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FuelReward points
SBI Card · Visa

BPCL SBI Card Octane

25 reward points per ₹100 at BPCL outlets — about 7.25% value back on fuel

2.6/5
Best for heavy car users who can fuel at bpcl
At a glance
Joining fee
₹1,499
Annual fee
₹1,499 + GST
Fee waived at
₹2,00,000 annual spend
Effective return
2.5%
Forex markup
3.50%
Lounge access
4 domestic · 0 international
Min. income
₹3,60,000/yr
Min. credit score
730+
Check your eligibility

On SBI Card’s secure site. Checking eligibility is a soft enquiry.

Our verdict

If you spend ₹8,000 a month on fuel and a BPCL pump is convenient, this returns roughly ₹7,000 a year against a ₹1,499 fee. If BPCL is not convenient, none of that applies.

How we scored it

Credsir rating
2.6/5
Rewards
2.5
Fees
4.7
Perks
0.4
Accessibility
4.0

Rewards carry 40% of the weight, perks 25%, fees 20% and accessibility 15%. The score is computed from the fields above, not assigned. See the full method on our methodology page.

What works, what does not

What works
  • Highest fuel return available on any Indian credit card
  • Fuel surcharge waiver on top of the reward rate
  • Bonus points cover most of the first-year fee
What does not
  • Value is tied to BPCL specifically, not all fuel stations
  • Monthly cap on accelerated fuel points
  • Ordinary returns on non-fuel spending

The full cost

ChargeAmount
Joining fee₹1,499
Annual fee₹1,499
GST on annual fee (18%)₹270
Total annual cost₹1,769
Fee waiver threshold₹2,00,000 annual spend
Forex markup3.50% + GST on the markup
Fuel surcharge waiverYes, 1% (capped)
Finance charge if you revolveTypically 3.5%/month — about 42% a year

Data as of 15 Aug 2026Source: sbicard.comPending issuer verification

Worth knowing.The 18% GST on the annual fee is the number most comparisons quietly omit. A ₹2,500 card actually costs ₹2,950 a year. Factor that in before deciding whether the rewards clear the bar.

Is the fee worth it for you?

Put in your actual spending. The calculator works out the net value after the fee and its GST — the number that decides whether this card pays you or costs you.

₹1,000₹50,000₹50 L
01.5%15
₹0₹2,500₹1 L
₹0₹2,500₹5 L
₹0₹0₹2 L
Net value per year (ongoing)
₹6,050
  • Rewards + perks75%
  • Fee25%
Annual spend
₹6,00,000
Rewards earned
₹9,000
Annual fee incl. 18% GST
₹2,950
Net value in year 1
₹8,550
Effective return on spend
1.01%
Monthly spend to break even
₹16,389

What this means.A genuine 1.01% return. Remember the GST on the annual fee — most comparisons forget it, and it is 18% on top of the sticker fee.

Compare with

Worth knowing.Effective reward rate is our own blended estimate for a typical spend mix — not the accelerated rate an issuer advertises on one category. Annual fees are shown before the 18% GST that is charged on top. Verify current terms on the issuer’s site before applying; card terms change without notice.