BPCL SBI Card Octane – Benefits, Features, Fees & Charges

Fuel costs have been observed to have increased in the past ten years of studies, and thus, proper utilisation of available funds when purchasing necessities is crucial. Intended to meet the requirements of today’s choosy guests, the BPCL SBI Card Octane turns a regular trip to the pump into a proverbial feel-good factor. This means that consumers could potentially gain as much as 25 times the reward points for every ₹100 spent at the petrol pumps under BPCL. 

In addition, this is supported by attractive welcome gifts such as an initial starting balance of 6,000 reward points that any member receives after making the joining fee payment to the card, creating the value creation from the initial moment.

In addition to the obvious fuel savings: the card accomplishes its secondary goal of being productive for people with different spending profiles – the points earned at dining, grocery stores, and movie theaters are boosted. This way one swipe will add points toward the purchase, which can be spent not only on fueling a car but also on other various lifestyle rewards meeting modern client demand.

BPCL SBI Card Octane Credit Card: Feed and Charges

Fee Type	Amount
Joining Fee	₹1,499
Renewal Fee	₹1,499 (Waived on annual spends over ₹2 lakh)
Interest Rate	3.5% per month (42% per annum)
Cash Advance Fee	2.5% of the amount (minimum ₹500)
Late Payment Fee	➡ ₹0 for statement balance up to ₹500 ➡ ₹400 for ₹501 to ₹1,000 ➡ ₹750 for ₹1,001 to ₹10,000 ➡ ₹950 for ₹10,001 to ₹25,000 ➡ ₹1,100 for ₹25,001 to ₹50,000 ➡ ₹1,300 for over ₹50,000
Overlimit Fee	2.5% of the over-limit amount (minimum ₹600)
Foreign Currency Markup	3.5%
Card Replacement Fee	₹100

Rewards and Benefits

Category	Benefits
Value-back Benefits	➡ 7.25% value back on fuel purchases at BPCL petrol pumps. ➡ Up to 25X reward points on BPCL fuel purchases. ➡ 6.25% value back plus 1% fuel surcharge waiver. ➡ Maximum of 2,500 reward points per month.
Reward Point Benefits	➡ 25 reward points for every ₹100 spent on fuel at BPCL petrol pumps. ➡ 10 reward points for every ₹100 spent on dining, movies, groceries, and departmental stores. ➡ 1 reward point for every ₹100 spent on other categories.
Fuel Surcharge Benefits	1% fuel surcharge waiver on BPCL transactions between ₹500 and ₹4,000
Travel Benefits	4 complimentary airport lounge visits per year
Milestone Benefits	➡ 2,000 bonus reward points on annual spends of ₹3 lakh ➡ Additional 2,000 bonus reward points on annual spends of ₹4 lakh
Insurance Benefits	Complimentary personal accident insurance cover
Balance Transfer Benefits	Facility to transfer the balance from other credit cards at lower interest rates
Flexipay	Option to convert large purchases into easy monthly instalments
Contactless Technology	Faster and secure transactions with contactless payment technology

BPCL SBI Card Octane Credit Card Details

1. The card offers 25X reward points on fuel purchases made at BPCL petrol pumps. Each reward point is valued at ₹0.25, translating to significant savings on fuel costs.
2. New members are awarded 6,000 reward points soon after registration and confirmation of the joining fee. These points can be used to buy fuel or other items.
3. Apart from fuel, customers receive ten times the reward points for dining, groceries, and movies, making the card suitable for different categories of spending.
4. For the transaction value between ₹500 and ₹4,000 made at BPCL petrol pumps, cardholders can also get a maximum of ₹100 back as a fuel surcharge rebate per statement cycle.
5. The card offers four lounge visits per annum at specific airport lounges that make the journey more comfortable and convenient.
6. The annual subscription fees of ₹1,499 are fairly affordable, and those whose spending is above ₹2 lakh per annum get a free renewal as the fee is waived.

BPCL SBI Card Octane Credit Card Advantages and Disadvantages

Advantages

• High Reward Rate on Fuel: 25X reward points on BPCL fuel spends
• Welcome Benefits: 6,000 bonus points on joining fee payment
• Accelerated Rewards: 10X points on dining, groceries, and movies
• Fuel Surcharge Waiver: 1% waiver on BPCL transactions (₹500 – ₹4,000)
• Airport Lounge Access: 4 complimentary visits per year
• Annual Fee Waiver: Fee waived on spends over ₹2 lakh
• Comprehensive Benefits: Rewards on various categories, not just fuel

Disadvantages

• Annual Fee: ₹1,499 plus taxes
• Spending Threshold for Fee Waiver: ₹2 lakh annually
• Rewards Redemption: Could be more flexible

BPCL SBI Card Octane Credit Card Reward Offers

• Get 25X cashback points on every ₹100 spent on fuel at BPCL petrol pumps. Each reward point has been valued at ₹0. 25. This means that the amounts that will be spent on the purchase of fuel will be comparatively lesser, especially for those who use cars frequently.
• Get 10X reward points on your dining expenses. This is a great strategy for collecting these bonuses as you get to enjoy your meals at the restaurants you love.
• Avail 10X reward points on Grocery shopping. This makes shopping each day more productive, and you get to save money at the same time when buying daily needs.
• Get ten times the reward points when buying movie tickets. It makes the expenses for entertainment if one likes watching movies a couple of times a week or occasionally beneficial.
• This is accompanied by a joining fee for which you get a bonus of 6000 reward points upon subscribing. These points can be redeemed with fuel or any other thing that may interest you; thus, you will have a good start-up with the card.
• For other goods and services, you will be awarded 1 reward point for every ₹100 that you spend. This means that you keep earning the rewards on different expenses apart from other highlighted ones more frequently.

