BPCL SBI Card Octane

The co-branded BPCL SBI Card that was earlier introduced has a premium version called BPCL SBI Card Octane. With certain Bharat Petroleum Gas stations, the card offers a high value back of 7.25% on fuel purchases in addition to accelerated rewards on a number of categories, including grocery, movies, and dining. This card would be a good fit for you if you spend a lot of money on fuel each month, especially at BPCL locations.

The BPCL SBI Card OCTANE has a joining charge of Rs. 1,499 in addition to an annual fee of the same amount. The monthly finance charge or interest rate charged by the State Bank of India is 3.5%. In addition to the fuel benefits, you also get 10x reward points for dining and movie ticket purchases. In terms of travel benefits, the card gives you access to 4 free domestic airport lounge visits annually (up to 1 per quarter).

Key Highlights of BPCL SBI Card Octane

BPCL SBI Card Octane
Best Suited For Fuel Purchases
Joining Fee Rs. 1,499
Annual Fee Rs. 1,499 (Reversed on spending Rs. 2 lakh in a year)
Welcome Benefit Get 6000 bonus reward points equivalent to INR 1500 on payment of annual fees.
Rewards Benefit

Enjoy 25 Reward Points on every Rs. 100 spent at BPCL Fuel, Lubricants & Bharat Gas spends

Enjoy 10 Reward Points on every Rs. 100 spent at Dining, Departmental Stores, Grocery & Movies (Up to 7500 Reward Points per month)

Fuel Benefit Enjoy freedom from paying the 1% fuel surcharge across all BPCL petrol pumps in India, on transactions up to Rs. 4,000.
Lounge Access Benefit Get 4 complimentary visits per calendar year to Domestic VISA lounges in India (Max. 1 visit per quarter)
Best Feature 7.25% value back on your Fuel Expenses

*Terms and conditions apply.

With BPCL SBI Card Octane card, you can save on multiple categories, including groceries, lifestyle, entertainment and more. However, the maximum benefits are offered only on fuel transactions. Below mentioned are some key benefits of the BPCL SBI Card Octane benefits:

Welcome Benefits worth Rs. 1,500

When you pay the joining fee, you'll receive a bonus of 6,000 reward points worth Rs. 1,500. These reward points will be added to your account within 30 days of paying the joining fee. You can use these reward points can be redeemed instantly against fuel purchases at BPCL.

7.25% Value-back on Fuel Purchases

With this credit card, you can enjoy a 7.25% value-back, which means you get 25X reward points when you buy fuel at BPCL petrol pumps. Here are the specifics:

  • 25X reward points = 6.25% reward points + 1% fuel surcharge waiver on every transaction up to Rs. 4,000
  • Maximum 2,500 reward points can be accumulated per billing cycle
  • Maximum surcharge waiver of Rs. 100 in a statement cycle, which is equivalent to an annual savings of Rs. 1,200
  • 1 reward point = Re. 0.25

Reward Benefits

You can earn reward points on your transactions as per the below details:

  • Get 25 Reward Points for every Rs. 100 spent at Bharat Gas, BPCL Fuel, and Lubricants (only on the website and app).
  • Get 10 Reward Points for every Rs. 100 spend on dining, groceries, movies, and department stores (maximum of 7500 Reward Points each month).
  • Get 1 reward point for every 100 rupees spent on other retail transactions (excluding Mobile wallet upload & Non BPCL fuel spends).
  • 25 Reward Points on every Rs. 100 spent on Bharat Gas (Website and app only) is capped at 500 Reward Points per billing cycle
  • 1 reward point for every Rs. 100 spent on non-fuel retail purchases, excluding mobile wallet upload & non-BPCL fuel spends
  • 4 reward points = Re. 1 | 1 reward point = Re. 0.25

Rewards Redemption

The following methods are available for using reward points:

  • At the BPCL gas stations.
  • Gift vouchers can be bought via SBI's mobile app or on sbicard.com.
  • Reward points accrued expire two years (24 months) after the date of accrual.
  • Against cash (that is, against the card's statement charge) through email or phone contact with SBI's customer service.
How to Redeem SBI Reward Points?

