BPCL SBI Credit Card OCTANE is a co-branded credit card by Bharat Petroleum Corporation Limited (BPCL) and State Bank of India (SBI). BPCL SBI credit card Octane is one of the best rewarding fuel credit cards with a high reward rate of 7.25%.
Apart from fuel benefits, this card also provides groceries, departmental stores, dining, and entertainment benefits.
Charges & Welcome Bonus of BPCL SBI Credit Card OCTANE
- Joining Fees – Rs.1499
- Annual Fees – Rs.1499
- Annual Fees Waiver – The annual fees can be waived off on annual expenditure of Rs. 2 lakh.
- Welcome Benefit – 6,000 reward points. If the renewal fee is not waived off then you also get 6,000 reward points every time the card membership is renewed.
Rewards of BPCL SBI Credit Card OCTANE
| Spend Category | Reward Points | Return Rate @25 per RP | Max. Cap |
| BPCL Fuel & Lubricants (at Pumps) | 25 RP per Rs 100 | 6.25% | 2500 RP per billing cycle |
| Bharat Gas spends (Website and app only) | 25 RP per Rs 100 | 6.25% | 500 RP per billing cycle |
| Grocery, Departmental Stores, Movie & Dining | 10 RP per Rs 100 | 2.5% | 7500 RP per month |
| Other spends (Except Non-BPCL fuel and wallets uploads) | 1 RP per Rs 100 | 0.25% | NA |
Fuel Rewards
With this credit card, you can enjoy a reward rate of 6.25% on fuel expenses and a 1% fuel surcharge waiver on all BPCL Fuel transactions with maximum transaction value of up to Rs. 4000. The maximum cap of fuel surcharge waiver is Rs. 100 per statement cycle, which can result in an annual savings of Rs. 1200.
Rewards Redemption
- You can purchase the gift vouchers on sbicard.com.
- The reward points can be redeemed against the statement bill of the card by writing an email or calling SBI’s customer care.
- Redeem at BPCL fuel stations.
- 4 Reward Points = Rs. 1.
- The earned reward points expire after 2 years (24 months) from the date of accumulation.
Milestone Rewards
- Get e Gift Vouchers worth Rs. 2,000 on annual spending of Rs. 3 Lakhs, reward rate is 0.67%.
- E-Gift voucher options: Aditya Birla Fashion, Yatra, Hush Puppies, Urban Ladder, and Bata.
Rewards Redemption Fee
- Rs. 99 (plus applicable taxes) per redemption request.
Lounge Access
- You get 4 complimentary domestic airport lounge visits every year (1 per quarter).
Foreign Currency Markup
- The forex transaction fee of 3.5% is relatively higher compared to other credit cards that offer zero forex charges.
FAQs:
#1. What is the validity of earned reward points?
The reward points are valid for a period of 24 months (2 years) from the date of accumulation.
#2. How many reward points can you earn on fuel purchases with BPCL SBI OCTANE card?
You can earn 25 reward points per Rs.100 spent on fuel and lubricants at BPCL pumps, with a maximum cap of 2500 reward points per billing cycle. Additionally, you get a 1% fuel surcharge waiver with maximum transaction value of up to Rs. 4000.
#3. What is the redemption value of reward points?
4 reward points = Rs. 1.
Final Thoughts
If you travel a lot by car or motorbike, the BPCL SBI credit card OCTANE is a value addition to your wallet. With this card, you can earn a 7.25% (6.25% on fuel expenses and 1% fuel surcharge waiver) reward rate on fuel purchases.
