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BPCL SBI Card Octane is a co-branded credit card launched by the SBI in association with the Bharat Petroleum Corporation Limited. The card comes with an exclusive range of features and benefits across different categories which include fuel, travel, shopping, and dining. It also comes with accelerated reward points, and milestone benefits.

 

With this SBI BPCL Octane credit card, you can get a value back of 7.25% on fuel transactions made at certain Bharat Petroleum Gas stations anywhere in the country. Apart from this, the card gives 10x reward points on various categories such as groceries, dining, movies, and a lot more.

Features & Benefits of BPCL SBI Card Octane

Reviewing the features and benefits of this fuel credit card will help you maximise your savings. To help you find out if the BPCL SBI Card Octane is the right pick, we’ve listed all the features of the card below:

 

  • Enjoy a welcome bonus of 6,000 reward points worth ₹1,500 redeemable on fuel spends at any BPCL gas station. 

  • Get 7.25% value back on fuel spends including 25x reward points (up to 2,500 points/cycle) for every ₹100 spent on this fuel credit card.

  • On fuel spends of up to ₹4,000 at any BPCL gas station, claim a 1% fuel surcharge waiver, enjoying an annual savings of ₹1,200.

  • Relish milestone benefits including renewal fee waivers on annual spends of ₹2 Lakhs. On annual spends of ₹3 Lakhs, earn e-gift vouchers from brands like Hush Puppies, Yatra, and Aditya Birla worth ₹2,000.

  • Earn 10x reward points (up to 7,500 points/month) for every ₹100 spent on dining, movie tickets, or groceries. 

  • 4 complimentary domestic VISA airport lounge access visits per year (1/quarter).

  • Convert expenses over ₹2,500 into EMIs with the Flexipay option. 

  • Transfer your outstanding credit card balance (up to 75% of your credit limit) to the SBI BPCL Octane card and save more with lower interest rates. 

  • Stay protected from fraudulent transactions and theft with a fraud liability insurance cover of ₹1 Lakh.

  • Get an add-on card for your loved ones without any extra charges.

Eligibility Criteria and Documents Required for the BPCL SBI Card Octane

To apply for this BPCL SBI credit card, you will have to meet these eligibility requirements:

  • You must be an Indian resident.

  • You must be between 21-70 years of age.

  • You must be a self-employed or salaried individual.

  • You must have a stable and regular source of income.

  • You must have a good credit score - preferably above 720. 

 

If you check all the boxes of the eligibility criteria mentioned above, you must keep the following identity and address proof documents handy. 

  • AADHAR Card (or any other valid address proof document)

  • PAN Card

Note that the bank may also require your payslips, bank statement, and/or ITR copies as valid income proofs to process the credit card request.

How to Apply for the BPCL SBI Card Octane Online

Once you’ve checked your eligibility and arranged the required documents, you can apply for this credit card online in just a few minutes. 

  • Visit the official Bajaj Markets website

  • Fill-in the requisite details in the online application form

  • Check the list of SBI credit cards and select the BPCL SBI Card Octane

  • Submit the form to complete the application process  

BPCL SBI Card Octane Customer Care Details

To reach SBI credit card customer care helpline, you can dial any one of the following numbers:

  • 1860-180-1290 (toll-free)

  • 1860-500-1290 

  • 39020202 (prefix local STD code)

Alternatively, you can send an email to the bank’s customer care team via the official SBI website. 

Fees & Charges for the BPCL SBI Card Octane

To make timely credit card bill payments, you should review all the fees and charges associated with this card before applying for it. To help you better manage your finances, we’ve listed all the charges associated with this BPCL SBI credit card below:

Type of Fee

Applicable Charges

Joining fee

₹1,499 + GST

Annual fee

₹1,499 + GST (annual fee waiver on milestone spends of ₹2 Lakhs or more)

Add-on card fees

Nil

Foreign currency transaction fee

3.50% + GST

Cash payment at branches

₹250 + GST

Cash advance fee

2.5% of the advance amount or ₹500 (whichever is higher)

Over-limit penalty

2.5% of the first overlimit transaction amount or ₹600 (whichever is higher)

Finance charges (retail purchases and cash)

Up to 3.50% (up to 42% p.a.)

