waiver: The annual renewal fee of ₹499 (from the second year) is waived on annual spends of ₹1 lakh or more.
    • Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between ₹500 and ₹3,000, up to ₹100 per statement cycle.
    • Flexible Payment Options:
    • Flexipay for Easy EMIs: Convert purchases of ₹2,500+ into EMIs via sbicard.com within 30 days of purchase.
    • Balance Transfer on EMI: Transfer balances from other cards at lower interest rates—0.75% per month for 3 months or 1.27% per month for 6 months with a processing fee of 1.5% or ₹199 (whichever is higher).
    • Easy Money Facility: Request a draft/cheque against your cash limit and receive it at your doorstep.
    • Travel and Lifestyle Perks:
    • Global Acceptance: Accepted at 24 million+ Visa outlets globally, including 3.25 lakh+ Indian merchants.
    • Dining Discounts via Dineout: Up to 20% cashback (max ₹200) at 6,000+ restaurants using the Dineout app.
    • Airport Lounge Access & Movie Tickets: Access to select airport lounges and promotional movie ticket offers.
    • Convenience and Management:
    • Seamless OLA App Integration: Apply, track, and manage the card within the OLA app with in-app customer support.
    • Add-On Cards for Family: Issue up to 2 free add-on cards for family members over 18 years.
    • Utility Bill Payments: Use Easy Bill Pay to pay electricity, mobile, and other utility bills while earning 1% reward points.
    • Reward Redemption Flexibility:
    • OLA Money Wallet Usage: All rewards/cashbacks are credited to OLA Money Wallet (no expiry if wallet stays active).
    • Convert Points: 100 points = ₹1, redeemable via the OLA app or for merchandise, gift cards, and more. Points can also be transferred to SBI Rewards if you hold another SBI card.
    • Security and Accessibility:
    • Contactless Payments: Tap-and-pay support for fast and secure transactions.
    • Customer Support: Contact SBI support at 885545255or via the OLA app/sbicard.com.
    • Important Considerations: Best suited for frequent OLA users—limited value otherwise. Cashback on OLA rides capped at ₹500/month. Full KYC required to unlock complete wallet features.
Check Best Business Loan Offers

How to Apply for SBI OLA Money Credit Card

  • Step 1: Check Eligibility
    Age: 18-65 years (salaried), 21-60 years (self-employed).
    Income: ₹25,000+ monthly income recommended.
    Credit Score: Preferably 750+.
  • Step 2: Gather Documents
    Identity: PAN (mandatory), Aadhaar, Passport.
    Address: Utility bill, Aadhaar, Passport.
    Income: Salary slips, ITR, bank statements.
  • Step 3: Choose Application Mode
    Online: Via SBI Card website or Ola app (fastest method).
    Offline: Visit SBI branch or authorized partner.
  • Step 4: Submit Application
    Fill form with accurate details, receive reference number.
  • Step 5: Verification
    Telephonic/field verification for documents and address.
  • Step 6: Approval
    Typically within 7-14 days; check terms (credit limit, fees).
  • Step 7: Card Delivery
    Delivered to registered address; activate via SBI Card app.

Eligibility Criteria for SBI OLA Money Credit Card

  • Age:
    • Primary Cardholder: 18-65 years (salaried), 21-60 years (self-employed).
    • Add-On Cardholders: 18+ years.
  • Income:
    • Salaried: ₹25,000+/month (indicative).
    • Self-Employed: ₹3L+/year (ITR).
  • Credit Score: Preferably 750+, no recent defaults.
  • Employment:
    • Salaried: Stable job with reputed firm.
    • Self-Employed: 1-2 years business continuity.
  • Bank Account: Must have a savings or current account with an Indian bank.
  • Documentation: Valid ID proof, address proof, income proof, and photograph.
  • Residential Address: Proof of permanent Indian residential address required.
  • Existing Credit History: Good repayment track record improves eligibility.
  • Mobile Number & Email: A valid mobile number and email ID are mandatory for application and communication purposes.
Check Best Home Loan Offers

Documents Required for SBI OLA Money Credit Card

  • Identity Proof (Any one):
    • PAN Card (mandatory)
    • Aadhaar Card
    • Passport
    • Voter's ID
    • Driving License
  • Address Proof (Any one):
    • Aadhaar Card
    • Utility Bill (not older than 3 months)
    • Passport
    • Driving License
    • Ration Card
  • Income Proof:
    • Salaried: 1–3 months' salary slips, Form 16, 3 months' bank statement.
    • Self-employed: 1–2 years' ITR, 3–6 months' bank statement.
  • Photograph: Recent passport-sized color photograph (offline applications).
  • NRIs: Passport, visa, overseas address proof, Indian address proof.

