BPCL SBI Card Octane, Rewards and Benefits, Joining Fees & amp; Charges, Apply Online

BPCL SBI Card Octane: 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.

Rewards and Benefits

• Rewarding Experiences Await:- Immerse yourself in the world of cinema and culinary delights, earning 10 times the reward points for every Rs. 100 spent on movie tickets and dining. Feel the excitement of the big screen and the satisfaction of delectable cuisine while reaping the benefits of your card.
• Reward Rate:- Unlock a realm of possibilities with our enticing reward rates. Enjoy 25 reward points for every Rs. 100 spent at BPCL fuel stations, making your refueling experiences not only convenient but also rewarding. Additionally, earn 10 reward points for every Rs. 100 spent on groceries, departmental stores, and movie ticket purchases, transforming everyday expenses into delightful rewards. For all other expenditures, except mobile wallet uploads and fuel purchases at non-BPCL stations, earn 1 reward point for every Rs. 100 spent, ensuring every transaction contributes to your rewards journey.
• Redeem Your Rewards:- Seize the opportunity to turn your reward points into memorable experiences. Redeem them for gift vouchers on sbicard.com or the SBI mobile app, treat yourself at BPCL petrol stations, or offset your card’s statement balance. With 4 reward points equating to Re. 1, your rewards are as valuable as they are versatile.
• Travel in Style:- Experience the epitome of luxury with complimentary domestic airport lounge visits. Relax and unwind before your flight, enjoying exclusive amenities and impeccable service that redefine travel.
• Domestic Lounge Access:- Gain access to four domestic lounges every year, with one visit allowed per quarter. Whether it’s for business or leisure, indulge in the comforts of premium lounges, setting the stage for unforgettable journeys.
• Zero Liability Protection:- Rest easy knowing you’re protected against unauthorized transactions. With zero liability protection, report any loss of your card to the bank within the stipulated time for complete peace of mind.

Fees & Charges

• Seize the Power of Spend-Based Waiver:- Experience the ultimate privilege as your next year’s renewal fee is waived upon reaching an annual expenditure of Rs. 2 lakh. Your loyalty is not only appreciated but also rewarded, ensuring that your card continues to serve you without any additional cost.
• Unlock Rewards with Ease:- Redeem your hard-earned rewards effortlessly with our transparent rewards redemption fee of Rs. 99 (plus applicable taxes) per redemption request. Whether you’re treating yourself to luxury items or enjoying memorable experiences, your rewards are just a redemption away.
• Conquer Global Adventures:- Embrace a world without borders with your SBI Card, accompanied by a nominal foreign currency markup of 3.5% of the transaction amount. Whether you’re exploring exotic destinations or indulging in international shopping sprees, your card ensures seamless transactions worldwide.
• Embrace Financial Freedom:- Empower yourself with financial flexibility as you enjoy competitive interest rates of 3.5% per month (42% per annum). With flexible repayment options, you’re in control of your finances, ensuring peace of mind with every transaction.
• Fuel Your Journey with Savings:- Embark on endless road trips without worrying about fuel expenses, as your SBI Card offers a 1% fuel surcharge waiver on transactions up to Rs. 4,000, with a maximum waiver of Rs. 100 in a month. Experience the joy of travel without the added burden of fuel costs.
• Access Cash Anytime, Anywhere:- Empower yourself with the convenience of cash advances, with minimal charges of 2.5% of the withdrawn amount (subject to a minimum charge of Rs. 500). Whether it’s for emergencies or indulgences, your SBI Card ensures access to cash whenever you need it.
• Enhance Your Lifestyle with Add-On Cards:- Extend the benefits of your SBI Card to your loved ones with our complimentary add-on card facility. With no additional fees, share the convenience and rewards of your card with your family, enhancing their lifestyle with every swipe.

Product Details

• Upon enrollment and realization of your annual membership fee, enjoy an impressive bonus of 6,000 Reward Points as a warm welcome gesture from us.
• Refuel your vehicle at BPCL refill stations and earn 25 Reward Points for every Rs. 100 spent on fuel purchases. With a maximum cap of 2,500 Reward Points per month, fueling up has never been more rewarding.
• Earn 10 Reward Points for every Rs. 100 spent on groceries, departmental stores, and movie ticket purchases. Maximize your rewards with a monthly limit of 7,500 Reward Points.
• For every retail transaction, excluding mobile wallet uploads and non-BPCL fuel station expenditures, earn 1 Reward Point per Rs. 100 spent. Your everyday purchases now contribute to exclusive rewards.
• Enjoy the convenience of a 1% fuel surcharge waiver on all petrol transactions up to Rs. 4,000. Say goodbye to unnecessary surcharges and embrace seamless transactions.
• Indulge in luxury with four complimentary accesses to domestic lounges annually, ensuring relaxation and comfort during your travels.
• Celebrate your spending milestones with gift vouchers worth Rs. 2,000 from renowned brands such as Aditya Birla Fashion, Yatra, Urban Ladder, Hush Puppies, or Bata. Simply achieve an annual expenditure of Rs. 3,00,000 or above to claim your reward.
• Renewal fee waived off for the upcoming year upon spending Rs. 2,00,000 or more in the previous year. Enjoy uninterrupted access to our premium services without any additional charges.
• Rest easy knowing that you’re covered by a complimentary Fraud Liability cover of Rs. 1 Lakh, offering peace of mind and security against unauthorized transactions.

