SBI BPCL Credit Card Features

BPCL SBI Credit Card

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SBI BPCL Octane Credit Card

The BPCL SBI Card has been launched in association with Bharat Petroleum. It lets you save huge on your fuel spending. Additionally, it offers welcome gift vouchers, contactless advantage, premium security, and much more.

Key Highlights of SBI BPCL Credit Card

This is an entry-level co-branded fuel credit card

This credit card is best suitable for benefits on fuel purchases

The annual fee for the SBI BPCL card is ₹ 499, and the renewal fee is ₹ 499

The minimum income required to apply for this SBI BPCL credit card is ₹ 30,000/month

Welcome benefits of 2,000 activation bonus rewards points are awarded along with this card which are worth ₹ 500

Best feature of SBI BPCL cards is its offer of 13X reward points on fuel purchase at all the BPCL petrol pumps.

How to Apply for the BPCL SBI Card

  • Start by visiting the Bajaj MARKETS website

  • Next, you need to fill in your details.

Help us with a few of your details.

Compare between the multiple options available

  • Make your choice as per the requirements

Select the BPCL SBI Card

  • Submit all the required details in the online application form

And you're all set to receive your SBI BPCL credit card!

Documents Required & Eligibility Criteria for BPCL SBI Card

  • Age: The age of the salaried applicants should lie between 21-55 years of age.

  • Employment: Self-employed applicant should be between the age of 21-70 years of age

  • Residence: The individual should be a resident of India

  • Proof of Income: Latest 3 months' salary slip/Form 16/IT return copy as proof of income

SBI BPCL Credit Card Reward Points

Sr. No.

Reward Points

Value

1

Activation Bonus Reward Points

2000 reward points worth ₹ 500 on the payment of joining fees

2

Fuel Freedom Rewards

13X Reward Points equivalent to 3.25% + 1% Fuel surcharge waiver on every transaction of up to ₹ 4,000

3

Reward Benefits

1 Reward Point for every ₹ 100 spent on non-fuel retail spending

4

Reward Points on other spending

5X Reward Points for every ₹ 100 spent at departmental stores, groceries, movies & dining. This means a reward of up to 5000 points per month.

5

Fuel Rewards

1300 Reward Points per billing cycle

Features & Benefits of SBI BPCL Credit Card

  • Limited period offer:

On applying online for the SBI BPCL credit card, you get Amazon vouchers worth ₹ 250.

  • Welcome gift:

Get 2,000 Activation Bonus Reward Points which are worth ₹ 500 on payment of the joining fee. Reward Points will be credited after 20 days of the payment of the joining fee, and the same can be redeemed instantly against fuel purchases at BPCL outlets or at Shop n Smile rewards catalog.

  • Value Back Benefits:

Get 4.25% value back (13X) Reward Points on fuel purchases at BPCL petrol pumps. Earn a maximum of 1300 Reward Points per billing cycle. Enjoy a 3.25% + 1% Fuel surcharge waiver on every transaction up to ₹ 4,000; this amount is exclusive of GST and other charges.

  • Reward Benefits:

Earn up to 5X Reward Points on every ₹ 100 spent on groceries, departmental stores, movies & while dining. You also get 1 reward point against every ₹ 100 spent on retail purchases, which are non-fuel in nature.

  • Fuel Freedom Benefits:

Earn 4.25 % value back (13X* Reward Points equivalent to 3.25% + 1% Fuel surcharge waiver on every transaction of up to ₹ 4,000, this amount is exclusive of GST and other charges) at any BPCL petrol pump across the country. Get a surcharge waiver of up to ₹ 100 per billing cycle, which means it's equivalent to an annual savings of ₹ 1200.

Fees and Charges on BPCL SBI Card

Annual Fee (one time)

₹ 499 + taxes

Renewal Fee (per annum)

₹ 499 + taxes from the second year onwards

This fee is revered on the annual spending of ≥ ₹ 50,000 for the last year.

Add-on Fee (per annum)

Nil

Finance charges

3.50% per month, the minimum amount of finance charges is ₹ 25 (These charges are exclusive of applicable taxes)

Minimum amount due

5% of Total Outstanding

Free Credit Period

Nil

Cheque Fee

₹ 100

Payment Dishonour fee

2% of the payment amount, subject to a minimum of ₹ 500

Statement retrieval

₹ 100 per statement, which is two or more months old

Late payment (the amount is charged as per the total outstanding amounts)

NIL for Total Amount due from ₹0-₹500;

₹ 400 for Total Amount due greater than ₹ 500 & up to ₹ 1000;

₹ 750 for Total Amount due greater than ₹ 1000 & up to ₹ 10,000;

₹ 950 for Total Amount due greater than ₹ 10,000

₹ 1100 for Total Amount due greater than ₹ 25,000 & up to a maximum of ₹ 50,000

₹ 1300 for Total Amount due greater than ₹ 50,000

Card replacement

₹ 100 to ₹ 250

Emergency card replacement, when abroad

Actual cost, with a minimum of $175

Foreign currency transaction

Conversion mark-up - 3.5%

Dynamic Currency Conversion

Mark-up Fee: 3.50% (For All Cards Except Elite) 1.99% (For Elite Cardholders Only) (Only for transactions greater than or equal to ₹ 1,000)

SBI BPCL Credit Card Customer Care Number

You can reach out to the SBI Credit Card Customer Care team at their helpline number at 1860 180 1290 or 39 02 02 02.

