SBI
SBI BPCL Credit Card
This is an invite only card
Apply and get ₹1400 Rewards
Top Benefits
Get 2,000 Activation Bonus reward points Worth ₹500
credited within 20 days of joining fee payment
Earn 13X Reward Points on Fuel Purchases at BPCL Petrol Pumps
with maximum 1300 Reward points per billing cycle
Best For
Fuel
If you find yourself constantly filling up your tank at BPCL petrol pumps, the SBI BPCL Credit Card off...
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If you find yourself constantly filling up your tank at BPCL petrol pumps, the SBI BPCL Credit Card off...
If you find yourself constantly filling up your tank at BPCL petrol pumps, the SBI BPCL Credit Card offers a highly effective way to reduce your monthly fuel expenses. This co-branded credit card provides an excellent 4.25% value back on fuel purchases at BPCL stations, combined with a 1% fuel surcharge waiver. By using this card for your regular refuelling needs, you get direct savings that add up significantly over a year.
Designed for daily commuters and road trip enthusiasts, this card targets salaried and self-employed individuals looking to optimize their vehicle running costs. Unlike generic cashback cards that offer a flat 1% on offline spends, the SBI BPCL Credit Card accelerates your earnings specifically at the pump. It gives you 13X reward points on fuel, effectively cutting down the cost of every litre you buy.
What makes this card stand out is its easily achievable annual fee waiver. If you spend Rs. 50,000 in a year, the bank reverses your Rs. 499 renewal fee. For someone spending just Rs. 4,200 a month on groceries, utilities, and fuel combined, keeping this card free for the long term is completely effortless.
View FAQ
Commonly Asked Questions
Is the SBI BPCL Credit Card lifetime free?
No, the card comes with a joining fee of Rs. 499 and an annual renewal fee of Rs. 499. However, you can get the annual fee waived if you spend Rs. 50,000 or more in the previous year.
Who is this credit card best suited for?
This card is perfect for people who regularly buy fuel at BPCL petrol pumps. If you spend Rs. 3,000 to Rs. 5,000 a month on petrol or diesel, the accelerated 4.25% value back helps you save significantly over the year.
Is it a good first credit card?
Yes, with a low income requirement of Rs. 3.6 Lakhs annually for salaried applicants and a basic joining fee of Rs. 499, it is highly accessible for beginners looking to build their credit history.
What makes this card different from standard credit cards?
While most standard cards give you 1 to 2 reward points per Rs. 100 spent, this card gives you 13X reward points on BPCL fuel purchases, specifically maximizing returns on your commute expenses.
Expert Review
After thoroughly reviewing the SBI BPCL Credit Card, my verdict is that it does exactly one job, but it does it exceptionally well. The 4.25% value back on BPCL fuel purchases provides tangible, easy-to-calculate savings for the daily commuter. The low annual fee of Rs. 499, which is a breeze to waive off with just Rs. 50,000 in annual spends, makes this a financially sound choice.
However, my major criticism lies in the card's strict exclusions and redemption fees. Charging Rs. 99 just to redeem your hard-earned points feels counterproductive, especially on an entry-level card. Furthermore, offering zero rewards on utility bills and rent severely limits its utility as a daily driver. You cannot rely on this card for your household expenses.
Ultimately, if you live near a BPCL pump and spend upwards of Rs. 3,000 on petrol monthly, keep this card in your glove compartment. It will pay for itself multiple times over. If you want a card for shopping or lifestyle perks, look elsewhere.
Joining / Annual Fee
Joining Fees
₹589 ( ₹499 + GST )
Annual Fees
₹589 ( ₹499 + GST )
Managing credit card fees is easy when you understand the structure and waiver conditions. The SBI BPCL...
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Managing credit card fees is easy when you understand the structure and waiver conditions. The SBI BPCL...
Managing credit card fees is easy when you understand the structure and waiver conditions. The SBI BPCL Credit Card comes with a very reasonable joining fee of Rs. 499. However, as discussed earlier, this is immediately offset by the 2,000 bonus reward points (worth Rs. 500) you receive upon payment of this fee, making the first year effectively free.
