SBI

BPCL SBI Octane Credit Card

BPCL SBI Octane Credit Card offers best fuel surcharge waiver benefits at BPCL service stations. Also enjoy 10X reward points on other transactions.

Written by Roopya

Check Pre-Approved Credit Cards
for you in Just One Click

Digits Only

In association with Bharat Petroleum, the State Bank of India has introduced the BPCL SBI card Octane. The card, like other cards made available by SBI, offers innumerable features and benefits.

These include complimentary fraud liability cover, maximum fuel surcharge waiver, significant reward points, e-gift vouchers, etc. The bank makes sure every individual around is eligible to receive the benefits offered by this card.

BPCL SBI Octane Credit Card Banner

If you want 4.25% value-back on the fuel purchases you make at BPCL petrol pumps, this is the card you must opt for.

Key highlights of BPCL SBI Octane Credit Card

Welcome BenefitsGet 6000 reward points on paying the joining fee
Joining FeeRs. 1,499
Annual FeeRs. 1,499
Value BenefitsGet 7.25% value discount on purchases at BPCL petrol pumps
25X Reward points on fuel purchases
6.25% value back
Reward Point BenefitsAvail 10 reward points on every Rs. 100 spent on tores, movie tickets & dining
Get 25 reward points on every Rs.100 spent at BPCL petrol pumps
Fuel Surcharge Benefits1% Fuel surcharge on transaction at BPCL petrol pumps
Airport Lounge Access4 Complimentary domestic lounge access

Looks good enough? Apply here.

About the BPCL SBI Octane Credit Card

The annual fee for owning the BPCL SBI card Octane is Rs. 1,499 only. You can renew the usage of this card by paying the same amount every year. If you are someone who invests enough amount on fuel purchases, this card could be helpful for you.

If you have a monthly income of at least Rs. 20,000 per month, you can easily apply for this credit card.

In short, you should surely opt for this card, if you fulfill the below-mentioned criteria:

  • Your fuel expenses for a month are higher than usual.
  • You intend to pay a low annual fee for the card.
  • You are more into getting fuel benefits than other advantages.

Want to compare with other cards? Visit compare credit cards.

Features of BPCL SBI Octane Credit Card

Some of the features of the BPCL SBI credit card include:

Contactless Use

Today, coming in contact with any random individual feels risky. In such scenario, paying through cash or traditional credit cards appear to be riskier.

With the wave and make payment feature, this BPCL SBI card Octane offers contactless payments for whatever purchases you make.

Faster Processing

As you are allowed to just wave the card in front of the smart card reader to get your account details, you no more have to wait for someone at the cash counter to take your card and swipe it for processing the payments.

You can do it all by yourself. This is what makes the payment procedure faster.

Convenient Usage

In case you don’t have cash in your wallet, you will not have to wait any longer to make a purchase you suddenly get reminded of.

Just wave the BPCL SBI card Octane for any daily purchase and process the payment instantly.

Assured Security

If you have ever heard or have faced issues of card misplacement previously, this card won’t have any such risk associated with it. Why? Well, this is because you don’t have to hand it over to anyone else for processing the payment. You will be the one handling it on your own for every payment.

Global Acceptance

The BPL SBI credit card is not only accepted in India but all across the globe. It is accepted in over 24 million outlets worldwide, which includes 3,25,000 outlets in India.

The cardholders are free to use this credit card for payment in all outlets that accept Visa or MasterCard.

Add-on Cards Accessibility

When you have this SBI credit card, you can help your immediate family members to own the add-on cards.

Apply for the add-on card for your parents, siblings, spouses, and children, and give them an opportunity to enjoy a part of the benefits.

Just remember whoever you are considering for the add-on use must be 18 years or more in age.

Utility Bill Payments

When you own this credit card, you can easily make your electricity, phone, and other utility bills payments.

Easy Balance Transfer

If you have outstanding balances from different credit cards, this BPCL Octane SBI credit card gives you a chance to bring all of them in one place.

Consolidating the credits and converting them into easy monthly installments helps cardholders to pay the loans more feasibly.

Flexipay Option

If you spend a hefty amount on buying things and the amount is equal to or more than Rs. 2,500, you can opt for paying in installments.

Make sure you convert it into EMIs within 30 days of the purchase.

Easy Money Facility

Running out of cash? If yes, you can get a draft created or a cheque made against the cash limit. The bank will deliver it to your doorsteps.

Benefits of BPCL SBI Octane Credit Card

Apart from the above-mentioned features, here are some benefits offered by BPCL SBI card Octane:

Welcome Offer

As soon as you apply for the card, pay the annual fee and you get access to it, you become eligible for the welcome benefits:

  • Instant 6000 bonus reward points, which is equal to INR 1,500
  • The reward points are credited to the cardholder’s account within the 30 days of the payment of the annual fee.

