BPCL SBI Card Octane vs ICICI Bank HPCL Super Saver Credit Card

Various major credit card issuers in India provide a range of credit cards tailored to different needs, ensuring there’s a suitable option for everyone. Individuals who own vehicles often seek credit cards that provide advantages on fuel purchases. In response to this demand, numerous card issuers have collaborated with various fuel companies to introduce co-branded credit cards.

Given the abundance of fuel credit cards in the Indian market, selecting the right one can be a daunting task. Notable options in the fuel category include the ICICI Bank HPCL Super Saver Credit Card and the BPCL SBI Credit Card Octane, both issued by leading card issuers in the country. Consequently, individuals frequently find themselves in a dilemma when deciding between these two cards.

While the BPCL SBI Card Octane commands a higher annual fee compared to the ICICI Bank HPCL Super Saver Card, it comes with additional perks, such as complimentary gift vouchers upon reaching annual spending milestones. On one hand, the HPCL Super Saver Card provides a discount on movie tickets, a perk absent in the BPCL SBI Card Octane. This disparity in benefits adds an extra layer of complexity for individuals deliberating between the two cards due to their array of features.

Features and Benefits of BPCL SBI Card Octane and ICICI Bank HPCL Super Saver Credit Card

BPCL SBI Card Octane Credit Card:

1. Issued by SBI Card, the BPCL SBI Octane Credit Card is a co-branded fuel card with an annual fee of Rs. 1,499, waived upon meeting the required annual spend in the previous year.
2. Accelerated reward points on fuel purchases and a competitive reward rate on other expenditures.
3. Additional privileges include 6,000 bonus reward points as a welcome benefit, 10x rewards on groceries, movies, and departmental stores, and 25x reward points on fuel purchases at BPCL stations.
4. Redeemable reward points against fuel purchases and other options, with 1 RP valued at Re. 0.25.
5. Complimentary perks such as 4 domestic lounge accesses per quarter and a gift voucher for qualifying annual spending.
6. 1% fuel surcharge waiver on fuel purchases up to Rs. 4,000 per month, along with credit liability cover worth Rs. 1 lakh.
7. Annual fee waiver upon spending Rs. 2 lakh in the previous year.

ICICI Bank HPCL Super Saver Credit Card:

1. Introduced by ICICI Bank in collaboration with Hindustan Petroleum Corporation Limited, the ICICI Bank HPCL Super Saver Credit Card has a nominal Rs. 500 annual fee.
2. Recognized as a top fuel credit card with a welcome benefit of 2,000 bonus reward points and Rs. 100 cashback on the first HP Pay app purchase.
3. Offers 4% cashback on fuel purchases at HPCL pumps (up to Rs. 200 per month) and 5% value back on utility payments and departmental store spends.
4. 2 reward points on every Rs. 100 spent elsewhere, redeemable at a rate of 1 RP = Re. 0.25.
5. Additional perks include 1 complimentary domestic lounge access per quarter, a 25% discount on BookMyShow movie ticket bookings, and a 1% fuel surcharge waiver.
6. Annual fee waiver upon spending Rs. 1.5 lakh or more in the previous year.

Comparison between BPCL SBI Card Octane and ICICI Bank HPCL Super Saver Credit Card

BPCL SBI Card Octane Credit Card:

1. Annual Fee:
   • Rs. 1,499 (waived on spending Rs. 2 lakhs or more in the previous year)
2. Reward Rate:
   • 1 RP on every Rs. 100 spent on retail purchases.
   • 10x RPs on groceries, movies, and departmental stores.
   • 25x RPs on fuel purchases at BPCL fuel stations.
3. Movie & Dining Benefits:
   • Get tenfold reward points for every Rs. 100 you expend on dining and movie tickets.
   • Receive a 25% reduction in price, capped at Rs. 100, for booking movie tickets through BookMyShow.
4. Milestone Benefits:
   • Receive a Rs. 2,000 gift voucher applicable at Bata, Yatra, Hush Puppies, or Aditya Birla Fashion upon annual spending exceeding Rs. 2 lakhs.
5. Travel Benefits:
   • 4 free domestic lounge access every year.
6. Other Benefits:
   • 1% fuel surcharge waiver (capped at Rs. 100 per month).
   • Credit Liability cover worth Rs. 1 lakh.

