SBI BPCL Octane Card

Key Features & Benefits

The SBI BPCL Octane Card transforms your fuel expenses into substantial savings with an industry-leading 25 reward points per ₹100 spent at BPCL pumps, translating to 7.25% value back when you factor in the additional 1% fuel surcharge waiver. This means real money saved every time you fill up your tank, with potential monthly savings of up to ₹100 on fuel surcharge alone.

Beyond fuel, this card rewards your lifestyle spending generously. Earn 10 reward points per ₹100 on dining at restaurants, shopping at departmental stores, buying groceries, and watching movies – categories where you spend regularly. The welcome bonus of 6,000 reward points worth ₹1,500 gives you an immediate head start on your rewards journey.

Travel benefits include 4 complimentary domestic airport lounge visits annually, ensuring comfortable airport experiences. High spenders are rewarded further with ₹2,000 in e-gift vouchers from premium brands like Aditya Birla Fashion, Yatra, and Bata when you cross ₹3,00,000 in annual spending. The card also provides fraud liability cover of ₹1,00,000 for added security and peace of mind.

All You Need to Know About: SBI BPCL Octane Card

The SBI BPCL Octane Credit Card is a co-branded credit card issued by SBI Card in partnership with Bharat Petroleum Corporation Limited, available on both Visa and Mastercard networks. Launched to cater to fuel-conscious consumers, this card offers a comprehensive rewards program designed to provide maximum value on BPCL fuel purchases and everyday lifestyle spending. The card charges a joining fee and annual fee of ₹1,499 plus applicable GST, but the annual fee is waived if cardholders spend ₹2,00,000 or more in their previous membership year, making it an attractive option for regular users who can achieve this spending milestone through normal expenses.

The primary attraction of the SBI BPCL Octane Credit Card is its exceptional fuel rewards program that delivers 25 reward points per ₹100 spent on BPCL fuel purchases, translating to approximately 6.25% value back. Additionally, cardholders benefit from a 1% fuel surcharge waiver on transactions up to ₹4,000 per month, with a maximum saving of ₹100 monthly. Combined, these benefits provide an effective return of 7.25% on fuel spends, positioning it among the highest rewarding fuel credit cards in India. The fuel rewards are capped at 2,500 points per billing cycle. The card also rewards Bharat Gas purchases made through the website or app with 25 reward points per ₹100 spent, capped at 500 points per billing cycle, making it valuable for households and businesses using Bharat Gas cylinders.

Beyond fuel, the card offers accelerated rewards on lifestyle categories including dining at restaurants, shopping at departmental stores, grocery shopping, and movie tickets, earning 10 reward points per ₹100 spent in these categories with a monthly cap of 7,500 points. Other retail purchases earn a base rate of 1 reward point per ₹100 spent, equivalent to 0.25% value back, excluding mobile wallet reloads and non-BPCL fuel spends. The reward points follow a redemption structure where 4 reward points equal ₹1, making each reward point worth ₹0.25. New cardholders receive a welcome bonus of 6,000 reward points worth ₹1,500 credited within 30 days of paying the annual fee, which effectively offsets the joining fee cost and provides immediate value.

The SBI BPCL Octane Credit Card includes travel and milestone benefits to enhance the overall value proposition. Cardholders receive 4 complimentary domestic airport lounge visits per calendar year through the Visa lounge program, with a maximum of 1 visit allowed per quarter. For high spenders, the card offers milestone rewards of ₹2,000 in e-gift vouchers from premium brands like Aditya Birla Fashion, Yatra, or Bata and Hush Puppies when annual spending reaches ₹3,00,000. The card carries an interest rate of 3.50% per month or 42% per annum on unpaid balances, which is standard for most credit cards. Late payment fees range from ₹500 to ₹950 depending on the outstanding amount, and international transactions attract a foreign exchange markup of 3.5%. The card provides fraud liability cover of ₹1,00,000 for added security. While the minimum income requirements are not publicly disclosed, applicants need to demonstrate stable income and meet standard creditworthiness criteria. The application process is straightforward through the SBI Card website or partner platforms, requiring basic KYC documents, income proof, and identity proof, with typical processing time of approximately 15 days. The card is best suited for regular BPCL fuel customers, frequent lifestyle spenders on dining and groceries, and individuals who can comfortably achieve the annual spending threshold to maximize benefits and waive the annual fee.

