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Side-by-Side Comparison|Updated March 2026

OLA Money SBI Card vs Amazon Pay ICICI Bank Credit Card

Detailed comparison of fees, rewards, benefits, and value to help you choose the right credit card for your spending pattern.

SBI Card

OLA Money SBI Card

6.5/10
Annual Fee₹499
Base Rewards1%
NetworkVisa
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ICICI Bank

Amazon Pay ICICI Bank Credit Card

9.5/10
Annual FeeFree
Base Rewards1%
NetworkVisa
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Feature-by-Feature Comparison

FeatureOLA Money SBI CardAmazon Pay ICICI Bank Credit Card
Annual Fee₹499Free
Joining FeeFreeFree
Fee Waiver Spend₹1,00,000N/A
Base Reward Rate1%1%
Reward CurrencyOla MoneyAmazon Pay Balance
NetworkVisaVisa
Editor Rating6.5/109.5/10
Forex Markup3.5%3.5%

Pros & Cons

OLA Money SBI Card

Pros

  • Industry-leading 7% reward points on all Ola rides and Ola Postpaid spends.
  • Direct 1:1 redemption value where 1 Reward Point equals ₹1 in Ola Money wallet.
  • Significant travel benefits on Cleartrip including up to 12% cashback on activities.
  • Zero joining fee and an easily achievable annual fee waiver at ₹1 Lakh spend.

Cons

  • Monthly reward capping of 500 points on Ola rides limits benefits for heavy commuters.
  • No complimentary domestic or international airport lounge access.
  • Base reward rate of 1% on other spends is relatively low compared to competitors.

Amazon Pay ICICI Bank Credit Card

Pros

  • Unlimited 5% cashback on Amazon.in for Prime members with no upper cap.
  • Lifetime free card with zero joining and annual fees forever.
  • Rewards are automatically credited as Amazon Pay balance every month.
  • Competitive 1.99% forex markup fee for international transactions.

Cons

  • Cashback is restricted to Amazon Pay balance and cannot be withdrawn as cash.
  • Lounge access is now spend-based (₹75,000 per quarter) rather than flat complimentary.
  • No rewards on fuel, rent, gold, or EMI transactions.

Our Verdict

Amazon Pay ICICI Bank Credit Card edges ahead overall with a stronger combination of rewards and value. However, OLA Money SBI Card could be the better pick if its specific category strengths match your spending habits.

Choose OLA Money SBI Card if

Frequent Ola users can maximize the 7% cashback on daily rides to significantly reduce travel costs.

Choose Amazon Pay ICICI Bank Credit Card if

Maximum value for Prime members shopping frequently on Amazon India.

Frequently Asked Questions

Which is better: OLA Money SBI Card or Amazon Pay ICICI Bank Credit Card?
Amazon Pay ICICI Bank Credit Card edges ahead overall with a stronger combination of rewards and value. However, OLA Money SBI Card could be the better pick if its specific category strengths match your spending habits.
What is the annual fee difference between OLA Money SBI Card and Amazon Pay ICICI Bank Credit Card?
OLA Money SBI Card has an annual fee of ₹499, while Amazon Pay ICICI Bank Credit Card has no annual fee. OLA Money SBI Card offers a fee waiver on ₹1,00,000 annual spend.
Which card has better rewards: OLA Money SBI Card or Amazon Pay ICICI Bank Credit Card?
OLA Money SBI Card offers a base reward rate of 1%. Amazon Pay ICICI Bank Credit Card offers 1% base rewards. The better choice depends on your primary spending categories.
Can I have both OLA Money SBI Card and Amazon Pay ICICI Bank Credit Card?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. OLA Money SBI Card and Amazon Pay ICICI Bank Credit Card can complement each other if they cover different reward categories.
Which card is better for beginners: OLA Money SBI Card or Amazon Pay ICICI Bank Credit Card?
For beginners, Amazon Pay ICICI Bank Credit Card may be more approachable with no annual fee. However, evaluate based on your expected spending pattern rather than fee alone.

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