If you are looking to book an OYO room then the OYO money wallet can save you some buck on the booking(and who doesn’t want that!). But how to use OYO money?
Well, in this post we talk about everything about OYO Rooms‘ virtual currency.
You will get to know what is OYO money and how you can use it while booking and for payment. Also, we have covered some FAQs at the end of the article to clear all your doubts about it.
Before learning how to use it, let’s first learn what actually it is. That will help you understand its usage and benefits.
What Is OYO Money
OYO Money is one of the two virtual currencies OYO has. The other one is OYO Rupee.
It is a promotional amount that can be used to pay for booking in applicable properties. The usage of this virtual currency is city and property-specific. And since it is a promotional credit, its usage is limited to booking and payment.
You can find your OYO money on your profile page.
OYO Money Usage Policy
You can use 10 to 30 percent of OYO money of the booking amount while creating a booking from the official website or application.
That means you cannot use all of it to pay for the booking.
For Example, let us assume you have 1000₹ in your virtual wallet. And you wish to book a room for 1200.
Then the maximum you can use from the wallet is 120₹ to 360₹ (10% to 30% of the booking amount).
How To Use OYO Money For Payment?
So, how can you use it while booking rooms?
Well, using it is really simple. You don’t have to do anything to redeem it. OYO calculates the applicable amount at the time of booking and deducts it from your wallet automatically.
As mentioned above, this virtual currency is city and property specific. That means it is possible that it might not be applicable to some of the properties.
But, if it is applicable in the property you wish to book a room then it will be auto deducted from your wallet when you create the booking.
The percentage of booking amount to be paid from the OYO wallet depends on the property and is decided by OYO Rooms. You cannot choose the percentage (10% or 30%) of the booking amount to be paid from the OYO wallet. These things are done automatically.
How To Get OYO Money
Well, since it is a promotional amount, it is credited through different offers and coupons. Also, it is sometimes credited to the wallet with a completed hotel room booking.
It cannot be earned by using referrals. It is promotionally added to your wallet automatically.
Why OYO Money Is Not Applicable?
As mentioned above, it is applicable to specific cities and hotel properties. So, if the hotel doesn’t accept, it won’t be applicable and you would be able to use it for paying the booking amount.
OYO Money Applicable Hotels – How to Find Them?
Nope, this virtual currency is not applicable to all hotels. You can know if the hotel accepts it or not on the booking page.
If the hotel accepts then the amount to be deducted from the OYO wallet will be shown on the booking page.
And if it is not applicable on any property, it will be mentioned as “Oyo money is not applicable for this property”.
So you can say that the only way to find if it is applicable in a hotel is to check on the booking page.
What Is OYO Money Usage Limit
As of writing this article, the monthly usage limit is 25000₹ per month. You cannot use more than the fixed limit.
OYO Money Expires In How Many Days?
Usually, the expiry date is 30 days to 180 days. You can check the expiry date on the profile page.
How To Transfer OYO Money To Paytm?
OYO wallet is a closed wallet and the amount credited is for promotional purposes only. They are just credits that can be used for hotel booking and other services.
So technically, you cannot transfer any money from the wallet to Paytm.
This was all about how to use OYO money and everything related to OYO’s virtual currency. You can contact OYO Customer Care to learn more about it.
Also, since it is a promotional method to hold on to its customers, this virtual currency comes with an expiry date. So it is advised to keep an eye on it to avoid getting it unused and expire.
We hope you found the article helpful. If you have any questions, do ask them in the comment section.
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