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BPCL SBI Card Octane: High Value-back on Fuel Spends

Home State Bank of India BPCL SBI Card Octane: High Value-back on Fuel Spends

BPCL SBI Card Octane is a premium version of the previously launched co-branded BPCL SBI Card. The card offers a high value back of 7.25% on fuel purchases at selected Bharat Petroleum Gas stations along with accelerated rewards on multiple categories such as groceries, movies, and dining. This card is a suitable option for you if your fuel expenditure makes up a considerable portion of your monthly expenses, specifically at BPCL outlets.

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Updated: 11-11-2024 12:16:55 PM

Key Highlights of BPCL SBI Card Octane
BPCL SBI Octane Credit Card
Best Suited for  Fuel Purchases
Joining Fee Rs. 1,499
Annual Fee Rs. 1,499 (Reversed on spending Rs. 2 lakh in a year)
Welcome Benefit 6,000 bonus reward points worth Rs. 1,500 on the payment of joining fee
Best Feature 7.25% value back on your fuel expenses
Paisabazaar’s Rating ★★★★ (4/5)

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Note: This Card is not available on Paisabazaar.com. The content on this page is for information only. To express interest in this card, please visit  SBI Card’s website.

Video: Quick Review of BPCL SBI Card Octane

Note: Details mentioned in the video have been sourced from the issuer’s website as of September 2024. For updated information, refer to this page.

On this page:

Final Video Icon  Quick View: BPCL SBI Card Octane’s Features (Video)

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BPCL SBI Card Octane: Features & Benefits
BPCL SBI Card Octane: Fees & Charges
BPCL SBI Card Octane: Eligibility & Documentation
Should you get a BPCL SBI Card Octane?
At a Glance: BPCL SBI Card Octane
Compare BPCL SBI Octane with Other Fuel Credit Cards
FAQs

BPCL SBI Card Octane: Features & Benefits

With this card, you can save on multiple categories, including groceries, lifestyle, entertainment and more. However, the maximum benefits are offered only on fuel transactions. Below mentioned are some of the major BPCL SBI Card Octane benefits:

7.25% Value-back on Fuel Purchases

With this credit card, you will get 7.25% value-back i.e. 25X reward points on fuel purchases at BPCL petrol pumps. Here are all the details:

  • 25X reward points = 6.25% reward points + 1% fuel surcharge waiver on every transaction up to Rs. 4,000
  • Maximum 2,500 reward points can be accumulated per billing cycle
  • Maximum surcharge waiver of Rs. 100 in a statement cycle, which is equivalent to an annual savings of Rs. 1,200
  • 1 reward point = Re. 0.25

Up to 25X Reward Points

 You can earn reward points on your transactions as per the below details:

  • 25 reward points on every Rs. 100 spent at BPCL fuel, lubricants & Bharat Gas website and application
  • 10 reward points on every Rs. 100 spent at groceries, departmental stores, movie tickets and dining
  • 1 reward point for every Rs. 100 spent on non-fuel retail purchases, excluding mobile wallet upload & non-BPCL fuel spends
  • 4 reward points = Re. 1 | 1 reward point = Re. 0.25

Suggested read: Best Credit Cards for Reward Points

Welcome Benefits worth Rs. 1,500

6,000 bonus reward points worth Rs. 1,500 on the payment of joining fee. These reward points are credited within 30 days of the payment of joining fee. The reward points can be redeemed instantly against fuel purchases at BPCL.

Find the Credit Card with the Best Benefits for You

Other Benefits

Apart from the above-mentioned benefits, you can also avail the below BPCL SBI Card Octane benefits:

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.

Complimentary Lounge Access: 4 complimentary visits per calendar year to domestic VISA lounges in India (Maximum 1 visit allowed per quarter).

Fraud Liability: Complimentary fraud liability cover of Rs. 1 lakh.

EMI Conversion: Purchases worth Rs. 2,500 or more can be converted into easy EMIs via the Flexipay option.

