Unlock Rewards with BPCL Octane SBI Card

Overview of the BPCL Octane SBI Card

The BPCL Octane SBI Card is a premium co-branded credit card that brings together the expertise of SBI Card and Bharat Petroleum Corporation Limited (BPCL). This card is tailored to offer significant advantages to individuals who frequently refuel at BPCL petrol stations. Here are some key aspects of the card:

The card is issued through a partnership between SBI Card and BPCL, focusing on users who prefer BPCL for their fuel requirements.
There is a registration charge and an annual fee of ₹1,499 each associated with the card. However, the annual fee can be waived if the cardholder spends ₹2 lakhs or more in the preceding year.
The card provides a comprehensive reward programme across various categories, including fuel, dining, groceries, and more.

Benefits & Features of the BPCL Octane SBI Card

Welcome Benefits

Welcome Bonus: Cardholders receive 6,000 bonus reward points, worth approximately ₹1,500, upon paying the annual membership fee.
Annual Fee Waiver: The ₹1,499 annual fee is waived if the cardholder spends ₹2 lakhs or more in the previous year.

Other Benefits

Fuel Benefits:
- Earn 25 reward points for every ₹100 spent on fuel at BPCL petrol stations, equivalent to a 7.25% value back (6.25% as reward points + 1% fuel surcharge waiver).
- Fuel transactions up to ₹4,000 are exempt from the 1% fuel surcharge, with a maximum waiver of ₹100 per statement cycle.
Reward Points on Other Categories:
- Earn 10 reward points for every ₹100 spent on dining, movies, groceries, and departmental stores.
- Earn 1 reward point for every ₹100 spent on all other categories.
Travel Benefits:
- Enjoy 4 complimentary domestic airport lounge visits per year, with a maximum of 1 visit per quarter.
Gift Vouchers:
- Receive a ₹2,000 gift voucher from Hush Puppies, Aditya Birla Fashion, Urban Ladder, or Yatra on annual purchases of ₹3 lakhs.
Payment Flexibility:
- Utilise the Flexipay feature to convert purchases of more than ₹2,500 into easy monthly instalments.
- Benefit from the balance transfer feature to transfer outstanding balances from other credit cards to the BPCL SBI Card Octane.
Technology and Security:
- The card features contactless technology, ensuring fast and secure transactions.
- Access to worldwide acceptance and 24-hour global customer assistance services.
Additional Services:
- Ability to withdraw cash from over 1 million Visa/RuPay ATMs globally, including 18,000 ATMs in India.
- Option to apply for add-on cards for family members.

Key Highlights of the BPCL Octane SBI Card

Fuel Benefits: Enjoy a generous 7.25% value back on fuel purchases at Bharat Petroleum fuel stations, which includes 6.25% as reward points (25X reward rate) and a 1% fuel surcharge waiver. This benefit applies to fuel transactions up to ₹4,000, with a maximum waiver of ₹100 per month.
Reward Points: Earn reward points on various categories of spending:
- 25 Reward Points for every ₹100 spent on fuel transactions at BPCL fuel stations.
- 10 Reward Points for every ₹100 spent on dining, departmental stores, groceries, and movie tickets.
- 1 Reward Point for every ₹100 spent on all other expenditures.
Welcome Benefits: Get 6,000 bonus Reward Points upon payment of the annual membership fee, which is also awarded every time the card membership is renewed if the fee is paid.
Travel Benefits: Enjoy 4 complimentary domestic airport lounge visits per year, with a maximum of 1 visit per quarter.
Additional Benefits:
- E-gift vouchers worth ₹2,000 from Aditya Birla Fashion, Yatra, or Bata/Hush Puppies on annual spends of ₹3 lakhs.
- Free fraud liability cover.
- Contactless technology for secure and convenient transactions.

Fees and Charges of the BPCL Octane SBI Card

Fee Type	Amount
Joining Fee	₹1,499 + GST
Annual Fee	₹1,499 + GST
Annual Fee Waiver	Waived if annual spend exceeds ₹2,00,000 in the previous year
Interest Rate	3.50% per month (42% per annum)
Fuel Surcharge Waiver	1% on transactions up to ₹4,000 (max waiver ₹100 per month)
Late Payment Fee	₹500 - ₹950 (depending on the outstanding amount)
Foreign Transaction Charge	3.5% of the transaction amount

Eligibility of the BPCL Octane SBI Card

Income Criteria: The applicant must meet the income criteria set by SBI, though specific figures are not publicly disclosed. Generally, SBI requires a stable income to approve credit card applications.
Credit Score: A good credit score is essential for eligibility. SBI typically looks for applicants with a credit history indicating responsible credit behaviour.
Age and Employment: The applicant must be within the eligible age range (usually 21 to 60 years for salaried individuals and 21 to 65 years for self-employed individuals) and have a stable employment status.

Card Activation Process

To activate your BPCL SBI Card Octane, you can choose from several convenient methods:

Online Activation: Visit the official SBI Card website, log in to your account, and navigate to the card activation section. Enter your card details, including the card number and expiry date, and generate an OTP (One-Time Password) that will be sent to your registered mobile number. Enter the OTP to complete the activation process.
Offline Activation: Call the SBI Card customer service helpline at their toll-free number, which can be found on the SBI Card website. Provide the necessary details to the customer service representative to verify your identity and activate your card.
Using the SBI Card App: Download and install the SBI Card app from the Google Play Store or Apple App Store. Log in to the app using your credentials and navigate to the card activation section. Follow the prompts to activate your BPCL SBI Card Octane.

How to Redeem the Points

The BPCL SBI Card Octane offers a variety of options for redeeming your reward points, allowing you to make the most of your card's benefits:

Redeem for Fuel: You can redeem your reward points for fuel purchases at BPCL fuel stations. Each reward point is valued accordingly, helping you offset your fuel expenses.
Redeem Against Statement: Reward points can be redeemed against your outstanding credit card statement balance, reducing your monthly bill.
Redeem for Products and Vouchers: You can redeem your reward points for a wide range of products and vouchers available through the SBI Card rewards catalogue, covering various categories.
Gift Vouchers: By achieving certain annual spend thresholds, such as ₹3 lakhs, you can receive gift vouchers worth ₹2,000 from selected brands like Aditya Birla Fashion, Yatra, or Bata/Hush Puppies.

These flexible redemption options ensure that you can utilise your reward points in a way that best suits your needs and preferences, making the BPCL SBI Card Octane a rewarding choice for your spending habits.