Ola in affiliation with SBI Card launched Visa powered Ola Cash SBI bank card in India right this moment. This launch comes only a day after Paytm launched their bank card in affiliation with Citi Financial institution. That is an entry stage life-style card with low annual charges and barely higher rewards than a number of the present playing cards.
Rewards
Ola Cash SBI bank card has multi-tiered reward price primarily based on retailers. Rewards are posted as Ola Cash credit score to Ola Cash pockets inside 3 days of transaction. This credit score has no expiry date.
- 7% on Ola rides as much as Rs. 500 per 30 days
- 5% on flight reserving by means of Cleartrip, as much as Rs. 5,000 for home and Rs. 15,000 for worldwide
- 20% on home lodge reserving by means of Cleartrip with no higher restrict
- 6% on worldwide lodge reserving by means of Cleartrip
- 20% on 6K+ eating places, as much as Rs. 200 by way of Dineout app
- 1% on all different spends with no higher restrict
Options
Provided that it’s entry stage co-branded card, the options are minimal. A few of the options of this vehicles are outlined under:
- Contactless enabled card
- 1% gasoline surcharge waiver
- Worldwide acceptance
- View and handle Credit score Card on the Ola app
Charges
Ola Cash SBI bank card comes with no becoming a member of charges. Nonetheless from second yr onwards, it has card charge of Rs. 499 which is waived off on spends over Rs. 1 Lakh.
The way to apply?
Proper now, you may simply specific your curiosity of becoming a member of this card on touchdown web page hosted on Ola web site.
Likely, they may verify your CIBIL rating and primarily based on that, they may invite you for this card. In future, you need to have the ability to apply for this card by way of Ola app too. Additionally they’re operating an early fowl supply whereby if you happen to be part of earlier than 30 June 2019, you’ll get following additional advantages:
- Rs. 500 as Ola Cash, credited after first transaction
- Rs. 300 Cleartrip flight voucher
- 3 Months Dineout Premium membership
Bottomline
Ola Cash SBI bank card appears to be a nicely balanced card for newbies. It’s undoubtedly higher than Paytm First bank card, nevertheless I’ll nonetheless price Amazon Pay ICICI Financial institution bank card higher than this owing to latter being life time free and higher reward price on Amazon Pay companion retailers.
