SBI BPCL Credit Card: Saving On Fuel and More

Save on fuel and earn rewards with the SBI BPCL Credit Card. Get 13X points on BPCL fuel, surcharge waivers, and more benefits on everyday spending.

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Introduction

The SBI BPCL Credit Card is a smart choice for individuals who frequently spend on fuel and want to make their refueling experience more economical. With its primary focus on fuel savings at Bharat Petroleum outlets, this card offers substantial cashback, reward points, and surcharge waivers, helping you cut down on fuel expenses effectively. Beyond fuel benefits, the card also provides attractive rewards on dining, groceries, and other daily expenses, making it a versatile option for those who seek value in everyday spending. Perfect for frequent travelers and daily commuters, the SBI BPCL Credit Card is designed to help you save while enjoying seamless transactions across a wide network.

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Key Features and Benefits of SBI BPCL Credit Card

Fuel Savings and Benefits

• 4.25% Value Back: Get up to 4.25% value back on fuel purchases at Bharat Petroleum (BPCL) outlets through reward points.
• 1% Fuel Surcharge Waiver: Enjoy a 1% waiver on fuel surcharge at BPCL petrol pumps, valid for transactions up to ₹4,000.

Reward Points Program

• Accelerated Reward Points: Earn 13X reward points per ₹100 spent on fuel purchases at BPCL outlets.
• Standard Reward Points: Receive 1 reward point for every ₹100 spent on other categories, allowing you to earn on your general spending.

Annual Fee Waiver

• Annual Fee Waiver: The annual fee of ₹499 is waived if you spend ₹50,000 or more in a year, helping you save on card maintenance.

Cashback on Non-Fuel Categories

• Dining and Groceries: The card provides rewards on dining and grocery expenses, making it suitable for everyday spending.
• Other Retail Purchases: Earn reward points on all other purchases, which can be redeemed for statement credit or other rewards.

Easy Reward Redemption

• Redemption Options: Accumulated reward points can be redeemed for fuel purchases at BPCL, as well as for exclusive offers and products through the SBI rewards catalog.

Contactless Payment and Security

• Contactless Payment Feature: The SBI BPCL Credit Card offers contactless payment technology for safer and faster transactions.
• Fraud Protection: Equipped with advanced fraud detection and liability coverage, ensuring secure usage for online and offline transactions.

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Fuel Savings Benefits of SBI BPCL Credit Card

High Fuel Value Back

• Up to 4.25% Value Back: For every fuel purchase made at Bharat Petroleum (BPCL) stations, cardholders can enjoy up to 4.25% value back in the form of reward points, providing substantial savings on fuel costs.

Accelerated Reward Points on Fuel

• 13X Reward Points: Earn 13 reward points for every ₹100 spent on fuel at BPCL outlets. This accelerated reward rate makes it easier to accumulate points quickly, especially for frequent fuel purchases.

Fuel Surcharge Waiver

• 1% Fuel Surcharge Waiver: Save on fuel surcharge fees with a 1% waiver on fuel transactions at BPCL stations. This waiver applies to transactions up to ₹4,000, making it an effective way to reduce the cost of fuel.

Convenient Redemption

• Reward Points Redemption at BPCL: Redeem your earned reward points directly for fuel at participating BPCL outlets, ensuring that you can use your savings seamlessly on future fuel purchases.

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Reward Points Program for SBI BPCL Credit Card

Accelerated Reward Points on Fuel

• 13X Reward Points at BPCL Outlets: Earn 13 reward points for every ₹100 spent on fuel purchases exclusively at Bharat Petroleum (BPCL) stations, maximizing rewards on frequent refueling.

Standard Reward Points on Other Categories

• 1 Reward Point per ₹100 Spent: For every ₹100 spent on non-fuel categories, cardholders earn 1 reward point, allowing for steady accumulation on everyday expenses like dining, groceries, and shopping.

Easy and Flexible Redemption Options

• Redeem for Fuel at BPCL: Use your accumulated reward points directly to pay for fuel purchases at BPCL outlets, making it easy to apply your points toward your primary spending category.
• Other Redemption Choices: Reward points can also be redeemed for a range of products, vouchers, or statement credit through the SBI rewards catalog, adding flexibility to your options.

