Compare: BPCL SBI Octane Vs. IDFC FIRST HPCL Power+ Vs. Indian Oil Axis Bank Credit Cards

Numerous card issuers similar to SBI Card, IDFC FIRST Financial institution, Axis Financial institution and so forth. supply gas bank cards which are co-branded with widespread gas stations like BPCL, HPCL, and IndianOil. In case you are somebody whose month-to-month spends embrace a substantial quantity on gas transactions, getting one such card may also help you save quite a bit. In your assist, now we have in contrast the options and advantages of three hottest and rewarding gas bank cards in India- BPCL SBI Card Octane, IDFC FIRST Energy+ Credit score Card and IndianOil Axis Financial institution Credit score Card. To make an knowledgeable resolution, you may select a card that matches effectively together with your spending patterns, and aligns essentially the most together with your preferences. Learn on to know extra.

A gas bank card may also help you save a considerable quantity on an essential, however some of the costly spends-fuel. Not like different playing cards that provide gas profit within the title of surcharge waiver, these playing cards supply inclined advantages on gas, by way of accelerated rewards. In addition to, you might also get prolonged advantages round rewards on retail spends, lounge entry, film reductions and so forth.

Notice: The estimated worth again proportion is calculated as per the incomes and redemption values provided on the playing cards. Click on right here to examine the worth again calculation.

Which Card Affords the Most Financial savings?

These playing cards supply financial savings by means of reward factors and reductions, on gas and non gas bills. When you earn accelerated rewards on gas and different day-to-day classes like grocery, eating, procuring and so forth, you additionally earn advantages on different retail spends. Based mostly on the options, as listed under, now we have derived the estimated financial savings in a month, with these playing cards.

BPCL SBI Card Octane:- As much as 7.25% Worth again  on gas spends

25X reward factors on gas purchases: 25 Reward Factors on each Rs. 100 spent at BPCL Gasoline, & Lubricants  (As much as 2500 factors per billing cycle)
10 reward factors on each Rs. 100 spent at Eating, Departmental Shops, Grocery & Films (As much as 7500 factors per thirty days)
1 reward level per Rs. 100 spent on different retail transactions (Besides cell pockets add & non-BPCL gas spends)
25 reward factors on each Rs. 100 spent on Bharat Gasoline (As much as 500 factors per billing cycle)
4 Reward Level = Rs. 1

IDFC FIRST Energy Plus Credit score Card:- As much as 6.5% financial savings on gas spends

24 rewards on each Rs. 150 spent on HPCL gas & LPG (capped at most transaction worth Rs. 10,000 each month)
30 rewards on each Rs. 150 spent on Grocery & Utility spends (capped at most transaction worth of Rs. 2,000 each month)
30 rewards on each Rs. 150 spent on IDFC FIRST FASTag recharge (capped at most transaction worth of Rs. 1,000 each month)
6 Payback Rewards on each Rs. 100 spent at HP Pay App (capped at most transaction worth of Rs. 5,000 each month)
3 reward factors on each Rs. 150 spent on different retail transactions
3 Reward  = Rs. 0.75
25% off on film tickets as much as Rs. 100, as soon as each month

IndianOil Axis Financial institution Credit score Card:- As much as 5% worth again on gas spends

20 reward factors on each Rs. 100 spent at IOCL gas pumps in India (eligible on transaction worth capped at Rs. 5,000)
5 reward factors on each Rs. 100 spent on on-line procuring (eligible on transaction worth capped at Rs. 5,000)
1 reward level on each Rs. 100 spent on different retail transactions
As much as 10% low cost on film ticket bookings by way of BookMyShow (as much as Rs. 100 per thirty days)
As much as 15% off on eating (as much as Rs. 1,000 in a month)

Estimated month-to-month financial savings at co-branded gas spends

Let’s assume you spend Rs. 10,000 a month on gas at particular co-branded gas stations. You’ll earn the next advantages by way of the accelerated gas rewards provided on these playing cards, as follows:

BPCL SBI Card Octane
IDFC FIRST Energy+ Credit score Card
IndianOil Axis Financial institution Credit score Card

Reward class
25 Reward Factors on each Rs. 100
24 Rewards on each Rs. 150
20 rewards on each Rs. 100 spent on transactions as much as Rs. 5,000

Gasoline spends
Rs. 10,000
Rs. 10,000
Rs. 10,000

Rewards earned on Rs. 10,000
2,500 reward factors
1,600 reward factors
1,050 reward factors

(as much as 1,000 factors on Rs. 5,000+ 50 factors on remaining worth)

Redemption worth
1 reward level= Rs. 0.25
1 reward level= Rs. 0.25
1 reward level= Rs. 0.20

Complete worth again
Rs. 625
Rs. 400
Rs. 210

Based mostly on the above illustration, contemplating a month-to-month spend of Rs. 10,000 on gas, BPCL SBI Card Octane, clearly, affords the utmost worth again. Nevertheless, it’s also the utmost worth you may earn on this card, due the reward level capping of two,500 reward factors in a billing cycle. This implies, should you spend double the quantity illustrated, you’ll earn the identical worth again, as a result of a low reward capping.

