SBI BPCL Credit Card is a co-branded fuel card that charges an annual and joining fee of Rs 499 plus GST and provides a cash-back offer of 4.25 percent in the form of 13X rewards points and 1 percent fuel surcharge waiver at BPCL outlets. From 1 May 2026 onwards, the annual fee of this card will be waived off if a minimum annual spending of Rs 1 lakh is done by the card holder, which is twice the previous amount of Rs 50,000.
What Changed on 1 May 2026 in SBI BPCL Credit Card
Start here, because a lot of pages still carry the old figures. SBI confirmed both of these in its own customer notices.
| Change | Before | Now |
|---|---|---|
| Annual fee waiver spend | Rs 50,000 a year | Rs 1 lakh a year, doubled |
| Late fee, dues Rs 100 to Rs 500 | Nil | Rs 100 |
| Late fee, dues Rs 500 to Rs 1,000 | Rs 400 | Rs 500 |
Change in the waiver in annual fee is what actually hurts you. If you were treating this as a secondary card just for fuelling and spending approximately Rs 50,000 per annum, you now have to bear the Rs 499 annual fee unless you double your spending. The change in late payment fees is also important as any balance due, which used to be free, now attracts a late fee. All other charges for balances exceeding Rs 1,000 stay the same.
Features at a Glance:
| Feature | Detail |
|---|---|
| Card type | Co-branded fuel credit card, SBI Card and BPCL |
| Networks | Visa, Mastercard and RuPay |
| Joining fee | Rs 499 plus GST |
| Annual fee | Rs 499 plus GST, waived on Rs 1 lakh annual spend |
| Welcome benefit | 2,000 activation bonus points worth Rs 500 |
| Fuel rewards | 13 points per Rs 100 at BPCL, capped at 1,300 points a cycle |
| Accelerated rewards | 5 points per Rs 100 on grocery, departmental stores, dining, movies |
| Base rewards | 1 point per Rs 100 on other retail spends |
| Point value | 1 point = Rs 0.25 |
| Fuel surcharge waiver | 1 percent on fuel up to Rs 4,000, capped at Rs 100 a cycle |
| Total value back on fuel | 4.25 percent at BPCL pumps |
| Lounge access | None |
| Age eligibility | 21 to 70 years |
How the 4.25 Percent Value Back Works:
The headline number gets quoted everywhere but rarely explained. It is two separate benefits stacked together.
| Component | Rate | How |
|---|---|---|
| Reward points on BPCL fuel | 3.25 percent | 13 points per Rs 100, each point worth Rs 0.25 |
| Fuel surcharge waiver | 1 percent | On fuel transactions up to Rs 4,000 |
| Combined value back | 4.25 percent | Only at BPCL pumps |
A worked example. Spend Rs 5,000 on fuel at a BPCL pump and you earn 650 reward points, worth Rs 162.50, plus a surcharge waiver of about Rs 50. That is roughly Rs 212 back on Rs 5,000, which is the 4.25 percent in practice.
Reward Rates and the Caps That Matter:
| Spend category | Points per Rs 100 | Monthly cap |
|---|---|---|
| Fuel at BPCL pumps | 13 points | 1,300 points |
| Grocery, departmental stores, dining, movies | 5 points | 5,000 points |
| Other retail spends | 1 point | No cap |
| Rent, wallet load, cash, EMI, balance transfer | No points | Not applicable |
Cap on the fuel point usage of 1,300 points per billing cycle is the one to take into consideration. This means 10,000 rupees worth of BPCL fuel per month after which fuel expenditures earn base points. For most car owners, this would suffice, but for the heavy ones, this would mean hitting the cap. Points cap on 5X categories is set at 5,000 points per month. Also remember that since 1st of July, 2023, no points are awarded for rental payments.
The UPI Catch on the RuPay Variant:
The second one involves money, although it remains silent in all discussions about the card. You swipe your RuPay fuel card and pay for fuel using the UPI, then there will be no rewards for that fuel and also there will not be any fuel surcharge waiver on that fuel. The whole purpose of this card becomes invalid when you use UPI payment on it because the card itself was meant for the purpose of getting the fuel benefit. Therefore, swiping or tapping of the card at the fuel pump needs to be done.
A Silent Feature for Two Wheelers Owners:
All other fuel cards provide the surcharge waiver only on transactions above a certain minimum amount of money, which may be Rs 400 or Rs 500. However, this card provides the waiver of surcharge on every transaction regardless of the minimum amount, meaning that even Rs 200 worth of transaction is eligible for the waiver. Hence, this feature makes this card particularly favorable for two-wheelers owners.
