Fuel is one of the most essential and expensive commodities in our daily lives. Whether you use a car, a bike, a cab, or a public transport, you need to spend a lot of money on fuel every month.
But what if you could save some money and get some rewards every time you refuel your vehicle? That’s possible with BPCL SBI Credit Card, a co-branded fuel credit card that offers you amazing benefits on fuel purchases at BPCL outlets.
BPCL SBI Credit Card is a collaboration between Bharat Petroleum Corporation Ltd (BPCL), one of the leading oil and gas companies in India, and SBI Card, one of the largest credit card issuers in India.
In this article, we will tell you everything you need to know about BPCL SBI Credit Card, such as its features, benefits, fees, charges, pros, cons, eligibility, application process, etc.
We will also give you some tips on how to use this credit card effectively and save money and get rewards on fuel. So, let’s get started.
Features and Benefits of BPCL SBI Credit Card
BPCL SBI Credit Card is a feature-rich and benefit-packed credit card that offers you a lot of value for your money. Here are some of the features and benefits of this credit card:
- 13X Reward Points on Fuel Purchases at BPCL Outlets: You can earn 13 reward points for every Rs. 100 spent on fuel purchases at BPCL outlets across India. The maximum reward points you can earn per month is 1,300. This is equivalent to a 4.25% value back on fuel purchases at BPCL outlets.
- 5X Reward Points on Other Categories: You can also earn 5 reward points for every Rs. 100 spent on other categories, such as groceries, movies, dining, etc. The maximum reward points you can earn per month is 5,000. You can redeem your reward points for fuel vouchers, gift cards, air miles, merchandise, etc. at the rate of 1 reward point = Rs. 0.25.
- 1% Fuel Surcharge Waiver: You can enjoy a 1% fuel surcharge waiver on fuel transactions of any amount at any fuel outlet in India. The maximum surcharge waiver you can get per month is Rs. 250. This can save you up to Rs. 3,000 per year on fuel surcharge.
- Welcome Gift Voucher: You can get a welcome gift voucher worth Rs. 500 from BookMyShow, Cleartrip, or Pantaloons when you apply for this credit card and pay the joining fee. You can use this voucher to book movie tickets, flight tickets, or shop for your favorite products.
- Annual Fee Reversal: You can get your annual fee of Rs. 499 reversed if you spend Rs. 50,000 or more in a year. This can make your credit card free for life if you use it regularly.
- Fraud Liability Cover: You can get a fraud liability cover of up to Rs. 1 lakh in case your credit card is lost, stolen, or misused. You just need to report the loss or theft of your credit card within 24 hours to the customer care and block your card.
- Add-on Cards: You can also get up to 2 add-on cards for your family members, such as your spouse, parents, siblings, or children. You can share the benefits of your credit card with them and also set a spending limit for each add-on card.
Fees and Charges of BPCL SBI Credit Card
BPCL SBI Credit Card is a low-cost credit card that offers you a lot of value for your money. Here are some of the fees and charges of this credit card:
| Fee/Charge | Amount |
|---|---|
| Joining Fee | Rs. 499 |
| Annual Fee | Rs. 499 (reversible) |
| Interest Rate | 3.35% per month (40.2% per annum) |
| Late Payment Fee | Rs. 100 to Rs. 950 |
| Cash Advance Fee | 2.5% of the amount withdrawn or Rs. 300, whichever is higher |
| Over Limit Fee | 2.5% of the over limit amount or Rs. 500, whichever is higher |
| Cheque Bounce Fee | 2% of the cheque amount or Rs. 450, whichever is higher |
| Foreign Currency Transaction Fee | 3.5% of the transaction amount |
| Card Replacement Fee | Rs. 100 |
| Statement Retrieval Fee | Rs. 100 per statement |
Pros and Cons of BPCL SBI Credit Card
BPCL SBI Credit Card is a good credit card that offers you a lot of benefits on fuel purchases at BPCL outlets. However, it also has some drawbacks that you need to be aware of. Here are some of the pros and cons of this credit card:
Pros
- It offers a high reward points rate and a good value back on fuel purchases at BPCL outlets, which can help you save money and get rewards on your fuel expenses.
