SBI BPCL Credit Card

About SBI BPCL Credit Card

Are you tired of watching the fuel meter tick up while your wallet feels the burn? The SBI BPCL Credit Card is built to turn your monthly fuel bills into actual savings.

This card offers a massive 4.25% value back on your fuel purchases at Bharat Petroleum stations. If you spend ₹10,000 on fuel every month, you could be looking at significant annual savings through reward points and surcharge waivers. No complex math is required: you spend at the pump and get points back that you can use for more fuel. It is a straightforward way to beat rising petrol and diesel prices.

Designed for daily commuters and professionals earning over ₹30,000 monthly, this card focuses on high-frequency spending. Unlike generic cards that give you tiny rewards on everything, this one goes deep on your biggest monthly expense: travel.

What sets it apart:

• ✓ 4.25% value back on BPCL fuel, which is roughly 13X more than what you get on standard spends.
• ✓ A low annual fee of ₹499 that pays for itself almost immediately through the welcome bonus.
• ✓ The ability to redeem your points instantly right at the petrol pump, saving you the hassle of browsing catalogs.

Quick check: To qualify for this card, you will need a minimum monthly income of ₹30,000 and a credit score (CRIF) of at least 720. If you meet these, you are ready to start saving.

Let's break down why the SBI BPCL Credit Card belongs in your wallet:

Key Benefits and Features of the SBI BPCL Credit Card

The SBI BPCL Credit Card is widely considered one of the best entry-level fuel cards in India. It focuses on providing maximum value where most people spend the most. Here is a detailed look at the rewards and features:

Fuel Savings and Value Back

The primary reason to get this card is the 4.25% value back at BPCL petrol pumps. This is broken down into two parts: 3.25% as reward points and a 1% fuel surcharge waiver. You earn 13X reward points on every ₹100 spent on fuel at any BPCL station. This is capped at 1,300 reward points per billing cycle, which is perfect for most individual car owners. If you spend ₹4,000 on fuel in a month, you maximize your 3.25% value back effortlessly.

Welcome Bonus

When you pay your joining fee of ₹499, the bank rewards you with 2,000 Activation Bonus Reward Points. Since 1 Reward Point equals ₹0.25, these points are worth exactly ₹500. Essentially, the card is free for the first year because the bank gives you the entire joining fee back in the form of points. These points are credited to your account within 20 days of your fee payment, provided you make a minimum transaction of ₹100 within the first 30 days of getting the card.

Annual Fee and Waiver

The SBI BPCL Credit Card comes with an annual fee of ₹499. However, you do not have to pay this if you use the card regularly. If your total annual spends for the previous year reach ₹50,000 or more, the renewal fee is completely waived. For someone spending just ₹4,200 a month on fuel and groceries, this waiver is very easy to achieve.

Reward Point System

While fuel is the star, you also earn on other spends. You get reward points on all non-fuel purchases, though some categories like rent, insurance, and utility bills are excluded from earning rewards. Your points have a clear value: 4 reward points equal ₹1. This makes it easy to track exactly how much money you have saved.

Reward Redemption

Redeeming points is simple. You can use your points for fuel credit at BPCL stations or choose merchandise from the SBI Card shop-and-smile catalog. The most efficient way to use them is for fuel, as it provides a direct cash-equivalent value at the pump.

Fuel Surcharge Waiver

You get a 1% fuel surcharge waiver on transactions up to ₹4,000 at BPCL pumps. The maximum waiver is capped at ₹100 per billing cycle. This ensures that the extra fees usually charged by banks at petrol pumps do not eat into your savings.

How to Apply?

The application process for the SBI BPCL Credit Card is simple and can be completed mostly online. Follow these steps to get your card:

1. Go to the official SBI Card website or use the BankKaro application link to start your journey.
2. Enter your mobile number and basic details to check for any pre-approved offers.
3. Ensure you meet the eligibility criteria: you should be between 21-70 years old and have a steady monthly income of at least ₹30,000.
4. Fill out the digital application form with your professional and personal details.
5. Submit the required digital copies of your documents when prompted.
6. Complete the Video KYC (Know Your Customer) process if offered, which makes the process much faster.
7. Once verified, your card will be dispatched to your registered address within 7-10 working days.

Credit Limit: What to Expect

The credit limit on your SBI BPCL Credit Card is determined by your personal financial profile. SBI Card assigns limits based on your income and credit history. Entry-level applicants receive a starting credit limit ranging from ₹30,000 to ₹75,000 based on their income profile.

