SBI BPCL Octane Credit Card

Overview

Updated On: August 24, 2026 | AB Published by: Amit B | 3 min read

SBI BPCL Octane Credit Card is co-branded credit card between Bharat Petroleum (BPCL) and SBI. As the name suggests, its premium fuel credit card which is specifically made to benefit BPCL customers. This credit card is considered as one of the best fuel credit cards currently available in India as it offers as high as 6.25% cashback on spend on fuel, LPG gas and other related products on Bharat Petroleum (BPCL) outlets.So, if you have regular spend on fuel (Rs.4,000 per month or more), you can consider this credit card.

Pros

Very high reward rate on fuel
Reward points directly redeemable to pay for fuel which makes it equivalent to cash.
Free domestic Airport lounge access with wide network of airports, no minimum spend requirement to access free airport lounges

Cons

No renewal benefit against renewal fee. So, card may not be useful for someone who is having less than Rs.2,500 spend per month on fuel.

Fees & Charges

Joining / Annual Fee ₹ 1,769

Renewal Fee ₹ 1,769

Annual Spend Target for Fee Waiver ₹ 200,000

Minimum Annual Income Required ₹ 360,000

Rewards and Benefits

Reward Rate

Base Reward Rate: 0.25% ; Accelerated Reward Rate: 6.25%

Base Reward Rate

2.25%

Accelerated Reward Rate

6.25%

Welcome Benefits

6000 bonus reward points equivalent to Rs.1500 on payment of annual fees

Renewal Benefits

No Renewal Benefits

Rewards & Cashback Details

Fuel: 25x Reward Points on spend on fuel at BPCL fuel station, maximum 2,500 reward points per monthly billing cycle. It mean, you earn reward points on spend upto Rs.10,000 per month. This is a 6.25% valueback.
Fuel Surcharge Waiver: In addition, you get 1% fuel surcharge waiver on all fuel transactions upto Rs.4,000. Maximum fuel surcharge waiver is Rs.100 per monthly billing cycle.
BPCL LPG Gas (Bharat Gas): 25x Reward Points on spend on Bharat Gas at BPCL App. Maximum 500 reward points per monthly billing cycle. It means, you earn reward points on spend upto Rs.2,000 per monthly billing cycle on Bharat Gas through BPCL App. This is a 6.25% valueback.
Accelarated Rewards: 10 Reward Points on every Rs 100 spent at dining, departmental stores, grocery & movies. A maximum of 7,500 Reward Points per month. That is upto Rs 30,000 spend per month can be availed in a month. This is 2.5% valueback.
Base Rewards: 1 Reward Points on Rs.100 spend on other spend categories ( = 0.25% valueback).
Milestone Benefits: A brand-voucher of Rs. 2,000 from Aditya Birla Fashion, Yatra, Urban Ladder, Hush Puppies or Bata on annual spends of Rs. 3 lakh

Rewards Redemption

Reward Points can be redeemed in following manners

Best Value: Make full or partial payment of fuel at BPCL outlet using Reward Points (1 Point = Rs.0.25). Simply, swipe your credit card at POS machine. It will show Reward Points redemption option. Before, swiping, just tell the BPCL guy that you would want to redeem reward points for fuel payment.
Reward Catalogue: Redeem reward points to get products and brand-vouchers from SBI Reward Catalogue. However, the value of points will be very low in this option. So, this option to redeem points, is not recommended. To access SBI Rewards Portal, Click here.

Additional Benefits

Domestic Airport Lounge

Dining Benefits

International Airport Lounge

Railway Lounge Access

Movie Benefits

Golf Benefits

Lifestyle Benefits Details

Airport Lounge Access: 4 Domestic Airport Lounge Access per year (Maximum 1 per quarter). For list of lounges, Click here
Fraud Liability Insurance: Get complimentary Fraud Liability Insurance cover of Rs.1 Lakh in case of credit card fraud.

Features & Benefits

Reward Points

Airport Lounge

Utility Bills

Insurance

NPS

Education

Government Payment

Fuel

Gift Cards

Jewellery

Rewards on EMI

Cashback

Airmiles

Rent

Wallet Load

No Cashback / Rewards Categories

No reward points on following.

Rent payment
e-Wallet loading
Fuel spend except BPCL outlets.

Ratings & Reviews

4

Overall Rating

Reward Rate

5/5

Lifestyle Benefits

4/5

Ease of Reward Redemption

4/5

Value For Money

4/5

Customer Service

3/5

Detailed Review

SBI BPCL Octane Credit Card is a highly rewarding fuel focused credit card. It is useful if your average fuel spend is more than Rs.4,000 per month and you usually get the fuel for your vehicles from BPCL outlets (Bharat Petroleum). As this credit card does not offer any renewal benefit, you need to spend Rs.29,500 to recover the Renewal Fee. Therefore, to get a meaningful benefit, there must be more than Rs.4,000 per month spend on fuel, BPCL LPG gas and other BPCL products. On top of that, it also provides free airport lounge access with a very wide network of lounges. This may be a very useful benefit for people who travel through air and does not have any premium or super premium credit card.Overall, this card is useful for high fuel spender on BPCL outlets.

Eligibility & Important Info

Eligibility Criteria

Age: 18 years or above
Income: Rs.30,000 monthly in-hand salary or an ITR of 3,60,000.
For resident Indian only

Important Links

List of Domestic Airport Lounges accessible using this credit card: Click here
List of BPCL Outlets wherein you can redeem your reward points against payment for fuel: Click here
List of BPCL Outlets wherein you can redeem e-voucher received as Joining Benefit: Click here
SBI Rewards Portal: Click here