The card will provide rewarding fuel savings and other benefits to the customers, it said.
The card will offer 13X reward points on every Rs 100 spent on fuel purchases at BPCL petrol pumps and 1 per cent fuel surcharge waiver on every transaction up to Rs 4,000, which will be 4.25 per cent value back.
Cardholders will also get instant savings on other categories of spending, including groceries, department stores, dining and movies.
They will get 5X reward points for every Rs 100 spent on groceries, department stores, movies and dining. In addition, customers can earn 2,000 activation bonus reward points worth Rs 500 on payment of the joining fee.
PS Ravi, Executive Director (Retail), BPCL said, “The BPCL SBI Card RuPay Credit Card offers 4.25 per cent value back on fuel at our over 19,000 outlets across India, along with a slew of other best-in-class benefits. Bouquet also provides.” said.
He said that this offer is in line with BPCL’s endeavor to provide its customers with consistent value for their fuel consumption.
Ram Mohan Rao Amara, MD & CEO, SBI Cards said: “The BPCL SBI Card RuPay is packed with attractive benefits and targets the largely affluent consumer segment, who spends a significant amount on fuel. This card is available in the SBI Card portfolio. Will also strengthen the RuPay platform.
“With this launch, we reaffirm our commitment to bring value-added, secure, contactless and cashless payment solutions to consumers.”
Praveena Rai, COO, NPCI said that the BPCL SBI Card RuPay Credit Card has been designed to ensure that customers not only save more on their fuel expenses but also benefit from other shopping categories.
“We believe that this card is a step forward in the journey of RuPay contactless, to provide RuPay users with a smart, rewarding and delightful shopping experience,” he added.