CardAgent
Verified by CardAgent admin · last checked 08 Jul 2026
SBI Card

BPCL SBI Card OCTANE

24
Ranked #141 of 170 in credit
creditVisa/RuPayMid-tier fuel co-brand

SBI premium fuel co-brand with Bharat Petroleum, offering ~7.25% total value-back at BPCL pumps plus strong everyday-category rewards (groceries/dining/movies) and unconditional domestic lounge access — SBI standout fuel card, though recently challenged by RBL Indian Oil XTRA on pure fuel value.

Score breakdown

Data completeness: 100% · Last verified: 09 Jul 2026

Reward value6/100 · weight 71%
≈ 0.27% effective on the standard basket (eligible spend only)
Wide-coverage rewards: +0.6% score bonus — earns broadly without narrow category restrictions.
Fee efficiency87/100 · weight 12%
Redemption flexibility75/100 · weight 9%
Perks36/100 · weight 9%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee
₹1,499 + 18% GST
= ₹1,769 total
Annual fee
₹1,499 + 18% GST
= ₹1,769 / year total
Waiver: Waived on Rs 2 lakh annual spend in previous year
Forex markup
3.5%

Lounge access

Domestic (per year)
4
International (per year)
0

Reward structure

CategoryTypeRateCapNotes
fuelpoints1.56%(6.25 pts @ ₹0.25)₹625 / monthly25 points per Rs 100 at BPCL stations = 6.25% actual value; capped 2,500 points/billing cycle; plus separate 1% surcharge waiver applies at ALL fuel stations
groceries_offlinepoints0.63%(2.5 pts @ ₹0.25)₹1,875 / monthly10 points per Rs 100 on groceries/departmental stores/movies/dining = 2.5% actual; capped 7,500 points/month
diningpoints0.63%(2.5 pts @ ₹0.25)—10X on dining/movies/groceries
all_spendspoints0.06%(0.25 pts @ ₹0.25)—1 point per Rs 100 on all other non-fuel spends = 0.25% actual

Welcome offer

6,000 bonus Reward Points (worth ~Rs 1,500) on payment of joining fee, credited within 20-30 days

Milestone benefits

Pros

  • Strong 7.25% total fuel value-back at BPCL (6.25% via 25X points capped 2,500 points/cycle + 1% surcharge waiver), UNCONDITIONAL 4 domestic lounge visits/year (no spend gate — rare for this fee tier, one of very few SBI cards with this benefit), solid 10X (~1.67-2.5% depending on source phrasing) on groceries/dining/movies/departmental stores capped 7,500 points/month, achievable Rs 2 lakh fee waiver, Rs 1 lakh fraud liability cover

Cons

  • Higher fee (Rs 1,499) than most fuel cards, only 1 point/Rs100 (0.25%) on non-fuel/non-accelerated spends, reward points not earned on non-BPCL fuel stations or wallet loads, faces new competition from Indian Oil RBL XTRA Credit Card offering slightly higher 8.5% value-back

What's inside

More benefits

  • Milestone e-gift voucher

    ₹2,000

    Rs 2,000 voucher from Aditya Birla Fashion/Yatra/Bata/Hush Puppies

    yearly. Rs 3 lakh annual spend

  • Fraud liability cover

    ₹1,00,000

    Complimentary fraud liability cover up to Rs 1 lakh

    yearly.

  • Welcome bonus points

    ₹1,500

    6,000 Reward Points (worth ~Rs 1,500) on joining fee payment

    one-time.

Insurance cover

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₹NaN

Eligibility

text
Age 21-60 (salaried, income Rs 25,000/month+) or self-employed (ITR Rs 4 lakh+/year); credit score ideally 750+

Small print

Redemption fee
₹99 / redemption
Fuel surcharge:1% fuel surcharge waiver on transactions up to Rs 4,000, capped Rs 100/statement cycle (~Rs 1,200/year savings) — waiver applies even at NON-BPCL fuel stations, unlike the 25X reward rate which is BPCL-only