BPCL SBI Card Octane: Features, Benefits, Fees & Charges

Updated: 21-04-2021 10:33:30 AM

BPCL SBI Card Octane is the premium version of the previously launched co-branded BPCL SBI Card. With this card, users can get a 7.25% value back on fuel purchases at select Bharat Petroleum Gas stations. Besides, the card gives 10x accelerated rewards on multiple categories such as groceries, movies, dining, etc. Let’s have a better understanding of the features & benefits of BPCL SBI Octane Credit Card.

Key Highlights of BPCL SBI Card Octane
Annual Fee	Rs. 1,499
Best Suited For	Fuel Purchases and Rewards
Key Feature	7.25% value-back of fuel purchases
Welcome Benefits	6,000 bonus reward points worth Rs. 1500
Reward Benefits	25x reward points on fuel purchases at BPCL petrol pumps
Reward Benefits	1 reward point on every Rs. 100 spent on non-fuel purchases
Paisabazaar Ratings	4/5
Find Similar Credit Cards Paisabazaar’s Rating: ★★★★ (4/5)

Features and Benefits of BPCL SBI Card Octane

BPCL SBI Card Octane- Fees and Charges

Pros and Cons

Should you get a BPCL SBI Octane Credit Card?

Cards Similar to BPCL SBI Card Octane

BPCL SBI Card Octane- Eligibility and Documentation

How to Apply for BPCL SBI Card Octane?

Frequently Asked Questions (FAQs)

Features and Benefits of BPCL SBI Card Octane

Value-back on Fuel Purchases

With this card, users can get 7.25% value-back i..e. 25x reward points on fuel purchases on BPCL petrol pumps. Here are all the details:

1 reward point = Rs. 0.25

25x reward points = 6.25% reward points + 1% fuel surcharge waiver on every transaction up to Rs. 4,000
Maximum 2500 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. 1200

Related Article: Best Fuel Credit Cards in India 2021

Reward Points Program

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, department 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 = Rs. 1 | 1 reward point = Rs. 0.25

Welcome Benefits

Users get 6000 bonus reward points worth Rs. 1500 on 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 purchase at BPCL.

Milestone Benefits

With a minimum annual spend of Rs. 3 lakhs, users can get an e-gift voucher worth Rs.2000 from either of the following merchants:

Aditya Birla Fashion
Yatra
Urban Ladder
Hush Puppies
Bata

Additional Benefits

4 complimentary visits per calendar year to domestic VISA lounges in India (Maximum 1 visit allowed per quarter)
Complimentary fraud liability cover of Rs.1 lakh
Next year fee waiver on annual spends worth Rs. 2 lakhs or more
Instant reward redemption at select BPCL petrol pumps
Contactless transactions can be done with SBI BPCL credit card
This card can be used to make bill payments for electricity, telephone, mobile, and other utility bills
BPCL SBI Card is accepted internationally at over 24 million outlets worldwide, including over 3.5 lakh outlets in India
Purchases worth Rs.2,500 or more can be converted into easy EMIs via Flexipay option

BPCL SBI Card Octane- Fees and Charges

Following listed are the fees and charges associated with the card-

Fees / Charges	Amount
Joining Fee	Rs.1,499
Renewal Fee	Rs.1,499 (waived off on annual spends of 2 lakh)
Add-On Fee	Nil
Finance Charges	Up to Rs.25 or 3.35% per month (40.2% per annum) whichever is higher, from the date of transaction
Minimum Amount Due	5% of Total Outstanding (Min. Rs. 200 + all applicable taxes + EMI ( In case of EMI based product) + OVL amount (if any)
Cash Advance Limit	Up to 80% of the credit limit, maximum Rs. 12,000 per day
Cash Advance Fee	SBI or other domestic ATMs: 2.5% of transaction amount, subject to a minimum of Rs. 500 International ATMs: 2.5% of transaction amount, subject to a minimum of Rs. 500
Late Payment Charges	NIL for Total Amount due from Rs.0-Rs.500; Rs. 400 for Total Amount due greater than Rs. 500 & up to Rs. 1,000; Rs. 750 for Total Amount due greater than Rs. 1,000 & up to Rs. 10,000; Rs. 950 for Total Amount due greater than Rs. 10,000 & up to Rs. 25,000 Rs. 1,100 for Total Amount due greater than Rs. 25,000 & up to Rs. 50,000 Rs. 1,300 for Total Amount due greater than Rs. 50,000
Over-Limit Charges	2.5% of overlimit amount subject to a minimum of Rs. 500
Foreign Currency Transaction Fee	3.5%

Pros and Cons

Pros	Cons
25x reward points on fuel purchases at BPCL	Fuel benefits limited to BPCL pumps only
Multi-faceted reward points across dining, movies, groceries, and departmental stores	Fuel surcharge waiver capped at Rs.100 per month
4 complimentary lounge visits per calendar year	Low reward rate on other retail spends

Should you get a BPCL SBI Octane Credit Card?

