BPCL SBI Credit Card

The SBI BPCL Credit Card, a collaboration between SBI Card and BPCL, is a co-branded fuel credit card. Positioned as an entry-level option, it carries a modest annual membership fee of only Rs. 499. This fuel credit card offers significant benefits for fuel purchases, including a total value back of 4.25%, comprising a 3.25% reward rate and a 1% surcharge waiver, applicable to transactions made at all BPCL fuel stations.

Key Highlights of BPCL SBI Card

  • Joining Fees: Rs 499
  • Annual Fees: Rs 499
  • Should be an Indian resident
  • Minimum age of 18 years
  • Must be salaried or self employed
  • Possess last 3 months bank statements.

Features and Benefits of BPCL SBI Credit Card

1. Fuel Surcharge Benefits:

  • Surcharge waiver of up to Rs. 100 per month at BPCL petrol pumps nationwide.
  • Annual fuel savings of 70 liters.
  • 4.25% Valueback (13X* points) on fuel purchases at BPCL petrol pumps, with a maximum of 1300 Reward Points per billing cycle.

2. Reward Point Benefits:

  • 4. 5x reward points on every Rs. 100 spent on groceries, dining, movie ticket purchases, and departmental store purchases.
  • 1 reward point on every Rs. 100 spent on non-fuel purchases.

3. Worldwide Acceptance:

  • Card can be used internationally at over 24 million outlets.
  • Accepted at any MasterCard or Visa outlet.

4. Easy Bill Pay:

  • Easy Bill Pay facility for utility payments.

5. Add-on Credit Card:

  • Add-on cards available for family members.

6. Balance Transfer:

  • Balance transfer from other credit cards to BPCL SBI card available with lower interest rates and easy EMI payments.

7. Flexipay Benefits:

  • Transactions above Rs. 2,500 can be converted into easy EMIs with FlexiPay.

8. Other Benefits:

  • Cheque or draft against cash limit available.
  • Easy account management through the website and mobile app.

BPCL SBI Credit Card Fees and Charges

  1. Joining Fee: Rs. 499
  2. Annual/Renewal Fee: Rs. 499 (Reversed on spending Rs. 50,000 in a year)
  3. Finance Charges: 3.5% per month (42% per annum)
  4. Late Payment Fee (Based on Statement Balance):
  • Less than Rs. 500: Nil
  • Rs. 500 up to Rs. 1,000: Rs. 400
  • Rs. 1,000 up to Rs. 10,000: Rs. 750
  • Rs. 10,000 up to Rs. 25,000: Rs. 950
  • Rs. 25,000 up to Rs. 50,000: Rs. 1,100
  • Amount over Rs. 50,000: Rs. 1,300

Eligibility criteria for the BPCL SBI Credit Card

  1. Visit the SBI Card website.
  2. Click on ‘Personal’ > ‘Credit Cards’ > ‘Apply Now.’
  3. On the new page displaying different categories, select ‘Travel & Fuel Cards’ to find the BPCL SBI Card.
  4. Click the ‘Apply Now’ button under the card details to access the application page.
  5. Fill in the required fields and click ‘Next Step.’
  6. After submitting your details, you will receive an instant decision from the bank regarding your eligibility for the card.

Documents Required for BPCL SBI Credit Card

1. Identity Proof:

  • PAN Card
  • Aadhaar Card
  • Driving License
  • Voter ID
  • Passport, or other valid ID documents.

2. Address Proof:

  • Aadhaar Card
  • Driving License
  • Passport
  • Recent Utility Bills (not older than 3 months)
  • Ration Card, or other valid address documents.

3. Income Proof:

  • Most recent salary slips
  • Latest Form 16
  • Bank statement from the previous three months, as income proof.

How to apply for BPCL SBI Credit Card

  1. Go to the ‘SBI Card’ webpage and find ‘Personal > Credit Cards > Apply Now.’
  2. Select ‘Travel & Fuel Cards’ from the categories to locate this specific card.
  3. Click the ‘Apply Now’ button under the card details to access the application page.
  4. Fill out the necessary fields and proceed by clicking ‘Next Step.’
  5. Upon submission, you’ll receive an instant decision from the bank regarding your eligibility for the card.

Frequently Asked Questions (FAQs)

1. What is the BPCL SBI Credit Card?

The BPCL SBI Credit Card is a co-branded credit card offered by State Bank of India (SBI) in collaboration with Bharat Petroleum Corporation Limited (BPCL). It is designed to provide exclusive benefits and rewards to users for their fuel purchases.

2. How can I apply for the BPCL SBI Credit Card?

You can apply for the BPCL SBI Credit Card online through the official website of SBI or by visiting the nearest SBI branch. The application process typically involves filling out an online form and providing necessary documents.

3. What are the key features of the BPCL SBI Credit Card?

The key features include accelerated rewards on fuel purchases, discounts on fuel at BPCL outlets, rewards on other spending categories, and various lifestyle privileges. Check the specific terms and conditions for the most up-to-date features.

4. Is there an annual fee for the BPCL SBI Credit Card?

The annual fee varies based on the specific variant of the BPCL SBI Credit Card. Some cards may have an annual fee, while others may offer a waiver based on spending thresholds. Refer to the card details or contact customer service for accurate information.

5. What are the rewards and benefits associated with the BPCL SBI Credit Card?

The card typically offers rewards in the form of fuel points, cashback, or reward points that can be redeemed for fuel discounts, merchandise, or other benefits. Additionally, cardholders may enjoy lifestyle privileges, such as dining and shopping discounts.

6. How can I redeem the rewards earned on my BPCL SBI Credit Card?

You can redeem the rewards earned on your BPCL SBI Credit Card through the official rewards redemption platform provided by SBI. This platform allows you to choose from a variety of redemption options, including fuel vouchers, merchandise, and more.

7. What is the fuel surcharge waiver on the BPCL SBI Credit Card?

Many variants of the BPCL SBI Credit Card offer a fuel surcharge waiver at BPCL petrol pumps. This means that you can enjoy a discount on the fuel surcharge for transactions made using the card at designated fuel stations.

8. How can I check the balance and statement of my BPCL SBI Credit Card?

You can check your credit card balance and statements through the SBI Card official website or mobile app. Alternatively, you can contact the SBI Card customer service for assistance.

9. Can I link my BPCL SBI Credit Card to any other loyalty programs?

Depending on the specific card variant, there may be opportunities to link your BPCL SBI Credit Card to certain loyalty programs. Check with the card issuer for details on any available partnerships or benefits.

10. How do I report a lost or stolen BPCL SBI Credit Card?
In case of a lost or stolen card, it is crucial to report it immediately. You can contact the SBI Card customer service helpline or use the SBI Card website/app to report the loss and request a replacement card.