From the second year onwards, an annual renewal fee of Rs. 499 applies. The best part about this card is the straightforward annual fee waiver policy. If you spend Rs. 50,000 or more in a year on your card, the bank completely reverses the renewal fee for the upcoming year.
To put this into perspective, hitting Rs. 50,000 in a year requires spending just Rs. 4,167 a month. Between your monthly fuel top-ups, grocery runs, and online shopping, crossing this threshold is incredibly easy. If you spend Rs. 5,000 on the card every month, you will hit Rs. 60,000 for the year, ensuring you never actually pay the annual fee after the first year.
View FAQ
Commonly Asked Questions
What are the exact joining fees for this card?
The card charges a one-time joining fee of Rs. 499 plus applicable taxes when your card is issued.
Do I get anything in return for paying the joining fee?
Yes, you receive 2,000 Activation Bonus Reward Points worth Rs. 500 within 20 days of paying the joining fee, which perfectly offsets the cost.
What is the annual fee from the second year?
The annual renewal fee is Rs. 499 plus applicable GST, charged every year on your card anniversary.
Can I get the annual fee waived?
Yes, the annual fee is waived if you spend Rs. 50,000 or more on your credit card in the previous year.
How much do I need to spend monthly to get the waiver?
To reach the Rs. 50,000 annual target, you only need to average about Rs. 4,167 in card spends per month.
What happens if I only spend Rs. 40,000 in a year?
If you fail to meet the Rs. 50,000 threshold, the full annual fee of Rs. 499 plus GST will be charged to your statement for the renewal year.
Are rent payments counted towards the fee waiver milestone?
Spending on excluded categories like rent payments and wallet loads does not contribute toward the Rs. 50,000 annual spending milestone for the fee waiver.
Is there any lifetime free offer for this card?
Based on standard terms, it is not lifetime free. You must meet the Rs. 50,000 annual spend requirement every year to keep it free.
Eligibility
Age
Criteria*
21-70 years
Salary
Criteria*
3.6LPA
Credit
Rating*
720+
New to credit
allowed
Yes
Existing Bank
Customer Allowed
Yes
Before you hit the apply button, it is important to confirm that you meet the bank's strict eligibility...
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Before you hit the apply button, it is important to confirm that you meet the bank's strict eligibility...
Before you hit the apply button, it is important to confirm that you meet the bank's strict eligibility requirements. The SBI BPCL Credit Card is quite accessible, designed to accommodate both young professionals starting their careers and experienced business owners.
To apply, the primary cardholder must be at least 21 years old, and the maximum age limit is set at 70 years. This age bracket applies to both salaried employees and self-employed individuals. A solid credit history is crucial; the bank requires a minimum CRIF credit score of 720. If your score is below this mark, your application might face rejection or require additional income proof.
When it comes to income, salaried applicants need a minimum annual income of Rs. 3.6 Lakhs. This translates to an easy monthly salary requirement of Rs. 30,000. For self-employed individuals, business owners, or freelancers, the minimum annual income requirement is slightly higher at Rs. 4 Lakhs. Meeting these criteria ensures a smooth application and approval process.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
You must be at least 21 years old to apply as a primary cardholder for the SBI BPCL Credit Card.
What is the maximum age limit for applying?
The maximum age limit for eligibility is 70 years for both salaried and self-employed applicants.
What is the minimum salary required for salaried professionals?
Salaried individuals must have a minimum annual income of Rs. 3.6 Lakhs. This breaks down to a monthly salary of at least Rs. 30,000.
What is the minimum income required for self-employed applicants?
Self-employed professionals and business owners need to show a minimum annual income of Rs. 4 Lakhs to qualify for this card.
Can a freelancer apply for this card?
Yes, freelancers fall under the self-employed category and can apply if they can provide documentation proving an annual income of Rs. 4 Lakhs and meet the age and credit score criteria.
What credit score do I need for approval?
The bank requires a minimum CRIF credit score of 720 to process your application smoothly.
Will I get rejected if my credit score is 700?
While a score below 720 reduces your chances, the bank evaluates overall profiles. However, based on the strict 720 requirement, a lower score is likely to result in rejection unless you have a strong existing relationship with the bank.
Do I need an SBI bank account to get this card?
You do not need an existing SBI savings account or a prior banking relationship to apply for this credit card.
