State Bank of India
BPCL Octane
The BPCL SBI Card Octane is a co-branded fuel credit card designed as an upgraded version of the standard BPCL SBI Card. This card is specifically structured for individuals with high fuel expenditures, offering up to 7.
Direct link to the issuer's website. Terms apply — verify current offer with the bank.
Data last updated 7 June 2026.
At a Glance
Annual Fee
₹1,499
Joining Fee
₹1,499
Fee Waiver
Spend ₹2,00,000 annually
Lounge Access
See details
Forex Markup
3.5%
Effective Yield
0.25% – 7.25%
Our Take
CreditGully Rating
Based on CreditGully editors' analysis. Not influenced by card issuers.
The BPCL SBI Card Octane is a co-branded fuel credit card designed as an upgraded version of the standard BPCL SBI Card. This card is specifically structured for individuals with high fuel expenditures, offering up to 7.25% value-back on fuel transactions at BPCL. This makes it an exceptionally strong choice for consumers looking to optimize their vehicle running costs.
Beyond fuel benefits, the card offers solid rewards for daily expenses, yielding 10X reward points on groceries, departmental stores, dining, and movie tickets. It also features practical lifestyle perks such as 4 complimentary domestic airport lounge visits annually and an annual fee reversal upon meeting specific spending thresholds. Points can be easily redeemed directly for fuel at BPCL outlets.
The card is best suited for loyal Bharat Petroleum (BPCL) customers who want to maximize savings on fuel and everyday categories. Because the base reward rate on other retail purchases is relatively low at 0.25%, the ideal user is someone who plans to use this card primarily for BPCL fuel and accelerated spending categories while using a separate general card for other retail expenses.
What We Like
We highly appreciate that the card delivers a significant 7.25% value-back on BPCL fuel purchases along with 10X accelerated reward points on daily expenses like dining, movies, and groceries. Additionally, the option to easily redeem accumulated reward points directly for fuel at BPCL stations makes saving money on fuel highly convenient.
Pros
- ✓Earn 25X reward points on fuel transactions made at BPCL outlets
- ✓Get 10X reward points on departmental store, grocery, dining, and movie spends
- ✓Enjoy 4 complimentary domestic airport lounge visits each year
- ✓Receive a welcome benefit of 6,000 bonus reward points that equal the value of the joining fee
Cons
- ✗Fuel reward points and benefits are restricted exclusively to BPCL stations
- ✗The 1% fuel surcharge waiver is limited to a maximum of Rs. 100 per month
- ✗Earns a very low reward rate on general retail purchases outside of the accelerated categories
- ✗The value of reward points is relatively low at 1 Reward Point = Rs. 0.25
Get This Card If
- ✓Your monthly fuel expenses are significant, making the 25X reward points and surcharge waiver highly beneficial
- ✓You prefer refuelling at BPCL petrol pumps along with making other spends on Bharat Gas website & mobile app
- ✓You spend a considerable amount on groceries, dining, and movies and can maximize the accelerated value-back
- ✓You are comfortable redeeming reward points exclusively for BPCL fuel vouchers and do not require other redemption options
Earning & Redemption
How You Earn
| Category | Reward rate | Yield % | Cap |
|---|---|---|---|
| BPCL Fuel & Lubricants | 25 Reward Points (RP) per ₹100 | 7.25% | 2,500 RP per billing cycle |
| Bharat Gas (App/Web only) | 25 RP per ₹100 | 6.25% | 500 RP per billing cycle |
| Dining, Grocery & Movies | 10 RP per ₹100 | 2.50% | 7,500 RP per month |
| Other Retail Spends | 1 RP per ₹100 | 0.25% | No Upper Cap |
| Excluded Categories | No Points Earned | 0.0% | — |
Milestone Rewards
| Spend | Benefit | Value | Summary |
|---|---|---|---|
| ₹2 Lakh | Fee Waiver | ₹1,499 + GST Savings | Annual fee for the following year is waived upon hitting this target. |
| ₹3 Lakh | Gift Voucher | ₹2,000 E-Voucher | Choice of Yatra, Aditya Birla Fashion, or Bata/Hush Puppies vouchers. |
Redemption Value
| Channel | Value per point | Verdict |
|---|---|---|
| Insta-Redeem (BPCL Pumps) | ₹0.25 per point4:1 Ratio | Best Value (No redemption fee at participating bunks) |
| Statement Credit (Cash) | ₹0.25 per point4:1 Ratio | Flexible (Multiples of 4,000 points only) |
| Vouchers / Gift Catalog | ₹0.25 per point4:1 Ratio | Avoid (₹99 + GST redemption fee applies) |
What You Need to Know
New 4k Redemption Block
Effective April 1, 2026, statement credit is only possible in multiples of 4,000 RP.
Impact: Forces users to 'hoard' points until they reach ₹1,000 blocks for cashback.
Surcharge Waiver Cap
1% waiver valid on transactions up to ₹4,000 only (Max ₹100/mo).
Impact: Transactions above ₹4k or monthly spend above ₹10k will incur a net cost.
Statement Credit Limit
Total cash redemption is now capped at 60,000 RP (₹15,000) per month.
Impact: Prevents large point dumps; high spenders must space out redemptions.
BPCL PIN-Labs Requirement
Insta-redeem only works at BPCL pumps with specialized PIN-Labs POS machines.
Impact: User must verify station compatibility before attempting to pay via points.
Essential Fine Print
Reward Exclusions
Non-Reward Transactions: Reward points are not accrued on Rent payments, Wallet loads, Cash Advances, Balance Transfers, Encash, and Flexipay.
Welcome Offer
Welcome Reward Points
6,000 Reward Points (worth ₹1,500) credited upon payment of the joining fee.
Lounge Access
Domestic Lounge Access
4 complimentary visits to domestic Visa lounges per year, limited to 1 visit per quarter.
Dining Benefits
Dining Rewards
10 Reward Points for every ₹100 spent at dining outlets.
Milestone Benefits
Spend Milestone
E-Gift Voucher worth ₹2,000 from brands like Aditya Birla Fashion, Yatra, or Bata on annual spends of ₹3,00,000.
Renewal Fee Waiver
Annual fee reversal on reaching ₹2,00,000 in annual spends.
Additional Features
Insurance Cover
Complimentary Personal Accidental Death Cover (Air/Non-Air) of ₹10 Lakhs and Fraud Liability Cover of ₹1 Lakh.
Accelerated Rewards
10 Reward Points on every ₹100 spent on Dining, Groceries, Departmental stores, and Movies (up to 7,500 points per cycle).
Fees & Charges
| Fee Type | Amount / Details |
|---|---|
| Joining Fee | ₹1,499 |
| Annual / Renewal Fee | ₹1,499 |
| Fee Waiver Threshold | Spend ₹2,00,000 annually |
| Forex Markup | 3.5% |
| Reward Redemption Fee | ₹99 per redemption |
| Fuel Surcharge Waiver | 1% surcharge |
Eligibility Criteria
Age
Primary cardholder must be between 21 and 70 years of age.
Income
Must have a steady, verifiable income.
Ready to apply for BPCL Octane?
Annual fee: ₹1,499 · Waived on ₹2,00,000 spend
Frequently Asked Questions
Annual fee
₹1,499
0.25% – 7.25% yield