What is Joining Fee and Renewal Fee of the card?

There is no Joining Fee on the OLA Money SBI Card. The Renewal Fee is Rs. 499 + taxes from second year onwards. Renewal Fee is reversible if annual spends for last year ≥ Rs. 100,000.

Can I use my card internationally?

Yes, you can use your OLA Money SBI Card at over 24 million outlets across the globe, including 3,25,000 outlets in India. You can make payments at any outlet that accepts Visa or MasterCard.

How can I apply for the card?

You can apply for an SBI Credit Card through our Website sbicard.com or via our Chatbot ILA. Alternatively, you can call SBI Card Helpline 39 02 02 02 (prefix your city STD code) or visit the nearest SBI branch.

Credit Cards

State Bank of IndiaVISA

OLA Money SBI Card

RewardsEntryVisaMastercard✦ Ola

OLA Money SBI Card

Daily rewards without the annual fee burden

Annual fee₹0

Rewards1.00%1 Reward Point per ₹100

Forex markup3.5%3.5% on all foreign currency transactions

No longer offered

State Bank of India is no longer accepting applications for this card. Existing cardholders continue to be served, so the fees and features below are kept here for reference. There is no application or eligibility check to offer.

Not open to new applicants · kept here for reference

Independent comparison platform. Not affiliated with State Bank of India. Full disclaimer

Rewards

Base earn rate

1% Reward Points on all other spends

Category	Rate	Cap
Ola Rides	—	—

• Reward Points are valid for a period of 24 months (for all cards except AURUM). For AURUM, Reward Points never expire.
• Redemption fee: ₹99

Fees & charges

Joining fee: Nil
Annual / renewal fee: ₹0
Annual fee waiver: Second year onwards, renewal fee of ₹499 reversed on annual spends of ₹1 Lakh
Add-on card fee: Nil
Interest rate: Finance Charges: 3.75% p.m. (45% p.a.) for unsecured cards; 2.75% p.m. (33% p.a.) for Shaurya, Defence Cards and Secured cards. Minimum Finance Charges ₹25
Interest-free period: 50 days
Cash advance fee: 2.5% of transaction amount (subject to a minimum of ₹500)
Overlimit fee: 2.5% of the overlimit amount that exceeds the credit limit or ₹600, whichever is higher, will be levied. Overlimit Fee will be levied only once per billing cycle.
Payment dishonour: In case of a Payment Dishonor, cardholder will be charged payment dishonor fee of 2% of Payment Amount subject to minimum charges of ₹500
Forex markup: 3.5% on all foreign currency transactions
DCC markup: 3.50%
Reward redemption: ₹99 per redemption
Fuel surcharge: 1% waiver, max ₹100/cycle

Late payment

Outstanding amount	Late fee
₹0 – ₹100	Nil
₹100 – ₹500	₹100
₹500 – ₹1,000	₹500
₹1,000 – ₹10,000	₹750
₹10,000 – ₹25,000	₹950
₹25,000 – ₹50,000	₹1,100
Above ₹50,000	₹1,300