Cashback Benefits

The BPCL SBI card Octane offers the following value back advantages to card owners:

  • 7.5% cashback, which is approximately equal to 25X reward points on fuel purchases at the BPCL petrol pumps
  • The maximum reward point per credit card holder account is eligible to receive is 2500 reward points per billing cycle.
  • 25 reward points per Rs. 100 can be accessed whenever you purchase fuel from BPCL petrol pumps.
  • 6.25%+1% fuel surcharge waiver is applicable to a maximum of Rs. 4,000

Reward Points

  • 25 reward points per Rs. 100 can be accessed whenever you purchase fuel from BPCL petrol pumps.
  • 10 reward points per Rs. 100 spent on departmental stores, dining, grocery shopping, and movies. It could extend to up to 7500 per month.
  • 1 reward point per Rs. 100 on other retail expenditure. It doesn’t include mobile wallet upload ad non-BPCL fuel spends.
  • 4 reward points is equal to Re. 1

Fuel Benefits

  • 1% fuel surcharge for fuel purchases across all BPCL petrol pumps in India for transactions of up to Rs. 4,000, which excludes the GST and other additional charges
  • The maximum fuel surcharge waiver of Rs. 100 is allowed per statement cycle per credit card account, equalling to an annual saving worth Rs. 1200

Lounge Access Benefit

  • Cardholders allowed 4 complimentary visits to Domestic VISA lounges per calendar year
  • You can enjoy a maximum of 1 visit per quarter

Milestone Privileges

  • Access e-gift vouchers worth Rs. 2,000 from Yatra, Urban Ladder, Hush Puppies, Aditya Birla Fashion, or Bata as soon as your annual expenditure reaches INR 3 lakhs.

Miscellaneous Advantages

  • Enjoy complimentary Fraud Liability cover worth Rs. 1 lakh
  • Get your annual fee waived for the next year on an annual spend of 2 lakhs
  • Instant redemption is possible at Shop & Smile Rewards Catalogue

Eligibility Criteria for BPCL SBI Octane Credit Card

Though the benefits are many, you can only enjoy them if you are eligible to apply for the BPCL SBI card Octane.

To know if you qualify, you can check the below-mentioned criteria that make you eligible for making the application:

  • You must be between 18 and 70 years of age
  • The add-on cardholder must be above the age of 18 years.
  • The minimum income should be Rs. 20,000 or more per month

To check the eligibility criteria more accurately, you can:

  • Visit SBI’s official website
  • On the SBI Credit Cards tab, go to the “Simplifier” page
  • You will be asked questions one by one for the bank to know your personal and professional details, including your income and expense-related information.
  • You will be required to select your income range and other options
  • After you finish answering all the questions, click on “Show My Card”

Documents Required for BPCL SBI Octane Credit Card

While applying for this SBI credit card, you need to make sure to accompany the application with the following documents:

  • Filled credit card application form.
  • A copy of PAN card or Form 60.
  • Identity proof – PAN, driving license, Aadhaar Card, etc.
  • Income proof – latest payslips, Form 16, IT return copy, etc.
  • Residence proof – Passport, Ration Card, electricity bill, Aadhaar, etc.
  • Passport size color photographs of the applicant.

However, the State Bank of India might ask for some other document as applicable for advanced verification.

How to Apply for BPCL SBI Octane Credit Card?

There are two ways of applying for the BPCL SBI Octane credit card – one is through the official website of SBI and another is through us – roopya.com.

Using Roopya

  1. Go to roopya.com
  2. Click on the Credit Cards option from the menu bar
  3. Select SBI Bank to be taken to the official website of the bank
  4. Select BPCL SBI Octane credit card
  5. Fill in the application form
  6. Click Submit
  7. Upload the required documents to continue

Using SBI official website

  1. Visit the official website of SBI
  2. Click on Credit Cards from the menu bar
  3. Scroll down and search for BPCL SBI Octane credit card
  4. Click on Apply Now for the same
  5. Fill in the application form E-Apply tab, asking for your personal, professional, and other details.
  6. Click Submit
  7. Upload the required documents to continue

Once you apply with all the documents attached, you will receive an application ID using which you can track your application status.

How to Redeem Reward Points of BPCL SBI Octane credit card?