If you visit the official SBI Card website, you can use the reward points you've earned on your credit cards online. Visiting the partner merchant store is another way to redeem them. For an alternative method of redeeming your reward points, you can also call the SBI Card helpdesk 39020202 (prefix local STD code). Up until a specified limit, points can be redeemed in multiples of 2000.

Also read: Best Rewards Credit Cards in India

Fuel Freedom Benefits

  • Enjoy the freedom to avoid paying the 1% fuel surcharge at all BPCL gas stations in India for transactions up to Rs. 4,000, which does not include GST or other fees.
  • A maximum fuel price waiver of Rs. 100 per credit card account statement cycle is offered, saving Rs. 1200 annually.

Milestone Benefit

  • Receive an E-gift voucher worth Rs. 2,000 from Aditya Birla Fashion/ Yatra/ Hush Puppies/ Bata when you spend Rs. 3 lakh annually.

Complimentary Lounge Access

  • Enjoy 4 free visits per calendar year to domestic VISA lounges in India with a maximum of 1 visit allowed per quarter.

Dining and Movie Benefits

  • On dining bills at some restaurants, you receive 10x reward points (10 reward points for every Rs. 100 spent) in expedited reward points. (Monthly maximum of 7,500 Reward Points)

Insurance Benefits

  • Get a complimentary Rs. 1 lakh fraud liability cover.

Balance Transfer Benefits

  • Use the balance transfer feature to transfer the unpaid amounts from other credit cards to your BPCL SBI Card OCTANE.


  • Use Flexipay to convert purchases over Rs. 2,500 into convenient monthly installments.

Contactless Technology

  • Contactless technology is included with the BPCL SBI Card OCTANE.

Other Benefits

In addition to the benefits mentioned earlier, you can also enjoy these additional perks with The BPCL SBI Card Octane:

  • Renewal Fee Reversal: Get Annual fee reversal on spending Rs. 2 lakh in a year.
  • Fraud Liability: Complimentary fraud liability cover of Rs. 1 lakh.
  • EMI Conversion: You have the flexibility to convert purchases of Rs. 2,500 or more into easy EMIs using the Flexipay option.

Here are the fees and charges associated with The SBI BPCL Octane Credit Card:

Fees / Charges Amount
Joining Fee Rs. 1,499
Renewal Fee Rs. 1,499 (Reversed on annual spends of Rs. 2 lakh)
Finance Charges 3.50% p.m. (42% p.a.)
Add-On card fee Nil
Late Payment Charges For Statement Balance
  • Up to Rs. 500: Nil
  • Rs. 500 up to Rs. 1,000: Rs. 400
  • Rs. 1,001 – Rs. 10,000: Rs. 750
  • Rs. 10,001 – Rs. 25,000: Rs. 950
  • Rs. 25,001 – Rs. 50,000: Rs. 1,100
  • Rs. 50,001 and above: Rs. 1,300
Finance Charges 3.50% per month or 42% per annum
Cash payment fee Rs.250
Cheque payment fee Rs.100
Over limit fee 2.5% of the over limit amount; minimum of Rs.600
Rewards redemption fee Rs.99
Foreign currency transaction 3.50%
Payment dishonor fee 2% of the payment amount; minimum of Rs.450
Statement request Rs.100 per statement (more than 2 months old)

Apply for SBI BPCL Credit Card with MybankingTips

Apply Now

BPCL SBI Credit Card Octane Eligibility Criteria

You must fulfill the following specified eligibility requirements in order to be eligible for a BPCL SBI Card Octane:

  • The candidate must be older than eighteen.
  • The candidate needs to be financially stable.
  • Available to both Salaried and Self-employed.
  • The candidate should have a strong credit history and score.

Documents Required to Apply for the BPCL SBI Credit Card Octane

When submitting an application for a BPCL SBI Credit Card Octane, the following files must be uploaded or submitted:

Proof of Identity

PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card.

Proof of Address

Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 month’s old, Ration Card, Property Registration Document.

