Check below for a comparison between SBI BPCL vs HDFC Indianoil Credit Card or IndianOil HDFC Bank vs SBI BPCL and find which is better –
Choosing the right credit card can significantly impact your financial journey, and when it comes to fuel rewards, SBI BPCL and HDFC IndianOil credit cards are two popular choices in India.
Each card offers unique features and benefits tailored to meet the diverse needs of consumers.
In this comprehensive comparison, we will delve into the key aspects of these credit cards, including rewards programs, fees, and additional perks, helping you make an informed decision that aligns with your lifestyle and preferences.
Read on to discover which card emerges as the ideal companion for your fuel and financial needs.
Table of Contents
Overview of SBI BPCL Credit Card
The SBI BPCL Credit Card, a collaboration between SBI and Bharat Petroleum, provides cashback benefits for fuel expenses incurred at BPCL petrol stations.
Additionally, it presents various rewards in sectors like groceries, movies, dining, and more. Explore further to discover the features of the SBI BPCL Card.
Positioned as an introductory option, this card entails a modest annual membership fee of only Rs. 499.
Functioning as a fuel credit card, it ensures a comprehensive value back of 4.25%, comprising a 3.25% reward rate and a 1% surcharge waiver, applicable to all fuel transactions at BPCL stations.
Overview of IndianOil HDFC Bank Credit Card
By utilizing the fuel points earned through purchases, you can receive up to 50 liters of free fuel annually.
Additionally, with the IndianOil XTRAREWARDS Program (IXRP) membership that comes with the card, you have the opportunity to redeem fuel points at an attractive rate of 1 FP = Re. 0.96.
This redemption rate is quite favourable. The benefits extend beyond fuel, as you can also use your accumulated fuel points for products, vouchers, and various other categories.
The card incurs a nominal joining fee of Rs 500, which can be waived if you spend Rs 20,000 within the initial 90 days of card issuance.
SBI BPCL vs HDFC Indianoil Credit Card
| Features/Charges | SBI BPCL Credit Card | IndianOil HDFC Bank Credit Card |
|---|---|---|
| Joining Fees | Rs. 499 + taxes | Rs. 500 |
| Annual Fees | Rs. 499 + taxes | Rs. 500 |
| Welcome Benefits | Acquire 2,000 Activation Bonus Reward Points equivalent to Rs. 500 following the payment of the joining fees (credited after 20 days from the date of Joining Fees payment*) on this particular card. | N/A |
| Cashback / Rewards point | Earn 1 Reward Point for every Rs. 100 spent, equating to a Reward Rate of 0.25%. Additionally, enjoy 5 Reward Points for expenditures on dining, movies, departmental stores, and groceries, maintaining a consistent Reward Rate of 0.25%. Furthermore, receive an impressive 13 times Reward Points specifically at BPCL fuel stations, with a high Reward Rate of 3.25% when using this card. | Receive 5% in Fuel Points on transactions at IndianOil outlets, groceries, and bill payments. Additionally, earn 1 Fuel Point for every Rs. 150 spent on other purchases. With a potential reward rate of up to 4.8%, this credit card proves to be highly advantageous for both fuel-related expenses and everyday spending. |
| Dining benefits | Get 5 times more rewards points on dining by using this card | Earn five times the reward points for dining when using this card. |
| Travel benefits | N/A | N/A |
| Annual fees waiver | Annual Fee waived off on annual spends greater than Rs. 1,50,000 on this card | The annual fee is waived if the yearly expenditure on this card surpasses Rs. 1,50,000. |
| Fuel surcharge waiver | Get a fuel surcharge waiver of 1% with this card at all Fuel stations in India and valid on transactions of Rs. 4000 by using this card* | Employ this card for transactions at any fuel station across India and benefit from a 1% waiver on fuel surcharge, applicable to transactions of Rs. 4000 or more. |
