BPCL SBI Card Octane
Co-branded
Fuel
1st Year Fee: ₹1,499* Plus Applicable Taxes
Fuel
Up to 7.25% value back on fuel spends
Rewards
10X rewards on day-to-day spends
Lounge Access
Complimentary domestic lounge access
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About BPCL SBI Card Octane
BPCL SBI Octane is a co-branded credit card and a premium variant of the BPCL SBI Card. It offers a value back of 7.25% on fuel purchases made at Bharat Petroleum outlets, along with accelerated rewards on categories such as groceries, movies, and dining. This card is an excellent choice if a significant portion of your monthly expenses is on fuel, specifically at BPCL outlets.
Cardholders can earn 25X reward points (25 points per Rs. 100 spent) on fuel purchases at BPCL, in addition to a fuel surcharge waiver of up to Rs. 100 per month. Beyond fuel, the card offers 10X reward points on groceries, departmental stores, movie tickets, and dining, covering major day-to-day spending categories. The accumulated reward points can be redeemed against fuel purchases at BPCL at a value of 1 RP = Rs. 0.25.
Quick Check: Fuel Credit Cards In India
Fuel & Reward Benefits
With this credit card, you will get 7.25% value-back on fuel spends as per the below details:
- 6.25% value back through 25 reward points on every Rs. 100 spent at BPCL fuel, lubricants & Bharat Gas website and application, up to 2,500 points in a month
- 1% value back through fuel surcharge waiver on fuel spends of up to Rs. 4,000, capped at Rs. 100 every month
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Rewards on Other Spends
- 10 reward points on every Rs. 100 spent at groceries, departmental stores, movie tickets and dining, up to 7,500 points per month
Quick Read: Lifetime free credit cards with no annual fee
Other Features & Benefits
Welcome Benefit: 6,000 bonus reward points worth Rs. 1,500 on the payment of joining fee.
Milestone Benefit: E-gift voucher worth Rs. 2,000 from Aditya Birla Fashion/ Yatra/ Hush Puppies/ Bata on annual spends of Rs. 3 Lakh.
Renewal Fee Reversal: Annual fee reversal on spending Rs. 2 Lakh in a year.
Lounge Access: 4 complimentary domestic lounge visits every year (Maximum 1 visit per quarter).
Quick Read: Lounge Access Credit Cards
Fraud Liability: Complimentary fraud liability cover of Rs. 1 Lakh.
BPCL SBI Card Octane: Fees & Charges
| Fee Type | Amount | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Rs. 1,499 | ||||||||||||
| Annual Fee | Rs. 1,499 | ||||||||||||
| Finance Charges | 3.50% p.m. (42% p.a.) | ||||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get this card if:
You frequently refuel at BPCL outlets and want to maximize savings on fuel spends
Your monthly fuel expenses are significant, making the 25X reward points and surcharge waiver highly beneficial
You spend regularly on groceries, dining, and movies to earn 10X reward points on these categories
You prefer redeeming rewards for fuel spends at BPCL outlets
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What do we like about this card?
BPCL SBI Card Octane offers up to 7.25% value back on fuel spends at BPCL in the form of reward points and a fuel surcharge waiver. In addition to fuel, the card also offers accelerated rewards on day-to-day spends such as groceries, departmental stores, dining, and movies, making it a suitable option for everyday expenses. Additionally, cardholders can redeem accumulated reward points for fuel purchases at BPCL, helping them save on fuel expenses.
Pros
- 25X reward points on fuel purchases at BPCL
- 10X reward points across dining, movies, groceries and departmental stores
- Complimentary domestic lounge visits every year
- 6,000 bonus reward points worth the joining fee
Cons
- Fuel benefits are limited to BPCL outlets only
- Fuel surcharge waiver is capped at Rs. 100 per month
- Low reward rate on other retail spends
- Low reward redemption value of 1 RP = Rs. 0.25
Conclusion
SBI BPCL Octane Credit Card is best suited for those who prefer Bharat Petroleum over other fuel providers. It comes with an annual fee of Rs. 1,499, which is justified if you want to receive a higher value back on fuel purchases and benefits from accelerated rewards across multiple categories. Since fuel benefit is offered in the form of extra rewards, the more you spend on fuel, the higher the value back you will receive. However, for non-fuel retail spends, the card offers only 0.25% value back, which is below average compared to other credit cards. This card is ideal if you largely spend on fuel on a monthly basis.
Frequently Asked Questions
Everything you need to know about this credit card
BPCL SBI Card Octane offers 4 complimentary visits to domestic airport lounges every year, capped at 1 visit in every calendar quarter.
BPCL SBI Octane offers an annual card fee reversal benefit on reaching Rs. 2 lakh annual card spends and an e-gift voucher worth Rs. 2,000 from Aditya Birla Fashion/ Yatra/ Hush Puppies/ Bata on reaching the annual spends threshold of Rs. 3 lakh.
The assigned credit limit of credit cards can vary for each cardholder as it is dependent on the card user\'s income, credit score, credit history and other factors.
You can redeem your accrued reward points against future fuel purchases at eligible BPCL fuel outlets, where the value of each reward point will be equal to Rs. 0.25.
Footnotes
- No reward points are offered on mobile wallet upload & non-BPCL fuel spends.
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Shruti Sharma
Shruti Sharma is a skilled content writer with a passion for simplifying personal finance for consumers. Specializing in credit cards and financial planning, she offers valuable insights that empower individuals to make informed financial choices. Through her writing, she shares practical tips and guides readers through the nuances of credit card usage.
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