BPCL SBI Octane Credit Card
By WhichWise Editorial Team · Verified ·
A gold Visa card with 2+ partner merchants with 4 lounge visits. The 0.25% base rate looks low, but 2 milestone tiers can push the real value much higher.
SBI Card
By WhichWise Editorial Team · Verified ·
A gold Visa card with 2+ partner merchants with 4 lounge visits. The 0.25% base rate looks low, but 2 milestone tiers can push the real value much higher.
Fuel Surcharge Waiver Details
Fuel accelerated rewards cap reduced from Rs.10,000 to Rs.7,000/month, effective May 1, 2026 See Recent Changes for details.
3 spending categories earn zero rewards (including non-BPCL fuel, rent).
The BPCL SBI Octane Credit Card is SBI Card's ₹1,499-a-year reward points credit card with about 0.25% base rewards on everyday spend. Best for bpcl shoppers and occasional flyers.
Quick Decision
Reward earnings only, at the everyday spend mix: milestone vouchers and lounge value are tracked separately in the sections below. 3 categories (fuel, rent, wallet load, see Excluded list) earn 0% and are NOT in this range.
Casual users hit the lower end; engaged users hit the upper end.
See full analysisPros & Cons
A balanced look at what this card does well and where it falls short.
- Fee waived on ₹2.0L annual spend
- 6.25% on BPCL
- 4 domestic lounge visits/year
- Welcome bonus worth ₹1,500
- Non-BPCL fuel transactions excluded from rewards
- Rent payments excluded from rewards
- High forex markup: 3.5%
Our editorial take on this card
What works
At 25 reward points per ₹100, the BPCL Octane delivers 6.25% reward value on every BPCL fill-up, returning ₹437.50 back on ₹7,000 of fuel post-May 2026. The 1% surcharge waiver (up to ₹100/month, max ₹4,000/transaction) pushes total fuel value to 7.25%. Beyond the pump, 10 reward points per ₹100 (2.5%) on dining, groceries, movies, and departmental stores stretches the card into daily-essentials territory, though the four categories share a single 7,500-point monthly pool, not 7,500 per category. The ₹1,499 annual fee is waived at ₹2 lakh annual spend, and the 6,000 welcome bonus points (worth ₹1,500) effectively refund year one's fee. Four domestic Visa lounge visits per year (1 per quarter, no guests) round out a sensible mid-tier package.
⚠️ Devaluation live since May 1, 2026: SBI cut the fuel accelerated rewards cap to ₹7,000/month spend (down from ₹10,000), dropping max monthly fuel value from ₹625 to ₹437.50. The 0.25% base rate on non-category spends is among the lowest in the market: for context, Cashback SBI Card runs 5% on online and HDFC Millennia runs 5% on partner merchants. Three large spend buckets earn zero rewards: rent payments (MCC 6513), e-wallet loads (MCC 6540/6541), and any non-BPCL fuel purchase, so if you pay rent or fill up anywhere but a BPCL pump, those rupees earn nothing here. Forex markup is a steep 3.5% (vs 2.0% on HDFC Regalia Gold and 2.0% on Axis Magnus), so leave this card at home internationally. There is no international lounge access or Priority Pass. The ₹3 lakh annual milestone for a ₹2,000 voucher is restricted to five brands (Aditya Birla Fashion, Yatra, Hush Puppies, Bata, Urban Ladder), useful only if you actually shop there.
Bottom line
The BPCL SBI Octane is the best card for BPCL-loyal drivers who want maximum pump savings. At 6.25% fuel rewards plus 2.5% on dining and groceries, it genuinely pays for itself if you spend ₹5K–7K/month on fuel. But it's a specialist: pair it with a general-purpose card and don't expect it to work outside its niche.
Independent analysis from public card terms, no paid placements or ratings.
Welcome Bonus
VerifiedOne-time bonus for new cardholders
6,000 Bonus Reward Points worth ₹1,500 on payment of annual membership fee
So what does this card actually earn?
