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 accessVerifying

Joining fee incl. GST: ₹1,769
Renewal fee incl. GST: ₹1,769
Conditional welcome value: Up to ₹1,500
Forex markup: 3.5%
Interest p.a.: 45%
Min income (salaried): —

Welcome benefits depend on the actual offer and qualifying conditions; points and vouchers are not an automatic cash refund. Credited on payment of the ₹1,499 joining fee

How this card earns

Reward rates with their qualifying conditions and caps. Use the calculator for a combined estimate.

Calculation coverage is still under review for this card. A recorded benefit does not mean every condition has been included in the estimate.

What still needs confirmation

Issuer PDF has an ambiguous ₹10,000 cap sentence and inconsistent exclusion wording; transaction rounding and precise milestone qualification remain unmodelled.

Spend category	Reward rate	Reward limit
Fuel Only the qualifying merchants or payment route below 25 points per ₹100 at BPCL = 6.25% at ₹0.25/point, capped at 2,500 points per statement. The separate 1% surcharge waiver is not reward income. Fuel paid by UPI does not qualify.	6.25%	₹10,000 spend / month
Utilities & bills Only the qualifying merchants or payment route below Bharat Gas website/app LPG bookings only: 25 points per ₹100, at most 500 points per billing cycle.	6.25%	₹2,000 spend / month
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). Monthly cap shown as the spend at which it binds: 7,500 RP per month ÷ 10 RP per ₹100 = ₹75,000 of spend, shared with dining and movies.	2.5%	₹1,875 shared reward / month
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. Monthly cap shown as the spend at which it binds: 7,500 RP per month ÷ 10 RP per ₹100 = ₹75,000 of spend, shared with groceries and movies.	2.5%	₹1,875 shared reward / month
Entertainment Only the qualifying merchants or payment route below 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. Monthly cap shown as the spend at which it binds: 7,500 RP per month ÷ 10 RP per ₹100 = ₹75,000 of spend, shared with groceries and dining.	2.5%	₹1,875 shared reward / month
Other eligible purchases 1 point per ₹100 on eligible ordinary purchases. A ₹10,000 spending-limit sentence in the issuer PDF has ambiguous scope. The provisional calculator applies it conservatively to ordinary spend; this ceiling is not verified.	0.25%	₹25 shared reward / monthCeiling needs confirmation

Excluded from ordinary earning: Fuel, Rent. Specific qualifying offers, if any, are listed above.

Rates apply only to the merchants and conditions described. Shared ceilings cannot be added across rows. Points and vouchers are valued at the stated redemption assumption; use the spending calculator for a combined estimate.

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
BPCL fuel: 6.25% reward value plus a separate surcharge waiver of up to 1%, each subject to its own conditions
10X Reward Points on groceries, departmental stores, movies and dining (cumulative cap 7,500 RP/month)
1 Reward Point per ₹100 on other eligible purchases (₹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)
25X Reward Points on Bharat Gas LPG cylinder bookings made on the Bharat Gas website or app only, capped at 500 Reward Points per billing cycle
Fuel spends made through UPI on the RuPay variant earn no Reward Points and get no fuel surcharge waiver
No Reward Points on balance transfers, wallet loads (MCC 6540/6541), cash advances, financial charges, Flexipay or merchant EMI

What we like

+6.25% reward value on eligible BPCL fuel, plus conditional surcharge relief
+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
−The ordinary-spend ceiling in SBI’s PDF needs clarification; estimates remain provisional.