Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • BPCL SBI Card Octane

    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.

    Key Features of the BPCL SBI Card OCTANE

    • Welcome benefits of 6,000 reward points.
    • Get value-back benefits of up to 7.25% reward points on fuel purchases at BPCL petrol pumps.
    • 25 reward points on every Rs.100 spent at BPCL petrol pumps.
    • Fuel surcharge waiver at all BPCL petrol pumps.
    • 4 complimentary lounge visits at domestic airports.
    • Complimentary fraud liability cover of Rs.1 lakh.

    Features and Benefits of the BPCL SBI Card OCTANE

    Welcome Benefits
    • Avail a welcome benefit of 6,000 reward points on paying the annual fee.
    Value-back Benefits
    • Enjoy a Value back of 7.25% on fuel purchases at BPCL petrol pumps.
    • Get up to 25x reward points on fuel purchases.
    • 6.25% Value back plus 1% fuel surcharge.
    • Maximum of 2,500 reward points per month.
    Reward point Benefits
    • Get 10 reward points on every Rs.100 spent on dining, movie, grocery, and departmental stores.
    • Avail 25 reward points for every Rs.100 spent on fuel at BPCL petrol pumps all over the country.
    Fuel surcharge Benefits
    • 1% fuel surcharge on fuel transactions at all BPCL fuel pumps in India.
    • Fuel surcharge waiver will be applicable on all purchases amounting to Rs.4,000.
    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.

    BPCL SBI Card OCTANE Limit

    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.

    BPCL SBI Card OCTANE Fees and Charges

    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
    • If the total amount due is between 0 and Rs.500 - Nil
    • Between Rs.501 and up to Rs.1,000 – Rs.400
    • Between Rs.1,001 and Rs.10,000 – Rs.750
    • Between Rs.10,001 and Rs.25,000 – Rs.950
    • Between Rs.25,001 and Rs.50,000 – Rs.1,100
    • More than Rs.50,000 – Rs.1,300
    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

    Eligibility Criteria for BPCL SBI Card OCTANE

    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.

    Documents Required for the BPCL SBI Card OCTANE

    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 -

    FAQs

    1. How many reward points will I receive on my fuel transactions?

      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.

    2. Is there an annual fee waiver on the BPCL SBI Card OCTANE?

      Yes, if your annual spend amount to Rs.2 lakh, your annual fee of Rs.1,499 for the next year will be waived.

    3. What is the maximum fuel surcharge waiver given with the BPCL SBI Card OCTANE?

      A maximum surcharge waiver of Rs.100 is given per statement cycle with this credit card.

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