Redemption, and Where This Card Is Simple:
| Redemption route | Detail |
|---|---|
| Free fuel at BPCL outlets | Instant redemption at over 1,200 outlets, no minimum points needed |
| BPCL fuel vouchers | Valid for 6 months from issue, partial redemption not allowed |
| Shop n Smile catalogue | Products, vouchers and lifestyle items |
| Statement credit | Allowed, but subject to the April 2026 limits below |
| Redemption fee | Rs 99 plus GST per redemption request |
| Point validity | 24 months from the date earned |
Redeeming at the pump is the best route and it is refreshingly easy: tell the attendant you want to redeem points and swipe the card. There is no minimum points threshold, which is rare.
The April 2026 Redemption Limits:
Separate from the May changes, SBI tightened statement credit redemption from 1 April 2026, and it applies to this card.
- Statement credit redemption is capped at 60,000 points per card per calendar month.
- Statement credit redemption is allowed only in multiples of 4,000 points, so a balance under 4,000 points cannot be cashed out.
- This does not affect redeeming for fuel at BPCL pumps, which remains the better route anyway.
Fees and Charges: SBI BPCL Credit Card
| Charge | Amount |
|---|---|
| Joining fee | Rs 499 plus GST |
| Annual fee | Rs 499 plus GST, waived on Rs 1 lakh annual spend |
| Reward redemption fee | Rs 99 plus GST per request |
| Late fee, dues Rs 100 to Rs 500 | Rs 100 |
| Late fee, dues Rs 500 to Rs 1,000 | Rs 500 |
| Add on card | Complimentary |
| Fraud liability cover | Rs 1 lakh |
Is the Fee Waiver Still Worth Chasing
Think the math through before deciding on the increased spends. The cost works out to Rs 499 plus GST, which translates to Rs 589 roughly. Spending an additional Rs 50,000 in order to save Rs 589 when the total expenditure is being doubled from Rs 50,000 to Rs 1 lakh is logical if the extra Rs 50,000 was anyways supposed to be spent on some other card. However, if it is the fuel and grocery expenses that would have been done otherwise, then it makes sense to do them using this card.
BPCL SBI Card vs BPCL SBI Card OCTANE:
If your fuel spending is heavy, the OCTANE variant may earn its higher fee. Here is the split.
| Feature | BPCL SBI Card | BPCL SBI OCTANE |
|---|---|---|
| Annual fee | Rs 499 | Rs 1,499 |
| Value back on BPCL fuel | 4.25 percent | 7.25 percent |
| Fuel reward rate | 13 points per Rs 100 | 25 points per Rs 100 |
| Fuel points cap | 1,300 a cycle | 2,500 a month |
| Grocery, dining, movies | 5 points, 5,000 cap | 10 points, 7,500 cap |
| Welcome bonus | 2,000 points, Rs 500 | 6,000 points, Rs 1,500 |
| Lounge access | None | 4 domestic visits a year |
| Fee waiver spend | Rs 1 lakh | Rs 2 lakh |
The rough rule: if you spend more than about Rs 8,000 to Rs 10,000 a month on BPCL fuel, OCTANE’s extra 3 percent value back covers its extra Rs 1,000 fee. Below that, the cheaper card is the better buy.
How It Compares With Other Fuel Cards:
| Feature | BPCL SBI | IOC HDFC | IOC Axis | HPCL ICICI |
|---|---|---|---|---|
| Annual fee | Rs 499 | Rs 500 | Rs 500 | Rs 500 |
| Fuel value back | 4.25 pct | About 5 pct | About 4 pct | About 4 pct |
| Tied to | BPCL | IndianOil | IndianOil | HPCL |
| Surcharge minimum | None | Applies | Applies | Applies |
| Fee waiver | Rs 1 lakh | Varies | Varies | Varies |
| Lounge access | None | None | None | None |
The honest read is that fuel cards live or die on which pump you actually use. There is no point holding this card if your nearest pump is IndianOil. Pick the card that matches the brand you fill up at, then compare the fine print.
Pros and Cons: SBI BPCL Credit Card
| Pros | Cons |
|---|---|
| 4.25 percent value back on BPCL fuel, strong for a Rs 499 card | Fee waiver doubled to Rs 1 lakh from 1 May 2026 |
| No minimum transaction for the surcharge waiver, ideal for two wheelers | Fuel points capped at 1,300 a cycle, about Rs 10,000 of fuel |
| Instant redemption at BPCL pumps with no minimum points | Only useful if you actually refuel at BPCL |
| 5X on grocery, dining, departmental stores and movies | Base rate of just 0.25 percent on other spends |
| Welcome bonus of 2,000 points worth Rs 500 covers most of the fee | No lounge access and no travel benefits |
| Low fee and easy redemption make it a simple second card | No points or surcharge waiver on fuel paid by UPI on RuPay |
Who Should Get This Card:
- Anyone who regularly refuels at BPCL pumps and can now cross Rs 1 lakh of annual spend.
