RewardMatrix

The BPCL SBI Card Octane is a co-branded fuel credit card designed for individuals who frequently spend on fuel at BPCL petrol pumps. Its key highlight is the 7.25% value back on fuel purchases, combining 6.25% reward points and a 1% fuel surcharge waiver. The card also offers accelerated reward points on groceries, departmental stores, movies, and dining, making it a versatile option for everyday spending. Additional perks include complimentary domestic lounge access and a milestone benefit. While the annual fee is relatively high, it can be waived off by meeting the spending criteria. This card is best suited for those who prioritize fuel savings and can maximize the benefits offered at BPCL outlets. The substantial value back on fuel can lead to significant savings over time, especially for those with high fuel expenses. The accelerated rewards on other categories further enhance the card's value proposition, making it a suitable option for regular spending as well. While the BPCL SBI Card Octane offers attractive benefits for fuel and other spending categories, it's important to consider the annual fee and the restriction of fuel benefits to BPCL pumps. If your spending habits align with the card's offerings and you can meet the annual fee waiver criteria, the BPCL SBI Card Octane can be a valuable addition to your wallet.

Intro Offers

6,000 bonus reward points worth Rs. 1,500

Condition: On payment of joining fee.

Fees

Annual Fee

₹1.5K

Waived off after spending ₹2L

Joining Fee

₹1.5K

Forex Fee

3.5%

Eligibility

#1
Age
21-70 years
#2
Occupation
Salaried and Self-employed
#3
Location
Serviceable in select cities across India. Check the official website for the complete list.

Reward Points

25%

Total BPCL fuel spend in a billing cycle

25.00 Reward Points for every ₹100 spent

25%

Total Bharat Gas spend in a billing cycle (Website & App only)

25.00 Reward Points for every ₹100 spent

10%

Total spend on groceries, dining, and movies in a month

10.00 Reward Points for every ₹100 spent

Total other retail spend in a month (excluding fuel)

1.00 Reward Points for every ₹100 spent

Examples:

Spend Rs. 4,000 on BPCL fuel and earn 1,000 Reward Points + Rs. 40 fuel surcharge waiver.
Spend Rs. 2,000 on Bharat Gas (Website & App) and earn 500 Reward Points.
Spend Rs. 10,000 on groceries and earn 1,000 Reward Points.
Spend Rs. 5,000 on dining and earn 500 Reward Points.
Spend Rs. 2,000 on movie tickets and earn 200 Reward Points.
Spend Rs. 1,000 on other retail purchases and earn 10 Reward Points.

Exclusions:

Fuel spends done using UPI functionality on SBI Credit Card (on RuPay platform) at BPCL petrol pumps

Balance transfers

E-wallet loading/recharge transactions

Financial charges

Disputed transactions

Cash advances

Any purchases at petrol pumps/ service stations (excluding BPCL)

Flexipay

Merchant EMI

Rent payments

Milestones

Milestone #1

E-gift voucher worth Rs. 2,000 from select brands.

Spend Rs. 3 lakh or more in a year and get an e-gift voucher worth Rs. 2,000.

Redemptions

No redemption options available for this card.

Rewards Calculator

ON MONTHLY SPEND

Reset

37KYour monthly expenditure

Total BPCL fuel spend in a billing cycle (₹)

25.00% rewards

Total Bharat Gas spend in a billing cycle (Website & App only) (₹)

25.00% rewards

Total spend on groceries, dining, and movies in a month (₹)

10.00% rewards

Total other retail spend in a month (excluding fuel) (₹)

1.00% rewards

REWARD POINTS EARNED

0 Reward Points earned per year

POINT REDEMPTION OPTIONS

0 Worth of gift vouchers

Lounge Access

Domestic

4 complimentary visits per calendar year to domestic VISA lounges in India (Maximum 1 visit allowed per quarter).

Condition: Spend a minimum amount on the card or maintain a specific account balance.

International

Does not offer complimentary International Lounge access.

Discounts

Dining

No Dining discounts on this card

Fuel

1% fuel surcharge waiver at all fuel stations across India, up to Rs. 4,000 per transaction. Maximum surcharge waiver of Rs. 100 per month.

Conditions:

Transactions between Rs. 400 and Rs. 4,000.
Maximum waiver of Rs. 100 per billing cycle.

Movie

No Movie discounts on this card

Insurance Coverage

No insurance coverage available on this card.

Other Features

EMI Conversion

Purchases worth Rs. 2,500 or more can be converted into easy EMIs via the Flexipay option.

Fraud Protection

Complimentary fraud liability cover of Rs. 1 lakh.

Pros & Cons

PROS

High Value Back on Fuel
7.25% value back on fuel purchases at BPCL petrol pumps (6.25% as reward points + 1% fuel surcharge waiver).
Accelerated Rewards
Up to 25X reward points on fuel and Bharat Gas spends, and 10X reward points on groceries, departmental stores, movies, and dining.
Welcome Bonus
6,000 bonus reward points worth Rs. 1,500 on payment of joining fee.
Annual Fee Reversal
Annual fee reversed on spending Rs. 2 lakh in a year.
Lounge Access
4 complimentary domestic airport lounge visits per calendar year.

CONS

Limited Fuel Benefits
Fuel benefits are limited to BPCL petrol pumps only.
Capped Surcharge Waiver
Fuel surcharge waiver capped at Rs. 100 per month.
Low Rewards on Other Spends
Lower reward rate on non-fuel retail purchases.
Annual Fee
Relatively high annual fee of Rs. 1,499.

Who should get this card

This card is ideal for individuals who frequently purchase fuel at BPCL petrol pumps and are looking for a high value back on their fuel expenses. It's also suitable for those who spend regularly on groceries, dining, movies, and departmental stores.