SBI BPCL Credit Card benefits & Disadvantages – You must Know

SBI(State Bank Of India) and BPCL have collaborated and they launched their co-branded card named SBI BPCL Credit Card.  As you know BPCL(Bharat Petroleum) is a Petroleum company. SBI BPCL Credit Card is an inter-level credit card of SBI. this card mostly provides you benefits on fuel transactions. If you don’t need a petroleum-related credit card. You can also check SBI SimplyClick Credit Card & SBI simply save Credit Card.

Benefits Of SBI BPCL Credit Card:

SBI BPCL credit card is giving a lot of benefits on fuel transactions. If you are in the transport sector or any other sectors are related to vehicles. This SBI BPCL credit card can be very beneficial for you. However, this card doesn’t have a lot of benefits because it’s an interlevel credit card.

A Welcome Benefit:

After 20 days of joining SBI BPCL credit card & payment of join fees. You will get 2000 Reward points as a welcome gift. These 2000 reward points are worth approx 500 rupees. You can redeem these reward points from any BPCL petrol pump by purchasing fuel. SBI is giving you a welcome gift to equal your joining fees.

Value Back Benefit:

At any BPCL petrol pump, If you spend a hundred rupees, you will get 4.25% cashback as 13 rewards points. So you can earn 13 rewards points on every hundred rupees spent from the SBI BPCL credit card on the BPCL petrol pump. The limit of reward points is 1300 in a month. Your 1% surcharge will be cut then your cashback is 3.25% which is great.

Excluding the BPCL petrol pump, every 100 rupees spent goes to the petrol pump. You will get 1 reward point on every hundred rupees spent.

Surcharge Waiver:

SBI BPCL credit card is giving a new 1% fuel surcharge waiver. If your transaction value is between 0 to 4000 rupees then you will get the surcharge waiver. You will get a fuel surcharge waiver maximum of 100 rupees in a month.

Milestone Benefit:

Milestone benefit, if you spend at least 50,000 rupees or above in a year. Your next year’s annual renewal fees will be waived off, It means you don’t need to pay next year’s renewal fees. If you are very connected with vehicles then only this credit can be helpful for you.

Grocery & movie tickets Offers:

Friends, if you spend with SBI BPCL Credit Card on the departmental store, grocery or movie tickets. For every 100 rupees spent, you will get 1.25% cashback as 5 reward points. Excluding grocery, movie tickets, and dining, you will get one reward point on every hundred rupees spent.

Note: If you want to redeem the rewards point that you earned. You have three ways to redeem your reward points. your 4 reward points are worth 1 rupee.

1. First, you can instantly redeem your rewards points by paying at the BPCL Petrol pump.
2. Second, you can also redeem your reward points from the SBIcard.com website.
3. Third, you can call the SBI card customer care helpline and you can tell them to redeem your reward points.

Benefits Of SBI BPCL Credit Card:

This is a petroleum  Credit card, So there is a strong possibility that This credit card is not beneficial for a lot of people. If you want to buy this card, you must read some downsides of the SBI BPCL Credit Card. May these disadvantages affect you to buy this credit card.

Finance Charges:

If any payment fails, If you have any overdue. You have to pay 3.35% as financial charges. So, overdue can be very problematic for your Finances.

Cash Advance Fees:

If you use this card to withdraw money from an ATM then you need to pay cash advance fees. The cash advance fee is 2.5 % or 300 rupees. You have to pay 2.5 % or 300 rupees, which will be higher. So, If you have a credit card that you can also use for ATM withdrawals, We recommend you, never use this SBI BPCL Credit Card for this purpose.

Late Payment Fees:

If you pay late for this credit card, You have to pay late payment fees between 100 rupees to 950 rupees. Your payment fees depend on your dues. So, you need to be very careful about payment dates.

Over Limit Charges:

Over the limit, charges are between 2.5 % and 500 rupees. You have to pay which is higher. 

Fees For SBI BPCL Credit Card:

While applying for an SBI BPCL credit card, you have to pay 499 rupees + GST. The annual fees for SBI BPCL Credit Card are also 499 rupees + GST. It means you have to pay 1,000 rupees + GST as joining fees & annual fees. If you used this SBI BPCL credit card, renew this credit card. You have to pay 499 rupees as second-year renewal fees.

To avoid renewal fees, Do at least a 50,000 rupees transaction from SBI BPCL Credit Card then you will get milestone benefit.

How To Apply For SBI BPCL Credit Card

To apply for this Sbi card, You need some basic documents & you must be in some eligibility criteria.

1. To prove your identity, you have to show one of these documents (Adhaar card, Voter card, passport & driving license). If you have any two documents then you can apply for SBI BPCL Credit Card.
2. Also, you have to show your income proof like a 3-months bank statement or salary slip. If you can’t show any one of those income proof, Your application will be rejected.
3. You can apply for this Credit Card online from Sbicard.com.
4. Got to SBicard.com & switch to the credit card page.
5. To apply, choose this credit card & click on apply now.
6. Fill in your contact details like Phone number & E-mail, get the OTP and fill it.
7. After that, fill in your basic details like Name, address & more.
8. Now you have to fill in your professional details like income & profession.

It’s done from your side, Now you will get a call from SBI. they will verify your details & ask you some questions. When verification is completed, you can pay the annual fee & Your Credit Card will be delivered to your address.