Card replacement fee

₹100

Payment dishonour  

2% of the dishonour amount or ₹500 (whichever is higher)

Rental transaction processing fee

₹199

 

 

 

 

Late payment fee

  • For due amount of ₹0-₹500 - Nil

  • For due amount of >₹500 to ₹1,000 - ₹400

  • For due amount >₹1,000 to ₹10,000 - ₹750

  • For due amount >₹10,000 to ₹25,000 - ₹950

  • For due amount >₹25,000 to ₹50,000 - ₹1,100

  • For due amount >₹50,000 -₹1,300 

(add-on penalty of ₹100 on missing minimum amount due payments for two consecutive billing cycles)

Disclaimer: SBI retains the right to alter these fees and charges as per its internal policy changes. However, the cardholder will be given prior intimation before the introduction of such changes. 

FAQs on BPCL SBI Octane Credit Card

The card aims to offer value-back fuel purchase benefits with BPCL pumps. Additionally, it offers rewards and benefits on groceries, dining, entertainment, etc. It’s ideal for credit card users who prefer Bharat Petroleum as fuel providers because they can enjoy fuel surcharge waivers.

 

The BPCL SBI Card Octane is a premium co-branded fuel credit card. The card was launched with the Bharat Petroleum Corporation Limited, and offers users huge benefits on fuel, shopping, and other expenses.

The BPCL SBI Card Octane customer care number is 1860 180 1290

The documents acceptable for the BPCL SBI Card Octane are proof of income documents (salary slips, Income Tax Returns, etc.), and identity and residence proof documents (PAN and Aadhaar Cards, voter ID, driving licence, passport, etc.).

The BPCL SBI Card Octane does not have a fixed credit limit. The bank determines the card’s credit limit for individual card users based on the user’s credit profile/credit score.

The BPCL SBI Card Octane is one of the premium cards offered by the State Bank of India. The card is good as it offers several rewards and benefits  such as reward points across dining, groceries, shopping, complimentary lounge visits, 25x reward points on BPCL fuel purchases, and more.

The maximum fuel surcharge waiver given with the BPCL SBI Card Octane is ₹100 per statement cycle. This waiver is quite a beneficial addition to the host of benefits provided by this card.

Yes, you can withdraw cash from your BPCL SBI Card Octane. As a holder of the BPCL SBI Card Octane, you can withdraw cash from millions of VISA/RuPay ATMs across the world, including thousands of Indian ATMs. Along with this, you get access to over 10,000 ATMs over 100-plus cities in India.

The BPCL SBI Card Octane comes with a joining and annual fee of ₹1,499+GST. The finance charges for the card stand at 3.50% per month (or 42% annually), while the penalty for missed payments varies from ₹0-₹1,300. 

Going over the sanctioned credit limit is penalised at a rate of 2.5% against the overlimit amount (with a minimum limit of ₹550). Clearing your dues in cash will attract a cash payment charge of ₹199 per transaction. Additionally, for foreign transactions using the card, you have to pay a currency mark-up fee of 3.50% on the transacted amount.

Before choosing a fuel credit card, you should weigh its pros and cons. Pros of the card include hefty fuel savings with 25 reward points issued against every ₹100 spent on BPCL gas stations. Another pro is the 10x reward points earned on grocery shopping, dining, and entertainment spends. Lastly, the BPCL SBI Card Octane brings you travel benefits of four complimentary yearly visits to domestic VISA lounges. 


However, the card also has some cons. For instance, the BPCL SBI Card Octane’s benefits are limited to only Bharat petrol pumps. Moreover, while the value back deal on fuel expenses is a bonus, the surcharge waiver limit of ₹100/month is a definite con. Similarly, the reward conversion rate for non-fuel retail expenses is also quite low.

The BPCL SBI Card Octane is a great fuel card that offers up to 25x rewards and 7.5% value back on fuel expenses at BPCL. With the rising cost of fuel, these savings can help you foot the bill with ease. This is also one of the highest fuel rewards conversion rates available in the Indian market. Moreover, the card also brings you reward points across spending categories like dining, and entertainment and perks like complimentary lounge access.

Yes. You can claim the annual fee waiver benefit if your spends cross ₹2 Lakhs in the preceding year. In other words, if you meet this milestone spending requirement, you won’t have to pay the ₹1,499 renewal fee of the card.

You can redeem your credit card points at certain BPCL gas retail outlets across the country. You can also redeem them through BPCL fuel vouchers that are valid for 6 months from the issuance date. SBI has comprehensive lists of the BPCL retail outlets that offer POS and e-voucher redemptions. You can check out these lists to seamlessly redeem your credit card points for fuel. 

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