SBI SimplySAVE Credit Card vs BPCL SBI Credit Card

Sachin Sharma

Fuel Rewards: SBI SimplySAVE Credit Card vs BPCL SBI Credit Card

When it comes to choosing a credit card that offers fuel rewards, SBI SimplySAVE Credit Card and BPCL SBI Credit Card are two prominent options in the Indian market. Let's compare them based on their fuel reward benefits.

SBI SimplySAVE Credit Card: With SBI SimplySAVE Credit Card, you can earn 1 Reward Point for every Rs. 100 spent on all categories, including fuel. Additionally, you can get a 10X reward point on every Rs. 100 spent on dining, movies, groceries, and departmental stores. The reward points can be redeemed for various products and services, including fuel vouchers. SBI SimplySAVE Credit Card offers a fuel surcharge waiver of 1% for fuel purchases between Rs.500 to Rs.3,000, with a maximum waiver of Rs.100 per statement cycle.

BPCL SBI Credit Card: BPCL SBI Credit Card is a co-branded card between SBI and Bharat Petroleum Corporation Limited (BPCL). With BPCL SBI Credit Card, you can earn 3.25% Value Back on fuel purchases at BPCL petrol pumps. The value back is calculated as 3.25% of the transaction value, which is equivalent to Rs. 13 per Rs. 400 spent. The value back is credited as BPCL fuel balance, which can be used to purchase fuel at BPCL petrol pumps. BPCL SBI Credit Card also offers a fuel surcharge waiver of 1% on fuel purchases between Rs. 500 to Rs. 4,000, with a maximum waiver of Rs. 100 per statement cycle.

Verdict: Both SBI SimplySAVE Credit Card and BPCL SBI Credit Card offer fuel rewards, but the benefits are different. SBI SimplySAVE Credit Card offers reward points that can be redeemed for fuel vouchers, while BPCL SBI Credit Card offers a direct value back in the form of BPCL fuel balance. However, if you are a frequent customer of BPCL petrol pumps, BPCL SBI Credit Card might be a better option for you.

BPCL SBI Credit Card: A Comprehensive Overview

BPCL SBI Credit Card is a co-branded credit card between SBI and Bharat Petroleum Corporation Limited (BPCL). The card offers various benefits, including fuel rewards, dining discounts, and annual fee waivers. Let's take an in-depth look at the card's features and benefits.

Fuel Rewards: With BPCL SBI Credit Card, you can earn 3.25% Value Back on fuel purchases at BPCL petrol pumps. The value back is calculated as 3.25% of the transaction value, which is equivalent to Rs. 13 per Rs. 400 spent. The value back is credited as BPCL fuel balance, which can be used to purchase fuel at BPCL petrol pumps. Additionally, the card offers a fuel surcharge waiver of 1% on fuel purchases between Rs. 500 to Rs. 4,000, with a maximum waiver of Rs. 100 per statement cycle.

Annual Fee: The annual fee for BPCL SBI Credit Card is Rs. 499, which can be waived off if the annual spending on the card exceeds Rs. 50,000 in the previous year.

Dining Discounts: The card offers 2.5% fuel surcharge waiver on all fuel purchases at any petrol pumps across India. Similarly, you can get up to a 20% discount on dining at partner restaurants across India.

Rewards: With BPCL SBI Credit Card, you can earn 1 reward point for every Rs. 100 spent on all categories except fuel. The reward points can be redeemed for various products and services, including fuel vouchers.

Foreign Exchange Markup: The markup on foreign currency transactions is 3.5%, which is comparable to other credit cards in the market.

Verdict: BPCL SBI Credit Card is an excellent credit card for frequent customers of BPCL petrol pumps. The card's fuel rewards and surcharge waiver make it an attractive option for those who are looking to save on their fuel expenses. Additionally, the card offers dining discounts and an annual fee waiver, making it a well-rounded credit card.

Annual Fees: SBI SimplySAVE Credit Card vs BPCL SBI Credit Card

Annual fees are an important aspect to consider while choosing a credit card. Let's compare the annual fees of SBI SimplySAVE Credit Card and BPCL SBI Credit Card.

SBI SimplySAVE Credit Card: The annual fee for SBI SimplySAVE Credit Card is Rs. 499. However, the fee is waived off if the annual spending on the card exceeds Rs. 1 lakh in the previous year.

