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Side-by-Side Comparison|Updated March 2026

OLA Money SBI Card vs Axis Bank ACE 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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Axis Bank

Axis Bank ACE Credit Card

8.5/10
Annual Fee₹499
Base Rewards1%
NetworkVisa
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Feature-by-Feature Comparison

FeatureOLA Money SBI CardAxis Bank ACE Credit Card
Annual Fee₹499₹499
Joining FeeFree₹499
Fee Waiver Spend₹1,00,000₹2,00,000
Base Reward Rate1%1%
Reward CurrencyOla MoneyCashback
NetworkVisaVisa
Editor Rating6.5/108.5/10
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.

Axis Bank ACE Credit Card

Pros

  • 5% cashback on utility bills and recharges via Google Pay (Android only)
  • 4% cashback on Swiggy, Zomato, and Ola with no individual merchant capping
  • Flat 1.5% uncapped cashback on all other eligible spends
  • Complimentary domestic lounge access (4 visits per year)

Cons

  • Combined monthly capping of ₹500 on 5% and 4% cashback categories
  • Lounge access requires a minimum spend of ₹50,000 in the previous 3 months
  • 5% utility cashback is restricted to Google Pay on Android devices

Our Verdict

Axis Bank ACE 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 Axis Bank ACE Credit Card if

Highest cashback rate in the market for electricity, gas, and internet bills via GPay.

Frequently Asked Questions

Which is better: OLA Money SBI Card or Axis Bank ACE Credit Card?
Axis Bank ACE 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 Axis Bank ACE Credit Card?
OLA Money SBI Card has an annual fee of ₹499, while Axis Bank ACE Credit Card has an annual fee of ₹499. OLA Money SBI Card offers a fee waiver on ₹1,00,000 annual spend. Axis Bank ACE Credit Card offers a fee waiver on ₹2,00,000 annual spend.
Which card has better rewards: OLA Money SBI Card or Axis Bank ACE Credit Card?
OLA Money SBI Card offers a base reward rate of 1%. Axis Bank ACE Credit Card offers 1% base rewards. The better choice depends on your primary spending categories.
Can I have both OLA Money SBI Card and Axis Bank ACE Credit Card?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. OLA Money SBI Card and Axis Bank ACE Credit Card can complement each other if they cover different reward categories.
Which card is better for beginners: OLA Money SBI Card or Axis Bank ACE Credit Card?
For beginners, OLA Money SBI Card may be more approachable with a lower annual fee of ₹499. However, evaluate based on your expected spending pattern rather than fee alone.

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