Home / Reviews / BPCL SBI Credit Card Review

BPCL SBI Credit Card Review

BPCL SBI credit card is a mid-level card with decent savings on fuel if your choice of outlets are Bharat Petroleum stations. The card is co-branded offering by State Bank of India (SBI) and Bharat Petroleum Corporation Limited (BPCL).

The card offers 4.25% value-back i.e. 3.25% + 1% fuel surcharge waiver on BPCL transactions. Other than the fuel rewards, the card offers 1.25% savings on other spends such as groceries, department stores, moving & dining etc.

Read on the BPCL SBI credit card review with a breakdown of benefits, reward points, savings and fees to find out if this is an ideal fit for you.

BPCL SBI credit card review

BPCL SBI credit card Highlights

Card TypeFuel
FeesJoining fee- Rs 499/- + taxes
Annual fee- Rs 499/- + taxes (waived -off on annual spend on Rs 50,000/- or more)
Welcome Offer– Amazon voucher worth Rs 250/- if you apply online (limited time offer)
– 2000 reward points worth Rs 500/- upon payment of joining fees as activation bonus
Key Features– 3.25% + 1% surcharge waiver on every fuel transaction up to Rs 4000/- at BPCL outlets
– 1.25% savings on spend in other categories such as groceries, department stores, movies and dining.

BPCL SBI Card – Fees and Charges

Joining fee

Rs 499/- + GST, one time.

Annual fee

Rs 499/- + GST renewal fee per annum. The annual fee is reversible on spend of Rs 50,000/- or more from your second year.

Finance charges

3.5% per month (42% APR)

Late payment fees

The bank charges you a late payment fee if the minimum amount due is not paid by the payment due date.

From Rs. 0 – Rs.500: NIL
Rs. 500 – Rs. 1000: Rs 400.
Rs. 1000 – Rs. 10,000: Rs 750.
Rs. 10,000 – Rs. 25,000: Rs 950
Rs. 25,000 – Rs. 50,000: Rs 1100
More than Rs. 50,000: Rs 1300.

Cash advance fees

A transaction fee of 2.5% or Rs 500/-, whichever is higher on cash withdrawals.

See rates and charges on SBI website here.

BPCL SBI Credit Card- Benefits & Perks

Welcome bonus

You get 2000 reward points worth Rs 500/- as welcome bonus when you pay the joining fees. That essentially gets you back your joining fees. The reward points can be redeemed after 20 days at any BPCL fuel station. As a limited time offer, SBI Card is also giving out Rs 250/- Amazon voucher when you apply online.

Annual Fee Waiver

Apart from welcome bonus, you can also get your annual fee of Rs 499/- waived-off if you spend Rs 50,000/- or more in a year.

Fuel Benefits

On a whole, the card offers 3.25% + 1% fuel surcharge waiver on every transaction at BPCL fuel stations.

3.25% savings, but with limitations

When the Bank says ’13X reward points on fuel purchases at BPCL outlets’, it means the 3.25% part. The value of each reward point is Rs 0.25. So, essentially it means a 3.25% savings on your fuel spend.

You get 13 reward points per Rs 100 and there is a capping of maximum 1300 reward points per month.

1% fuel surcharge waiver

The card comes with 1% fuel surcharge waiver on fuel spends at BPCL outlets. The SBI fuel surcharge is Rs 10 or 1% per transaction, whichever is higher. However, the surcharge waiver applies only to the transactions ranging between Rs 500 to Rs 4000/-.

The maximum surcharge waiver in a billing cycle is Rs 100/ and-. Meaning, you need to spend Rs 10,000/- in a month to get the fuel surcharge waiver of Rs 100/-. The GST on surcharge still applies on your fuel spends.

Maximum limit is Rs 10,000 per month per card.

As per this SBI Card document, you can save Rs 4,432 on a spend of Rs 2,84,000 in a year.

BPCL SBI credit card rewards

Other benefits

  • 5X reward points on every Rs 100 spend at groceries, departmental stores, movies and dining etc, capped at maximum 5000 reward points (Rs 1250) per month.
  • 1 reward point for every Rs 100 spent on non-fuel retail purchases.
  • contactless transactions
  • International usage
  • With Flexipay, you can convert your transactions over Rs 2500 into EMIs within 30 days of transaction.
  • Free add-on cards for family members
  • Instant redemption of rewards, with no minimum limit.

Eligibility Criteria

  • The applicant must be over 18-60 years of age
  • Salaried of Self-employed. Around Rs 30,000 p.m. salary or an ITR of minimum Rs 3,00,00 is recommended to increase the chances of approval.
  • CIBIL score above 700 is recommended for better odds of approval.

Why Apply Online?

Apply online for BPCL SBI credit card through the official website of SBI Card. Its easy, convenient and fast. On top of that, SBI offers a Rs 250 worth Amazon voucher when you apply online.

Our Verdict

Overall, BPCL SBI credit card is a decent offering for someone starting up with credit card usage or do not already have a fuel card. However, there are better cards in the market and this SBI card seems outdated and outmatched in comparison. SBI and BPCL’s another offering BPCL SBI Octane offers better rewards, although at a higher fees.

If your choice of fuel outlet is BPCL and you despise high fees, this is a right card for you.

But if you want IndianOil or HPCL fuel stations, your options are great. Look below at other fuel credit cards for comparison.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top