All Card Benefits
- 4.25% value back as 13X Reward Points on BPCL petrol pump purchases in India, capped at 1,300 Reward Points per billing cycle
- 5 Reward Points on every ₹100 spent on dining, departmental stores, grocery, and movies, capped at 5,000 Reward Points per month
- 1 Reward Point on every ₹100 spent on other retail purchases
Welcome Benefits
The SBI BPCL Credit Card ensures you do not feel the pinch of the joining fee by of...
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Welcome Benefits The SBI BPCL Credit Card ensures you do not feel the pinch of the joining fee by of...
Welcome Benefits
The SBI BPCL Credit Card ensures you do not feel the pinch of the joining fee by offering a strong welcome bonus. When you pay the Rs. 499 joining fee, the bank credits 2,000 Activation Bonus Reward Points to your account. Since 4 reward points equal Re. 1, these 2,000 points give you a flat value of Rs. 500.
This effectively neutralizes your initial cost. You can redeem these points instantly at select BPCL petrol pumps or use them to buy items from the Shop and Smile Rewards Catalogue. The points are credited within 20 days of your joining fee payment, provided you activate the card.
Fuel Benefits
This is where the SBI BPCL Credit Card truly shines. You earn 4.25% value back on fuel purchases at BPCL petrol pumps, which is given in the form of 13X Reward Points. The bank caps this benefit at 1,300 Reward Points per billing cycle. Under the Fuel Freedom Benefits program, eligible fuel spends are capped at Rs. 10,000 per billing cycle.
Let us look at a practical calculation. If you spend Rs. 4,000 on fuel at a BPCL pump this month, you earn 13X points, giving you roughly Rs. 170 in value back. Over 12 months, that is Rs. 2,040 saved just on petrol, which far outweighs the nominal annual fee of the card.
Surcharge Waiver Benefits
Alongside the reward points, you also get a 1% fuel surcharge waiver on your BPCL fuel transactions. This applies to transactions up to Rs. 4,000, exclusive of GST and other charges. Unlike many other cards, there is no minimum threshold required to get this waiver, meaning even a Rs. 200 fuel top-up qualifies.
The maximum surcharge waiver you can receive is Rs. 100 per billing cycle. For example, if you make two fuel purchases of Rs. 3,000 each in a month (total Rs. 6,000), you will get a 1% waiver, saving you Rs. 60 directly on the surcharge fees usually added by payment gateways.
Reward Points Structure
Understanding how the SBI BPCL Credit Card converts your spends into points is vital for maximizing its value. The core of the rewards program revolves around the 4.25% value back (13X points) on BPCL fuel. You earn 1 reward point for every Rs. 100 spent on all other non-fuel categories, ensuring consistent earnings on daily purchases.
The reward conversion rate is 4 Reward Points equal Rs. 1. This means every single reward point holds a monetary value of Rs. 0.25. If you accumulate 4,000 reward points over a few months of fuel purchases, you have a solid Rs. 1,000 ready to be redeemed either for merchandise or directly as free fuel at BPCL pumps. Always remember that certain categories like rent, utilities, and EMI spends are excluded from earning any reward points at all.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You qualify for the 2,000 bonus reward points by successfully paying the Rs. 499 joining fee. You also need to activate the card by making a minimum transaction of Rs. 100 within 30 days of receiving it.
When will I receive the welcome benefit after card activation?
The 2,000 Activation Bonus Reward Points are credited to your credit card account within 20 days after you pay your joining fee.
What is the exact value of the welcome benefit?
The 2,000 reward points translate to Rs. 500 in value, since the redemption rate is 1 reward point to Rs. 0.25. This covers your Rs. 499 joining fee completely.
Can I use the welcome bonus for free petrol?
Yes, you can instantly redeem your 2,000 welcome points at select BPCL petrol pumps to get Rs. 500 worth of free fuel.
What is the exact value back I get on BPCL fuel purchases?
You get a total of 4.25% value back in the form of 13X reward points when you swipe this card at BPCL petrol pumps.
Is there a limit on how many reward points I can earn on fuel?
Yes, the 13X reward points are capped at a maximum of 1,300 points per monthly billing cycle. Once you hit this cap, further fuel spends may not earn the accelerated rate.