Reward Points
This card earns reward points on every transaction. The real value of your points depends on how you redeem them: here is a breakdown of the redemption tiers.
per point
0.25%
assumes ₹0.25/point redemption
Redemption Tiers
Tap a tier to update the Value Verdict above
Worst Case
Statement credit
Tiered Rewards
Different reward rates by category
Cap: Monthly: 1,750 RP (~₹438)
Cap: Monthly: 500 RP (~₹125)
Cap: Monthly: 7,500 RP (~₹1,875)
Partner Rewards
Earn bonus rates at these merchants
| Merchant | Reward | Type |
|---|---|---|
| Bharat Petroleum (BPCL) BPCL fuel and MAK Lubricants. Plus 1% fuel surcharge waiver adds to 7.25% total value-back. Cap reduced from 2,500 to 1,750 RP/month effective May 2026. | 6.25% | Cashback |
| Bharat Gas (BPCL) Bharat Gas LPG via website and app only | 6.25% | Cashback |
Fuel accelerated rewards cap reduced from Rs.10,000 to Rs.7,000/month, effective May 1, 2026
- BPCL fuel accelerated rewards (25X) will be capped at Rs.7,000 monthly spend (down from Rs.10,000 = 2,500 points cap)
- New effective fuel cap: 1,750 reward points/month on fuel (down from 2,500 points/month)
- Maximum fuel value-back drops from Rs.625/month to Rs.437.50/month
- Dining, grocery, movies accelerated rewards (10X) caps unchanged
- Source: TechnoFino community, April 2026
WhichWise monitors changes to card terms so you're never caught off guard by a devaluation. See all tracked changes →
Excluded Categories
3 categories earn no rewards on this card
⚠ Do not use for non-BPCL fuel, Rent Payments, Wallet / Prepaid Instrument Loading. You earn 0 rewards on these spends. Use a different card or pay direct.
Carve-out: Non-BPCL fuel stations earn 0 points. BPCL fuel earns 6.25% via the BPCL partner rate — the exclusion only applies to other fuel brands (IOCL, HPCL, Shell, etc.).
This card works best for bpcl fuel & mak lubricants, bharat gas, airport lounge usage, and dining. Spends in those categories still earn at the headline rate.
Lounge Access
Complimentary airport lounge visits
Domestic
4
visits/year
International
0
visits/year
Priority Pass
No
membership
The ceiling priced at walk-in rates is the theoretical max; the realistic range above assumes 40–70% of visits actually used (most users land in the lower half). How is this estimated?
- Network
- Visa
- Guest policy
- not allowed
- Notes
- Maximum 1 visit per quarter via Visa lounge program
Up to 1 domestic/quarter + 0 international/quarter
Milestone Rewards
Bonus rewards when you hit spending targets
Annual fee reversal for the next year (~₹1,499 at threshold) (annual)
₹2,000 e-gift voucher from Aditya Birla Fashion, Yatra, Hush Puppies, Bata, or Urban Ladder (~₹2,000 at threshold) (annual)
Who Is This Card For?
Regular BPCL customers spending ₹5,000–7,000/month on fuel who also have meaningful dining and grocery spends (₹10K+/month). Ideal if you live near a BPCL pump, earn ₹25K+ monthly, and want a single card for fuel + daily essentials. Pairs well with a strong general-purpose card like SBI Cashback or HDFC Millennia for everything else.
Anyone who doesn't exclusively use BPCL pumps: Indian Oil or HP users get zero fuel benefits. If your fuel spend is under ₹3,000/month, the rewards won't justify the ₹1,499 fee. Heavy spenders looking for a single do-it-all card should consider SBI Elite or HDFC Regalia Gold instead. International travelers should avoid this card entirely due to the 3.5% forex markup and zero international lounge access.
How It Compares
Side-by-side with similar cards in our database.
| Feature | This card | YES Bank RESERV | HSBC Live+ |
|---|---|---|---|
| Annual fee | ₹1,499 | ₹2,499 | ₹999 |
| Reward ratecash-equivalent · accelerated | 0.25%up to 6.25% on partners | 1.20%no accelerator | 1.50%no accelerator |
| Network | Visa / RuPay | Visa / Mastercard | Visa |
| Acceptance | Universal | Universal | Universal |
| Eligibility | Applicable | Applicable | Applicable |
Methodology: reward rates shown at cash-equivalent redemption (statement credit / direct cashback): the most conservative tier every cardholder can realize. Travel-transfer or partner-merchant routing can be materially higher; see each card's full review for upside scenarios.
