BPCL SBI Card
The BPCL SBI Card is a ₹499 fuel co-brand built around Bharat Petroleum: 4.25% value back at BPCL pumps — 13X Reward Points (3.25%) plus a 1% fuel surcharge waiver, on transactions up to ₹4,000, with the point portion capped at 1,300 per billing cycle. It adds 5 Reward Points per ₹100 (~1.25%) on dining, departmental stores, grocery and movies (combined 5,000-point monthly cap) and 1 point per ₹100 (~0.25%) on other retail. Points are worth ₹0.25 each (4 points = ₹1), redeemable against BPCL fuel, instantly at select pumps, or in the Shop n Smile catalogue. A 2,000-point (~₹500) welcome gift covers the first-year fee, and from 1 May 2026 the ₹499 renewal fee is reversed on ₹1 lakh of annual spend.
Key features
What this card is built to do — the highlights that actually matter.
Welcome Benefit
~₹500 in vouchers, points or cashback on card activation
3.25% on Fuel
4.25% value back at BPCL pumps — 13X Reward Points (3.25%) plus 1% fuel surcharge waiver, on transactions up to ₹4,000. Points capped at 1,300/billing cycle.
1.25% on Dining
5 Reward Points per ₹100 (~1.25%) on dining, departmental stores, grocery and movies, capped at 5,000 points a month CUMULATIVELY across all four, then 1 point per ₹100. We apply the cap per row, so a spender who maxes both dining and grocery is credited a little high.
Annual Fee Waiver
Fee of ₹499 + 18% GST (₹589 all-in)/yr fully waived when you spend ₹1,00,000/year
Fuel Surcharge Waiver
1% waiver on fuel transactions, capped at ₹100/month
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Fuel | reward points | 3.25% | ₹325 |
| Dining | reward points | 1.25% | ₹1,250 |
| Groceries | reward points | 1.25% | ₹1,250 |
| Other | reward points | 0.25% | — |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹589 |
| Joining fee (incl. 18% GST) | ₹589 |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1%, cap ₹100 |
Perks & benefits
Estimated annual value beyond rewards — ~₹1,200/yr in total.
fuel waiver ~ ₹1,200 /yr
1% fuel surcharge waiver on every BPCL transaction up to ₹4,000; maximum ₹100 per statement cycle (~₹1,200/year).
Should you get it?
Best for: Regular BPCL fuel customers, Commuters with steady monthly fuel spend, Users who also spend on dining, groceries and movies, First-time cardholders wanting a low-fee fuel card
Mid tier — a solid all-rounder for steady monthly spend.
Strongest value if you spend heavily on Fuel ( 3.25% back).
✓ Pros
- 4.25% value back on BPCL fuel — 13X Reward Points plus the 1% surcharge waiver
- 5X Reward Points (~1.25%) on dining, departmental stores, grocery and movies
- Low ₹499 fee, reversed at ₹1 lakh annual spend (from 1 May 2026)
- 2,000-point (~₹500) welcome gift roughly covers the first-year fee
✕ Cons
- Fuel value is BPCL-only — no benefit at other petrol pumps
- Points are worth just ₹0.25 each (4 points = ₹1)
- BPCL fuel reward capped at 1,300 points per cycle (~₹325 value)
- Only 0.25% on general spends outside the bonus categories
Eligibility & documents
Min. income
₹25,000 /mo
Employment
Salaried · Self-employed
Documents required
- PAN card
- Aadhaar / address proof
- Income proof (salary slips or ITR)
- Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
🎁 Instant redemption of Reward Points at select BPCL petrol pumps
🎁 Redeem against fuel purchases at BPCL outlets
🎁 Redeem in the Shop n Smile rewards catalogue
What your SBI Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Statement credit BEST Capped at 60,000 pts/month from Apr 2026
Rewards catalogue / vouchers BEST Vouchers & merchandise
The concern The fuel value is BPCL-only with no benefit at other pumps, points are worth just ₹0.25 each, and general spends earn only 0.25%.
The bottom line
This is a reasonably priced starter fuel card for Bharat Petroleum regulars — 4.25% back on BPCL fuel, a welcome bonus that effectively covers the fee, and a handful of useful bonus categories. The trade-off to keep in mind is that the value is tied specifically to BPCL and each point is worth only ₹0.25. Best treated as a dedicated fuel card rather than a primary everyday one.
Sources & verification
Fees, reward rates, and benefits for the BPCL SBI Card are taken from SBI Card 's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page . Last verified 15 Aug 2026 . Reviewed by Devchandra Sah . Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for SBI Card . All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2017 · 2 changes · last change May 2026
▲ Revaluation ▼ Devaluation ◆ Neutral / reversed
2026 1 change — 1 cut
▼ Fee Observed 29 Mar 2026 · Effective 1 May 2026
Fee-waiver spend threshold doubled
₹50,000 annual spend → ₹1,00,000 annual spend
SBI Card raised the spend needed to reverse the ₹499 renewal fee from ₹50,000 to ₹1,00,000 a year, effective 1 May 2026 (notified 29 March 2026). The fee itself is unchanged, but low-to-moderate users now have to spend twice as much to earn the waiver.
Verification: SBI Card ↗ · Confidence: High
2017 1 change — 1 neutral
◆ Launch Effective 22 Dec 2017
BPCL SBI Card launched
SBI Card and Bharat Petroleum launched the ₹499 BPCL co-brand as 'the most rewarding fuel card in the country' — up to 4.25% value back at BPCL pumps (13X Reward Points), 5X points on groceries, dining, movies and utilities, and a 2,000-point (~₹500) joining gift. Annual fee reversed on ₹50,000 of yearly spend at launch.
Verification: CardAdvisor Research · Confidence: Reconstructed
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
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Source: BPCL SBI Card value timeline — CardAdvisor
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Source: BPCL SBI Card value timeline , CardAdvisor (CC BY 4.0).
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Quick summary
Type Mid credit card
Reward rate 0.25%–3.25%
Best for Regular BPCL fuel customers
Joining fee ₹499
Annual fee ₹499
Reviewed by
Devchandra Sah · Cards tested, miles earned, trips booked — for over a decade
Last verified 15 Aug 2026
How we research →
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Card data study 2026
280 cards analysed — August 2026
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