BPCL SBI Octane Credit Card Review
BPCL SBI Octane Credit card is a premium fuel card with 6.25% cashback on every transaction of Fuel, lubricants at BPCL petrol pump and Bharat Gas with no upper limit on cashback. Also, this card gives 2.5% cashback on a limited lifestyle-category that is mentioned below make this card one of the best options for high spending on fuel.
Now, no upper limit on cashback, but is it really needed for you ?
We will review it in detail, eligibility, benefits and rewards with examples, pros and cons and at the end, my verdict on who should apply and who should not, so read this review article completely till the end before applying.
BPCL SBI Octane Credit Card Features
| Feature | Details |
|---|---|
| Joining Fee | ₹1,499 + GST (18%) |
| Annual Fee | ₹1,499 + GST (18%) |
| Fee Waiver | Annual fee waived off on ₹2 Lakh spend |
| Base Reward Rate | 6.25% |
| Best Reward Categories | fuel |
| Forex Markup | 3.5% |
| Lounge Access | 4 Domestic Lounge Access in a year (per quarter) |
BPCL SBI Octane Credit Card Eligibility Criteria
| Criteria | Details |
|---|---|
| Minimum Income | ₹25,000 / month |
| Employment Type | Salaried & Self Employed |
| Age Requirement | 18-65 Years |
You can apply if your credit score is good because the approval rate of this card is very good.
BPCL SBI Octane Credit Card Rewards & Benefits
| Reward Type | Details |
|---|---|
| Welcome Bonus | 6,000 Reward Points (₹1,500) on 1st Transaction. |
| Bonus Categories | SBI Card, Fuel Card |
| Reward Structure |
|
| Reward Exclusions | No any cashback on Non-BPCL Fuel, Wallet loads, EMI, etc. |
| Reward Expiry | 5 Years |
This is also one of the best fuel cards with no upper limit on reward points for fuel, and also gives other benefits too, so let’s discuss all simply –
- 25x Reward points for every ₹100 spent on BPCL Fuel Station or Bharat Gas (App / Website)
- 4 Reward points = ₹1, so 25 points are equal to ₹6.25, which means 6.25% Cashback on every fuel spent.
- Apart from this, it has 1% Fuel surcharge waiver also on up to ₹4,000 transactions with a maximum limit of ₹100 / Month.
Now, understand with an example –
If you spent ₹10,000 on BPCL Petrol pump, then you’ll get 2500 reward points = ₹625 (6.25%), so you’ll save 6.25% on your fuel spent, which makes it one of the best fuel card with no upper Limit. + till ₹10,000 spent you’ll get surcharge waiver also so effective saving will be ₹725, but after ₹10K spent you’ll get (6.25% on all transactions)
Now, the best thing about this card is that apart from fuel spending, this card also gives 10x reward points on every ₹100 spent (2.5% cashback on departmental stores, Dining, Grocery stores, and movie tickets, that not provided by most fuel card but this card has a plus point in this also.
1 Reward point for every ₹100 on all other eligible spends except the excluded list.
How to Apply for BPCL SBI Octane Credit Card
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Check Eligibility
If your monthly income is ₹25,000 or more , your age falls within 18-65 Years , and you are a Salaried or Self-Employed applicant , and you meet other basic requirements, you can apply for the BPCL SBI Octane Credit Card by following the steps below.
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Click Apply Now
Click the apply button below to visit the official application page. The process is secure, fully online, and can be completed in just a few minutes.
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Fill Application Form
Enter your personal, employment, and income details accurately as per your official documents.
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Submit Documents
Upload PAN, Aadhaar, address proof, and income proof if requested during the application.
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Approval & Delivery
Once approved, your credit card will be dispatched and delivered to your registered address.
Pros & Cons
Pros
- 6.25% + 1% Surcharge waiver is Good cashback on Fuel Spent.
- No limit cap on Fuel spend.
- 2.5% Cashback on Dining, Grocery, Movies, etc. that addition is very good.
- 4 Lounge access (per quarter) without spend limit.
- Annual fee waived off on just ₹2 Lakh.
Cons
- Not for non-BPCL users.
- Less reward rate than RBL Indian Oil Xtra.
Our Verdict
On every ₹100 spent on a BPCL petrol pump, you’ll get 6.25% Cashback with no upper limits. This card is useful for those who spent high on fuel every month, and those points can be used on any BPCL pump easily.
If you have a high spending on fuel and can access the BPCL Fuel station easily, then this SBI BPCL Octane card can save your lot of money on every transaction with no upper limit, along with cashback on other categories, such as grocery, dining and movie spending (2.5%).
For the BPCL spent, this card is recomended but if you want a fuel card for other oil companies, then you can click here and find the best fuel card
Now, it is clear that to get the maximum benefit of this card, you need high spending through the BPCL petrol pump, but if you have low fuel spending, then you can choose its lower variant also with lower charges.
