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Ola Money SBI

Annual Fee

₹499

Rewards/₹100

₹1.00 - ₹6.00

Normalized to balance base rate with bonus categories

Interest Rate

42.00%

Credit Score

700+

At a Glance

Key Benefits

7% cashback on Ola rides (max Rs 500/month), 5% on dining (max Rs 250/month), 1% fuel surcharge waiver

Lounge Access

No complimentary lounge access

Eligibility

Salaried: Rs 20,000+/month, Age: 21-60 years, CIBIL: 700+

Quick Details

Annual Fee
₹499 #75
Joining Fee
₹499 #78
Interest Rate
42.00% p.a. #108
Forex Markup
3.50% #75
Rewards/₹100
₹1.00 - ₹6.00 #37
Reward Type Cashback
Reward Currency Cashback
Min Credit Score
700+ #54
Min Monthly Income ₹20
Network VISA
Card Replacement Fee 100
Late Payment Fee ₹750
Over Limit Fee 2.50% (min ₹500)
Cash Advance Fee 2.50% (min ₹300)
Card Replacement Fee ₹100
Fee Waiver on Spend ₹50,000/yr

Reward Structure

Base

All Spends

₹1.00 /₹100
Partner

Ola

₹7.00 /₹100
Cat

Dining

₹5.00 /₹100

Reward Calculator

Allocate by Category100%
Ola
7.0 pts
50%₹25,000
Dining
5.0 pts
30%₹15,000
Other Spends
1.0 pts
20%₹10,000
Your Rewards
Points Earned148
Cash Value₹148
Breakdown
Ola35
Dining13
Other Spends100
Total Value₹148
Quick amounts:

Insurance Coverage

Lost Card

₹0

Zero liability for unauthorized transactions when reported within 3 days.

Fraud

₹0

Zero liability for fraudulent online transactions.

Quick Analysis

Ideal for regular Ola cab users who can maximize the 7% cashback on rides and dining benefits.

Pros

  • 7% cashback on Ola rides (up to Rs 500/month). 5% cashback on dining. 1% fuel surcharge waiver. Low annual fee of Rs 499.

Cons

  • Cashback caps are relatively low. Benefits tied to Ola ecosystem. Low credit limits.

Best For

Frequent Ola cab users and food delivery users

Not Ideal For

Those who rarely use Ola services

Frequently Asked Questions

What is the annual fee for Ola Money SBI Card?
The annual fee is Rs 499, waived on annual spend of Rs 50,000 or more.
How much cashback do I get on Ola rides?
You get 7% cashback on Ola cab rides up to Rs 500 per month.
Is there dining cashback?
Yes, 5% cashback on dining transactions up to Rs 250 per month.
Does it have fuel benefits?
Yes, 1% fuel surcharge waiver on fuel transactions between Rs 500-3000.
How is cashback credited?
Cashback is credited as Ola Money to your Ola wallet monthly.

User Reviews

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