Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
The BPCL SBI Card OCTANE is a fuel credit card by the State Bank of India in collaboration with the Bharat Petroleum Corporation Limited. This credit card comes with a host of features and benefits across different categories which include fuel, travel, reward points, and milestone benefits.
The joining fee of the BPCL SBI Card OCTANE is Rs.1,499 and comes with an annual fee of Rs.1,499 as well. The State Bank of India charges an interest rate or finance charge of 3.35% per month.
| Welcome Benefits |
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| Value-back Benefits |
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| Reward point Benefits |
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| Fuel surcharge Benefits |
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| Travel Benefits | Get 4 complimentary lounge visits at domestic airports per year. |
| Milestone Benefits | On annual spends of Rs.3 lakh, get a gift voucher worth Rs.2,000 from Aditya Birla Fashion, Hush Puppies, Yatra, or Urban Ladder. |
| Insurance Benefits | >Avail a complimentary Fraud Liability Cover of Rs.1 lakh. |
| Balance Transfer Benefits | Transfer the outstanding balance of other credit cards to your BPCL SBI Card OCTANE with the balance transfer facility. |
| Flexipay | Convert your purchases of over Rs.2,500 to Easy Monthly Installments with the Flexipay facility. |
| Contactless Technology | The BPCL SBI Card OCTANE comes with contactless technology. |
The credit limit of the BPCL SBI Card OCTANE will be assigned by the bank. The State Bank of India takes many factors into consideration before assigning a credit card limit such as the credit score of the applicant, the credit utilisation ratio along with their repayment habits of past debts.
| Type of Charge | Amount |
|---|---|
| Annual fee | Rs.1,499 |
| Finance charges | 3.35% per month |
| Joining fee | Rs.1,499 |
| Add-on card fee | Nil |
| Minimum amount due | 5% of the total outstanding amount |
| Interest-free credit period | 20 - 50 days |
| Free credit period | Nil |
| Cash advance limit | Up to 80% of the credit limit (maximum of Rs.12,000 per day) |
| Statement retrieval | Rs.100 per statement |
| Cash advance fee | 2.5% of the transaction amount (subjected to a minimum of Rs.500) |
| Cheque payment fee | Rs.100 |
| Late payment fee |
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| Cheque pickup | Rs.100 |
| Over limit fee | 2.5% of the over limit amount (subjected to a minimum of Rs.500) |
| Emergency card replacement abroad | Nil |
| Rewards redemption fee | Rs.99 |
| Foreign currency transaction | 3.5% |
| Card replacement fee | Rs.100 |
| Payment dishonour fee | 2% of the payment amount (subjected to a minimum of Rs.500) |
| Cash payment fee | Rs.199 |
| Credit Score | Applicants having a good credit score will be eligible for the card. |
| Nationality | He or she must be a citizen of India. |
| Age | The applicant must be at least 18 years old. |
| Employment status | The primary applicant must be salaried or self-employed. |
| Identity Proof | Proof of Address | Income Proof |
|---|---|---|
| Voter ID | Passport | IT Returns |
| Aadhaar Card | Ration Card | Form 16 |
| Driving License | Voter ID | Salary Slip |
| - | Aadhaar Card | - |
At all BPCL petrol pumps, you will receive up to 25 reward points on every Rs.100 spent. Along with this, the fuel surcharge will also be waived on transactions amounting to Rs.4,000.
Yes, if your annual spend amount to Rs.2 lakh, your annual fee of Rs.1,499 for the next year will be waived.
A maximum surcharge waiver of Rs.100 is given per statement cycle with this credit card.
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