BPCL SBI Card Octane

The features and benefits of this card are as follows:

Value-back on Fuel Purchases: With this card, users can 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 = Rs. 0.25

Reward Points Program: You can avail reward points program 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 = Rs. 1 | 1 reward point = Rs. 0.25

Welcome Benefits: 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.

Milestone Benefits: With a minimum annual spend of Rs. 3 lakh, users can get an e-gift voucher worth Rs. 2,000 from Aditya Birla Fashion/ Yatra/ Urban Ladder/ Hush Puppies/ Bata.

Renewal Fee Reversal: Spend Rs. 2 lakh in a year to avail renewal fee reversal.

Additional Benefits: Apart from the above-mentioned benefits you can also avail the below 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 spend worth Rs. 2 lakh 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
• You can redeem your rewards points at Shop & Smile Rewards Catalogue

Below mentioned are the fees and charges associated with the card:

*To view the most important terms and conditions, Click here.

Below mentioned are the pros and cons of BPCL SBI Credit Card Octane:

Related article: Best Fuel Credit Cards in India

SBI BPCL Octane Credit Card is best suited for individuals who 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 reward rate. You should consider this card if your fuel expenditure makes for a considerable portion of your overall monthly expenses. Your annual fee will be reversed if you will 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. 

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

BPCL SBI Card Octane is currently not 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.

Suggested read: Best Credit Cards in India

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

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

You can redeem reward points via online or offline modes. 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?

Yes, 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 a 1% fuel surcharge waiver on every transaction. Maximum surcharge waiver of Rs. 100 in a statement cycle can be availed, which is equivalent to an annual saving of Rs. 1,200.

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, a maximum of 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 on groceries, departmental 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 through which you can transfer your outstanding balance from any other bank’s credit card.