Joining Benefits of BPCL SBI Card OCTANE
- Welcome Bonus:
6,000 reward points on payment of the joining fee.
- Fuel Savings:
7.25% value back (including 1% fuel surcharge waiver) on fuel purchases at BPCL petrol pumps.
25x reward points for every โน100 spent on fuel at BPCL petrol pumps.
- Reward Points:
10x reward points for every โน100 spent on dining, movies, and grocery purchases.
1 reward point for every โน100 spent on all other retail purchases.
- Fuel Surcharge Waiver:
1% waiver on fuel surcharge at all petrol pumps across India.
- Annual Fee Waiver:
Annual fee waived on spending โน3 lakh in a year.
- Airport Lounge Access:
4 complimentary domestic airport lounge visits per year.
- Dining Discounts:
Up to 10% off at select premium restaurants through the SBI Card Culinary Treats program.
- Exclusive Offers:
Special discounts and offers on shopping, travel, and lifestyle through SBI Cardโs exclusive partnerships.
- Interest-Free Period:
Up to 50 days of interest-free credit.
- Comprehensive Insurance:
Complimentary personal accident insurance cover.
- Security Features:
EMV chip-enabled card for enhanced security against counterfeiting and skimming.
Product Details
| Card Type | Credit Card |
|---|---|
| Issuer | SBI |
| Best Suited For | Fuel, Travel, Dining, and Entertainment |
| Joining Fee | โน1,499 + GST |
| Annual Fee | โน1,499 + GST |
| Interest Rate | 3.5% Per Month |
| Welcome Benefits | 6000 Reward Points |
Key Features of BPCL SBI Octane Credit Card
- Best suited for: Fuel, travel, and dining expenses
- Joining Fee: โน1,499 + GST
- Renewal Fee: โน1,499 + GST (waived if annual spending exceeds โน2 lakh)
- Interest Rate: 3.5% per month (42% per annum)
- Foreign Currency Markup: 3.5% foreign currency markup on international transactions. An additional 18% GST is applicable on the markup fee.
- Fuel Surcharge Waiver: 1% waiver on petrol purchases (up to โน100 per statement cycle)
- Reward Rate: 7.25% on fuel purchases
- Reward Points Expiry: 2 years from the date of accumulation
- Reward Redemption Fee: โน99 per redemption request. This fee applies when converting accumulated reward points into statement credits, fuel, travel bookings, or vouchers.
BPCL SBI Octane Credit Card Benefits
The BPCL SBI Octane Credit Card is a premium fuel and travel credit card designed for individuals who frequently spend on fuel, travel, and lifestyle expenses. Hereโs a complete breakdown of its features and benefits:
1. Welcome Benefits
- Get 2,500 reward points as a welcome gift on card activation.
- Reward points can be redeemed for fuel, vouchers, travel, and more.
2. Milestone Benefits
- Annual fee waiver if you spend โน2 lakh or more in a year.
- Additional rewards on achieving spending milestones.
3. Airport Lounge Access
- Enjoy 4 complimentary domestic airport lounge visits per year (1 per quarter).
- Relax in premium lounges before your flight.
4. Fuel Surcharge Waiver
- 1% fuel surcharge waiver on fuel transactions between โน500 โ โน4,000 at BPCL outlets.
- Maximum waiver of โน100 per statement cycle helping users save on fuel expenses.
5. Travel Benefits
- Earn accelerated reward points on travel bookings.
- Redeem points for flights, hotels, and holiday packages.
6. Golf Benefits
- Special discounts on golf sessions and memberships at select courses.
7. Insurance Benefits
- Complimentary accidental death and travel insurance for added security.
8. Liability Protection
- Zero liability cover on fraudulent transactions if lost/stolen card is reported immediately.
10. Fees & Charges
- Joining Fee: โน1,499 + GST
- Annual Fee: โน1,499 + GST (waived on โน2 lakh annual spend)
- Reward Redemption Fee: โน99 per request
11. Foreign Markup Charges
- 3.5% foreign currency markup on international transactions.
12. Interest Rate
- 3.5% per month (42% per annum) on outstanding dues.
