BPCL SBI Card is a co-branded fuel credit card jointly launched by SBI Card and Bharat Petroleum Corporation Ltd (BPCL), in December 2017.
The card claims to provide the most rewarding fuel saving benefits for the card holders. Designed to serve the mass affluent consumer segment which consumes a significant amount of fuel on a daily basis, the BPCL SBI Card offers significant savings proposition on fuel.
The fuel credit card provides up to 5% savings on fuel which is approximately equal to 70 litres of fuel per year. Further, it also offers accelerated savings on other categories of spends including groceries, entertainment, utility bill payments, and lot more. It also comes with a comprehensive reward points programme.
The BPCL SBI card offers a bundle of features and benefits for its users. Besides providing fuel savings, the card is designed with the features of regular credit card such as balance transfer on EMI option, global acceptance, flexipay, auto payment option and lot more. Let’s look at each one of them in detail.
The activation bonus reward points will be credited 20 days after paying the joining fee.
A tenure period of 6, 9, 12 or 24 months is available for repayment. A flat interest rate of 14.5% p.a. and an one-time processing fee of 2% will be charged for conversion.
The fees and charges applicable for the co-branded fuel credit card are listed below
|One-time annual fee||Rs.499|
|Renewal fee||Rs.499 (Applicable from second year and is reversible if the spend in first year equals or exceeds Rs.50,000)|
|Add-on card fee||NIL|
|Total Amount Due (Rs.)||Fee (Rs.)|
|0 – 200||Nil|
|201 - 500||100|
|501 – 1,000||400|
|1,000 – 10,000||500|
|Greater than 10,000||750|
|Cheque pickup fee||Rs.90|
|Statement retrieval fee||Rs.100 per statement (more than 2 months old)|
|Charge slip retrieval fee||Rs.225 per charge slip|
|Card replacement charge||Rs.100|
|Rewards redemption fee||Up to Rs.99|
|Payment dishonour fee||2% of the payment amount, subject to a minimum of Rs.450|
|Cash payment fee||Rs.100|
|Emergency card replacement in abroad||Nil|
|Over limit fee||2.5% of the over limit amount (min. Rs.500)|
|Foreign currency transaction fee||1.99% conversion mark-up|
Individuals who wish to apply for BPCL SBI credit card can check their eligibility using the ‘SBI Card’ website or by contacting the SBI Card helpline at 3902020.
To check online follow the steps mentioned below
If you’re eligible for the card, your credit limit will be displayed online, which means you application has been approved online.
The bank executives will approach you in next two working days and will inform you about the required documents and set an appointment to collect the same from you. Once the documents are submitted, the bank will take up to 21 days to process the application.
If you’re not eligible for the card, the same will be displayed instantly.