OLA Money SBI Credit Card: The OLA Money SBI Credit Card, in partnership with SBI bank and OLAMoney. This credit card is considered one of the SBI’s basic credit card, best suited for those who are frequently traveller through Ola cab. The card comes with zero joining fees and amazing offers in different categories and also offers great deals and discount and travel benefits as well.
The credit card consists of many perks and benefits from travel to cashback and from earning reward points as well on day-to-day ola rides, not just that you as a card holder also get cashback on travel through fight via Domestic as well as International hotel booking all so through Cleartrip.
Here, in this article we are going to see the all the benefits and advantages of owning this SBI credit card and Eligibility and how to apply for the same.
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Contents
1. OLA Money SBI Credit Card Features and Benefits
The OLA Money SBI Credit Card offers its customer with great deals in different categories, such as travel, earn reward points, milestone benefits, welcome benefits, and many more.
Here we have mentioned the features and benefits offered by the OLA Money SBI Credit Card:
- Welcome Benefits: As a welcome benefits, get a flight voucher worth Rs. 300 and also, earn voucher worth Rs. 2000 as EaseMyTrip voucher with the OLA Money SBI credit card.
- Travel Benefits: As a travel benefit, get cashback through cleartrip, on domestic hotel bookings and on international hotel bookings i.e., 10% and 6% cashback. Also, get 5% cashback on flight tickets when booked through Cleartrip and 12% on all the activities booked via Cleartrip as well.
- Reward Points: You will receive 7% reward points, on all your spends made on OLA and these rewards points will be credited to your OLA Money Wallet. You will also be rewarded 1% reward points, on all other spends made by the card and the reward points will be automatically credited to your OLA Money wallet.
- Fuel Surcharge Waiver: On your fuel transactions, cardholders will get a fuel surcharge waiver of 1%, at fuel pumps all over India, with maximum surcharge waiver is capped at Rs. 100 per statement cycle.
2. OLA Money SBI Credit Card Fees and Charges:
- The Annual fee or Renewal fee charges are- Rs. 499, which is waived if the cardholder has spent Rs. 1 lakh or more in the previous year.
- The Cash withdrawal fee, Rs. 500 or 2.5% of the withdrawn amount Domestic ATMs and also on International ATMs.
- On all the Foreign currency transaction, you have to pay forex fee of 3.5% on the transacted amount. This fee is to be paid on all international transactions done using this credit card.
- An interest rate of 3.5% per month (42% annually) is applicable on the due amount on the card if the cardholder is unable to clear all the dues by the payment due date.
- Late Payment Charges are- apart from the interest rate, a late payment fee shall also be applicable, For Statement Balance: Nil for the total amount due from Rs. 0 to Rs. 500, Rs. 400 for the total amount due greater than Rs. 500 and up to Rs. 1,000, Rs. 750 for the total amount due greater than Rs. 1,000 and up to Rs. 10,000, Rs. 950 for the total amount due greater than Rs. 10,000 and up to Rs. 25,000, Rs. 1,100 for the total amount due greater than 25,000 and up to Rs. 50,000 and Rs. 1,300 for the total amount due greater than Rs. 50,000.
3. OLA Money SBI Credit Card Eligibility Criteria to Apply:
The common eligibility criteria and the documents required to apply for OLA Money SBI Credit Card are as follows:
- The age limit for applying for this card is 18- 65 years of age for salaried individuals and 21- 60 years of age for self-employed people.
- The cardholder should be an Indian resident.
- The cardholder should have a stable source of income either through salary or self-employment.
- For Identity Proof documents you need are Aadhar Card, Voters Id, PAN Card, Passport, Driving License.
- For Address Proof, Utility bills of the latest months, Aadhar Card, Passport, and Ration card are the needed documents.
- For Income Proof, you need to submit the latest bank statement as a salaried person, and can also, submit your company ID card, if you are salaried individuals, and if you are self-employed, you should submit your latest ITR.
4. How to Apply for OLA Money SBI Credit Card:
For OLA Money SBI Credit Card you can apply either online or offline. For offline mode, you can visit your nearest SBI branch with all the required documents and fill out the physical application form.
Here are the steps to be followed to apply for your OLA Money SBI Credit Card:
- Step 1: Visit Official website of the SBI- www.sbicard.com.
- Step 2: Select the option of ‘Credit Card’ and click on ‘Apply Now’.
- Step 3: Then, select ‘OLA Money SBI Credit Card’.
- Step 4: Next, click on ‘Next Step’.
- Step 5: Enter all the requested details and providing the required documents.
Therefore, this the method you can apply for your OLA Money SBI Credit Card online.
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