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SBI BPCL Credit Card – For Bharat Petroleum Customers

Home SBI Credit Card SBI BPCL Credit Card
Updated: 04-10-2024 11:14:53 AM

SBI BPCL Credit Card, launched by SBI in collaboration with Bharat Petroleum, gives 4.25% value-back on fuel purchases at BPCL petrol pumps. Besides, it offers 5X accelerated rewards on multiple categories, such as groceries, movies, dining, etc. For a card with a low joining fee of Rs. 499, the rewards are quite decent. Read on to know more about SBI BPCL Card.

Key Highlights of SBI BPCL Credit Card
SBI BPCL Credit Card
Best Suited For Fuel
Joining Fee Rs. 499
Annual Fee Rs. 499 (Reversed on spending Rs. 50,000 in a year)
Welcome Benefit 2,000 activation bonus reward points worth Rs. 500
Best Feature 13X reward points on fuel purchases at BPCL petrol pumps
Paisabazaar’s Rating ★★★ (3/5)

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SBI BPCL Credit Card: Features & Benefits
Should you get a SBI BPCL Credit Card?
Compare SBI BPCL with Other Fuel Credit Cards
SBI BPCL Credit Card: Fees & Charges
SBI BPCL Credit Card: Eligibility & Documentation
FAQs

SBI BPCL Credit Card: Features & Benefits

SBI BPCL Credit Card is one of the best fuel credit cards available in the market. With this credit card, you can earn up to 4.25% value back on your fuel expenses. The good thing is you can redeem the earned reward points at the value of 4 reward points = Re. 1 | 1 reward point = Re. 0.25. Here are some of the major SBI BPCL Credit Card benefits:

Up to 13X Reward Points

You can earn up to 13X reward points on your fuel transactions at BPCL petrol pumps. Besides this, you can also earn up to 5X reward points on other selected categories as per the below details:

  • 4.25% valueback (13X reward points equivalent to 3.25% + 1% fuel surcharge waiver on every transaction of up to Rs. 4,000) at any BPCL petrol pump
  • 5X reward points on every Rs. 100 spent at groceries, departmental stores, movie tickets, and dining (Up to 5,000 reward points per month)
  • 1 reward point for every Rs. 100 spent on non-fuel retail purchases
ADDITIONAL BENEFIT: Apply for SBI BPCL Credit Card online and get an Amazon voucher worth Rs. 250.

Other Benefits

Apart from reward points, this credit card also offers other privileges, such as welcome benefits, EMI conversion and contactless transactions. Below mentioned are some of the other SBI BPCL Credit Card benefits:

  • 2,000 bonus reward points worth Rs. 500 on the payment of joining fee*
  • Contactless transactions can be done with SBI BPCL Credit Card
  • Convert your purchases worth Rs. 2,500 or more into easy EMIs via Flexipay option

*These reward points are credited within 20 days of the payment of joining fee.

Also read: 25 Best Credit Cards in India for 2024

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Should you get a SBI BPCL Credit Card?

SBI BPCL Credit Card is best suited for you if you prefer Bharat Petroleum over other fuel providers. It has a low annual fee of Rs. 499 which is justified if you want to get value back on your fuel purchases and do not expect extensive rewards across categories. 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. Thereby, the more you spend on fuel, the more value back you will get. 

Besides, if you are not sure whether you prefer any particular fuel brand, you should consider cards that give value back for all your fuel expenses. If you are planning to apply for this credit card, you can read our detailed BPCL SBI Credit Card review. You can also check other Best SBI Credit Cards in 2024 at Paisabazaar and choose a card that best fits your need.

Compare SBI BPCL with Other Fuel Credit Cards

ICICI HPCL Super Saver Credit Card

hpcl-super-saver-credit-card
3.5/5

Joining fee: ₹500

Annual/Renewal Fee: ₹500

Up to 6.5% savings on HPCL fuel spends

5% back on grocery & utilities

Fuel
Check Eligibility

Product Details

  • 4% cashback, max. Rs. 200 per month, on HPCL spends & 1% on fuel surcharge
  • Save additional 1.5% as 6 reward points per Rs. 100 spent on HPCL fuel via the HP Pay app
  • 2 reward points per Rs. 100 spent on other retail purchases, 1 RP = Rs. 0.25
  • Rs. 100 cashback on recharge via HP Pay app & 2,000 reward points as joining bonus
  • 1 domestic airport lounge access per quarter on spending Rs. 35,000 in the previous quarter
Know More

IndianOil Axis Bank Credit Card

indianoil-credit-card
3/5

Joining fee: ₹500

Annual/Renewal Fee: ₹500

Save up to 5% on IOCL fuel spends

1% back as 5 EDGE reward points per Rs. 100 spent on online shopping

Co-branded
Fuel
Check Eligibility

Product Details

  • 4% back as 20 EDGE reward points per Rs. 100 spent on IOCL fuel
  • 1% fuel surcharge waiver of up to Rs. 50 per month on fuel spends of Rs. 400 to Rs. 4,000
  • 1 EDGE reward point per Rs. 100 spent on other spends, 1 EDGE reward point = Rs. 0.20
  • 100% cashback, up to Rs. 250, as EDGE rewards on the 1st fuel spend made within the 1st 30 days
  • Annual fee waived off on Rs. 3.5 lakh annual spends and up to 15% off on dining via EazyDiner
Know More

