BPCL SBI Credit Card

Depending on the card, fuel transactions may not be eligible for rewards, while others may be subject to a surcharge. There are a few fuel credit cards that provide us with good savings on fuel expenses. BPCL SBI credit card is one such good option if you use BPCL fuel pumps. With the BPCL SBI credit card, you can get 3.25% back on fuel purchases, and 1.25% back on department store and grocery purchases. Furthermore, it waives a 1% fuel surcharge so we don’t have to pay extra at the pump if we use a credit card.

Fees

Joining Fee	Rs 499+GST ~Rs 589
Welcome Gift	2000 Reward Points ~Rs 500 Value
Annual Fee	Rs 499+GST ~Rs 589
Annual Fee Waiver	On spends of Rs 50,000 in a year
Renewal Benefit	None

Unlike other issuers, SBI Card always charges a joining fee for credit cards. But, this is offset by the welcome gift. The annual fee waiver is relatively less at Rs 50000 spends for the rewards it provides.

Rewards

Type of Spend	Reward Points	Return
BPCL Fuel, Lubricants & Bharat Gas Spends	13 RP / Rs 100 *Maximum 1300 RP per billing cycle * Max transaction value for rewards: Rs 4000	3.25%
Dining, Departmental Stores, Grocery & Movies	5 RP / Rs 100 *Maximum 5000 RP per month	1.25%
Other spends (Except Non-BPCL Fuel and Wallets)	1 RP / Rs 100	0.25%

It will take Rs 10,000 in fuel transactions to reach the maximum cap of accelerated fuel rewards. This is sufficient for most of the customers. And yes, you can also hit the spends required for annual fee waiver by just using the card for fuel. This is what makes the BPCL SBI credit card a good option for fuel. You don’t need to spend in other categories and get a low reward rate just to meet annual fee waiver spends.

Rewards Redemption

Each reward point is worth 25p. We can redeem the reward points for either fuel or from the reward catalogue. Fuel makes more sense as it is instant redemption at the listed outlets. We need a minimum of 1000 reward points before making a redemption.

PoS redemption is supported at outlets listed here.
E-Voucher redemption is supported at outlets listed here.

No Complimentary Airport Lounge Access on the BPCL SBI Credit Card

Domestic Airport Lounge Access: Not Available
International Airport Lounge Access: Not Available

Key Benefits and Charges

Fuel Surcharge Waiver: 1% waiver on fuel transactions up to Rs 4000. Maximum surcharge waiver of Rs 100 in a statement cycle.
Rent Payment Charges: Rs 199+GST for each transaction
Foreign Currency Markup: 3.5%+GST ~4.13%
Interest Rate: 3.5% per month or 42% annually

Pros and Cons of BPCL SBI Credit Card

Should you get the BPCL SBI Credit Card?

Fuel credit cards are generally not a good fit as they offer good rewards only for fuel transactions. Plus in most cases, the reward rates are not good with lesser caps. BPCL SBI Credit Card addresses these limitations to a large extent. Consider this card if:

Monthly spends on fuel spends are around Rs 4500. This will also waive off the annual fee.
You are able to spend the required amounts for a fee waiver, spend milestones on the other credit cards you hold
Last but obvious one – There is a BPCL outlet nearby to use this card

If your monthly spends on fuel are around Rs 10000, also check out the higher variant of this card – BPCL SBI Credit Card OCTANE. If you are looking out for a fuel credit card, do check out this post on the best fuel credit cards in India.

Frequently Asked Questions