- Joining fee
Nil
- Annual fee
Rs. 499 + GST
- Best suited for
Travel
- Reward type
Reward Points
Rewards
- Rewards rate
7% Rewards on Ola Spends and 1% Reward Points Other Eligible Spends
- Reward redemption
The reward points are automatically credited to your OLA money wallet. Here, 1 Reward Point = Rs. 1.
Fees & charges
- Spend-based waiver
Renewal fee waiver on a spend of Rs. 1 lakh or more in the previous year.
- Rewards redemption fee
Rs. 99
- Foreign currency markup
3.5% on all foreign currency spends
- Interest rates
3.75% Per Month (45% Per Annum)
- Fuel surcharge waiver
1% fuel surcharge waiver at all fuel stations in India with a maximum surcharge benefit of Rs. 100 in a statement cycle.
- Cash advance charges
2.5% or Rs. 500 (whichever is higher)
Product highlights
- Earn 1% Reward Points on all your spending.
- Earn 7% Reward Points on all OLA rides.
- No Joining fee is charged
- A spend-based waiver on the renewal fee is provided.
FAQs
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.