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Side-by-Side Comparison|Updated March 2026

OLA Money SBI Card vs Paytm SBI Card SELECT

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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SBI Card

Paytm SBI Card SELECT

7.2/10
Annual Fee₹1,499
Base Rewards1%
NetworkVisa
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Feature-by-Feature Comparison

FeatureOLA Money SBI CardPaytm SBI Card SELECT
Annual Fee₹499₹1,499
Joining FeeFree₹1,499
Fee Waiver Spend₹1,00,000₹2,00,000
Base Reward Rate1%1%
Reward CurrencyOla MoneyReward Points
NetworkVisaVisa
Editor Rating6.5/107.2/10
Forex Markup3.5%3.5%

Accelerated Rewards

OLA Money SBI Card

No accelerated rewards listed

Paytm SBI Card SELECT

  • 0% on Paytm Travel
  • 0% on Paytm Movies
  • 0% on Paytm Mall
  • 0% on Paytm App Spends

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.

Paytm SBI Card SELECT

Pros

  • High 5% reward rate on Paytm Travel, Movies, and Mall purchases.
  • Direct 1:1 redemption value where 1 Reward Point equals ₹1.
  • Complimentary 1-year Paytm First Membership worth ₹750.
  • Milestone vouchers worth up to ₹6,000 annually on high spends.

Cons

  • International lounge visits via Priority Pass are fully chargeable.
  • High foreign currency markup of 3.5% plus GST.
  • Reward points are not earned on wallet loads, fuel, or rent.

Our Verdict

Paytm SBI Card SELECT 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 Paytm SBI Card SELECT if

Maximizes value through 5% rewards on travel and movies booked via the Paytm app.

Frequently Asked Questions

Which is better: OLA Money SBI Card or Paytm SBI Card SELECT?
Paytm SBI Card SELECT 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 Paytm SBI Card SELECT?
OLA Money SBI Card has an annual fee of ₹499, while Paytm SBI Card SELECT has an annual fee of ₹1,499. OLA Money SBI Card offers a fee waiver on ₹1,00,000 annual spend. Paytm SBI Card SELECT offers a fee waiver on ₹2,00,000 annual spend.
Which card has better rewards: OLA Money SBI Card or Paytm SBI Card SELECT?
OLA Money SBI Card offers a base reward rate of 1%. Paytm SBI Card SELECT offers 1% base rewards with bonuses on Paytm Travel and Paytm Movies. The better choice depends on your primary spending categories.
Can I have both OLA Money SBI Card and Paytm SBI Card SELECT?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. OLA Money SBI Card and Paytm SBI Card SELECT can complement each other if they cover different reward categories.
Which card is better for beginners: OLA Money SBI Card or Paytm SBI Card SELECT?
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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