OLA Money SBI Card
SBI Card · Discontinued
Closed Ola co-brand card with no joining fee: 7% back in points on Ola rides (up to 500 points a statement), 1% on other spends, one point worth ₹1 and credited to the Ola Money wallet. Issuance stopped on 8 Dec 2025 and holders are being moved to a SimplyCLICK or SimplySAVE SBI Card.
- Annual fee
- ₹499 + GST a year
- Joining fee
- None
- Fee waiver
- Annual fee waived on ₹1,00,000 spend per card year
- Base rate
- 1% points (1 point per ₹100) on all other spends: 1 SBI Card Reward Points per ₹100 (about 1% at cash value)
- Lounges
- None on record
- Forex markup
- 3.5%
- Data
- From bank documents, checked 6 Nov 2026
Main earn rates
- 7% points on Ola rides: 7 SBI Card Reward Points per ₹100 (about 7% at cash value)
Earns nothing on
- No points on Cleartrip transactions
- No points at petrol pumps and service stations (MCCs 5172, 5541, 5542, 5983)
- No points on Flexipay or Merchant EMI
- No points on wallet loads (MCCs 6540, 6541)
- No points on rent (MCC 6513)
- No points on government-related transactions (MCCs 9399, 9311)
- No points on cash advances and balance transfers
Where the sources disagree
- Status wording: The notices page says only that "issuance" of the card was discontinued on 8 Dec 2025; the product page says the card "has been discontinued" and will be replaced by a SimplyCLICK or SimplySAVE SBI Card. We follow the page, the more specific statement about existing cards, and record the notice's date as the start.
Terms the calculator does not value
- The T&C promises "an additional 8% Reward Points on all Ola rides for the first year during the offer period", capped at a further 500 points a statement cycle. It gives no offer dates, so it is not entered as a rate.
- Points go to the Ola Money wallet, which Ola runs; their use is limited to what the wallet allows, which the SBI Card documents do not describe.
Sources
- SBI Card Key Fact Statement (file dated 26 Aug 2026) (Schedule of charges, the bank's own, read 6 Nov 2026)
- SBI Card Most Important Terms and Conditions, common MITC (index date 14 Sep 2026) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- SBI Card customer notices page (8 Dec 2025 issuance notice, 1 Jul 2023 rent notice, 1 Jul 2020 wallet notice) (Bank notice, the bank's own, read 6 Nov 2026)
- OLA Money SBI Card product-page data file (rewards, fees, fuel waiver, discontinuation message) (Product page, the bank's own, read 6 Nov 2026)
- OLA Money SBI Card Terms & Conditions booklet, SI22072025 (reward points, redemption, exclusions) (Reward terms, the bank's own, read 6 Nov 2026)
- SBI Card list of co-brand credit cards where reward points do not apply on government-related transactions from 15 Jul 2024 (Bank notice, the bank's own, read 6 Nov 2026)