What is the maximum amount I can spend on fuel to get these benefits?
Under the Fuel Freedom Benefits, your eligible fuel spends are capped at Rs. 10,000 per billing cycle to earn the accelerated reward points.
Do I get fuel benefits at IndianOil or HPCL pumps?
No, the 4.25% value back and 13X reward points apply exclusively to purchases made at BPCL petrol pumps.
How much fuel surcharge waiver do I get?
You get a 1% fuel surcharge waiver on transactions made at BPCL petrol pumps.
Is there a minimum spend required to get the surcharge waiver?
No, there is no minimum threshold. You will receive the waiver even on small fuel purchases, making it great for two-wheeler owners.
What is the maximum transaction amount eligible for the waiver?
The surcharge waiver applies to individual transactions up to Rs. 4,000. Transactions above this amount will not qualify for the 1% waiver.
What is the maximum waiver I can get in a month?
You can get a maximum surcharge waiver of Rs. 100 per billing cycle. To hit this cap, you would need to spend Rs. 10,000 on eligible fuel transactions in a month.
What is the value of 1 reward point in rupees?
Each reward point is valued at Rs. 0.25. Therefore, you need 4 reward points to equal Rs. 1 in redemption value.
How do the 13X reward points on fuel translate to value back?
When you earn 13X points on fuel, and each point is worth Rs. 0.25, it results in an effective 4.25% value back on your BPCL fuel purchases.
Are there any spending categories that do not earn reward points?
Yes, transactions like EMI spends, rent payments, insurance payments, wallet loads, utility bills, cash advances, and balance transfers are excluded from earning reward points.
Do I earn points on paying my electricity and water bills?
No, utility bills are included in the bank exclusions and will not earn any reward points on this card.
Will I earn reward points if I use the card to pay rent?
No, rent payments are strictly excluded from the rewards program, and you will also incur a 1% processing fee on the transaction amount.
Do wallet recharges earn any points?
No, adding money to digital wallets like Paytm or Amazon Pay does not accumulate any reward points on this card.
How can I use the points I earn?
You can redeem your points instantly for free fuel at select BPCL stations or use them to buy products from the SBI Card Shop and Smile Rewards Catalogue.
If I have 2,000 points, how much free fuel can I get?
Since 4 points equal Rs. 1, a balance of 2,000 points will give you exactly Rs. 500 worth of free fuel at participating BPCL pumps.
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 RP = ₹0.25
Redemption Options
- Fuel credit at BPCL stations
- Merchandise
To check redemption catalogue
Earning points is only half the journey; redeeming them efficiently dictates the real value of the card...
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Earning points is only half the journey; redeeming them efficiently dictates the real value of the card...
Earning points is only half the journey; redeeming them efficiently dictates the real value of the card. With the SBI BPCL Credit Card, redemption is versatile and straightforward. You have two main avenues to use your points: instant fuel redemption or catalogue shopping. Every 1 Reward Point is worth Rs. 0.25, giving you a clear exchange rate of 4 points to Re. 1.
If you prefer immediate savings, you can drive into select BPCL petrol pumps, inform the attendant, and instantly redeem your points against your fuel purchase. For instance, if you have 4,000 reward points, you can get Rs. 1,000 knocked off your petrol bill right at the pump. Alternatively, you can log into the SBI Card website and visit the Shop and Smile Rewards Catalogue to redeem points for merchandise, gift vouchers, or electronics.
Keep in mind that there is a cost associated with the redemption process. The bank charges a reward redemption handling fee of Rs. 99 plus applicable GST for every redemption request you make through the portal. To maximize your value, it is smarter to accumulate a large number of points and redeem them in one big batch rather than making multiple small redemptions and paying the Rs. 99 fee repeatedly.
View FAQ
Commonly Asked Questions
How do I redeem my points for free fuel?
You can redeem your points instantly at select BPCL petrol pumps. Just ask the attendant to swipe your card for point redemption instead of a regular payment.
What is the monetary value of my reward points?
Every 1 reward point equals Rs. 0.25. So, if you have accumulated 10,000 points, they are worth Rs. 2,500 in redemption value.
Is there any fee to redeem my reward points?
