Hot Deal Ola launches 'Ola Money SBI card' in association with SBI and Visa

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Ola CEO Bhavish Aggarwal broke the news on twitter confirming the launch of Ola Money SBI Card in association with SBI Card and VISA.

Update : you can now express interest in Ola SBI Credit card through the following link. The link also contains complete features of the card.

https://om.olacabs.com/credit-app/cc-express-in...

More details in comments

No joining fee for 1st year.
Annual fee – 500+gst fee, waived upon spending 1L in previous year.

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It’s raining credit cards in India. Yesterday, Paytm First card was launched and today Ola Card launched. I am attaching first look and the features of Ola Money SBI Card

https://cdn0.desidime.com/attachments/photos/565904/original/IMG_20190515_142817.jpg?1557910960

https://cdn0.desidime.com/attachments/photos/565905/original/IMG_20190515_142814.jpg?1557910970

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I am finding Ola SBI Card more appealing than Paytm First Card atleast through initial impressions.
The main feature of paytm card i.e. 1% cb is present plus lots of other cb. Moreover no joining fee.

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sob It’s hard to manage these many cards. Already crossed 8 cards.
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moriarty wrote:

I am finding Ola SBI Card more appealing than Paytm First Card atleast through initial impressions.
The main feature of paytm card i.e. 1% cb is present plus lots of other cb. Moreover no joining fee.

As per attached screenshot Ola SBI card is also giving 1% cashback.

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sardasa wrote:

As per attached screenshot Ola SBI card is also giving 1% cashback.

Yes that’s what I said. The main feature of Paytm Card is present in Ola Card also.

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moriarty wrote:

I am finding Ola SBI Card more appealing than Paytm First Card atleast through initial impressions.
The main feature of paytm card i.e. 1% cb is present plus lots of other cb. Moreover no joining fee.

Moreover no joining fee and 7% back on Ola Cab spends are a plus when compared to paytm credit card.

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manikantaks4u wrote:

Moreover no joining fee and 7% back on Ola Cab spends are a plus when compared to paytm credit card.

I am pretty sure PayTm credit card will launch some offer on Uber now.

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why all are launching these type of credit cards?
are bank issues cards not enough?

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htzaz wrote:

why all are launching these type of credit cards?
are bank issues cards not enough?

To take advantage of network & database
It boosts business
Co-branded cards are not new
Just that famous & more relevant parties like wallets are getting on the bandwagon

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moriarty wrote:

Guys, the ‘express interest’ link is live now. I have updated the link in the deal description. I am also attaching the link in this comment. The link also contains complete features of the card.

https://om.olacabs.com/credit-app/cc-express-in...

No card fee for the 1st year. 2nd year card fee of ₹499 waived off on spends over ₹1L

OP, please add this information in the deal page. There is annual fee but from 2nd year onwards.

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JaiKrish1031 wrote:
sob It’s hard to manage these many cards. Already crossed 8 cards.

True that. Even if single bill payment is missed, huge penalties will be charged and will impact credit score.

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moriarty wrote:

True that. Even if single bill payment is missed, huge penalties will be charged and will impact credit score.

Have multiple money management apps like walnut etmoney etc.,  Since using cred most cards are paid before due date. But having these many cards is making some pressure. blush

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Early bird offer.
500 olamoney casback on your first spend.
300 Cleartrip voucher.
Join before June 30.https://cdn0.desidime.com/attachments/photos/565912/original/Screenshot_2019-05-15-15-05-38-878_com.android.chrome.png?1557912955

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Clicking on the link says not found.

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sardasa wrote:

Clicking on the link says not found.

It was working few minutes ago. Wait for sometime, there might be some technical issue.

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moriarty wrote:

It was working few minutes ago. Wait for sometime, there might be some technical issue.

Could be.

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Not a proper application form. Seems like they are only checking who are interested.https://cdn0.desidime.com/attachments/photos/565935/original/Screenshot_20190515-154405_2.png?1557915397

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Tejaa wrote:

Not a proper application form. Seems like they are only checking who are interested.https://cdn0.desidime.com/attachments/photos/565935/original/Screenshot_20190515-154405_2.png?1557915397

Yes. I quoted earlier it is only an ‘Express Interest’ form

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Who is next phonepe card giving 10% instant discount on Flipkart and FreeCharge and myntra ?

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only “Express Interest” form….
no information on acceptance or rejection.

Maybe they will check Manually @ backend.

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Puchka wrote:

Who is next phonepe card giving 10% instant discount on Flipkart and FreeCharge and myntra ?

Nah. Clovia.com

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Puchka wrote:

Who is next phonepe card giving 10% instant discount on Flipkart and FreeCharge and myntra ?

Freecharge already launch Axis Bank Freecharge Credit card on previous month.

Freecharge Credit card available only for Axis Bank users.

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abhishek012 wrote:

Freecharge already launch Axis Bank Freecharge Credit card on previous month.

Freecharge Credit card available only for Axis Bank users.

Don’t find anything about that card. Where did you hear about it?

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JaiKrish1031 wrote:
sob It’s hard to manage these many cards. Already crossed 8 cards.

use an accounting software like tally.
as soon as you get the bill, create a future dated transaction for neft payment in your bank account set to trigger 3-4 days prior to due date

Missing