SBI CardBPCL SBI Card OCTANE
Visa / RuPay
SBI Card · Visa / RuPay
BPCL SBI Card OCTANE
Joining ₹1,499 · Annual ₹1,499 · Renewal fee reversed on ₹2,00,000 eligible annual spends in the previous membership year
Fee break-even: ≈₹5,99,600/yr through this card at its base rate. Below that, the fee eats the rewards.
Earns Reward Points · assumed 0.25 ₹/point. 4 RP = ₹1, fixed by SBI's own T&C. Best route is instant PoS redemption for free fuel at ~3,719 authorised BPCL outlets, or BPCL e-vouchers. No minimum point balance and no redemption fee on the fuel route. The same 4 RP = ₹1 rate applies through SBI's Shop & Smile catalogue but that route carries a ₹99 + GST fee per redemption. Points can never be applied against the card statement or taken as cash. Unredeemed points carry over one enrolment year and lapse at the end of the second (~24 months).
Verified 10 Aug 2026Forex markup3.5%
GolfNone
ConciergeNone
International loungeNone
EMINil on 3 months, then ₹45 at 6, ₹69 at 9, ₹89 at 12, ₹129 at 18 and ₹169 at 24 months, and only on purchases of ₹20,000 or more processing fee · A converted purchase stops earning rewards · The kindest fee structure here. There is nothing at all to pay on a 3 month plan, and the fee only bites once the purchase reaches ₹20,000. Minimum ₹2,500 to convert. Converting an already billed amount is a separate product costing 1% capped at ₹2,000. · Flexipay and merchant EMI earn nothing. Points are clawed back on conversion and are only restored if the EMI is cancelled. Never on foreclosure
Fuel surcharge1% on BPCL fuel transactions up to ₹4,000, max ₹100 per statement cycle, no minimum transaction size. Not paid on fuel bought via UPI on the RuPay variant, and per SBI's own T&C the waiver is limited to BPCL transactions.
Domestic lounge4 a year. 1 complimentary domestic airport lounge visit per quarter, primary cardholder only. No spend gate published for this card.
Milestones
- ◆ Spend ₹3,00,000 per year → ₹2,000 e-gift voucher (Aditya Birla Fashion / Yatra / Hush Puppies / Bata) Worth ₹2,000
Return by category
| Category | Return | Notes |
|---|---|---|
| Online spend | 0.25% | Base rate |
| Amazon | 0.25% | Base rate |
| Flipkart | 0.25% | Base rate |
| Subscriptions & OTT | 0.25% | Base rate |
| Offline spend | 0.25% | Base rate |
| UPI spending | 0.25% | No separate UPI cap published. UPI spends draw on whichever category pool applies · The RuPay variant can be linked to UPI. UPI spends earn by the card's normal MCC rules, 0.25% generally, 2.5% if the merchant sits in an accelerated MCC. Critically, BPCL fuel paid by UPI is explicitly excluded from both reward points and the fuel surcharge waiver, so always dip or tap the card at BPCL pumps, never scan. |
| Dining | 2.5% | Shares the same 7,500 RP/month accelerated pool · 10 RP per ₹100 on MCC 5812, 5813, 5814. |
| Swiggy | 2.5% | Uses its dining rate |
| Zomato | 2.5% | Uses its dining rate |
| Groceries | 2.5% | 7,500 RP per month cumulative across groceries, departmental stores, movies and dining (≈₹75,000 of combined spend) · 10 RP per ₹100 on MCC 5411 (grocery stores) and 5311 (departmental stores). Accelerated points are explicitly NOT paid at Metro Cash & Carry or Walmart. |
| Quick commerce | 2.5% | Uses its groceries rate |
| Swiggy Instamart | 0.25% | Base rate |
| Blinkit | 0.25% | Base rate |
| BigBasket | 2.5% | Uses its groceries rate |
| Movies & shows | 2.5% | Shares the same 7,500 RP/month accelerated pool · 10 RP per ₹100 on MCC 7832 and 7922. |
| BookMyShow | 2.5% | Uses its movies rate |
| PVR INOX | 2.5% | Uses its movies rate |
