State Bank of IndiaBPCL SBI Octane Credit Card – Benefits, Fees & Eligibility
Is the BPCL SBI Octane Credit Card Right for You?
The BPCL SBI Octane Credit Card is best suited for users who prioritize Fuel, Dining, Travel. With a joining fee of ₹1,499 + GST and a renewal fee of ₹1,499 + GST, this card is positioned for cardholders who can maximize its benefits to justify the cost. It offers Reward Points as its primary reward mechanism, with a rewards rate of Earn 25 Reward Points per ₹100 on BPCL fuel, lubricants, and Bharat Gas (website/app only, max 2,500 RPs/month for fuel, 500 RPs/month for Bharat Gas). Get 10 RPs per ₹100 on dining, departmental stores, groceries, and movies (max 7,500 RPs/month). Earn 1 RP per ₹100 on all other retail spends (excluding mobile wallet uploads and non-BPCL fuel)..
Key Card Details
₹1,499 + GST
₹1,499 + GST
Reward Points
3.5% of the transaction amount.
Notable Perks
Domestic Lounge Access
Enjoy 4 complimentary domestic airport lounge visits per calendar year, with a maximum of 1 visit per quarter.
Insurance Coverage
Complimentary Fraud Liability Cover of ₹1 Lakh.
Spend-Based Waiver
The annual renewal fee is waived on an annual expenditure of ₹2,00,000 or more in the preceding year.
Movie Benefits
Earn 10 Reward Points for every ₹100 spent on movie tickets, capped at 7,500 RPs per month across dining, departmental stores, groceries, and movies.
Things to Consider
A reward redemption fee of ₹99 + taxes applies to most redemption requests, except for fuel.
No international lounge access or specific international travel benefits.
Reward points for fuel and other categories are capped monthly.
Benefits & Features
Welcome Offer
Get 6,000 bonus Reward Points worth ₹1,500 on payment of the annual fee, credited within 30 days.
Rewards Rate
Earn 25 Reward Points per ₹100 on BPCL fuel, lubricants, and Bharat Gas (website/app only, max 2,500 RPs/month for fuel, 500 RPs/month for Bharat Gas). Get 10 RPs per ₹100 on dining, departmental stores, groceries, and movies (max 7,500 RPs/month). Earn 1 RP per ₹100 on all other retail spends (excluding mobile wallet uploads and non-BPCL fuel).
Reward Type
Reward Points
Reward Redemption
Reward Points can be redeemed instantly for fuel at select BPCL stations, against statement bills (by contacting customer care), or for products and vouchers via SBI's Shop & Smile catalogue. 4 Reward Points = ₹1. Points expire after 24 months.
Domestic Lounge Access
Enjoy 4 complimentary domestic airport lounge visits per calendar year, with a maximum of 1 visit per quarter.
Insurance Coverage
Complimentary Fraud Liability Cover of ₹1 Lakh.
Movie Benefits
Earn 10 Reward Points for every ₹100 spent on movie tickets, capped at 7,500 RPs per month across dining, departmental stores, groceries, and movies.
Dining Benefits
Earn 10 Reward Points for every ₹100 spent on dining, capped at 7,500 RPs per month across dining, departmental stores, groceries, and movies.
Fees & Charges
Joining Fee
₹1,499 + GST
Renewal Fee
₹1,499 + GST
Spend-Based Waiver
The annual renewal fee is waived on an annual expenditure of ₹2,00,000 or more in the preceding year.
Foreign Currency Markup
3.5% of the transaction amount.
Interest Rates
3.75% per month (45% per annum).
Fuel Surcharge Waiver
1% fuel surcharge waiver on fuel transactions up to ₹4,000 at all petrol pumps across India (max waiver of ₹100 per month, equivalent to ₹1,200 annual savings).
Cash Advance Charges
2.5% of the withdrawn amount (minimum ₹500).
Rewards Redemption Fee
₹99 + applicable taxes per redemption request (not applicable for fuel redemption at BPCL pumps).
Pros & Cons
Pros
Key benefits and features of this card.
High value back of 7.25% on fuel purchases at BPCL stations.
Accelerated 10X Reward Points on dining, movies, groceries, and departmental stores.
Complimentary domestic airport lounge access (4 visits annually).
Valuable welcome benefit of 6,000 Reward Points worth ₹1,500.
Opportunity to earn e-Gift Vouchers worth ₹2,000 on achieving annual spend milestones.
Cons
Key drawbacks and limitations of this card.
A reward redemption fee of ₹99 + taxes applies to most redemption requests, except for fuel.
No international lounge access or specific international travel benefits.
