SBI BPCL Octane Credit Card

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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.

Features and Benefits

Features and benefits available in this credit card

Cashback
Reward Points
Airmiles
Airport Lounge
Utility Bills
Insurance
NPS
Education
Government Payment
Fuel
Rent
Giftcards
Jewellery
Wallet Load
Rewards on EMI
Welcome Bonus
Travel
Dining
Shopping
Interest

Joining and Renewal Benefits

Joining Benefits: Get 6,000 bonus Reward Points equivalent to Rs.1,500 (1 Reward Point = Rs.1) on the payment of joining fee. These reward points can be instantly redeemed at BPCL fuel stations for payment of fuel.

Renewal Benefits: There is no renewal benefit. However, renewal fee is waived-off if spend in the previous year is more than Rs.2 Lacs.

Cashback and Rewards

  • 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.
  • 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.
  • 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

Lifestyle Benefits

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

Fuel Surchage Waiver

1% fuel surcharge waiver on all fuel transactions upto Rs.4,000. Maximum fuel surcharge waiver is Rs.100 per monthly billing cycle.

Forex Mark-up charges

  • 4.13% Forex Mark-up charges including GST on  international online and offline transactions

Joining and Renewal Benefits

Joining Benefits: Get 6,000 bonus Reward Points equivalent to Rs.1,500 (1 Reward Point = Rs.1) on the payment of joining fee. These reward points can be instantly redeemed at BPCL fuel stations for payment of fuel.

Renewal Benefits: There is no renewal benefit. However, renewal fee is waived-off if spend in the previous year is more than Rs.2 Lacs.

Cashback and Rewards

  • 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.
  • 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.
  • 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

Lifestyle Benefits

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

Fuel Surchage Waiver

1% fuel surcharge waiver on all fuel transactions upto Rs.4,000. Maximum fuel surcharge waiver is Rs.100 per monthly billing cycle.

Forex Mark-up charges

  • 4.13% Forex Mark-up charges including GST on  international online and offline transactions

Reward 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.

Fee and Charges

Think of these as small investments to keep your credit card running smoothly.

Joining fee
(INR including GST)
₹ 1769
Renewal fee
(INR including GST)
₹ 1769
Annual Spend Target
for Renewal Fee Waiver (INR)
₹ 200000

Pros

Aspects that make this credit card amazing.

  • 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

Aspects this credit card lacks.

  • 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.

Spend Categories with No Cashback / Rewards

No reward points on following.

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

Add-on Cards

Free add-on credit cards available for spouse, brother, sister, son, daughter, mother, father. Add-on card member must be above 18 years of age.

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

Upcoming Changes

N/A

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Rating & Leave your comment here about this credit card

(4/5)

SpendWisely’s Rating for this Credit Card

(4/5)

Ratings you can trust: honest, unbiased, and backed by SpendWisely’s expertise.

Reward Value
(5)
Lifestyle Benefits
(4)
Ease of Reward Redemption
(4)
Value for Money
(4)
Customer Service
(3)

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.

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(3.8/5)
Cashback
Reward Points
Airmiles
Airport Lounge
Joining fee
(INR including GST)
₹ 589
Renewal fee
(INR including GST)
₹ 589
Base Reward Rate
1%
Accelerated Reward Rate
7%
(3.8/5)
Cashback
Reward Points
Airmiles
Airport Lounge
Additional Details...
Joining fee
(INR including GST)
₹ 589
Renewal fee
(INR including GST)
₹ 589
Base Reward Rate
1%
Accelerated Reward Rate
7%
Full Details
(4/5)
Cashback
Reward Points
Airmiles
Airport Lounge
Joining fee
(INR including GST)
₹ 590
Renewal fee
(INR including GST)
₹ 590
Base Reward Rate
0.5%
Accelerated Reward Rate
5%
(4/5)
Categories:
Cashback
Reward Points
Airmiles
Airport Lounge
Additional Details...
Joining fee
(INR including GST)
₹ 590
Renewal fee
(INR including GST)
₹ 590
Base Reward Rate
0.5%
Accelerated Reward Rate
5%
Full Details
(4/5)
Cashback
Reward Points
Airmiles
Airport Lounge
Joining fee
(INR including GST)
₹ 1770
Renewal fee
(INR including GST)
₹ 1770
Base Reward Rate
1%
Accelerated Reward Rate
7.5%
(4/5)
Cashback
Reward Points
Airmiles
Airport Lounge
Additional Details...
Joining fee
(INR including GST)
₹ 1770
Renewal fee
(INR including GST)
₹ 1770
Base Reward Rate
1%
Accelerated Reward Rate
7.5%
Full Details
(2.6/5)
Cashback
Reward Points
Airmiles
Airport Lounge
Joining fee
(INR including GST)
₹ 590
Renewal fee
(INR including GST)
₹ 590
Base Reward Rate
0.5%
Accelerated Reward Rate
6%
(2.6/5)
Categories:
Cashback
Reward Points
Airmiles
Airport Lounge
Additional Details...
Joining fee
(INR including GST)
₹ 590
Renewal fee
(INR including GST)
₹ 590
Base Reward Rate
0.5%
Accelerated Reward Rate
6%
Full Details
(3.2/5)
Cashback
Reward Points
Airmiles
Airport Lounge
Joining fee
(INR including GST)
₹ 590
Renewal fee
(INR including GST)
₹ 590
Base Reward Rate
0.2%
Accelerated Reward Rate
4%
(3.2/5)
Categories:
Cashback
Reward Points
Airmiles
Airport Lounge
Additional Details...
Joining fee
(INR including GST)
₹ 590
Renewal fee
(INR including GST)
₹ 590
Base Reward Rate
0.2%
Accelerated Reward Rate
4%
Full Details
(3.6/5)
Cashback
Reward Points
Airmiles
Airport Lounge
Joining fee
(INR including GST)
₹ 589
Renewal fee
(INR including GST)
₹ 589
Base Reward Rate
0.25%
Accelerated Reward Rate
3.25%
(3.6/5)
Categories:
Cashback
Reward Points
Airmiles
Airport Lounge
Additional Details...
Joining fee
(INR including GST)
₹ 589
Renewal fee
(INR including GST)
₹ 589
Base Reward Rate
0.25%
Accelerated Reward Rate
3.25%
Full Details

Domestic Airport Lounge Access

Not Available

International Airport Lounge Access

Not Available

Airport Spa Access

Not Available

Airport Meet & Greet Service

Not Available

Railway Lounge

Not Available

Movie Tickets

Not Available

Dining Benefit

Not Available

Golf

Not Available

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SBI BPCL Octane Credit Card

SBI BPCL Octane Credit Card

(4/5)
Best For: