The State Bank of India BPCL Credit Card (Bharat Petroleum Corporation Limited) is a specialized credit card designed for fuel-related benefits. Offering significant fuel savings, reward points, and easy EMI options, this card is ideal for individuals who frequently use BPCL fuel stations across India. Let’s dive into what makes the SBI BPCL Credit Card unique, its benefits, eligibility, and application status.
Introduction to SBI BPCL Credit Card
The State Bank of India BPCL Credit Card is part of SBI’s extensive credit card portfolio, designed to provide savings for consumers on fuel expenses at Bharat Petroleum stations. With fuel costs continuing to rise, the SBI BPCL Credit Card offers valuable benefits like fuel surcharge waivers, cashback on fuel purchases, and reward points that can be redeemed for fuel, making it an ideal choice for frequent drivers and commuters.
Features & Benefits of SBI BPCL Credit Card
The SBI BPCL Credit Card offers a wide range of benefits that can make fuel expenses more manageable.
Here’s a quick look:
Fuel Benefits
- 4.25% Value Back on Fuel: Earn reward points equivalent to 4.25% on every fuel purchase at BPCL fuel stations.
- 1% Fuel Surcharge Waiver: Save on fuel surcharge at BPCL petrol stations, up to Rs. 100 per month.
Reward Points Program
- Reward Points on Fuel: Earn 13X reward points on every Rs. 100 spent on fuel at BPCL stations.
- Additional Reward Points: Earn 1 reward point on every Rs. 100 spent on non-fuel retail purchases.
Other Benefits
- Easy EMI Conversion: Convert purchases above Rs. 2,500 into EMIs with attractive interest rates.
- Balance Transfer: Transfer the outstanding balance from other bank credit cards to your SBI BPCL Credit Card at lower interest rates.
Welcome Benefits
- 2,000 Bonus Reward Points: Get 2,000 reward points as a welcome benefit on payment of the joining fee. These points are redeemable at BPCL fuel stations.
Eligibility for SBI BPCL Credit Card
SBI BPCL Credit Card Eligibility Requirements:
To apply for the SBI BPCL Credit Card, applicants need to meet certain eligibility criteria:
| Eligibility Criteria | Requirements |
|---|---|
| Age | 21 – 65 years |
| Income | Minimum income as required by SBI for card issuance |
| Residential Status | Resident of India |
| Credit Score | Preferably 750 and above for higher approval probability |
Additional documents may be requested, such as identity proof, income proof, and address proof, to validate eligibility during the application process.
Application Process and Tracking Status
The application process for the SBI BPCL Credit Card is straightforward and can be done online or offline. Here’s how you can apply and track the status:
How to Apply
1. Online Application:
Visit the official SBI Card website, navigate to SBI BPCL Credit Card, and fill out the application form.
2. Offline Application:
Visit any SBI branch to fill out a physical application form and submit necessary documents.
Tracking Application Status
To check your SBI BPCL Credit Card status, follow these steps:
1. Online Status Check:
Visit the SBI Card website, enter your application number, and track the status.
2. Customer Service:
Call SBI’s toll-free number 1860 180 1290 for assistance on application status.
Fees and Charges
| Fee Type | Amount |
|---|---|
| Joining Fee | Rs. 499 + GST |
| Annual Fee | Rs. 499 + GST (waived if spending threshold met) |
| Interest Rate | 3.50% per month or 42% annually |
| EMI Conversion | Fee 1.5% of transaction amount or Rs. 249 (whichever is higher) |
| Foreign Transaction Fee | 3.5% of transaction value |
| Late Payment Fee | Rs. 0 to Rs. 1300, based on amount due |
Understanding these fees can help cardholders optimize their spending and maximize savings with the SBI BPCL Credit Card.
Read Also – SBI SimplyClick Credit Card
Investment Trends and Fuel Cost Savings
With rising fuel prices, it’s essential to maximize savings on fuel expenses. SBI BPCL Credit Cardholders benefit from high reward rates on fuel purchases, which can be a smart choice in the current economic climate.
How the SBI BPCL Credit Card Helps Save
1. Fuel Cashback and Waivers:
Fuel surcharge waivers and cashback benefits reduce the effective price per liter, saving users money in the long term.
2. Reward Points:
Use accumulated reward points to offset future fuel expenses, effectively reducing monthly fuel costs.
3. Investment Insight:
With global oil prices fluctuating, having a card like SBI BPCL can help stabilize fuel expenses by reducing out-of-pocket costs.
Conclusion
The State Bank of India BPCL Credit Card is a great option for anyone who wants to save on fuel expenses, especially if you frequently refuel at BPCL stations. Offering a high reward rate on fuel and additional benefits such as EMI conversion and easy balance transfers, it’s a well-rounded credit card for managing fuel costs and everyday purchases. With the added advantage of fuel surcharge waivers, the SBI BPCL Credit Card ensures that users can save on their essential spending.
For those looking to make the most out of their fuel expenditure, this card can be a smart addition to your wallet.
FAQs
What is the joining fee for the SBI BPCL Credit Card?
The joining fee is Rs. 499 + GST. You also receive 2,000 reward points as a welcome benefit.
How can I check my SBI BPCL Credit Card application status?
You can check the status by visiting the SBI Card website and entering your application number or by calling SBI’s customer service.
What is the eligibility for the SBI BPCL Credit Card?
Applicants must be Indian residents aged between 21 and 65 years with a stable income and a credit score of 750 or above.
Are reward points redeemable only at BPCL outlets?
Yes, the reward points earned on fuel purchases are redeemable at BPCL outlets.
What is the annual fee waiver condition for SBI BPCL Credit Card?
The annual fee is waived if the cardholder meets the annual spending threshold set by SBI.
Engage with us in the comments if you have questions or personal experiences with the SBI BPCL Credit Card. Don’t forget to share this guide on social media for anyone looking to save on fuel!