BPCL SBI Octane Credit Card - Learn The Benefits & Apply

✓ Fast Processing ✓ Exciting Rewards ✓ Easy EMI Facility | Apply for an SBI Card now! Check Card Offer

Key Highlights of the BPCL SBI Card OCTANE

Here’s why this fuel credit card is a good pick:

Joining Fee	₹1499
Annual Fee	₹1499, which is waived off on spending ₹2 Lakhs or more in the preceding year
Suitable for	Redeeming reward points to pay fuel bills
Key Feature	E-gift vouchers worth ₹2,000 on spending ₹3 Lakhs annually
Joining Bonus	6,000 reward points worth ₹1,500 on paying the joining fee

Features and Benefits

You can save more with this co-branded fuel credit card from SBI Card and Bharat Petroleum Corporation Limited (BPCL). Use it to enhance your life and enjoy a range of lifestyle perks.

Up to 2,500 Reward Points a Month

Get 7.25% (6.25% + 1%) value back via 25X reward points and a 1% surcharge waiver on fuel purchases at BPCL pumps

Welcome Bonus

Get 6,000 reward points worth ₹1,500 on paying the joining fee

Fuel Savings

Save 1% fuel surcharge up to ₹1,200 yearly on transactions up to ₹4,000 across all BPCL pumps

Accelerated Lifestyle Rewards

Earn 10 reward points, up to 7,500 points per month, on every ₹100 you spend on groceries, dining, shopping, and movies

Spend and Earn Points

Get 1 reward point per ₹100 on other retail purchases, excluding mobile wallet uploads and non-BPCL fuel payments

Domestic Lounge Access

Get 4 complimentary visits to domestic VISA lounges in India annually, and enjoy travelling in style

Milestone Privileges

Get e-gift vouchers worth ₹2,000 on spending ₹3 Lakhs annually, from brands like Aditya Birla Fashion, Hush Puppies, Yatra, and more

Protection From Fraud

Get complimentary fraud liability cover of ₹1 Lakh and use this SBI Card stress-free

Fee Reversal

Get the annual fee for next year waived off on spending ₹2 Lakhs in the preceding year

Instant Redemption

You can redeem your reward points during billing at select BPCL petrol pumps to save on fuel costs

Contactless Payments

Make payments of up to ₹5,000 without the card leaving your hands, with the payWave technology

Globally Accepted

Use your card hassle-free at over 3,25,000 outlets in India and 24 million outlets across the world

Add-on Cards for Family

Give your parent, spouse, sibling or child an add-on card at no charge

Manage Utility Bills

Pay your water, electricity and phone bills on time with the Easy Bill Pay facility

Transfer Balance of Other Cards

Pay outstanding credit card bills of other issuers on EMIs at affordable rates

Pay for Purchases in EMIs

Enjoy the freedom of converting purchases of ₹2,500 or more into EMIs within 30 days of purchase

BPCL SBI Card OCTANE’s Rewards Program

SBI Card’s rewards program is diverse and gives you the freedom to redeem points across categories. To know the points you have earned using your BPCL SBI Card OCTANE, you can:

Use SMS banking
Log in to net banking
Check your statement
Login to SBI Card’s chatbot ILA

Here is how the rewards program works for the BPCL SBI Card OCTANE:

A. Reward Points

You earn 25X reward points and 1% surcharge waiver on fuel refills at BPCL pumps (Earn up to 2,500 accelerated points in a month)

Here is an example of the rewards and savings you get on fuel purchases from BPCL fuel stations:

Purchase (Monthly)	Amount	Reward Points	Savings
Fuel Bill + 1% Surcharge Waiver	₹10,000	2,500	₹100

Disclaimer: The above example is for illustration purposes only.

You earn 10 reward points, up to 7,500 per month, on every ₹100 spent on dining, groceries, shopping, and movies

Here is an example:

Purchase (Monthly)	Amount	Reward Points
Dining Out	₹30,000	3,000
Groceries	₹30,000	3,000
Movies	₹15,000	1,500

Disclaimer: The above example is for illustration purposes only.

