Fuel transactions often don’t earn rewards on most credit cards. Some issuers even levy a surcharge that increases your fuel cost. This is where fuel credit cards offer an advantage by giving targeted savings. Among these, the BPCL SBI Credit Card OCTANE stands out as one of the best choices for users who frequently refuel at Bharat Petroleum (BPCL) outlets. With this card, you can earn 6.25% value back on BPCL fuel purchases, 2.5% value back on departmental store and grocery spends, and a 1% fuel surcharge waiver at eligible pumps.
BPCL SBI Credit Card OCTANE Fees & Charges
Unlike other issuers, SBI Card always charge a joining fee for its credit cards. But, this is offset by the welcome gift. The annual fee waiver is relatively less at Rs 2 Lakh spends for the rewards it provides.
| Joining Fee | ₹1499+GST ~₹1769 |
| Welcome Gift | 6000 Reward Points ~₹1500 Value |
| Annual Fee | ₹1499+GST ~₹1769 |
| Renewal Benefit | None |
| Annual Fee Waiver | On spends of ₹2 Lakh in a year |
Overall, the annual fee waiver is achievable, especially if fuel and grocery spend make up a larger share of your monthly expenses.
BPCL SBI Credit Card OCTANE Rewards Structure
The card offers one of the highest reward rates for BPCL fuel spends in India. It also provides strong benefits across dining, groceries and movies.
Kiwi RuPay Card
Lifetime FreeReward Rates
| Spend Category | Rewards | Value Back |
|---|---|---|
| BPCL Fuel & Bharat Gas | 25 RP/₹100 | 6.25% |
| Dining, Grocery, Departmental Stores, Movies | 10 RP/₹100 | 2.5% |
| Other Retail Spends | 1 RP/₹100 | 0.25% |
| Non-BPCL Fuel, Rent, Wallet Loading | No Rewards | 0% |
Reward Caps:
- BPCL Fuel: Max 2500 RP per billing cycle
- Bharat Gas: Max 500 RP per billing cycle
- Accelerated Rewards valid up to ₹4000 per transaction
If your monthly BPCL fuel spends are around ₹10,000, you will consistently hit the maximum accelerated reward cap.
The monthly transaction value to hit the max cap of accelerated fuel rewards would be Rs 10,000. This should be more than enough for most customers. We can also spend on other categories like departmental stores and grocery to reach the annual fee waiver. The 2.5% value back on these is pretty good too.
BoB Eterna
Lifetime FreeMilestone Rewards
The card does offer a milestone gift, but it’s not necessary to target this given the card’s strong fuel reward rate.
- Rs 2000 Gift Voucher on ₹3 lakh annual spend
- Voucher options: Aditya Birla Fashion, Yatra, Urban Ladder, Hush Puppies, Bata
For most users, achieving the ₹2 lakh annual fee waiver is more worthwhile.
BPCL SBI Credit Card OCTANE Rewards Redemption
Each reward point on the BPCL SBI Credit Card OCTANE is worth ₹0.25 (25 paise).
Redemption Choices:
- Instant Fuel Redemption at select BPCL outlets (recommended)
- E-vouchers via SBI Card portal
- Reward Catalogue Products
Instant redemption at BPCL pumps provides the best value and convenience.
Complimentary Airport Lounge Access
- Domestic Airport Lounge Access: 4 complimentary visits/year with Visa or RuPay
- International Airport Lounge Access: Not Available
This is a useful add-on for frequent domestic travellers.
Key Benefits and Charges
- 1% Fuel Surcharge Waiver at BPCL (valid up to ₹4000 per transaction)
- Max waiver: ₹100 per statement cycle
- Rent Payment Fee: ₹199 + GST
- Foreign Currency Markup: 3.5% + GST (≈ 4.1%)
- Interest Rate: 3.5% per month (42% annually)
Pros and Cons
Pros
Cons
Final Thoughts
The BPCL SBI Credit Card OCTANE is an excellent choice if your monthly fuel consumption is around ₹10,000 and you have easy access to a BPCL pump. It addresses most limitations of typical fuel cards by offering strong value across other categories like groceries and dining.
Choose this card if:
- You spend frequently at BPCL fuel stations
- You can spend ₹2 lakh yearly to get the annual fee waiver
- You want a combination of fuel savings + everyday rewards
- You have other cards to handle rent and wallet spends
If you’re evaluating fuel cards, this card is one of the top fuel credit cards in India for consistent savings.
If you are looking out for a fuel credit card, do check out this post on the best fuel credit cards in India.
Frequently Asked Questions
BPCL SBI Credit Card OCTANE
IF I FILL CNG IN A BPCL PETROL PUMP, WILL I GET REWARD POINTS ?
It should be ok.
On card swiping at BPCL for fuel there is charged 10 rs additional on statement and giving waiver of 1%
i..e.
Fuel Amount/ Debited in Statement/Surcharge Waiver Credited
100/110/1
200/210/2
300/310/3
400/410/4
1000/1010/10
Why?
You will be charged the fuel surcharge which is 1%+GST or Rs 10 whichever is higher.
Please note that using UPI for payments involving fuel will not provide a fuel surcharge waiver or cashback. Cashback on fuel purchases is only available when the card is swiped directly
Why am I unable to redeem the BPCL SBI E-VOUCHER anyone from the SBI card app?? Why are they saying card redemption is not possible??
i am extremely happy using this card. redeemption is so easy.
Max rewards for Fuel are capped at 2500 per month. So what’s the point..??
That is good enough for a majority of the customers.
Is this card available in RuPay variant?
Not yet
Is it possible to get the fee waived off by writing to customer support (in case the spends don’t cross Rs. 2 Lac threshold)
Yes, you can call them and try it.
Hello,
SBI rewardz have accelerated points for flipkart, igp etc. t
This card normally gives 1x points for e-commerce[except grocery, dining]. Is this card eligible for accelerated rewards?
Isn’t SBI Rewardz only for debit cards?
I saved lot of money on fuel because of this card.
What about lounge access for Add-on cards? Or can I use my card for someone else? TIA!
Domestic airport lounge access should work fine for add-on cards too. But the same limit of max 1 visit per quarter applies across all cards.
I believe this is worth to be considered as we fuel card and 2.5 on Dining, Departmental Stores, Grocery none other cards give that(offline spends). I have checked Infinia/Magnus/Eterna/Pinnacle and seems they don’t give this much reward .
Pinnacle 2.5 only on online spends
Infinia 3.33% for spending on smart portal for flights/hotels else it is just 1.66% for vouchers and 1% for cash credit
Magnus has 1.2%
Eterna has 3.75 but on online spends only
Finding the BPCL petrol bunk using SBI POS machine which gives reward points is soo difficult…,,if your octane was swiped in any another pos other than SBI in BPCL bunk it will be totally useless ..
I have a BPCL octane card. It doesn’t matter which bank POS machine card is swiped on the outlet needs to be BPCL.
Also points redemption is also quite easy now at least in Mumbai and Thane.
This is the exact feedback i was waiting for!! Are you sure regardless of POS machine, if you spend at the mentioned BPCL outlets your points are accumulated?
yes, regardless of the pos machine,point get accrued. using this card for over a year
Thnx for the info, what about points redemption? what has been your experience with respect to redemption of points at fuel stations?