BPCL SBI Credit Card: The annual fee for BPCL SBI Credit Card is Rs. 499, which can be waived off if the annual spending on the card exceeds Rs. 50,000 in the previous year.

Verdict: Both SBI SimplySAVE Credit Card and BPCL SBI Credit Card have the same annual fees of Rs. 499. However, SBI SimplySAVE Credit Card has a higher spending threshold to waive off the annual fee. If you are looking for a credit card with a lower spending threshold, BPCL SBI Credit Card is a better option for you.

Conclusion

Both SBI SimplySAVE Credit Card and BPCL SBI Credit Card are popular credit cards in the Indian market. While SBI SimplySAVE Credit Card offers reward points that can be redeemed for fuel vouchers, BPCL SBI Credit Card offers a direct value back in the form of BPCL fuel balance. Additionally, BPCL SBI Credit Card is an excellent option for frequent customers of BPCL petrol pumps, as it offers fuel rewards, surcharge waivers, and dining discounts. Both cards have the same annual fee of Rs. 499, but SBI SimplySAVE Credit Card has a higher spending threshold to waive off the fee. Overall, choosing the right credit card depends on your spending patterns and preferences.

Sachin Sharma

Kotak Mahindra Bank Lifetime Free Credit Cards

Sachin Sharma 2023-06-27

No Annual Fee Credit Cards: How Kotak Mahindra Bank Lifetime Free Credit Cards Can Benefit YouCredit cards can be a great option for individuals who want to have access to funds quickly and easily, while also being able to benefit from rewards and cashback offers. One such option is the Kotak Mahindra Bank Lifetime Free Credit Card. With the Kotak Mahindra Bank Lifetime Free Credit Card, you can earn rewards in a variety of different ways. That being said, it's important to carefully consider your finances and credit card usage habits before applying for any credit card. In conclusion, if you're in the market for a no annual fee credit card, the Kotak Mahindra Bank Lifetime Free Credit Card is definitely worth considering.

Indian Oil Credit Cards: A Comprehensive Comparison Guide

Rupinder Singh 2023-06-21

In this comprehensive comparison guide, we'll explore some of the popular Indian Oil credit cards available in India. 150 spent at Indian Oil fuel stations2 Turbo Points per Rs. 150 spent on groceries and supermarkets1 Turbo Point per Rs. 150 spent on other categoriesFuel Surcharge Waiver: 1% fuel surcharge waiver on transactions at authorized Indian Oil outletsAnnual Fee: Rs. 500)1% fuel surcharge waiver on transactions at Indian Oil fuel stationsReward Points on non-fuel transactionsAnnual Fee: Rs. 150 spent at Indian Oil fuel stations2 Turbo Points per Rs. 150 spent on groceries and supermarkets1 Turbo Point per Rs. 150 spent on other categoriesFuel Surcharge Waiver: 1% fuel surcharge waiver on transactions at authorized Indian Oil outletsAnnual Fee: Rs.

Reasons Why Should You Get SBI Aurum Credit Card

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Come across SBI Aurum Credit Card and thinking of whether taking this credit card will be beneficial or not. However, it is a super-premium credit card and it is offered by SBI card through an invite. Only a few loyal customers who have maintained a good standing account over a long period get the invite to the SBI Aurum Credit Card. Having the right credit card is the only way through which you can maximize the benefits of your credit card. Keep two things in mind while using a credit card, you need to keep your credit card dues clear and maintain a low credit utilization ratio.

What Are Credit Card Interchange Fees? A Detailed Guide

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In short, interchange fees are the fees charged by credit card issuers to merchants for the acceptance of credit cards. Assessment Fees: These are the fees charged by credit card networks to issuers for the use of their services. What are the different types of credit card interchange fees? There are four main types of credit card interchange fees:1. Non-Qualified Interchange Fees: These fees apply to transactions that don't meet the criteria for the lower standard interchange fee.

What Are Interchange Fees & What Can Merchants Do About Them?

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How to enter cash back rewards in Quickbooks?

NIk Jones 2021-06-19

You want to know how to correctly enter cash back rewards on a credit card in QuickBooks?

Visit our blog to get the right solution.Read More: https://www.smbaccountants.com/how-to-enter-cash-back-rewards-in-quickbooks/

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