Proof of Income

Latest one or 2 salary slip (not more than 3 months old), Latest Form 16, Last 3 months’ bank statement

Check if you are eligible for the SBI BPCL Credit Card on

Apply Now

Here are some other fuel cards that offer similar benefits, listed in the table below:

Credit Card Annual Fee Comparative Feature
SBI BPCL Credit Card Rs. 499 4.25% value-back on fuel purchases via BPCL Stations
IndianOil Axis Bank Credit Card Rs. 500 4% value back on fuel purchase at IOCL outlets
HDFC Bharat Cashback Credit Card Rs. 500 5% monthly cashback on fuel expenses
IndianOil HDFC Bank Credit Card Rs. 500 5% of fuel purchases as fuel points at IndianOil locations.

Apply for SBI BPCL Credit Card

Apply Now
apply card image

The SBI BPCL Octane Credit Card is an excellent choice if you primarily use Bharat Petroleum for your fuel needs. With an annual fee of Rs. 1,499, this card offers great value-back on fuel purchases and rewards across various spending categories.

Your benefits are linked to your fuel spending, so the more you spend on fuel, the more you'll earn. Keep in mind that for non-fuel retail purchases, the value-back is lower at 0.25%, which is below average. This card is most suitable if fuel expenses make up a significant portion of your monthly budget. Plus, you can have your annual fee reversed by spending Rs. 2 lakh annually.

Aside from fuel, you can also earn rewards on groceries, dining, shopping, and movie tickets. Additional perks like complimentary lounge access and milestone rewards make this card even more appealing.

Here are some of the pros and cons of this credit card:

Pros Cons
25X reward points on fuel purchases at BPCL Fuel benefits are limited to BPCL pumps only
Multi-faceted reward points across dining, movies, groceries and departmental stores Fuel surcharge waiver is capped at Rs. 100 per month
4 complimentary lounge visits per calendar year Low rewards rate on other retail spends

The bank will determine the credit limit for the BPCL SBI Card OCTANE. Before determining a credit card limit, the State Bank of India considers a number of factors, including the applicant's credit score, credit utilization percentage, and payment history for previous loans.

Apply for SBI BPCL Credit Card with MybankingTips

Apply Now


Your earned reward points can be redeemed both offline and online. You can visit the SBI Card portal and log in with your customer ID and password to redeem your SBI reward points online. After that, you'll see a "Rewards Catalogue" option; select it to begin the redemption procedure. To redeem your reward points, you can also use the SBI Card mobile app and follow the same steps.

Yes, for purchases up to Rs. 4,000, the SBI BPCL Octane Credit Card waives the 1% fuel premium at all BPCL fuel stations. However, you can avail a maximum waiver of Rs. 100 in a statement cycle.

The bank offers both online and offline methods for you to pay your credit card bills. You can use services like PayNet, NEFT/RTGS, UPI, mobile banking, NACH, and mobile apps to pay your bill online. In addition, you can visit any of the nearby branches to pay your SBI Credit Card bill in person using cash or a cheque.

The bank checks your application and then discloses your credit limit. Many factors, including credit score, yearly income, ability to repay debt, and more, affect the credit limit. As a result, only after successful verification will you be informed of your credit limit.

A text message is usually sent to your registered mobile number by the bank to inform you of the status of your application. Using your application number, you can check the progress of your application on the bank's official website if you haven't heard anything from them. To find out the status of your application, you can also give the customer service number a call.

This credit card is available for application both offline and online. You can apply online by visiting the SBI Card's official website and completing the application. In addition, you can speak with a representative about the application procedure by going to the bank's closest branch. But in order to use this credit card in any scenario, you must provide the required paperwork.

Yes, your annual charge of Rs. 1,499 for the following year would be released if your spending reaches Rs. 2 lakh.

With this credit card, there is a maximum surcharge waiver of Rs. 100 each statement cycle.

After the date of accumulation, the reward points are valid for 24 months, or 2 years.

You can use the reward points to pay your credit card payments.

Apply for SBI BPCL Credit Card

Apply Now
apply card image

Please click the links below to find details and instructions related to SBI Credit Cards that can help you in easily managing your card: