BPCL SBI Card Octane

  • Joining Fee: Rs. 1,499 + GST
  • Renewal Fee: Rs. 1,499 + GST
  • Best Suited For: Fuel
  • Reward Type: Reward Points
  • Welcome Benefites: 6,000 bonus reward points worth Rs. 1500
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SBI Card launched BPCL SBI Card Octane in December 2020. It is an upgraded version of the BPCL SBI Credit Card. While the Octane variant does offer better rewards and offers, it also carries a much higher annual fee of Rs. 1,499,, whereas the other variant had a fee of only Rs. 499. BPCL SBI Card Octane gives you a 7.25% value back on fuel purchases at Bharat Petroleum fuel stations: 6.25% as reward points (25x reward rate), along with a 1% fuel surcharge waiver. You also receive 10x reward points for spending on dining and movie tickets, apart from the fuel benefits. As far as travel benefits are concerned, the card entitles you to 4 complimentary accesses to domestic airport lounges every year (maximum 1 per quarter). If you travel a lot by car or motorbike, this is probably one of the best offerings in the market right now, as you get a quite high reward rate of 6.5% (and a 1% surcharge waiver) on fuel spends at all BPCL stations across the country (the 1% surcharge waiver is applicable even at non-BPCL stations). Keep reading to know more about the Octane card.

New Features

Spend Based Waiver

Next year’s renewal fee waived on annual expenditure of Rs. 2 lakh.


Interest Rates

3.5% per month (42% per annum)


Add-on Card Fee

Nil

Rewards Redemption Fee

Rs. 99 (plus applicable taxes) per redemption request.


Fuel Surcharge

1% fuel surcharge waiver on transactions up to Rs. 4,000 (max waiver of Rs. 100 in a month)

Foreign Currency Markup

3.5% of the transaction amount


Cash Advance Charges

2.5% of the withdrawn amount (subject to a minimum charge of Rs. 500)

Movie & Dining

10x reward points for every Rs. 100 you spend on dining and movie tickets.


Travel

Complimentary domestic airport lounge visits


International Lounge Access

N/A

Rewards Rate

25 reward points for every Rs. 100 spends at BPCL fuel stations (reward rate = 6.25%), 10 RPs for every Rs. 100 spends on groceries, departmental stores, and movie ticket purchases (reward rate = 2.5%), and 1 reward point for every Rs. 100 spent for all other expenditures (reward rate = 0.25%) except mobile wallet uploads and fuel purchases at non-BPCL stations.


Golf

N/A


Insurance Benefits

N/A

Reward Redemption

Redeem reward points for gift vouchers on sbicard.com or on SBI mobile app, for transactions at BPCL petrol stations, and against card’s statement balance. 4 reward points = Re. 1.


Domestic Lounge Access

4 complimentary access to domestic lounges every year (1 per quarter).


Zero Liability Protection

No liability to the cardholder if the loss of the card is reported to the bank within stipulated time.

Pros

Welcome benefit of 6,000 Reward Points worth Rs 1500 Enjoy 10 Reward Points on spend of Rs. 100 at dining, movies and departmental stores.

Cons

There is a reward redemption fee of Rs. 99. No insurance benefits are included with this account.

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