SBI BPCL Credit Card Review: Features, Benefits, Fees & More
SBI BPCL Credit Card offers an impressive 4.25% value-back on fuel purchases at Bharat Petroleum petrol pumps, making it a top choice for frequent fuel buyers.
Overview
This credit card, a collaborative effort between SBI and Bharat Petroleum, brings numerous benefits, especially for those who make regular fuel purchases. For a moderate joining fee of Rs. 499, the rewards and savings on offer are quite attractive.
WHY SHOULD YOUR FRIENDS & FAMILY APPLY FOR SBI BPCL CREDIT CARD
- 2,000 Activation Bonus Reward Points worth Rs 500 on payment of joining fee
- 4.25% Valueback – 13X Reward Points on fuel purchases at BPCL petrol pumps
- 3.25% + 1% Fuel surcharge waiver on every BPCL transaction Upto Rs 400
- 5X Reward Points on every Rs 100 spent at Groceries, Departmental Stores, Movies & Dining
- Get 1 Reward Point for every Rs 100 spent on non-fuel retail purchases
- 10% Instant Discount with SBI Card during Big E-commerce Sales
Key Highlights
- 4.25% value-back on fuel purchases at BPCL pumps
- Up to 5X reward points on groceries, dining, and more
- Low joining and annual fees (Rs. 499)
- 2,000 bonus reward points on first-time usage
Reward Points Structure
The SBI BPCL Credit Card provides significant rewards on various categories:
| Category | Reward Points |
|---|---|
| Fuel at BPCL | 13X points |
| Groceries, Dining, Movies | 5X points |
| Other Retail Purchases | 1 point per Rs. 100 |
For every Rs. 4,000 spent on fuel at BPCL pumps, you get 13X reward points, equivalent to 4.25% value-back when combined with a 1% fuel surcharge waiver.
Other Benefits
Besides reward points, the card comes with several other perks:
- Contactless transactions
- EMI conversion options for purchases over Rs. 2,500
- Welcome benefit of 2,000 points worth Rs. 500
Fees & Charges
| Fee Type | Amount |
|---|---|
| Joining Fee | Rs. 499 |
| Annual Fee | Rs. 499 (Reversed on spending Rs. 50,000 annually) |
| Finance Charges | 3.5% per month |
| Late Payment Fee | Rs. 0 to Rs. 1,300 based on amount due |
Eligibility & Documentation
To apply for this card, ensure you meet these criteria:
- Age: 18-60 years
- Occupation: Salaried or self-employed
Additionally, a good credit score (750+) will improve your chances of approval.
Frequently Asked Questions
Q: How can I apply for the SBI BPCL Credit Card?
A: You can apply online through SBI’s official website or visit any SBI branch for offline application.
Q: What’s the maximum fuel surcharge waiver?
A: The card offers a 1% waiver on transactions up to Rs. 4,000, with a maximum of Rs. 100 per billing cycle.
Q: Can I check my application status online?
A: Yes, you can track it on the SBI Card official website using your application number.
