Axis Bank Shoppers Stop Credit Card vs Ola Money Sbi Visa Platinum Credit Card: Which is Better in 2026?
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The Axis Bank Shoppers Stop Credit Card and the Ola Money SBI Visa Platinum Credit Card cater to different spending preferences, with the former focused on shopping rewards at Shoppers Stop and the latter geared towards Ola ride users. Both cards have a foreign currency markup of 3.5% and offer fuel surcharge waivers, but their fee structures and reward programs differ significantly. Choosing between them depends on whether you prioritize shopping benefits or travel-related rewards.
Comparison notes and quick badges use AI, grounded in the benefit data shown in the table. Confirm details on each issuer’s site.
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| Feature | Axis Bank Shoppers Stop Credit Card | Ola Money Sbi Visa Platinum Credit Card |
|---|---|---|
| Bank | Axis Bank | SBI Cards |
| Network | MasterCard | Visa |
| Joining fee | Joining Fee of Rs.500 | — |
| Annual / renewal fee | Annual Fee - Rs.500 | No Annual Fees - First Year Free |
| Annual fee waiver | Spend Rs.1 Lakhs For Annual Fee Waiver | Spend Rs.1 Lakhs For Waiver of Renewal Fee |
| Reward rate (headline) | Earn 20 First Citizen Reward Points per Rs.200 spent on Shoppers Stop Exclusive Brands | Earn 7% Reward Points On All Ola Rides |
| Welcome benefit | Enjoy First Citizen Reward Points Worth Rs.300 | — |
| Foreign currency markup | 3.50% - Foreign Currency Transactions | 3.5% - Foreign Currency Transactions |
Which is better for rewards?
Both cards offer rewards tailored to specific spending categories. The Axis Bank Shoppers Stop Credit Card provides higher reward points on purchases at Shoppers Stop, making it ideal for frequent shoppers there, while the Ola Money SBI Visa Platinum Credit Card offers 7% reward points on Ola rides and 1% on all other spends, which benefits users who regularly use Ola services. Neither card offers cashback benefits, and both lack milestone rewards. Overall, rewards value depends on your spending habits—shopping versus ride-hailing.
Which is better for travel?
For travel-related benefits, the Ola Money SBI Visa Platinum Credit Card has a clear advantage with its 7% rewards on Ola rides, making it more suitable for those who frequently use Ola for commuting. Neither card offers domestic or international lounge access, so travel perks beyond ride rewards are limited. Both cards have the same forex markup of 3.5%, which is standard but relatively high for foreign transactions.
Which has lower effective cost?
The Axis Bank Shoppers Stop Credit Card charges a joining and annual fee of Rs. 500 each, with the annual fee waived on spending Rs. 1 lakh. The Ola Money SBI Visa Platinum Credit Card has no joining fee and waives the renewal fee of Rs. 499 if you spend Rs. 1 lakh annually, with the first year free. Considering this, the Ola Money SBI card may be more cost-effective initially, especially for new users, while the Axis Bank card has a lower fixed fee but no joining fee waiver mentioned.
Co-brand Program Focus
The Axis Bank Shoppers Stop Credit Card is co-branded with Shoppers Stop, focusing rewards on shopping at this retailer, while the Ola Money SBI Visa Platinum Credit Card targets Ola ride users with higher rewards on transportation spends. This specialization impacts which card delivers better value depending on your lifestyle.
Fuel Surcharge Waiver
Both cards offer a 1% fuel surcharge waiver, but the Ola Money SBI Visa Platinum Credit Card caps the waiver at Rs. 100 per month, whereas the Axis Bank card's waiver details do not specify a cap. This may affect savings for heavy fuel spenders.
Who should pick Axis Bank Shoppers Stop Credit Card?
Consider Axis Bank Shoppers Stop Credit Card if you frequently shop at Shoppers Stop and want to maximize reward points on apparel and exclusive brand purchases there. This card is also suitable if you prefer a straightforward fee structure with a modest joining and renewal fee and appreciate fuel surcharge waivers on fuel transactions.
Who should pick Ola Money Sbi Visa Platinum Credit Card?
Consider Ola Money SBI Visa Platinum Credit Card if you are a regular Ola user looking to earn significant rewards on rides and want a credit card with no joining fee and a first-year free annual fee. This card is also a good choice for beginners due to its simple fee waiver condition and broad 1% rewards on all other spends.
Frequently Asked Questions
Both the Axis Bank Shoppers Stop Credit Card and the Ola Money SBI Visa Platinum Credit Card charge a 3.5% markup on foreign currency transactions.
No, neither the Axis Bank Shoppers Stop Credit Card nor the Ola Money SBI Visa Platinum Credit Card offers domestic or international lounge access.
For the Axis Bank Shoppers Stop Credit Card, spending Rs. 1 lakh in a year waives the Rs. 500 annual fee. For the Ola Money SBI Visa Platinum Credit Card, spending Rs. 1 lakh waives the Rs. 499 renewal fee from the second year onwards.
The Axis Bank Shoppers Stop Credit Card offers First Citizen Reward Points worth Rs. 300 as a welcome benefit, while the Ola Money SBI Visa Platinum Credit Card does not provide any welcome benefits.
The Ola Money SBI Visa Platinum Credit Card is better suited for Ola ride users, offering 7% reward points on all Ola rides and 1% on other spends.
No, the Ola Money SBI Visa Platinum Credit Card does not have a joining fee.