As stated above, you receive a number of reward points for your loyalty to the bank and its products. If you are looking forward to redeeming the same. here are the steps that you need to follow:

  1. Log in to your SBI Net banking account
  2. Click on Redeem Rewards option that will come across on the main page
  3. Choose the category from the available options
  4. The total loyalty points would be visible on the left pane
  5. Enter your city for the delivery of rewards
  6. Choose the quantity for the reward
  7. Click Add to Cart
  8. Click on Place Order

Fee & Charges

  1. Joining/Annual Fee – Rs. 4,999 (one-time)
  2. Renewal Fee – Rs. 4,999 (per annum to be paid from the second year)
  3. Credit card finance charge – 3.5% on all unsecured SBI Credit Cards (except Shaurya)
  4. Minimum amount due each month – 5% of the total outstanding amount or Rs.200 + taxes, whichever is higher
  5. Interest free period – 20-50 days
  6. Add-on fee – Nil (per annum)
  7. Cash advance fee – 2.5% of the amount withdrawn or Rs. 500 for domestic ATMs
  8. Late payment fee
  9. Upto Rs. 500 – Nil
  10. Rs. 501 to Rs. 1, 000 – Rs. 400
  11. Rs. 1,001 to Rs. 10,000 – Rs. 750
  12. Rs. 10,001 to Rs 25,000 – Rs. 950
  13. Rs. 25,001 to Rs. 50,000 – Rs. 1,100
  14. Above 50,000 – Rs. 1,300
  15. Statement Request Fee – Rs. 100 per statement, which is 2 months old or more
  16. Card Replacement Fee – Rs. 100 to Rs. 250 (domestic)
  17. Cheque payment charge – Rs. 100
  18. Over-limit charges – 2.5% of the over-limit amount or a minimum of Rs. 600

FAQs

What is BPCL SBI octane credit card?

In association with Bharat Petroleum, the State Bank of India has introduced the BPCL SBI card Octane. The card offers innumerable features and benefits. These include complimentary fraud liability cover, maximum fuel surcharge waiver, significant reward points, e-gift vouchers, etc. The annual fee for owning the BPCL SBI card Octane is Rs. 1,499 only. You can renew the usage of this card by paying the same amount every year.

What are the benefits of the BPCL SBI Octane credit card?

The benefits include:

  • Instant 6000 bonus reward points, which is equal to INR 1,500
  • The reward points are credited to the cardholder’s account within 30 days of the payment of the annual fee.
  • 7.5% cashback, which is approximately equal to 25X reward points on fuel purchases at the BPCL petrol pumps
  • The maximum reward point per credit card holder account is eligible to receive is 2500 reward points per billing cycle.
  • 25 reward points per Rs. 100 can be accessed whenever you purchase fuel from BPCL petrol pumps.
  • 6.25%+1% fuel surcharge waiver is applicable to a maximum of Rs. 4,000
  • 10 reward points per Rs. 100 spent on departmental stores, dining, grocery shopping, and movies. It could extend to up to 7500 per month.
  • 1 reward point per Rs. 100 on other retail expenditure. It doesn’t include mobile wallet upload ad non-BPCL fuel spends.
  • 4 reward points is equal to Re. 1
  • 1% fuel surcharge for fuel purchases across all BPCL petrol pumps in India for transactions of up to Rs. 4,000, which excludes the GST and other additional charges
  • The maximum fuel surcharge waiver of Rs. 100 is allowed per statement cycle per credit card account, equalling to an annual saving worth Rs. 1200
  • Cardholders are allowed 4 complimentary visits to Domestic VISA lounges per calendar year. You can enjoy a maximum of 1 visit per quarter
  • Access e-gift vouchers worth Rs. 2,000 from Yatra, Urban Ladder, Hush Puppies, Aditya Birla Fashion, or Bata as soon as your annual expenditure reaches INR 3 lakhs.
  • Enjoy complimentary Fraud Liability cover worth Rs. 1 lakh
  • Get your annual fee waived for the next year on an annual spend of 2 lakhs
  • Instant redemption is possible at Shop & Smile Rewards Catalogue

What is the credit limit of BPCL SBI credit card?

The credit limit is determined by the bank i.e., the State bank of India.

Is BPCL SBI card good?

Of course, the BPCL SBI card Octane is a good options as it offers numerous features and benefits from offering the fuel surcharge waiver to significant reward points. The bank makes sure every individual around is eligible to receive the benefits offered by this card. If you want 4.25% value-bck on the fuel purchases you make at BPCL petrol pumps, this is the card you must opt for.

Credit Card

HDFC Diners Club Privilege Credit Card

HDFC Diners Club Privilege Credit Card highest reward points among

August 27, 2021
Credit Card

HDFC IndianOil Credit Card

HDFC IndianOil Credit Card offers 5% earning on spending. Get this

August 24, 2021
Credit Card

Flipkart Axis Bank Credit Card

Flipkart Axis Bank Credit Card offers maximum benefit for Flipkart

June 24, 2021