Reward points for fuel and other categories are capped monthly.
The annual fee is higher than the base BPCL SBI Card variant.
Product Details
Contactless payment facility for quick and secure transactions.
Globally accepted at over 24 million outlets, including 3,25,000 in India.
Convert eligible purchases of ₹2,500 or more into easy EMIs with Flexipay.
Provide add-on cards for family members (parents, spouse, children, siblings above 18).
Utilize Easy Bill Pay for utility bills like electricity, telephone, and mobile.
Transfer outstanding balances from other bank credit cards to this card at lower interest rates via Balance Transfer on EMI.
Earn e-Gift Vouchers worth ₹2,000 from brands like Aditya Birla Fashion or Yatra on annual spends of ₹3 Lakhs.
Instant redemption of Reward Points at select BPCL petrol pumps.
Benefits & Features
Welcome Offer
Get 6,000 bonus Reward Points worth ₹1,500 on payment of the annual fee, credited within 30 days.
Rewards Rate
Earn 25 Reward Points per ₹100 on BPCL fuel, lubricants, and Bharat Gas (website/app only, max 2,500 RPs/month for fuel, 500 RPs/month for Bharat Gas). Get 10 RPs per ₹100 on dining, departmental stores, groceries, and movies (max 7,500 RPs/month). Earn 1 RP per ₹100 on all other retail spends (excluding mobile wallet uploads and non-BPCL fuel).
Reward Type
Reward Points
Reward Redemption
Reward Points can be redeemed instantly for fuel at select BPCL stations, against statement bills (by contacting customer care), or for products and vouchers via SBI's Shop & Smile catalogue. 4 Reward Points = ₹1. Points expire after 24 months.
Domestic Lounge Access
Enjoy 4 complimentary domestic airport lounge visits per calendar year, with a maximum of 1 visit per quarter.
Insurance Coverage
Complimentary Fraud Liability Cover of ₹1 Lakh.
Movie Benefits
Earn 10 Reward Points for every ₹100 spent on movie tickets, capped at 7,500 RPs per month across dining, departmental stores, groceries, and movies.
Dining Benefits
Earn 10 Reward Points for every ₹100 spent on dining, capped at 7,500 RPs per month across dining, departmental stores, groceries, and movies.
What matters, explained clearly
Introduction
The BPCL SBI Octane Credit Card, launched by SBI Card, is an enhanced version of its popular BPCL SBI Credit Card, specifically designed for individuals with significant fuel expenses, particularly at Bharat Petroleum stations. This card stands out by offering a high 7.25% value back on BPCL fuel purchases, making it one of the most rewarding options in the market for motorists.
Beyond its primary fuel benefits, the BPCL SBI Octane Credit Card also caters to lifestyle spending with accelerated reward points on dining, movie tickets, groceries, and departmental stores. Additionally, it provides valuable travel perks, including complimentary access to domestic airport lounges, positioning it as a versatile card for both daily expenditures and domestic travel needs.
Welcome Benefits
As a welcome gesture, cardholders receive 6,000 bonus Reward Points, equivalent to ₹1,500, upon the realization of the annual membership fee. These bonus points are credited to the cardholder's account within 30 days of the annual fee payment.
Fees
- Joining Fee: ₹1,499 + GST
- Renewal Fee: ₹1,499 + GST (waived on annual expenditure of ₹2,00,000 or more in the preceding year)
- Rewards Redemption Fee: ₹99 + applicable taxes per redemption request. This fee is not applicable when redeeming Reward Points for fuel at BPCL petrol pumps.
- Foreign Currency Markup: 3.5% of the transaction amount.
- Interest Rates: 3.75% per month (45% per annum) on revolving credit.
- Fuel Surcharge Waiver: A 1% fuel surcharge waiver is applicable on fuel transactions up to ₹4,000 at all petrol pumps across India. The maximum waiver is capped at ₹100 per month, which can lead to annual savings of up to ₹1,200.
- Cash Advance Charges: 2.5% of the withdrawn amount, subject to a minimum charge of ₹500.
Rewards
The BPCL SBI Octane Credit Card offers a robust reward program tailored for high-value back on fuel and accelerated earnings on lifestyle categories:
- BPCL Fuel & Gas: Earn 25 Reward Points for every ₹100 spent on BPCL fuel, lubricants, and Bharat Gas (via website and app only). Fuel purchases are capped at a maximum of 2,500 Reward Points per billing cycle, while Bharat Gas spends are capped at 500 Reward Points per billing cycle. This translates to a 6.25% reward rate on BPCL fuel, combined
Frequently Asked Questions
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