BPCL SBI Bank Octane Credit Card
State bank of india State bank of india

BPCL SBI Bank Octane Credit Card

/assest/image/icons/lounge-access.svg Airport Lounge Access
/assest/image/icons/fuel.svg Fuel
/assest/image/icons/rewards.svg Reward Points
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Joining Fee: ₹1499* Plus Applicable Taxes

Renewal Fee: ₹1499*Plus Applicable Taxes

Airport Lounge Access Airport Lounge Access
Fuel Fuel
Reward Points Reward Points
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Joining Fee: ₹1499* + Tax

Renewal Fee: ₹1499* + Tax

Welcome benefits:- Enjoy a welcome bonus of 6,000 reward points when you pay the annual membership fee.

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About The Card Rewards Program Features & Benefits Fees & Charges Thinks We Know FAQs

About BPCL SBI Bank Octane Credit Card

The BPCL SBI Card Octane is a special credit card made for people who spend a lot on fuel. It gives great benefits when you fill fuel at BPCL petrol pumps—up to 7.25% value-back through 25 reward points on every ₹100 spent. You also get a fuel surcharge waiver of up to ₹100 per month. Apart from fuel, the card also gives 10X reward points on spending at grocery stores, departmental stores, restaurants, and movie theatres. You can use the reward points to get fuel at BPCL outlets. Here, 1 reward point = ₹0.25.

This card is perfect for BPCL customers who want to save money on fuel. However, the basic reward rate on other spending is only 0.25%, which may not be useful for everyone. While it was one of the best fuel cards in India for a long time, the Indian Oil RBL XTRA Credit Card now offers a better value-back of 8.5% on Indian Oil fuel spends. Still, for BPCL users, this card is a great way to earn and save more on daily fuel expenses.

The BPCL SBI Card OCTANE offers up to 7.25% value back on BPCL fuel, along with 6,000 welcome points, lounge access, and milestone rewards. Best suited for those who spend heavily on fuel and prefer BPCL.

BPCL SBI Bank Octane Credit Card Rewards Program

  • Get 10 reward points for every ₹100 spent on groceries, departmental stores, movies, and dining (up to 7,500 points per month).
  • Earn 1 reward point for every ₹100 spent on other non-fuel purchases.
  • Redeem your points for fuel at BPCL outlets, where 1 reward point = ₹0.25.

Other Features and Benefits

Welcome Benefit
Get 6,000 bonus reward points worth ₹1,500 on payment of the joining fee.

Fuel Benefits

Get up to 7.25% value back on your fuel expenses with the BPCL SBI Card OCTANE:

  • 6.25% value back: Earn 25 reward points for every ₹100 spent at BPCL fuel stations, on lubricants, and on the Bharat Gas website/app (up to 2,500 points per month).
  • 1% fuel surcharge waiver: Available on fuel spends up to ₹4,000 per month, capped at ₹100.

Milestone Reward
Spend ₹3 lakh in a year and get a ₹2,000 e-gift voucher from Aditya Birla, Yatra, Hush Puppies, or Bata.

Renewal Fee Waiver
Spend ₹2 lakh in a year and get your annual fee waived.

Lounge Access
Enjoy 4 complimentary domestic airport lounge visits every year (1 per quarter).

Fraud Protection
Get free fraud liability cover of up to ₹1 lakh.

EMI Option
Convert spends of ₹2,500 or more into easy EMIs using the Flexipay feature.

Fees and Charges

Type of ChargeAmount
Joining feeRs.1,499
Annual feeRs.1,499
Add-on feeNil
Credit card finance charge3.5% on all unsecured SBI Credit Cards (except Shaurya)
Minimum amount due each month5% of total outstanding amount or Rs.200 + taxes, whichever is higher
Interest fee period20 to 50 days
Finance charge on cash advanceFor domestic cash withdrawal, a fee of 2.5% or Rs.500 (whichever is higher)
Statement retrievalRs.100 per statement - for statements more than 2 months old
Late payment fee (charged based on the total outstanding amounts)
  1. Up to Rs.500 Nil
  2. Rs.501 to Rs.1,000-400
  3. Rs.1001 to Rs.10,000-750
  4. Rs.10,001 to Rs.25,000-950
  5. Rs.25,001 to Rs.50,000-1,100
  6. More than Rs.50,000-1,300
Over limit fee2.5%
Card replacement fee - domesticRs.100 to Rs.250

Things to Know Before you apply

Get this card if:

  • You spend a lot on fuel every month and want to save more through 25X reward points and fuel surcharge waiver.
  • You mostly refuel at BPCL petrol pumps and also use Bharat Gas website/app.
  • You regularly spend on groceries, dining, and movies, and want to earn extra reward points.
  • You’re okay with using your reward points only for BPCL fuel redemption and don’t need other options.

Eligibility Criteria

  • Age: 21 to 70 years
  • Occupation: Salaried or Self-employed
  • Credit Score: Should have a good credit history

Document Required For BPCL SBI Bank Octane Credit Card

  • Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter ID
  • Proof of Address: Aadhaar Card, Driver’s License, Passport
  • Proof of Income: Latest 3 salary slips, Last 3 months’ bank statement

BPCL SBI Bank Octane Credit Card Hilights

What do we like about this card?

  • Get 6,000 reward points as a welcome gift.
  • Earn up to 7.25% value back on fuel spends at BPCL petrol pumps.
  • Earn 25X reward points on BPCL fuel purchases (up to 2,500 points per month).
  • Enjoy 4 free visits to domestic airport lounges every year.
  • Get fraud protection cover up to ₹1 lakh.

Pros

  • Earn 25X reward points on fuel spends at BPCL.
  • Get 10X reward points on dining, movies, groceries, and departmental stores.
  • Enjoy complimentary domestic airport lounge access (4 visits/year).
  • Receive 6,000 bonus reward points as a welcome gift (worth the joining fee).

Cons

  • Fuel benefits apply only at BPCL petrol stations.
  • Fuel surcharge waiver is limited to ₹100 per month.
  • Low rewards on other retail spends.
  • Low redemption value — 1 reward point = ₹0.25.

SBI Bank Credit Card Contact Details

SBI Bank Credit Card offers multiple ways to get assistance for your credit card queries and services.

  • Contact Address: SBI Cards and Payment Services Limited, Wazirpur, New Delhi
  • Helpline: Dial 39 02 02 02 or 1860 180 1290 (prefix local STD code)
  • Simply SMS: Send an SMS to 5676791 from your registered mobile number.

Frequently Asked Questions

Everything you need to know about this credit card

You will earn up to 25 reward points for every Rs.100 spent on fuel transactions at BPCL petrol pumps. Plus, you can enjoy a fuel surcharge waiver on transactions up to Rs.4,000.

Yes, the annual fee of Rs.1,499 will be waived for the following year if you spend Rs.2 lakh or more.

The BPCL SBI Card Octane offers a 1% fuel surcharge waiver at BPCL stations on transactions up to Rs.4,000. It has a waiver cap of Rs.100 per statement cycle.

You can apply online through the SBI Card website or visit your nearest bank branch. Provide them with all the required documents for the application.

You can redeem your reward points by logging into the SBI Card portal or using the SBI Card mobile app. To complete the process Visit the 'Rewards Catalogue' there.

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