BPCL SBI Credit Card Get Huge Discount and Cashback on Fuel – In December 2020, SBI Card introduced BPCL SBI Credit Card Octane. The BPCL SBI Credit Card has been upgraded by this card. Although the Octane version has more benefits and promotions, it also has a substantially higher annual charge (Rs. 1,499 compared to just Rs. 499 for the non-Octane variant).
When you buy fuel at Bharat Petroleum gas stations, the BPCL SBI Credit Card Octane provides you 7.25 percent value back: 6.25 percent as reward points (25x reward rate) and 1 percent as a waiver of the fuel surcharge. The co-branded BPCL SBI Credit Card from BPCL and SBI offers the best perks for your fuel purchases. This card offers rewarding cashbacks and reward points that can be used to purchase petrol for a one-time yearly charge of Rs. 499.
Features of BPCL SBI Credit Card
- 6,000 Bonus reward points are given as a welcome bonus when the annual membership price is paid.
- At BPCL filling stations, fuel purchases earn 25 reward points for every 100 rupees (maximum 2,500 reward points per month).
- Every Rs. 100 spent on grocery, department stores, and cinema tickets earns 10 reward points (maximum 7,500 reward points per month).
- On all other retail transactions, excluding mobile wallet uploads and outlays at petrol stations that aren’t owned by BPCL, one reward point is awarded for every Rs. 100 spent.
- Fuel surcharges of 1% are waived at all gas stations in India (on transactions up to Rs. 4,000, with maximum amount waived capped at Rs. 100 per statement cycle).
- Free entrance to four domestic lounges per year (1 per quarter).
- 2,000 rupees worth of Aditya Birla Fashion gift certificates
- On annual spending of at least Rs. 3,00,000, recipients would receive gift certificates from Aditya Birla Fashion, Yatra, Urban Ladder, Hush Puppies, or Bata valued Rs 2,000.
- If Rs. 2,00,000 was spent in the previous year, the renewal cost is waived.
- Free Rs. 1 lakh in fraud liability insurance
Benefits of BPCL SBI Card
The BPCL SBI Credit Card Octane is a fantastic fuel credit card that offers enticing benefits like solid reward programmes. The specific characteristics and advantages of this card are as follows:
Welcome Benefits: The BPCL SBI card Octane comes with 6,000 bonus reward points as a welcome offer. If the membership cost is paid each time the card is renewed, you receive 6,000 points (not waived off).
Benefits of the Milestone: A yearly expenditure of Rs. 20,000 qualifies for a waiver of the renewal charge for the following year.
Travel Benefits: The BPCL SBI Card Octane provides complimentary access to 4 domestic airport lounges annually (one per quarter).
Dining and Movie Benefits: At a few restaurants, you can earn accelerated reward points at a rate of 10x (10 reward points for every Rs. 100 spent). (Maximum 7500 Bonus Points every Month)
Fuel Surcharge: In India, all gas stations are exempt from the 1% fuel surcharge (on transactions up to Rs. 4,000). The maximum surcharge that can be waived each payment cycle is Rs. 100. (per month).
BPCL SBI Credit Card Octane Rewards
- When using the BPCL SBI Card Octane to purchase fuel at BPCL fuel stations, you will receive 25X reward points (or 25 reward points for every Rs. 100 spent). (2500 Reward Points maximum each payment cycle)
- Spending on eating, department stores, and movie tickets will earn 10x reward points (10 points every Rs. 100). (Maximum 7500 Bonus Points every Month)
- For every Rs. 100 spent on other expenses, one reward point is earned.
- Rewards points aren’t accrued while buying fuel at stations other than BPCL’s and when adding money to a mobile wallet.
Applicable Fees and Charges BPCL SBI Credit Card
|Type of Charge||Amount|
|Credit card finance charge||3.5% on all unsecured SBI Credit Cards (except Shaurya)|
|Minimum amount due each month||5% of the entire amount owing, plus taxes, whichever is higher.|
|Interest fee period||20 to 50 days|
|Finance charge on cash advance||2.5 percent of the amount of the domestic cash withdrawal, or Rs. 500 (whichever is higher)|
|Statement retrieval||For statements older than two months, it costs Rs. 100 each statement.|
Late payment Charges on BPCL SBI Credit Card (charged based on the total outstanding amounts)
- Up to Rs.500 – Nil
- Rs.501 to Rs.1,000 – 400
- Rs.1001 to Rs.10,000 – 750
- Rs.10,001 to Rs.25,000 – 950
- Rs.25,001 to Rs.50,000 – 1,100
- More than Rs.50,000 – 1,300
Check Eligibility and Application Process of BPCL SBI Credit Card
Follow the guidelines below to check your eligibility for BPCL SBI Credit Card online:
- Go to the SBI Card official website https://www.sbicard.com/ .
- To apply, select “Personal > Credit Cards”
- Choose “Travel & Fuel Cards” from the list of categories on the new page to view the BPCL SBI Credit Card.
- To access the application page, click the “Apply Now” button beneath the card information.
- Complete the necessary fields and select “Next Step.”
- Once the information is received, the bank will make an immediate determination regarding your eligibility for the card.
- Your credit limit will be visible online if you qualify for the card, which indicates that your online application has been accepted.
In the following two working days, bank representatives will get in touch with you, tell you of the necessary paperwork, and arrange a time to pick it up. The bank will take up to 21 days to process the application after receiving the required paperwork.
Documents Required for BPCL SBI Credit Card
The following list includes the paperwork needed to apply for a BPCL SBI Octane Credit Card:
- Identity Proof – Aadhar Cards, Ration Cards, PAN Cards, Voter IDs, and other government-issued IDs are examples of identity proof.
- Address Proof – Aadhar cards, passports, driving licenses, ration cards, and the most recent utility bills are examples of address proof.
- Income Proof – The most recent bank statements, pay stubs, or ITRs must also be provided by the applicants as proof of income.
Apply for the Octane BPCL SBI Credit Card
You can use their chatbot ELA to apply for the credit card online at sbicard.com. As an alternative, you can call their hotline at 39020202 (prefix STD code) or go to the closest SBI branch to submit the necessary paperwork in person.
You can apply online by following the very easy steps listed below:
- Visit the SBI Card’s official website.
- All of the SBI credit cards are displayed on a page under several categories.
- Find the BPCL SBI Credit Card Octane under the travel and fuel category.
- Select “Apply Now” to continue by carefully filling out the online application form.
FAQs BPCL SBI Credit Card
Where can I submit an application for a BPCL SBI Credit Card?
Either BankBazaar or the State Bank of India’s official website, you can apply for the BPCL SBI Credit Card.
What is the BPCL SBI Credit Card’s yearly fee?
The yearly cost for the BPCL SBI Credit Card is Rs. 499, which is paid only once.
What benefits do I get when I use my BPCL SBI Credit Card for fuel?
You are exempt from paying up to Rs. 100 in monthly gasoline surcharges. At BPCL gas stations, you can receive accelerated reward points at a rate of 13x coupled with a monthly waiver of the fuel surcharge.