Lastly, you get 1 reward point per ₹100 spent on other retail purchases, excluding mobile wallet uploads and non-BPCL fuel payments

Here is an example:

Purchase (Monthly)	Amount	Reward Points
Gym Membership	₹3,000	30
Rent Payment	₹50,000	500

Disclaimer: The above example is for illustration purposes only.

B. Redemption Process

You can then redeem your reward points by logging in to your credit card account via net banking or through the YONO mobile app. Redeem your points against merchandise, including accessories, gadgets, and more.

You can even book flight tickets or choose from memberships or shopping vouchers. A rewards redemption fee of ₹99 is applicable on physical products, vouchers sent to you physically, and statement credit.

C. Expiration

All the reward points you earn will expire in 24 months after you earn them.

D: Example of Savings

Referring to the above examples, here is a look at what your annual expenses and savings could look like:

Category	Details	Conversion	Cash Value (₹)
Fuel Bill + 1% Surcharge Waiver	Accelerated Category Spends (25X) + 1% Surcharge Waiver Assuming spends 1,20,000 p.a./ 10,000 p.m.	Reward Points = 30,000 25X(1,20,000/100) + 10,000 x 1% x 12 =	7,500 + 1,200
Dining Out	Accelerated Category Spends (10X) Assuming spends 3,60,000 p.a./ 30,000 p.m.	Reward Points = 36,000 10X(3,60,000/100)	9,000
Groceries	Accelerated Category Spends (10X) Assuming spends 3,60,000 p.a./ 30,000 p.m.	Reward Points = 36,000 10X(3,60,000/100)	9,000
Movies	Accelerated Category Spends (10X) Assuming spends 1,80,000 p.a./ 15,000 p.m.	Reward Points = 18,000 10X(1,80,000/100)	4,500
Offline Gym Membership	Normal Category Spends Assuming spends 36,000 p.a./ 3,000 p.m.	Reward Points = 360 (36,000/100)	90
Rent Payment	Normal Category Spends Assuming spends 6,00,000 p.a./ 50,000 p.m.	Reward Points = 6,000 (6,00,000/100)	1,500
Total Annual Savings		1,26,360	32,790

Disclaimer: The above example is for illustration purposes only. The actual rewards and savings may vary based on the policies of the issuer and on the timely payment of credit card dues. Please check with the card issuer before applying.

Now, you have two options:

1. Redeem 1,26,360 points via the 'Shop n Smile' rewards portal, and choose items from various retailers such as Wildcraft, Bosch, Fossil, Puma, and more.

2. Convert your reward points into cash by contacting SBI Card. Since 4 reward points = ₹1, the cash value of 1,26,360 rewards = ₹32,790.

Fees and Charges Associated with the BPCL SBI Card OCTANE

Here are the charges and penalties you can expect to come across while using the BPCL SBI Card OCTANE:

Fee Type	Details
Joining Fee	₹1,499
Annual Fee	₹1,499 (Waived off on spending ₹2 Lakhs or more in the preceding year)
Reward Redemption Fee	₹99
Cash Advance Fee	2.50% of the withdrawn amount or ₹500, whichever is higher
Interest Charges	Can go up to 3.5% per month (42% p.a.)
Minimum Amount Due	5% as per this calculation: Total GST + EMI amount + 100% of Fees/Charges + 5% of [Finance charge (if any) + Retail Spends and Cash Advance (if any)] + Overlimit Amount (if any)
Late Payment Fee	Up to ₹1,300 based on the overdue balance
Foreign Transaction Fee	3.50% of the transaction amount

Note: A GST of 18% is applicable on the above-mentioned charges.

Disclaimer: These fees and charges are also subject to change at the discretion of the issuer. Before applying, check the issuer’s Most Important Terms and Conditions (MITC) document to verify.

