MyFinCards
BPCL SBI Card OCTANE

Joining Fee

₹1,499

Annual Fee

Rs. 1499 (Reversed on annual spends of Rs. 2 Lakhs)

SBI Card
Fuel
Rewards
Best For: Frequent BPCL fuel station users, Individuals with high fuel expenses, Those seeking fuel surcharge waivers

BPCL SBI Card OCTANE

Rewards Structure

Base Reward Rate

1% on spends

Point Value

1 Point = ₹0.25

Earning Cap

₹2,500 /monthly

Pros

  • 7.25% value back on BPCL fuel spends
  • 25X reward points on BPCL fuel, lubricants and Bharat Gas
  • Welcome gift of 6000 bonus reward points worth Rs. 1500
  • 4 complimentary domestic lounge visits per year
  • Milestone benefit of Rs. 2000 gift vouchers on Rs. 3 lakh annual spends
  • Renewal fee waived on annual spends of Rs. 2 lakhs
  • Complimentary fraud liability cover of Rs. 1 lakh
  • Nil add-on card fee
  • Instant reward point redemption at BPCL petrol pumps

Cons

  • High joining and annual fee of Rs. 1499
  • 25X reward points capped at 2500 points per billing cycle
  • 10X dining/grocery/movies reward points capped at 7500 points per month
  • Bharat Gas 25X rewards capped at 500 points per billing cycle
  • Fuel surcharge waiver limited to transactions up to Rs. 4000
  • 1 reward point earned per Rs. 100 on all other retail spends is very low

Hidden Catches (Transparency Policy)

To build trust with our users, we highlight the fine print that issuers often tuck away in policy documents.

25X reward points on BPCL fuel capped at 2500 points per billing cycle

Bharat Gas 25X reward points capped at 500 points per billing cycle

10X reward points on dining/stores/grocery/movies capped at 7500 per month

Fuel surcharge waiver applicable only on POS swipe transactions, not online

Maximum fuel surcharge waiver of Rs. 100 per statement cycle

Milestone vouchers require annual spend of Rs. 3 lakhs

Key Benefits & Features

Welcome gift of 6000 bonus reward points (equivalent to Rs. 1500) on payment of annual fees, credited within 30 days.

10 Reward Points per Rs. 100 spent on Dining, Departmental Stores, Grocery & Movies. Max 7500 points per month.

Instant redemption of Reward Points at select BPCL petrol pumps.

Notable Exclusions

No reward points on mobile wallet uploads and non-BPCL fuel spends (only 1 base point per Rs. 100).

*Exclusions may apply to EMI transactions, fuel, and wallet reloads based on current bank policy.

Official Terms & Conditions

About BPCL SBI Card OCTANE

The BPCL SBI Card OCTANE is a premium co-branded fuel credit card designed for frequent BPCL petrol pump visitors and individuals with significant fuel expenses. Cardholders enjoy an impressive 7.25% value back on fuel purchases at BPCL petrol pumps, earned through 25X Reward Points on every Rs. 100 spent on BPCL fuel, lubricants, and Bharat Gas. New cardholders receive a welcome gift of 6,000 bonus reward points worth Rs. 1,500 upon payment of the annual fee. Beyond fuel, the card rewards everyday spending with 10 Reward Points per Rs. 100 at dining, departmental stores, grocery outlets, and movie theaters, capped at 7,500 points per month. A 1% fuel surcharge waiver applies on BPCL transactions up to Rs. 4,000, offering annual savings of up to Rs. 1,200. Reward Points can be instantly redeemed at select BPCL petrol pumps, adding real convenience at the pump. Additional perks include four complimentary domestic airport lounge visits per calendar year, milestone rewards of e-gift vouchers worth Rs. 2,000 from brands like Aditya Birla Fashion, Yatra, or Bata upon annual spends of Rs. 3 lakhs, a complimentary fraud liability cover of Rs. 1 lakh, and an annual fee waiver on spends of Rs. 2 lakhs. The card carries a joining and annual fee of Rs. 1,499.

Expert Review

Our Verdict

Best fuel card for BPCL loyalists with 25X reward points and 7.25% value back on fuel spends.

