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SBI BPCL OCTANE Credit Card: Fees, Rewards & Benefits

Dining card with lounge access

Vyaya Team · Jun 2026
5 min read
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Value Score
8.0 / 10
Annual Fee
₹1,499
Best For
BPCL fuel regular, Dining spender
Network
Visa
Expert Verdict

The SBI BPCL OCTANE is a fuel-and-dining card whose 25X BPCL fuel rate (about 6.25% back, capped at 2,500 points/month) plus 10X dining make it excellent for BPCL loyalists. With a 0.25% base rate and 3.5% forex markup, its value is concentrated in BPCL fuel and dining categories.

STATE BANK OF INDIAVisa
SBI BPCL OCTANE
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REWARD SUMMARY
0.25% Base Rewards
Dining card with lounge access
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The Bottom Line

The SBI BPCL OCTANE is built for bpcl fuel regular and dining spender. With a ₹1,499 annual fee that is waived on ₹2,00,000 yearly spend, it offers 6.25% rewards on bpcl (fuel) and 6,000 bonus points. It makes the most sense if your spending matches bpcl fuel regular and dining spender.

It earns a base reward rate of 0.25% and stacks best when your spending lines up with BPCL fuel regular, Dining spender. The renewal fee gets easier to justify once you can hit ₹2,00,000 in yearly spend.

What we like
+Outstanding BPCL fuel rewards: 25X earning (25 points per Rs. 100) at BPCL pumps for roughly 6.25% valueback, the headline draw of the card.
+Bonus dining acceleration of 10X (10 points per Rs. 100) with a generous 7,500-point monthly cap.
+Rs. 1,499 annual fee is reversed on Rs. 2,00,000 of annual spend, plus an Rs. 2,000 e-gift voucher at Rs. 3 lakh spend.
+4 complimentary domestic lounge visits a year and a Rs. 1,00,000 fraud liability cover.
What we don't
BPCL fuel acceleration is capped at 2,500 points per month, so the 25X benefit stops after about Rs. 10,000 of monthly BPCL fuel spend.
Weak base rate of 1 point per Rs. 100 (about 0.25% back) on general spends, with points valued at Re. 0.25.
Fuel at non-BPCL outlets earns no accelerated points and the fuel surcharge waiver is capped at just Rs. 100 per cycle.
High 3.5% forex markup makes overseas spending costly.

Who Should Get This Card

Use this as a quick filter before comparing rewards or fees in detail.

Best fit for

Ideal
+
BPCL fuel regular

A commuter who refuels primarily at BPCL pumps and can capture the 25X rate (about 6.25%) up to the 2,500-point monthly cap, roughly Rs. 10,000 of monthly fuel.

+
Dining spender

Someone who also dines out often and uses the 10X dining rate with its large 7,500-point monthly cap.

Probably not for

Skip
Non-BPCL or low-fuel user

Drivers who fuel elsewhere or spend little on fuel miss the headline benefit and are left with a 0.25% base earn.

Overseas spender

The 3.5% forex markup and lack of international lounge access make it unsuitable for foreign travel.

Is It Worth It For You?

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Calculate Your Value

Adjust your typical monthly spend by category.

Dining
05,000Max ₹50k
Est. Returns
Travel
010,000Max ₹1L
Est. Returns
Online & Shopping
08,000Max ₹80k
Est. Returns
Groceries
06,000Max ₹40k
Est. Returns
Annual rewards0
Welcome bonus (Year 1)+₹1,500
Annual fee-₹1,499
Net Value (Year 1)+1
Net Value (Year 2+)-1,499
Progress to fee waiver0%

Spend ₹2,00,000 more to waive annual fee

Sign in for personalized estimates based on your actual spending

Reward Rates

SBI BPCL OCTANE offers 0.25% basic reward rate.

Quick Calculator

Estimate earnings for a specific purchase

BPCL (Fuel)
6.25%
Dining
2.5%

Welcome Offer

6,000 Reward Points

6,000 bonus Reward Points (worth Rs 1,500 at 1 RP = Rs 0.25) on payment of the joining/annual fee.

Value: ₹1,500

Milestone Benefits

Spend ₹3,00,000Value: ₹2,000

E-gift voucher worth Rs 2,000 (from Aditya Birla Fashion / Yatra / Hush Puppies / Bata) on annual spends of Rs 3,00,000.

Spend ₹2,00,000

Annual/renewal fee of Rs 1,499 reversed on annual spends of Rs 2,00,000.

Fees & Charges

Joining fee₹1,499
Annual fee₹1,499
Fee waiverSpend > ₹2,00,000

Eligibility

  • Min Credit Score: 750
  • Age 21-65; salaried or self-employed with stable income; fuel card with up to 7.25% valueback at BPCL outlets.

Exclusions & Terms

Forex markup

  • Foreign currency markup

Frequently Asked Questions

3 data-backed answers from our card database

What is the annual fee of the SBI BPCL OCTANE?+

The SBI BPCL OCTANE has an annual fee of ₹1,499, waived on annual spends of ₹200,000.

What rewards does the SBI BPCL OCTANE offer?+

It earns Reward Points, with accelerated earning on Dining, Fuel.

Does the SBI BPCL OCTANE offer airport lounge access?+

Yes, it includes complimentary airport lounge access. See the benefits section for visit limits.

Ready to apply?

₹1,499 annual fee. Apply on the State Bank of India website.

Apply on State Bank of India

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