BPCL SBI Octane Credit Card
- Updated On: 29 July, 2025
SBI Card launched BPCL SBI Card Octane in late 2020, and it has ever since been one of the most popular card offerings. It is an upgraded version of the BPCL SBI Credit Card. While the Octane variant offers better rewards, it also carries a much higher annual fee of ₹1,499, whereas the other variant had a fee of only ₹499. BPCL SBI Card Octane gives you a higher 7.25% value back on fuel purchases at Bharat Petroleum fuel stations: 6.25% as reward points (25X reward rate), along with a 1% fuel surcharge waiver. In addition to the fuel benefits, you receive 10x reward points for spending on dining and movie tickets. As far as travel benefits are concerned, the card entitles you to 4 complimentary accesses to domestic airport lounges every year (a maximum of 1 per quarter). Affordable airport lounge access across popular airports in India is rare at such a price. This is the only SBI card with such benefits.
If you travel a lot by car or motorbike, this is one of the best offerings in the market right now. You get a high reward rate of 6.5% (and a 1% surcharge waiver) on fuel spent at all BPCL stations across the country (the 1% surcharge waiver applies even at non-BPCL stations). Keep reading to learn more about the Octane card.
BPCL SBI Octane Credit Card
( 4.7 / 5 )
- Joining Fee
- Annual Fee
- Best Suited For
- Reward Type
Rewards Rate
25 Reward Points/₹100 Spent at BPCL Fuel Stations (Reward Rate = 7.25%), 10 RPs/₹100 Spent on Groceries, Departmental Stores, and Movie Tickets, and 1 Reward Point for Every ₹100 Spent on All Other Expenditures
Welcome Benefits
6,000 Bonus Reward Points Worth ₹1,500
Rewards and Benefits
Movie & Dining
Accelerated 10 Reward Points for Every ₹100 Spent on Dining and Movie Tickets.
Rewards Rate
25 Reward Points/₹100 Spent at BPCL Fuel Stations (Reward Rate = 7.25%), 10 RPs/₹100 Spent on Groceries, Departmental Stores, and Movie Tickets, and 1 Reward Point for Every ₹100 Spent on All Other Expenditures
Reward Redemption
Redeem RPs for Fuel at BPCL Stations, Against Statement, or for Products and Vouchers With SBI
Travel
Complimentary domestic airport lounge visits
Domestic Lounge Access
4 complimentary access to domestic lounges every year (1 per quarter).
International Lounge Access
N/A
Golf
N/A
Insurance Benefits
Fraud Liability Cover of ₹1 Lakh
Fees & Charges
Spend-Based Waiver
Next year’s renewal fee waived on annual expenditure of Rs. 2 lakh.
Rewards Redemption Fee
Rs. 99 (plus applicable taxes) per redemption request.
Foreign Currency Markup
3.5% of the transaction amount
Interest Rates
3.75% Per Month (45% Per Annum)
Fuel Surcharge Waiver
1% fuel surcharge waiver on transactions up to Rs. 4,000 (max waiver of Rs. 100 in a month)
Cash Advance Charges
2.5% of the withdrawn amount (subject to a minimum charge of Rs. 500)
Product Details
- Get 6,000 Bonus RPs on the realization of the annual membership fee as a welcome benefit.
- 25 reward points on spending Rs. 100 for fuel purchases at BPCL refill stations (maximum 2,500 reward points per month).
- 10 reward points per Rs. 100 spent on groceries, departmental stores and movie ticket purchases (maximum 7,500 reward points per month).
- 1 reward point per Rs. 100 you spend on other retail purchases, except mobile wallet uploads and expenditures on non-BPCL fuel stations.
- 1% fuel surcharge waived on all petrol transactions up to Rs. 4,000.
- 4 complimentary access to domestic lounges annualy (1 per quarter).
- Gift Vouchers worth Rs 2,000 from Aditya Birla Fashion or Yatra or Urban Ladder or Hush Puppies or Bata on annual expenditure of Rs. 3,00,000 or above.
- Renewal fee waived off if Rs. 2,00,000 were spent in the last year.
- Complimentary Fraud Liability cover of Rs. 1 Lakh
Pros/Cons
Pros
- Welcome benefit of 6,000 Reward Points worth Rs 1500
- Enjoy 10 Reward Points on spend of Rs. 100 at dining, movies and departmental stores.
Cons
- There is a reward redemption fee of Rs. 99.
- No insurance benefits are included with this account.
BPCL SBI Credit Card Octane Features
The BPCL SBI Card Octane is a great fuel credit card offering a good reward program and several other exciting advantages. The following are the detailed features of the card:
Welcome Benefits
Get 6,000 bonus Reward Points with the BPCL SBI Credit Card Octane as a welcome benefit. You get 6,000 points every time the card membership is renewed, provided that the membership fee is paid (not waived off).
Milestone Benefits
Get a voucher worth ₹2,000 from popular brands like Bata, Yatra, Hush Puppies, or Aditya Fashion on annual spends of ₹3 lakh.
How to Redeem the Voucher?
- You will receive an SMS with e-voucher options within 20 days of eligible spending.
- Once you choose an option, the e-voucher will be sent to your registered mobile number or email ID within 5 working days.
