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BPCL SBI Card OCTANE
BPCL SBI Card OCTANE is a co-brand fuel card built for drivers who refuel regularly at BPCL outlets — it stacks a 25x reward-point rate with a fuel surcharge waiver for up to ~7.25% effective value back at the pump, and also earns a solid 10x on dining, groceries, and general spend. It suits someone whose monthly fuel bill is substantial enough to make the ₹1,499 fee worthwhile, but the accelerated rates are capped and value drops sharply once spending moves outside BPCL or the covered categories.
Annual fee
₹1,499
Joining fee
₹1,499
Reward type
points
Base reward rate
1%
Card network
Visa
Card tier
Mid
Who this card fits
Best suited to applicants with a credit score of roughly 700+ whose spend is concentrated in fuel, dining, groceries. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 1% base rate
- Domestic lounge access: 4 complimentary domestic lounge visits/year (max 1/quarter), useful for occasional flyers rather than frequent travelers
- Insurance benefits: Complimentary fraud liability cover of ₹1 lakh against unauthorized transactions after the card is reported lost or stolen
Benefits by category
- 🍽️ Dining & food delivery
10% reward rate (capped ₹1,875/monthly)
- 🛒 Groceries
10% reward rate (capped ₹1,875/monthly)
- ✈️ Travel
4 complimentary domestic lounge visits/year (max 1/quarter), useful for occasional flyers rather than frequent travelers
- 🛡️ Insurance
Complimentary fraud liability cover of ₹1 lakh against unauthorized transactions after the card is reported lost or stolen
- ⛽ Fuel
25% reward rate (capped ₹625/monthly) · 1% fuel surcharge waived on transactions up to ₹4,000, capped at ₹100 per billing cycle, stackable with the accelerated fuel reward rate
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹25,000
- Employment: salaried, self-employed
- Age: 21–65
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹2,00,000
- Rewards redemption fee: ₹99 + applicable taxes per redemption request when reward points are redeemed for statement credit, gift vouchers or physical products, charged once per batch regardless of how many items are redeemed in it.
- Fuel surcharge waiver: 1% fuel surcharge waived on transactions up to ₹4,000, capped at ₹100 per billing cycle, stackable with the accelerated fuel reward rate
- Cash advance charges: 2.5% of the withdrawn amount or ₹300 (whichever is higher) at domestic ATMs, and 3% or ₹300 (whichever is higher) internationally; cash advances earn no reward points and carry no interest-free grace period.
Benefits
- 6,000 bonus reward points (worth roughly ₹1,500) credited once the annual fee is paid, giving the card a fast-payback first year
- e-Gift voucher worth ₹2,000 chosen from Aditya Birla Fashion, Yatra, or Hush Puppies/Bata on crossing ₹3,00,000 in annual spend
- 4 complimentary domestic lounge visits/year (max 1/quarter), useful for occasional flyers rather than frequent travelers
- Complimentary fraud liability cover of ₹1 lakh against unauthorized transactions after the card is reported lost or stolen
- 1% fuel surcharge waived on transactions up to ₹4,000, capped at ₹100 per billing cycle, stackable with the accelerated fuel reward rate
- Up to 7.25% effective value back on BPCL fuel spends by combining the 25x reward-point rate with the 1% surcharge waiver
Pros
- + Up to 7.25% effective value back on BPCL fuel spends via 25x points plus surcharge waiver
- + 10x points on dining, groceries, and other general spend (capped monthly)
- + 6,000 bonus points on annual fee payment, offsetting a chunk of the cost
- + 4 domestic lounge visits a year included
- + ₹1 lakh fraud liability cover for peace of mind
Cons
- − Fuel rewards capped monthly, limiting upside for very heavy fuel spenders
- − Forex markup and APR are not disclosed on the official product page
- − Full value only materializes when fuel is purchased specifically at BPCL outlets
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