Yes, the bank charges a reward redemption handling fee of Rs. 99 plus applicable GST per redemption request.
Can I redeem points for Amazon or Flipkart vouchers?
Yes, you can visit the SBI Card Shop and Smile Rewards Catalogue online and redeem your points for various brand merchandise and gift vouchers.
How many points do I need before I can redeem?
You must accumulate a minimum of 2,000 reward points before you can initiate a redemption request on the SBI Card portal.
Do these reward points ever expire?
SBI BPCL reward points come with a fixed validity period of 24 months, after which they will expire if not redeemed.
Gift card - Key Terms
Once you apply, we will start tracking your application
Generally takes 2-72 hrs
Once the bank confirms us of your successful card activation, we will process your rewards
Generally takes 7-75 days
You can then withdraw your rewards via Amazon Pay Balance/Flipkart gift cards
Generally takes 7-75 days
Note: If you currently hold or have ever held an SBI Credit Card, you are not eligible for CashKaro Rewards.
Rewards Related
- If you currently hold or have ever held an SBI Credit Card, you are not eligible for Gift Card
- A minimum transaction of Rs.100 within 30 days is mandatory to activate your card; otherwise, you wont be eligible for the Rewards
- Please use Aadhaar linked mobile number to fill the application
- If the distance between your residence and office addresses is 150 km or more, please ensure that your residence is selected as the mailing address. Applications not adhering to this will be rejected
- VKYC done over 50km from your Aadhaar/communication address will result in application rejection and loss of Rewards
Also, Remember
- Resume your application only via Great.Cards to avoid losing Rewards
- If your Rewards do not track, raise a Missing Rewards Ticket within 30 Days from the application date
- Rewards can only be redeemed as Amazon Pay Balance and Flipkart Gift Card
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
EMI Spends
Rent Payment
Insurance Payments
Wallet Loads
Fuel Spends (Non BPCL)
Utility bills
Cash Advances
Balance transfers
For Spends Waiver
EMI Spends
Rent Payment
Insurance Payments
Wallet Loads
Fuel Spends (Non BPCL)
Utility bills
Cash Advances
Balance transfers
To avoid unpleasant surprises when your statement arrives, you must know which transactions do not yiel...
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To avoid unpleasant surprises when your statement arrives, you must know which transactions do not yiel...
To avoid unpleasant surprises when your statement arrives, you must know which transactions do not yield any reward points. The SBI BPCL Credit Card has a strict list of excluded spending categories where the reward mechanism is turned off.
The excluded transactions include EMI spends, rent payments, insurance payments, wallet loads, utility bills, cash advances, and balance transfers. If you convert a large Rs. 30,000 electronics purchase into an EMI, you will not earn a single reward point on that transaction. Similarly, if you pay a Rs. 15,000 house rent using your credit card, you not only miss out on points but also incur a 1% rent payment fee.
Interestingly, while normal "fuel spends" are broadly listed as excluded in bank terms for regular rewards, this specific co-branded card offers its 13X accelerated points at BPCL pumps. However, fuel purchased at non-BPCL stations (like HPCL or IndianOil) will fall under the standard fuel exclusion and will not earn regular points.
View FAQ
Commonly Asked Questions
Will I earn points if I pay my rent with this card?
No, rent payments are strictly excluded from earning any reward points, and you will also be charged a 1% processing fee.
Do I get rewards if I buy a phone on EMI?
No, any transaction converted into an EMI spend is completely excluded from the rewards program.
Can I earn points by paying my life insurance premium?
No, insurance payments are listed under bank exclusions and do not accumulate any reward points.
Will loading money into my Paytm wallet give me points?
No, wallet loads are excluded. Adding Rs. 5,000 to an e-wallet will process normally but yield zero points.
Do I earn points on paying my electricity bill?
No, utility bills such as electricity, water, and gas payments do not earn any reward points on this card.
What happens if I withdraw cash from an ATM?