- Please note that the Aditya Birla Fashion voucher can only be redeemed at the following brand stores: Louis Philippe, Van Heusen, Allen Solly, Peter England, Planet Fashion, and Simon Carter.
The annual renewal fee for the next year is also waived on a yearly expenditure of ₹2,00,000.
Free Domestic Airport Lounge Access
With the BPCL SBI Card Octane, you get 4 complimentary domestic airport lounge visits yearly (1 per quarter) as a travel benefit. This card allows you to access airport lounges across the country for free.
Fuel Surcharge
Get a 1% waiver on the fuel surcharge for fuel transactions made up to ₹4,000 at all petrol pumps across India. Note that the maximum waiver of ₹100 can be availed in a month. This alone is equivalent to ₹1,200 in annual savings.
BPCL SBI Credit Card Octane Rewards
- 25 Reward Points every time you spend ₹100 on fuel transactions at BPCL fuel stations using the BPCL SBI Card Octane. (Maximum 2500 Reward Points per billing cycle)
- 10 Reward Points/₹100 spent on dining, departmental stores, and movie ticket purchase expenditures. (Up to 7500 Reward Points per month)
- You get 1 Reward Point for every ₹100 on all other spending.
- Reward points not earned on fuel purchases at non-BPCL stations and mobile wallet uploads.
Rewards Redemption
Reward points can be redeemed in the following ways:
- On Shop & Smile – SBI’s mobile app for purchasing gift vouchers.
- Against cash (i.e., against the statement bill of the card) by writing an email or calling SBI’s customer care.
- You can instantly redeem Reward Points at BPCL fuel stations. Simply ask the attendant to swipe your credit card while choosing to pay with points.
- 4 Reward Points are equivalent to ₹1.
- The reward points earned expire after 2 years (24 months) from the accumulation date.
BPCL SBI Credit Card Octane Eligibility Criteria
The BPCL SBI Octane card does not have any fixed eligibility criteria. The following are the basic criteria that one needs to fulfill to get an SBI Card:
- The applicant should be above 18 years of age.
- The applicant should have a stable income above ₹30,000 per month.
- The applicant should have a good credit history/score above 750.
How to Apply for BPCL SBI Credit Card Octane?
Applicants can easily apply for one of India’s best fuel credit cards online.
- Click ‘Apply Now’
- Fill out the form with your details
- Proceed further accordingly
- Submit your application
BPCL SBI Card OCTANE Review
The BPCL Credit Card Octane by SBI is undoubtedly one of the great options available in the market as far as fuel credit cards are concerned. If you are already using the BPCL SBI credit card, it’s a good idea to consider an upgrade, mainly if you prefer road trips over air travel (nevertheless, this card also offers air travel benefits like 4 complimentary domestic lounge visits every year).
Please share your views on the BPCL SBI Card Octane card in the comments below. If you already hold the card, please share your experience with us and others.
FAQs:
What is the monetary value of the reward points earned?
4 reward points = ₹1, so each reward point is valued at ₹0.25.
How long are the reward points valid?
The reward points are valid for a period of 24 months (2 years) from the date of accumulation.
Do I get any reward points for fuel purchases at non-BPCL fuel stations?
No. You get reward points only at BPCL (Bharat Petroleum) fuel stations. However, the 1% fuel surcharge waiver applies to all fuel stations across India.
Do I get the 6,000 reward points every year the membership is renewed?
Yes, but only if the membership fee is paid and not waived off (i.e., you spent less than Rs. 2 lakh in the previous year).
Can I redeem the reward points to pay my card bills?
Yes, reward points can be redeemed for paying card bills. To do so, you need to contact the bank’s customer care.
Can I upgrade from a BPCL SBI Card to a BPCL SBI Octane Credit Card?
No, an upgrade from the basic BPCL SBI is not possible to BPCL SBI Octane. You ould need to apply for the superior card separately after closing the basic one.
11 comments
Aravind
Is this 6000 bonus RPs are awarded every year stil holds true – even with the Rupay varients? I don’t see that information mentioned on the SBI Cards website. Please clarify.
Srinivas polisetty
Good evening
I have redeem points in sbi credit card. But I was facing the problem with Fuel stations ,due to they people are not accepting the sbi card to redeem the points in surrounding Vijayawada location.. In entire Vijayawada only 1 fuel station was accepted the card i.e: opposite psp – MG road
Vikram
Yes, please confirm!! If reward points will be granted for every time annual fee is paid?
Sujith Unnikrishnan
Reward points are not applicable for renewal charges. It is only first time
Kartik Kanwar
Yes, 6000 bonus reward points are awarded on payment of annual charges.
Sandeep
Are you certain of 6000 bonus RPs are awarded every year? I don’t see that information clearly mentioned on the SBI Cards website.
Kartik Kanwar
Yes, this information is accurate.
Pandey
Hey
I was wondering if redeeming the reward points at BPCL petrol stations will also attract the reward redemption fee.
If so, doesn’t it defeat the purpose of 6.25% reward rate?
Ankur Mittal
Reward redemption fees won’t be charged when redeeming for fuel at BPCL petrol pumps.
Zeenat
Sbi octane card got declined in international lounge access
Prabha
The terms clearly mention only domestic lounges…