SBI BPCL Fuel Credit Card Review

By | February 6, 2018

SBICard recently launched a dedicated fuel credit card in association with Bharat Petroleum Corporation Limited and this article is all about it. The features mentioned on the card is kinda bit confusing because of lots of terms and conditions but here we’re to breakdown the numbers.

  • Joining Fee: Rs.500+GST
  • Welcome Bonus: 2000 Points (Rs.500 worth of fuel)

SBI BPCL Fuel Credit Card

Features and benefits of SBI BPCL Card:

The “13X Reward Points on fuel purchases at BPCL” simply means 13 Points and as the value of each point is Rs. 0.25, effective value out of 13X points = 3.25%. Now lets say you fuel for Rs.1000 and see how much you save.

  • Fuel Charge at BPCL: 1000 INR
  • -10 INR (1% Surcharge)
  • -1.8 (18% GST on surcharge)
  • +10 (1% Surcharge Waiver)
  • +32.5 (13X Points)
  • +7.5 (0.75% Gov. cashback)
  • Total Savings = 38.2 INR Equivalent (3.82% value)

So, in simple words, you can save Rs.955 per month if you spend 25k(may differ if you cross this limit) exactly ON FUEL but the effective savings maybe lot more if you’re currently using a credit/debit card that charges you surcharge.

Apart from the above, you can also get 5X points by spending on certain categories, which will save you 1.25% (5X points) which is OKAY if you don’t have cards like SBI Prime (review here) which has wonderful reward rate on many categories.

Conditions on Surcharge Waiver:

  1. SBI Surcharge on Fuel: 1% or Rs.10 whichever is higher (txn value Rs.500-Rs.4000)
  2. Max Surcharge Waiver: Rs.250/m (Spend: Rs.25,000/m)
  3. Max txn value per swipe: Rs.4000

Important Note: If you note the first point, the above savings wont work if you fuel BIKES, which is usually in Rs.500 range. Hence, holds good for car fuel spends between Rs.1000 to Rs.4000.

The limits above in place to avoid charges by commercial vehicle users. Ideally, this is an acceptable limit for the card as its primarily positioned for beginners with BPCL spends.

Bottomline:

Its good to see banks come up with dedicated Fuel cards but i wish it could be made even more simple. For example, i always prefer to use Amex cards at HPCL pumps so i get NO surcharge at all – peace of mind.

That aside, overall its a decent card for those who’s getting started with credit cards or for those who like a good value back on fuel charges. If you’re looking for even better fuel card, do check out the list of Best Fuel Credit Cards in India

  • CardExpert Rating: 4/5 

What’s your take on the new SBI BPCL partnership? Feel free to share your thoughts in comments below.

Author: Siddharth

A Credit Card freak minting reward points and cashback for years, started adding Airmiles in recent times. Obsessed with aviation, airport lounges and luxury travel at affordable cost.

37 thoughts on “SBI BPCL Fuel Credit Card Review

  1. Prashant Gupta

    Still icici amex hpcl gives 4% value and citi indianoil gives more than 2.5% values apart from the surcharge saving. I think these are the best out there.

    Reply
    1. Siddharth Post author

      Yes it is. Its quite a basic card and we should take it as “something is better than nothing”.

      Reply
  2. Shashi Gupta

    Standard charted card is also good for fuel , as it provide 5% cash back ( effectively 2.5% after surcharge ) for min transaction of 750/-

    Reply
    1. Prashant Gupta

      Icici gives 4% after surcharge. Ans citi 2.6% after surcharge.

      Reply
  3. Anubhav

    StanChart’s Super Value Titanium is the best fuel card. You can use it at any fuel station. Spend Rs. 75,000 every year and the fee will be reversed. I am saving Rs. 200 every month which accounts for Rs. 2400 in a year. 4% sc cash back, 1% surcharge reversal and 0.75% cashback from government. A total of 5.75% cashback. Plus there is no charge for transferring the cashback in your cc account.

    Reply
  4. sahil

    My fuel spends are approx 30k a month…I have Infinia, SBI Elite and Citi Premier miles. Which card is the best to use for fuel? I believe all of 3 cards hv surcharge waiver and no reward points on fuel?

