Launched by SBI Card in partnership with BPCL, SBI BPCL Credit Card is a co-branded fuel credit. It is an entry-level offering and comes with a nominal membership fee of just Rs. 499 per annum. Being a fuel credit card it provides a total value back of 4.25% (3.25% reward rate and 1% surcharge waiver) on fuel transactions at all BPCL stations.
In addition to fuel benefit, you also get accelerated 5X Reward Points on spends on departmental stores, dining, movies and grocery categories. Since it is an entry-level credit card, you do not get any other value-added travel or lifestyle benefits. Keep reading the article to know more about this card –
- Joining Fee- Rs. 499 (plus applicable taxes)
- Renewal Fee- Rs. 499 (plus applicable taxes)
- Best Suited For- Fuel
- Reward Type- Reward Points
- Welcome Benefits- 2,000 Activation Bonus Reward Points worth Rs. 500 on payment of joining fee (credited after 20 days of the payment of joining fee).
Rewards and Benefits
- Movie & Dining- 5X Reward Points on movie and dining spends
- Rewards Rate- 1 Reward Point per Rs. 100 (reward rate = 0.25%), 5x RPs on dining, movies, departmental stores, and groceries (reward rate = 1.25%), 13X RPs at BPCL pumps (reward rate = 3.25%)
- Reward Redemption- Reward Points redeemable against gift vouchers on sbicard.com or on SBI mobile app, for purchases at BPCL petrol stations and against cash (card’s statement balance). 4 Reward Points = Re. 1.
- Travel- N/A
- Golf- N/A
- Domestic Lounge Access- N/A
- International Lounge Access- N/A
- Insurance Benefits- N/A
- Zero Liability Protection- Cardholder shall not be liable for any fraudulent transaction made on the card post reporting the loss of card to the bank.
Fees & Charges
- Spend based Waiver- Renewal fee is waived off on a minimum spend of Rs. 50,000 in an anniversary year.
- Rewards Redemption Fee- Rs. 99 (plus applicable taxes) per redemption request
- Foreign Currency Markup- 3.5% of the transaction amount
- Interest Rates- 3.5% per month (42% per annum)
- Fuel Surcharge- 1% fuel surcharge waived off at all fuel stations across India for transactions up to Rs. 4,000 (max waiver capped at Rs. 100 per month)
- Cash Advance Charge- 2.5% of the withdrawn amount (subject to a minimum charge of Rs. 500)
- Add-on Card Fee- Nil
Product Details
- 2,000 Activation Bonus Reward Points worth Rs. 500 on payment of joining fee.
- 1 Reward Point per Rs. 100 spent with the card.
- 5X Reward Points on departmental stores, groceries, dining, and movie spends.(Up to 5000 Reward Points per month)
- 13X Reward Points on fuel spends at BPCL filling stations. (Maximum 1300 Reward Points per billing cycle)
- 1% fuel surcharge waived off at all filling stations across India for transactions up to Rs. 4,000(max waiver capped at Rs. 100 per month).
- Annual renewal fee waived off on expenditure of Rs. 50,000 in the preceding year.
BPCL SBI Credit Card Welcome Benefits:
- 2,000 Bonus Reward Points worth Rs. 500 on the realization of the annual fee. ( credited after 20 days of the payment of joining fee)
BPCL SBI Credit Card Rewards:
- 1 Reward Point for every Rs. 100 spent using this card.
- 5 Reward Points on every Rs. 100 spent on groceries, departmental stores, dining, and movies (max 5,000 Reward Points per month at an accelerated rate).
- 13 Reward Points on every Rs. 100 spent on fuel purchases at BPCL stations (max 1,300 Reward Points per month at accelerated rate)
Rewards Redemption
Reward points can be redeemed in the following ways:
- On sbicard.com or on SBI’s mobile app for purchasing gift vouchers.
- Against cash (i.e. against the statement balance of the card) by writing an email or calling SBI’s customer care.
- At BPCL fuel stations.
- 4 Reward Points are equivalent to Re. 1.
- The reward points earned expire after 2 years (24 months) from the date of accumulation.
Milestone Benefit:
The renewal fee of Rs. 499 of this credit card can be waived if the cardholder is able to spend Rs. 50,000 or more using his credit card in an anniversary year.
Movie and Dining Benefits:
- 5X Reward Points (5 Points per Rs. 100) on movie and dining spends.
Fuel Surcharge Waiver
- 1% fuel surcharge waiver at all fuel stations across India on every transaction of upto Rs. 4,000.
- Maximum surcharge waiver is capped at Rs. 100 per statement cycle.
How To Apply?
You can apply for the credit card online on sbicard.com or using their chatbot ELA. Alternatively, you can also dial their helpline at 39020202 (prefix STD code) or visit your nearest SBI branch and submit the required documents.
Conclusion
BPCL SBI Credit Card is a decent fuel credit card in the entry-level segment. You not only get a total value back of 4.25% (including the surcharge waiver of 1%) on fuel purchases but also a reward rate of 1.25% on movie, dining, grocery and departmental store spends. If however, you want a higher reward rate and some additional travel benefits like complimentary airport lounge visits, you may also check out the BPCL SBI Card Octane.
