OLA Money SBI Card

Charge

• Finance charges: up to 3.75% per month (45% p.a.) for unsecured cards.
• Minimum finance charge ₹25.
• Cash advance fee: 2.5% of transaction amount, minimum ₹500 (domestic and international ATMs).
• Cash payment fee: ₹250 + applicable taxes.
• Cheque payment fee: ₹200.
• Payment dishonor fee: 2% of payment amount, minimum ₹500.
• Overlimit fee: 2.5% of overlimit amount, minimum ₹600.
• Card replacement fee: ₹100 - ₹250.
• Dynamic Currency Conversion Fee: 3.5%.
• Rewards Redemption Fee: ₹99.
• Processing Fee on all Rent Payment Transactions: ₹199.
• Late payment charges: Nil for ₹0-₹100.
• ₹100 for greater than ₹100 up to ₹500.
• ₹500 for greater than ₹500 up to ₹1,000.
• ₹750 for greater than ₹1,000 up to ₹10,000.
• ₹950 for greater than ₹10,000 up to ₹25,000.
• ₹1,100 for greater than ₹25,000 up to ₹50,000.
• ₹1,300 for greater than ₹50,000, plus additional ₹100 late payment charge on missing MAD for two consecutive cycles.
• Utility Payments Fee: w.e.f. 1st Dec 2024, 1% of total Utility Payments if total exceeds ₹50,000 in a billing cycle.
• Fee on Education Payments: w.e.f. 1st Nov 2025, 1% on payments via third-party apps.
• Fee on Wallet Load: w.e.f. 1st Nov 2025, 1% on every wallet load transaction exceeding ₹1,000.

Verified · Most Important Terms & Conditions (MITC) – English · 2026-08-04 · source

Interest-free period

20 to 50 days (applicable only on retail purchases and if previous month's outstanding balance is paid in full).

Verified · Most Important Terms & Conditions (MITC) – English · 2026-08-04 · source

Fuel surcharge waiver

1% fuel surcharge waiver (excluding GST) on eligible transaction value at petrol pumps.

Verified · Most Important Terms & Conditions (MITC) – English · 2026-08-04 · source