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OLA Money SBI Card

 

 



 

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    • Joining Fee : NIL
    • Renewal Fee (per annum) : Rs. 499

Privileges on OLA Money SBI Card

Know what you would be entitled to with this card

First Year Free

First Year Free

  • Zero Annual Fee for the first year
  • Second year onwards, Renewal fee of Rs. 499 reversed on annual spends of Rs. 1 Lakh
7% Rewards on OLA rides

7% Rewards on OLA rides

  • Earn 7% Reward Points on all Ola rides
  • Earn additional 8% Reward Points on all Ola rides for the first year, on applying for Ola Money SBI Card before 31 Dec’19
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7% Rewards on OLA rides
  • Reward Points will be automatically credited to your OLA Money Wallet
  • 1 Reward Point = Re.1
  • Existing Cardholders will continue to earn 7% Reward Points on their Ola spends
  • Click here for T&Cs
1% Rewards on all Spends

1% Rewards on all Spends

  • Earn 1% Reward Points on all other spends
  • Reward Points will be automatically credited to your OLA Money Wallet
  • 1 Reward Point = Re.1
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1% Rewards on all Spends
  • Click here for T&Cs
Exclusive Cleartrip Offers

Exclusive Cleartrip Offers

  • 5% cashback on flight tickets booked via Cleartrip
  • 20% cashback on domestic hotels booked via Cleartrip
  • 6% cashback on international hotels booked via Cleartrip
  • 12% cashback on Activities booked via Cleartrip
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Exclusive Cleartrip Offers
  • Cashback will be credited in OLA Money Wallet
  • Please click here for detailed Terms & Conditions
Exclusive Dineout Offers

Exclusive Dineout Offers

  • 20% back on 6k+ restaurants on payment via Dineout
  • Cashback will be credited in OLA Money Wallet
  • Please click here for detailed Terms & Conditions
Fuel Surcharge Waiver

Fuel Surcharge Waiver

  • 1% Fuel Surcharge Waiver at fuel stations across the country
  • Maximum surcharge waiver of Rs. 100 per statement cycle, per credit card account