Cash advances do not earn any reward points. Furthermore, you will be hit with a massive 2.5% withdrawal fee and immediate high interest rates.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 3.50% |
APR Fees Finance charges of 3.50% per month (42% per annum) apply on unpaid outstanding balances until the amount is fully repaid. | 3.50% |
ATM withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable). | 2.50% |
Reward Redemption Fees A reward redemption handling fee of ₹99 plus applicable GST is charged per redemption request. | ₹99 |
Link for all T&Cs | Click Here |
Railway Surcharge A railway booking surcharge of 1.80% for online transactions and 2.50% for other bookings is applied, with additional bank charges and taxes recovered at actuals. | 1.80% |
Rent Payment Fees A surcharge fee of ₹199 + GST applies on rental transactions made using the credit card | ₹199 + GST |
cheque Payment Fees A cheque payment fee of ₹200 is charged for payments made via cheque. | ₹200 |
Cash Payment Fees A cash payment fee of ₹250 plus applicable taxes is charged for payments made at SBI branches. No fee is applicable for cash payments made at Karur Vysya Bank branches | ₹250 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹500 | ₹₹0 |
| ₹501 - ₹1,000 | ₹400 |
| ₹1,001 - ₹10,000 | ₹750 |
| ₹10,001 - ₹25,000 | ₹950 |
| ₹25,001 - ₹50,000 | ₹1,100 |
| ₹50,001 and above | ₹1,300 |
Understanding the exact fees attached to your credit card helps you avoid expensive penalties and maxim...
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Understanding the exact fees attached to your credit card helps you avoid expensive penalties and maxim...
Understanding the exact fees attached to your credit card helps you avoid expensive penalties and maximize your real-world savings. The SBI BPCL Credit Card maintains a standard fee structure common to entry-level cards, but you must be cautious of high interest rates and specific transaction charges.
Joining Fee: The bank charges a one-time joining fee of Rs. 499 when the card is issued. However, this cost is fully offset by the welcome benefit of 2,000 reward points (worth Rs. 500) you receive shortly after paying the fee.
Annual or Renewal Fee: From the second year, an annual fee of Rs. 499 applies. The bank waives this fee if you spend Rs. 50,000 or more on your card in the previous year. For example, spending just Rs. 4,200 a month on groceries and fuel easily covers this waiver target.
APR or Interest Rate: If you do not pay your total outstanding bill by the due date, a high interest rate of 3.75% per month is applied. For instance, if you leave a balance of Rs. 10,000 unpaid, you will incur an interest charge of Rs. 375 for just one month, which compounds quickly over time.
Late Payment Charges: Missing your payment deadline results in slab-based penalties. For balances between Rs. 0 and Rs. 500, the fee is Rs. 0. For balances of Rs. 501 to Rs. 5,000, it is Rs. 500. For Rs. 5,001 to Rs. 10,000, the fee is Rs. 750. For anything over Rs. 10,000, the fee is Rs. 1,200. If your pending bill is Rs. 6,000, you will be slapped with a Rs. 750 late fee plus the 3.75% interest.
Foreign Transaction or Forex Markup Fee: Using this card for international purchases incurs a 3.5% forex markup fee. If you buy software online in US dollars equivalent to Rs. 10,000, the bank will add an extra Rs. 350 to your bill as a markup charge.
ATM Cash Withdrawal Fee: Withdrawing cash from an ATM using this credit card triggers a massive fee of 2.5% of the withdrawn amount, subject to a minimum of Rs. 500. If you withdraw Rs. 10,000, you will instantly pay a Rs. 500 fee, plus daily interest from the moment of withdrawal.
Rent Payment Convenience Fee: Paying your house rent through the credit card attracts a 1% processing fee. If you pay a rent of Rs. 20,000, the bank will charge you an extra Rs. 200, making it an expensive way to pay rent since you earn zero reward points on it.
Railway Surcharge: Booking train tickets via the IRCTC website incurs a railway surcharge of 1.80% for online transactions and 2.50% for other offline bookings. If you book a Rs. 2,000 ticket online, expect an extra Rs. 36 added to the cost.
Cash Payment Fee: If you visit an SBI branch to pay your credit card bill in physical cash, the bank will levy a cash payment fee of Rs. 175 per deposit. You can easily avoid this by paying online through UPI or net banking.
Cheque Payment Fee: If you pay your bill via a cheque and it bounces due to insufficient funds, a cheque return fee of 2% of the payment amount is levied. A bounced cheque for a Rs. 15,000 bill will cost you Rs. 300 in penalty fees.
