Ola Money SBI Credit Card

Ola Money SBI Credit Card is a co-branded card ideal for people who use Ola services for their regular commute. The Ola Money SBI  Credit Card offers frequent cashbacks on rides that you take with Ola. The cashbacks are also provided on any flight or hotel bookings made via Cleartrip. It provides 7% cashback on Ola rides, 10% on hotel bookings and 5% on flight bookings.

Ola, the cobrand on the Ola Money SBI Credit Card, is one of the largest mobility platforms which is operating in more than 250 cities in India, New Zealand and the United Kingdom. It offers an alternative for mobility by allowing customers to connect with drivers who can help them travel in a range of vehicles like cars, bikes, auto-rickshaws, cabs etc. It is a convenient solution for people who can book a ride that will take them to their desired destination.

  • SURE Card
  • SBI Ola Money Card
Features SURE CardSBI Ola Money Card
EligibilityEveryone 18+Everyone 18+
Approval100%Not guaranteed, not transparent
Joining FeesNILNIL
Annual FeesNILRs.588.82 (Rs. 499 + 18% GST) Zero annual fee for first year; reversed on annual spend of Rs. 1 lakh
Interest Rate10-14%Upto 3.50% per month (42% per annum)
Cash Advance FeesNo Cash Advance2.5% of the amount withdrawn; minimum of Rs. 500
Over-limit chargesNo over-limit transactions2.5% of the overlimit amount; minimum of Rs. 600
Late payment chargesNILFrom Rs.0 to Rs.500 - Nil More than Rs.500 up to Rs.1,000 - Rs.400 More than Rs.1,000 up to Rs.10,000 - Rs.750 More than Rs.10,000 up to Rs.25,000 - Rs.950 More than Rs.25,000 up to Rs.50,000 - Rs.1,100 More than Rs.50,000 - Rs.1,300
Card replacement feeNILRs. 100 to Rs. 250
Fuel surchargeNIL1% of purchase amount 1% surcharge waiver (excluding all applicable taxes wherever applicable + other charges) for single transaction spends between Rs. 500 and Rs. 3000
Foreign currency transactionNIL3.50%
Minimum Amount DuePay in Full5% of total outstanding amount Minimum of Rs.200
Rewards10 points for every Rs.100/- transaction for everyone, everywhere.% reward points on all expenditures. 7% on Ola rides 1 reward point = I Re.
Referral RewardYesNo
Anniversary RewardYesNo
Birthday RewardYesNo
ChargebackSimple online formMail printed and signed form with required documents.
PrivacyYour data is not used and not soldNo Transparency. You may get calls for up-sells or cross-sells
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Ola Money SBI Credit Card vs. SURE Card

The Ola Money SBI Credit Card is suited for people who have to take regular Ola rides as part of their commute on a daily basis. The Ola Money SBI Credit Card, however, is only beneficial for people who are regular Ola customers or the ones who travel regularly. It cannot be used for purposes other than travel and commute. SURE credit card, on the other hand, provides offers that are applicable on a day to day basis and not just limited to a certain category.

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