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BPCL SBI Card Octane: Fees & Charges

Below mentioned are the fees and charges associated with 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.)
Late Payment Charges For Statement Balance

  • Up to Rs. 500: Nil
  • Rs. 500 – 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

To view the most important terms and conditions, click here.

BPCL SBI Card Octane: Eligibility & Documentation

To be eligible for BPCL SBI Card Octane, you are required to meet the following set eligibility criteria:

Criteria Details
Age 21-70 years
Occupation Available to both Salaried and Self-employed
Serviceable Cities Click here for the list of eligible cities
Documents Required Click here for the list of acceptable documents
You are FEW CLICKS AWAY from getting the RIGHT CARD
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Should you get a BPCL SBI Card Octane?

SBI BPCL Octane Credit Card is best suited for you if you 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 value-back on your fuel purchases and benefits from accelerated rewards across categories. 

Since fuel benefit is offered in the form of extra rewards, the more you spend on fuel, the more value-back you will get. However, on non-fuel retail spends, you will get 0.25% value-back, which is a below-average rewards rate. You should consider this card if you largely spend on fuel expenditure on a monthly basis. Your annual fee will also be reversed if you spend Rs. 2 lakh annually.

Not just on fuel, but you can also earn rewards on grocery, dining, shopping, and movie tickets. Complimentary lounge access and milestone privileges are some of the additional benefits which can be availed. Listed below are some of the pros and cons of this credit card:

Pros Cons
25X reward points on fuel purchases at BPCL Fuel benefits are limited to BPCL pumps only
Multi-faceted reward points across dining, movies, groceries and departmental stores Fuel surcharge waiver is capped at Rs. 100 per month
4 complimentary lounge visits per calendar year Low rewards rate on other retail spends

Also read: Best Fuel Credit Cards in India | Best Credit Cards For Free Domestic Airport Lounge Access

credit card offers

Compare BPCL SBI Octane with Other Fuel Credit Cards

ICICI HPCL Super Saver Credit Card

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3.5/5

Joining fee: ₹500

Annual/Renewal Fee: ₹500

Up to 6.5% savings on HPCL fuel spends

5% back on grocery & utilities

Fuel
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Product Details

  • 4% cashback, max. Rs. 200 per month, on HPCL spends & 1% on fuel surcharge
  • Save additional 1.5% as 6 reward points per Rs. 100 spent on HPCL fuel via the HP Pay app
  • 2 reward points per Rs. 100 spent on other retail purchases, 1 RP = Rs. 0.25
  • Rs. 100 cashback on recharge via HP Pay app & 2,000 reward points as joining bonus
  • 1 domestic airport lounge access per quarter on spending Rs. 35,000 in the previous quarter
Know More

IndianOil Axis Bank Credit Card

indianoil-credit-card
3/5

Joining fee: ₹500

Annual/Renewal Fee: ₹500

Save up to 5% on IOCL fuel spends

1% back as 5 EDGE reward points per Rs. 100 spent on online shopping

Co-branded
Fuel
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Product Details

  • 4% back as 20 EDGE reward points per Rs. 100 spent on IOCL fuel
  • 1% fuel surcharge waiver of up to Rs. 50 per month on fuel spends of Rs. 400 to Rs. 4,000
  • 1 EDGE reward point per Rs. 100 spent on other spends, 1 EDGE reward point = Rs. 0.20
  • 100% cashback, up to Rs. 250, as EDGE rewards on the 1st fuel spend made within the 1st 30 days
  • Annual fee waived off on Rs. 3.5 lakh annual spends and up to 15% off on dining via EazyDiner
Know More

ICICI Bank HPCL Coral Credit Card

icici-bank-hpcl-coral-visa-credit-cards
3/5

Joining fee: ₹199

Annual/Renewal Fee: ₹199

Up to 3.5% savings on HPCL fuel spends

25% off up to Rs. 100 per transaction on BookMyShow movie tickets

Fuel
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Product Details

  • 2.5% cashback, up to Rs. 100 per month, on HPCL spends of min. Rs. 500
  • 1% surcharge waiver on HPCL fuel spends worth up to Rs. 4,000 per transaction
  • 2 ICICI bank rewards points per Rs. 100 retail spend, except fuel
  • 15% off on dining via ICICI Bank Culinary Treats program
  • Annual fee reversed on Rs. 50,000 annual card spends
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IDFC FIRST Power+ Credit Card

hpcl-idfc-first-power-and-power-plus-credit-cards
3.5/5

Joining fee: ₹499

Annual/Renewal Fee: ₹499

Up to 6.5% value-back on HPCL fuel spends

30 rewards per Rs. 150 spent on grocery, utilities & IDFC FIRST FASTag

Co-branded
Reward Points
Fuel
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Product Details

