Abhishek012
TF Pioneer
SBI Octane RuPay JCB Select Credit Card launched | 6.25% on fuel:
The monthly transaction value to hit the max cap of accelerated fuel rewards would be Rs 10,000. This should be more than enough for most people. We can also spend on other categories like Departmental Stores and Grocery to reach the annual fee waiver. The 2.5% value back on these is also pretty good.
Official source:
| Joining Fee | Rs 1499+GST |
| Welcome Gift | 6000 Reward Points ~Rs 1500 Value |
| Annual Fee | Rs 1499+GST |
| Renewal Benefit | None |
| Annual Fee Waiver | On spends of Rs 2 Lakh in a year |
Rewards
The BPCL SBI credit card OCTANE has a 6.25% reward rate for all BPCL spends including Bharat Gas spends. Other than this, it also gives good rewards for Dining, Departmental Stores, Grocery & Movies category spends. This makes it easy to achieve the required spends for an annual fee waiver.| TYPE OF SPEND | REWARD POINTS | RETURN |
|---|---|---|
| BPCL Fuel, Lubricants & Bharat Gas Spends | 25 RP per Rs 100 *Maximum 2500 RP per billing cycle * Rs 4000 Max transaction value for rewards * 1% fuel surcharge waiver | 6.25% |
| Dining, Departmental Stores, Grocery & Movies | 10 RP per Rs 100 *Maximum 7500 RP per month | 2.5% |
| Other spends (Except Non-BPCL Fuel and Wallets) | 1 reward point per Rs 100 | 0.25% |
The monthly transaction value to hit the max cap of accelerated fuel rewards would be Rs 10,000. This should be more than enough for most people. We can also spend on other categories like Departmental Stores and Grocery to reach the annual fee waiver. The 2.5% value back on these is also pretty good.
Milestone Rewards
Spend Rs 2 Lakhs to get the annual fee waiver and get maximum rewards on fuel transactions.- Rs 2000 gift voucher on Rs 3 Lakhs spend in a membership year (0.67% Return)
- Gift voucher options: Aditya Birla Fashion, Yatra, Urban Ladder, Hush Puppies, and Bata
BPCL SBI Credit Card OCTANE Rewards Redemption
Each reward point for BPCL SBI credit card OCTANE is worth 25p. We can redeem the reward points for either fuel or from the reward catalogue. Fuel redemption makes more sense as it is instant redemption at the listed outlets.- PoS redemption is supported at outlets listed here.
- E-Voucher redemption is supported at outlets listed here.
Complimentary Airport Lounge Access
- Domestic Airport Lounge Access: 4 complimentary visits per year
- International Airport Lounge Access: Not Available
Key Benefits and Charges
- Fuel Surcharge Waiver: 1% waiver on fuel transactions up to Rs 4000. Maximum surcharge waiver of Rs 100 in a statement cycle.
- Rent Payment Charges: Rs 199+GST for each transaction
- Foreign Currency Markup: Dnt know yet for SBI Card RuPay JCB Variant.
- Interest Rate: 3.5% per month or 42% annually
Official source:
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