Pros/Cons

Pros:

1. Generous Welcome Bonus: Kickstart your membership journey with a delightful welcome benefit of 6,000 Reward Points, equivalent to Rs. 1,500 in value. Enjoy the thrill of immediate rewards as you embark on your membership experience.
2. Rewarding Spending Categories: Earn 10 Reward Points for every Rs. 100 spent at dining outlets, movies, and departmental stores. Indulge in your favorite activities while reaping the benefits of our rewarding program.

Cons:

1. Reward Redemption Fee: Please note that there is a nominal reward redemption fee of Rs. 99 applicable. While this fee ensures efficient processing of your reward redemptions, we understand the importance of transparency and aim to minimize any additional costs for our members.
2. Lack of Insurance Benefits: It’s important to note that our membership program does not include insurance benefits. While we prioritize providing valuable rewards and perks, we acknowledge the significance of comprehensive coverage for our members’ peace of mind.

BPCL SBI Credit Card Octane Features and Benefits

BPCL SBI Card Octane: Your Ultimate Fuel Credit Card Companion. Elevate your credit card experience with the BPCL SBI Card Octane, offering an array of exciting features and rewards tailored to your lifestyle. Here’s a detailed breakdown of what this exceptional card has to offer:

Welcome Benefits:

Upon card activation, delight in a generous welcome bonus of 6,000 bonus Reward Points. Additionally, upon each renewal, provided the membership fee is paid, enjoy another 6,000 Reward Points, ensuring a rewarding start to your membership.

Milestone Benefits:

Achieve an annual expenditure milestone of Rs. 2,00,000 and revel in the luxury of having your annual renewal fee for the following year waived off. It’s our way of rewarding your continued loyalty and spending.

Travel Benefits:

Indulge in the luxury of travel with four complimentary domestic airport lounge visits annually, allowing you to relax and unwind before your journey. With one visit per quarter, you can travel in style and comfort, courtesy of the BPCL SBI Card Octane.

Dining and Movie Benefits:

Savor the flavor of rewards with accelerated earning rates of 10x Reward Points on dining bills at select restaurants. Plus, enjoy the same rate on expenditures at departmental stores and movie ticket purchases, with up to 7500 Reward Points available every month.

Fuel Surcharge:

Say goodbye to unnecessary expenses with a 1% waiver on fuel surcharge for transactions up to Rs. 4,000 at all petrol pumps nationwide. Maximize your savings with a maximum monthly waiver of Rs. 100.

Rewards Program:

Earn generously with our comprehensive rewards program:

• Fuel up with 25x Reward Points at BPCL fuel stations, ensuring you earn rewards every time you fill up your tank.
• Enjoy the same accelerated rate of 10x Reward Points on dining, departmental store, and movie ticket purchases.
• Earn 1 Reward Point for every Rs. 100 spent on all other expenditures, excluding fuel purchases at non-BPCL stations and mobile wallet uploads.

Rewards Redemption:

Redeem your hard-earned Reward Points conveniently:

• Utilize them for purchasing gift vouchers on sbicard.com or SBI’s mobile app.
• Offset your statement bill by redeeming points against cash through email or SBI’s customer care.
• Redeem points directly at BPCL fuel stations.

Eligibility Criteria:

While there are no fixed eligibility criteria for the BPCL SBI Octane card, applicants should meet the following basic requirements:

• Be at least 18 years of age.
• Have a stable income.
• Maintain a good credit history/score.

Required Documents:

To apply for the BPCL SBI Card Octane, ensure you have the necessary documents ready, as per SBI’s requirements.

How to Apply for BPCL SBI Credit Card Octane?

Applying for the BPCL SBI Credit Card Octane is a breeze, offering you the convenience of both online and offline application methods. Here’s a step-by-step guide to get you started:

Online Application:

1. Visit the Official Website: Navigate to the official website of SBI Card to begin your application process.
2. Explore Credit Card Options: Browse through the various categories of SBI Credit Cards until you find the BPCL SBI Card Octane listed under the travel and fuel category.
3. Initiate Application: Click on the ‘Apply Now’ button next to the BPCL SBI Card Octane to kickstart your application process.
4. Follow Instructions: Follow the prompts and provide the required information as instructed. Ensure accuracy and completeness in filling out the application form.
5. Submission: Once you’ve completed all necessary steps, submit your application and await further instructions from SBI Card.

Offline Application:

Alternatively, if you prefer the traditional route, you can visit the nearest SBI branch and fill out a physical application form for the BPCL SBI Credit Card Octane.

SBI Customer Care:

For any assistance or queries regarding the application process, SBI offers round-the-clock customer support. Reach out to SBI’s customer care team at any time by dialing the toll-free numbers provided:

• 1800 180 1290
• 1860 180 1290
• Contact the bank at 39020202 (prefix STD code)

In case of card loss or theft, promptly block your card by sending an SMS with the text “BLOCK” to 5676791.

BPCL SBI Card OCTANE Review:

The BPCL SBI Credit Card Octane stands as a top choice in the realm of fuel credit cards. Offering a blend of fuel benefits and travel perks, it caters to both road trip enthusiasts and frequent flyers alike. With no fixed eligibility criteria, it’s accessible to a wide range of applicants.