ICICI Bank HPCL Coral Credit Card

icici-bank-hpcl-coral-visa-credit-cards
3/5

Joining fee: ₹199

Annual/Renewal Fee: ₹199

Up to 3.5% savings on HPCL fuel spends

25% off up to Rs. 100 per transaction on BookMyShow movie tickets

Fuel
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Product Details

  • 2.5% cashback, up to Rs. 100 per month, on HPCL spends of min. Rs. 500
  • 1% surcharge waiver on HPCL fuel spends worth up to Rs. 4,000 per transaction
  • 2 ICICI bank rewards points per Rs. 100 retail spend, except fuel
  • 15% off on dining via ICICI Bank Culinary Treats program
  • Annual fee reversed on Rs. 50,000 annual card spends
Know More

IndianOil Kotak Credit Card

indianoil-kotak-credit-card
3/5

Joining fee: ₹449

Annual/Renewal Fee: ₹449

Up to 5% savings on card spends made on IndianOil fuel

2% back as 12 reward points per Rs. 150 dining and grocery spend

Co-branded
Fuel
Check Eligibility

Product Details

  • Save 4% as 24 reward points per Rs. 150 IndianOil fuel spend
  • 1% fuel surcharge waiver of up to Rs. 100 per month on IOCL fuel spends between Rs. 100 to Rs. 5,000
  • 3 reward points per Rs. 150 spent on others; 1,000 reward points on making a spend of min. Rs. 500 in the 1st month
  • 300 Reward Points = 250 IndianOil XTRAREWARDS = Rs. 75 (1 RP = Rs. 0.25; 1 XTRAREWARDS = Rs. 0.30)
  • Annual fee waived off on Rs. 50,000 annual spends
Know More

SBI BPCL Credit Card: Fees & Charges

The fees and charges applicable to SBI BPCL Credit Card are mentioned in the table below:

Type of Fee/ Charge Amount
Joining Fee Rs. 499
Annual/ Renewal Fee Rs. 499 (Reversed on spending Rs. 50,000 in a year)
Finance Charges 3.5% p.m. (42% p.a.)
Late Payment Fee For Statement Balance

  • Less than Rs. 500: Nil
  • Rs. 500 up to Rs. 1,000: Rs. 400
  • Rs. 1,000 up to Rs. 10,000: Rs. 750
  • Rs. 10,000 up to Rs. 25,000: Rs. 950
  • Rs. 25,000 up to Rs. 50,000: Rs. 1,100
  • Amount over Rs. 50,000: Rs. 1,300

Click here to check other associated fees and charges.

Note: An additional late payment charge of Rs. 100 will be levied on missing payment of Minimum Amount Due (MAD) by the due date for two consecutive cycles. This charge will continue to be levied for every payment cycle until the MAD is cleared.

SBI BPCL Credit Card: Eligibility & Documentation

To be eligible for SBI BPCL Credit Card, you must have a good credit score (preferably 750+). Additionally, you must meet the below-given criteria as well:

Particular Details
Age 18-60 years
Occupation Salaried and Self-employed
Documents Required Click here for the list of documents
Serviceable Cities Click here for the list of eligible cities
You are FEW CLICKS AWAY from getting the RIGHT CARD
Apply Online Now

FAQs

Q. How can I apply online for SBI BPCL Credit Card?

A. You can apply for this credit card online through the official website of SBI Card and fill out an application form. However, if you want to apply offline, then you can visit any of the nearest branches of SBI Bank and contact an executive.

Q. What is the maximum fuel surcharge waiver offered by SBI BPCL Credit Card?

A. You can avail a fuel surcharge waiver of 1% of your transactions of up to Rs. 4,000 at any BPCL petrol pumps across India. However, you can avail a maximum waiver of Rs. 100 in a billing cycle, which is equivalent to an annual savings of Rs. 1,200.

Q. How to redeem SBI BPCL Credit Card points at the petrol pump?

A. You can redeem your reward points instantly for free fuel at over 1,200 authorized BPCL retail outlets across the country or through BPCL fuel vouchers. The vouchers are valid for 6 months from the date of issue. Also, partial redemption is not allowed.

Q. How can I check the application status of my SBI BPCL Credit Card?

A. Usually, the bank informs you about the updated application status via SMS on your registered mobile number. However, you can also track your application status through the official website of SBI Card by entering your application number. Besides this, you can also call on the SBI Credit Card customer care number and ask the representative about the application status.

Q. Can I transfer my outstanding balance from any other bank’s credit card to SBI BPCL Credit Card?

A. Yes, BPCL SBI Card offers a ‘Balance Transfer’ facility through which you can transfer your outstanding balance from any other bank’s credit card to your SBI Card. For this, you can contact the bank and ask the representative about your query.

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