SBI Fuel Credit Card: A Complete Review

Written by shane  »  Updated on: July 07th, 2024

SBI Fuel Credit Card: A Complete Review

Most credit cards do not provide any reward points for fuel purchases. Hence, heavy fuel users should closely examine the best fuel cards on offer. One such card is the SBI BPCL credit card, a joint collaboration between two leading organizations, the State Bank of India (SBI) and Bharat Petroleum Corporation Limited ( BPCL). This fuel credit card by SBI is a co-branded fuel card that provides attractive incentives on fuel expenses. Let us have a closer look.

Features of SBI BPCL Credit Card

4.25% Benefit on Fuel Purchases


3.25% special benefit on fuel purchases: Your fuel credit card SBI can help you earn 13 reward points on every 100 INR spent on fuel purchases at BPCL petrol pumps, which means one reward point equals 0.25 INR of fuel at BPCL fuel pumps. Teh reward points can be converted into BPCL vouchers online either on your mobile app or by calling SBI Cards. You may also redeem your reward points directly at one of the BPCL outlets or through the SBI Card exclusive Reward Point Program, i.e., Shop n Smile, for exclusive leisure, lifestyle, and travel products. But you may get a value lower than 0.25 INR for each reward point.

Remember that the special benefits on BPCL fuel purchases are capped at 10,000 INR per month, which means that the maximum points you can earn at this special rate are limited to 1300 reward points per your monthly card statement cycle. So after the first 10,000 INR spent on BPCL fuel purchases within a month, you can earn a basic benefit rate of one reward point for every 100 INR you spend on additional purchases during the month. Also, keep in mind that the individual fuel transaction amount cannot be more than 4000 INR.

1% fuel surcharge waiver: fuel surcharge is applicable only at BPCL fuel stations. There are two limits on the waiver benefits. First, the waiver is only given on individual fuel transactions up to 4000 INR. Second, the waiver is only given on monthly fuel purchases up to 10000 INR. Also, you need to meet both these conditions to qualify for a surcharge waiver.

1.25% Benefit on Groceries, Movies, Departmental Stores and Dining


You can earn five reward points on every 100 INR you spend in this category, corresponding to 1.25 INR. But the special benefit in this category is limited to 1 Lakh INR, which is the combined total spend per month. The maximum points earned at this special rate are limited to 5000 INR reward points per monthly card statement cycle. After you have spent 1 Lakh INR during the month, you can earn the basic benefit rate of 1 reward point for every 100 INR you pay on additional purchases during the month.

0.25% Benefit on All Other Spends

You can earn one reward point, i.e.0.25 INR on every 100 INR you spend on all other purchases; however, you need to note that there are no reward points on educational services and government institution spends.

Other Benefits of the SBI Fuel Card

Along with the above basic benefits, you also get additional rewards like 24/7 customer support, three lifetime free add-ons, and security features.

24/7 customer support: you can contact the bank for various issues and escalations like lost and stolen cards, complaints and grievances, raise and manage disputes and other contact information. You can block lost or stolen cards on your mobile app or internet banking by calling customer care or SMS.


Lifetime-free add-ons: You can also get add-on cards for your spouse, parents, siblings, or children above the age of 18. However, make sure you learn about the important terms and conditions of lifetime-free add-on cards.


Security features: the first feature includes chip and PIN technology for offline transactions. Previously, most credit cards used a magnetic stripe on the back of the card to store and transact data. But now they include a CHIP and PIN features that provide enhanced security. The PIN is disclosed to the cardholder only so that even if lost, it cannot be misused, as both the PIN and physical card are required to use the card. Another security feature is the two-factor authentication for online transactions. You must approve online transactions using an OTP received on your mobile phone. The card is unlikely to be misused when the OTP is only known to you unless someone can access your card details and phone. Two-factor authentication ensures a safe online purchase experience. The third and final security feature of the SBI fuel card is SMS alerts and notifications for both online and offline transactions. You get free SMS alerts and notifications for all your credit card transactions so that you know about all transactions on your card. In case your card is being misused, you can still get alerts and notifications that can help you immediately block the card.


