BPCL SBI Octane Credit Card - Features, Benefits, Fees & Charges

BPCL SBI Octane Credit Card (4)

Co-Branded Best For: Fuel
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Feeling the pinch of high fuel costs? Well, what if we told you there's a way to earn up to 6% return on your fuel purchases at BPCL petrol pumps? And that's not all! You'll also get 10 reward points for every ₹100 spent on dining, departmental stores, grocery, and movies. The SBI BPCL Octane Credit Card even comes with free domestic lounge access and a host of other perks. And the best part? It only has a joining and annual fee of ₹1,499. Keep reading below to learn more about what this card offers. 👇

Features and Benefits

Aspects that make spending using this card lit as the sun!

Welcome Bonus
Travel
Fuel
Rewards
Shopping
Cashback
Dining
Insurance
Interest
Lounge
Welcome Bonus

6000 bonus reward points equivalent to ₹1500 on payment of annual fees.

Fuel Surcharge
  • 7.25% value-back, i.e. 25X reward points on fuel purchases at BPCL petrol pumps.
  • 1% Fuel surcharge waiver on every BPCL transaction up to ₹4000.
Reward Points
  • 25 reward points on every  ₹100 spent at BPCL fuel, lubricants & Bharat Gas website and application.The maximum number of reward points you can earn per month is 2,500.
  • 10 reward points on every  ₹100 spent at groceries, departmental stores, movie tickets and dining. This is a good deal, as you earn 10% cashback on your purchases in these categories. The maximum number of reward points you can earn per month is 7,500.
  • 1 reward point for every ₹100 spent on other retail purchases, excluding mobile wallet upload & non-BPCL fuel spends. This is a fair deal, as you earn 1% cashback on your purchases in other categories.
  • Reward Rate: 0.25% to 6.25%

 

Lounge Access

4 free visits per calendar year to domestic VISA lounges in India (maximum one visit allowed per quarter).

Click here for List of Lounges.

Milestone Benefit

E-Gift Vouchers worth ₹2,000 from Aditya Birla Fashion Or Yatra Or Bata/Hush Puppies on annual spends of ₹3 Lakhs.
Aditya Birla Fashion voucher can be redeemed at these brand stores only - Louis Philippe, Van Heusen, Allen Solly, Peter England, Planet Fashion, Simon Carter.

Insurance Benefit

Free Fraud Liability cover of ₹1 Lakh.

Fee and Charges

Think of these as small investments to keep your credit card running smoothly.

Charges

Joining Fee

₹1,499

Annual Fee

₹1,499

Annual Percentage Rate

42%

Add-on Card Fee

Free

Minimum Repayment Amount

5%

Cash Withdrawal Fee

2.5 %

Cash Advance Limit

80%

Card Replacement Fee

₹100

Foreign Transaction Fee

3.50%

Over Limit Penalty

2.50%

Fuel Transaction Surcharge

1%

Reward Point Value

₹0.25
Late Payment Charges

Balance from ₹0 to ₹500

Nil

Balance from ₹500 to ₹1000

₹400

Balance from ₹1000 to ₹10000

₹750

Balance from ₹10000 to ₹25000

₹950

Balance from ₹25000 to ₹50000

₹1100

Balance more than ₹50000

₹1300
Pros

Aspects that make this credit card amazing.

  1. Great deal on fuel purchases.
  2. Good deal on groceries, departmental stores, movie tickets and dining.
  3. 6,000 bonus reward points worth ₹1,500 on the payment of joining fee.
Cons

Aspects this credit card lacks.

  1. No reward points for mobile wallet upload & non-BPCL fuel spends.
  2. Rewards Redemption Fee of ₹99.
  3. Maximum fuel surcharge waiver is capped at ₹100 per statement cycle.
BPCL SBI Octane Rating & Reviews

This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.

Charges

(3)

Rewards

(3)

Customer Service

(3)

BPCL SBI Octane Credit Card Review

The SBI BPCL Octane Credit Card is a strong option for individuals who frequently spend on fuel and other categories like groceries, movies, and dining. Its standout features include the high value back on fuel purchases at selected BPCL gas stations and the accelerated rewards on various spending categories, which can help users save money on their everyday expenses. The welcome bonus, travel insurance, and airport lounge access further add to the card's appeal.

However, there are certain factors to consider before applying for this credit card. The annual fee of ₹1,499 is on the higher side, and potential applicants should assess whether they will be able to take full advantage of the card's benefits to justify this fee.

