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

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moriarty

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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Deal Captain Deal Captain
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This card is useless now. 7% cashback limited to 500 per month with 499+ GST annual fees .
Axis Ace gives unlimited cashback at 4% rate on ola. Cashback is credited directly to statement rather than ola wallet.

Deal Captain Deal Captain
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getready wrote:

Update: The card seems to be LTF
Just got this automated mail but no charges got added to my 13th month statement!
Can anyone else confirm if the charges got added to 13th month statement and then credited* before 14th?
cc @nimod @A2Zdeals @_One_Miller_ @mas143forever @aswaniexpress @srini1973 @A.M.A.Z.O @rohit_agarwal

https://cdn0.desidime.com/attachments/photos/670736/original/Screenshot_20210310-214515_2.png?1615393286https://cdn0.desidime.com/attachments/photos/670737/original/Screenshot_20210310-214630_3.png?1615393299

Yes. for me they added 499 + GST and reversed as spends are > 1L.

Deal Lieutenant Deal Lieutenant
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soccergiants wrote:

This card is useless now. 7% cashback limited to 500 per month with 499+ GST annual fees .
Axis Ace gives unlimited cashback at 4% rate on ola. Cashback is credited directly to statement rather than ola wallet.

i think 7% is better than 4%. isn’t it ?

Deal Captain Deal Captain
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nomag wrote:

i think 7% is better than 4%. isn’t it ?

Yes, but there is cashback limitation and also add annual fees. No point in getting this standalone card as Axis Ace does the job and best part amount directly credited to Card. Ola money usage is already limited.

Mobile Guru Mobile Guru
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Any one tried using OLA SBI for 10% discount on TataCliQ recently? (October 3 to 7 sale ) ?
( I tried but the discount isn’t reflecting )

Pro Entertainer Pro Entertainer
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getready wrote:

Any one tried using OLA SBI for 10% discount on TataCliQ recently? (October 3 to 7 sale ) ?
( I tried but the discount isn’t reflecting )

I checked randomly for their refreshed offer 8-10 Oct and it is working

Deal Subedar Deal Subedar
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only thing is it give point in form of ola money only , which have limited utilisation besides cab

Mobile Guru Mobile Guru
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Now SBI credit card section is gone from Ola App. Was wondering why i couldn’t login for the past 2 days and here’s the reason

https://cdn0.desidime.com/attachments/photos/784269/medium/IMG_20220701_192222.jpg?1656683558

Deal Subedar Deal Subedar
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getready wrote:

Now SBI credit card section is gone from Ola App. Was wondering why i couldn’t login for the past 2 days and here’s the reason

https://cdn0.desidime.com/attachments/photos/784269/medium/IMG_20220701_192222.jpg?1656683558

but i can see invite in my app too 

Mobile Guru Mobile Guru
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pranavcool wrote:

but i can see invite in my app too 

May be, its just limited to application. Credit card section is gone forever 

https://cdn0.desidime.com/attachments/photos/784271/medium/IMG_20220701_195214.jpg?1656685373

Deal Lieutenant Deal Lieutenant
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getready wrote:
May be, its just limited to application. Credit card section is gone forever 

https://cdn0.desidime.com/attachments/photos/784271/medium/IMG_20220701_195214.jpg?1656685373

Yes its gone due to that card save guidelines
Deal Subedar Deal Subedar
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getready wrote:
May be, its just limited to application. Credit card section is gone forever 

https://cdn0.desidime.com/attachments/photos/784271/medium/IMG_20220701_195214.jpg?1656685373

oh i see its coz of rbi rule nice now ola and Zomato won't store transaction data

Critic Critic
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pranavcool wrote:

oh i see its coz of rbi rule nice now ola and Zomato won’t store transaction data

You mean card data(basically card number & expiry date) because txn data(amt, time, unique txn id etc) will always be saved.

Deal Subedar Deal Subedar
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guest_999 wrote:

You mean card data(basically card number & expiry date) because txn data(amt, time, unique txn id etc) will always be saved.

only bank apps will save not the ui provider

Critic Critic
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pranavcool wrote:

only bank apps will save not the ui provider

If you use rbl zomato card on zomato app then obviously zomato will also have record of your txn details else how would rbl & zomato resolve cases of cb & refunds & frauds.

Mobile Guru Mobile Guru
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guest_999 wrote:

If you use rbl zomato card on zomato app then obviously zomato will also have record of your txn details else how would rbl & zomato resolve cases of cb & refunds & frauds.

You’re getting confused with transactions on other apps/services. This is about Co-branding partners and information access! @pranavcool

Role of co-branding partner entity

(a) The role of the co-branding partner entity under the tie-up arrangement shall be limited to marketing/distribution of the cards and providing access to the cardholder for the goods/services that are offered.
(b) The co-branding partner shall not have access to information relating to transactions undertaken through the co-branded card. Post issuance of the card, the co-branding partner shall not be involved in any of the processes or the controls relating to the co-branded card except for being the initial point of contact in case of grievances.
Deal Subedar Deal Subedar
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pranavcool wrote:

oh i see its coz of rbi rule nice now ola and Zomato won’t store transaction data

Wasnt this extended by another 3 months. Besides I see RBL Zomato on Zomato app.

Mobile Guru Mobile Guru
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Knight11 wrote:

https://www.google.com/amp/s/www.moneycontrol.c...

Is this different from what is being talked about?






Yes, it is
The above discussion is about data sharing between cc issuers and co-branding partners. RBI says co-branding partner’s job is only restricted to marketing/distribution of the cards
SBI cards section is gone from ola app, soon Zomato and Flipkart will remove respective card sections for RBL and AXIS ccs

Critic Critic
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getready wrote:

You’re getting confused with transactions on other apps/services. This is about Co-branding partners and information access! @pranavcool

Role of co-branding partner entity

(a) The role of the co-branding partner entity under the tie-up arrangement shall be limited to marketing/distribution of the cards and providing access to the cardholder for the goods/services that are offered.
(b) The co-branding partner shall not have access to information relating to transactions undertaken through the co-branded card. Post issuance of the card, the co-branding partner shall not be involved in any of the processes or the controls relating to the co-branded card except for being the initial point of contact in case of grievances.

I assumed “txn data” meant the amt/date/some unique id which is standard on any online shopping/services platform(e.g. using zomato card person A ordered from restaurant XYZ at 9pm on 25th June 2022 for total order value of Rs.500 & unique order id is 123abc456 as per zomato records).

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