  • 5% savings as 30 rewards per Rs. 150 spent on HPCL fuel & LPG
  • 1.5% savings as 6 Happy Coins per Rs. 100 spent on HP Pay app
  • 3 rewards per Rs. 150 spent on UPI & other purchases, 1 RP = Rs. 0.25
  • 1 complimentary domestic airport lounge access per quarter on min. monthly spends of Rs. 20,000
  • 25% off, up to Rs. 100, on movie tickets once per month & annual fee waived on Rs. 1.5 lakh annual spends
Know More

IndianOil Kotak Credit Card

indianoil-kotak-credit-card
3/5

Joining fee: ₹449

Annual/Renewal Fee: ₹449

Up to 5% savings on card spends made on IndianOil fuel

2% back as 12 reward points per Rs. 150 dining and grocery spend

Co-branded
Fuel
Check Eligibility

Product Details

  • Save 4% as 24 reward points per Rs. 150 IndianOil fuel spend
  • 1% fuel surcharge waiver of up to Rs. 100 per month on IOCL fuel spends between Rs. 100 to Rs. 5,000
  • 3 reward points per Rs. 150 spent on others; 1,000 reward points on making a spend of min. Rs. 500 in the 1st month
  • 300 Reward Points = 250 IndianOil XTRAREWARDS = Rs. 75 (1 RP = Rs. 0.25; 1 XTRAREWARDS = Rs. 0.30)
  • Annual fee waived off on Rs. 50,000 annual spends
Know More

FAQs

Q. How can I apply for BPCL SBI Card Octane?

A. You can apply for this credit card through both online and offline modes. To apply online, you can visit the official website of the SBI Card and fill out an application form. Besides this, you can also visit the nearest branch of the bank and contact an executive regarding the application process. However, in both cases, you need to submit relevant documents to avail this credit card.

Q. How can I redeem reward points on my BPCL SBI Card Octane?

A. You can redeem your earned reward points via online and offline methods. To redeem your SBI reward points online, you can visit the SBI Card portal and log in using your customer ID and password. After that, you will get an option for ‘Rewards Catalogue’, click on that and process the redemption. You can also follow the same process with SBI Card mobile app to redeem your reward points. Click here to know the detailed steps for the redemption. 

Q. How can I check my BPCL SBI Octane Card application status?

A. Usually, the bank keeps you updated regarding your application status by sending a text to your registered mobile number. If you haven’t received any information from the bank, you can also track your application status through its official website by using your application number. You can also call on the customer care number and ask the representative about your application status. To know the detailed process, click here.

Q. Do I get a fuel surcharge waiver with SBI BPCL Octane Credit Card?

A. Yes, SBI BPCL Octane Credit Card gives a 1% fuel surcharge waiver across all BPCL fuel stations on your transactions of up to Rs. 4,000. However, you can avail a maximum waiver of Rs. 100 in a statement cycle. 

Q. What is the credit limit offered on BPCL SBI Octane Card?

A. The bank discloses your credit limit after scrutinizing your application. The credit limit depends on various factors, such as credit score, annual income, repayment capacity and more. Therefore, you will get to know about your credit limit only after successful verification.

Q. How can I pay my BPCL SBI Octane Card bill?

A. The bank allows you to pay your credit card bills via online as well as offline ways. To pay your bill online, you can use facilities like NEFT/ RTGS, PayNet, UPI, mobile banking, NACH and mobile app. Besides this, you can also pay your SBI Credit Card bill offline through cheque or cash by visiting any of the nearest branches.

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