Why Choose the BPCL SBI Card Octane Credit Card?

• Exceptional Fuel Rewards: Experience high rewards with the BPCL SBI Card Octane – You get to earn a whopping 25X reward points on fuel purchases at BPCL outlets. This is a very advantageous factor to a driver, who can save greatly on one of the most frequent expenditures.
• Comprehensive Welcome Benefits: Initially, the new cardholders are awarded 6000 bonus points after they complete the joining fee. Such bonuses may be used to purchase fuel or other items, which gives the customer an instant value and makes for a good first experience when using the card.
• Versatile Rewards Program: Aside from fuel, the card offers 10X for dining, groceries and purchase of movie tickets. Due to this, the card can easily be used in day-to-day purchases so that many points can be accumulated from different purchases.
• Fuel Surcharge Waiver: The collateral advantage of a 1% fuel surcharge is that cardholders get an exemption for purchases within ₹ 500 to ₹ 4000 at BPCL outlets with an additional maximum of ₹ 100 per statement cycle. Our enhanced value proposition is seen through this feature because it contributes to a reduction in fuel costs which is an important value inclusion to the card.
• Annual Fee Waiver: The renewal fee of ₹1,499 plus taxes is processed annually and waived if the nominated card’s annual expenditure is greater than ₹200,000. Thus it is cheap to the extent of high spending and balances frequently enough so as to be self-financing.
• Travel Benefits: Receive up to four free accesses to some airport lounges annually which are hurled at the airports and are a comfortable waiting area while waiting for the flights. In this respect, emergency card replacement service and 24/7 concierge services are also provided to make travel easier.
• Global Acceptance and Security: Being an internationally accepted card, you can comfortably use the BPCL SBI Card Octane as it will easily accommodate all your expenditures. It also boasts of enhanced security capabilities such as the fraud liability cover to afford you total security for all your transactions.

BPCL SBI Card Octane Credit Card: Terms and Conditions

#1. Interest Rates: The interest rate on outstanding balances is 3.50% per month, equivalent to 42% per annum. It is important to pay your dues on time to avoid high-interest charges.

#2. Fuel Surcharge Waiver: A 1% fuel surcharge waiver is applicable on transactions between ₹500 and ₹4,000 at BPCL petrol pumps, capped at ₹100 per statement cycle. This waiver does not apply to transactions outside this range.

#3. Late Payment Fees: Late payment fees are charged based on the outstanding balance. Fees range from ₹0 for balances up to ₹500 to ₹1,300 for balances above ₹50,000. Timely payments are essential to avoid these additional charges.

#4. Foreign Transaction Fee: A fee of 3.5% plus applicable taxes is levied on all international transactions. This is a standard fee, but it’s essential to be aware of it when using the card abroad.

#5. Credit Limit: The credit limit is assigned based on the applicant’s creditworthiness and income. SBI reserves the right to revise the credit limit periodically based on the cardholder’s spending patterns and repayment history.

#6. Reward Redemption: Reward points can be redeemed for fuel purchases at BPCL petrol pumps or for other rewards through the SBI Card website or mobile app. Redemption options and values may vary, and SBI reserves the right to change the redemption process and options.

#7. Eligibility Criteria: Applicants must be Indian residents, aged between 21 and 60 years, with a stable income and a good credit history. Additional documentation may be required during the application process.

#8. Fraud Liability Cover: The card comes with a fraud liability cover, protecting cardholders against unauthorised transactions in case of loss or theft, provided the loss is reported promptly to SBI Card’s customer service.

Who Can Apply for the BPCL SBI Card Octane Credit Card?

The BPCL SBI Card Octane Credit Card targets consumers who particularly transact numerous times on fuels and other general expenses and are desirous of availing maximum incentives and special privileges. To ensure that the card will be suitable to the intended users, there are some conditions and guidelines that any prospective user must adhere to. Here’s a detailed look at who can apply:

• Age: 21 to 65 years
• Income: Minimum ₹20,000 per month
• Residency: Indian citizen
• Credit Score: A good credit history is preferred
• Employment: Salaried or self-employed individuals

Documentation Needed for BPCL SBI Card Octane Credit Card

To avoid any delays or complications, it is essential to ensure that the documents submitted are correct and, when filling out the application form, complete all the required details about the BPCL SBI Card Octane Credit Card. The documents can be uploaded via the SBI Card website, or the applicants can bring and submit their application at the SBI centres.

A. Identity & Address Proof

Identity Proof	Address Proof
Aadhaar Card	Utility Bill
PAN Card	Aadhaar Card
Passport	Passport
Voter ID

B. Income and Photograph

• Salaried Individuals:
  • Salary Slips (last 3 months)
  • Bank Statements (last 6 months)
  • Form 16
• Self-employed Individuals:
  • Income Tax Returns (ITR) (last 2 years)
  • Financial Statements

• Photograph: Passport-sized photographs

Application Process for BPCL SBI Card Octane Credit Card

Step 1: Online Application: Start by visiting the SBI Card website or app. Fill out the application form, providing your personal, contact, and employment details.

Step 2: Upload Documents: You will need to upload necessary documents such as identity proof, address proof, and income proof.

Step 3: Submit Application: After completing the form and uploading the documents, review the information for accuracy. Once verified, submit the application online.

Step 4: Verification Process: SBI Card will then verify your identity, address, income, and credit history.

Step 5: Approval and Card Issuance: Upon successful verification, you will receive confirmation of your application status. If approved, the BPCL SBI Card Octane Credit Card will be delivered to your address. Activate the card as per the instructions provided to start using its benefits.

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