Value-Driven Reward Program

With the SBI BPCL Credit Card, frequent fuel buyers gain a clear advantage with accelerated points at BPCL outlets, while also earning on general spending categories. This rewards program is designed to help you save on fuel while also earning value on day-to-day expenses.

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Shopping, Dining, and Other Benefits of SBI BPCL Credit Card

Rewards on Shopping and Dining

• Reward Points on General Spending: Earn reward points on everyday purchases, including shopping and dining. This allows you to accumulate points beyond fuel, making the card beneficial for all-around spending.
• Special Offers and Discounts: Enjoy exclusive discounts and deals on dining, shopping, and other lifestyle categories through SBI’s partner network, helping you save on popular brands and restaurants.

Lifestyle and Entertainment Perks

• Access to Exclusive Events: Get invitations to select events, such as concerts, sports matches, and movie screenings, giving cardholders additional value beyond day-to-day purchases.
• Discounts on Movie Tickets: Benefit from occasional discounts on movie tickets and entertainment bookings with select partners, ideal for moviegoers and entertainment lovers.

Contactless Payments for Convenience

• Contactless Payment Technology: The SBI BPCL Credit Card supports contactless payments, allowing quick and secure transactions with just a tap at compatible terminals, making it faster and safer to pay at stores and dining outlets.

Annual Fee Waiver on Spending Threshold

• Annual Fee Waiver: Spend ₹50,000 or more in a year and enjoy a waiver on the annual fee, making it more economical for active users who reach this spending limit.

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Annual and Renewal Fees for SBI BPCL Credit Card

Fee Type	Amount	Waiver Details
Joining Fee	₹499	Charged at the time of card issuance
Annual Renewal Fee	₹499	Waived if annual spending is ₹50,000 or more
Spend-Based Waiver	₹50,000	Spend ₹50,000 in the previous year for waiver

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Eligibility and Documentation Requirements for SBI BPCL Credit Card

Eligibility Criteria

Criteria	Details
Age	21 to 65 years
Income	Minimum income requirement varies based on the applicant’s profile
Residential Status	Must be a resident of India
Credit Score	A good credit score (usually 750 or above) is preferred

Documentation Requirements

Document Type	Accepted Documents
Proof of Identity	Aadhaar Card, PAN Card, Passport, Voter ID, Driving License
Proof of Address	Utility Bill, Passport, Aadhaar Card, Rental Agreement
Proof of Income	Salary Slip, Form 16, Income Tax Returns, Bank Statement
Photograph	Recent passport-sized photograph

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How to Apply for SBI BPCL Credit Card

Online Application Process

• Visit the SBI Card Website: Go to the official SBI Card website.
• Choose the SBI BPCL Credit Card: Navigate to the SBI BPCL Credit Card page and click on “Apply Now.”
• Fill in Your Details: Enter your personal information, including name, contact information, and income details.
• Upload Required Documents: Submit scanned copies of required documents for identity, address, and income proof.
• Submit the Application: Review all details and submit the application. You will receive an application reference number for tracking.

Offline Application Process

• Visit an SBI Branch: Go to your nearest SBI branch and ask for the SBI BPCL Credit Card application form.
• Complete the Application Form: Fill in your details accurately on the application form.
• Attach Required Documents: Submit photocopies of your identity, address, and income proof documents.
• Submit to the Bank Representative: Hand over the completed application to the SBI representative, who will guide you through the next steps.

Track Your Application

• Online Tracking: Use the reference number provided to track your application status on the SBI Card website.
• Customer Support: You can also contact SBI customer support with your reference number for updates.

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Reward Redemption Process for SBI BPCL Credit Card

How to Redeem Reward Points for Fuel

• Redeem at BPCL Outlets: Use your accumulated reward points to pay for fuel purchases at any Bharat Petroleum (BPCL) outlet. Simply inform the cashier that you want to redeem points before payment.
• 1 Reward Point = ₹0.25: Each reward point is equivalent to ₹0.25, making it easy to calculate how many points you need for your fuel purchase.

Other Redemption Options

• Redeem for Statement Credit: You can redeem your reward points for a statement credit to reduce your credit card outstanding balance.
• Exclusive Products and Vouchers: Points can be redeemed for a variety of products and gift vouchers available through the SBI rewards catalog. These range from electronics to lifestyle items.

