The BPCL SBI Octane Card is CoBranded fuel credit card designed for individuals who frequently refuel at Bharat Petroleum BPCL petrol pumps. Offering one of the highest fuel reward rates in India on fuel expenses. Providing up to 7.25% value back. Apart from fuel benefits the card also rewards spending on dining groceries departmental stores and movie tickets. Additional features such as airport long jog says milestone rewards and annual fee waiver make it well rounded choice for those looking to maximize savings.Here in this article we will do BPCL SBI Card Octane review and savings example to understand you better how much you can save.
BPCL SBI Card Octane Benefits
Here are the key benefits of this card on multiple of expenses.
High Savings On Fuel Transactions
The biggest advantage of this card is the high reward rate on fuel purchases. It offers 25 reward points for ₹100 spent on fuel at Bpcl petrol pumps, which translate to a 6.25% savings. Additionally it provides a 1% fuel surcharge waiver up to 4000 per year, these benefits add up to 7.25% savings on BPCL fuel expenses.
For example if you spend ₹5000 per month on fuel you will earn 1250 reward points monthly which equals to 15,000 reward points per year. Since one reward point is worth of point ₹0.25, you save ₹3750 annually in rewards plus an extra ₹1200 for from surcharge waiver making a total savings of ₹4950 per year.
Rewards On Everyday Spending
This card is not just for fuel it also offers extra reward points on daily expenses you earn 10 reward points per 100 rupees spent equivalent to 2.5% value back on categories like dining, groceries, movie, kids and departmental stores. For instance if you spend ₹10,000 per month on these transactions you will earn 1000 reward points per month which adds upto 12,000 reward points per year, this translates to a total saving of ₹3000 per year.
BPCL SBI Card Octane Milestone Benefits
To reward frequent users can avail additional milestone benefits, if you spend ₹3,00,000 and you receive ₹2000 gift voucher from brands like Yatra Arburn Ladder, Bata and Aditya Birla fashions. Additionally if you spend ₹2,00,000 in a year the next year 1499 rupees annual fee is waved off.
Complementary Airport Lounge Access
The BPCL SBI Card Octane also provides benefits for travelers. Card holders get four free domestic airport lounge visits Per year. this lounge provides access to comfortable seating, free WiFi, complementary snacks and beverages and entertainment options. lounge visit usually cost 800 to 1000 rupee per visit.
Welcome Bonus
New card holders receives 6000 reward points as a welcome bonus after paying the joining fee. These points are worth of ₹1500 and can be redeemed for fuel, Gift vouchers, statement credit. This benefit offsets the ₹1499 joining fee making the first year almost free of cost.
Secure And Convenient Transactions
The card comes with contactless payment technology allowing transactions of up to 5000 rupees without a pin. It also includes security features to protect against fraud Insuring safe and hassle free transactions.
Simple and flexible reward Redemption
Reward points earned on the BPCL SBI card octane can be redeemed in different ways.
- Fuel purchases at the BPCL pumps.
- Gift vouchers for shopping dining and travel
- Cashback or credit to your card statement
since one reward point equal to 0.25 rupees, the redemption process ensures maximum flexibility allowing you to use reward based on your needs.
Possible Saving Calculations
| Spending Category | Annual Spending | Reward Points Earned | Savings Value |
|---|---|---|---|
| Fuel at BPCL (₹5,000/month) | ₹60,000 | 15,000 points | ₹3,750 |
| Fuel Surcharge Waiver | ₹60,000 | – | ₹1,200 |
| Dining, Groceries, Movies (₹10,000/month) | ₹1,20,000 | 12,000 points | ₹3,000 |
| Milestone Rewards (₹3L spend) | ₹3,00,000 | ₹2,000 gift voucher | ₹2,000 |
| Airport Lounge Access (4 visits) | – | – | ₹3,200 |
| Welcome Bonus | – | 6,000 points | ₹1,500 |
| Annual Fee Waiver (₹2L spend) | – | – | ₹1,499 |
| Total Savings | – | – | ₹14,650 |
Fees And Charges
| Category | Charges | Waiver/Condition |
|---|---|---|
| Joining Fee | ₹1,499 + GST | No waiver available |
| Annual Renewal Fee | ₹1,499 + GST | Waived on ₹2 lakh annual spend |
| Finance Charges (Interest on Due Amounts) | 3.50% per month (42% per annum) | – |
| Cash Withdrawal Fee | 2.5% of the withdrawn amount (Min ₹500) | – |
| Late Payment Fee | Based on outstanding balance (see below) | – |
| Overlimit Fee | 2.5% of the over-limit amount (Min ₹600) | – |
| Foreign Currency Transaction Fee | 3.50% of the transaction amount | – |
| Reward Redemption Fee | ₹99 + GST per redemption request | – |
| Card Replacement Fee | ₹100 (Domestic), ₹175 (International) | – |
| Cheque Bounce/Payment Dishonor Fee | 2% of the payment amount (Min ₹500) | – |
| Cash Payment Fee | ₹199 per transaction | – |
Late Payment Charges
| Outstanding Amount (₹) | Late Payment Fee (₹) |
|---|---|
| Up to 500 | Nil |
| 500.01 – 1,000 | 400 |
| 1,000.01 – 10,000 | 750 |
| 10,000.01 – 25,000 | 950 |
| 25,000.01 – 50,000 | 1,100 |
| Above 50,000 | 1,300 |
BPCL SBI Card Octane Eligiblity Criteria
| Criteria | Requirements |
|---|---|
| Age | 18 – 60 years |
| Minimum Income (Salaried) | ₹25,000 – ₹30,000 per month* |
| Minimum Income (Self-Employed) | ₹6 lakh annual income* |
| Employment | Stable income source (salaried/self-employed) |
| Residency | Indian Citizens & NRIs |
| Credit Score | 750+ recommended |
| Documents Required | ID proof, address proof, income proof |
BPCL SBI Card Octane Review
This card is ideal for those who regularly refuel at BPCL petrol pumps, As it provides significant saving on fuel expenses. it also benefits people who frequently spend on dining, groceries, entertainment & additional features like airport Lounge access and milestone rewards make it a good option for frequent travelers and high spenders.
However if you refuel at non BPCL petrol pumps the fuel rewards won’t be as beneficial In such cases general cash back or reward cards may be a better choice. Also higher annual fees of ₹1500 may affect user choice while selecting this credit card.
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