SBI

BPCL SBI Card OCTANE Credit Card

Good for BPCL purchases.

Should you get this?

Conditional fit

Confirm terms with the issuer

Why this card

  • Up to 25 pts / ₹100 on BPCL
  • You spend on bPCL.
Issuer evidence · 3 sources →

Trade-off

The annual fee (₹1,499) is waived only when eligible annual spend exceeds ₹2,00,000.

Annual fee ₹1,499 per year
Rewards 1 pt / ₹100
Forex markup 3.5% high
Compare with Axis Bank IndiGo →

Similar tier comparison

Rewards

Earning rules

Detail · from the summary above
ScopeRateEligibilityLimit
General spend1 pt / ₹100Credited as reward points—
BPCL (domestic)25 pts / ₹100Credited as reward points2,500 points per month; at 25 pts / ₹100, this lane reaches the cap at ₹10,000 of eligible spend
Dining Movies Grocery10 pts / ₹100Credited as reward points7,500 points per month; at 10 pts / ₹100, this lane reaches the cap at ₹75,000 of eligible spend

Redemption value

What a Reward Point is worth

  1. Fuel₹0.25 / pt

How to avoid the annual fee

Spend threshold for waiver
Above ₹2L annual eligible spend required for the waiver

Above ₹2L eligible annual spend waives the fee

Reward reality — the earning-rate detail behind the numbers above

Reward reality

Conclusion · what you actually get

Eligible spend

1 points per ₹100 on eligible spend

Verified value

₹0.25 per point

Fuel

Caps

  • BPCL (domestic)2,500 points per month
    Why?

    at 25 pts / ₹100, this lane reaches the cap at ₹10,000 of eligible spend

  • Dining Movies Grocery7,500 points per month
    Why?

    at 10 pts / ₹100, this lane reaches the cap at ₹75,000 of eligible spend

View full earning rules →

Realisation

Credited as reward points

Reported reward terms

Evidence · not used in rates or comparisons

Reported category terms

Departmental Stores · Grocery
10 points per ₹150Domestic & international

Reported by secondary sources · verify with issuer1 other source

Evidence only · excluded from decisions

Costs & fees

Spending requirements

Spend gates · caps · milestone thresholds
RequirementAmountPeriodUnlocks
Annual fee waiver₹2,00,000yearAnnual fee waiver

Watch outs

Before choosing this card
  • Forex markup is 3.5%, so frequent international spends may be costly.
  • Lounge access not verified.

Estimated usage

Example usage at this monthly spend

₹
  • At this monthly spend, you'd earn: Based on the standard earn rate (1 pt / ₹100). Up to ~500 pts/month if the entire spend qualifies. Excluded transactions and category rules earn less. Partner bonuses aren't included.
  • Worth ~₹130 at the conservative redemption floor
  • Fee waiver achievable at this spend
  • Forex cost ~₹1,750 per ₹50k international spend

Illustrative only, using current base rates and snapshot data.

Benefits & charges

Side-by-side facts
Benefits

Lounge Access

Domestic (cardholder)
Lounge access not verified

Rewards

Base earn
1 points per ₹100 value depends on redemption
Effective return (honest floor)
~0.25% base (conservative redemption) Conservative redemption floor; best documented path is not ranked on.
Headline point value
₹0.25 per Reward Point (Fuel) Issuer headline channel — full channel grid in Redemption value.
Fees & charges

Fees

Monthly interest rate
3.75% / month
Annual fee
₹1,499
Joining fee
₹1,499 · verified 3 Sept 2026
Fee waiver spend
Above ₹2,00,000 · verified 3 Sept 2026 Annual fee waived on eligible anniversary-year spend above ₹2,00,000.
Interest-free period
Up to 50 days · verified 7 Jul 2026

International Use

Forex markup
3.5%

Issuer documented · corroborating sources · verify issuer terms before applying

Where to verify
Product tier
Mid-tier

Travel & perks

Fuel Benefits

At the pump

No verified fuel benefit available.

Fine print & compare

Compare with similar cards

Similar tier · similar benefits
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The fine print

Caps · exclusions · earning · redemption · last refresh

Caps & limits

  • BPCL cap: 2,500 points per month; at 25 pts / ₹100, this lane reaches the cap at ₹10,000 of eligible spend.
  • Dining Movies Grocery cap: 7,500 points per month; at 10 pts / ₹100, this lane reaches the cap at ₹75,000 of eligible spend.

Exclusions

These spends do not earn reward points.

Financial

  • Fuel

Latest update

  • Annual fee: ₹1,499.
  • Forex markup currently listed at 3.5%.
  • Lounge access not verified.

Common questions

From verified card facts

Is this good for lounge access?

Lounge access is not fully verified. Check issuer terms before relying on this card for lounge access.

Is this good for international spends?

Forex markup is 3.5%, so frequent international spends may be costly.

Is the annual fee easy to recover?

Fee waiver applies above ₹2,00,000 annual spend. Verify eligible spend exclusions before counting on it.

When do welcome benefits arrive?

Legacy data contains a possible welcome-benefit signal, but the benefit item, qualification, and fulfilment are not verified. Check the issuer welcome email, MITC, and current offer page before relying on it.

Learn

Learn more

Guides matched to this card — not a random syllabus.

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Last refreshed 3 Sept 2026 moneymatters.cards Change look saved in this browser only
Important

Data compiled from issuer and public information. Details may change — verify with issuer. Reference data, not financial advice.

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