Frequently Asked QuestionsAbout BPCL SBI Card OCTANE

FEESWhat is the joining fee and annual fee for the BPCL SBI Card OCTANE?
The BPCL SBI Card OCTANE has a one-time joining fee of Rs. 1499 + GST and a renewal fee of Rs. 1499 + GST per annum from the second year onwards. However, the renewal fee is waived if your annual spends for the previous year are Rs. 2,00,000 or more. This makes it possible to enjoy the card's premium benefits without paying the annual fee if you meet the spending threshold.
BENEFITSWhat welcome gift do I get on the BPCL SBI Card OCTANE?
On payment of the joining fee, you receive 6,000 bonus reward points equivalent to Rs. 1,500 as a welcome gift. These reward points will be credited to your card account within 30 days of the annual fee payment. This effectively offsets a significant portion of the joining fee, making the card a valuable proposition right from the start.
REWARDSHow much value back do I get on BPCL fuel purchases?
You enjoy a 7.25% value back on fuel purchases at BPCL petrol pumps. This comprises 6.25% in the form of 25X reward points on every Rs. 100 spent, plus an additional 1% fuel surcharge waiver on every BPCL transaction up to Rs. 4,000 (exclusive of GST and other charges). The 25X reward points on BPCL fuel spends are capped at 2,500 reward points per billing cycle.
REWARDSHow many reward points do I earn on dining, groceries, and movies?
You earn 10 reward points on every Rs. 100 spent at Dining, Departmental Stores, Grocery, and Movies categories. This 10X reward earning is capped at 7,500 reward points per month. For all other retail purchases (excluding mobile wallet uploads and non-BPCL fuel spends), you earn 1 reward point per Rs. 100 spent. Note that 4 reward points are equal to Re. 1 in value.
REWARDSWhat is the reward rate for Bharat Gas purchases?
You earn 25 reward points on every Rs. 100 spent on Bharat Gas (available via website and app only). However, this accelerated 25X reward earning on Bharat Gas is capped at 500 reward points per billing cycle. Since 4 reward points equal Re. 1, this translates to a maximum of Rs. 125 worth of rewards on Bharat Gas per billing cycle.
BENEFITSWhat lounge access benefits does the BPCL SBI Card OCTANE offer?
The BPCL SBI Card OCTANE provides 4 complimentary visits per calendar year to domestic airport lounges in India, with a maximum of 1 visit per quarter. This benefit gives cardholders access to comfortable lounge facilities at domestic airports across India. For a complete list of eligible lounges, you can visit the SBI Card website.
BENEFITSWhat is the milestone benefit on the BPCL SBI Card OCTANE?
On achieving annual spends of Rs. 3 lakhs, you receive e-Gift Vouchers worth Rs. 2,000. You can choose from vouchers from Aditya Birla Fashion (redeemable at Louis Philippe, Van Heusen, Allen Solly, Peter England, Planet Fashion, Simon Carter), Yatra, or Bata/Hush Puppies. You will receive an SMS to choose your preferred e-voucher option within 20 days of eligible spends, and the voucher will be sent within 5 working days of selection.
BENEFITSHow does the fuel surcharge waiver work on the BPCL SBI Card OCTANE?
The BPCL SBI Card OCTANE provides freedom from the 1% fuel surcharge across all BPCL petrol pumps in India when you swipe your card at POS machines. The waiver is applicable on transactions up to Rs. 4,000 (exclusive of GST and other charges). The maximum fuel surcharge waiver is Rs. 100 per statement cycle per credit card account, which equals an annual saving of up to Rs. 1,200.
USAGEHow can I redeem reward points earned on the BPCL SBI Card OCTANE?
Reward points earned on the BPCL SBI Card OCTANE can be redeemed in two ways: instantly at select BPCL petrol pumps via POS redemption, or through the Shop & Smile Rewards Catalogue on the SBI Card website. For instant redemption at BPCL petrol pumps, you can refer to the retail outlet list available on the SBI Card website. Remember, 4 reward points equal Re. 1 in redemption value.
BENEFITSWhat fraud protection does the BPCL SBI Card OCTANE offer?
The BPCL SBI Card OCTANE comes with a complimentary Fraud Liability Cover of Rs. 1 lakh. This cover is valid for a period of 3 days prior to reporting of card loss to 7 days post reporting of loss. In case of card loss, you should immediately report it to the SBI Card helpline by calling 1800 180 1295 or 39 02 12 12 (with local STD code prefix).
FEESAre there any add-on card charges for the BPCL SBI Card OCTANE?
No, there is no fee for add-on cards on the BPCL SBI Card OCTANE. You can empower your family members — including parents, spouse, children, or siblings above the age of 18 years — with add-on cards at absolutely no extra cost. This allows your family to also benefit from the card's fuel rewards and other privileges.
INTERNATIONALCan I use the BPCL SBI Card OCTANE internationally?
Yes, the BPCL SBI Card OCTANE is an international credit card that can be used at over 24 million outlets worldwide, including 3,25,000 outlets in India. It runs on the Visa network, ensuring wide global acceptance. However, please note that the fuel surcharge waiver and BPCL-specific reward benefits are applicable only at BPCL petrol pumps in India. Foreign currency transactions may attract applicable forex charges.
APPLICATIONHow can I apply for the BPCL SBI Card OCTANE?
You can apply for the BPCL SBI Card OCTANE online through the SBI Card website (sbicard.com) by filling in your details such as your title, city, and verifying with an OTP. You can also track your application status on the website after applying. For assistance, you can contact SBI Card helpline at 39 02 02 02 (prefix local STD code) or 1860 180 1290.
USAGECan I convert large purchases into EMIs using the BPCL SBI Card OCTANE?
Yes, the BPCL SBI Card OCTANE offers a Flexipay facility that allows you to convert transactions of Rs. 2,500 or more into easy monthly installments. Simply log in to sbicard.com with your username and password within 30 days of the purchase to convert it into Flexipay. Additionally, you can transfer outstanding balances from other banks' credit cards through the Balance Transfer on EMI feature at a lower rate of interest.
USAGEHow does the contactless payment feature work on the BPCL SBI Card OCTANE?
The BPCL SBI Card OCTANE supports contactless payments via Visa payWave technology. You can simply wave your card at a secure contactless reader to complete transactions without handing over your card or handling cash. The card never leaves your hand, reducing the risk of fraud or skimming. Even if the card is accidentally waved multiple times, the unique security key feature ensures only one transaction goes through, keeping your payments secure.

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