The sbi bpcl octane credit card is a premium quality fuel credit card from the State Bank of India. Offering some excellent perks on fuel purchase, this card packs some attractive sbi bpcl credit card benefits like reward points, fuel surcharge waiver, lounge access, lost card liability coverage, etc. this card brings so much value with it that it can easily offset the Rs. 1499 annual fee. More about sbi bpcl octane credit card benefits are discussed below.
Who can apply for the bpcl octane sbi credit card?
- Resident Type: Indian
- For salaried person:
- Age: The age of the applicant should be between 18 to 60 years.
- Income: The average income of the applicant should be Rs. 35,000 monthly.
- For self-employed person:
- Age: The age of the applicant should be between 18 to 65 years.
- Income: Annual Income Tax Return should be greater than Rs. 3 lakh.
- A long relationship with the bank will help you to get this sbi bpcl octane card.
- An excellent credit score (above 780) is needed to apply for this bpcl octane sbi card.
What documents are required to apply for the sbi bpcl octane credit card?
- Photocopy of Address proof (any 1)
- Last 6 months bank account Statement
- Aadhar Card
- Driving License
- Utility bills
- Photocopy of ID Proof (any 1)
- Aadhar card
- Voter Card
- PAN Card
- Two recent passport-sized photographs
- Proof of income statement:
- Salaried Person (any 1)
- Salary Slip of last 3 months
- ITR (Income Tax Return)
- Self-employed person
- Income tax return of the last year
- Proof of business
- Salaried Person (any 1)
As per new credit card rules, all new credit cards are delivered in an inactive state, in order to start using this card, you have to activate them by generating a new credit card PIN. You can know more about the sbi credit card pin generation process from the 100xGain FAQ page.
What are the bpcl sbi credit card fees?
- SBI bpcl octane card joining fee: Rs. 1499 + GST
- BPCL sbi card octane annual fee: Rs. 1499 + GST
What are the sbi bpcl octane credit card benefits?
A hearty welcome to make a good start for you:
With the issuance of the bpcl sbi card , you will be welcomed with 6000 bonus reward points. The reward points will be credited to your account within 30 days of the realization of the first year’s joining fee.
You can use those bpcl reward points to purchase fuel at any BPCL fuel station in India. You can also redeem sbi card points against a product from the sbi bpcl credit card reward points redemption catalog.
Accelerated rewards on every transaction:
You can earn rewards for almost every transaction you make with this octane card. The sbi bpcl card rewards scheme is discussed in the table below.
Category of transaction
Total reward benefit
|Every Rs. 100 spent on fuel and lubricants purchased at BPCL Fuel stations.||25 reward points.|
|For each Rs. 100 spent on Dining, Grocery, movies, and Departmental stores.||10 reward points, a maximum of 7500 points in a credit cycle.|
|For each Rs. 100 retail transaction.||1 reward|
The value of 1 sbi credit card reward is equal to Rs. 1.
Attractive value back points on fuel purchase:
You can earn a 7.25% value back (equivalent to 25X reward points) on fuel purchases from BPCL fuel stations. You can earn up to 2500 points per month. You can check your monthly earned benefits from the SBI credit card statements. You can download the sbi credit card online statement from the SBI net banking account.
Make travel more comfortable with the sbi card lounge access benefit:
This card gives you free access to domestic visa lounges. You can get up to 4 free accesses per year (maximum 1 visit per quarter). You can click here to find the list of participating lounges. This sbi card airport lounge access offer is applicable only at domestic airports only.
Enjoy freedom from fuel surcharges:
If you use this bpcl credit card for fuel purchase, you will get a 1% waiver on fuel surcharges. This sbi credit card fuel surcharge waiver offer is applicable at all BPCL fuel stations in India. The transaction amount should be within Rs. 4,000 and you can earn a maximum of Rs. 100 waiver in a credit cycle.
Extra benefits on milestone spending:
You can also earn some extra benefits out of your sbi bpcl octane credit card . On spending Rs. 3 lakh within a year, you will get a gift voucher of Rs. 2,000. There are several brands to choose from like – Yatra, Hush Puppies, Bata, Urban Ladder, etc.
Make your card lifetime free using the sbi bpcl octane credit card annual fee waiver option:
On spending Rs. 2 lakh in a year, you will get a complete waiver on your next year’s sbi bpcl octane credit card annual fee. So if you want to make your card lifetime free, you just have to keep spending Rs. 2 lakh per year.
Fraud liability coverage:
To make your life worry-free this card comes with fraud liability coverage of Rs. 1 lakh. Also, if you notice something suspicious with your account, you can block your bpcl petrol card from the SBI credit card mobile app.
Make repayment easier using the balance transfer facility:
SBI allows you to transfer the balance of your other credit cards to this SBI octane credit card, to avoid paying finance charges. You can also pay them back in monthly installments. You should check your sbi bpcl credit card limit before performing a balance transfer.
Pay your utility bills more conveniently with the automatic payment feature:
If you register your sbi octane card with the automatic bill payment facility, all your monthly utility bills will be paid within their due dates. You can enable/disable the automatic bill payment option from your sbi credit card net banking account.
SBI also offers a very convenient bill payment process for its customers. You can pay your credit card bill online from your net banking account or by using any credit card payment app. If you need the sbi credit card ifsc code then you can find it here.
A seamless application process:
The sbi bpcl octane credit card features a seamless application process for its customers, you can apply for this card from the online application portal. You can also submit your sbi credit card application form at your nearby SBI branch. Once your sbi credit card application is submitted successfully, you can track your sbi credit card application status from the SBI card online tracking page.
Contactless payment system:
This SBI bpcl octane card is equipped with an advanced contactless payment facility. This sbi credit card feature allows you to make payment by waving your bpcl sbi octane card over any secure reader machine that accepts contactless payments.
The advanced contactless payment system eliminates the risk of skimming and misplacement of cards. Even if you wave your card multiple times, the Visa security key will ensure that only one payment can go through.
What are the bpcl octane credit card charges?
|BPCL fuel card cash withdrawal charge||2.5% against the withdrawn amount (min Rs. 500). Check your sbi bpcl octane credit card limit before making a withdrawal.|
|SBI petrol card finance charges||The rate of interest on sbi credit card can go up to 3.50% monthly or 42% annually.|
|SBI bpcl card foreign currency conversion charge||3.5% against the transaction amount.|
|SBI octane card add-on card fee||Free for a lifetime.|
How to contact the octane sbi card customer service department?
- Call the sbi bpcl octane card toll-free number: 1860-180-1290 / 022-3902-0202 or 1860-180-7777
- Write to the sbi bpcl credit card email id: firstname.lastname@example.org
Pros and Cons:
As said before, this sbi fuel credit card is one of the best petrol cards in india . It offers reward points that can be used to purchase fuels, lounge access benefits that will make your travels much more luxurious, fuel surcharge waiver, annual fee waiver, etc.
Now the question is whether you should go for this sbi fuel card or not? My suggestion is, if you are looking for a low-cost credit card for fuel-related benefits, then you should go for this card. But if you want a more premium credit card, then I would recommend you take a look at the 100xGain top 10 premium credit card page. You can also compare the alternative card options given below.
Alternative cards of the bpcl sbi octane credit card:
- Indianoil HDFC Bank Credit Card (Best for offering fuel benefits)
- Ola Money SBI Credit Card (Best for offering online cab booking benefits)
- HDFC bank all miles credit card (Best for reward points and fuel surcharge waivers)