IDFC FIRST HPCL Energy+ Card and IndianOil Axis Financial institution Credit score Card additionally restrict the reward earnings on gas transactions, however as a substitute of reward factors, the capping right here is completed on the utmost transaction worth, of Rs. 10,000 and Rs. 5,000, respectively.

With IDFC FIRST Card you don’t earn any reward worth on HPCL or non-HPCL transactions past Rs. 10,000. Nevertheless, for transactions as much as Rs. 20,000 you continue to earn a gas surcharge waiver of 1%, however solely on HPCL pumps.

Alternatively, with Indian Oil Axis Financial institution Credit score Card, you earn the accelerated rewards on transactions as much as Rs. 5,000, however for transactions past this worth, you atleast earn rewards on the bottom price. Thus, for any gas transaction past Rs. 5,000 you earn 1 reward on each Rs. 100, as a substitute of 5 rewards. Moreover, the gas surcharge waiver on this card will not be restricted to IndianOil pumps, however throughout all pumps in India.

Estimated month-to-month financial savings on all gas & non-fuel spends

Spend class
Spend worth
BPCL SBI Card Octane
IDFC FIRST Energy+ Credit score Card
IndianOil Axis Financial institution Credit score Card

Gasoline spends at co-branded stations*
Rs. 4,000
Rs. 250
Rs. 160
Rs. 160

Gasoline surcharge waiver profit
Rs. 40
Rs. 40
Rs. 40

Gasoline spends at non-branded gas stations
Rs. 3,000
–
–
Rs. 10 (by way of gas surcharge on all gas stations)

Eating
Rs. 4,000
Rs. 100
Rs. 20
Rs. 600

Grocery
Rs. 8,000
Rs. 200
Rs. 400
Rs. 56

Films
Rs. 1,000
Rs. 25
Rs. 100
Rs. 100

Retail spends
Rs. 5,000
Rs. 12.5
Rs. 25
Rs. 10

On-line procuring
Rs. 5,000
Rs. 12.5
Rs. 25
Rs. 50

Complete Spends/Financial savings
Rs. 30,000
Rs. 640

Rs. 770

Rs. 1,026

The above talked about particulars are illustrated subjectively as per common spending throughout a number of classes. Deriving most worth again relies upon upon your spending preferences and patterns. As an example, for IndianOil Axis Financial institution Credit score Card, now we have assumed grocery procuring as carried out ‘on-line’, to derive the utmost worth again, by way of 5x rewards for on-line procuring. For offline grocery procuring, the advantages might differ. Equally, now we have not calculated returns for utility invoice funds, should you additionally spend on utilities together with your card, you may earn the very best valueback by way of IDFC FIRST Energy+ Card, because it supply 30 factors on each Rs. 150 on this class.

Based mostly on the above comparability, notice that:
(i) BPCL SBI Card Octane affords the very best worth again on gas, compared to the opposite two playing cards, that provide an equal return.

(ii) All three playing cards supply an equal quantity of gas surcharge waiver, of 1% of the transaction quantity. Whereas SBI BPCL Octane and IDFC FIRST Energy+ restrict the gas surcharge waiver throughout their co-branded gas stations, IndianOil Axis Financial institution Card affords waiver at ‘all’ gas stations in India. Thus, you earn the gas surcharge waiver profit even past non-partnered gas spends.

(iii) Not like the opposite two playing cards, IDFC FIRST Energy+ Credit score Card affords no eating privileges like rewards or reductions. Thus, the worth again is derived out of the essential reward construction of 3X rewards on each Rs. 150 spent.

Compared, SBI Card Octane affords accelerated rewards on eating with 10X rewards, whereas Axis IndianOil card affords as much as 15% direct low cost by way of the Eating Delights Programme. Based mostly on the worth again comparability, IndianOil Axis Card affords the very best worth again on eating.

(iv) Each SBI BPCL Card Octane and IDFC FIRST HPCL Energy+ Credit score Card, supply accelerated rewards on grocery procuring, with 10 rewards on each Rs. 100 and 30 rewards on each Rs. 150 spent, respectively.

Indian Oil Axis Financial institution Credit score Card, alternatively can give you grocery advantages by way of 5X rewards provided on on-line procuring. As per the worth derived above, IDFC HPCL Energy+ clearly beats the opposite two, providing the very best financial savings with a really large margin. BPCL SBI Octane additionally affords accelerated rewards on departmental shops, thus even whenever you don’t store your groceries on-line, it can save you a very good quantity on offline grocery procuring with this card.

(v) IndianOil Axis Financial institution Credit score Card & IDFC FIRST HPCL Energy+, supply direct reductions as much as 10% and 25% respectively on reserving film tickets. Nevertheless, even when the % differs, the utmost capping is identical at Rs. 100 per thirty days. Thus each supply equal profit.

SBI BPCL Octane, alternatively, affords 10 rewards on each Rs. 100, thus even at an honest reward price for this class, affords the least worth again comparatively.

(vi) Indian Oil Axis Financial institution Credit score Card additionally affords accelerated rewards on on-line procuring, which different two playing cards don’t supply. For these two playing cards, on-line procuring yields the identical advantages as every other retail spend.