After the launch of Paytm First Credit Card, OLA too has launched its credit card OLA Money SBI Credit Card on May 15, 2019. The network provider is Visa. The card offers exiting features and cashback which we discuss in the post below.
Also Read: Know how to get Credit card against Fixed Deposit
The reward system is a bit complex as it has capping by spending. Also there is no rewards for fuel purchase. For all other spending there is 1% cashback which is good for an entry level card.
The cashback is in the form of OLA Money and is credited to the wallet with-in 3 days of transaction. You can use OLA money for OLA rides, merchant outlets and bill payment etc.
If you apply for the card before 30 June, you would be eligible for early bird offer:
OLA has a landing page for the credit card where you can express interest. Itโs a short form which asks for Phone number and PAN card number. They may use the information to pull out credit bureau score and offer the card accordingly.
Ola users will be able to apply, view and manage their Credit Card directly on the Ola app.
OLA card seems to be more rewarding than recently launched Paytm First Credit Card as it offers more cashback options, the easy application process, first-year free credit card and welcome gifts which you would miss in Paytm credit card.
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