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BPCL SBI Octane Credit Card vs IndianOil HDFC Bank Credit Card

A detailed, side-by-side look at 2 leading credit cards. Analyze the features that matter most to you and make an informed choice.

Features

BPCL SBI Octane Credit Card
BPCL SBI Octane Credit Card
IndianOil HDFC Bank Credit Card
IndianOil HDFC Bank Credit Card

Fees & Charges

Joining Fee
₹1,499 + GST
₹500 + GST
Renewal Fee
₹1,499 + GST
₹500 + GST
Spend Based Waiver
Renewal fee waived if annual spends for the preceding year are ₹2,00,000 or more.
Joining fee waived on ₹20,000 spend in 90 days. Renewal fee waived on ₹50,000 annual spend.
Foreign Transaction Fees
3.5% of the transaction amount is charged as foreign currency markup.
3.5% markup on all international and cross-currency transactions.
Interest Rate (APR)
3.75% per month (equivalent to 45% per annum) on outstanding balances.
3.75% per month (45% per annum) on revolving credit balance.

Rewards & Benefits

Welcome Bonus
Get 6,000 bonus reward points (worth ₹1,500) on payment of the annual fees, credited within 30 days.
Complimentary IndianOil XTRAREWARDS Program (IXRP) membership on joining.
Rewards Rate
Earn 25 RPs on ₹100 at BPCL fuel; 10 RPs on ₹100 for Dining/Movies/Grocery; 1 RP on ₹100 general.
Earn 5% Fuel Points on IndianOil spends, groceries & bill payments; 1 FP for every ₹150 on other spends.
Reward Type
Reward Points
Fuel Points
Reward Redemption Fee
₹99 + taxes per redemption request, waived for instant redemption at BPCL fuel stations.
₹99 + GST applies for reward point redemption.

Travel & Lifestyle

Domestic Lounge Access
4 complimentary visits per calendar year to Domestic VISA lounges, limited to 1 visit per quarter.
Not Applicable
International Lounge Access
Not Applicable
Travel Benefits
Enjoy 4 complimentary domestic airport lounge accesses annually (1 per quarter) for convenient travel.
Not Applicable
Movie Benefits
Earn 10 Reward Points on every ₹100 spent on movies, capped at 7,500 RPs per month.
Not Applicable
Dining Benefits
Earn 10 Reward Points on every ₹100 spent on dining, capped at 7,500 RPs per month.
Not Applicable
Golf Benefits
Not Applicable
Fuel Surcharge Waiver
1% fuel surcharge waiver up to ₹100/cycle on transactions up to ₹4,000 at BPCL.
1% waiver on fuel transactions (min ₹400), capped at ₹250 per statement cycle.

Security & Other

Insurance Benefits
Complimentary Fraud Liability Cover of ₹1 Lakh, valid for 3 days prior to reporting loss.
Zero Lost Card Liability protection against fraudulent transactions upon reporting card loss.
Cash Advance Charges
2.5% of withdrawn amount, with a minimum charge of ₹500, applies to cash advances.
2.5% of amount withdrawn, minimum ₹500, for cash advance transactions.

BPCL SBI Octane Credit Card

IndianOil HDFC Bank Credit Card

Who is it for?

Who is it for?

Pros

Key benefits and features.

Exceptional 7.25% value back on fuel at BPCL, making fuel expenses highly rewarding.

Provides 4 complimentary domestic airport lounge accesses annually, rare for this segment.

Accelerated rewards on dining, movies, and groceries offer significant savings on lifestyle spends.

Annual fee is easily waivable with a reasonable spend, enhancing long-term value.

Comes with a complimentary Fraud Liability Cover of ₹1 Lakh for added security.

Pros

Key benefits and features.

RuPay network enables seamless linkage to UPI applications for mobile payments.

Offers a high reward rate for fuel redemption through IXRP, valuing 1 FP at ₹0.96.

Provides potential for both joining and renewal fee waivers based on annual spending.

Opportunity to earn up to 50 litres of free fuel annually with continued usage.

Cons

Key drawbacks and limitations.

A ₹99 fee is charged for most reward point redemptions, except instant fuel payments.

Fuel benefits are limited only to BPCL stations, reducing flexibility for other brands.

Reward points on Bharat Gas spends are capped at a relatively low 500 points per cycle.

High foreign currency markup of 3.5% makes international transactions less attractive.

Cons

Key drawbacks and limitations.

Initial cap on accelerated fuel rewards at IndianOil outlets limits benefits for high spenders.

Reward accrual on groceries and bill payments is capped at 100 Fuel Points per month.

Lower redemption value (1 FP = ₹0.20) for cashback or catalogue products.

Ready to Choose?

Based on your comparison, select the credit card that best matches your spending habits and financial goals.