BPCL SBI Card OCTANE
A BPCL fuel card: 25 points per ₹100 on BPCL fuel (about 6.25%, up to 2,500 points a cycle) plus a 1% surcharge waiver, 10 points per ₹100 on dining, groceries, department stores and movies, 1 elsewhere; 4 points = ₹1. Every figure below is copied from SBI Card’s own documents; open a figure’s source link to read it there. Official terms last checked 2026-10-16.
Fees and charges
| Joining fee | ₹1,499 plus GST Product page |
|---|---|
| Annual fee | ₹1,499 plus GST Product page |
| Annual fee waiver | On ₹2,00,000 of spend in the year Product page |
| GST on fees | 18% |
| Foreign-currency markup | 3.5% of the transaction, plus GST MITC |
Rewards
Reward points, ₹0.25 each when redeemed as stated Terms.
| Spend | Earns | Cap |
|---|---|---|
| Fuel at BPCL pumps | 25 points per ₹100 Terms | up to 2,500 points a statement cycle Terms |
| Dining, groceries, department stores and movies | 10 points per ₹100 Product page | up to 7,500 points a month Terms |
| Other retail purchases | 1 point per ₹100 Product page | no cap on record |
Points can be redeemed instantly at BPCL pumps with no minimum and no fee on record; statement credit and physically sent rewards carry a ₹99 redemption fee. Fuel paid by UPI at BPCL earns no points and no waiver. The 10-point rate does not apply at Metro Cash & Carry or Walmart. EMI purchases earn no points.
No rewards on
- Fuel at non-BPCL pumps Product page
- Wallet loads Terms
- Rent (from 15 Apr 2024) Terms
Benefits
- Lounges: 4 complimentary domestic airport lounge visits a calendar year, at most one a quarter Product page
- Fuel: 1% fuel surcharge waived at BPCL on card swipes up to ₹4,000, up to ₹100 a statement cycle Product page
- Welcome: 6,000 bonus points worth ₹1,500 after the annual fee is paid Product page
- Milestone: ₹2,000 e-gift voucher (Aditya Birla Fashion, Yatra or Hush Puppies) on ₹3 lakh of annual spend Product page
Also on this card
Quoted from SBI Card; not counted in the net value.
- 25 points per ₹100 on Bharat Gas LPG bookings on its website and app, up to 500 points a cycle Terms
- Instant redemption for free fuel at BPCL pumps: 4 points = ₹1, no minimum Terms
- Complimentary fraud liability cover of ₹1 lakh Product page
Eligibility
The issuer does not publish its criteria on the pages read. Approval is its own decision.
Not published by SBI Card in the documents read
- eligibility criteria
- a reward rate on UPI spends
Where SBI Card’s documents differ, and what is used
- Fuel surcharge cap: the product page says ₹100 per statement cycle; the card terms say ₹100 per month.
- The card terms also say points can be earned on at most ₹10,000 of spend a month; that matches the BPCL fuel cap (2,500 points at 25 per ₹100) and is not applied to the other categories here.
- Lounge: the page's key-benefit line calls them 'domestic VISA lounge visits' although the card is also issued on RuPay; from 10 Jan 2026 the visits are limited to SBI Card's Set A lounge list.
The quotes behind the figures
36 figures, each copied from an official SBI Card document.
Show every quote and source
“The Joining Fee of the card is Rs. 1,499 + taxes.”
“Renewal Fee (per annum): Rs. 1,499 + taxes”
“for the cardholders having State of residence in the records of SBI Card on the statement date as other than “Haryana” - Integrated Tax @ 18%”
“Renewal Fee is reversible if annual spend for last year ≥ Rs. 200,000”
“Foreign Currency Transaction Fee: 3.5% (For all cards except AURUM, Elite, Prime NRI secured, Tata Neu Infinity SBI Credit Card, SBI Card Miles Elite/ Miles Prime/ Miles).”
“4 Reward Point gives you `1 of free fuel. There is No minimum limit of Reward Points required for Instant Redemption”
“25 Reward Points per `100 on BPCL Fuel spends (Max. of 2500 Reward Points per statement cycle)”
“Enjoy 7.25% value back ~25X Reward Points on fuel purchases at BPCL petrol pumps. Maximum 2,500 Reward points per billing cycle”
“10 Reward Points on every Rs. 100 spent at Dining, Departmental Stores, Grocery & Movies (Up to 7,500 Reward Points per month)”
“Cumulative 10X Reward Points accrued per `100 spent on Groceries, Departmental Stores, Movies & Dining with your BPCL SBI Card OCTANE will have a maximum cap of 7,500 Reward Points per month.”
“1 Reward point per Rs. 100 spent on other retail purchases (except Mobile wallet upload & Non-BPCL fuel spends).”
“Any purchases at petrol pumps/ service stations”
“e-Wallet loading/recharge transactions identified under MCCs 6540 and 6541 (W.e.f. 1st July 2020).”
“W.e.f. 15 Apr 2024, accrual of Reward Points on Rent Payment transactions with BPCL SBI Card”
“"isOnline" : "yes", "isVisibleOnWebsite" : "yes",”
“Surcharge waiver will not be applicable on fuel spends done using UPI functionality on SBI Credit Card (on RuPay platform) at BPCL petrol pumps.”
“BPCL SBI Card Octane 1499 1,499 (Waived off on annual spends of 2 Lakh or more in the preceding year)”
“Eligible spends incurred on the Credit Card within the last 365 days from the Annual Card Fee billing date shall be considered for the spend-based reversal of the Annual Card fees.”
“GST will be charged over and above the annual fee basis the prevailing GST rate.”
“1 Reward Point on all other retail spends, except fuel ( 1 RP = `0.25)”
“Reward Points can be earned for a maximum spend of `10000/- per month”
“Merchant EMI i.e. EMI's availed at the time of purchase at Merchant establishment or websites, w.e.f 20th November 2020”
“BPCL SBI Card OCTANE”
“No Minimum Threshold. Fuel Surcharge Waiver applicable only on BPCL Fuel transactions upto `4000/- for a max of `100/- per month.”
“Rewards Redemption Fee: Rs.99. Applicable only on Physical products, Statement Credit & on Vouchers that are sent physically as specified in the individual product Terms & Conditions, for all cards except AURUM.”
“4 Complimentary domestic VISA lounge visits per calendar year”
“4 complimentary domestic lounge visits per calendar year (max. 1 visit per quarter)”
“Enjoy a 1% fuel surcharge waiver across all BPCL petrol pumps in India (applicable only on swiping card at POS machines),on transactions up to Rs. 4,000”
“Maximum waiver of Rs. 100 per statement cycle, per credit card account, which is equivalent to an annual savings of Rs. 1,200.”
“Get 6000 bonus reward points worth Rs. 1,500 on payment of Annual Fee”
“e-Gift Vouchers worth Rs. 2,000 from Aditya Birla fashion or Yatra or Hush Puppies on annual spend of Rs. 3 Lakhs.”
“25 Reward Points on every `100 spent on Bharat Gas (Website and App only) is capped at 500 Reward Points per billing cycle.”
“Complimentary Fraud Liability cover of 1 Lakh”
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“"ctaText" : "APPLY NOW", "ctaView" : "primary",”
“Just look for the Visa/RuPay sign of acceptance and present your card for payment.”
Terms change, sometimes without notice. Read the issuer’s current terms before applying. CardWise has no affiliate arrangement with SBI Card or any issuer. Issuer names and logos belong to their owners and are shown only to identify each card’s issuer; CardWise is not affiliated with any issuer. The logo is SBI Card’s own file from its website, unaltered, fetched 2026-10-15. Methodology