India’s largest pure-play credit card issuer, SBI Card and the second-largest petroleum company in India, Bharat Petroleum Corporation Ltd (BPCL) announced the launch of the BPCL SBI Card OCTANE. This move aims to provide maximum savings to the well-heeled consumer segment which expend a major amount on fuel.
The company stated that the BPCL SBI Card OCTANE customers can enjoy savings on fuel and lubricants at 17,000+ Bharat Petroleum fuel stations from BPCL’s extensive network across the country. The customers can save in every transaction as there will be no minimum transaction threshold for fuel spends. Altogether there will be a Pure for Sure experience at BPCL fuel stations.
There will be 25X Reward Points (RPs) on spends for BPCL fuel and MAK Lubricants, Bharatgas (LPG) spends and BPCL’s In & Out convenience store spends from the BPCL SBI Card OCTANE. The card provides e-gift vouchers worth Rs2,000 on annual spends of Rs3,00,000. The card also offers a complimentary fraud liability cover of Rs1,00,000. The card provides 6,000 bonus points worth Rs1,500 on payment of joining fee thus it brings value from the point of enrolment itself.
The Chairman & Managing Director, Bharat Petroleum Corporation Ltd, K Padmakar expressed that BPCL SBI Card Octane offers best in the category benefits to the customers of Bharat Petroleum on purchase of fuel and lubricants. The facility will be available across 1,7000+ Retail Outlets and on online Bharatgas LPG payments. The partnership with SBJ Card aims to provide consistent value to the customers through innovative products and offerings. The partnership is a contribution from Bharat Petroleum Corporation Ltd towards a digitally empowered society.
The card addresses combine best in class rewards points on fuel spends with value back on various regular spends categories, thus addressing the overall spending needs of cardholders. The cardholders can enjoy exclusive benefits such as complimentary domestic airport lounge access. The card will address the various needs such as Grocery & Departmental Store Spends, Movies and lOX RP on Dining. The card was launched Visa Signature platform. The annual membership fee was INR 1,499/-.