- It offers a fuel surcharge waiver and other benefits, such as welcome gift voucher, annual fee reversal, fraud liability cover, etc., which can enhance your credit card experience and convenience.
- It has a moderate annual fee, which can be reversed if you spend a lot in a year, which can make your credit card free for life if you use it regularly.
- It has a reasonable interest rate, which can be managed if you pay your bills on time and in full, which can reduce your debt burden and interest charges.
- It offers reward points and value back at BPCL outlets, which are widely available and convenient for everyone, which can make your fuel purchases easy and hassle-free.
Cons
- It has a high income requirement, which may not be feasible for everyone, which can limit your eligibility and application chances.
- It does not offer any cashback or discounts on fuel or other purchases, which may be preferred by some people, which can reduce your savings and rewards potential.
- It offers reward points and value back only at BPCL outlets, which may not be convenient for everyone, which can restrict your fuel purchase options and benefits.
Eligibility and Application Process of BPCL SBI Credit Card
BPCL SBI Credit Card is a easy-to-apply and easy-to-get credit card that offers you a lot of benefits on fuel purchases at BPCL outlets. Here are some of the eligibility and application process of this credit card:
Eligibility
- You need to be at least 21 years old and have a minimum monthly income of Rs. 15,000 to apply for this credit card.
- You need to have a good credit score and a clean credit history to apply for this credit card.
- You need to have a valid identity proof, address proof, income proof, and PAN card to apply for this credit card.
Application Process
You can apply for this credit card online. To apply online, you can follow these steps:
- Visit the official website of SBI Card and click on the “Apply Now” button on the BPCL SBI Credit Card page.
- Fill out the online application form with your personal and professional details and submit it.
- Upload the scanned copies of your documents, such as your identity proof, address proof, income proof, and PAN card and submit them.
- You will get an instant approval or rejection based on your eligibility and credit score.
- If approved, you will get your credit card delivered to your address within 7 working days.
Tips on How to Use BPCL SBI Credit Card Effectively
BPCL SBI Credit Card is a smart credit card that offers you a lot of benefits on fuel purchases at BPCL outlets.
However, you need to use this credit card effectively and wisely to get the maximum benefits and avoid any pitfalls.
Here are some tips on how to use this credit card effectively:
- Use your credit card for all your fuel purchases and other purchases that offer you the best benefits.
- Pay your credit card bills on time and in full every month. This way, you can avoid paying interest and late payment fees and reduce your debt burden and interest charges.
- Use your reward points and value back before they expire and redeem them for the best rewards. You can redeem your reward points and value back for fuel vouchers, gift cards, air miles, merchandise, etc. at the rate of 1 reward point = Rs. 0.25.
- Use your credit card benefits, such as the fuel surcharge waiver, the discounts, the freebies, etc. wisely and regularly. You can enjoy a 1% fuel surcharge waiver on fuel transactions of any amount at any fuel outlet in India.
- Protect your credit card information and PIN from theft and misuse. You can use the SBI Card app or website to change your PIN and password regularly and keep them confidential.
Conclusion
We have told you everything you need to know about BPCL SBI Credit Card, such as its features, benefits, fees, charges, pros, cons, eligibility, application process, etc.
We have also given you some tips on how to use this credit card effectively and save money and get rewards on fuel.
BPCL SBI Credit Card is a good credit card that offers you a lot of benefits on fuel purchases at BPCL outlets. It offers a high reward points rate and a good value back on fuel purchases at BPCL outlets.
It also offers a fuel surcharge waiver and other benefits. It has a moderate annual fee, which can be reversed if you spend a lot in a year.
You can apply for this credit card online and get instant approval. You can also visit the SBI website for more information.
We hope this article has helped you understand BPCL SBI Credit Card better. If you have any questions or feedback, please leave a comment below.