- Two wheeler riders, since the surcharge waiver has no minimum transaction threshold.
- People who want a cheap, simple second card purely to cover fuel, groceries and dining.
- Anyone who values redeeming points as free fuel at the pump rather than juggling reward catalogues.
It is a poor fit if you fill up at IndianOil or HP, if you want lounge access or travel rewards, or if your annual spend sits well below Rs 1 lakh, since the fee is no longer easily waived.
Our Rating Out of Five:
Weighing the strong 4.25 percent fuel value back, low fee and easy redemption against the doubled fee waiver, the fuel points cap, and a weak base rate, this card earns 3.5 out of 5. Still one of the best fuel cards in India, but less friendly to light spenders than it was.
| Category | Score | Note |
|---|---|---|
| Fuel value | 4.5 / 5 | 4.25 percent is excellent at Rs 499 |
| Everyday rewards | 3 / 5 | 5X is useful, base 0.25 percent is weak |
| Redemption | 4.5 / 5 | Instant at the pump, no minimum points |
| Fees and waiver | 2.5 / 5 | Waiver doubled to Rs 1 lakh |
| Overall | 3.5 / 5 | Best for BPCL loyalists who spend Rs 1 lakh plus |
Final Take: Still Good, but Check Your Annual Spend First:
The core logic has remained intact. With a Rs 499 card, 4.25 percent cash back in fuel, no minimum spend required for the surcharge waiver and therefore maximum benefits for twowheelers and redemption as fuel itself at the time of fuelling is as simple as it gets. The numbers have just got different for light spenders.
Given that the waiver now requires Rs 1 lakh annually rather than Rs 50,000, the SBI BPCL Credit Card remains effectively a free card only when real spend is being routed through it. For those of you who refuel at BPCL and have spend close to Rs 1 lakh, we recommend that you take it and make use of the pump redemption facility. For light spenders, either pay up Rs 589 as the cost of an excellent fuel rate, or opt for a fuel card based on the actual pump where you refuel.
Frequently Asked Questions: SBI BPCL Credit Card
What is the annual fee waiver on the BPCL SBI Credit Card in 2026?
The Rs 499 annual fee is reversed only if you spend Rs 1 lakh or more in the card year. This changed with effect from 1 May 2026, doubled from the earlier Rs 50,000 threshold. Many websites still show the old Rs 50,000 figure.
How much value back do you actually get on fuel?
You get 4.25 percent at BPCL pumps. That is 3.25 percent from 13 reward points per Rs 100, since each point is worth Rs 0.25, plus 1 percent from the fuel surcharge waiver. Fuel points are capped at 1,300 per billing cycle, which is about Rs 10,000 of fuel a month.
Do I earn points if I pay for fuel using UPI?
No. On the RuPay variant, fuel paid through UPI at BPCL pumps earns no reward points and gets no fuel surcharge waiver. Swipe or tap the card at the pump instead of scanning a UPI code, or you lose the card’s main benefit.
Is there a minimum fuel transaction for the surcharge waiver?
No, and this is a real advantage. Most fuel cards require a minimum transaction of around Rs 400 or Rs 500 for the waiver. This card has no minimum, so even a small Rs 200 fill up qualifies, which suits two wheeler riders.
How do I redeem BPCL SBI reward points?
The simplest route is at the pump. Visit any of the 1,200 plus enabled BPCL outlets, tell the attendant you want to redeem points, and swipe the card. There is no minimum points threshold. You can also redeem for BPCL fuel vouchers, which are valid for six months, or through the Shop n Smile catalogue. A redemption fee of Rs 99 plus GST applies per request.
Should I get the BPCL SBI Card or the OCTANE version?
OCTANE costs Rs 1,499 against Rs 499 and gives 7.25 percent value back on BPCL fuel plus four domestic lounge visits, but needs Rs 2 lakh of spend for its fee waiver. As a rough rule, if you spend more than about Rs 8,000 to Rs 10,000 a month on BPCL fuel, OCTANE is worth the extra fee. Below that, the cheaper card wins.
Does the card earn points on rent payments?
No. Reward point accrual on rent payment transactions was discontinued on this card with effect from 1 July 2023.
Do BPCL SBI reward points expire?
Yes. SBI reward points expire 24 months from the date they were earned. Since redemption at the pump has no minimum threshold, there is little reason to hoard them.
Read More Reviews of SBI Credit Card & Travel Card At CCUses.com