BPCL SBI Card OCTANE review
SBI Card · Visa · points Partly verified Checked 30 Oct 2026
Verify before applying. We read 6 issuer documents for this card (SBI Card BPCL SBI Card OCTANE product page; SBI Card domestic lounge program), but some figures are not confirmed in the bank's own terms. Check the issuer's current terms (MITC) first; every source is listed at the bottom with its check date.
At a glance
- Annual fee
- ₹1,499
- Joining fee
- ₹1,499
- Fee waiver
- ₹2,00,000 a year
- Base return
- 0.25% base
- Point value
- ₹0.25 per point
- Domestic lounge
- Official: 4 complimentary domestic Visa-lounge visits per calendar year, max 1 per quarter; Octane is on SBI Set A lounge list (w.e.f. 10 Jan 2026)
- International lounge
- None found
Estimated net value a year
| Profile | Net | % of spend |
|---|---|---|
| First card, light spender ₹15k a month | ₹376 | 0.2% |
| Metro salaried ₹60k a month | ₹8,365 | 1.2% |
| Family household ₹80k a month | ₹11,830 | 1.2% |
| Frequent flyer ₹1.5L a month | ₹14,515 | 0.8% |
| Online shopper ₹50k a month | ₹4,660 | 0.8% |
| Rent-heavy ₹90k a month | ₹7,690 | 0.7% |
Fee maths: The ₹1,499 annual fee is waived at ₹2,00,000 a year of eligible spend, about ₹16,700 a month. Of our 6 profiles, 5 clear it; on first card, light spender you would pay the fee, which is 80% (₹1,875) of what that profile earns before the fee. On our 6 profiles it nets from ₹376 (first card, light spender) to ₹14,515 (frequent flyer), equal to 0.2% to 1.2% of spend across the profiles. Without a waiver, the metro salaried category mix earns back the fee from about ₹12,500 a month of total spend.
After fees and caps, best-case redemption. Use your own spend.
Our take: For BPCL pump users: 25 points per ₹100 at BPCL outlets, capped at 2,500 points a month (₹10,000 of fuel). At four points to the rupee that is about ₹625 a month, or 6.25%, at the cap. It also pays 10X on dining, groceries and movies. Fuel at other pumps earns nothing. The ₹1,499 fee is waived at ₹2 lakh, and four domestic lounge visits a year are included. Whether rent and utilities earn points is not itemised in the MITC.
From the card's terms: strengths
- 4 domestic lounge visits a year
- Up to about 6.25% at partner merchants, subject to caps
From the card's terms: limits
- Base return is only about 0.25% on other spends
Reward rates and caps
| Spend category | Points per ₹100 | Value per ₹100 | Cap | Notes |
|---|---|---|---|---|
| Fuel | 25 | ₹6.25 | 2500 pts monthly | 25 points per ₹100 at BPCL pumps only (fuel, lubricants, Bharat Gas); cap 2,500 pts per month/cycle; effectively first ₹10,000/month. Non-BPCL fuel earns nothing. Plus 1% surcharge waiver (cap ₹100/month). |
| Dining & food delivery, Groceries, Entertainment & OTT | 10 | ₹2.5 | 7500 pts monthly | 10X on dining, groceries, departmental stores, movies; 7,500 points/month cap (category list varies by source). |
| Everything else, Amazon, Flipkart, Other online shopping, Flights & hotels, Bills & utilities | 1 | ₹0.25 | No cap found | 1 point per ₹100 on other retail spends except fuel (official T&C 11.4(a)4: "1 Reward Point on all other retail spends, except fuel ( 1 RP = ₹0.25)"). Utility payments are not in the T&C exclusion list, so they earn 1 point; the SBI MITC adds a 1% fee on utility payments above ₹50,000 per cycle. |
| Rent | 0 | ₹0 | No cap found | Official T&C 11.4(b): "W.e.f. 15 Apr 2024, accrual of Reward Points on Rent Payment transactions with BPCL SBI Card Octane will be discontinued" (MCC 6513, best effort); also excluded: e-wallet loading (MCC 6540/6541), cash advances, balance transfers, Flexipay/merchant EMI, financial charges. ₹199 processing fee on rent (SBI MITC). |
| Fuel | 0 | ₹0 | No cap found | Fuel at other pumps earns nothing; rewards apply only at the co-brand fuel partner (card terms). |
Point value: Official: 4 reward points = ₹1 (1 point = ₹0.25).
