SBI Card
BPCL SBI Card OCTANE
Annual Fee
₹1,769₹1,499 + GSTBase Reward
1% points
Foreign Markup
3.5% of the transaction amount
Welcome Benefits
6,000 Bonus Reward Points Worth ₹1,500
Product Highlights
- 6,000 Bonus Reward Points on the realization of the annual membership fee as a welcome benefit
- 25 reward points on spending ₹100 for fuel purchases at BPCL refill stations
- 10 reward points per ₹100 spent on groceries, departmental stores and movie ticket purchases
- 1% fuel surcharge waived on all petrol transactions up to ₹4,000
Category Rewards
dining
10X on dining, departmental stores, grocery, movies
10X
Specialty
10X on dining, departmental stores, grocery, movies
10X
grocery
10X on dining, departmental stores, grocery, movies
10X
entertainment
10X on dining, departmental stores, grocery, movies
10X
Fee Waiver
Next year’s renewal fee waived on annual expenditure of ₹2 lakh
Merchant-Specific Rewards
1 pt ≈ ₹0.25–₹0.50
BPCL
25X at BPCL Fuel / Lubricants / Bharat Gas
Reward Calculator
Earns ₹1,681/year (net)
Modest gain. Solid hold if you like the perks.
₹16K
across all your buckets
13.8K
SBI Reward Points
₹3.5K
via standard · ₹0.25/pt
Effective rate
1.80%
Annual fee
₹1,769
Year 1 net
+₹3,181
incl. welcome
Year 2+ net
+₹1,681
ongoing
Adjust your spend by reward bucket
3 bucketsMilestone Rewards
Bonus rewards unlocked at spend thresholds. Use the slider to see what your spend pattern unlocks.
per year · You spend ≈ ₹6L
₹2,000 e-Gift Voucher (Aditya Birla Fashion / Yatra / Hush Puppies)
Real Reward Ceiling
Headline %s are gated by caps. Here's how far each accelerator stretches before it falls back to the base rate.
25X at BPCL Fuel / Lubricants / Bharat Gas
Headline: 6.25% effective
10X on dining, departmental stores, grocery, movies
Headline: 2.50% effective
Surcharges & Exclusions
Watch-outs that quietly erode your effective rewards. Categories listed as “excluded” earn 0% even if the merchant looks normal.
Foreign exchange markup
3.5%Charged on every international (non-INR) transaction
Excluded from rewards
fuel, balance transfer, cash advance, emi, utility, insurance, jewelry, education, railways, wallet
Fuel surcharge waiver (good news)
1%on ₹500–₹4,000 fuel txns · capped at ₹100/cycle
Surcharges are typically charged 1 cycle after the transaction and may include GST. Always confirm with the bank's most recent T&C.
Rewards Details
25 Reward Points for every ₹100 spent at BPCL fuel stations (Reward Rate = 7.25%), 10 Reward Points for every ₹100 spent on groceries, departmental stores, and movie tickets, and 1 Reward Point for every ₹100 spent on all other expenditures.
- Redeem RPs for Fuel at BPCL Stations, Against Statement, or for Products and Vouchers With SBI
Benefits & Features
Domestic: 4 complimentary access to domestic lounges every year (1 per quarter) International: N/A Full lounge access description not provided
Pros & Cons
Pros
- Welcome benefit of 6,000 Reward Points worth ₹1500
- Enjoy 10 Reward Points on spend of ₹100 at dining, movies and departmental stores
Cons
- There is a reward redemption fee of ₹99
- No insurance benefits are included with this account
Additional Info
Maximum 2,500 reward points per month on fuel purchases
Partner Merchants
Ready to apply?
Apply directly on the bank's official website. Quick approval, no hidden steps.
Apply NowOfficial bank website · Secure
Fees & Charges
Eligibility
Min Age
18 yrs
Salaried
₹0.3L+
Networks
Fee Waiver
Next year’s renewal fee waived on annual expenditure of ₹2 lakh