BPCL SBI Card Octane
If you fill up at BPCL, the conversation is short — the Octane wins. At up to 7.25% value-back on BPCL fuel (25 reward points per ₹100, ~6.25% at ₹0.25/point, plus a 1% surcharge waiver, with the fuel reward capped at 2,500 points/month) it is the strongest card you can use at a BPCL pump — rival fuel co-brands are tied to other networks, so the choice really comes down to where you fill up. Unlike most single-purpose fuel cards it also earns 10X on dining, groceries, departmental stores and movies. The ₹1,499 fee has a clear ₹2 lakh-spend waiver, with 4 domestic lounge visits a year, a 6,000-point (~₹1,500) welcome benefit and a ₹2,000 e-gift voucher at ₹3 lakh of spend. For a BPCL household spending ₹4,000+/month on fuel, the fee is recovered within a quarter. It is strictly BPCL-network, with a poor 0.25% non-fuel base.
Key features
What this card is built to do — the highlights that actually matter.
Welcome Benefit
~₹1,500 in vouchers, points or cashback on card activation
6.25% on Fuel
25 RP per ₹100 (~6.25% at ₹0.25/point) + 1% surcharge waiver = up to 7.25%; fuel reward capped at 2,500 points a statement cycle. Reward earning stops at ₹10,000 of BPCL fuel a month, and the surcharge waiver does not apply to fuel paid by UPI on the RuPay variant
2.5% on Dining
10X (~2.5%) on dining and movies, capped at 7,500 points a month CUMULATIVELY across dining, movies, groceries and departmental stores, then 1 point per ₹100. We apply the cap per row, so a spender who maxes two categories is credited a little high
️ Airport Lounge Access
1 complimentary visits per quarter at domestic and international airport lounges
Annual Fee Waiver
Fee of ₹1,499 + 18% GST (₹1,769 all-in)/yr fully waived when you spend ₹2,00,000/year
Fuel Surcharge Waiver
1% waiver on fuel transactions, capped at ₹100/month
Milestone Bonus
~₹2,000 in bonus rewards on hitting annual spend milestones
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Fuel | reward points | 6.25% | ₹625 |
| Dining | reward points | 2.5% | ₹1,875 |
| Groceries | reward points | 2.5% | ₹1,875 |
| Other | reward points | 0.25% | — |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹1,769 |
| Joining fee (incl. 18% GST) | ₹1,769 |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1%, cap ₹100 |
Perks & benefits
Estimated annual value beyond rewards — ~₹7,200/yr in total.
️ lounge access ~ ₹4,000 /yr
4 complimentary domestic airport lounge visits a year (1 per quarter)
milestone bonus ~ ₹2,000 /yr
₹2,000 e-gift voucher on ₹3 lakh of annual spend. The 6,000-point welcome is paid on the joining fee, not on spend, and is carried in the fee block
fuel waiver ~ ₹1,200 /yr
1% fuel surcharge waiver on BPCL transactions up to ₹4,000, capped at ₹100 per statement cycle (about ₹1,200 a year). Not available on fuel paid by UPI on the RuPay variant
Spend milestone
· ₹3,00,000 a year ₹2,000 of value
Should you get it?
Best for: Daily BPCL pump user spending ₹3,000+/month on fuel, Long-distance driver on BPCL-dense highway routes, Mumbai or Pune commuter where BPCL Speed outlets are prevalent, Wants a dedicated fuel card with strong dining and entertainment earn on the side
Mid tier — a solid all-rounder for steady monthly spend.
Strongest value if you spend heavily on Fuel ( 6.25% back).
Frequent travellers benefit from the included airport lounge access.
