SBI Card
OLA Money SBI Credit Card
Your rating
Community rating
Joining Fee
Free
Annual Fee
₹499
Reward Rate
1% – 7%
Forex Markup
3.5%
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Key Benefits
Rewards
How you earn back on every swipe
cashback
Reward type
1% – 7%
Earn rate
₹500
Monthly cap
Fees & Charges
Programme fees we track below. Interest on cash withdrawals or revolving balances, late-payment slabs and other charges are set by the bank and spelled out in their Most Important Terms and Conditions (MITC). Use the official product page for those details.
Travel & Lounge Access
Airport perks included with this card
0 per quarter
Domestic lounge visits
0 per year
International lounge visits
Things to Keep in Mind
- OLA Money cashback only redeemable within OLA ecosystem
- No cashback on fuel (surcharge waiver only), EMI, cash advances, government transactions
Card Features
Tips & reviews
Community comments — not financial advice. Bank terms still apply.
Eligibility
Employment type
Pros & Cons
- 7% cashback on OLA rides — credited to OLA Money wallet
- 2% cashback on groceries and dining
- 1% cashback on all other retail spends
- Zero joining fee
- Annual fee waived on ₹1 lakh spend
- Cashback credited to OLA Money wallet — not cash
- Best value only for OLA users
- No lounge access
Who is this card for?
Urban professionals who commute via OLA regularly, spending ₹2,000–₹10,000/month on rides. The 7% cashback can meaningfully offset monthly commuting costs.
Quick Links
Data last updated 24 Mar 2026