ICICI Bank HPCL Super Saver Credit Card:

1. Annual Fee:
   • If you spend Rs. 1.5 lakhs or more in the previous year, the Rs. 500 fee will be waived.
2. Reward Rate:
   • 1 RP on every Rs. 100 spent on retail purchases.
   • Earn a 4% cashback every time you fill up your tank at HPCL fuel stations.
   • 5% value back on utility payments and departmental store spends.
3. Movie & Dining Benefits:
   • No specific benefits mentioned.
4. Milestone Benefits:
   • Not applicable (NA).
5. Travel Benefits:
   • 4 free domestic lounge access every year.
6. Other Benefits:
   • 1% fuel surcharge waiver on all fuel purchases.

Which credit card suits you best?

• The comparison between BPCL SBI Octane Card and ICICI HPCL Super Saver Card reveals subtle differences in benefits.
• The reward rate for fuel spends is higher with BPCL SBI Octane Card compared to ICICI HPCL Super Saver Card.
• However, the annual fee for BPCL SBI Octane Card is also higher.
• Both cards offer the same number of complimentary lounge accesses.
• For those seeking decent reward rates, basic travel benefits, and an affordable annual fee, the recommendation is ICICI HPCL Super Saver Card.
• If willing to pay a slightly higher annual fee for better fuel spend rewards, the choice should be BPCL SBI Octane Card.
• Different cards cater to different individuals based on their requirements, spending behaviors, and needs.
• There is no one-size-fits-all best card, and the selection should be personalized according to individual preferences.

Frequently Asked Questions (FAQs)

1. What are the key differences between BPCL SBI Card Octane and ICICI Bank HPCL Super Saver Credit Card?
   • Both cards are associated with different banks and come with distinct features. The differences include reward structures, benefits, and partnerships.
2. Which card offers better fuel-related benefits?
   • The BPCL SBI Card Octane is specifically designed for fuel benefits and may offer specialized rewards or discounts at Bharat Petroleum outlets. On the other hand, ICICI Bank HPCL Super Saver Credit Card is associated with Hindustan Petroleum (HPCL).
3. What is the reward structure for BPCL SBI Card Octane?
   • The reward structure of BPCL SBI Card Octane includes details on cashback, reward points, or any other benefits associated with transactions, both within and outside fuel purchases.
4. Can you highlight the fuel-related perks of ICICI Bank HPCL Super Saver Credit Card?
   • ICICI Bank HPCL Super Saver Credit Card likely provides fuel-related perks such as cashback, fuel surcharge waivers, or reward points on fuel transactions. Details on these benefits are essential for comparison.
5. Do these credit cards come with any yearly charges?
   • Check and compare the annual fees for both BPCL SBI Card Octane and ICICI Bank HPCL Super Saver Credit Card, as this could be a significant factor in your decision-making process.
6. Do these credit cards offer rewards or benefits beyond fuel-related expenses?
   • Understand the broader spectrum of rewards and benefits each credit card provides, including categories like dining, travel, or lifestyle perks.
7. Is there a joining bonus for either of these credit cards?
   • Look into any joining bonuses offered by BPCL SBI Card Octane or ICICI Bank HPCL Super Saver Credit Card, as these can add initial value to the card.
8. How can I redeem the rewards earned on these credit cards?
   • Get insights into the redemption options and processes for the rewards earned on both credit cards, whether through fuel benefits or other categories.
9. Are there any limitations or restrictions on where these credit cards can be used?
   • Understand the acceptance of both cards, domestically and internationally, and check for any specific limitations or restrictions.
10. Which credit card is more suitable based on individual spending patterns and preferences?
    • Consider personal spending habits, preferences, and lifestyle to determine which credit card aligns better with individual needs.