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Ola Money SBI Credit Card

The Ola Money SBI Credit Card is a co-branded offering designed for frequent commuters and reward seekers. It provides enhanced reward points on ride bookings, flexible reward redemption, and a zero first-year fee. An annual fee waiver is available on meeting the specified yearly spending threshold.

Ola Money SBI Credit Card

About the Ola Money SBI Credit Card

The Ola Money SBI Credit Card is a co-branded offering created for users who frequently rely on app-based cab services. It delivers enhanced value on ride-related payments through higher reward earnings, along with standard returns on other everyday purchases. While bonus rewards on cab bookings are subject to a monthly limit, regular spending continues to earn reward points without restriction. The accumulated points can be conveniently used to offset the cost of future rides through a wallet-based payment option, offering straightforward redemption at full value.

This credit card is best suited for individuals who regularly use cab services for daily travel or occasional trips. It is issued without any joining charge, making it easy to get started. From the second year onward, the renewal fee is kept affordable and can be waived by meeting a reasonable annual spending requirement. This structure ensures long-term value while keeping overall card costs under control.

Features & Benefits

Reward Earnings

  • Earn higher reward points on cab ride bookings made through the partner app, subject to a monthly cap
  • Receive standard reward points on all other eligible card transactions

Reward Credit Mechanism

  • Earned reward points are automatically added to the linked digital wallet for easy tracking and use

Redemption Value

  • Each reward point holds a fixed monetary value, making redemption simple and transparent

Annual Fee Waiver

  • The yearly renewal charge is reversed on achieving the specified spending threshold in the previous year

Fuel Savings

  • Enjoy a waiver on fuel surcharge for eligible fuel transactions, capped at a defined monthly limit

Ola Money SBI Credit Card Reward Points & Cashback Calculator

Reward Points Calculator

Ola Money SBI Credit Card: Fees & Charges

Particulars Amount
Joining Fee Nil
Annual Fee Rs. 499 + Applicable Taxes
Finance Charges 3.75% p.m. (45% p.a.)
Late Payment Charges
On outstanding balance of –
Up to Rs. 500 Nil
More than Rs. 500 to Rs. 1,000 Rs. 400
More than Rs. 1,000 to Rs. 10,000 Rs. 750
More than Rs. 10,000 to Rs. 25,000 Rs. 950
More than Rs. 25,000 to Rs. 50,000 Rs. 1,100
More than Rs. 50,000 Rs. 1,300

Things to Know Before You Apply

Get This Card If:

  • You frequently travel for daily commutes and regularly use app-based cab services for these rides
  • A significant part of your monthly budget goes toward transportation expenses
  • You prefer a credit card with a low or easily waivable annual fee
  • Your spending pattern falls in the low to mid range category
  • You can effectively use reward points as wallet balance to offset future ride costs
  • You aim to maximise savings through regular cab bookings and smart reward utilisation

Steps to Close Ola Money SBI Credit Card

If you want to cancel your Ola Money SBI Credit Card, you can do so easily through the official channels provided by SBI Card. The bank allows both online and offline methods for a smooth closure process.

  1. Choose Your Preferred Method

    You can initiate the cancellation request using any of the following options:

    a) Via Customer Care

    • Call the helpline number: 📞 1860 180 1290

    • Or dial 📞 3902 0202 (add your local STD code before calling)

    • Request the executive to close your credit card

    b) Via Written Request

    • Write a formal letter requesting closure of your credit card

    • Send it to:
      SBI Card, PO Bag 28, GPO, New Delhi – 110001

    • Include the following details:

      • Your name

      • Registered address

      • Credit card number (last few digits)

      • Contact details

  2. Verify Your Identity:- During the process, you may be asked to confirm your identity by sharing basic details linked to your card account.

  3. Clear All Outstanding Dues:- Before your card can be closed, ensure that:

    • All pending balances are paid

    • No EMIs, fees, or charges remain

    The closure request will only be processed after your account shows zero balance.

  4. Wait for Confirmation:- Once your request is submitted and verified:

    • The bank will process the cancellation

    • You will receive confirmation via SMS, email, or call

    Keep this confirmation safely for future reference.

  5. Destroy Your Credit Card:- After initiating the closure:

    • Cut the card diagonally across the chip and magnetic strip

    • This prevents any unauthorized use

Important Points to Remember

  • Do not share sensitive details like CVV or PIN in calls or written requests

  • All add-on cards linked to the primary card will be automatically cancelled

  • Stop using the card once the closure request is raised

After Closure

  • Check your credit report after a few weeks

  • Ensure the card status is updated as “closed”

Ola Money SBI Credit Card Helpline Number

If you need assistance with your Ola Money SBI Credit Card, you can contact the support teams of both SBI Card and Ola Money depending on your query.

SBI Credit Card Customer Care Numbers

📞 1860 180 1290
📞 3902 0202 (Add your local STD code before dialing)

These numbers are available for general credit card support such as billing queries, payments, card blocking, and account-related assistance.

Ola Money Support (Rewards & Offers Queries)

📧 cards.care@olamoney.com

You can write to this email ID for issues related to rewards, cashback, or promotional offers linked to your Ola Money SBI Credit Card.

Additional Ola Money Support

📧 support@olamoney.com
📞 080-37101888

These contact options can be used for general Ola Money services or wallet-related queries.

Services Available

  • Credit card billing and payment assistance

  • Card blocking in case of loss or theft

  • Reward points and offer-related queries

  • Account and transaction support

  • Credit card closure or service requests

Important Note

  • Do not share sensitive information like CVV, PIN, or OTP with anyone

  • Always contact through official channels for secure assistance

FAQs

Who is this credit card best suited for?

This card is ideal for first-time or entry-level users who want savings on app-based cab rides. It works well for those who frequently use such services and prefer earning value-back on daily commute expenses at a reasonable annual cost.

The reward points earned on eligible transactions are automatically added to the linked digital wallet. Completing wallet verification helps users access and utilise the full value of these rewards without restrictions.

Reward points are credited at a fixed value into the associated wallet, from where they can be redeemed directly against future ride bookings, making the redemption process simple and seamless.

Cardholders can earn a percentage-based value-back on each eligible ride payment. These benefits are subject to a monthly maximum limit, beyond which standard rewards apply.

You can submit an application online through the card issuer’s official platform or via the associated mobile app. After providing required details and documents, the card is issued upon successful eligibility verification.

There is no fee to get started with the card. From the second year onward, a modest renewal fee is applicable, which can often be waived by meeting a specified annual spending requirement.

In case of loss or theft, the card should be blocked immediately using customer support channels or the official mobile app to prevent misuse. A replacement card can then be requested.

Support is available through dedicated helpline numbers, online account access, and the mobile application, where users can raise queries related to billing, rewards, or card services.

To close the card, contact customer support and request cancellation after clearing all outstanding dues. A confirmation is shared once the closure process is successfully completed.