Credit cards are very popular these days, which is why you can find a variety of cards. Banks continue to issue a wide range of credit cards to meet the needs of various individuals. Furthermore, consumers are attracted to credit cards because of the ease with which they can obtain financial assistance. Fuel-specific credit cards were required as a result of the evolving market and needs. As a result, SBI has introduced the BPCL SBI Credit Card. It gives you cash back on your fuel purchases at BPCL petrol stations. You can also get other benefits here, such as a welcome bonus, rewards, an add-on card facility, a contactless advantage, and many more. Keep reading to know more about “How much money can you save on petrol purchases if you use the BPCL SBI Credit Card?”
What is the BPCL SBI Credit Card?
The BPCL SBI Credit Card is a co-branded credit card that SBI has launched in collaboration with BPCL. It is a fuel-specific credit card that offers amazing benefits and offers across fuel purchases. As a welcome benefit, you will get 2000 bonus reward points worth INR 500. However, it can be availed only after paying the joining charges. Further, the reward points will be credited within 20 days of paying the joining fees. You can also use your reward points to buy fuel at BPCL petrol stations. Nonetheless, BPCL outlets offer up to 13X reward points on fuel purchases. However, the maximum number of reward points you can earn per billing cycle is 1300.
Waive the 3.25% + 1% fuel surcharge on all BPCL transactions up to INR 4000. In a billing cycle, the maximum surcharge waiver is INR 100. As a result, the maximum amount you can save on fuel purchases per year is INR 1200. In addition, every INR 100 spent on groceries, department stores, movies, and dining earns you 5X reward points. Whereas, 1 reward point is offered for spending INR 100 on non-retail fuel purchases. The reward points you have earned can be availed for fuel purchases or used to pay the outstanding balance. It is because 4 reward points are equivalent to INR 1. So as per your preference, you can utilize the reward points.
The BPCL SBI Credit Card is accepted at 24 million outlets worldwide. Whereas in India it is accepted by 3,25,000 outlets. So you wouldn’t face any sort of hassle while using the credit card anywhere. Also, you can easily pay all your utility bills with the help of the Easy Bill Pay Facility. There are sometimes when we didn’t have to pay the total bill amount at one point in time. However, to tackle this the credit card comes with the Flexipay feature. As a result, now you can convert transactions worth INR 2500 or more than it into easy EMIs. The BPCL Credit Crad has an add-on card feature for your family members and loved ones.
Benefits and Features of the BPCL SBI Credit Card for Fuel Purchases
The BPCL SBI Credit Card offers several benefits and features for those who frequently purchase fuel. One of the main benefits is the waiver of the fuel surcharge on all BPCL transactions up to INR 4000 per billing cycle, which can result in savings of up to INR 100 per billing cycle. Additionally, the card offers up to 13X reward points on fuel purchases at BPCL outlets, which can be used to buy fuel or pay the outstanding balance. The card also offers 5X reward points for spending on groceries, department stores, movies, and dining, making it a versatile card for everyday expenses.
In terms of features, the BPCL SBI Credit Card comes with contactless technology, which allows for fast and safe transactions. It also offers an easy bill pay facility, which makes it convenient to pay utility bills. The Flexipay feature allows transactions worth INR 2500 or more to be converted into easy EMIs, making it easier to manage expenses. Finally, the add-on card feature allows family members and loved ones to also benefit from the card’s features and rewards.
Overall, the BPCL SBI Credit Card is a good option for those who frequently purchase fuel and want to save money on their purchases. Its additional features and benefits make it a versatile card for everyday expenses as well.
SBI BPCL Credit Card is one of the best credit cards for fuel purchases. You can use it to save a lot of money on purchasing fuel daily. However, it is one of the most viable options for those who travel daily in their own vehicle. In addition, it empowers contactless technology. Therefore, you can make fast and safe transactions using this SBI Credit Card. To obtain it you need to spend INR 499 as joining charges and INR 499 annual charges. Further, the annual fee can be waived on spending INR 50,000 in the preceding year. Additionally, you have to submit some necessary documents like address proof, identity proof, salary slip, form 60, and PAN card. They are necessary for the verification and identification of the applicant.
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