BPCL SBI Card Octane Review

General Information

Rewards and Benefits

Fees and Charges

Summary

Receive a welcome benefit of 6,000 Bonus RPs upon payment of the annual membership fee. Earn 25 reward points for every Rs. 100 spent on fuel purchases at BPCL refill stations, with a maximum of 2,500 reward points per month. Get 10 reward points for every Rs. 100 spent on groceries, departmental stores, and movie tickets, with a maximum of 7,500 reward points per month. Earn 1 reward point for every Rs. 100 spent on retail purchases (excluding mobile wallet uploads and non-BPCL fuel stations). Enjoy a waiver of 1% fuel surcharge on all petrol transactions up to Rs. 4,000. Receive 4 complimentary access passes to domestic lounges every year (one per quarter). Receive gift vouchers worth Rs. 2,000 from Aditya Birla Fashion, Yatra, Urban Ladder, Hush Puppies, or Bata, upon annual expenditure of Rs. 3,00,000 or above. Have the renewal fee waived off if Rs. 2,00,000 or more has been spent in the last year. Benefit from a complimentary Fraud Liability cover of Rs. 1 Lakh.

The BPCL SBI Card Octane is a credit card designed specifically for fuel-related expenses.

With a joining fee of Rs. 1,499 + GST and a renewal fee of Rs. 1,499 + GST, this card offers several benefits for fuel purchases.

One of the primary advantages of this card is its reward points system.

Users can earn reward points on various categories of expenditure including fuel, groceries, departmental stores, and movie ticket purchases.

For every Rs. 100 spent at BPCL fuel stations, you can earn 25 reward points, resulting in a reward rate of 6.25%.

Additionally, for grocery, departmental store, and movie ticket purchases, you can earn 10 reward points for every Rs. 100 spent, with a reward rate of 2.5%.

For all other expenditures, you can earn 1 reward point for every Rs. 100 spent, with a reward rate of 0.25%.

Please note that fuel purchases at non-BPCL stations and mobile wallet uploads are not eligible for reward points.

Upon joining, cardholders are greeted with a welcome benefit of 6,000 bonus reward points worth Rs. 1,500.

Additionally, the card offers movie dining rewards, giving you 10x reward points for every Rs. 100 spent on dining and movie tickets.

In terms of travel benefits, the card provides complimentary domestic airport lounge visits.

This includes 4 complimentary access to domestic lounges every year, with one access allowed per quarter.

For individuals who spend a significant amount, the BPCL SBI Card Octane offers a spend-based waiver.

By making an annual expenditure of Rs. 2 lakh, you can have the renewal fee waived for the next year.

While this card provides various advantages, it is important to consider the associated fees.

There is a rewards redemption fee of Rs. 99 (plus applicable taxes) per redemption request.

Foreign currency transactions are subjected to a markup of 3.5% of the transaction amount.

Additionally, the card carries an interest rate of 3.5% per month (42% per annum) and a cash advance fee of 2.5% of the withdrawn amount, with a minimum charge of Rs. 500.

Overall, the BPCL SBI Card Octane is a suitable credit card for individuals seeking to maximize rewards on fuel-related expenses.

With its reward points system, welcome benefits, and access to domestic airport lounges, it can cater to the needs of frequent fuel purchasers.