Fees & Charges
Complete breakdown of all fees associated with this card.
Value Verdict
All rupees · no routingEstimated annual value at ₹50,000/month spend with base earn on all retail, plus milestones + lounge access at realistic utilization.
+ up to ₹1,200/yr fuel surcharge savings (transactions up to ₹4,000 per fill, not included above).
✓ Fee waived above ₹16,667/month, so all ₹5,260 is net value
Year 1 also carries a one-time ₹1,499 + 18% GST joining fee (~₹1,769), charged upfront on issuance and not waivable by spend. The net above reflects the renewal-year fee (which your spend waives); subtract the joining fee from year-1 value.
First year bonus: +₹1,500 welcome value (not included above)
↓ Accelerated rates (BPCL Fuel & MAK Lubricants at 6.25%, Bharat Gas (LPG) at 6.25%, Dining, Grocery, Departmental Stores, Movies at 2.5%) not included: actual value may be higher
Reward earnings only: ~₹1,500/year on generic spend, or ₹5,100/year if you route ~₹5,000/month (~10% of eligible spend) through BPCL (6.25% partner rate). Partner premium: +₹3,600/year.The 'With optimized routing' figure also routes ~15% of spend through the Dining, Grocery, Departmental Stores, Movies tier (2.5% vs 0.25% base): estimated +₹2,025/year additional.
The ₹5,260 top-line above also includes lounge access and milestone benefits on top of these reward earnings.
Assumptions used in this estimate▸
- • Reward earnings shown at the conservative redemption tier (Vouchers / merchandise).
- • Milestone bonus of ₹2,000/year assumes you hit the spend threshold every period: base earn alone (no milestone) is ₹1,500/year.
- • Lounge value uses ~55% realistic utilization (most flyers don't fully clock the available visits). Per-visit anchors: ₹800 domestic, ₹1,500 international. Retail-equivalent (100% utilization) would be ₹3,200.
- • Earn assumes all spend lands in eligible categories. 3 categories are excluded: spend there earns ₹0.
Eligibility
Requirements you need to meet to apply for this card.
Data verified against SBI Card official website · Last verified: 2026-05-17 · Terms & Conditions (MITC)
WhichWise does not accept payment for card placement or ratings. Fees, rates, and benefits may change. Always confirm with the issuer before applying.
Verified from the source
Key facts below are quoted verbatim from SBI Card's own pages and documents, not paraphrased.
- Joining fee
“Annual Fee: Rs. 1,499 + taxes”
Verified quote from sbicard.com (issuer website) · fetched 2026-04-30 - Annual fee
“Renewal Fee (per annum): Rs.1,499 + taxes”
Verified quote from sbicard.com (issuer website) · fetched 2026-04-30 - Annual fee waiver
“Renewal Fee is reversible if annual spend for last year >= Rs. 200,000”
Verified quote from sbicard.com (issuer website) · fetched 2026-04-30 - Reward type
“25 Reward points on every Rs. 100 spent at BPCL Fuel, Lubricants & Bharat Gas”
Verified quote from sbicard.com (issuer website) · fetched 2026-04-30 - Base reward rate
“1 Reward Point on all other retail spends, except fuel ( 1 RP = `0.25)”
Verified quote from sbicard.com (MITC document) · fetched 2026-04-19 - Welcome bonus
“Get 6000 bonus reward points worth Rs. 1,500 on payment of Annual Fee”
Verified quote from sbicard.com (issuer website) · fetched 2026-04-30 - Forex markup
“Foreign Currency Transaction Fee: 3.5% (For all cards Except AURUM, Elite Prime NRI Secured, Tata Neu Infinity SBI Credit Card, SBI Card Miles Elite/Miles Prime/Miles)”
Verified quote from sbicard.com (MITC document) · fetched 2026-05-09 - Lounge access
“4 complimentary domestic lounge visits per calendar year (max. 1 visit per quarter)”
Verified quote from sbicard.com · fetched 2026-05-02
Interested in BPCL SBI Octane?
Check the official page for the latest terms before applying.