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BPCL SBI Card OCTANE(2022) Review-A great choice for frequent fuel buyers!



BPCL SBI Card OCTANE(2022) Review-A great choice for frequent fuel buyers!

BPCL SBI Octane Card is one of the best co-branded credit cards. This is the premium version of the already launched co-branded BPCL SBI Card. With this card, you will get 7.25% cashback on fuel purchases at select Bharat Petroleum Gas Stations. Additionally, the card offers 10X instant rewards across multiple categories like groceries, movies, dining, etc. Let us know more about the features and benefits of BPCL SBI Octane Credit Card.

This article is for your information only. You can apply for this card by visiting the SBI Bank website.

 BPCL SBI Card Octane
Annual fee₹1,499
Suitable forFuel purchase and rewards
Main feature7.25% cashback on fuel purchase
Welcome benefit6,000 Bonus Reward Points worth ₹1,500
Extra reward benefits25 times reward points on fuel purchase at BPCL Petrol Pump
1 reward point for every ₹100 spent excluding fuel
Money market rating★★★★ (4/5)

The features and benefits of this card are as follows:

Value-Back on Fuel Purchases: With this card, users can get 7.25% Value-Back i.e. 25 times reward points on fuel purchases from BPCL Petrol Pumps. More details are given below:

  • 25x Reward Points = 6.25% Reward Points + Rs.4,000 every time. 1% fuel surcharge waiver on every transaction up to Rs.
  • Up to 2,500 Reward Points can be earned in one billing cycle
  • Maximum surcharge exemption of Rs 100 in one statement cycle which is equivalent to an annual savings of Rs 1,000.
  • 1 reward point = 0.25 Rs.
Reward Points Program: You can avail the Reward Points Program as per the information given below:

  • 100 per 100 on BPCL Fuels, Lubricants and Bharat Gas website and application. 25 reward points on spend.
  • Rs.100 off on groceries, departmental stores, movie tickets and dining. 10 reward points for spending.
  • 100 per non-fuel retail purchase excluding mobile wallet upload and non-BPCL fuel related charges. 1 reward point for spending.
  • 4 reward points = 1 Rs. , 1 reward point = Rs.0.25.
Welcome Benefit: 6,000 bonus reward points worth Rs 1,500 on payment of joining fee. These reward points are credited within 30 days of payment of joining fee. Reward points can be redeemed/utilized instantly on purchase of fuel in BPCL.

Milestone Benefits: With a minimum annual spend of Rs 3 lakh, users can get e-gift vouchers worth Rs 2,000 from Aditya Birla Fashion / Travel / Urban Ladder / Hush Puppy / Bata. ,

Reversed renewal fee: Rs 2 lakh in a year to avail this. To spend

Additional Benefits: Apart from the above mentioned benefits you can also get the following benefits:

  • 4 complimentary visits to domestic Visa lounges in India every year (maximum 1 visit allowed every three months)
  • Supplemental fraud liability cover of Rs. 1 Lac.
  • 2 lakh in a year. Exemption in fee payment for next year on expenditure or more.
  • Instant reward redemption at select BPCL petrol pumps
  • Contactless transaction can also be done with SBI BPCL credit card
  • This card can be used to pay electricity, telephone, mobile and other utility bills
  • The BPCL SBI Card is accepted internationally at over 24 million outlets across the globe, which includes over 3.5 lakh outlets in India.
  • 2,500 through Flexipay option. Purchases of Rs. or more can be converted into EMI
  • You can redeem/use your Reward Points on the Shop & Smile Rewards Catalog.

BPCL SBI Octane Card – Fees and Charges

Joining fee₹1,499
Renewal fee₹1,499 (waived on spending ₹2 lakh annually)
Finance charge3.50% per month (42% per annum)
Late payment feefor statement balance
Up to ₹500: Nil
₹500 – ₹1,000: ₹ 400
₹1,001 – ₹10,000: ₹ 750
₹10,001 – ₹25,000: ₹950
₹25,001 – ₹50,000: ₹1,100
₹50,001 and above: ₹1,300

BPCL SBI Octane Card- Pros and Cons

The gainLoss
25 times reward points on fuel purchase at BPCL Petrol PumpBenefits available on fuel purchase limited to BPCL petrol pump only
Reward Points at Dining, Movie, Grocery, and Departmental StoresFuel surcharge waiver of only ₹ 100 per month
4 complimentary lounge visits per yearLower reward rates on other retail-related expenses

Should you apply for BPCL SBI Octane Card?

