- Key Highlights of BPCL SBI card octane:
- Benefits of BPCL SBI card octane:
- Redeeming Rewards on the BPCL SBI card octane:
- Fee’s And Charges on BPCL SBI card octane:
- Eligibility to Apply for BPCL SBI card octane:
- Required Documents for Apply for BPCL SBI card octane:
- Comparison:
- Credit Card Similar to BPCL SBI Card octane:
- BPCL SBI Card octane Limit:
- Apply for BPCL SBI card octane:
- Check BPCL SBI card octane:
- Contact BPCL SBI card octane:
- Conclusion:
- F.A.Q’s:
- Read More:
The BPCL SBI Card Octane is a credit card that is specifically designed for individuals who frequently use their vehicle for fuel purchases and are looking to maximise their rewards and benefits. As a customer who has been using this card for several months now, I would like to share my review and experiences with the BPCL SBI Card Octane.
Key Highlights of BPCL SBI card octane:
| Best Suited for | Fuel Purchases |
| Joining Fee | Rs. 1,499 |
| Annual Fee | Rs. 1,499 (Reversed on spending Rs. 2 lakh in a year) |
| Welcome Benefit | 6,000 bonus points, worth Rs. 1,500, are earned after the membership price is paid. |
| Best Feature | 7.25 percent of your fuel costs are refunded |
Other Features:
- The advantageous effects of 6,000 reward points.
- Get up to 7.25% value-back rewards points on fuel purchases at BPCL gas stations.
- With 2,500 reward points per statement cycle, BPCL stations offer 25X reward points.
- 4 free visits to domestic airport lounges.
Free Rs. 1 lakh in fraud liability insurance.
Benefits of BPCL SBI card octane:
| Welcome Benefits | Receive 6,000 reward points as a welcome bonus when you pay the annual fee, which is equal to Rs. 15,000 |
| Value-back Benefits | Take advantage of a 7.25% value back on fuel purchases at BPCL gas stations. Get up to 25x more reward points when you buy fuel at BPCL gas stations. Value returned at 6.25% plus 1% for fuel. No more than 2,500 bonus points every month. |
| Reward point Benefits | For every Rs. 100 spent on restaurants, movies, groceries, and department stores, you will receive 10 reward points. Get 25 reward points for every Rs. 100 spent on fuel at BPCL gas stations throughout the nation. |
| Fuel surcharge Benefits | 1% fuel surcharge is applied to all fuel purchases made at BPCL fuel pumps in India. On all purchases up to Rs. 4,000, the fuel surcharge will be waived. |
| Travel Benefits | Get four free visits to domestic airport lounges each year. |
| Milestone Benefits | Get a gift certificate of Rs. 2,000 from Aditya Birla Fashion, Hush Puppies, Yatra, or Urban Ladder on annual spending of Rs. 3 lakh. |
| Insurance Benefits | Get a free Rs. 1 lakh in fraud liability insurance. |
| Balance Transfer Benefits | Utilise the balance transfer feature on your BPCL SBI Card OCTANE to transfer the remaining balance from other credit cards. |
| Flexipay | Use the Flexipay service to convert any purchases over Rs. 2,500 into simple monthly installments. |
| Contactless Technology | Contactless technology is included with the BPCL SBI Card OCTANE. |
View more on SBI official website
Redeeming Rewards on the BPCL SBI card octane:
- Are you interested in knowing how to use your BPCL SBI Octane credit card points? Here are several methods you can use to do it:
- Direct redemption for fuel purchases is available at a few BPCL stations.
- Email the bank or call SBI’s customer service line to seek a cash redemption.
- To exchange your points for gift cards, click onto the SBI mobile app or the company’s official website.
- Note: One Rupee is equal to four SBI BPCL reward points. From the date of issuance, each reward point is valid for two years.
