M16S / State Bank of India (SBI Card) / BPCL SBI Card
entry · cobrand, fuel
BPCL SBI Card
The BPCL SBI Card costs Rs 499 a year, waived if you spend Rs 1,00,000 in a year. Its base return is 0.25% (1 RP per Rs 100 on other retail purchases). The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's documents and an aggregator on 12 Oct 2026.
- Annual fee
- Rs 499+ GST
- Fee waived at
- Rs 1,00,000annual spend
- Base return
- 0.25%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
What changed on this card
- SBI Card adds 1% fee on big fuel and transport spends from 1 Dec 2026
From 1 December 2026, SBI Card charges 1% on fuel spends above Rs 50,000 in a billing cycle and on any single transport transaction above Rs 30,000.
- SBI Card to add 1% fee on transport above Rs 30,000, Dec 2026
From 1 Dec 2026 SBI Card charges 1% of the transaction amount on every transportation transaction above Rs 30,000 (MCCs 4111, 4784, 4131). Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card to add 1% fuel fee above Rs 50,000 a cycle, Dec 2026
From 1 Dec 2026, if fuel transactions in a billing cycle exceed Rs 50,000, SBI Card charges 1% on the total fuel spends. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card limits statement credit to multiples of 4,000 points, Apr 2026
From 1 Apr 2026 Reward Points for Statement Credit can be redeemed only in multiples of 4,000 Points, on all eligible cards except the two PhonePe cards. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card caps statement credit redemption at 60,000 points, Apr 2026
From 1 Apr 2026 redemption of Reward Points for Statement Credit is capped at 60,000 Points per month on all eligible cards except Air India SBI Signature and the two PhonePe cards. Source: SBI Card, sbicard.com, read 28 Oct 2026
- BPCL SBI Card raises annual fee waiver spend to Rs 1 lakh from May 2026
The Rs 499 annual fee is reversed at annual spends of Rs 1 lakh, up from Rs 50,000. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card revises late payment charges from May 2026
From 1 May 2026 no charge applies up to Rs 100 due (was up to Rs 500). Rs 100 applies above Rs 100 up to Rs 500, and Rs 500 above Rs 500 up to Rs 1,000 (was Rs 400). Higher slabs are unchanged. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card adds 1% fee on wallet loads above Rs 1,000, Nov 2025
From 1 Nov 2025 SBI Card charges 1% of the transaction amount on every wallet load transaction above Rs 1,000. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card adds 1% fee on education payments via apps, Nov 2025
From 1 Nov 2025 a 1% fee applies to education payments made through third-party apps. Payments made directly to colleges or schools through their websites or POS machines carry no fee. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card adds Rs 200 cheque processing fee from Sep 2025
From 15 Sep 2025 a Cheque Processing Fee of Rs 200 applies to outstanding payments made by cheque. Payments by UPI, BBPS and NEFT stay free of extra charges. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card adds 1% fee on utility payments above Rs 50,000, Dec 2024
From 1 Dec 2024, if utility payments in a billing cycle add up to more than Rs 50,000, SBI Card charges a 1% fee on the total utility amount. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card raises finance charge to 3.75% a month from Nov 2024
From 1 Nov 2024 the rate of Finance Charges is 3.75% p.m. on all unsecured SBI credit cards, except Shaurya and Defense cards. Source: SBI Card, sbicard.com, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Rs 499 |
|---|---|
| Annual fee | Rs 499 |
| Annual spend that waives the fee | Rs 1,00,000 |
| Fee notes | Joining fee Rs 499, renewal Rs 499 from second year; from 1 May 2026 the fee is reversed on Rs 1 lakh annual spend (raised from Rs 50,000). Add-on card free. |
Rewards
| Welcome benefit | 2,000 bonus RP (worth Rs 500), credited within 20 days of joining-fee payment |
|---|---|
| Reward currency | Reward Points |
| Base earn | 1 RP per Rs 100 on other retail purchases |
| Base return | 0.25% |
| Point value | 4 RP = Re 1 (Rs 0.25 per RP); redeem against fuel at BPCL outlets or the Shop n Smile catalogue |
| Accelerated earn | 13X RP on fuel at BPCL petrol pumps = 3.25% value back, 4.25% with the surcharge waiver; 5 RP per Rs 100 on dining, departmental stores, grocery and movies |
| Caps | BPCL fuel 1,300 RP per billing cycle; dining/departmental/grocery/movies 5,000 RP per month |
| Spends that earn nothing | Mobile wallet upload and non-BPCL fuel spends |
| Points expiry | 24 months |
| Reward notes | base_return_pct = 1 RP per Rs 100 x Rs 0.25 (4 RP = Re 1), both stated on the issuer page. The fuel cap of 1,300 RP means the 3.25% applies to about Rs 10,000 of BPCL fuel a cycle. Reward redemption fee Rs 99 + GST on physical products, statement credit and physical vouchers (MITC). From 1 Apr 2026 statement-credit redemption is capped at 60,000 points a month and allowed only in multiples of 4,000 points (issuer notice). Points on Flexipay/merchant EMI are reversed; wallet loads (MCC 6540/6541) earn nothing; points on spends that got an instant discount/cashback offer are forfeited. |
Travel and perks
| Domestic loungeunverified | None |
|---|---|
| International loungeunverified | None |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% at BPCL petrol pumps (card swiped at POS), on txns up to Rs 4,000, cap Rs 100 per statement cycle |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | On outstanding amount due: Nil up to Rs 100; Rs 100 (>100-500); Rs 500 (>500-1,000); Rs 750 (>1,000-10,000); Rs 950 (>10,000-25,000); Rs 1,100 (>25,000-50,000); Rs 1,300 (>50,000); plus Rs 100 if minimum due missed two cycles running (slabs as revised 1 May 2026) |
| Cash advance fee | 2.5% of amount, min Rs 500; ATM limit Rs 15,000/day; interest from day one |
| Fine-print notes | Issuer product page read 2026-10-12 (rendered text); fields not listed in unverified_fields are from it or from the issuer MITC/KFS/notices already cited. Conflict: networks was ['RuPay'] (Card Insider); the page says the card works at 'any outlet that accepts Visa or MasterCard' and does not mention RuPay, so Visa and Mastercard are recorded (a RuPay variant is not confirmed by the issuer page). reward_exclusions was 'UPI fuel payments at BPCL, wallet loads, rent (from 1 Jul 2023), cash, EMI, non-BPCL fuel' (Card Insider); the page names only mobile wallet upload and non-BPCL fuel. The earlier 'none on UPI fuel payments' rider on the surcharge waiver is not on the page; the page says the waiver applies only on swiping the card at POS machines. The Rs 1 lakh fee-reversal threshold from 1 May 2026 is confirmed by the page. 'No lounge' entries remain the aggregator's (page silent). Issuer-wide (MITC): rent payments carry Rs 199 fee; utility bills totalling over Rs 50,000 in a cycle carry 1% fee; wallet loads over Rs 1,000 carry 1% fee; education payments via third-party apps carry 1% fee; forex markup is not reversed on refunds; fees shown exclude 18% GST. |
Questions
- What is the annual fee of the BPCL SBI Card?
- Rs 499 a year, before GST. It is waived if you spend Rs 1,00,000 in a year.
- Does the BPCL SBI Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the BPCL SBI Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the BPCL SBI Card?
- Mobile wallet upload and non-BPCL fuel spends