Some other fuel cards offering similar benefits are mentioned in below:
1. SBI BPCL Credit Card
2. Indian Oil Axis Bank Credit Card
3. Indian Oil HDFC Bank Credit Card

Overview

Best Suited  Fuel
Annual/Joining Fee ₹1,499 + taxes
Welcome Bonus 6000 bonus reward points equivalent to ₹1500 on payment of annual fees.
Card Network Visa
Card Type Co-branded

Reward Points on BPCL SBI Octane Credit Card

Category Reward Points Maximum Points per month
BPCL fuel, lubricants & Bharat Gas website and application     25 points per ₹100     500
Groceries, departmental stores, movie tickets and dining  10 Reward Points on every ₹100 7500
Other retail purchases, excluding mobile wallet upload & non-BPCL fuel spends  1 Reward point per ₹100 Unlimited

Note: 4 reward points = ₹1 | 1 reward point = ₹0.25.

Who Should Opt for a BPCL SBI Octane Credit Card?

The SBI BPCL Octane credit card is a good option for people who:

  • Spend a lot on fuel. The card offers a great deal on fuel purchases, with 25% cash back on every ₹100 spent at BPCL petrol pumps.
  • Spend on groceries, departmental stores, movie tickets and dining.

How to apply for BPCL SBI Octane Credit Card?

Step 1: Visit the official SBI Card website.
Step 2: Click on the "Apply for a Credit Card" button.
Step 3: Select the SBI BPCL Octane credit card from the list of cards.
Step 4: Enter your personal information, including your name, address, date of birth, and contact details.
Step 5: Enter your employment information, including your employer's name, address, and phone number.
Step 6: Enter your income information.
Step 7: Upload a copy of your PAN card.
Step 8: Upload a copy of your recent salary slip.
Step 9: Submit your application.
An SBI Card executive will contact you to verify your information and to process your application. Once your application is approved, you will receive your credit card in the mail within a few weeks.

BPCL SBI Octane Credit Card Eligibility

  • Age: 21 to 70 years
  • Occupation: Salaried or Self Employed

Documents Required

  • Proof of Identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
  • Proof of Address:  Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
  • Proof of Income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.
SBI Card Cards Issued & Spends

Keep an eye on the credit card's monthly performance through the number of cards issued and the cumulative transaction value!

Bank name:

SBI Card

SBI Card Credit Card Customer Care Number:

1800 425 3800

SBI Card Card Offers:

View Offers

Total Cards:

1,87,51,636
SBI Card Credit Card News
23 Mar 2024, Saturday
1. SBI Card and Titan Team Up to Launch Exclusive Shopping Credit Card - Titan SBI Card

SBI Cards and Titan have joined forces to introduce the Titan SBI Card, a co-branded credit card aimed at fulfilling customers' aspirations for premium shopping. This card offers a variety of benefits, including:

  • Lucrative cashback: Cardholders can enjoy a generous 7.5% cashback on purchases at Titan stores (watches, Taneira, Titan EyePlus, and other non-jewellery brands) and 5% cashback at partner stores (Mia, Caratlane, and Zoya).
  • Annual benefits exceeding Rs 2 lakh: The Titan SBI Card promises rewards worth over ?2,00,000 annually through cashbacks, gift vouchers, and reward points (specific details not mentioned in the sources reviewed).
04 Mar 2024, Monday
2. SBI Card changes reward program, ends rent points and physical DreamFolks Cards.

SBI Card is making changes to its credit card program starting 1 April, 2024. These changes include:

  • No more reward points for paying rent with many of their cards.
  • They will no longer issue physical cards for DreamFolks memberships.
  • They are updating their minimum payment calculation method to be more transparent and fair.

Here's some of the list of affected Credit Cards:

30 Oct 2023, Monday
3. State Bank of India Card (SBI Card) has announced its plans to introduce a fresh array of shopping credit cards in partnership with Reliance Industries.

According to reports, the upcoming credit card offering from Mukesh Ambani, Asia's richest man, is expected to be named 'Reliance SBI Card'. The new credit card is set to provide customers with a host of "exclusive" benefits that are designed to enhance their shopping experience.

It is launching two credit cards in collaboration with Reliance. The first one is called Reliance SBI Card and has a joining fee of Rs. 499. It offers basics such as discounts on shopping with Reliance Brands. The second one is called Reliance SBI Card Prime and has a joining fee of Rs. 2999. It offers more benefits such as complimentary lounge access along with discounts on Reliance Brands. SBI Card will release more information about these cards when they are launched officially.

15 Oct 2023, Sunday
4. Earn Rs. 250 Amazon voucher when you connect your SBI RuPay credit card to UPI.

As part of this program, SBI RuPay credit cardholders have the opportunity to link their card with their preferred UPI app and make transactions of at least Rs 100 during the offer period, which runs from October 12, 2023, to November 11, 2023. Upon meeting this requirement, they will receive a Rs 250 Amazon Discount E-voucher that can be used for either a 3-month or 12-month Amazon Prime membership.
Each cardholder is entitled to receive only one voucher, which will be sent via email to their registered email address on or before December 31, 2023.
The E-vouchers are valid until April 30, 2024, and can be used to extend Amazon Prime memberships by up to 12 months, with a limit of one extension per customer. 