Features of OLA Money SBI Card

Know everything about your OLA Money SBI Card

  • Worldwide Acceptance
      • Your Ola Money SBI Card is an international credit card and can be used at over 24 million outlets worldwide, including 3,25,000 outlets in India.
      • Use your card to make payments at any outlet that accepts Visa or MasterCard.
  • Add-on Cards
      • With your Ola Money SBI Card, you can empower your family with add-on cards for your parents, spouse, children or siblings above the age of 18 years.
  • Utility Bill Payment
      • Pay your electricity, telephone, mobile and other utility bills using the Easy Bill Pay facility on your Ola Money SBI Card
      • Click here to know more
  • Balance Transfer on EMI
      • Save money while paying your credit card dues
      • Transfer the outstanding balance of other banks’ credit cards to your Ola Money SBI Card, and avail a lower rate of interest and pay back in EMIs
      • Log on to sbicard.com with your user ID and password to benefit from this service
      • Click here to know more about Balance Transfer on EMI
  • Flexipay
      • With Flexipay, convert your transactions in easy monthly installments. Make any purchase for Rs. 2,500 or more using your Ola Money SBI Card, and log in with your username and password to sbicard.com within 30 days of purchase to convert it into Flexipay
      • Click here to learn how to book Flexipay
  • Easy Money Facility
      • With Easy Money, you can get a draft or cheque against your cash limit and get it delivered to your doorstep
      • Log in with your username and password to sbicard.com to book Easy Money
  • Fees
      • Joining fee: Nil
      • Renewal fee, per annum: Rs. 499, from second year onwards, Renewal Fee reversible if annual spends for last year ≥ Rs. 100,000.
      • Add-on fee, per annum: Nil
  • Extended Credit
      • Interest free credit period: 20-50 days, applicable only on retail purchases and, if previous month’s outstanding balance is paid in full.
      • Finance charges: Up to 3.35% per month, accounting to 40.2% per annum, from the date of transaction.
      • Minimum amount due: 5% of Total Outstanding (Min. Rs. 200 + all applicable taxes + EMI ( In case of EMI based product) + OVL amount (if any).
  • Cash Advance
      • Cash advance limit: Up to 80% of the credit limit, maximum Rs. 12,000 per day.
      • Free credit period: Nil
      • Finance charges: Up to 3.35% per month accounting to 40.2% per annum from the date of withdrawal
  • Cash Advance Fee
      • SBI or other domestic ATMs: 2.5% of transaction amount, subject to a minimum of Rs. 500
      • International ATMs: 2.5% of transaction amount, subject to a minimum of Rs. 500
  • Other Charges
      • Statement retrieval: Rs. 100 per statement that is more than 2 months old
      • Cheque pickup: Rs. 100
      • Cheque Fee: Rs. 100 (Payments made via cheque upto Rs. 10,000)
      • Payment Dishonor fee: 2% of the payment amount, subject to a minimum of Rs. 450
      • Late payment:
        • NIL for Total Amount due from Rs.0-Rs.200;
        • Rs. 100 for Total Amount due greater than Rs. 200 & up to Rs. 500;
        • Rs. 400 for Total Amount due greater than Rs. 500 & up to Rs. 1000;
        • Rs. 600 for Total Amount due greater than Rs. 1000 & up to Rs. 10,000;
        • Rs. 800 for Total Amount due greater than Rs. 10,000 & up to Rs. 25,000;
        • Rs. 950 for Total Amount due greater than Rs. 25,000
      • Overlimit: 2.5% of overlimit amount subject to a minimum of Rs. 500
      • Card replacement: Rs. 100
      • Emergency card replacement, when abroad: Nil
      • Foreign currency transaction: Conversion mark up: 3.5%
      • Dynamic Currency Conversion: Markup Fee: 3.50% (For All Cards Except Elite) 1.99%(For Elite Cardholders Only) (Only for transactions greater than or equal to Rs. 1,000)
      • Rewards redemption fee: Rs. 99
      • Priority Pass Lounge Charges : All Airport Lounge visits within India through the Priority Pass Program will be charged with an 19 usage fee of $27 per visit + applicable taxes. All Airport Lounge visits outside India through the Priority Pass Program, after exhausting the complimentary visits, will be charged with an usage fee of $27 per visit + applicable taxes. For more details, please visit sbicard.com All guests being accompanied by the SBI Cardholder having the Priority Pass, to visit the Airport Lounge will be charged with an usage fee of $27 per visit + applicable taxes.
      • Cash Payment Fee: Rs. 199
  • Surcharges
      • Railway tickets through counters: Rs. 30 + 2.5% of transaction amount
      • Railway tickets through irctc.co.in: 1.8% of transaction amount + service charge, as applicable
      • Petrol and other products or services sold at petrol pumps: 1% fuel surcharge waiver for each transaction upto Rs. 4000, exclusive of applicable taxes, wherever applicable, and all other charges. Maximum surcharge waiver of Rs. 100 per statement cycle, per credit card account.
  • Order of Payment Settlement

      All payments made for a cardholder account will be settled in the order of Minimum Amount Due (which is inclusive of all applicable taxes + EMI on EMI based products + 5% of Total Outstanding), Fees & Other Charges, Interest charges, Balance Transfer Outstanding, Purchase Outstanding and Cash Advance.

  • Things to know
      • Cheques payable outside clearing the zones are not accepted. We accept payment through local cheques or drafts payable in Delhi only.
      • All taxes would be charged as applicable on all the above Fees, Interest & Charges.

      Your continued use of the card will be deemed acceptance of these amendments.

      For assistance, please call SBI Card helpline at:

      Dial 39 02 02 02 (prefix local STD code) or 1860 180 1290

      All information in this communication is correct as per July 2018 and is subject to change at the discretion of SBICPSL. SBI Card Most Important Terms and Conditions are also available at www.sbicard.com

      “SBICPSL" may engage, hire, use the services of agent(s) and/or any third party(ies) for the purpose of providing marketing or sales related services or any other related services in relation to its products on its behalf and the customer may be required to deal with such agents/third parties/service providers with respect to such product/services.

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