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SBI OLA MONEY

  • Joining Fee NIL (Excluding GST)
  • Annual Charges 499 (Excluding GST)
  • Best Suited For Travel

Key Highlights of the SBI OLA MONEY

Zero Annual Fee for the first year
Earn 7% Reward Points on all Ola rides

Features and Benefits

Unlimited Rewards:
  • 7% reward points on all Ola Rides
  • 1 reward points on all other spends
First Year Free:
  • Ola Money SBI Credit Card comes with zero annual fee for the first year. From second year onwards, a renewal fee of Rs. 499 will be applicable.
Renewal Fee Reversal:
  • Spend Rs. 1 lakh in a year to avail renewal fee waiver.

SBI OLA MONEY Fee Charges

Joining Fee NIL
Annual Fee Rs. 499 + Taxes
Finance Charges 3.5% p.m. ( 42% p.a.)
Late Payment Charges Rs. 0 if outstanding amount is up to Rs. 500, Rs. 400 if outstanding amount is between Rs. 501 to Rs. 1000, Rs. 750 if outstanding amount is between Rs. 1001 to Rs. 10000, Rs. 950 if outstanding amount is between Rs. 10001 to Rs. 25000

SBI OLA MONEY Rewards

  1. Earn 1% Reward Points on all other spends
  2. Reward Points will be automatically credited to your OLA Money Wallet
  3. 1 Reward Point = Re.1

Documents and Eligibility

Documents

  • Proof of Identity:
  • PAN Card
  • Aadhaar Card
  • Passport
  • Driving License
  • Voter’s ID Card or Any other government approved photo ID
  • Proof of Address:
  • Aadhaar Card
  • Passport
  • Utility bills (not more than 3 months old) or Any other government approved address proof
  • Proof of Income:
  • Bank statement for the last 3 months
  • Salary slips for the last 3 months
  • Audited financials for the last two years (for self-employed) or Form 16

Eligibility

  • Age: Minimum 18 years and maximum 60 years.
  • Occupation: Salaried or Self-Employed.
  • Income: Regular source of income is required.
  • Credit Score: A good credit score is necessary.
  • Add-on Card: Add-on cardholders must be over 18 years of age.

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Terms & Conditions Apply