The BPCL SBI Credit Card is designed specifically for individuals who frequently refuel at Bharat Petroleum Corporation Limited (BPCL) stations. This card offers valuable savings through high reward points on fuel transactions, making it ideal for those looking to reduce their fuel expenses. Additionally, the card provides benefits such as fuel surcharge waivers and rewards on categories like groceries, dining, and utility bill payments. With a reasonable annual fee and lucrative reward structure, the BPCL SBI Credit Card caters to the needs of everyday consumers who want to maximize their savings on fuel and other daily expenditures.
Overview
| Feature | Details |
|---|---|
| Card Type | Fuel and Cashback Credit Card |
| Reward Rate | 4.25% value back on fuel purchases at BPCL outlets |
| Reward Value | 1 reward point ≈ ₹0.25 |
| Annual Fee | ₹499 + GST (waived on spending ₹50,000 annually) |
| Unique Selling Points | High rewards on fuel purchases, fuel surcharge waiver, accelerated rewards on dining and groceries |
| Rating (out of 5) | 4.5 |
BPCL SBI Credit Card Charges
| Fee Type | Details |
|---|---|
| Joining Fee | ₹499 + GST |
| Renewal Fee | ₹499 + GST (waived on spending ₹50,000 annually) |
| Finance Charges | 3.35% per month (40.2% 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 Credit Card 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 big purchases into easy monthly installments.
Welcome Benefits
| Welcome Benefit | Details |
|---|---|
| Cashback Offer | 2,000 bonus reward points on payment of joining fee and first purchase |
Rewards
| Spend Category | Reward Rate |
|---|---|
| Fuel Purchases at BPCL | 4.25% value back |
| Grocery and Dining | 10 reward points per ₹100 spent |
| Utility Bill Payments | 1 reward point 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 ₹50,000 | Annual fee waiver |
Redemption
Reward points can be redeemed for:
- Fuel: Use points directly to pay for fuel at BPCL stations.
- Gift Vouchers: Redeem points for shopping vouchers from leading 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 | Not available |
| International Lounges | Not available |
Forex Markup Fee
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST on all international transactions |
BPCL SBI Credit Card Eligibility
To apply for the BPCL SBI Credit Card, 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 Credit Card Review
The BPCL SBI Credit Card is an excellent option for individuals who frequently spend on fuel and want to maximize their savings. With a high reward rate on fuel purchases, a fuel surcharge waiver, and benefits on grocery and dining spends, this card offers comprehensive rewards. The annual fee is low and can be waived by meeting the spending criteria, making it cost-effective. The various reward redemption options, including direct payment for fuel, add to the card’s convenience for everyday use.
Overall Rating: 4.5
- Benefits: 4.7
- Fees: 4.3
- Customer Service: 4.4
Pros and Cons
| Pros | Cons |
|---|---|
| High rewards on fuel purchases. | No airport lounge access. |
| Annual fee waiver on meeting spend criteria. | High foreign transaction fee. |
| Fuel surcharge waiver. | Limited rewards on non-fuel transactions. |
Similar Cards to BPCL SBI Credit Card
| Feature | BPCL SBI Credit Card | HPCL BoB ENERGIE Credit Card | Indian Oil HDFC Bank Credit Card |
|---|---|---|---|
| Annual Fee | ₹499 + GST | ₹499 + GST | ₹500 + GST |
| Lounge Access | Not available | Not available | Limited domestic access |
| Reward Rate | 4.25% value back on fuel | Up to 24 points per ₹150 spent | 5% cashback on Indian Oil fuel |
| Reward Value | 1 point ≈ ₹0.25 | 1 point ≈ ₹0.25 | 1 point ≈ ₹0.20 |
| Special Benefits | High rewards on fuel, milestone benefits | High rewards on fuel, dining, groceries | High cashback on fuel, surcharge waiver |
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 Credit Card?
The annual fee is ₹499 + GST, which is waived upon spending ₹50,000 annually.
How can I earn reward points with the BPCL SBI Credit Card?
You can earn 4.25% value back on fuel purchases at BPCL fuel stations.
How can I redeem the reward points earned with the BPCL SBI Credit Card?
Reward points can be redeemed for fuel at BPCL stations, gift vouchers, or cashback.
Does the BPCL SBI Credit Card 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 Credit Card?
The card offers an annual fee waiver upon spending ₹50,000 in a year.
Is the BPCL SBI Credit Card worth it for frequent fuel buyers?
Absolutely. With high rewards on fuel purchases, a fuel surcharge waiver, and reasonable fees, this card provides excellent value for those who regularly spend on fuel.
