BPCL SBI Credit Card Review

This credit card is best suited for those who prefer Bharat Petroleum over other fuel providers. Here is a detailed review of the card along with a comparison with other fuel credit cards to help you make an informed decision.

4.25% Value Back on Fuel Expenses

You can save up to 4.25% of your fuel expenditure made with this card at BPCL petrol pumps. This benefit can be availed in two parts-

• 13X* Reward Points per Rs.100 on fuel purchases at BPCL petrol pumps (Maximum 1,300 Reward Points per billing cycle)

• 3.25% + 1% Fuel surcharge waiver on every transaction up to Rs.4,000

Points to Note-

• Surcharge Waiver applicable only on transactions up to Rs. 4,000 for a max of Rs. 100 per month

• Maximum surcharge waiver of Rs. 100 in a month, which is equivalent to an Annual Savings of Rs.1,200

Here is a comparison of the SBI BPCL Card against other fuel credit cards in India.

Tip: If you are a frequent visitor to Indian Oil Petrol Pumps then you should opt for IndianOil Citibank® Platinum Credit Card or HDFC Indian Oil Credit Card.

Annual Savings of 70 Liters* of Fuel

Here we have the value chart of how some of your purchases made through SBI BPCL Card can save you about 70 Liters of petrol annually-

*1 Liter= Rs.63

2,000 Bonus Reward Points as Welcome Gift

Get 2,000 Activation Bonus Reward Points worth Rs. 500 on payment of joining fee. This feature cancels out the joining fee of Rs. 499 charged on the card.

Reward Points will be credited after 20 days of the payment of the joining fee and the same can be redeemed against fuel purchase at BPCL outlets, BPCL Vouchers or at Shop n Smile rewards catalogue.

Rewards on Expenses other than Fuel

SBI BPCL Card lets you earn reward points on every purchase that you make with extra rewards on certain categories. With this card, you get-

• 5X Reward Points on every Rs. 100 spent on Groceries, Departmental stores, Movies & Dining

• 1 Reward Point for every Rs. 100 spent on non-fuel retail purchases

Points to Note:

• 4 Reward Points = Re 1

• Flexible Instant Redemption Program at select 1200 BPCL petrol pumps

• No minimum value of Reward Points for redemption

Is the Annual Fee Worth It?

We can say that the annual fee is justified if your main objective behind getting the card is to get value back out of your fuel expenses. Also, if you will be able to spend Rs. 50,000 annually you can get this particular sum waived off, which means you can have this card for free. The fee reversal threshold is much less than other SBI Cards with the same annual fee. For example, SBI SimplyCLICK Credit Card charges an annual fee of Rs. 499 but the spending threshold for annual fee reversal is Rs. 1 Lakh. Compared to this, BPCL SBI Card’s annual fee is quite justified.

Why should you opt for this Card?

SBI BPCL Card is best suited for those who prefer Bharat Petroleum over other fuel providers. You should apply for this card if:

• You have significant fuel expenses in a month
• Majority of your fuel purchases are from Bharat Petroleum outlets
• You are comfortable with the reward earning and redemption process
• You do not wish to pay high annual fee for a fuel card
• You do not expect benefits across other categories
• You can spend at least Rs. 50,000 in a year so that annual fee can be reversed

Limitations of BPCL SBI Credit Card

Despite providing decent savings on your fuel purchases, this card has certain drawbacks-

• For a fuel credit card, the surcharge waiver capping is lower than expected
• The fuel discount is given at Bharat Petroleum outlets only, which is again a restricted option if you use it at any other petrol pump
• The card does not offer good category-specific benefits
• The rewards rate is low when compared to other SBI cards
• You could get better value back on fuel with a card with a slightly higher annual fee

Bottom Line

BPCL SBI Credit Card comes with a decent reward program and is good to earn back a portion of your fuel expenses (though only at Bharat Petroleum). Since fuel benefit is offered in the form of extra rewards, you should get this card if your fuel expenditure makes for a considerable portion of your overall monthly expenses. The more you spend on fuel, the more valueback you will get. Low annual fee along with an easy reversal condition also adds to the benefit of this card.

If you have any queries about SBI BPCL Credit Card, write to us in the comments section.