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
|Best Suited For
|Rs. 1,499 (Reversed on spending Rs. 2 lakh in a year)
|Get 6000 bonus reward points equivalent to INR 1500 on payment of annual fees.
|Lounge Access Benefit
|7.25% value back on your Fuel Expenses
*Terms and conditions apply.
|Table of Contents
|Features and Benefits
|Fees and Charges
|Eligibility and Documentation
|Should you get this Card?
|Other Similar Cards
Also Read : 10 Best SBI Credit Cards in India
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:
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:
You can earn reward points on your transactions as per the below details:
Also read: Best Rewards Credit Cards in India
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.
In addition to the benefits mentioned earlier, you can also enjoy these additional perks with The BPCL SBI Card Octane:
Here are the fees and charges associated with The SBI BPCL Octane Credit Card:
|Fees / Charges
|Rs. 1,499 (Reversed on annual spends of Rs. 2 lakh)
|3.50% p.m. (42% p.a.)
|Late Payment Charges
For Statement Balance
To be eligible for The BPCL SBI Card Octane, you need to meet the following eligibility criteria:
|21 to 70 years
|Available to both Salaried and Self-employed
|Click here for the list of eligible cities
|Click here for the list of acceptable documents
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.
|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:
|SBI BPCL Credit Card
|4.25% value-back on fuel purchases via BPCL Stations
|IndianOil Axis Bank Credit Card
|4% value back on fuel purchase at IOCL outlets
|HDFC Bharat Cashback Credit Card
|5% monthly cashback on fuel expenses
|IndianOil HDFC Bank Credit Card
You have two options to apply for this credit card: online and offline.
You can easily redeem your earned reward points using either online or offline methods. Here's how to do it online:
You can also use the SBI Card mobile app to redeem your reward points by following a similar process.
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.
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.
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.
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.