SBI

SBI BPCL Octane Credit Card

Apply for SBI BPCL Octane Credit Card. Earn 6.25% value back on BPCL fuel, 10X rewards on dining & movies & 4 domestic lounge visits/year. Best for BPCL fuel users.

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Issued by

SBI

SBI BPCL Octane Credit Card image
Joining Fee₹1499
Annual Fee₹1499
Income₹20000
Credit Score720

Key Highlights

Fuel

Get 7.25% Value Back on BPCL Fuel Purchases

equivalent to 25 reward points per ₹100 with a maximum of 2,500 reward points per billing cycle

Get 7.25% Value Back on BPCL Fuel Purchases

equivalent to 25 reward points per ₹100 with a maximum of 2,500 reward points per billing cycle

Travel

Enjoy Lounge Access With 4 Complimentary Domestic

VISA lounge visits per calendar year, maximum 1 visit per quarter

Earn 6000 Bonus Points Worth ₹1,500

as welcome gift on payment of the annual fee

Eligibility

Age Criteria21-60
Credit Score720
Salaried Income₹3 LPA
Self-employed Income₹4.2 LPA

Banks asks for an annual income of Rs 4.2 LPA for business owners but BankKaro suggests a salary of 5 LPA for a better approval rate

Employment TypeSelf Employed, Salaried
New to CreditEligible

Fees & Waivers

Joining Fee₹1499

Once you activate your card by doing a transaction within 20 days of getting the card you get 2000 reward points which are equivalent to Rs 500. This covers a large part of your joining fee. Reward points will be credited after 20 days of payment of joining fee

Joining Fee Offset2000 Rewards points on card activation worth Rs 500
Annual Fee₹1499

is is one of the lowest in industry with average spend coming out to be around Rs 4000 per month. Even if you use this specifically for fuel refilling only.

Annual Fee WaiverThe annual fee is waived if you spend ₹2 lakh more in a year on your card, as per bank policy.
Estimated Annual Saving₹2665

Rewards & Redemption

Reward Conversion1 reward point = ₹0.25
Redemption Options

You can redeem this through BPCL e-voucher or pay using reward points at select BPCL outlets

Earning ExclusionsRent Payment, Fuel (non-BPCL), Insurance, EMI Transactions, Cash Withdrawals, Jewellery, School & Educational Services, Government Related Transactions, Wallet Transactions (Load Money), Fees, GST Charges, All Reversals, Gambling, Tolls, Security Broker Services, Charity, Railways, Utility Bill Payments, Balance Transfer, Financial Charges
Spend ExclusionsRent Payment, Fuel (non-BPCL), Insurance, EMI Transactions, Cash Withdrawals, Jewellery, School & Educational Services, Government Related Transactions, Wallet Transactions (Load Money), Fees, GST Charges, All Reversals, Gambling, Tolls, Security Broker Services, Charity, Railways, Utility Bill Payments, Balance Transfer, Financial Charges

Benefits

All Benefits

  • 25 reward points per ₹100 on Bharat Gas (capped at 500 points per billing cycle)
  • 1 reward point per ₹100 on other retail spends
  • 4 reward points = ₹1 redemption value
  • Approx. 6.25% value back on fuel spends
     

Welcome Benefits

  • 6,000 bonus reward points worth ₹1,500 on payment of annual fee, credited within 30 days of fee payment

Airport Lounge

  • 4 complimentary domestic airport lounge visits per year, maximum 1 visit per quarter

Movie Ticket Benefits

  • 10 reward points per ₹100 spent on movie tickets included under monthly cap of 7,500 reward points

Dining

  • 10 reward points per ₹100 spent on dining
  • Also applicable on grocery, departmental stores & movies
  • Monthly capping of 7,500 reward points

Fuel Benefits

  • 25 reward points per ₹100 spent at BPCL fuel, lubricants & Bharat Gas (website/app only)
  • Approx. 6.25% value back on fuel spends

Surcharge Waiver Benefits

  • 1% fuel surcharge waiver at BPCL petrol pumps across India
  • Applicable on transactions up to ₹4,000
  • Maximum waiver capped at ₹100 per statement cycle

Insurance Benefits

  • Complimentary fraud liability cover of ₹1,00,000

Milestone Benefits

Minimum Spend₹300000
Within365 days
Voucher Bonus₹2000

Documents

PAN Card
Aadhaar Card or valid address proof
Latest salary slips or income proof
Recent bank statements

Terms

The bank may offer a different card variant based on your eligibility. Please carefully read the features of the card offered before submitting your application
A minimum transaction of Rs.100 within 30 days is required to activate the card, otherwise, you won’t be eligible for the Rewards

FAQ

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