Ola Launches Ola Money SBI Credit Card

After the big launch of Paytm First Ever credit card with Citibank, Ola has launched Ola money SBI credit card in partnership with SBI & Visa.

Just like Paytm and Amazon, Ola credit card is a beginner credit card with a purpose to reach out masses.

Ola Money SBI credit card is a multipurpose credit card if you analyze the features. You would get extra benefits on flight booking, hotel booking, fuel surcharge waiver along with Ola rides benefit.

I will update my list of best credit cards in India 2021 if Ola credit card would deserve to be in the list.

Ola Money SBI Credit Card Fee

Joining Fee – 0

Annual Fee – Rs 499 second year onwards

The annual fee will be waived off on spending Rs 1 lakh in a year.

Ola Money SBI Credit Card Benefits

#1. Ola Rides

You will get 7% casback on your Ola rides with the Ola money SBI card. You can get a maximum cashback of Rs 500 per month.

I feel, there shouldn’t be any limit on Ola spend as this is a co-branded credit card with Ola.

#2. Flight Booking

You would get 5% cashback on flight booking on ClearTrip. The maximum cashback cap is Rs 5000 for domestic and 10,000 for international flight booking.

Note: I will update once I confirm whether the cap is per transaction, per month or per year.

You would also like to readBest Travel credit card in India

#3. Hotel Booking

Ola money card offers 20% cashback on all domestic hotel booking and 6% on all international hotel booking via cleartrip. There is no maximum cashback limit which I was expecting on Ola rides.

#4. Dining

20% cashback at 6000 restaurants via Dineout. You can only get up to Rs 200 cashback per transaction per month. This offer is added just to increase the benefits list. If you calculate, you would know, the benefit is only applicable up to Rs 1000 spend (20% = Rs 200) per month on dining.

#5. Other Spend

You would get 1% cashback on all other spends without any maximum cap. 1% cashback is a decent saving if we calculate other beginner credit cards

#6. Fuel Benefit

You will also get 1% fuel surcharge waiver with Ola Money SBI credit card. I have prepared also a list of best fuel credit card in India.

Reward Redemption

You would get the cashback as Ola money credit, in your Ola money wallet within 3 days of the transaction. You can use Ola money against Ola rides.

The cashback comes with lifetime validity.

What I like about Ola Money SBI credit card

  • Multiple cashback options
  • Easy apply process
  • 1% cashback on all spends
  • Free for the first year being a new launch

What We Didn’t Like

  • Rs 500 cap on Ola ride cashback
  • You cannot combine other promos while hotel booking

How to Apply for Ola Money SBI Credit Card

Ola has created a landing page to apply for the Ola Money SBI credit card. On the landing page, you can express your interest to apply for the card.

  • Click here to check the landing page
  • The landing page looks like
  • Click on express interest button. You would need to submit your mobile number and PAN
  • Once you click on submit, they would probably fetch the Experian score & call the customers based on the score.

Ola users will also be able to apply, view and manage their Ola Money SBI credit Card directly on the Ola app.


If we compare the features of two recently launch credit card Paytm First Ever credit card and Ola Money SBI credit card, for sure Ola Money SBI credit card win at first glance.

Ola Money credit card offers more cashback options, the easy application process, first-year free credit card and welcome gifts which you would miss in Paytm credit card.

Which is your favorite co-branded credit card, share your thoughts in the comments.

8 thoughts on “Ola Launches Ola Money SBI Credit Card”

  1. Please give a comparison of all recently launched e-commerce sites co-branded cards. Like Amazon, Flipkart, Paytm, Ola, etc.,

  2. I am new to your blog and the article on best credit cards was very helpful. Thanks. Also,I am not able to find the link to subscribe to your blog. Can you please guide me to it?


Leave a Comment