The Ola SBI Card is designed for frequent travelers and daily commuters, offering exclusive rewards and savings on Ola rides. With cashback benefits, fuel surcharge waivers, and no-cost EMI options, this SBI Credit Card enhances convenience while maximizing value. Whether for travel, dining, or online shopping, the Ola SBI Card ensures smart savings every step of the way.
Questions List
Which credit card is best for Ola?
The OLA Money SBI card is a co-branded credit card offered by the State Bank of India in partnership with OLA cabs. This card is curated for the people who travel regularly by cabs and offers a wide range of benefits such as reward points on OLA spends.
What is the renewal fee for an Ola SBI Card?
Renewal fee, per annum: Rs. 499, from second year onwards, Renewal Fee reversible if annual spends for last year ≥ Rs. 100,000.
How do I pay off my OLA Money SBI Credit Card statement bill?
On the OLAMoney Credit Card home page, click the “Pay Now” button to pay your bill. You will be sent to the SBI Card payment page, where you can make a payment with a debit card or using net banking.
How can I use my SBI OLA credit card to get cashback on everything else?
Outside of the preferred partners, you will receive 1% cashback on all purchases (OLA cabs, Dineout & Cleartrip). This applies to all online and offline purchases, excluding cash advances, balance transfers, encash, flexipay, and fuel purchases. This reward will be credited to your OLAMoney Wallet one day after the transaction is completed. This usually occurs within three days of the transaction date.
What is the OLA Money SBI credit card application fee?
The card has no application charge. The card’s yearly charge is Rs.499, which is refundable if you spent more than Rs.1 lakh in the preceding year.
Do you get any reward points when you use the card?
Yes, you will receive reward points; however, all points will be deposited directly to your OLA Wallet. Each point you get is worth Re.1.
How can I pay OLA using a credit card?
You must choose your payment method from the options on the OLA app. Then, select “Add a Credit/Debit Card.” Enter your credit card information here and click “Save Card.”
How to Apply for an OLA Money SBI Card?
If you want to apply for the SBI OLA Money Credit Card, you can do it online as well as offline as per your comfort. To apply offline, you will have to visit your nearest SBI branch with all the required documents and fill in the physical application form there. If you wish to apply online, you can do it using the following steps:
- Click on the option ‘Apply Now.’
- Fill in all the required details carefully and click on Submit.
What is OLA Money SBI Credit Card Limit?
The credit limit that is offered to the Ola Money SBI Cardholders has not been disclosed by the card issuer as the limit can be different for everyone. An individual with a higher income & a good credit score is likely to get a higher credit limit as compared to a cardholder with an average income and credit score. Other than this, there might be a few more factors determining your credit limit.
How can I redeem my reward points earned through the OLA money SBI credit card?
The reward points you earn are automatically sent to your OLA money wallet. You just need to complete the KYC and activate your account by following some simple steps as mentioned above.
Can I get my renewal fee waived off for this card ?
Yes, the renewal fee can be waived off if you spend Rs. 1 lakh or more in the previous year.
Does the card provide any lounge access ?
No, the OLA Money SBI credit card doesn’t provide any lounge access.
What is the interest rate on this Card ?
The interest rate on the OLA Money SBI credit card is 3.5% per month.
What is the maximum benefit I can get through the fuel surcharge waiver?
The maximum fuel surcharge benefit you can get is up to Rs. 100 in a month.
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