BPCL SBI Octane Credit Card
India’s most powerful fuel cashback card – exclusively for BPCL users
Network: Mastercard, Visa | Type: Rewards | Reward: Reward Points
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Fees & Charges
- Joining Fee: ₹1,499 + GST
- Annual Fee: ₹1,499 + GST
- Waiver: No waiver available
- Foreign Markup: 3.5% + GST
- Fuel Surcharge: 1% waiver on ₹500–₹4,000 BPCL transactions
- Redemption Fee: ₹99 + GST per request
- Late Payment Fee: ₹400–₹1,300 depending on outstanding due
- Interest Rate: 3.5% per month (42% p.a.)
- Cash Advance: 2.5% or ₹500 (whichever is higher)
Credofly Review
BPCL SBI Card OCTANE is one of the most focused fuel rewards cards in India. While it doesn’t try to cover travel or dining deeply, it gives extraordinary value on its primary use case — fuel. With 7.25% total returns, the cashback is real and consistent. You also get free lounge access and welcome rewards, making it suitable for urban drivers and professionals.
Rewards & Earnings
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6.25% cashback on BPCL fuel via statement credit
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13 Reward Points/₹100 on BPCL fuel = ~1% more
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0.75% additional cashback from BPCL for using a credit card
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1 RP/₹100 on all other eligible spends
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1 RP = ₹0.25 (redeemable for fuel or vouchers)
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Use RP to pay for BPCL fuel (1 RP = ₹0.25)
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Redeem for gift vouchers, merchandise, or mobile recharge via SBI Card portal
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Minimum redemption: 1,000 RP
Benefits
- Welcome:
2,000 Reward Points (₹500 value) on spending ₹2,000 within 30 days of card setup
- Milestone:
2,000 RP on renewal every year (equivalent to ₹500)
- Renewal:
Annual bonus: 2,000 Reward Points on card renewal (worth ₹500)
- Lifestyle:
lounge domestic
Why We Like It
This card is unmatched in terms of fuel value. BPCL SBI Card OCTANE is perfect for drivers, fleet owners, and daily commuters who spend heavily on fuel — offering real savings and lounge access as a bonus.
Pros & Cons
✅ Pros
Up to 7.25% savings on BPCL fuel (cashback + rewards)
Welcome benefit + annual renewal bonus
Complimentary airport lounge access (4/year)
❌ Cons
High annual fee with no spend-based waiver
No accelerated rewards outside fuel category
Reward points redeem at only ₹0.25 value
Eligibility & Application
Eligibility:
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Must be an Indian resident
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Age: 21+ years
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Stable income source and decent credit history (CIBIL 700+)
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Regular fuel user at BPCL pumps
How to Apply:
Apply online in just 2 minutes via Credofly:
Submit basic KYC documents, complete e-sign or video KYC, and receive the card within 7–10 business days.
FAQs
What is the total savings on BPCL fuel with this card?
You get 6.25% cashback + ~1% worth of reward points = 7.25% value back.
What is the monthly cap for cashback?
Cashback is capped at ₹250 per statement cycle (on ₹10,000 BPCL spend).
Where can I redeem my Reward Points?
Use them on the SBI Card website for BPCL fuel, gift vouchers, or merchandise. Value is ₹0.25 per RP.
Can I use this card at other petrol pumps?
Yes, but you won’t get any cashback or points for non-BPCL fuel.
Is there a spend-based waiver on annual fee?
No, the ₹1,499 fee is charged every year — but you get 2,000 RP as renewal bonus.
Does it offer lounge access?
Yes. Enjoy 4 complimentary domestic airport lounge visits per year.
Is this better than SBI BPCL Regular Card?
Yes, for higher BPCL spenders. Octane gives more cashback, more points, and lounge access.
Who should get this card?
Anyone spending ₹8K–₹12K per month on BPCL fuel — including professionals, car owners, drivers, and business travelers.
User Reviews
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