Fee’s And Charges on BPCL SBI card octane:
| Type of Charge | Amount |
| Joining fee | Rs.1,499 |
| Annual fee | Rs.1,499 |
| Add-on fee | Nil |
| Credit card finance charge | 3.5% on all SBI Credit Cards that are Unsecured (apart from Shaurya) |
| Minimum amount due each month | 5% of the entire amount owing, or Rs. 200 plus taxes, whichever is greater. |
| Interest fee period | 20 to 50 days |
| Finance charge on cash advance | 2.5% of the total amount of the domestic cash withdrawal, or Rs. 500, whichever is higher |
| Statement retrieval | For statements older than two months, it costs Rs. 100 each statement. |
| Late payment fee (charged based on the total outstanding amounts) | Up to Rs.500 Nil Rs.501 to Rs.1,000-400 Rs.1001 to Rs.10,000-750 Rs.10,001 to Rs.25,000-950 Rs.25,001 to Rs.50,000-1,100 More than Rs.50,000-1,300 |
| Over limit fee | 2.5% |
| Card replacement fee – domestic | Rs.100 to Rs.250 |
Eligibility to Apply for BPCL SBI card octane:
| Credit Score | Those who apply and have a strong credit rating will be approved for the card. |
| Nationality | He or she must be an Indian. |
| Age | The candidate must be at least eighteen. |
| Employment status | The main candidate must be an employee or an independent contractor. |
Required Documents for Apply for BPCL SBI card octane:
| Identity Proof | Voter ID Aadhaar Card Driving License |
| Proof of Address | Passport Ration Card Voter ID Aadhaar Card |
| Income Proof | Salary Slip Form 16 IT Returns |
Comparison:
BPCL SBI card octane v/s BPCL SBI credit card:
| Basis | BPCL SBI card octane | BPCL SBI credit card |
| Fee | Joining Fee Rs. 1,499 (plus applicable taxes) Renewal Fee Rs. 1,499 (plus applicable taxes) | Joining Fee Rs. 499 (plus applicable taxes) Renewal Fee Rs. 499 (plus applicable taxes) |
| Best Suited For | Fuel | Fuel |
| Reward Type | Reward Points | Reward Points |
| Welcome Benefits | 6,000 additional RPs as a welcome bonus, and the membership is renewed annually (as long as the annual cost is paid). | On payment of the membership cost, you will receive 2,000 Activation Bonus Reward Points worth Rs. 500 (credited 20 days after joining fee payment). |
BPCL SBI card octane v/s SBI card pulse:
| Basis | BPCL SBI card octane | SBI card Pulse |
| Fee | Joining Fee Rs. 1,499 (plus applicable taxes) Renewal Fee Rs. 1,499 (plus applicable taxes) | Joining Fee Rs. 1,499 (plus applicable taxes) Renewal Fee Rs. 1,499 (plus applicable taxes) |
| Best Suited For | Fuel | Shopping |
| Reward Type | Reward Points | Reward Points |
| Welcome Benefits | 6,000 additional RPs as a welcome bonus, and the membership is renewed annually (as long as the annual cost is paid). | A Noise ColorFit Pulse Smart Watch valued at Rs. 5,999, a free Fitpass Pro subscription, and a free Netmeds First subscription. |
BPCL SBI card octane v/s SBI SimplySAVE credit card:
| Basis | BPCL SBI card octane | SBI SimplySAVE credit card |
| Fee | Joining Fee Rs. 1,499 (plus applicable taxes) Renewal Fee Rs. 1,499 (plus applicable taxes) | Joining Fee Rs. 499 (plus applicable taxes) Renewal Fee Rs. 499 (plus applicable taxes) |
| Best Suited For | Fuel | Shopping |
| Reward Type | Reward Points | Reward Points |
| Welcome Benefits | 6,000 additional RPs as a welcome bonus, and the membership is renewed annually (as long as the annual cost is paid). | 2,000 reward points (worth 500 rupees) after spending at least 2,000 rupees within the first 60 days after card activation. |
Credit Card Similar to BPCL SBI Card octane:
| Credit Card | Annual Fee | Comparative Features |
| SBI BPCL Credit Card | Rs. 499 | 4.25% value-back on fuel purchases via BPCL Stations |
| IndianOil Axis Bank Credit Card | Rs. 500 | 4% value back on fuel purchase at IOCL outlets |
| HDFC Bharat Cashback Credit Card | Rs. 500 | 5% monthly cashback on fuel expenses |
| IndianOil HDFC Bank Credit Card | Rs. 500 | 5% of fuel spends as fuel points at IndianOil outlets |
BPCL SBI Card octane Limit:
The bank will assign the BPCL SBI Card OCTANE’s credit limit. Before determining a credit card limit, the State Bank of India takes into account a number of variables, including the applicant’s credit score, the credit utilisation ratio, and their history of on-time debt payback.