BPCL SBI Octane Credit Card Reward & Redemption
The BPCL SBI Octane Credit Card is designed for individuals who frequently spend on fuel, dining, travel, and lifestyle expenses. It offers high reward points on eligible transactions, allowing users to maximize their savings. Below is a detailed breakdown of its reward structure and redemption options.
Reward Points Structure
1. Maximum Rewards on Fuel Purchases
- Earn 25 Reward Points per โน100 spent at BPCL fuel stations.
- This translates to a 7.25% value-back on fuel spending.
- Reward points are capped at โน250 per billing cycle on fuel transactions.
2. Accelerated Rewards on Dining, Movies & Grocery
- Earn 10 Reward Points per โน100 spent on dining, groceries, and movie tickets.
- This provides extra benefits for everyday lifestyle expenses.
3. Base Rewards on Other Categories
- Earn 1 Reward Point per โน100 spent on all other retail purchases.
Reward Points Redemption
Cardholders can redeem their accumulated reward points for multiple options, including:
1. Fuel Redemption
- Redeem points for free fuel at BPCL petrol pumps.
- 4 Reward Points = โน1 worth of fuel.
2. Travel & Lifestyle Redemption
- Use reward points to book flights, hotels, and travel packages.
- Redeem points for dining, shopping, and entertainment vouchers.
3. Statement Credit
- Convert reward points into statement credit to adjust the outstanding balance.
4. Merchandise & Gift Vouchers
- Redeem points for a variety of products, gadgets, and e-vouchers through the SBI Card Rewards Portal.
Reward Redemption Charges
- Redemption Fee: โน99 per redemption request.
- Reward Points Expiry: 2 years from the date of accumulation.
BPCL SBI Credit Card Fees
1. Joining Fee
- โน1,499 + GST (one-time payment at card issuance).
2. Annual Fee (Renewal Fee)
- โน1,499 + GST (charged yearly).
- Annual fee waiver if total annual spending exceeds โน2 lakh.
3. Finance Charges (Interest Rate)
- 3.5% per month (42% per annum) on outstanding amounts.
4. Foreign Currency Markup Fee
- 3.5% on international transactions (converted to INR).
5. Cash Advance Fee
- 2.5% of the withdrawal amount (minimum โน500 per transaction).
- Finance charges of 3.5% per month from the date of withdrawal.
6. Late Payment Charges
- โน0 for outstanding amounts up to โน500.
- โน400 for โน501 โ โน1,000.
- โน750 for โน1,001 โ โน10,000.
- โน950 for โน10,001 โ โน25,000.
- โน1,100 for โน25,001 โ โน50,000.
- โน1,300 for amounts above โน50,000.
7. Reward Redemption Fee
- โน99 per redemption request.
8. Overlimit Fee
- 2.5% of the over-limit amount (minimum โน600).
9. Card Replacement Fee
- โน100 per replacement card request.
10. EMI Conversion Charges
- 1.5% of the transaction amount (minimum โน199 processing fee).
How Can We Apply for BPCL SBI Octane Credit Card?
You can apply for the BPCL SBI Octane Credit Card online by following these steps:
- Visit www.sbicard.com and click "Apply Now".
- Fill in personal, employment, and income details.
- Upload KYC documents (ID, address, and income proof).
BPCL SBI Octane Credit Card Eligibility
To be eligible for this credit card, applicants must meet the following criteria:
- Age: Between 21 to 60 years
- Occupation: should be salaried or self employed
- Income Requirement: โน25,000 per month (indicative, subject to SBI Card's discretion)
- Credit Score: it should be 750+ is considered good credit score
Who can buy this BPCL SBI Octane Credit Card?
This card is best suited for:
โ Frequent drivers and commuters who spend a lot on petrol or diesel
โ Individuals who frequently dine out or travel
โ People looking for a fuel card with additional lifestyle benefits
โ Existing SBI Card users looking to upgrade to a premium fuel credit card
If fuel savings and reward points are your priority
Final Verdict: Is BPCL SBI Octane Credit Card Worth It?
If you are frequently traveller then BPCL SBI Octane Credit Card is the best fuel credit card for you. With 7.25% savings on fuel, accelerated rewards on dining and travel, and complimentary lounge access, it provides a great mix of rewards and privileges.
However, the reward redemption fee and foreign currency markup may be a downside for some users. If you spend heavily on fuel and dining, this card can help you save significantly over time.