Most credit cards do not provide any reward points for fuel purchases. Hence, heavy fuel users should closely examine the best fuel cards on offer. One such card is the SBI BPCL credit card, a joint collaboration between two leading organizations, the State Bank of India (SBI) and Bharat Petroleum Corporation Limited ( BPCL). This fuel credit card by SBI is a co-branded fuel card that provides attractive incentives on fuel expenses. Let us have a closer look.

Features of SBI BPCL Credit Card

4.25% Benefit on Fuel Purchases


3.25% special benefit on fuel purchases: Your fuel credit card SBI can help you earn 13 reward points on every 100 INR spent on fuel purchases at BPCL petrol pumps, which means one reward point equals 0.25 INR of fuel at BPCL fuel pumps. Teh reward points can be converted into BPCL vouchers online either on your mobile app or by calling SBI Cards. You may also redeem your reward points directly at one of the BPCL outlets or through the SBI Card exclusive Reward Point Program, i.e., Shop n Smile, for exclusive leisure, lifestyle, and travel products. But you may get a value lower than 0.25 INR for each reward point.

Remember that the special benefits on BPCL fuel purchases are capped at 10,000 INR per month, which means that the maximum points you can earn at this special rate are limited to 1300 reward points per your monthly card statement cycle. So after the first 10,000 INR spent on BPCL fuel purchases within a month, you can earn a basic benefit rate of one reward point for every 100 INR you spend on additional purchases during the month. Also, keep in mind that the individual fuel transaction amount cannot be more than 4000 INR.

1% fuel surcharge waiver: fuel surcharge is applicable only at BPCL fuel stations. There are two limits on the waiver benefits. First, the waiver is only given on individual fuel transactions up to 4000 INR. Second, the waiver is only given on monthly fuel purchases up to 10000 INR. Also, you need to meet both these conditions to qualify for a surcharge waiver.

1.25% Benefit on Groceries, Movies, Departmental Stores and Dining

You can earn five reward points on every 100 INR you spend in this category, corresponding to 1.25 INR. But the special benefit in this category is limited to 1 Lakh INR, which is the combined total spend per month. The maximum points earned at this special rate are limited to 5000 INR reward points per monthly card statement cycle. After you have spent 1 Lakh INR during the month, you can earn the basic benefit rate of 1 reward point for every 100 INR you pay on additional purchases during the month.

0.25% Benefit on All Other Spends

You can earn one reward point, i.e.0.25 INR on every 100 INR you spend on all other purchases; however, you need to note that there are no reward points on educational services and government institution spends.

Other Benefits of the SBI Fuel Card

Along with the above basic benefits, you also get additional rewards like 24/7 customer support, three lifetime free add-ons, and security features.

24/7 customer support: you can contact the bank for various issues and escalations like lost and stolen cards, complaints and grievances, raise and manage disputes and other contact information. You can block lost or stolen cards on your mobile app or internet banking by calling customer care or SMS.


Lifetime-free add-ons: You can also get add-on cards for your spouse, parents, siblings, or children above the age of 18. However, make sure you learn about the important terms and conditions of lifetime-free add-on cards.


Security features: the first feature includes chip and PIN technology for offline transactions. Previously, most credit cards used a magnetic stripe on the back of the card to store and transact data. But now they include a CHIP and PIN features that provide enhanced security. The PIN is disclosed to the cardholder only so that even if lost, it cannot be misused, as both the PIN and physical card are required to use the card. Another security feature is the two-factor authentication for online transactions. You must approve online transactions using an OTP received on your mobile phone. The card is unlikely to be misused when the OTP is only known to you unless someone can access your card details and phone. Two-factor authentication ensures a safe online purchase experience. The third and final security feature of the SBI fuel card is SMS alerts and notifications for both online and offline transactions. You get free SMS alerts and notifications for all your credit card transactions so that you know about all transactions on your card. In case your card is being misused, you can still get alerts and notifications that can help you immediately block the card.


Conclusion

BPCL SBI is a great fuel card if you spend 10,000 INR monthly on fuel. The high fuel reward rate on higher monthly fuel spending makes up this card's slightly lower special benefit rate.


Related Posts