22 Apr 2023, Saturday
5. SBI beats peers in new cards added for February

SBI and Axis Bank are leading the credit card market in terms of new cards added for the month of February. Axis Bank, with the new found customer base of Citi Bank showed a growth of 11.7%. In terms of new customers, the number stood at 2,00,000 new cards issued.

SBI on the other hand, singlehandedly lead the race with a growth of 19.8% for the same period, adding 3,00,000 new cards issued by the legacy bank.

The two leaders were followed by ICICI Bank, and Kotak Mahindra Bank with 80,000 additions. HDFC Bank trailed the top 5 list with only 60,000 cards added to its existing numbers.

11 Apr 2023, Tuesday
6. SBI Card revises cashback benefits on service

Starting 1st May 2023, SBI will revise some of its cashback and discount services. Under the revision, the domestic airport lounge services will be discontinued. Apart from these, cashback on services like jewellery, school and educational services, utilities, insurance services cards, member financial institution/quasi cash, and railways and others will also be axed. The bank will also be setting a limit on cashback that can be availed through online and offline transactions to Rs 5,000 per statement cycle. These changes come after SBI cards recorded the highest new card issuances at 3,00,000 in February. Yet, SBI also experienced a 7% month-on-month reduction in credit card spending.

BPCL SBI Octane Customer Reviews

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Frequently Asked Questions

The interest rate charged on the BPCL SBI Octane Credit Card is 3.50% p.m. (42% p.a.). This means that if you carry a balance of Rs.10,000 on your card, you will be charged interest of Rs. 350 per month. The interest rate is compounded monthly, so your balance will increase each month.

Yes, you can share some of the benefits of your BPCL SBI Octane Credit Card with your family members. You can add your family members as authorized users on your card. Authorized users can use your card to make purchases and earn reward points. However, you will be responsible for paying the bill for all purchases made by authorized users.

You can redeem your reward points earned on your BPCL SBI Octane Credit Card in the following ways:

  • Online: You can redeem your reward points online through the SBI Card website or mobile app. To do this, you will need to login to your account and select the "Rewards" tab. You can then redeem your reward points for a variety of rewards, such as gift vouchers, cash back, travel vouchers, and merchandise.
  • By calling the customer care number: You can also redeem your reward points by calling the SBI Card customer care number. The customer care number is 1800 111 2222.
  • At a participating merchant: You can redeem your reward points at select participating merchants. To find a participating merchant, you can visit the SBI Card website or mobile app.

You can track your BPCL SBI Octane Credit Card transactions and statements online in the following ways:

  • Through the SBI Card website: You can log in to the SBI Card website using your User ID and password. Once you have logged in, you can view your recent transactions and statements. You can also download your statements in PDF format.
  • Through the SBI Card mobile app: You can download the SBI Card mobile app from the Google Play Store or the Apple App Store. Once you have downloaded the app, you can register for an account and log in using your User ID and password. Once you have logged in, you can view your recent transactions and statements. You can also download your statements in PDF format.

No, there is no minimum spend requirement to earn rewards with the BPCL SBI Octane Credit Card. You can earn reward points on all of your eligible purchases, regardless of the amount.

Here are some of the eligible purchases that you can earn reward points on with the BPCL SBI Octane Credit Card:

  • Fuel purchases at BPCL petrol pumps
  • Groceries
  • Dining
  • Departmental stores
  • Movie tickets
  • Other retail purchases.

The annual fee for the BPCL SBI Octane Credit Card is Rs 1,499 + GST.  The annual fee is waived if your annual spend on the card is Rs. 200,000 or more in the previous year.

You can earn reward points with the BPCL SBI Octane Credit Card in the following ways:

  • Fuel purchases: You will earn 25 reward points for every Rs. 100 spent on fuel purchases at BPCL petrol pumps. This is equivalent to a value-back of 7.25%.
  • Groceries, dining, departmental stores, and movie tickets: You will earn 10 reward points for every Rs. 100 spent on groceries, dining, departmental stores, and movie tickets.
  • Other retail purchases: You will earn 1 reward point for every Rs. 100 spent on other retail purchases.

Yes, you can use the BPCL SBI Octane Credit Card internationally. It is a Visa card, which means that it is accepted at over 24 million outlets worldwide.

The eligibility criteria to apply for a BPCL SBI Octane Credit Card are as follows:

  • You must be a citizen of India.
  • You must be at least 18 years old.
  • You must have a good credit score.
  • You must be a salaried employee or self-employed.

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