SBI BPCL Octane Credit Card is best suited for individuals who prefer Bharat Petroleum over other fuel providers. It has an annual fee of Rs. 1,499 which is justified if you want to get 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 get 0.25% value-back which is a below-average reward rate. You should consider this card if your fuel expenditure makes for a considerable portion of your overall monthly expenses. Your annual fee can be reversed if you can 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. Besides, you can also consider other credit cards such as Citi IndianOil Credit Card and Standard Chartered Super Value Titanium Card that offer better fuel benefits for a slightly higher annual fee.

Cards Similar to BPCL SBI Card Octane

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

Fuel Credit Card	Annual Fee	Comparative Features
SBI BPCL Credit Card	Rs. 499	4.25% value-back of fuel purchases via BPCL Stations 1 reward point on every Rs. 100 spent on non-fuel purchases
Indian Oil Citi Credit Card	Rs. 1,000	2.5% fuel surcharge waiver at all Indian Oil Outlets Up to 4 Turbo Points on every spend of Rs. 150
Standard Chartered Super Value Titanium Card	Rs. 750	5% cashback on spends at all petrol pumps
IndianOil HDFC Bank Credit Card	Rs. 500	Get 5% of your spends as Fuel Points at IndianOil Fuel outlets
SBI BPCL Credit Card	Rs. 499	4.25% Value Back on fuel purchases at BPCL

BPCL SBI Card Octane- Eligibility and Documentation

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

Criteria	Details
Age	18-60 years
Occupation	Available to both Salaried and Self-employed
Serviceable Cities	Click here for the list of eligible cities
Documents Required	Click here for the list of acceptable documents

How to Apply for BPCL SBI Card Octane?

BPCL SBI Card Octane is currently not being provided on Paisabazaar’s platform. Those who wish to apply for the card can either visit the official website of SBI or can apply by visiting the nearest branch.

Frequently Asked Questions (FAQs)

How can I redeem Reward Points on my BPCL SBI Card Octane?

You can redeem reward points via online or offline means. The methods and steps can be found here.

How to check the BPCL SBI Octane Card application status?

To track your BPCL Octane SBI credit card application status, you can go to the “SBI Track Your Application” page and enter the application/reference number.

Is the BPCL SBI Octane Card accepted internationally?

BPCL SBI Octane Card is accepted at over 24 million Visa outlets worldwide.

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

Yes, SBI BPCL Octane Credit Card gives 1% fuel surcharge waiver on every transaction. Maximum surcharge waiver of Rs. 100 in a statement cycle, which is equivalent to an Annual Saving of Rs. 1200.

What is the cash advance limit for BPCL SBI Octane Card?

The cash advance limit for SBI BPCL Octane Credit Card is up to 80% of the credit limit, maximum Rs.12,000 per day.

Are there any accelerated reward points programs under BPCL SBI Octane Card?

BPCL Credit Cardholders can get `10x reward points on every Rs.100 spent at groceries, department stores, movie tickets, and dining. Also, 1 reward point is credited for every Rs.100 spent on non-fuel retail purchases.

Can I transfer my outstanding balance from any other bank’s credit card?

Yes, BPCL SBI Octane Card offers Balance Transfer’ via which you can transfer your outstanding balance from any other bank’s credit card.

(3.7/5 ) 7636 Reviews

Write a review

Shrutika Dhawan Jan 13, 2020

2/5

Very Basic Card

No extra rewards or benefits. Only basic features. Could have been better.

Ritu Kushwaha Jan 13, 2020

4/5

Liked it

SBI Simply Click is a good card for online shopping. I get a lot of rewards. Recommended!

Ronit Shukla Jan 2, 2020

Great Card for Travel

Wonderful credit card for travellers. Free membership helps a lot. Fee is high.

Shaheen Jan 2, 2020

3/5

Good enough

I got this card when I had to travel a lot for work every month and it gave me good benefits. But the annual fee is high; it would have been better if I could get similar features for a lower fee. Other features are also good.

Radhika Soni Jan 2, 2020

Good Credit Card

This is a great card for me as I shop at Big Bazaar and FBB frequently. The annual fee is also very less. I recommend this for regular shoppers.

Ashna Aug 8, 2019

5/5

Easy money facility

With the easy money facility having money delivered at home is not a problem.

View All Reviews

BPCL SBI Card Octane

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