SBI Card launched BPCL SBI Card Octane in December 2020. It is an upgraded version of the BPCL SBI Credit Card. While the Octane variant does offer better rewards and offers, it also carries a much higher annual fee of Rs. 1,499,, whereas the other variant had a fee of only Rs. 499. BPCL SBI Card Octane gives you a 7.25% value back on fuel purchases at Bharat Petroleum fuel stations: 6.25% as reward points (25x reward rate), along with a 1% fuel surcharge waiver.
BPCL-SBI co-branded Credit Card and its Premium variant, Octane, maximize savings on fuel spends, besides rewards on spends at dining, departmental stores, grocery & movies, as well as, on other retail purchases. Together, these credit cards which offer the best value proposition in the category with unparalleled customer convenience, has crossed a 2 million customer base since launch, becoming one of the fast growing co-branded credit cards in India.
BPCL SBI card OCTANE offers a whopping 7.25% Value back (including 1% surcharge waiver) on fuel and lubricant spends at over 20000 BPCL fuel stations and an unbeatable 6.25% value back on Bharatgas spends through website and mobile app. It also bundles in accelerated savings on other regular spends categories, including, departmental store & grocery, dining and movies and much more.
Fees & Charges :
Joining Fee : Rs. 1,499 + GST
Renewal Fee : Rs. 1,499 + GST
Best Suited For : Fuel
Reward Type : Reward Points
Welcome Benefits : 6,000 bonus reward points worth Rs. 1500
Key Features of the BPCL SBI Card OCTANE
- Welcome benefits of 6,000 reward points.
- Get value-back benefits of up to 7.25% reward points on fuel purchases at BPCL petrol pumps.
- 25X reward points at BPCL stations with reward points of 2,500 per statement cycle.
- 4 complimentary lounge visits at domestic airports.
- Complimentary fraud liability cover of Rs.1 lakh.
Movie & Dining
10x reward points for every Rs. 100 you spend on dining and movie tickets.
Rewards Rate
25 reward points for every Rs. 100 spends at BPCL fuel stations (reward rate = 6.25%), 10 RPs for every Rs. 100 spends on groceries, departmental stores, and movie ticket purchases (reward rate = 2.5%), and 1 reward point for every Rs. 100 spent for all other expenditures (reward rate = 0.25%) except mobile wallet uploads and fuel purchases at non-BPCL stations.
Reward Redemption
Redeem reward points for gift vouchers on sbicard.com or on SBI mobile app, for transactions at BPCL petrol stations, and against card’s statement balance. 4 reward points = Rs. 1
Card Details summary :
- Get 6,000 Bonus RPs on the realization of the annual membership fee as a welcome benefit.
- 25 reward points on spending Rs. 100 for fuel purchases at BPCL refill stations (maximum 2,500 reward points per month).
- 10 reward points per Rs. 100 spent on groceries, departmental stores and movie ticket purchases (maximum 7,500 reward points per month).
- 1 reward point per Rs. 100 you spend on other retail purchases, except mobile wallet uploads and expenditures on non-BPCL fuel stations.
- 1% fuel surcharge waived on all petrol transactions up to Rs. 4,000.
- 4 complimentary access to domestic lounges annualy (1 per quarter).
- Gift Vouchers worth Rs 2,000 from Aditya Birla Fashion or Yatra or Urban Ladder or Hush Puppies or Bata on annual expenditure of Rs. 3,00,000 or above.
- Renewal fee waived off if Rs. 2,00,000 were spent in the last year.
- Complimentary Fraud Liability cover of Rs. 1 Lakh
Pros
- Welcome benefit of 6,000 Reward Points worth Rs 1500
- Enjoy 10 Reward Points on spend of Rs. 100 at dining, movies and departmental stores.
Cons
- There is a reward redemption fee of Rs. 99.
- No insurance benefits are included with this account.