Eligibility and Application Process

Verify the BPCL SBI Card OCTANE’s eligibility terms and ensure that you meet them before applying. To qualify, you need to be:

Between 21 and 70 years of age
Creditworthy with a good credit score
Salaried or self-employed with a regular source of income

Here is a list of general documents you will need to keep ready:

Identity Proof:
- Aadhaar card
- Colour photo
- Passport
- PAN card
Address Proof:
- Ration card
- Utility bill (electricity, phone, water)
Income Proof:
- Self-employed: Income Tax Returns (ITR), bank statements showing income
- Salaried: Form 16, latest salary slips (past 2-3 months)

Apply Online

To get the BPCL SBI Card OCTANE, apply online on Bajaj Markets. To get a clear understanding of how to apply, read the steps outlined below:

Click on ‘Check Eligibility’ and enter the required details, including your occupation, phone number, and birth date
Add the One-Time Password (OTP) received on your phone
Check the auto-filled details like your PAN number, residential PIN code, email ID, and income information
Apply for the card that fulfils your needs from the available options
Click ‘Submit’ and complete your application

Customer Care

If you have any questions, contact SBI Card’s customer care executives via phone or email:

Call 1860 500 1290, 1860 180 1290, 1800 180 1290 (toll-free), or 39 02 02 02 (Prefix local STD code)
Email customercare@sbicard.com

BPCL SBI Card Octane vs Others

Before committing to the BPCL SBI Card OCTANE, compare it with other cards from the same issuer:

Card Name	Cashback	Complimentary Airport Lounge Access	Fuel Surcharge Waiver	10X Reward Points
BPCL SBI Card OCTANE	✅	✅	✅	✅
Max SBI Card SELECT	✅	❌	✅	✅
SimplySAVE SBI Card	✅	✅	✅	✅
IRCTC RuPay SBI Card	✅	❌	✅	❌
SBI Card ELITE	❌	✅	✅	❌
SimplyCLICK SBI Card	❌	❌	✅	✅
SBI Card PRIME	❌	✅	❌	✅
BPCL SBI Card	✅	❌	✅	❌
SBI Card PULSE	❌	✅	✅	✅
Lifestyle Home Centre SBI Card	✅	❌	✅	✅

Disclaimer: The benefits mentioned are subject to change as per the policies of SBI Card. Check them before you apply for a specific card.

Disclaimer

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

About Credit Cards Services

Credit Cards Partners at Bajaj Markets

Non Partners Credit Cards

Will I get 25X rewards on fuel refills done at any fuel station with the BPCL SBI Card OCTANE?

No, the 25X reward points are awarded only if you get fuel at BPCL pumps in India.

Does the BPCL SBI Card Octane have offers on gas booking?

Yes, you can earn up to 500 reward points on Bharat Gas bill payments via the website or mobile app.

How many times can I access the airport lounge in 1 year with the BPCL SBI Card Octane?

You can visit the domestic airport lounge up to 4 times a year. However, this complimentary visit is restricted to once a quarter.

How many add-on cards can I apply for on my BPCL SBI Card OCTANE?

You can apply for up to 3 add-on cards against your primary card, free of cost.

Will there be fees to replace or reissue a credit card?

Yes, you will need to pay a replacement fee of ₹100 plus taxes to replace your card or get it reissued.

How does the BPCL SBI Card Octane work?

This co-branded fuel credit card is brought to you by SBI Card and Bharat Petroleum Corporation Ltd. It offers rewards and benefits on fuel and movies, shopping at departmental stores, and dining.

What is the interest payable on my BPCL SBI Card Octane?

The interest payable on unpaid balances on the BPCL SBI Card Octane is 3.5% per month or 42% per year.

What is the milestone benefit available on the BPCL SBI Card Octane?

One of the milestone BPCL SBI Card Octane benefits is an e-gift voucher worth ₹2,000 from brands like Aditya Birla Fashion, Yatra, or Bata. You can get it when you spend ₹3 Lakhs or more in a year.