Factors Affecting SBI OLA Money Credit Card Approval

  • Credit Score: Preferably 750+; lower scores (700–750) considered with high income.
  • Income Level: ₹50,000+/month (salaried), ₹6L+/year (self-employed).
  • Employment Status: Stable job or 1–2 years business continuity.
  • Debt-to-Income Ratio: Below 40% preferred; high DTI risks rejection.
  • Credit History: 1–2 years clean history, no defaults or late payments.
  • Documentation: Complete, accurate documents for faster processing.
  • Residential Stability: Permanent Indian address; NRIs need overseas proof.
  • Existing SBI Relationship: May improve approval odds.
  • Verification: Prompt response to telephonic/field verification.
  • Recent Inquiries: Avoid multiple applications within 3–6 months.
  • Note: New applications are currently discontinued; these factors applied when applications were active.
  • Age Bracket: Applicants aged between 21 and 65 years are eligible; younger applicants must show consistent income.
  • Credit Utilization Ratio: Keeping credit usage below 30% of the available limit positively impacts approval chances.

Frequently Asked Questions (FAQs)

What is the SBI OLA Money Credit Card?
It is a co-branded credit card offered by SBI Card in partnership with Ola, offering exclusive benefits on Ola rides and OLA Money Wallet.
Who is eligible to apply for the SBI OLA Money Credit Card?
Indian residents aged 21-60 with a stable income and a good credit history are generally eligible.
What are the key benefits of this card?
Benefits include cashback on Ola rides, fuel surcharge waiver, reward points, and no-cost EMI on select purchases.
Is there an annual fee for the SBI OLA Money Credit Card?
Yes, the card has an annual fee, but it may be waived on achieving a specified annual spend.
How do I apply for the SBI OLA Money Credit Card?
You can apply online via the SBI Card website or through the Ola app.
What is the credit limit on this card?
The credit limit is determined by SBI Card based on your credit profile and income.
Do I earn rewards for using the SBI OLA Money Credit Card?
Yes, you earn cashback or reward points on eligible transactions, especially on Ola services.
Can I link this card to my Ola Money wallet?
Yes, it can be directly linked to your Ola Money wallet for seamless payments and rewards.
How can I check my statement and transactions?
You can view your statement through the SBI Card app, website, or receive it via email.
Is the SBI OLA Money Credit Card accepted internationally?
Yes, it is accepted at international outlets and online stores wherever Visa cards are accepted.
What should I do if I lose my SBI OLA Money Credit Card?
Immediately call SBI Card customer care to block the card and request a replacement.
Is there a fuel surcharge waiver?
Yes, the card offers a 1% fuel surcharge waiver on transactions between ₹500 to ₹3,000.
Can I convert purchases into EMIs?
Yes, eligible transactions can be converted into EMIs through the SBI Card app or customer support.
How do I redeem reward points or cashback?
Redemption can be done through the SBI Card portal or app, depending on your accumulated rewards.
Is there a mobile app to manage the SBI OLA Money Credit Card?
Yes, you can use the SBI Card app to manage your card, pay bills, track spending, and redeem rewards.

List of SBI OLA Money Credit Card Tamil Nadu Branches

  • Chennai (Kilpauk)
  • Chennai (Kodambakkam)
  • Chennai (Korattur)
  • Chennai (Kottivakkam)
  • Chennai (Kotturpuram)
  • Chennai (Koyambedu)
  • Chennai (Madipakkam)
  • Chennai (Mahalingapuram)
  • Chennai (Mandaveli)
  • Chennai (Mogappair)
  • Chennai (Mylapore)
  • Chennai (Nanganallur)
  • Chennai (Nungambakkam)
  • Chennai (Olympia Tech Park - Chennai)
  • Chennai (Palavakkam)
  • Chennai (Pallikaranai)
  • Chennai (Parry's Corner)
  • Chennai (Perambur)
  • Chennai (Perungudi)
  • Chennai (Poonamallee)