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SBI Octane RuPay JCB Select Credit Card launched | 6.25% Reward on fuel

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Finance Mentor
abhishek012

https://www.sbicard.com/en/personal/credit-card...

SBI Octane RuPay JCB Select Credit Card launched | 6.25% on fuel:

sbioctane

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%
BPCL SBI Credit Card OCTANE Review: Rewards

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
  • 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

    sbioctanejcbcard

    Official source: https://www.sbicard.com/sbi-card-en/assets/docs...

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    Disclaimer
    We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.

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    Top Comments
    Deal Captain Deal Captain
    Link Copied

    Looks like a waste if one has no need of it for fuel. If someone using it for fuel then it will be a good news having it in rupay, they can get 0.25% on UPI transactions

    Finance Mentor Finance Mentor
    Link Copied
    Everyone will apply this card for fuel, this is fuel card. So everyone will apply this card for fuel.

    Anyone who doesn't want fuel, will not apply, this is common sense.
    28 Comments  |  
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    Deal Newbie Deal Newbie
    Link Copied

    Any way to convert visa varient to rupay?

    Finance Mentor Finance Mentor
    Link Copied
    Yes, Call customer care or drop e-mail.
    Deal Newbie Deal Newbie
    Link Copied

    How to apply?

    Deal Captain Deal Captain
    Link Copied

    Looks like a waste if one has no need of it for fuel. If someone using it for fuel then it will be a good news having it in rupay, they can get 0.25% on UPI transactions

    Finance Mentor Finance Mentor
    Link Copied
    Everyone will apply this card for fuel, this is fuel card. So everyone will apply this card for fuel.

    Anyone who doesn't want fuel, will not apply, this is common sense.
    View 4 more replies
    Helpful Helpful
    Link Copied

    will it reset spents on the card if I switch from visa to rupay and where is the list of lounges? Any other downside?

    Deal Cadet Deal Cadet
    Link Copied
    Yes, spends on VISA won't be applied on RuPay.
    I have 20k limit BPCL card. will check if they can increase limit and upgrade.
    Deal Hunter Deal Hunter
    Link Copied

    Vu.

    Deal Cadet Deal Cadet
    Link Copied

    Is it me or the link is taking to Visa Signature and not Rupay?

    Finance Mentor Finance Mentor
    Link Copied
    There is no option to apply RuPay variant online yet.
    View 3 more replies
    Trailblazer Trailblazer
    Link Copied

    Is this the highest cashback giving card for fuel or is there any other card which gives more than 6.25%?

    Deal Cadet Deal Cadet
    Link Copied

    2 questions-

    (1) Is the discount valid on franchise stores also? The BPCL outlet opposite my home comes as their shop name in transactions (for example I did not get the CRED BPCL cashback)

    (2) Can we double dip using UPI - 0.25% for upi transactions and 6.25 card cashback?

    Deal Newbie Deal Newbie
    Link Copied

    How is this card in comparison to tata neu infinity?

    Looking for rupay variant only.

    Purpose - Upi small vendor transactions, using limited tata apps like 1mg, bigbasket and tata play max 3000-4000 per month in total, BPCL  pump in vicinity with expenses 5000-8000.

    Both cards will be paid. Tata neu will be first year free.

    Deal Captain Deal Captain
    Link Copied
    Do All BPCL pumps reward this card, I thought there was a list of bunks that reward. Do a bit of homework and if it works at your area/ or all areas, it's a decent card.
    Deal Cadet Deal Cadet
    Link Copied

    Kisi ka card network convert huaa kya ? Mera to SBI ne mna kar diya , bole RBI ne SBI per network change krne ki rok lga rkhi hai

    Finance Mentor Finance Mentor
    Link Copied

    Here is SBI BPCL Octane RuPay JCB Credit Card physical card pic (Converted Visa to RuPay) -

    How to convert ?

    SBI now start accepting Card network conversion through Call, many users already conversion to SBI BPCL Octane RuPay JCB Credit Card.

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    @Kanasu

    Deal Captain Deal Captain
    Link Copied
    Have BPCL rupay platinum, took it for low waiver of 50K
    View 3 more replies
    Helpful Helpful
    Link Copied

    Thank you for the post and helping me during the process @abhishek012  .

    Got the Rupay select card delivered today.

    replyuser
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