You can get your queries resolved along with the necessary assistance by reaching out to the SBI BPCL credit card customer care through SMS. Using your registered mobile number, you can type in your query as per the required format and send the SMS to 5676791.

The helpline of SBI credit card customer care can also be reached through email. The official SBI credit card email ID is customercare@sbicard.com.

Pros and Cons of SBI BPCL Credit Card

The following table highlights the pros and cons of the SBI BPCL credit card:

Pros

Cons

You can save annually up to 70 liters of petrol.

The fuel benefits offered are limited to the BPCL pumps only.

The annual feel of ₹ 499 is low as compared to other co-branded credit cards.

The reward rate on retail spending other than BPCL outlets is low.

You benefit from the 13x reward points whenever you purchase fuel at BPCL outlets.

The maximum fuel surcharge waiver is ₹ 100 on a billing cycle.

Opportunity to benefit from a wide range of reward points when shopping through departmental stores, dining out, movies, and groceries.

The offered benefits are low as compared to other co-branded retail outlets/ shopping credit cards.

Similar Credit Cards Offered by SBI

Credit Card

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SBI BPCL Octane Credit Card

BPCL Octane SBI Card is best suited for purchase of Fuel, Traveling & Shopping

Central SBI Credit Card

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Club Vistara SBI Card

SBI Club Vistara Credit Card is best suited for Traveling, Entertainment & Dining

SBI ELITE Card

SBI ELITE Credit Card is best suited for Shopping, Entertainment, Fuel & Dining

FBB SBI STYLEUP Card

SBI FBB STYLEUP Credit Card is best suited for Shopping, Rewards & Cashback

SBI IRCTC RUPAY Card

SBI IRCTC Credit Card is best suited for Traveling, Entertainment & Fuel

SBI Lifestyle Credit Card

SBI Lifestyle Credit Card is best suited for Shopping, Rewards & Cashback

Max SBI Card SELECT

SBI Max SELECT Credit Card is best suited for Shopping, Rewards & Cashback

SBI PRIME Card

SBI PRIME Credit Card is best suited for Traveling, Shopping & Fuel

SimplyCLICK SBI Card

SBI SimplyCLICK Credit Card is best suited for Shopping, Entertainment & Fuel

SimplySAVE SBI Card

SBI SimplySAVE Credit Card is best suited for Shopping, Entertainment & Fuel

FAQs About SBI BPCL Card

  • ✔️What are the documents acceptable for BPCL SBI Card?

    The documents that are acceptable for the BPCL SBI credit card are documentation for identity and residence proof such as Aadhaar/PAN Cards, driving licence, voter’s ID and passport. Other documentation includes proof of income, like salary slips, Income Tax Returns, or Form 16.

  • ✔️What is the BPCL SBI Card credit limit?

    The SBI BPCL card has no fixed credit limit, as this is decided by the card issuer and is dependent on a cardholder’s creditworthiness.

  • ✔️What is the SBI BPCL credit card?

    This is a fuel credit card, launched in collaboration with Bharat Petroleum. The card gives users huge discounts and offers on fuel expenses, providing secure and contactless payment.

  • ✔️What are the value back benefits of the BPCL SBI card?

    On this card, users get value back benefits amounting to 4.25% (13 x reward points) when fuel expenses are made at BPCL fuel stations. For each billing cycle, users can earn up to 1300 reward points. Furthermore, users can enjoy a fuel surcharge waiver of 3.25% plus 1% on every transaction up to ₹ 4,000 at fuel stations.

  • ✔️How can I redeem my SBI BPCL points?

    Reward points are credited to credit card accounts, and these can be redeemed against BPCL purchases at BPCL fuel stations and shopping outlets attached to these stations. You can redeem all reward points earned with the SBI BPCL Credit Card online through the SBI portal.

  • ✔️Is SBI BPCL a good card?

    The SBI BPCL credit card is ideal for those who prefer BPCL for their fuel requirements. Since it charges a very minimal annual payment of ₹ 499, which is low compared to the value-back you get on your fuel charges and do not expect a lot of rewards across other shopping categories.