The OLA Money SBI Card was a co-branded credit card offered by the State Bank of India (SBI) in collaboration with Ola Cabs, a prominent ride-hailing service in India.
This credit card was designed to cater to the needs of frequent Ola users and offered various benefits related to Ola rides and more.
OLA Money SBI Card Benefits
The OLA Money SBI Credit Card is a collaborative offering by the State Bank of India (SBI) and OLA cabs, catering to frequent cab users. With no joining fee and an annual fee of Rs. 499, this card offers enticing features.
Cardholders earn 7% reward points on OLA and OLA Postpaid transactions, while other spends yield 1% reward points, credited directly to the OLA Money Wallet.
Additional perks include cashback on Cleartrip flight and hotel bookings, along with a 1% fuel surcharge waiver on fuel expenses nationwide.
The card’s credit limit is determined by factors like income, credit score, and repayment history, decided at the bank’s discretion.
| Fees | Charges |
|---|---|
| Joining Fee | Nil |
| Renewal Fee (per annum) | Rs. 499 (from the second year onwards) |
| Renewal Fee Reversible | If annual spends for the last year ≥ Rs. 100,000 |
| Add-on Fee (per annum) | Nil |
OLA Money SBI Card eligibility
To ensure that you meet the current eligibility criteria and to get the most accurate information, visit the official SBI Card website or contact SBI Card customer support before applying.
- Age typically 18 or above.
- Minimum income requirement (varies by card variant).
- Good credit history and credit score.
- Indian resident or Non-Resident Indian (NRI) status.
- Employment status (salaried or self-employed).
- Valid address proof.
- Existing relationship with SBI (sometimes considered).
Documents Required
- Identity Proof:
- Aadhar Card
- Passport
- Voter ID
- PAN Card
- Driver’s License
- Address Proof:
- Aadhar Card
- Passport
- Voter ID
- Utility Bill (electricity, water, gas, etc.) not more than 2-3 months old
- Bank Statement or Passbook with the latest entries
- Income Proof:
- Salary Slips (for salaried individuals)
- Income Tax Returns (ITR) or Form 16 (for salaried individuals)
- Bank Statements (for self-employed individuals)
- Recent passport-size color photographs may be required for card processing.
- You’ll need to fill out the SBI credit card application form with accurate information.
- In some cases, SBI may request additional documents, such as a business registration certificate or proof of income for self-employed individuals.
How to apply OLA Money SBI Card?
Read the terms and conditions before applying for OLA Money SBI Card. The application process may vary slightly depending on your location and the latest procedures, so it’s a good idea to check the official website or contact SBI Card customer support for the most up-to-date information.
Online Application for SBI Credit Card:
- Visit the SBI Card Website (www.sbicard.com).
- Browse through available credit card options.
- Select “Apply Now” next to your chosen credit card.
- Fill in the online application form with personal, contact, employment, and financial details.
- Upload required documents like identity proof, address proof, income documents, and photographs.
- Review your information and submit the application.
- Track your application status online.
Offline Application for SBI Credit Card:
- Visit a nearby SBI branch.
- Request an SBI credit card application form from bank staff.
- Fill in the form with personal and financial information.
- Attach copies of identity proof, address proof, income documents, and photographs.
- Submit the completed application form to the bank.
- Inquire about your application’s status through the branch or customer service.
Hey, I’m Ratiranjan Singha, the Creator of Myworldstuffs.com. I Offer in-Depth Articles and Guides that Help you to Understand Various Financial Concepts.
