Ola Money Sbi Visa Platinum Credit Card vs Shoppers Stop Black Hdfc Bank Credit Card: Which is Better in 2026?
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The Ola Money SBI Visa Platinum Credit Card and the Shoppers Stop Black HDFC Bank Credit Card cater to different spending preferences. Ola Money SBI focuses on rewarding Ola rides and general spends with no annual fee, while Shoppers Stop Black targets shoppers with higher rewards on store spends and premium lounge access. Both cards have similar forex markup fees but differ significantly in fee structure and lounge benefits.
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 | Ola Money Sbi Visa Platinum Credit Card | Shoppers Stop Black Hdfc Bank Credit Card |
|---|---|---|
| Bank | SBI Cards | HDFC Bank |
| Network | Visa | Visa |
| Joining fee | — | Joining Fee of Rs.4500 |
| Annual / renewal fee | No Annual Fees - First Year Free | Renewal Fee of Rs.4500 |
| Annual fee waiver | Spend Rs.1 Lakhs For Waiver of Renewal Fee | — |
| Reward rate (headline) | Earn 1% Rewards On All Spends | Earn 7% Reward points on every Shoppers Stop spends |
| Lounge — domestic | — | 16 Complimentary Airport Lounge Access Per Year |
| Lounge — international | — | 8 Complimentary Airport Lounge Access Per Year |
| Welcome benefit | — | Complimentary Shoppers Stop Black Membership |
| Foreign currency markup | 3.5% - Foreign Currency Transactions | 3.50% - Foreign Currency Transactions |
Which is better for rewards?
For rewards, the Shoppers Stop Black HDFC Bank Credit Card offers higher points on specific spends, especially 7% on Shoppers Stop purchases and 2% on other spends, making it more rewarding for frequent shoppers. Ola Money SBI Visa Platinum provides a flat 1% on all spends and 7% on Ola rides, which is beneficial for Ola users but less versatile overall. Additionally, Shoppers Stop Black offers multiple redemption options, including vouchers and travel, enhancing its rewards utility.
Which is better for travel?
In terms of travel benefits, Shoppers Stop Black clearly leads with 16 domestic and 8 international complimentary airport lounge accesses annually, offering significant value for frequent travelers. The Ola Money SBI card does not provide any lounge access or travel-related perks beyond Ola ride rewards. Both cards have the same forex markup fee of 3.5%, so travel convenience and rewards heavily favor the Shoppers Stop Black card.
Which has lower effective cost?
The Ola Money SBI Visa Platinum Credit Card is more cost-effective with no joining fee and a waiverable renewal fee, making it suitable for cost-conscious users. In contrast, the Shoppers Stop Black card charges a substantial joining and renewal fee of Rs. 4500 each, which may only be justified by heavy usage of its rewards and lounge benefits. Both cards offer a 1% fuel surcharge waiver, but the Ola card's no-fee structure is simpler and more beginner-friendly.
Co-brand and Shopping Focus
The Ola Money SBI card is co-branded with Ola, offering elevated rewards on Ola rides, making it attractive for ride-hailing users. The Shoppers Stop Black card is focused on retail rewards with 7% points on Shoppers Stop spends and includes a complimentary membership, emphasizing shopping benefits.
Lounge Access Benefits
Shoppers Stop Black provides a total of 24 complimentary airport lounge visits annually, split between domestic and international airports, which is a significant travel convenience. The Ola Money SBI card does not offer any lounge access, limiting its appeal for travelers seeking airport comfort.
Who should pick Ola Money Sbi Visa Platinum Credit Card?
Consider Ola Money SBI Visa Platinum Credit Card if you frequently use Ola rides and prefer a no-annual-fee credit card with straightforward rewards. It suits users looking for basic cashback on all spends and moderate fuel surcharge benefits without worrying about high fees or complex milestone conditions.
Who should pick Shoppers Stop Black Hdfc Bank Credit Card?
Consider Shoppers Stop Black HDFC Bank Credit Card if you are a regular shopper at Shoppers Stop or value premium travel perks like extensive airport lounge access. This card is ideal for users willing to pay higher fees upfront for enhanced rewards on shopping and travel, along with exclusive membership benefits.
Frequently Asked Questions
Ola Money SBI Visa Platinum has no joining fee and renewal fee is waived on spending Rs. 1 lakh. Shoppers Stop Black has a joining and renewal fee of Rs. 4500 each.
Shoppers Stop Black offers 2% reward points on non-Shoppers Stop spends, while Ola Money SBI offers 1% rewards on all spends.
Yes, both cards charge a forex markup fee of 3.5% on foreign currency transactions.
No, the Ola Money SBI Visa Platinum Credit Card does not provide any domestic or international airport lounge access.
Shoppers Stop Black allows redemption of reward points for travel at a rate of 0.5 Rs. per point or 0.5 airmiles per point. Ola Money SBI allows redemption at Rs. 1 per reward point but primarily for Ola rides.
Both cards offer a 1% fuel surcharge waiver, subject to terms and conditions.