The Ola Money SBI Credit Card is quickly gaining popularity among Ola users in India. This co-branded card, launched in partnership with SBI, offers compelling benefits for people who frequently use Ola for commuting. Let’s dive into the features, advantages, and everything you need to know about this credit card.
Why Ola Money SBI Credit Card Stands Out
1. Exclusive Cashback on Ola Rides
If you use Ola regularly, this card offers massive savings. You can earn up to 7% cashback on all Ola rides booked through the Ola app.
Did You Know, the Ola Money wallet is accepted not just for Ola rides but also for other services like recharges, bill payments, and more, expanding the card's value beyond just travel.
| Type of Ola Ride | Cashback Percentage |
|---|---|
| Ola Mini/Prime | 7% |
| Ola Rentals/Outstation | 7% |
| Ola Auto | 7% |
This is a fantastic perk for daily commuters who rely on Ola for travel.
2. Additional Benefits on Other Spend Categories
While the card is primarily designed for Ola rides, it also provides cashback on other spending categories like utility bills, dining, and shopping.
| Category | Cashback Percentage |
|---|---|
| Dining & Restaurants | 1% |
| Utility Bills | 1% |
| Online & Offline Shopping | 1% |
The 1% cashback on these categories adds up, especially if you use the card frequently.
Ola Money Wallet Credit: What Does It Mean for You?
One of the unique aspects of this card is that cashback earned is credited directly to your Ola Money wallet. You can then use these funds for Ola rides or other services within the Ola ecosystem. This seamless integration makes it easier for you to save on transport costs.
3. Annual Fee and Waiver
The Ola Money SBI Credit Card comes with an annual fee of ₹499, which is quite affordable for the benefits it offers. However, this fee is waived off if your annual spending exceeds ₹1,00,000.
Other Perks to Consider
- Fuel Surcharge Waiver: You get a waiver on fuel surcharge at all fuel stations across India, making it an even better card for daily use.
- Zero Liability Protection: In case of a lost or stolen card, you won’t be liable for any unauthorized transactions if you report it promptly.
- Flexible Redemption Options: Cashback earned can be used for Ola rides or redeemed for other services within the Ola ecosystem.
Conclusion: Should You Get the Ola Money SBI Credit Card?
If you’re an Ola frequent rider, this card is undoubtedly worth considering. The high cashback rates on Ola rides, combined with additional benefits in dining, shopping, and utility categories, make it a solid choice for anyone who relies on Ola for their commute. The low annual fee and easy waiver conditions only add to its appeal.
Also Read: Want to Improve Your Credit Score? Multiple Credit Cards Can Help in India
In the end, the Ola Money SBI Credit Card is perfect for those looking to make the most out of their daily rides while enjoying extra perks on everyday spending. Get one today and start saving!
Disclaimer
The information provided in this article is for general informational purposes only and does not constitute legal, tax, financial, or other professional advice. While every effort is made to ensure the accuracy and reliability of the information, laws and regulations may change, and individual circumstances vary.
Readers are encouraged to consult with qualified professionals or official government resources for personalized guidance regarding their specific situations. The author and publisher disclaim any liability for decisions made or actions taken based on the information provided herein.