Minimum Redemption Threshold

• Fuel Redemption: The minimum points required for redeeming fuel purchases are typically low, making it easier to redeem points for fuel often.
• Other Redemptions: Redemption for statement credit or product vouchers usually requires a higher number of points, depending on the value of the reward.

Easy Redemption Through SBI Card Portal

• Online Redemption: You can redeem your points through the SBI Card website or mobile app, where you can track your points balance and select redemption options directly.

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Pros and Cons of SBI BPCL Credit Card

Pros

• High Fuel Savings: Earn up to 4.25% value back on fuel purchases at BPCL outlets, helping you save significantly on fuel expenses.
• Accelerated Reward Points on Fuel: Get 13X reward points for every ₹100 spent on fuel at BPCL stations, maximizing rewards on frequent refueling.
• 1% Fuel Surcharge Waiver: Enjoy a 1% waiver on fuel surcharges at BPCL petrol pumps for transactions up to ₹4,000.
• Annual Fee Waiver: Spend ₹50,000 or more in a year and get the annual fee of ₹499 waived, making it cost-effective for active users.
• Reward Points for Everyday Purchases: Earn reward points on shopping, dining, and other general spending, offering value beyond just fuel purchases.
• Contactless Payments: Make fast and secure payments with the contactless feature, enhancing convenience for everyday transactions.

Cons

• Limited Fuel Redemption Locations: Rewards can only be redeemed at BPCL stations, limiting the flexibility compared to more general-purpose cards.
• High Annual Fee: While the annual fee is waived with a minimum spend, it may be considered high for those who don’t regularly use the card.
• Restricted Reward Redemption Options: Although rewards can be redeemed for fuel and some products, the range of redemption options is more limited compared to cards with broader rewards programs.

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Tips for Maximizing Benefits with SBI BPCL Credit Card

Maximize Fuel Purchases

• Refuel at BPCL Stations: To take full advantage of the 13X reward points on fuel, ensure you refuel exclusively at BPCL outlets. This will help you earn the maximum reward points for your fuel spend.
• Track Your Fuel Spending: Keep an eye on your fuel expenditure to ensure you’re making the most of the fuel value back and surcharge waivers.

Utilize Reward Points for Fuel Redemption

• Redeem Points for Fuel: Accumulate points and redeem them directly at BPCL outlets for fuel. This will help you save money on your fuel costs over time.
• Keep Track of Points Balance: Regularly check your points balance via the SBI Card portal or mobile app to stay on top of your rewards and make timely redemptions.

Meet the Annual Spend Requirement for Fee Waiver

• Spend ₹50,000 in a Year: If you plan to hold the card long-term, aim to meet the ₹50,000 spending threshold to get the annual fee waived. This can save you ₹499 annually.
• Use the Card for Everyday Purchases: Use the card for shopping, dining, and other daily expenses to easily reach the spending target without additional effort.

Leverage Reward Points on Other Purchases

• Earn on General Spend: While the 13X reward points are great for fuel, don’t forget to use the card for other everyday purchases to earn 1 point for every ₹100 spent.
• Shop and Dine at Partner Locations: Take advantage of any exclusive offers or discounts available at partner merchants to maximize the value of your points.

Use Contactless Payment for Convenience

• Make Quick Payments: Use the card’s contactless feature for small transactions like dining and groceries. This speeds up payments and keeps things convenient, especially during high-volume transactions.

Stay Informed About Offers and Promotions

• Keep an Eye on Special Offers: Regularly check for seasonal or promotional offers that may give you extra points or discounts at select retailers. Signing up for the SBI Card newsletter or app notifications can help you stay updated.

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Conclusion

he SBI BPCL Credit Card is a highly valuable option for individuals who frequently purchase fuel and want to maximize savings. With its attractive fuel benefits, including 13X reward points on fuel purchases at BPCL stations and fuel surcharge waivers, it provides excellent savings opportunities. The ability to redeem reward points for fuel or other rewards adds flexibility and further enhances the card’s value.

In addition to fuel benefits, the card also offers rewards on everyday purchases, dining, and exclusive offers, making it a well-rounded choice for regular consumers. The annual fee is affordable, and with a spend of ₹50,000 in a year, you can even waive this fee.

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FAQs About SBI BPCL Credit Card

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By paisainvests

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