Excluded or reduced
- non-BPCL fuel
- rent
- wallet loads
- cash advances
- EMI conversions
Spend milestones
- Spend ₹3,00,000 a year: ₹2,000 e-gift voucher (Aditya Birla Fashion / Yatra / Bata-Hush Puppies) on ₹3 lakh annual spend (official) (about ₹2,000)
Other benefits
- Welcome: 6,000 bonus reward points (worth ₹1,500) on paying the annual fee, credited within 30 days
- Renewal: Fee reversal on ₹2 lakh annual spend, reversed within 30 days of fee charge (official).
- Forex markup 3.5%
- 1% fuel surcharge waiver at BPCL
Eligibility
Standard SBI Card eligibility (not verified). not confirmed in an issuer document: check the application page
Reported rule changes
- 1 Dec 2026: SBI Card: 1% fee on fuel spend above ₹50,000 a cycle from 1 December 2026 official
- 1 May 2026: SBI Card: late payment charge bands revised from 1 May 2026 official
- 1 Apr 2026: SBI Card: statement-credit redemption capped at 60,000 points a month and in blocks of 4,000 from 1 April 2026 official
Where it ranks
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Related guides
- How to read a credit card MITC
- How annual fee waivers work
- Fuel surcharge waivers explained
- Airport lounge access on credit cards
- Forex markup and using a card abroad
- How reward points work and what they are worth
- Credit card devaluations and what to do
FAQ
What is the annual fee of the BPCL SBI Card OCTANE?
₹1,499 a year, waived at ₹2,00,000 annual spend. Fees exclude 18% GST.
How do BPCL SBI Card OCTANE rewards work?
0.25% base, up to 2.5% on dining & food delivery/groceries/entertainment & ott, 6.25% at partners, capped. Official: 4 reward points = ₹1 (1 point = ₹0.25).
Does the BPCL SBI Card OCTANE give airport lounge access?
Domestic: Official: 4 complimentary domestic Visa-lounge visits per calendar year, max 1 per quarter; Octane is on SBI Set A lounge list (w.e.f. 10 Jan 2026). International: None found.
Who is the BPCL SBI Card OCTANE best suited to?
For BPCL pump users: 25 points per ₹100 at BPCL outlets, capped at 2,500 points a month (₹10,000 of fuel). At four points to the rupee that is about ₹625 a month, or 6.25%, at the cap. It also pays 10X on dining, groceries and movies. Fuel at other pumps earns nothing. The ₹1,499 fee is waived at ₹2 lakh, and four domestic lounge visits a year are included. Whether rent and utilities earn points is not itemised in the MITC. The ₹1,499 annual fee is waived at ₹2,00,000 a year of eligible spend, about ₹16,700 a month. Of our 6 profiles, 5 clear it; on first card, light spender you would pay the fee, which is 80% (₹1,875) of what that profile earns before the fee. On our 6 profiles it nets from ₹376 (first card, light spender) to ₹14,515 (frequent flyer), equal to 0.2% to 1.2% of spend across the profiles.
Sources
- SBI Card BPCL SBI Card OCTANE product page (official, English) official fetched 2026-10-29
- SBI Card domestic lounge program (official PDF) official fetched 2026-10-29
- SBI Card BPCL SBI Card OCTANE product page (official, Hindi locale) official fetched 2026-10-29
- SBI Card MITC (fee table: Octane Rs 1,499, waived at Rs 2 lakh) official fetched 2026-10-30
- SBI Card customer notices official fetched 2026-10-29
- BPCL SBI Card OCTANE Terms & Conditions (official SBI Card PDF; rewards clause 11.4-11.5) official fetched 2026-10-30
Not financial advice. Figures are estimates from published terms and may be outdated; confirm with SBI Card before you apply. Methodology.