    Reply
  5. Praveen Perumalla

    I switched to wallets for my fuel spends where I get 5% or 10% returns depending on the offer.

    Citi-IOCL, Amex-HPCL partnerships already in place, BPCL was left out and SBI roped them in now. A good competition in place but I feel wallets are more rewarding than any of the fuel cards.

    Reply
    1. Siddharth Post author

      True that! It works as long as banks keep rewarding Wallet txn’s.

      Reply
  6. Majumdar

    Sid,

    I have a different strategy for fuels. Pay using Mobikwik (or Paytm if Mobikwik not available) and load them with that credit card which gives you the highest yield (in my case Amex Plat Travel Card).

    On Mobikwik effective savings for fuelling upto Rs 10K per month could easily be around 4-5%, no surcharge and around 7% yield on Amex PT.

    Regards

    Reply
    1. Siddharth Post author

      That’s a nice idea which i think you’ve shared before too. But in my case, no wallets are being accepted in my location.

      P.S. I’ll add this point as an option in best fuel cards list shortly. Thanks.

      Reply
  7. Amrit

    The SBI website mentions 4.25% value back. which would be 3.25% + 1%.
    So i think that would mean 325 saved on ever 10k spent on fuel.

    Reply
    1. Siddharth Post author

      Its false marketing. Pls go through the article, Its in-fact 3.82% value back!

      Reply
      1. Rajesh

        Amrit is right, the fuel surcharge is 1%. I have this card (offered when my 10 Year old Gold & More was up for renewal), for a fuel transaction of Rs.2400, the card was charged Rs.2428.32 (surcharge of Rs.24 @ 1% and GST of Rs.4.32 @18% on Rs.24). Surcharge of Rs.24 was credited back and so was the 0.75% GOI cash back of Rs.18. The reward points credited were 312 and that’s equivalent to Rs.78. So, for a Rs.2400 transaction the value back is indeed 4.25%, i.e Rs.102 (Rs.78 worth reward points and Rs.24 as surcharge reversal). If we factor the GOI cashback of 0.75% the value back is 5% for now.So, their marketing isn’t false.

        Reply
        1. Siddharth Post author

          Thanks for sharing your experience on this Rajesh. I just figured out the surcharge has gone down to 1% from 2.5% earlier. Not sure if its same case with all banks.

          That being said, i’ve redone the calculation and updated the article accordingly. I’ve assumed GST is not refunded.

          Reply
  8. Ananthapadmanabha Kurup

    Hello Siddharth, first I’d like to thank you for keeping such an excellent blog. This is where I got my basics of credit cards and started building my creditworthiness. I got this SBI BPCL card last month and have been using this since. It is my second card, with the other one being a 9 months old HDFC Times Titanium card. I got the SBI card seeing the 13X rewards on fuel spends (I am a motorcyclist and spend a lot on fuel), but after reading your article I have decided to upgrade the card to Prime or SimplyCLICK variant as soon as I can.
    I’d like some suggestions on the HDFC side of things as the 25% off on movie tickets isn’t much use to me and the Times Cards are of the lowers value group in the redemption catalog. I would like to change that card to something else in the HDFC range (wanna keep something from HDFC as it is my second oldest line of credit). I mostly spend on fuel, shopping, dining, and hotels (not star hotels as I travel to remote regions more often), but not so much on air tickets and stuff. Does it make sense to look at a Diners Club card? My current limit on the Times Titanium is only 65K and my take home salary is around 40k a month. I expect HDFC to improve the limit as there is a good amount of usage on that account (always paid in full), with around 4 EMIs that were all paid without a single default. DO you think the Diners Club Premium is a good fit? I also have an ICICI Coral Debit card with 2 domestic lounge access every quarter. I’m open to suggestions as to how I should progress with the cards.

    Reply
  9. OP

    You mentioned “I always prefer to use Amex cards at HPCL pumps so i get NO surcharge at all”
    Is there any minimum transaction value requirement for this?

    Reply
    1. Siddharth Post author

      No, there is no min. limit. But there is a max limit, which is good enough though.

