All Cards
visabasiccredit
OLA Money SBI Credit Card
SBI Card
travel
Annual Fee
₹499
Joining Fee
Nil
Base Reward
1% points
Foreign Markup
3.5% on all foreign currency spends
Fee Waiver
Waived on ₹1L annual spend
Interest Rate
3.75% per month
Product Highlights
- Zero joining fee
- Renewal fee waiver on spending ₹1 lakh or more in the previous year
Rewards
Earn 7% Reward Points on all OLA rides and 1% Reward Points on all other eligible spends.
Redemption
1 Reward Point = ₹1 against statement
Category Rewards
| Category | Reward Rate | Monthly Cap |
|---|---|---|
other | 1%(1% Reward Points on Other Eligible Spends) | No cap |
Merchant-Specific Rewards
| Merchant | Reward | Context |
|---|---|---|
| OLA | 7% Reward Points(Capped at 500 Reward Points per month) | online |
Benefits & Features
1% fuel surcharge waiver at all fuel stations in India with a maximum surcharge benefit of ₹100 in a statement cycle.
Fees & Charges
Annual Fee₹499
Joining FeeNil
Fee WaiverWaived on ₹1L annual spend
Foreign Markup3.5% on all foreign currency spends
Interest Rate3.75% per month
Cash Advance2.5% or ₹500 (whichever is higher)
Redemption Fee₹99
Eligibility
Min Age
18 years
Max Age
65 years
Available Networks
visa
Pros & Cons
Pros
- 7% Reward Points on OLA rides
- 1% Reward Points on all other spends
Cons
- No lounge access
- Limited to OLA for maximum rewards
Additional Info
Capped at 500 Reward Points per month.
Partner Merchants
OLA