State Bank of IndiaBPCL SBI Card Octane
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State Bank of India
BPCL SBI Card Octane
4.4Best for fuel spends
Lounge access
- Joining fee
- ₹1,499
- Annual fee
- ₹1,499
- Welcome bonus
- ₹1,500
- Forex markup
- 3.5%
- Interest p.a.
- 45%
- Min income
- —
How this card earns
Reward rates by category, with caps and an estimated yearly value.
| Spend category | Reward rate | Monthly cap | Est. value/yr |
|---|---|---|---|
Fuel 25X Reward Points (25 RP per ₹100) on BPCL fuel = 7.25% value back per official T&C. Capped at 2,500 RP per statement cycle (≈₹625 value at ₹0.25/RP). Not applicable on fuel paid via UPI (RuPay). Fuel surcharge waiver also applies on BPCL pumps. | 7.25% | ₹625 | ₹544 |
Groceries 10X Reward Points (10 RP per ₹100) on groceries, departmental stores, movies and dining; 1 RP = ₹0.25 so ≈2.5% value back. Cumulative cap of 7,500 RP per month across these categories (≈₹1,875). | 2.5% | ₹1,875 | ₹563 |
Dining 10X Reward Points on dining (MCC 5812/5813/5814) ≈2.5% value back. Shares the cumulative 7,500 RP/month cap with groceries, departmental stores and movies. | 2.5% | ₹1,875 | ₹563 |
Entertainment 10X Reward Points on movies (MCC 7832/7922) ≈2.5% value back. Shares the cumulative 7,500 RP/month cap with groceries, departmental stores and dining. | 2.5% | ₹1,875 | ₹563 |
Everything else 1 Reward Point per ₹100 on all other retail spends (₹0.25 each = 0.25%). Reward points earned for a maximum spend of ₹10,000/month overall. No RP on fuel paid via UPI, balance transfer, wallet loads, rent. | 0.25% | — | ₹300 |
| All other spends | 0.25% | — | ₹300 |
Estimated yearly value assumes ₹10,000/month spend in each category, capped where the card caps rewards.
Fees & charges
Joining fee₹1,499
Annual fee₹1,499
Annual fee waiverRenewal fee of ₹1,499 reversed on annual spends of ₹2,00,000 or more in the preceding year
Foreign currency markup3.5%
Finance charge (p.a.)45%
Fuel surcharge waiver1%, up to ₹100/mo
Spend milestones
| Annual spend | Benefit | Value |
|---|---|---|
| ₹3,00,000 | e-Gift voucher worth ₹2,000 on annual spends of ₹3 Lakh | ₹2,000 |
Key benefits
- Airport lounge access — 1/quarter domestic
- 25X Reward Points on BPCL fuel (7.25% value back, capped 2,500 RP/cycle)
- 10X Reward Points on groceries, departmental stores, movies and dining (cumulative cap 7,500 RP/month)
- 1 Reward Point per ₹100 on all other spends (₹0.25 each)
- 6,000 welcome bonus Reward Points (worth ₹1,500)
- ₹2,000 milestone e-gift voucher on ₹3 lakh annual spends
- Fuel surcharge waiver on BPCL pumps (up to ₹4,000 per txn, max ₹100/month)
- 4 complimentary domestic airport lounge visits per year (max 1 per quarter)
- Instant redemption of points for free fuel at BPCL outlets (4 RP = ₹1 fuel)
What we like
- +Excellent 7.25% value back on BPCL fuel
- +10X rewards on groceries, dining, movies and departmental stores
- +4 complimentary domestic lounge visits per year; fee waiver on ₹2 lakh spend
What to watch
- −Top fuel benefit only at BPCL pumps (2,500 RP/cycle cap)
- −Low base earn rate (0.25%) and ₹0.25 reward point value
- −Reward points capped at ₹10,000 spend per month
Compare with similar cards
- Top reward
- 0.5%
- Annual fee
- ₹4,999
- Welcome bonus
- ₹5,000 value
- Top reward
- 5%
- Annual fee
- ₹999
- Top reward
- 2.5%
- Annual fee
- ₹499
- Welcome bonus
- ₹500 value