      Reply
  10. Biju

    We spend around 7000/ month for petroleum ,is this card worth for me or should I choose other card. Which one would you suggest?

    Reply
  11. Vivek Sharma

    Thanks Siddharth for such a nice review. Could you please explain in case of spending Rs.1000 on Non BPCL Pump how much waiver/ cashback we get.

    Reply
  12. Nikhil Dhavale

    I think this is better than other fuel cards. I maybe wrong. Other cards have precondition that the swipe machine should be of same bank.

    Reply
  13. Ashish Nikhare

    Got another targeted offer. This time from SBI. Says “Use your card no. ending xxxx 6 times for min trxn 1000 from 12 July to 31 Jul 18 and get free Flipkart voucher worth Rs. 1000/-, not valid on cash & fuel.

    Reply
  14. Amit

    Hi,
    The SBI card provides rewards points worth Rs. 0.25 each.
    Can we redeem them as cash into the credit card account?
    Like say we have 5000 points which is Rs. 1250, can this be adjusted into the account?
    I see somewhere that we have to call customer care to do it(no online option and don’t want to use the catalogue items, but actual cashback into account). Does it have any redemption charges in this case? (If I remember correctly, HDFC charges Rs. 99 for each redemption)

    Reply
  15. karan oshan

    Hi,
    Just wanted to update members of this blog –
    I have this card and have been using it for fuel purchases, though the rewards rate for fuel is one of the best in the industry however the rewards cannot be used for fuel redemption.
    I have been to over 10+ BPCL outlets in Mumbai ( all of them mentioned in the dealer list on SBI site) none of them accept this card for redemption of points against fuel. The site also mentions one can redeem points for BPCL fuel voucher however in the points redemption section on site no such voucher is available. Other voucher are available however they give a lower over all return % when compared against fuel. Have raised the same concern with nodal officer, awaiting response

    Reply
    1. Harsh

      Hi Karan
      Even I am facing issue with this card the 3 benefits are namely:_

      1. Surcharge waiver 1% exculding GST
      2. 0.75% Cashback for digital transaction
      3. Reward points

      Out of the 3 things I sometimes do not get credited with all 3 of them or sometimes for two of them.
      Credit of rewards points is also not guaranteed and they only get credited when I mail the customer care.
      It is very difficult to keep track of all the transactions and whether or not there benefits have been credited.
      Very poor experience and greatly disappointed.

      Reply
    2. Amitava

      Hi Karan,

      Did you get a reply from nodal officer on this? Even I am also experiencing the same issue.

      Reply
      1. karan oshan

        Hi Amitava,
        Finally figured out how to redeem for fuel, we need to call customer care and request for BPCL evoucher which cost 1000 points for a INR 250 voucher, you will receive voucher in SMS, which can be used at any BPCL pump, however i usually sell them online for some discount

        Reply
  16. Rajesh

    Hi my monthly fuel spending around 25k…. Can any one suggest me best fuel card…. Right now IAM having Citi Indian oil card , HDFC dinner card and some other cards…

    Reply
    1. Kiran

      If your filling the fuel in IOCL petrol pumps then citi bank Card is good u will get .75% has cash back and reward rate is also good. Also you can redeem the points for filling ur fuel 1point = ₹1.

      Which goes a good value and spending 30K ur annual fees is waived off. So by just using this card for free u get good reward rate.

      Reply
  17. Mrinal T

    the cashback from the Govt has been reduced to 0.25% w.e.f 1st Aug 2018

    Reply
  18. BhavyeG

    Hi Siddharth,
    Please review ICICI HPCL coral AMEX credit card if possible. Other than cashback on fuel they are offering 2 lounge visits per year. Considering such a low annual fee the card is total value for money. Plus what is the way for a reader to get a review published? I wish to review few of my credit cards which are not reviewed here.

    Reply
  19. anirag

    BPCL SBI CARD is useless.Cardholder has to call customer care service to get 13x rewards for every transaction or send mail for each transaction.Same for the cash back also. I give 0 star in 1-5 star RATINGS.I struggle for rewards and cash back.

    Reply

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