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OLA Money SBI Credit Card

by Kshitiz V Sharma on

The Bottom Line

OLA Money SBI Credit Card
Good for heavy OLA & Cleartrip users

7% Reward on all Ola rides & 1% Reward on all other spends. 5-12% cashback on Cleartrip. Better options available for most people.

Monthly Spend ₹5K ₹10K ₹20K ₹50K ₹100K
Net Reward Yield 0.1% 1.2% 1.3% 1.4% 1.5%
Est. Monthly Reward (₹) 120 260 710 1,480
All-India Rewards Rank* 146 31 44 61 51
Within Bank Rank* 13 4 6 24 20
* Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here.

The OLA Money SBI Credit Card give 7% reward on all Ola rides and 1% reward on all other spends.

Overall, you can earn a net reward yield of 1.2-1.5% on spends above ₹10,000 with this card, making this an average card.

The CASHBACK SBI Card is the best credit card for most SBI Card customers. We estimate it offers an average net reward yield of 1.9-2.3% on all your spend.

Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.


The Rewards

Card OLA Money SBI Credit Card
Card Type Reward
Reward Features – 7% Reward on all Ola rides

– 1% Reward on all other spends

Milestone Rewards Nil
Other Rewards – 5% Cashback on flight tickets booked via Cleartrip

– 10% cashback on domestic hotels booked via Cleartrip

– 6% cashback on international hotels booked via Cleartrip

– 12% cashback on Activities booked via Cleartrip

Rewards Redemption Fee ₹99
Reward Caps Unlimited
Preferred Redemption Method Cashback automatically credit to OLA wallet @ ₹1 / Reward point

Fees & Charges

Card OLA Money SBI Credit Card
Joining Fee Nil
Annual Fee ₹499 + Taxes
Min. Annual Credit Card Spend
for Fee Waiver
₹1 Lacs
Income Criteria Salaried N/A
Self-employed N/A
Supplementary Card Fee Free
Interest Rate 42.00%
Foreign Currency Markup 3.50%
Cash Advance Charge 2.50% with a minimum of ₹500
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