BPCL SBI Card Octane Credit Card Review, Benefits, Features and Eligible Criteria

The BPCL SBI Card Octane Credit Card is a co-branded credit card offered by State Bank of India (SBI) in association with Bharat Petroleum Corporation Limited (BPCL). This credit card is designed to cater specifically to the needs of BPCL customers and provides a range of benefits and rewards related to fuel purchases and other expenses. Here are some key features and benefits of the BPCL SBI Card Octane Credit Card:

1. Welcome Benefits: As a new cardholder, you can enjoy attractive welcome benefits such as bonus reward points or fuel vouchers upon card activation.

2. Fuel Benefits: This card offers accelerated rewards and savings on fuel purchases at BPCL petrol pumps. You can earn accelerated reward points on fuel transactions and also receive fuel surcharge waivers at participating outlets.

3. Reward Points: With every purchase made using the BPCL SBI Card Octane Credit Card, you can earn reward points. These points can be accumulated and redeemed for a wide range of rewards such as merchandise, gift vouchers, and more.

4. Milestone Benefits: On reaching specific spending milestones, you can earn additional rewards or bonus points. These milestones vary and may include annual spending targets or specific transaction types.

5. Contactless Payments: The card comes with a contactless payment feature that allows you to make quick and secure transactions by simply tapping your card on the payment terminal.

6. Worldwide Acceptance: The BPCL SBI Card Octane Credit Card is accepted globally, enabling you to use it for both domestic and international transactions.

7. Add-on Cards: You can also avail of add-on cards for your family members, providing them with the convenience and benefits of the BPCL SBI Card Octane Credit Card.

It’s important to note that specific terms and conditions, fees, and eligibility criteria may apply to the BPCL SBI Card Octane Credit Card. It is recommended to review the latest information from SBI or BPCL regarding this credit card before applying.

Benefits of BPCL SBI Card Octane Credit Card

Welcome Gift:

Upon payment of the annual fees, cardholders will receive 6000 bonus reward points, equivalent to INR 1500. These reward points will be credited to the cardholder’s account within 30 days of the annual fee payment.

Value Back Benefits:

Cardholders can enjoy 7.25% value back, which is equivalent to 25X reward points, on fuel purchases at BPCL petrol pumps. The maximum reward points that can be earned per billing cycle is 2500. Additionally, there is a 6.25% fuel surcharge waiver along with an additional 1% waiver on every BPCL transaction up to ₹4000 (exclusive of GST and other charges).

Reward Benefits:

For BPCL Fuel, Lubricants & Bharat Gas (Website and app only) spends, cardholders can earn 25 reward points for every ₹100 spent. For Dining, Departmental Stores, Grocery & Movies, cardholders can earn 10 reward points for every ₹100 spent, with a maximum of 7500 reward points per month.

Fuel Freedom Benefits:

Cardholders enjoy the benefit of not paying the 1% fuel surcharge at all BPCL petrol pumps in India, for transactions up to ₹4000 (exclusive of GST and other charges). The maximum fuel surcharge waiver is ₹100 per statement cycle per credit card account, resulting in an annual savings of ₹1200.

Lounge Access Benefit:

Cardholders are entitled to 4 complimentary visits per calendar year to Domestic VISA lounges in India, with a maximum of 1 visit per quarter.

Milestone Privileges:

On annual spends of INR 3 Lakhs, cardholders can avail e-gift vouchers worth ₹2000 from Aditya Birla Fashion, Yatra, or Bata/Hush Puppies.

Other Benefits:

Additional benefits include a complimentary fraud liability cover of ₹1 Lakh, spend-based fee reversal benefit (fee waiver on annual spends of ₹2 lakhs), instant redemption of reward points at select BPCL petrol pumps, and the option to redeem rewards points at the Shop & Smile Rewards Catalogue.

Features of BPCL SBI Card Octane Credit Card

Contactless Advantage:

The BPCL SBI Card OCTANE offers a contactless payment feature, allowing cardholders to simply wave their card at a secure reader to complete transactions. This offers a fast and convenient way to make everyday small-ticket purchases without the need for cash or coins. The card never leaves the cardholder’s hand during a contactless transaction, reducing the risk of card loss and fraud. The unique security key feature of Visa payWave ensures that only one transaction goes through, enhancing security.

Worldwide Acceptance:

The BPCL SBI Card OCTANE is an international credit card that can be used at over 24 million outlets worldwide, including 325,000 outlets in India. Cardholders can make payments at any outlet that accepts Visa or MasterCard.

Add-on Cards:

Cardholders can empower their family members by providing them with add-on cards. Add-on cards can be availed for parents, spouse, children, or siblings above the age of 18 years.

Utility Bill Payment:

The Easy Bill Pay facility on the BPCL SBI Card allows cardholders to conveniently pay their electricity, telephone, mobile, and other utility bills.

Balance Transfer on EMI:

Cardholders can transfer the outstanding balance from other banks’ credit cards to their BPCL SBI Card OCTANE and avail a lower rate of interest. The transferred balance can be repaid in easy EMIs.


With Flexipay, cardholders can convert their transactions of Rs. 2,500 or more into easy monthly installments. This allows for greater flexibility in managing payments.

Easy Money Facility:

The Easy Money facility enables cardholders to get a draft or cheque against their cash limit, which can be delivered to their doorstep for added convenience.

Fees and Charges


  • Joining fee (one-time): Rs. 1499 + GST
  • Renewal fee (per annum): Rs. 1499 + GST, applicable from the second year onwards. The renewal fee can be reversed if the annual spends for the last year are equal to or greater than Rs. 200,000.
  • Add-on fee (per annum): Nil

Order of Payment Settlement:

Payments made for a cardholder account will be settled in the following order: Minimum Amount Due (inclusive of applicable taxes and EMI on EMI-based products), Fees & Other Charges, Interest charges, Balance Transfer Outstanding, Purchase Outstanding, and Cash Advance.

Other Information:

  • Cheques payable outside the clearing zones are not accepted. Only local cheques or drafts payable in Delhi are accepted as payment methods.
  • All taxes will be charged as applicable on the fees, interest, and other charges.
  • The value proposition of the co-brand product may be funded jointly by SBI Card and the co-brand partner, and there may be fee and revenue sharing between the two parties.
  •  Your continued use of the card will be considered as acceptance of any amendments to the terms and conditions.

For assistance, please contact the SBI Card helpline at:
– Dial 39 02 02 02 (prefix local STD code) or 1860 180 1290

Please note that the information provided in this communication is correct as of July 2018 and is subject to change at the discretion of SBICPSL (SBI Card). The Most Important Terms and Conditions of SBI Card are available on their website www.sbicard.com.

“SBICPSL” may engage, hire, or use the services of agents or third parties for marketing, sales, or other related services on its behalf. Customers may need to interact with such agents, third parties, or service providers regarding the products/services.


The BPCL SBI Card Octane Credit Card offers several benefits and features tailored towards fuel purchases and lifestyle expenses. With attractive rewards, fuel surcharge waivers, lounge access, milestone privileges, and contactless payment capabilities, this card aims to provide value and convenience to cardholders. Additionally, it offers flexibility through balance transfer options, easy money facilities, and add-on cards for family members. It’s important to review the terms and conditions, including the fees and charges, to ensure a clear understanding of the card’s usage and associated costs. For specific inquiries or detailed information, I recommend reaching out to the SBI Card helpline at the provided contact numbers.

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