SBI Card: Worried about rising fuel cost, grocery, convenience store bills? This card offers bumper savings; CHECK this out!

Amid rising prices, are you spending a significant amount of your income on fuel? SBI Card’s latest offering claims to address this concern. India’s largest pure play credit card issuer has joined hands with Bharat Petroleum Corporation Ltd to launch BPCL SBI Card OCTANE. See what the card claims to offer!

What BPCL SBI Card OCTANE claims to offer: 

The BPCL SBI Card OCTANE brings 25X Reward Points (RPs) on spends for BPCL fuel and MAK Lubricants, Bharatgas (LPG) spends (Website and app only) and BPCL’s In & Out convenience store spends. This translates to a 7.25 per cent value back (including 1 per cent surcharge waiver) on fuel and lubricant spends at BPCL fuel stations. 

“The card has been designed to offer maximum savings to the well-heeled consumer segment which spends a significant amount on fuel,” a media release by SBI Card said. 

With this card, the consumers also benefit from a 6.25 per cent value back on Bharatgas spends (Website and App only). The card holders will also gain from savings made on other regular spending categories which includes products purchased from departmental tore and grocery items, dining and movies, the release said.  

BPCL SBI Card OCTANE will provide 10X RP on dining, movies, grocery and departmental store spends, the release said.  

The card is also offering milestone benefits worth Rs 2000 on annual spends of Rs 300,000, in the form of e-gift vouchers. The card also comes with a complimentary fraud liability cover of INR 100,000. 

BPCL has an extensive network of over 17,000 BPCL fuel stations, across the country. There will be no minimum transaction threshold for fuel spends, helping customers to save with every transaction.  

“Launch of this BPCL SBI Card OCTANE bolsters partnership of SBI Card with BPCL. The card will bring consumers the highest savings proposition on fuel in the industry, thus making it a preferred choice in the segment,” SBI Chairman Dinesh Khara said. 

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“Our partnership with SBI Card ensures that we continuously endeavor to provide value to our customers through innovative products and offerings,” K. Padmakar, Chairman and Managing Director at BPCL said.