Reward Redemption Fee: When you decide to convert your points into vouchers or products, a reward redemption handling fee of Rs. 99 plus GST is charged per request. If you redeem points for a Rs. 500 voucher, the Rs. 99 fee heavily eats into your actual savings.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 499 |
| Annual Renewal Fee | Rs. 499 (Waived on Rs. 50,000 annual spend) |
| Interest Rate (APR) | 3.75% per month |
| Late Payment Fee | Rs. 0 to Rs. 1,200 depending on balance |
| Forex Markup | 3.5% |
| Cash Withdrawal Fee | 2.5% (Min Rs. 500) |
| Rent Payment Fee | 1% |
| Railway Surcharge | 1.80% online / 2.50% other |
| Cash Bill Payment Fee | Rs. 175 |
| Cheque Return Fee | 2% of payment amount |
| Reward Redemption Fee | Rs. 99 + GST per request |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The one-time joining fee is Rs. 499, which is offset by the 2,000 bonus points you receive upon activation.
What is the annual or renewal fee?
The annual fee from the second year onwards is Rs. 499 plus taxes.
Is there an annual fee waiver based on spending?
Yes, if you spend Rs. 50,000 or more in a year, the Rs. 499 annual fee for the next year is completely waived.
How can I get this card lifetime free?
This card is not offered as a lifetime free product; you must meet the Rs. 50,000 annual spend requirement to have the renewal fee waived every year.
What is the interest rate (APR) if I don't pay my full balance?
The bank charges a very high interest rate of 3.75% per month on your outstanding balance.
How is the interest calculated on outstanding balances?
If you fail to pay the full statement balance by the due date, the 3.75% monthly interest is applied dynamically from the date each transaction was made, not just the due date.
What are the late payment charges?
Late fees are slab-based: Rs. 0 for balances under Rs. 500, Rs. 500 for balances up to Rs. 5,000, Rs. 750 up to Rs. 10,000, and Rs. 1,200 for anything over Rs. 10,000.
What is the forex markup for international transactions?
A 3.5% forex markup is applied to all international POS and foreign currency online transactions.
Can I withdraw cash using my credit card?
While you can, it is highly discouraged because a heavy cash advance fee of 2.5% applies immediately.
What are the precise cash withdrawal charges and limits?
You pay 2.5% of the withdrawn amount, with a minimum guaranteed fee of Rs. 500, plus daily interest charges from day one.
Are there fees for paying rent with this card?
Yes, a 1% processing fee is levied on the transaction amount when you use the card to pay rent.
Is there a fee for paying my bill in cash?
Yes, paying your credit card bill in physical cash at an SBI branch incurs a Rs. 175 fee per deposit.
What are the charges for cheque payment of bills?
If you pay by cheque and it bounces, a massive 2% cheque return fee is charged on the payment amount.
Are there charges for railway ticket bookings?
Yes, an IRCTC surcharge of 1.80% is applied for online bookings, and 2.50% for other booking methods.
Is there a fee to redeem my reward points?
Yes, a handling fee of Rs. 99 plus GST is charged every time you submit a reward redemption request.
Documents Required
To process your application smoothly, you must provide proof of identity, address, and income. Having these ready prevents unnecessary delays.
You need your PAN Card as the primary identity document. For address proof, an Aadhaar Card, Passport, or Voter ID is acceptable. To prove your income, salaried employees should provide their latest two months' salary slips and the last three months' bank statements showing salary credits. Self-employed applicants must submit their latest Income Tax Return (ITR) computation along with business continuation proof.
View FAQ
Commonly Asked Questions
What identity proofs are accepted for the application?
You will need your original PAN card for identity verification. An Aadhaar card or Passport can serve as your primary address and ID proof.
What income proof is required for salaried applicants?
Salaried individuals must submit their latest 2 months' salary slips and a recent bank statement showing salary credits to prove their Rs. 3.6 Lakh annual income.
What income proof do self-employed applicants need?
Self-employed professionals must submit their latest Income Tax Return (ITR) showing a minimum income of Rs. 4 Lakhs, along with audited financials if requested.
Can I use my rental agreement as address proof?
A registered rental agreement along with a utility bill in your name is an acceptable form of current address proof if your Aadhaar address differs from your current residence.