Pros & Cons

How to Apply

Step 1: Visit the official SBI Card website or authorized partner platforms and navigate to the BPCL SBI Card Octane application page.

Step 2: Click on “Apply Now” and fill in the online application form with your personal, employment, and income details.

Step 3: Upload required KYC documents including PAN card, Aadhaar card, address proof, and income proof (salary slips or ITR).

Step 4: Submit your application and await verification. Once approved (typically within 15 days), your card will be dispatched to your registered address.

Detailed Fee Structure

The SBI BPCL Octane Credit Card charges a joining fee of ₹1,499 plus applicable GST, with an identical annual renewal fee of ₹1,499 plus GST. However, the annual fee is completely waived if you spend ₹2,00,000 or more in the previous membership year, making it effectively free for regular users.

The card carries an interest rate of 3.50% per month (42% per annum) on unpaid balances, which is standard for most credit cards. Late payment fees range from ₹500 to ₹950 depending on your outstanding amount. International transactions attract a foreign exchange markup of 3.5% on the transaction value. The fuel surcharge waiver benefit is capped at ₹100 per month on transactions up to ₹4,000. There are no hidden charges for reward redemption or card replacement under normal circumstances.

Who Should Get This Card?

The SBI BPCL Octane Card is ideally suited for individuals who regularly fuel their vehicles at BPCL pumps and want to maximize their savings on fuel expenses. It’s perfect for daily commuters, professionals with significant monthly fuel costs, and families who spend heavily on groceries, dining, and entertainment.

Business owners who use Bharat Gas for commercial purposes will find excellent value with 25 reward points per ₹100 spent. The card is also beneficial for occasional domestic travelers who can utilize the complimentary airport lounge access. If you can comfortably spend ₹2,00,000 annually to waive the fee and primarily fuel at BPCL stations, this card offers unmatched returns.

Alternatives & Competitor Comparison

Feature	SBI BPCL Octane Card	Tata Neu Infinity Hdfc Card
Card Image
Card Network	Mastercard, Visa	RuPay, Visa
USP	The SBI BPCL Octane Credit Card delivers an exceptional 7.25% value back on BPCL fuel purchases along with accelerated rewards on dining, groceries, and movies, making it the perfect choice for frequent fuel buyers and lifestyle spenders who want maximum savings on everyday expenses.	The Tata Neu Infinity HDFC Bank Credit Card offers up to 5% NeuCoins on Tata Neu brands and utility bill payments, plus 1.5% rewards on other retail and UPI spends, making it ideal for frequent shoppers and digital payers. It also provides premium lounge access and exclusive partner benefits for a rewarding lifestyle experience.
Annual Fee	1499 Plus GST	1499 + Applicable Taxes
Joining Fee	1499 Plus GST	1499 + Applicable Taxes (No Joining Fee For Select Users)
Welcome Benefits	6,000 bonus reward points worth ₹1,500 credited within 30 days of paying the annual fee	Get 1499 NeuCoins only on payment of Rs. 1499 Joining Fee
Lounge Access	Domestic: 1 per quarter	Domestic: 2 per quarter | International: 1 per quarter On spends of ₹50,000+ in the last 3 months
Reward Rate	Earn 25 reward points per ₹100 (7.25% value) on BPCL fuel spends (capped at 2,500 points per billing cycle), 10 points per ₹100 (2.5% value) on dining, groceries, departmental stores, and movies (capped at 7,500 points per month), 25 points per ₹100 on Bharat Gas (capped at 500 points per billing cycle), and 1 point per ₹100 (0.25% value) on other retail spends.	Earn 5% NeuCoins on Tata Neu brands and utility bills, 1.5% on other retail and UPI spends via Tata Neu app, and 0.5% on UPI spends through other apps
Interest Rate	3.50% per month (42% per annum)	3.49% per month (41.88% per annum)
Best For	Fuel	Bill Payments, UPI
Apply Now	Apply Now	Apply Now

Frequently Asked Questions