Apply for BPCL SBI card octane:
Just do these 5 easy steps, and you’re done!
First, go to Bajaj Markets. Visit our website to learn more
Step 2: Enter your information Please provide us a couple of your details.
Step 3: Compare Different Credit Cards: Examine Different SBI Credit Cards’ Numerous Options
Step 4: Decide what to do: Choose the credit card that best fits your needs.
Step 5: Finish by submitting your form.
Check BPCL SBI card octane:
While SBI often texts your registered phone number on a regular basis to inform you of the status of your application, there are other ways to follow it.
You are given an application number once you submit an application for the BPCL SBI Octane credit card. On the SBI website, you may track your application using this number.
As an alternative, you can get in touch with SBI’s customer service department to find out how your application is progressing.
Contact BPCL SBI card octane:
Via phone:
- 1860 180 1290
- 1860 500 1290, 39 02 02 02 (prefix local STD code)
- 1800 180 1290 (toll free) for any BPCL SBI Card Octane queries
Via E-mail:
customercare@sbicard.com
Conclusion:
In conclusion, the BPCL SBI Card Octane is an excellent choice for individuals who spend a significant amount on fuel purchases and want to maximize their rewards. The fuel rewards program, along with the additional lifestyle benefits and strong customer service, make this card a valuable asset. However, it is important to consider your specific needs and usage patterns before deciding if this card is the right fit for you.
F.A.Q’s:
What is the BPCL SBI Octane Card’s credit limit?
After carefully reviewing your application, the bank provides your credit limit. The credit limit is determined by a number of variables, including credit score, annual income, ability to repay, and more. As a result, your credit limit won’t become known to you until after successful verification.
How can I pay the bill for my BPCL SBI Octane Card?
You have the option of paying your credit card bills offline or online through the bank. You can utilise services like NEFT/RTGS, PayNet, UPI, mobile banking, NACH, and mobile apps to pay your bill online. In addition, you can visit any of the nearby branches to pay your SBI Credit Card bill offline using a check or cash.
How many reward points will I get for buying fuel?
You can earn up to 25 reward points at all BPCL gas stations for every Rs. 100 you spend. On transactions totaling Rs. 4,000, the fuel surcharge will also be eliminated.
Does the BPCL SBI Card OCTANE waive the annual fee?
Yes, your annual charge of Rs. 1,499 for the following year would be waived if your spending totals Rs. 2 lakh.
What is the maximum amount of fuel surcharges that the BPCL SBI Card OCTANE will not apply?
This credit card offers a maximum surcharge waiver of Rs. 100 each statement cycle.
Is there a waiver of the annual cost for the BPCL SBI Card OCTANE?
Yes, your annual fee of Rs. 1,499 would be waived for the following year if your spending totals more than Rs. 2 lakh.
What are the advantages of the BPCL SBI card?
Customers who use the BPCL-SBI Octane credit card receive additional benefits, such as 7.25% value back on fuel purchases made at BPCL gas stations, which is equal to 25X reward points, and four complimentary trips per year to Domestic VISA lounges in India.
How can I extend the limit on my SBI octane card?
Log in to the ILA Chatbot, ask for a credit limit increase, and then follow the on-screen instructions. SMS: From your registered cell phone, send the text “INCR XXXX” (the final four digits of your card number) to 5676791.
How much money may be taken out with an SBI Octane card?
With a daily withdrawal cap of 12,000 rupees, this BPCL Octane credit card has a cash advance limit of up to 80% of the credit amount.
How much are BPCL reward points worth?
You can closeYou receive 5 Reward Points for every Rs. 100 you spend on grocery, department stores, dining, and movies (up to 5,000 Reward Points per month at an expedited pace). You can earn up to 1,300 Reward Points at an expedited rate for every Rs. 100 you spend on gas at BPCL outlets.
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