OLA Money SBI Card
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Discontinued · Earns cashback
SBI Card no longer offers this card. The bank’s own page says: “W.e.f. Dec’25, Ola Money SBI Credit Card has been discontinued.”
Open alternatives
First-year fee
₹0
NilAnnual fee
₹499 + GST
What it gives back
1% cashback · everyday spends
Fees
Renewal fee
₹499 + GST
Joining feeAdd-on card fee
₹0Nil
Fee waiver rule
Renewal Fee is reversible if annual spends for last year ≥ ₹100,000.
Rewards
Reward rate
1% cashback · everyday spends1% Reward Points on all other spends.
Rent earning
W.e.f. 01 Jul 2023, accrual of Reward Points will be discontinued for Rent Payment transactions
Travel earning
7% Reward Points on all Ola rides.
Catalogue redemption
1 Reward Points = ₹1.
Point expiry
Reward Points, if not redeemed within this period, will expire and be forfeited on the last day of the 24th month
Also included
Fuel surcharge waiver
Enjoy a 1% fuel surcharge waiver at all petrol pumps across India.
Add-on card eligibility
Add-on cards for your parents, spouse, children or siblings above the age of 18.
Balance transfer terms
Transfer outstanding balances of other banks’ credit cards to your OLA Money SBI Card at a lower interest rate and repay in easy EMIs.
Charges
Dynamic currency conversion markup
3.5%
Cash advance fee
2.5% or ₹500 whichever is higher.
Cash advance interestInterest on unpaid balance
3.75% p.m. (45% p.a.) for unsecured cards.
Cash withdrawal limit
₹15,000 per day
Interest-free period
20 to 50 days interest-free when you pay in full.
Late payment fee
₹1,300 for Outstanding Amount due greater than ₹50,000.
Over-limit fee
2.5% of Overlimit Amount (subject to a minimum of ₹600). Overlimit Fee will not be reversed in case of transaction reversal / cancellation / refund.
Payment return or dishonour fee
2% of payment amount (subject to a minimum of ₹500)
Card replacement fee
₹100 - ₹250
Cash payment / cash deposit fee
₹250
Cheque payment / dishonour fee
₹200 plus applicable taxes
Education / school fee charge
Fee on Education Payments^ : W.e.f 1st Nov 2025, 1% of the transaction amount applicable on Education Payments made through third-party apps
EMI conversion fee
1% of the booking amount or ₹2,000 whichever is less.
Reward redemption fee
Rewards Redemption Fee: ₹99+ applicable taxes.
Wallet load charge
Fee on Wallet Load^^^ : W.e.f 1st Nov 2025, 1% of the transaction amount. Applicable on every wallet load transaction exceeding ₹1,000
Rent transaction fee
₹199
Utility transaction fee
If the sum of all Utility Payments in a billing cycle exceeds ₹50,000, then a Utility Payments Fee of 1% will be charged on the total amount of Utility payments made in that billing cycle.
GST note
Other than “Haryana” - Integrated Tax @ 18%