BPCL SBI Octane Credit Card
SBI Card
Annual Fee
₹1,499
Joining Fee
₹1,499 + GST
Base Reward
1% points
Foreign Markup
3.5% of the transaction amount
Fee Waiver
Next year’s renewal fee waived on annual expenditure of ₹2 lakh
Interest Rate
3.75% Per Month (45% Per Annum)
Welcome Benefits
6,000 Bonus Reward Points Worth ₹1,500
Product Highlights
- 6,000 Bonus Reward Points on the realization of the annual membership fee as a welcome benefit
- 25 reward points on spending ₹100 for fuel purchases at BPCL refill stations
- 10 reward points per ₹100 spent on groceries, departmental stores and movie ticket purchases
- 1% fuel surcharge waived on all petrol transactions up to ₹4,000
Rewards
25 Reward Points for every ₹100 spent at BPCL fuel stations (Reward Rate = 7.25%), 10 Reward Points for every ₹100 spent on groceries, departmental stores, and movie tickets, and 1 Reward Point for every ₹100 spent on all other expenditures.
Redemption
Redeem RPs for Fuel at BPCL Stations, Against Statement, or for Products and Vouchers With SBI
Category Rewards
| Category | Reward Rate | Monthly Cap |
|---|---|---|
fuel | 7.25%(7.25% Value Back) | No cap |
dining | 10%(10 Reward Points/₹100) | No cap |
shopping | 10%(10 Reward Points/₹100) | No cap |
Merchant-Specific Rewards
| Merchant | Reward | Context |
|---|---|---|
| BPCL | 25 Reward Points/₹100(Maximum 2,500 reward points per month) | offline |
Benefits & Features
Domestic: 4 complimentary access to domestic lounges every year (1 per quarter) International: N/A Full lounge access description not provided
Fees & Charges
Eligibility
Min Age
18 years
Min Income (Salaried)
₹30,000
Available Networks
Pros & Cons
Pros
- Welcome benefit of 6,000 Reward Points worth ₹1500
- Enjoy 10 Reward Points on spend of ₹100 at dining, movies and departmental stores
Cons
- There is a reward redemption fee of ₹99
- No insurance benefits are included with this account
Additional Info
Maximum 2,500 reward points per month on fuel purchases