Do I need physical copies of these documents?
If you opt for Video KYC, you only need to show your physical PAN card on camera. Other documents can be uploaded digitally in PDF format.
What if my Aadhaar is not linked to my mobile number?
If your Aadhaar is not linked to your mobile number, online e-KYC will fail, and you may have to undergo a physical verification process which takes much longer.
Who Should Get This Card?
If you are a daily commuter driving a car or riding a bike to work, and you regularly stop at a BPCL pump, this card is practically built for you. The Rs. 30,000 monthly salary requirement makes it highly accessible. For anyone spending around Rs. 3,000 to Rs. 4,000 on petrol every month, the 4.25% value back will generate visible savings.
On the flip side, who should avoid this card? If you rely on public transport, use EVs, or if your neighborhood only has HPCL or IndianOil pumps, this card serves no purpose. Furthermore, if you are looking for a card to reward your online shopping or dining habits, the heavy exclusions on utility and normal spends make this a poor primary card. It functions best as a secondary card kept in the wallet solely for trips to the BPCL station.
Credit Limit and What to Expect
Your credit limit determines how much you can spend on the card in a given month. The bank assigns this limit based on your income, existing credit profile, and past repayment behavior. Higher salaries and a CRIF score well above 720 result in a more generous initial credit limit.
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Commonly Asked Questions
What will be my starting credit limit?
The initial credit limit typically ranges from Rs. 20,000 to Rs. 1,50,000 based on your specific income level and CRIF score of 720 or higher.
Can I request a higher credit limit later?
Yes, the bank reviews your usage and repayment history after 6 to 12 months and may offer a limit enhancement if you pay your bills on time.
Will a low salary mean a very low credit limit?
If you apply with the minimum required salary of Rs. 3.6 Lakhs, expect a conservative starting limit, perhaps around Rs. 30,000 to Rs. 50,000, which can increase over time.
Can I spend beyond my credit limit?
Spending beyond your assigned limit incurs an over-limit fee of 2.5% of the over-limit amount, subject to a minimum of Rs. 600.
Does the Rs. 10,000 fuel cap depend on my credit limit?
No, the Fuel Freedom Benefits cap of Rs. 10,000 is a separate program limit for earning rewards and applies regardless of how high your overall credit limit is.
Does checking my limit affect my credit score?
No, viewing your assigned credit limit in your banking app does not impact your CRIF or CIBIL score. Only applying for new credit causes a hard inquiry.
How to Apply?
Applying for the SBI BPCL Credit Card is a fully digital and secure process. You can start the application directly on the SBI Card website or via official partner links. Ensure you have your PAN card, Aadhaar card, and current address details handy before you begin.
After filling in your basic details like name, income, and employment type, the system will instantly check your CRIF score and eligibility. If approved, you will be prompted to complete a Video KYC call. During Video KYC, a bank representative will verify your identity over a live video feed. Keep your original PAN card ready to show on camera. Ensure you have a stable internet connection and good lighting to prevent the call from dropping.
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Commonly Asked Questions
Can I apply for this card completely online?
Yes, the entire application process, including document submission and identity verification, can be completed online from your home.
What is Video KYC and is it necessary?
Video KYC is a mandatory digital verification process where a bank agent verifies your original PAN card and identity over a live video call, removing the need for a physical branch visit.
What documents do I need during the Video KYC call?
You only need your original physical PAN card and a blank piece of paper with a pen to provide a live signature during the call.
How long does it take to get the card after applying?
If your Video KYC is successful and all details are verified, the physical card is dispatched and delivered within 7 to 10 working days.
How can I track my SBI credit card application?
You can track your application status on the SBI Card website using the Application ID provided to you via SMS and email after submission.
What happens if my Video KYC gets disconnected?
If the call drops, you can easily restart the process using the same link provided by the bank via email or SMS.
That’s the full story of this credit card
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Top Benefits
Apply and get ₹1400 Rewards
Top Benefits
Get 2,000 Activation Bonus reward points Worth ₹500
credited within 20 days of joining fee payment
Earn 13X Reward Points on Fuel Purchases at BPCL Petrol Pumps
with maximum 1300 Reward points per billing cycle
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