✓ Pros
- 7.25% effective value on BPCL fuel — 25 reward points per ₹100 worth ₹0.25 each + 1% surcharge waiver
- A ₹5,000/month BPCL fuel spend returns ₹4,350/year — breaking even vs the ₹1,499 fee in 5 months
- Strong dining and movies rewards beyond fuel — a card you will carry for everyday use, not just at pumps
- BPCL is India's second-largest fuel retail network — widely available across cities and highways
✕ Cons
- Full value only at BPCL pumps — HPCL or IOCL users should choose the corresponding co-branded card
- Reward points redeemable via SBI Card portal — not direct fuel credits, need portal redemption
- ₹1,499 annual fee, reversed on ₹2 lakh of annual spend
Eligibility & documents
Min. income
₹30,000 /mo
Employment
Salaried · Self-employed
Documents required
- PAN card
- Aadhaar / address proof
- Income proof (salary slips or ITR)
How to redeem rewards
Ways to convert what you earn into real value.
🎁 Redeem reward points against fuel at BPCL outlets at ₹0.25 per point (best value)
🎁 Catalogue vouchers and products via the SBI Card rewards platform
What your SBI Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Statement credit BEST Capped at 60,000 pts/month from Apr 2026
Rewards catalogue / vouchers BEST Vouchers & merchandise
The concern Locked to BPCL pumps, the fuel reward is capped at 2,500 points/month, and the non-fuel base is just 0.25% — pair it with a generalist for everything off the 10X categories.
The bottom line
This card earns its reputation as the fuel-card benchmark — up to 7.25% back on BPCL fuel (capped at 2,500 points a month), a real 10X rate on dining, groceries and movies, plus a ₹2 lakh spend waiver and lounge access thrown in. A household filling up regularly at BPCL will see the fee pay for itself within a quarter. The two real constraints are that it's locked to the BPCL network and the non-fuel base rate of 0.25% is unremarkable.
Sources & verification
Fees, reward rates, and benefits for the BPCL SBI Card Octane are taken from SBI Card 's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page . Last verified 15 Aug 2026 . Reviewed by Devchandra Sah . Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for SBI Card . All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2020 · 3 changes · last change Dec 2024
▲ Revaluation ▼ Devaluation ◆ Neutral / reversed
2024 2 changes — 2 cuts
▼ Fee Effective 1 Dec 2024
1% fee introduced on large utility-bill payments
No fee on utility payments → 1% fee when utility payments exceed ₹50,000 in a billing cycle
From 1 December 2024 SBI Card applied a 1% fee on the total utility-bill payments in any billing cycle whose utility spends exceed ₹50,000 — a portfolio-wide change that also applies to the OCTANE. Below ₹50,000 per cycle there is no charge.
Verification: SBI Card ↗ · Confidence: High
▼ Reward Observed 15 Mar 2024 · Effective 15 Apr 2024
Reward points on rent payments withdrawn
Reward points earned on rent payments → No reward points on rent payments
Under a 15 March 2024 notice, SBI Card stopped accruing reward points on rent transactions (Merchant Code 6513) across its co-brand portfolio from 15 April 2024 — the BPCL SBI Card OCTANE was among the named affected cards. A niche category for a fuel card, but it closed a common points-farming route.
Verification: SBI Card ↗ · Confidence: High
2020 1 change — 1 neutral
◆ Launch Effective 15 Dec 2020
BPCL SBI Card OCTANE launched
SBI Card and BPCL launched the OCTANE as the premium successor to the BPCL SBI Card — up to 7.25% value-back on BPCL fuel and lubricant spends (25 reward points per ₹100, ~6.25%, plus a 1% fuel-surcharge waiver, fuel reward capped 2,500 points/month), 10X points on dining, movies, groceries and departmental stores, 4 complimentary domestic airport lounge visits a year (1 per quarter) and a 6,000-point (~₹1,500) welcome benefit on joining-fee payment. Joining/renewal fee ₹1,499 + GST, reversed at ₹2 lakh annual spend.
Verification: Bharat Petroleum (BPCL) ↗ · Confidence: High
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
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Source: BPCL SBI Card Octane value timeline — CardAdvisor
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Source: BPCL SBI Card Octane value timeline , CardAdvisor (CC BY 4.0).
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Quick summary
Type Mid credit card
Reward rate 0.25%–6.25%
Best for Daily BPCL pump user spending ₹3,000+/month on fuel
Joining fee ₹1,499
Annual fee ₹1,499
Reviewed by
Devchandra Sah · Cards tested, miles earned, trips booked — for over a decade
Last verified 15 Aug 2026
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