SBI BPCL Octane Credit Card is best suited for individuals who purchase most of their fuel from Bharat Petroleum. The card manages your annual fee of Rs 1,499, which includes cashback on fuel purchases, reward points across categories and attractive welcome benefits.

The fuel benefit is given as an additional reward, the more you spend on buying fuel, the more cashback you will get. However, you will get 0.25% cashback on retail spend other than fuel, which is a below average reward rate. If you spend a lot on fuel, you should consider getting this card. If you spend Rs 2 lakh annually then your annual fee will be refunded.

With this card, you can get rewards not only on fuel but also on grocery, food, shopping and movie tickets. In addition, complimentary lounge access and milestone privileges can be availed.

BPCL SBI Octane Card – Eligibility Conditions & Documents

An applicant must fulfill the following conditions for this card:

Eligibility conditionsDescription
professionsalaried and non-employed
Age18-60 years
City where the card is available Click here  for a list of eligible cities

Valid proof of identity, address and income will also be required along with the duly filled application form. The list of required documents is given below.

D proofPAN Card, Aadhar Card, Driving License, Passport, Voter ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job Card issued by NREGA, Letter issued by UIDAI
address proofAadhar Card, Driving License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job Card issued by NREGA, Bank Account Statement
income proofRecent 1 or 2 salary slips (not older than 3 months), latest Form 16, last 3 months bank statement

How to Apply for BPCL SBI Octane Card

BPCL SBI Card Octane is currently not available on our platform. Those who wish to apply for the card can either visit the official website of SBI or apply by visiting the nearest branch.

Other Cards Similar to BPCL SBI Octane Card

Fuel credit cardAnnual feeFeatures
BPCL SBI Credit Card₹499 4.25% value back on purchase of fuel from BPCL stations, 1 reward point for every ₹100 spent on purchases other than fuel
Indian Oil Citi Credit Card₹1,0002.5% fuel surcharge waiver across all Indian Oil outlets, up to 4 Turbo Points per ₹150 spent
Standard Chartered Super Value Titanium Credit Card₹7505% cashback on all petrol pumps spent
ICICI Bank HPCL Super Saver Credit Card₹5004% cashback on all fuel expenses at HPCL fuel pump

Related FAQ

Question. How to Check BPCL SBI Octane Card Application Status?Q

Answer: To check the application status of your BPCL Octane SBI Credit Card, you can visit the "SBI Track Your Application" page and enter the Application/Reference Number.

Question. Is BPCL SBI Octane Card accepted abroad also?

Answer: Yes, the BPCL SBI Octane Card is accepted at over 24 million Visa outlets across the globe.

Question. Do I get fuel surcharge waiver under SBI BPCL Octane Credit Card?

Answer: Yes, there is a fuel surcharge waiver of 1% on every transaction under SBI BPCL Octane Credit Card. A maximum surcharge waiver of Rs 100 can be availed in a statement cycle, which is equivalent to an annual savings of Rs 1,200.

Question. What is the cash advance limit for BPCL SBI Octane Card?

Answer: The cash advance limit for SBI BPCL Octane Credit Card is up to 80% of the credit limit i.e. a maximum of Rs 12,000. Happens per day.

Question. Are there any Instant Reward Points program under BPCL SBI Octane Card?

Answer: BPCL credit cardholders can get 10X reward points per Rs 100 spent on groceries, department stores, movie tickets and dining. Also, a discount of Rs.100 for every retail purchase other than fuel. 1 reward point is given for spending.

Question. Can I transfer my balance to another bank's credit card?

Answer: Yes, BPCL offers SBI Octane card balance transfer through which you can transfer your balance from any other bank's credit card.

Also read: 10 Big Credit Card New Charges 2022 

Also read: Amex Platinum New Gas Discount card



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