Business
SBI BPCL Credit Card: Fuelling Your Finances with Rewards and Savings
SBI’s co-branded Credit Cards, i.e. BPCL and its Premium variant, Octane, allow the cardholders to maximize their savings on fuel spending, apart from the rewards achieved on departmental stores, dining, movies, and groceries, as well as on other retail purchases. To summarise, these cards offer the best value proposition in the category with unparalleled convenience to customers. Also, it has crossed a 2 million customer base since its launch, becoming one of the fastest-growing co-branded credit cards in India.
Should You Get an SBI BPCL Credit Card?
You should consider this card if:
- In case your monthly expenses on fuel are almost INR 4500, get the annual fee waiver also.
- If you have a BPCL outlet nearby to access the card.
- If you can spend the amount required for the waiver of fees, you can spend milestones on other cards owned by you.
Pros and Cons of SBI BPCL Card
- Pros
- Get the annual fees waived on achieving a certain spending limit.
- Get your SBI Credit Card Reward Points Convert to Cash.
- Get 3.25% rewards on fuel.
- Get 1.25% rewards on dining, grocery, and departmental stores.
- There is an extensive list of supported BPCL outlets in the case of rewards redemption.
- Cons
- 0.25% returns on other spend limits.
Features and Benefits
Mentioned below are the features and benefits of the SBI BPCL Card:
- Get 2000 Bonus Reward Points worth INR 500 on the realisation of the annual fees.
- In case INR 50,000 or more are spent, get a waiver on the annual fees.
- Get 5X Reward points on spending on movies and dining.
- Get a 1% waiver on fuel surcharges up to INR 4000, a maximum of up to INR 100 per statement cycle.
- Get 1 RP for every INR 100 spent on non-fuel transactions.
- Get 5 RP for every INR 100 spent on departmental stores, groceries, dining, and movies.
- Get 13 RP on fuel transactions at BPCL stations.
- Get an annual savings of nearly 50 litres of fuel.
Eligibility Criteria
Mentioned below are the eligibility criteria to be met in order to apply for the SBI BPCL Credit Card:
- The minimum age of an applicant should be 18 years.
- The maximum age of an applicant should be 60 years.
- An applicant should either be a self-employed applicant or salaried.
- An applicant must have a decent credit score (i.e. preferably above 750).
- There should be a regular source of income.
Fees and Charges
Mentioned below are the fees and charges associated with SBI BPCL Credit Card:
| Type of Fee/ Charge | Amount |
| Joining Fee | INR 499 |
| Annual/ Renewal Fee | INR 499 (Reversed on spending INR 50,000 in a year) |
| Finance Charges | 3.5% p.m. (42% p.a.) |
| Late Payment Fee | For Statement Balance Less than INR 500: NilINR 500 up to INR 1,000: INR 400INR 1,000 up to INR 10,000: INR 750INR 10,000 up to INR 25,000: INR 950INR 25,000 up to INR 50,000: INR 1,100Amount over INR 50,000: INR 1,300 |
Documents Required
Mentioned below is the list of documents required to apply for SBI BPCL Credit Card:
- Identity Proof:
- PAN Card
- Aadhar Card
- Driving License
- Passport
- Voter’s ID
- Overseas Citizen of India Card
- Person of Indian Origin Card
- Job Card issued by NREGA
- Letter issued by UIDAI or any other government-approved ID proof
- Address Proof:
- Aadhar Card
- Driving License
- Passport
- Utility Bill
- Ration Card
- Property Registration Document
- Person of Indian Origin Card
- Job Card issued by NREGA
- Bank Account Statement or any other government-approved ID proof
- Income Proof:
- The latest one or 2 Salary Slip
- Latest Form 16
- Last 3 months’ bank statement
How to apply for an SBI BPCL Card?
Mentioned are the steps to apply for an SBI BPCL card online:
Step 1: Launch the official website of SBI Card. Click on the Credit option and select a card from the category that fits the requirement best.
Step 2: Choose “SBI BPCL Credit Card” from the list of cards available.
Step 3: Now click ‘Apply Now’ and fill in the E-Apply form / Online Application form.
Step 4: Click ‘Submit’, and an instant reply will be received on the application on the basis of the information provided.
Step 5: If the application is approved, a call will be received from the SBI Card team for verification.
Step 6: Post necessary verification, and the card will get issued to the applicant.
Steps to Apply an Add-On Card
SBI Add-on Card can be applied online along with the primary card. Otherwise, mentioned below are the steps to apply for an SBI Add-On Card:
Step 1: Log in to the account either on the SBI’s official website or the mobile app.
Step 2: Now click “Services” and then on “Add-on Card”.
Step 3: Fill out the application form.
Step 4: Submit the KYC documents.
Step 5: After verification of the submitted KYC documents, an add-on card will be issued.
Reasons for Credit Card Application Getting Rejected
- Non-availability of required information/documents
- Low Credit Score
- Low Income
- Age Eligibility, etc.
How to Upgrade to a New Credit Card?
A cardholder can upgrade to a new credit card only if he/ she is eligible for the same. Mentioned below are the steps to upgrade to a new SBI Card:
Step 1: Once the eligibility criteria are met, log in to the SBI Card.
Step 2: Under “Benefits”, click on “Card Upgrade”.
Step 3: It will show the recommended credit cards that can be selected for an upgrade, along with their features, benefits, fees, charges, etc.
Step 4: Click on “Submit” to raise a request for an upgrade to a new credit card.
Also, cardholders may visit the bank or contact the customer care number to request an upgrade of the credit card. The customer care number is 1860 180 1290 or (STD Code) 390202.
SBI Bill Payment Processing Time Through the Various Methods
| Method | Processing Time |
| Online SBI | Instantly |
| Pay Net-Pay Online (Bill Desk) | Instantly |
| Debit Card/ATM | Instantly |
| SBI Mobile Banking | Instantly |
| SBI Card Mobile App | Instantly |
| Visa Credit Card Pay | Within 3 working days |
| NEFT/RTGS | If Payment is made by 3:30 pm, then the amount will be credited within 3 banking hours. |
| UPI | Instantly |
