BPCL SBI Card Octane: High Value-back on Fuel Spends

The BPCL SBI Card Octane is an upgraded version of the earlier co-branded BPCL SBI Card. With this card, you get a fantastic 7.25% cashback on fuel purchases at selected Bharat Petroleum gas stations. Plus, you can earn extra rewards on things like groceries, movies, and dining. This card is perfect for you if you spend a lot on fuel, especially at BPCL outlets.

Key Highlights of BPCL SBI Card Octane

BPCL SBI Card Octane
Best Suited For Fuel Purchases
Joining Fee Rs. 1,499
Annual Fee Rs. 1,499 (Reversed on spending Rs. 2 lakh in a year)
Welcome Benefit Get 6000 bonus reward points equivalent to INR 1500 on payment of annual fees.
Rewards Benefit
  • Enjoy 25 Reward Points on every Rs. 100 spent at BPCL Fuel, Lubricants & Bharat Gas spends
  • Enjoy 10 Reward Points on every Rs. 100 spent at Dining, Departmental Stores, Grocery & Movies (Up to 7500 Reward Points per month)
Fuel Benefit
  • Enjoy freedom from paying the 1% fuel surcharge across all BPCL petrol pumps in India, on transactions up to Rs. 4,000.
Lounge Access Benefit
  • Get 4 complimentary visits per calendar year to Domestic VISA lounges in India (Max. 1 visit per quarter)
Best Feature 7.25% value back on your Fuel Expenses

*Terms and conditions apply.

With BPCL SBI Card Octane card, you can save on multiple categories, including groceries, lifestyle, entertainment and more. However, the maximum benefits are offered only on fuel transactions. Below mentioned are some key benefits of the BPCL SBI Card Octane benefits:

7.25% Value-back on Fuel Purchases

With this credit card, you can enjoy a 7.25% value-back, which means you get 25X reward points when you buy fuel at BPCL petrol pumps. Here are the specifics:

  • 25X reward points = 6.25% reward points + 1% fuel surcharge waiver on every transaction up to Rs. 4,000
  • Maximum 2,500 reward points can be accumulated per billing cycle
  • Maximum surcharge waiver of Rs. 100 in a statement cycle, which is equivalent to an annual savings of Rs. 1,200
  • 1 reward point = Re. 0.25

Up to 25X Reward Points

You can earn reward points on your transactions as per the below details:

  • 25 reward points on every Rs. 100 spent at BPCL fuel, lubricants & Bharat Gas website and application
  • 10 reward points on every Rs. 100 spent at groceries, departmental stores, movie tickets and dining
  • 1 reward point for every Rs. 100 spent on non-fuel retail purchases, excluding mobile wallet upload & non-BPCL fuel spends
  • 4 reward points = Re. 1 | 1 reward point = Re. 0.25

Also read: Best Rewards Credit Cards in India

Welcome Benefits worth Rs. 1,500

When you pay the joining fee, you'll receive a bonus of 6,000 reward points worth Rs. 1,500. These reward points will be added to your account within 30 days of paying the joining fee. You can use these reward points can be redeemed instantly against fuel purchases at BPCL.

Other Benefits

In addition to the benefits mentioned earlier, you can also enjoy these additional perks with The BPCL SBI Card Octane:

  • Milestone Benefit: Receive an E-gift voucher worth Rs. 2,000 from Aditya Birla Fashion/ Yatra/ Hush Puppies/ Bata when you spend Rs. 3 lakh annually.
  • Renewal Fee Reversal: Get Annual fee reversal on spending Rs. 2 lakh in a year.
  • Complimentary Lounge Access: Enjoy 4 free visits per calendar year to domestic VISA lounges in India with a maximum of 1 visit allowed per quarter.
  • Fraud Liability: Complimentary fraud liability cover of Rs. 1 lakh.
  • EMI Conversion: You have the flexibility to convert purchases of Rs. 2,500 or more into easy EMIs using the Flexipay option.

