BPCL SBI Card Octane

With this 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 of the major BPCL SBI Card Octane benefits:

7.25% Value-back on Fuel Purchases

With this credit card, you will get 7.25% value-back i.e. 25X reward points on fuel purchases at BPCL petrol pumps. Here are all the details:

• 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 saving 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

Suggested read: Best Credit Cards for Reward Points

Welcome Benefits worth Rs. 1,500

6,000 bonus reward points worth Rs. 1,500 on the payment of joining fee. These reward points are credited within 30 days of the payment of joining fee. The reward points can be redeemed instantly against fuel purchases at BPCL.

Other Benefits

Apart from the above-mentioned benefits, you can also avail the below BPCL SBI Card Octane benefits:

Milestone Benefit: E-gift voucher worth Rs. 2,000 from Aditya Birla Fashion/ Yatra/ Urban Ladder/ Hush Puppies/ Bata on annual spends of Rs. 3 lakh.

Renewal Fee Reversal: Annual fee reversal on spending Rs. 2 lakh in a year.

Complimentary Lounge Access: 4 complimentary visits per calendar year to domestic VISA lounges in India (Maximum 1 visit allowed per quarter).

Fraud Liability: Complimentary fraud liability cover of Rs. 1 lakh.

EMI Conversion: Purchases worth Rs. 2,500 or more can be converted into easy EMIs via the Flexipay option.

Below mentioned are the fees and charges associated with SBI BPCL octane Credit Card:

To view the most important terms and conditions, click here.

To be eligible for BPCL SBI Card Octane, you are required to meet the following set eligibility criteria:

SBI BPCL Octane Credit Card is best suited for you if you prefer Bharat Petroleum over other fuel providers. It comes with an annual fee of Rs. 1,499 which is justified if you want to receive value-back on your fuel purchases and benefit from accelerated rewards across categories. 

Since fuel benefit is offered in the form of extra rewards, the more you spend on fuel, the more value-back you will get. However, on non-fuel retail spends, you will get 0.25% value-back, which is a below-average rewards rate. You should consider this card if your fuel expenditure makes up a considerable portion of your monthly expenses. Your annual fee will also be reversed if you spend Rs. 2 lakh annually.

Not just on fuel, but you can also earn rewards on grocery, dining, shopping, and movie tickets. Complimentary lounge access and milestone privileges are some of the additional benefits which can be availed. Listed below are some of the pros and cons of this credit card:

Also read: Best Fuel Credit Cards in India

Some other fuel cards offering similar benefits are mentioned in the table below:

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

A. You can apply for this credit card through both online and offline modes. To apply online, you can visit the official website of the SBI Card and fill out an application form. Besides this, you can also visit the nearest branch of the bank and contact an executive regarding the application process. However, in both cases, you need to submit relevant documents to avail this credit card.

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

A. You can redeem your earned reward points via online and offline methods. To redeem your SBI reward points online, you can visit the SBI Card portal and log in using your customer ID and password. After that, you will get an option for ‘Rewards Catalogue’, click on that and process the redemption. You can also follow the same process with SBI Card mobile app to redeem your reward points. Click here to know the detailed steps for the redemption. 

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

A. Usually, the bank keeps you updated regarding your application status by sending a text to your registered mobile number. If you haven’t received any information from the bank, you can also track your application status through its official website by using your application number. You can also call on the customer care number and ask the representative about your application status. To know the detailed process, click here.

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

A. Yes, SBI BPCL Octane Credit Card gives a 1% fuel surcharge waiver across all BPCL fuel stations on your transactions of up to Rs. 4,000. However, you can avail a maximum waiver of Rs. 100 in a statement cycle. 

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

A. The bank discloses your credit limit after scrutinizing your application. The credit limit depends on various factors, such as credit score, annual income, repayment capacity and more. Therefore, you will get to know about your credit limit only after successful verification.

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

A. The bank allows you to pay your credit card bills via online as well as offline ways. To pay your bill online, you can use facilities like NEFT/ RTGS, PayNet, UPI, mobile banking, NACH and mobile app. Besides this, you can also pay your SBI Credit Card bill offline through cheque or cash by visiting any of the nearest branches.