Factors that influence your limit include your monthly salary, your current CRIF or CIBIL score (a minimum of 720 is required), and your existing debt-to-income ratio. If you already have other credit cards with high limits and a clean payment history, SBI will offer you a generous limit. You can request a limit increase after 6-12 months of disciplined usage and timely bill payments. Your exact credit limit will be explicitly mentioned in the digital approval letter and the welcome kit sent to your registered address.

Comparison Table: SBI BPCL vs. Competitors

Before you decide, it is important to see how the SBI BPCL Credit Card stacks up against other popular fuel cards in the market. We have compared it with three major competitors to help you choose the best fit for your fuel needs.

If your neighborhood or commute route is lined with BPCL stations, the SBI BPCL card is the clear winner because of its straightforward 4.25% value back. While the HDFC and ICICI cards offer slightly higher percentages (5%), they are restricted to their respective oil partners. The SBI card stands out because its fee waiver milestone is one of the easiest to reach at just ₹50,000.

Documents Required for SBI BPCL Credit Card Application

To ensure a smooth application process, keep these documents ready. You will need to submit them for verification after filling out the application form.

For Salaried Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, or Voter ID.
• Address Proof: Aadhaar Card, Passport, or Utility Bills (electricity or landline bill not older than 2 months).
• Income Proof: Last 3 months' salary slips and 6 months' bank statements showing salary credits.
• Employment Proof: Employee ID card.

For Self-Employed Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, or Driving License.
• Address Proof: Aadhaar Card, Rent Agreement, or Property Tax Receipt.
• Income Proof: Latest 2 years' ITR (Income Tax Returns) with computation of income.
• Business Proof: GST registration certificate or Shop Act License.

Note: All documents should be clear and valid. The bank may ask for additional documents if your current address differs from the address on your Aadhaar card.

Who Should Get This Card?

Should you get this card? Here is who benefits most from the SBI BPCL Credit Card:

The Daily Commuter: If you are a professional who drives 20-30 kilometers to work every day and your monthly fuel bill is around ₹4,000 to ₹6,000, this card is a perfect match. By spending ₹4,000 at BPCL pumps, you hit the sweet spot for maximum rewards, effectively getting one liter of fuel free every few months.

The Entry-Level Professional: If you earn ₹35,000 a month and want your first "real" rewards card, this is it. The ₹50,000 annual spend waiver is very realistic. By putting your fuel and some basic shopping on this card, you avoid the annual fee entirely and earn points on money you would have spent anyway.

The BPCL Loyalist: If there is a BPCL station right next to your home or office, this card is a no-brainer. The ability to instantly redeem points at the pump makes the savings feel real and immediate, unlike other cards where you have to wait for vouchers or merchandise.

You might want to skip this card if:

• You do not own a vehicle or primarily use public transport, as the main benefits are fuel-centric.
• You prefer fueling at IndianOil or HPCL stations, as you will not earn the accelerated 13X reward points there.
• You are looking for travel perks like airport lounge access, which this card does not provide.

BankKaro Expert Review

Based on our analysis of the entry-level fuel card segment, the SBI BPCL Credit Card excels at simplicity and focused value. Most fuel cards try to do too many things and end up offering mediocre rewards. This card knows its job: saving you money on petrol and diesel.

The biggest limitation is the lack of "lifestyle" perks. You will not find airport lounge access, movie ticket offers, or dining discounts here. It is a utility card in the truest sense. However, the 4.25% value back is quite high for a card with such a low annual fee. Another minor drawback is the exclusion of rewards on utility bills and insurance, which are common spending categories.

Our verdict: If your goal is to reduce your monthly fuel expenses and you prefer BPCL stations, this is one of the best cards you can own. It pays for itself in the first year and offers a very easy path to waive future fees. It is a practical, high-value tool for the average Indian driver.

Terms and Conditions

Before applying, please keep these specific terms in mind to ensure you get all the benefits:

• A minimum transaction of ₹100 within the first 30 days of card issuance is mandatory to activate the card and become eligible for the 2,000 reward points welcome bonus.
• The bank may offer a different card variant based on your eligibility profile. Please read the features of the specific card offered before you submit your final application.
• Reward points for the welcome bonus are credited 20 days after the joining fee has been paid.
• Fuel surcharge waivers and accelerated reward points are only applicable at authorized BPCL petrol pumps.
• Spends on EMI, rent payments, insurance, wallet loads, and utility bills do not earn reward points.