Here are the fees and charges associated with The SBI BPCL Octane Credit Card:

Fees / Charges Amount
Joining Fee Rs. 1,499
Renewal Fee Rs. 1,499 (Reversed on annual spends of Rs. 2 lakh)
Finance Charges 3.50% p.m. (42% p.a.)
Late Payment Charges For Statement Balance
  • Up to Rs. 500: Nil
  • Rs. 500 up to Rs. 1,000: Rs. 400
  • Rs. 1,001 – Rs. 10,000: Rs. 750
  • Rs. 10,001 – Rs. 25,000: Rs. 950
  • Rs. 25,001 – Rs. 50,000: Rs. 1,100
  • Rs. 50,001 and above: Rs. 1,300

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To be eligible for The BPCL SBI Card Octane, you need to meet the following eligibility criteria:

Criteria Details
Age 21 to 70 years
Occupation Available to both Salaried and Self-employed
Serviceable Cities Click here for the list of eligible cities
Documents Required Click here for the list of acceptable documents

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The SBI BPCL Octane Credit Card is an excellent choice if you primarily use Bharat Petroleum for your fuel needs. With an annual fee of Rs. 1,499, this card offers great value-back on fuel purchases and rewards across various spending categories.

Your benefits are linked to your fuel spending, so the more you spend on fuel, the more you'll earn. Keep in mind that for non-fuel retail purchases, the value-back is lower at 0.25%, which is below average. This card is most suitable if fuel expenses make up a significant portion of your monthly budget. Plus, you can have your annual fee reversed by spending Rs. 2 lakh annually.

Aside from fuel, you can also earn rewards on groceries, dining, shopping, and movie tickets. Additional perks like complimentary lounge access and milestone rewards make this card even more appealing.

Here are some of the pros and cons of this credit card:

Pros Cons
25X reward points on fuel purchases at BPCL Fuel benefits are limited to BPCL pumps only
Multi-faceted reward points across dining, movies, groceries and departmental stores Fuel surcharge waiver is capped at Rs. 100 per month
4 complimentary lounge visits per calendar year Low rewards rate on other retail spends

Here are some other fuel cards that offer similar benefits, listed in the table below:

Credit Card Annual Fee Comparative Feature
SBI BPCL Credit Card Rs. 499 4.25% value-back on fuel purchases via BPCL Stations
IndianOil Axis Bank Credit Card Rs. 500 4% value back on fuel purchase at IOCL outlets
HDFC Bharat Cashback Credit Card Rs. 500 5% monthly cashback on fuel expenses
IndianOil HDFC Bank Credit Card Rs. 500

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1. How can I apply for BPCL SBI Card Octane?

You have two options to apply for this credit card: online and offline.

  • Online: Go to the official SBI Card website and complete an application form. You'll also need to provide the required documents.
  • Offline: Visit the nearest bank branch and speak to a bank representative to inquire about the application process. You will still need to submit the necessary documents for the application.

2. How can I redeem reward points on my BPCL SBI Card Octane?

You can easily redeem your earned reward points using either online or offline methods. Here's how to do it online:

  • Visit the SBI Card website and log in using your customer ID and password.
  • Look for the 'Rewards Catalogue' option and click on it.
  • Follow the steps provided to complete your redemption.

You can also use the SBI Card mobile app to redeem your reward points by following a similar process.

3. How can I check my BPCL SBI Octane Card application status?

Usually, the bank will keep you informed about your application status by sending a text message to your registered mobile number. If you haven't received any updates, you can also check your application status on the bank's official website using your application number. Additionally, you have the option to call the customer care number and inquire with a representative about the status of your application.

4. Do I get a fuel surcharge waiver with SBI BPCL Octane Credit Card?

YES, The SBI BPCL Octane Credit Card offers a 1% fuel surcharge waiver at all BPCL fuel stations for transactions up to Rs. 4,000. But please note that the maximum surcharge waiver you can get in a statement cycle is capped at Rs. 100.

5. What is the credit limit offered on BPCL SBI Octane Card?

Your credit limit is determined by the bank after carefully reviewing your application. It takes into account several factors, including your credit score, annual income, repayment capability, and other relevant information. Therefore, you will find out your specific credit limit once the bank has completed its verification process.

6. How can I pay my BPCL SBI Octane Card bill?

The bank offers various convenient options for you to pay your credit card bills, both online and offline. To make an online payment, you can utilize services like NEFT/RTGS, PayNet, UPI, mobile banking, NACH, and the mobile app. Alternatively, you can make offline payments by visiting the nearest branch and using either a cheque or cash.

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