The BPCL SBI Card Octane, launched by SBI Card in late 2020, has quickly become one of the most popular fuel credit cards, particularly for users who frequently refuel at Bharat Petroleum (BPCL) fuel stations. This card is an enhanced version of the BPCL SBI Credit Card and offers significantly higher rewards, though it comes with a higher annual fee of ₹1,499 compared to the standard variant’s ₹499 fee.
One of the standout features of the BPCL SBI Card Octane is its 7.25% value back on fuel purchases at BPCL stations. This includes a 6.25% return in reward points (25X Reward Points) and an additional 1% fuel surcharge waiver, allowing users to save significantly on their fuel expenses.
The card also rewards users with 10X reward points on dining and movie spends, making it versatile for other everyday spending categories. For frequent travelers, the card provides 4 complimentary domestic airport lounge accesses per year (with a limit of 1 per quarter), a rare benefit for a card in this fee range.
These features make the BPCL SBI Card Octane a top choice for individuals who frequently travel by car or motorbike. The card offers one of the best fuel reward rates in the market, not only on BPCL fuel spends but also at non-BPCL fuel stations (thanks to the 1% surcharge waiver).
To learn more about its detailed features and benefits, continue reading the comprehensive review of the BPCL SBI Card Octane.
Overview
| Feature | Details |
|---|---|
| Card Type | Fuel and Cashback Credit Card |
| Reward Rate | 25 reward points per ₹100 spent at BPCL fuel stations |
| Reward Value | 1 reward point ≈ ₹0.25 |
| Annual Fee | ₹1,499 + GST |
| Unique Selling Points | High rewards on fuel purchases, fuel surcharge waiver, accelerated rewards on other categories |
| Rating (out of 5) | 4.7 |
BPCL SBI Card Octane Charges
| Fee Type | Details |
|---|---|
| Joining Fee | ₹1,499 + GST |
| Renewal Fee | ₹1,499 + GST (waived on spending ₹2,00,000 annually) |
| Finance Charges | 3.5% per month (42% per annum) |
| Late Payment Fee | ₹400 to ₹1,300 based on the outstanding balance |
| Foreign Transaction Fee | 3.5% + GST |
| Rent Payment | 1% fee using third-party apps like CRED, Paytm |
| Education | 1% fee using third-party apps |
| Utilities | No additional charges |
BPCL SBI Card Octane Benefits
This card provides various benefits:
- Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between ₹500 to ₹4,000 at BPCL fuel stations.
- Interest-Free Credit: Up to 50 days of interest-free credit from the date of purchase.
- EMI Options: Convert large purchases into easy monthly installments.
Welcome Benefits
| Welcome Benefit | Details |
|---|---|
| Reward Points | 6,000 reward points on payment of joining fee and spending ₹10,000 in the first 60 days |
Rewards
| Spend Category | Reward Rate |
|---|---|
| Fuel Purchases at BPCL | 25 reward points per ₹100 spent |
| Dining and Groceries | 10 reward points per ₹100 spent |
| Utility Bill Payments | 5 reward points per ₹100 spent |
| All Other Spends | 1 reward point per ₹100 spent |
| Reward Value | 1 point ≈ ₹0.25 |
| Rewards Expire in | 2 years |
Milestone Benefits
| Spending Milestone | Reward Earned |
|---|---|
| Annual Spend of ₹2,00,000 | Renewal fee waiver |
Redemption
Reward points can be redeemed for:
- Fuel: Directly pay for fuel at BPCL stations using earned points.
- Gift Vouchers: Redeem points for vouchers from popular brands.
- Cashback: Convert points into statement credit.
Gift Vouchers Available
| Category | Brands |
|---|---|
| Shopping | Amazon, Flipkart |
| Electronics | Croma |
| Travel | MakeMyTrip, Cleartrip |
| Dining | Zomato, Swiggy |
| Entertainment | BookMyShow |
Airport Lounge Access
| Access Type | Details |
|---|---|
| Domestic Lounges | Limited access available |
| International Lounges | Not available |
Forex Markup Fee
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST on all international transactions |
BPCL SBI Card Octane Eligibility
To apply for the BPCL SBI Card Octane, applicants must meet the following criteria:
- Age: 18 to 70 years
- Income: Stable income required
- Documents Required: Aadhar Card, PAN Card, proof of income (latest bank statements/salary slips, ITR), and residence proof.
BPCL SBI Card Octane Review
The BPCL SBI Card Octane is an excellent choice for individuals who frequently spend on fuel and want to maximize their savings. With a high reward rate on fuel purchases, fuel surcharge waivers, and additional benefits for dining and groceries, this card offers comprehensive rewards. The annual fee is justified by the welcome benefits and the potential for high rewards on regular usage. The ability to redeem points directly for fuel or other rewards makes this card a practical option for everyday use.
Overall Rating: 4.7
- Benefits: 4.8
- Fees: 4.5
- Customer Service: 4.6
Pros and Cons
| Pros | Cons |
|---|---|
| High rewards on fuel purchases. | Limited airport lounge access. |
| Fuel surcharge waiver. | High foreign transaction fee. |
| Welcome bonus and milestone benefits. | Annual fee applicable if spend criteria not met. |
Similar Cards to BPCL SBI Card Octane
| Feature | BPCL SBI Card Octane | Indian Oil Axis Bank RuPay Credit Card | ICICI HPCL Super Saver Credit Card |
|---|---|---|---|
| Annual Fee | ₹1,499 + GST | ₹500 + GST | ₹500 + GST |
| Lounge Access | Limited domestic access | Limited domestic access | Not available |
| Reward Rate | 25 points per ₹100 spent at BPCL | 4 points per ₹100 spent at Indian Oil | 5% cashback on HPCL fuel |
| Reward Value | 1 point ≈ ₹0.25 | 1 point ≈ ₹0.20 | Cashback credited as statement credit |
| Special Benefits | High rewards on fuel, milestone benefits | High rewards on fuel, RuPay offers | High cashback on fuel purchases |
Relevant Links
To help our readers navigate our website and find additional relevant content, here are some internal links you might find useful:
For more detailed information about SBI credit cards and other financial products, you can visit the official SBI Card website.
FAQ
What is the annual fee for the BPCL SBI Card Octane?
The annual fee is ₹1,499 + GST, which is waived upon spending ₹2,00,000 annually.
How can I earn reward points with the BPCL SBI Card Octane?
You can earn 25 reward points per ₹100 spent on fuel purchases at BPCL fuel stations.
How can I redeem the reward points earned with the BPCL SBI Card Octane?
Reward points can be redeemed for fuel at BPCL stations, gift vouchers, or cashback.
Does the BPCL SBI Card Octane offer any fuel benefits?
Yes, the card offers a 1% fuel surcharge waiver on transactions between ₹500 to ₹4,000 at BPCL outlets.
What are the milestone benefits of the BPCL SBI Card Octane?
The card offers an annual fee waiver upon spending ₹2,00,000 in a year.
Is the BPCL SBI Card Octane worth it for frequent fuel buyers?
Absolutely. With high rewards on fuel purchases, fuel surcharge waiver, and valuable welcome benefits, this card provides excellent value for those who regularly spend on fuel.
