Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Annual and renewal feeAnnual fee nil; renewal fee ₹499 + applicable taxesEffective 30 Jul 2026View source
The lists nil annual fee and ₹499 renewal fee for OLA Money Card.
- Source
- Card Key Fact Statement
- Page / section
- Annual Fees and Renewal Fees table
- Accessed
- 1 Sept 2026
- Confidence
- high
Renewal-fee reversalRenewal fee waived at ₹1 lakh preceding-year annual spendEffective 30 Jul 2026View source
The publishes the ₹1 lakh renewal-fee waiver threshold.
- Source
- Card Key Fact Statement
- Page / section
- Annual Fees and Renewal Fees table
- Accessed
- 1 Sept 2026
- Confidence
- high
Issuance statusNew issuance discontinued from 8 December 2025Effective 8 Dec 2025View source
The issuer notice says issuance of OLA Money Credit Card was discontinued from 8 December 2025.
- Source
- Card customer notice on OLA Money issuance
- Page / section
- Discontinuation notice
- Accessed
- 1 Sept 2026
- Confidence
- high
EligibilityAge 21–70; salaried or self-employed; regular income; good credit profile; issuer approval.View source
Age 21–70; salaried or self-employed; regular income; good credit profile; issuer approval.
- Source
- OLA Money Card — official eligibility and network details
- Page / section
- Application guidelines / card network
- Accessed
- 1 Sept 2026
- Confidence
- high
Monthly finance chargeUp to 3.75% per month for unsecured cardsView source
The current publishes a maximum 3.75% monthly finance charge for unsecured cards.
- Source
- Card Most Important Terms and Conditions
- Page / section
- Extended Credit — Finance Charges
- Accessed
- 1 Sept 2026
- Confidence
- high
Maximum annual finance chargeUp to 45% per annum for unsecured cardsView source
The issuer states 3.75% per month, equivalent to 45% per annum, for unsecured cards.
- Source
- Card Most Important Terms and Conditions
- Page / section
- Extended Credit — Finance Charges
- Accessed
- 1 Sept 2026
- Confidence
- high
Foreign-currency markup3.5% dynamic-currency-conversion fee under the current MITC general ruleView source
The lists a 3.5% dynamic-currency-conversion fee for cards outside its named lower-markup exceptions.
- Source
- Card Most Important Terms and Conditions
- Page / section
- Dynamic currency conversion fee
- Accessed
- 1 Sept 2026
- Confidence
- medium
Income eligibilityNo universal rupee minimum-income threshold is published; the discontinued card's current sources do not provide a new-applicant income ruleEffective 8 Dec 2025View source
The issuer notice addresses discontinuation, not a rupee income threshold.
- Source
- Card customer notice on OLA Money issuance
- Page / section
- Discontinuation notice and linked product page
- Accessed
- 1 Sept 2026
- Confidence
- high
NetworkThe reviewed current OLA Money page does not identify a payment networkView source
The current page is retained for historical reference and does not publish a network variant.
- Source
- OLA Money Credit Card official product page
- Page / section
- Current product page
- Accessed
- 1 Sept 2026
- Confidence
- high
Rewards1% Reward Points on eligible spends; total 7% Reward Points on OLA rides, plus an additional 8% on OLA rides during the first year of the offer period; OLA rewards capped at 500 points per statement cycle and additional points capped separately at 500Effective 22 Jul 2025View source
The archived issuer terms publish the base, OLA-ride and first-year additional earn rates and the two caps.
- Source
- OLA Money Credit Card terms and
- Page / section
- Reward Point Accrual
- Accessed
- 1 Sept 2026
- Confidence
- high
Cashback / value backNo statement cashback is published; the archived card proposition uses Reward Points insteadEffective 22 Jul 2025View source
The archived terms describe Reward Points and do not state a separate statement cashback rate.
- Source
- OLA Money Credit Card terms and
- Page / section
- Reward Point Accrual
- Accessed
- 1 Sept 2026
- Confidence
- high
Offers and exclusionsAdditional 8% Reward Points on OLA rides for the first year during the offer period; Cleartrip, EMI, Flexipay, balance transfer, cash advance, financial charges, fuel, disputed and rent transactions are excluded under the archived termsEffective 22 Jul 2025View source
The archived terms list the first-year ride offer and transaction exclusions.
- Source
- OLA Money Credit Card terms and
- Page / section
- Reward Point Accrual and exclusions
- Accessed
- 1 Sept 2026
- Confidence
- high
Airport-lounge accessNo airport-lounge benefit is listed in the archived OLA Money terms or the current SBI Card lounge programmeEffective 22 Jul 2025View source
The archived product terms reviewed do not publish a lounge allocation.
- Source
- OLA Money Credit Card terms and
- Page / section
- Product benefits
- Accessed
- 1 Sept 2026
- Confidence
- high
Benefits and features
- Renewal fee ₹499, waived at ₹1 lakh preceding-year spend according to the current Card fee table
- New issuance discontinued from 8 December 2025; existing-account servicing remains subject to issuer terms
Eligibility
- No new applications are accepted after the issuer's discontinuation notice.
- The reviewed current OLA Money page does not publish a replacement eligibility threshold.
Passing a listed condition does not mean the bank will approve an application.
Related official documents
SBI Card Key Fact Statementkey-fact-statement · current · accessed 1 Sept 2026
↗SBI Card Most Important Terms and Conditionsmost-important-terms-and-conditions · current · accessed 1 Sept 2026
↗SBI Card customer notice on OLA Money issuanceofficial-customer-notice · current · accessed 1 Sept 2026
↗OLA Money SBI Credit Card terms and MITCofficial-product-terms · historical · accessed 1 Sept 2026
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