BPCL SBI Bank Octane Credit Card
SBI Bank SBI Bank

BPCL SBI Bank Octane Credit Card

cat name Fuel
cat name Reward Points

Best Suited For: Fuel Purchases

Joining Fee: ₹1,499 Plus Applicable Taxes

Renewal Fee: ₹1,499 Plus Applicable Taxes

cat name Fuel
cat name Reward Points

Best Suited For: Fuel Purchases

Joining Fee: ₹1,499 Plus Applicable Taxes

Renewal Fee: ₹1,499 Plus Applicable Taxes

Best Feature:- 7.25% value back on your Fuel Expenses

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The BPCL SBI Card Octane is a premium fuel credit card designed for people who spend a lot on fuel, especially at Bharat Petroleum outlets. It offers a high 7.25% value back on fuel purchases—6.25% as reward points and a 1% fuel surcharge waiver. You can also earn 10X reward points on dining and movie spending. BPCL SBI Card Octane card has an annual fee of Rs. 1,499. It also offers other benefits like 4 complimentary domestic airport lounge visits per year. This card can provides you excellent value and savings If you spend more money on fuel expenses.

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All You Need To Know

Card Type

Fuel Purchases

Welcome Benefits
  • 6,000 Bonus Reward Points: Get rewarded with 6,000 bonus points upon paying the annual fee, equivalent to Rs. 1,500. These points can be redeemed for fuel purchases at BPCL stations.
Value-Back Benefits
  • 7.25% Value-Back on Fuel Purchases:
    • 25X Reward Points on fuel transactions at BPCL petrol pumps, which translates to 6.25% value-back + 1% fuel surcharge waiver.
    • Maximum 2,500 Reward Points per month for fuel purchases.
Reward Points Program
  • 10 Reward Points for every Rs. 100 spent on dining, movies, groceries, and departmental stores (up to 7,500 points per month).
  • 25 Reward Points for every Rs. 100 spent on fuel at BPCL petrol stations (maximum 2,500 points per month).
  • 1 Reward Point for every Rs. 100 spent on non-fuel retail purchases.
  • Reward Redemption: 1 reward point = Rs. 0.25, which can be redeemed for fuel purchases or other rewards.
Fuel Surcharge Benefits
  • Fuel Surcharge Waiver:
    • Get a 1% fuel surcharge waiver on fuel transactions up to Rs. 4,000 at BPCL stations (exclusive of GST and other charges).
    • Maximum Surcharge Waiver of Rs. 100 per statement cycle, which amounts to Rs. 1,200 annually.
Travel Benefits
  • 4 Complimentary Domestic Lounge Visits: Enjoy access to domestic lounges at VISA lounges in India (1 visit per quarter).
Milestone Benefits
  • Rs. 2,000 E-Gift Voucher from Aditya Birla Fashion, Yatra, Hush Puppies, or Bata when you reach annual spends of Rs. 3 Lakh.
Insurance Benefits
  • Fraud Liability Cover: Complimentary fraud liability cover of up to Rs. 1 Lakh.
Additional Benefits
  • Balance Transfer Facility: Transfer outstanding balances from other credit cards to your BPCL SBI Card OCTANE at lower interest rates.
  • Flexipay: Convert purchases over Rs. 2,500 into easy monthly installments.
  • Renewal Fee Waiver: Waived if you spend Rs. 2 Lakh in the previous year.

BPCL SBI Bank Octane Credit Card Eligibility:

BPCL SBI Credit Card Octane Eligibility Criteria

You must fulfill the following specified eligibility requirements in order to be eligible for a BPCL SBI Card Octane:

  • The candidate must be older than eighteen.
  • The candidate needs to be financially stable.
  • Available to both Salaried and Self-employed.
  • The candidate should have a strong credit history and score.

Documents Required to Apply for the BPCL SBI Credit Card Octane

When submitting an application for a BPCL SBI Credit Card Octane, the following files must be uploaded or submitted:

Proof of Identity

PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card.
Proof of Address

Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 month’s old, Ration Card, Property Registration Document.
Proof of Income

Latest one or 2 salary slip (not more than 3 months old), Latest Form 16, Last 3 months’ bank statement

Here are the fees and charges associated with The SBI BPCL Octane Credit Card:

Fees / Charges Amount
Joining Fee Rs. 1,499
Renewal Fee Rs. 1,499 (Reversed on annual spends of Rs. 2 lakh)
Finance Charges 3.50% p.m. (42% p.a.)
Add-On card fee Nil
Late Payment Charges For Statement Balance
  • Up to Rs. 500: Nil
  • Rs. 500 up to Rs. 1,000: Rs. 400
  • Rs. 1,001 – Rs. 10,000: Rs. 750
  • Rs. 10,001 – Rs. 25,000: Rs. 950
  • Rs. 25,001 – Rs. 50,000: Rs. 1,100
  • Rs. 50,001 and above: Rs. 1,300
Finance Charges 3.50% per month or 42% per annum
Cash payment fee Rs.250
Cheque payment fee Rs.100
Over limit fee 2.5% of the over limit amount; minimum of Rs.600
Rewards redemption fee Rs.99
Foreign currency transaction 3.50%
Payment dishonor fee 2% of the payment amount; minimum of Rs.450
Statement request Rs.100 per statement (more than 2 months old)

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FAQs

You will earn up to 25 reward points for every Rs.100 spent on fuel transactions at BPCL petrol pumps. Plus, you can enjoy a fuel surcharge waiver on transactions up to Rs.4,000.

Yes, the annual fee of Rs.1,499 will be waived for the following year if you spend Rs.2 lakh or more.

The BPCL SBI Card Octane offers a 1% fuel surcharge waiver at BPCL stations on transactions up to Rs.4,000. It has a waiver cap of Rs.100 per statement cycle.

You can apply online through the SBI Card website or visit your nearest bank branch. Provide them with all the required documents for the application.

You can redeem your reward points by logging into the SBI Card portal or using the SBI Card mobile app. To complete the process Visit the 'Rewards Catalogue' there.

Please click the links below to find details and instructions related to SBI Credit Cards that can help you in easily managing your card:

Check if you are eligible for the SBI BPCL Credit Card on
mybankingtips.com

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