With rising fuel prices and increased daily commuting, many Indian consumers are actively looking for ways to cut down on petrol and diesel costs. If you drive regularly or manage a vehicle-heavy lifestyle, the BPCL SBI Card Octane is a credit card worth your attention.
Launched in partnership between Bharat Petroleum Corporation Limited (BPCL) and the State Bank of India (SBI), this co-branded credit card is built for one purpose: to help you save more every time you refuel. But beyond fuel savings, it also offers rewards on other everyday spending categories, making it more than just a fuel card.
What Is the BPCL SBI Card Octane?
The BPCL SBI Card Octane is a premium fuel credit card tailored for individuals who frequently refuel at BPCL petrol pumps. It’s a step up from the regular BPCL SBI Card and offers higher rewards, greater fuel surcharge waivers, and additional lifestyle benefits.
Let’s take a closer look at what it offers.
Key Features of BPCL SBI Card Octane
1. 6.25% Value Back on Fuel Transactions
One of the biggest selling points is the high value-back on fuel spends. You earn 25 reward points for every ₹100 spent at BPCL fuel stations. Each point is worth ₹0.25, which effectively gives you a 6.25% return.
2. Annual Fee and Welcome Bonus
- Annual Fee: ₹1,499 + taxes
- Welcome Benefit: 6,000 bonus reward points (worth ₹1,500) on payment of the joining fee
This means if you use the card regularly, your welcome bonus almost offsets your first year’s annual fee.
3. Fuel Surcharge Waiver
You get a 1% fuel surcharge waiver on transactions up to ₹4,000 at BPCL pumps. This is in addition to the 6.25% value back-making it one of the highest overall savings on fuel in the Indian market.
4. Accelerated Rewards on Other Categories
Besides fuel, you also earn 10 reward points per ₹100 on:
- Grocery shopping
- Department store purchases
- Movie tickets
- Dining bills
This makes the card suitable even for everyday spending.
5. Easy Redemption Options
Reward points can be redeemed for:
- Fuel at BPCL stations through the BPCL Fuel Wallet App
- Gift vouchers and merchandise via SBI Card’s rewards portal
6. Contactless Payments & Global Acceptance
The card supports contactless transactions and is accepted at over 24 million outlets worldwide, including more than 3,25,000 outlets in India.
Who Should Get the BPCL SBI Card Octane?
This card is perfect for:
- Individuals who refuel frequently at BPCL petrol stations
- Families with one or more cars
- Daily commuters using personal vehicles
- Cardholders who prefer physical cards with high fuel savings and multiple lifestyle rewards
If you’re someone who spends at least ₹5,000–₹10,000 per month on fuel and groceries combined, this card can offer exceptional returns compared to regular cashback or rewards cards.
Things to Consider Before Applying
- Annual Fee: At ₹1,499, it’s on the higher side, so make sure your monthly spends justify the cost.
- Redemption Restrictions: Points are most valuable when used at BPCL outlets. If you’re looking for travel or premium lifestyle redemptions, you may want to explore other SBI cards.
- BPCL-Only Fuel Benefit: If you refuel at other fuel stations, the primary benefit of this card is lost.
Comparison: BPCL SBI Card vs Octane Version
| Feature | BPCL SBI Card | BPCL SBI Card Octane |
|---|---|---|
| Annual Fee | ₹499 | ₹1,499 |
| Fuel Reward Rate | 3.25% | 6.25% |
| Welcome Bonus | ₹500 worth | ₹1,500 worth |
| Extra Benefits | Basic | Premium (movies, dining, etc.) |
If you’re okay with a higher annual fee for better savings and perks, the Octane version offers much better long-term value.
Final Thoughts
The BPCL SBI Card Octane stands out as one of the best fuel credit cards in India, offering unmatched value on BPCL fuel purchases along with solid rewards across daily categories. For car owners, commuters, and families that rely on regular refueling, this card can translate to real monthly savings.
Just remember to check your nearest BPCL outlets, understand your average monthly fuel spends, and assess whether you’ll use the other lifestyle perks often enough to justify the annual fee.