* 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.
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 netreward 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
References & Footnotes
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Our analysis of 100s of flights shows that miles from international airlines are worth much less in India that they are globally, between 16-54% less. Their value in India is between ₹0.50/mile for the Etihad to ₹0.80/mile for BA & SQ.