- Joining fee
Rs. 1,499 + GST
- Annual fee
Rs. 1,499 + GST
- Best suited for
Travel, Fuel, Food
- Reward type
Reward Points
Rewards
- Rewards rate
25 Reward Points/₹100 Spent at BPCL Fuel Stations (Reward Rate = 7.25%), 10 RPs/₹100 Spent on Groceries, Departmental Stores, and Movie Tickets, and 1 Reward Point for Every ₹100 Spent on All Other Expenditures
- Welcome benefits
6,000 Bonus Reward Points Worth ₹1,500
- Reward redemption
Redeem RPs for Fuel at BPCL Stations, Against Statement, or for Products and Vouchers With SBI
Benefits
- Movie & dining
Accelerated 10 Reward Points for Every ₹100 Spent on Dining and Movie Tickets.
- Travel
Complimentary domestic airport lounge visits
- Domestic lounge
4 complimentary access to domestic lounges every year (1 per quarter).
- Insurance
Fraud Liability Cover of ₹1 Lakh
Fees & charges
- Spend-based waiver
Next year’s renewal fee waived on annual expenditure of Rs. 2 lakh.
- Rewards redemption fee
Rs. 99 (plus applicable taxes) per redemption request.
- Foreign currency markup
3.5% of the transaction amount
- Interest rates
3.75% Per Month (45% Per Annum)
- Fuel surcharge waiver
1% fuel surcharge waiver on transactions up to Rs. 4,000 (max waiver of Rs. 100 in a month)
- Cash advance charges
2.5% of the withdrawn amount (subject to a minimum charge of Rs. 500)
Product highlights
- Get 6,000 Bonus RPs on the realization of the annual membership fee as a welcome benefit.
- 25 reward points on spending Rs. 100 for fuel purchases at BPCL refill stations (maximum 2,500 reward points per month).
- 10 reward points per Rs. 100 spent on groceries, departmental stores and movie ticket purchases (maximum 7,500 reward points per month).
- 1 reward point per Rs. 100 you spend on other retail purchases, except mobile wallet uploads and expenditures on non-BPCL fuel stations.
- 1% fuel surcharge waived on all petrol transactions up to Rs. 4,000.
- 4 complimentary access to domestic lounges annualy (1 per quarter).
- Gift Vouchers worth Rs 2,000 from Aditya Birla Fashion or Yatra or Urban Ladder or Hush Puppies or Bata on annual expenditure of Rs. 3,00,000 or above.
- Renewal fee waived off if Rs. 2,00,000 were spent in the last year.
- Complimentary Fraud Liability cover of Rs. 1 Lakh
Pros & cons
Pros
- Welcome benefit of 6,000 Reward Points worth Rs 1500
- Enjoy 10 Reward Points on spend of Rs. 100 at dining, movies and departmental stores.
Cons
- There is a reward redemption fee of Rs. 99.
- No insurance benefits are included with this account.
FAQs
What is the monetary value of the reward points earned?
4 reward points = ₹1, so each reward point is valued at ₹0.25.
How long are the reward points valid?
The reward points are valid for a period of 24 months (2 years) from the date of accumulation.
Do I get any reward points for fuel purchases at non-BPCL fuel stations?
No. You get reward points only at BPCL (Bharat Petroleum) fuel stations. However, the 1% fuel surcharge waiver applies to all fuel stations across India.
Do I get the 6,000 reward points every year the membership is renewed?
Yes, but only if the membership fee is paid and not waived off (i.e., you spent less than Rs. 2 lakh in the previous year).
Can I redeem the reward points to pay my card bills?
Yes, reward points can be redeemed for paying card bills. To do so, you need to contact the bank’s customer care.
Can I upgrade from a BPCL SBI Card to a BPCL SBI Octane Credit Card?
No, an upgrade from the basic BPCL SBI is not possible to BPCL SBI Octane. You ould need to apply for the superior card separately after closing the basic one.