| Fuel | 6.25% | 2,500 RP per statement cycle. I.e. Only ₹10,000 of BPCL fuel per month earns at 25X · 25 RP per ₹100 at BPCL petrol pumps only. Add the 1% surcharge waiver and it reads as ~7.25% value back, the highest fuel return in the Indian market. The ₹10,000/month ceiling is the single number that decides this card: at full use it returns ₹625/month of free fuel (₹7,500/yr). Two traps. Non-BPCL pumps earn zero, and BPCL fuel paid via UPI on the RuPay variant earns zero AND forfeits the surcharge waiver. |
| Travel (general) | 0.25% | Base rate |
| Flights | 0.25% | Base rate |
| Hotels | 0.25% | Base rate |
| MakeMyTrip | 0.25% | Base rate |
| IRCTC rail | 0.25% | Base rate |
| International | −3.25% | 0.25% reward − 3.5% forex markup |
| Utilities & bills | 6.25% | 500 RP per billing cycle (≈₹2,000 of spend) · 25 RP per ₹100 applies narrowly to LPG cylinder bookings made on the Bharat Gas website or app. Every other utility bill earns only the 0.25% base rate. |
| Rent | 0% | No reward points on rent payments (MCC 6513) |
| Education fees | 0.25% | Base rate |
| Insurance premiums | 0.25% | Base rate |
| Government & tax | 0.25% | Base rate |
| Wallet loads | 0% | E-wallet loads (MCC 6540, 6541) earn nothing |
| Anything else | 0.25% | Base rate |
| Jewellery | 0.25% | Base rate |
Rates are the card's own published rates, before any spend profile. Add this card inMy cards to rank it against the rest of your wallet.
Also worth knowing
- Welcome/renewal benefit: 6,000 bonus Reward Points (₹1,500 of free fuel) credited within 30 days of each annual fee payment. It repeats every year the fee is actually charged, so a year in which the fee is waived is a year without the bonus.
- WHAT OCTANE ADDS OVER THE BASE BPCL SBI CARD, for ₹1,000 more fee: (1) BPCL pumps go 13X to 25X, i.e. 3.25% to 6.25% in points, ~4.25% to ~7.25% with the surcharge waiver. A clean +3 percentage points. (2) the grocery/departmental/movies/dining pool goes 5X to 10X, 1.25% to 2.5%. (3) 4 domestic lounge visits a year, which the base card does not have at all. (4) welcome/renewal bonus 6,000 RP vs 2,000 RP. A ₹1,000 swing that on its own repays the entire fee difference every year. (5) a ₹2,000 milestone voucher at ₹3L annual spend.
- BREAK-EVEN vs the base card: on rate alone the extra ₹1,000 needs ~₹33,300 of BPCL fuel a year (~₹2,800/month). Counting the larger welcome bonus, OCTANE is ahead from the first year at almost any fuel volume. The catch runs the other way. The fee waiver threshold is ₹2,00,000/yr here versus ₹1,00,000 on the base card, so a low-spender may pay OCTANE's fee every year while the base card's waives itself.
- The 25X fuel cap is on SPEND, not just points: ₹10,000/month of BPCL fuel. Anything above that earns nothing on fuel, so a household burning more than ~₹10,000/month of petrol should split fuel across two cards rather than expect 7.25% on all of it.
- AMBIGUITY IN SBI'S OWN T&C: clause 11.4(a)(6) reads 'Reward Points can be earned for a maximum spend of ₹10000/- per month' with no category attached. Read literally and globally it would gut the card's non-fuel value. Read as a restatement of the fuel cap it is exactly consistent with the 2,500 RP figure, which is how it is modelled here and how the community reads it. Worth re-verifying against a real statement.
- Reward accrual depends on BPCL merchant IDs being present in SBI's MID list, refreshed monthly on a 'best effort' basis. Occasional missed accruals at newly onboarded pumps are a known and officially disclaimed behaviour.
Other exclusions
- Flexipay and merchant EMI earn nothing. Points are clawed back on conversion and are only restored if the EMI is cancelled. Never on foreclosure
- Cash advances and balance transfers earn nothing
Sources
Every figure above comes from the issuer's own pages and documents. Last verified 10 Aug 2026.