BPCL SBI Card OCTANE
SBI Card · Open to apply
A BPCL fuel card: 25 points per ₹100 at BPCL pumps (a 6.25% return, 7.25% with the surcharge waiver, up to 2,500 points a statement), 10 points per ₹100 on dining, groceries and movies up to 7,500 points a month, and 1 point per ₹100 elsewhere. Points are worth ₹0.25 each.
- Annual fee
- ₹1,499 + GST a year
- Joining fee
- ₹1,499 + GST
- Fee waiver
- Annual fee waived on ₹2,00,000 spend per card year
- Base rate
- 1 point per ₹100 on other retail spends: 1 SBI Card Reward Points per ₹100 (about 0.25% at cash value)
- Lounges
- Domestic: 4 visits a calendar year
- Forex markup
- 3.5%
- Data
- From bank documents, checked 6 Nov 2026
Main earn rates
- 25 points per ₹100 at BPCL pumps: 25 SBI Card Reward Points per ₹100 (about 6.25% at cash value)
- 10 points per ₹100 on dining, groceries, departmental stores and movies: 10 SBI Card Reward Points per ₹100 (about 2.5% at cash value)
Earns nothing on
- No points at other petrol pumps and service stations (MCCs 5172, 5541, 5542, 5983)
- No points on fuel paid by UPI at BPCL pumps (RuPay variant)
- No points on wallet loads (MCCs 6540, 6541)
- No points on rent (MCC 6513)
- No points on cash advances
- No points on Flexipay and Merchant EMI
Where the sources disagree
- Fuel surcharge waiver cap period: The product page says a maximum waiver of ₹100 per statement cycle per card account; the T&C says a maximum of ₹100 per month. The 2,500-point fuel cap is per statement cycle in both. We use the statement cycle.
Terms the calculator does not value
- Metro Cash & Carry and Walmart, under MCCs 5311 and 5411, do not get the accelerated rate (T&C exclusion); the calculator has no merchant for them, so spend there is not carved out of departmental stores or groceries.
- The T&C says "Reward Points can be earned for a maximum spend of ₹10000/- per month" without saying which spend. It matches the fuel cap (2,500 points is ₹10,000 at 25 per ₹100) and is read that way; if it limits all earning, the card is worth much less.
- Bharat Gas LPG bookings on the BPCL app earn 25 points per ₹100 up to 500 points a billing cycle; no calculator spend line covers them.
- Fuel points and the surcharge waiver depend on BPCL's merchant ID list held by SBI Card, updated monthly on a best-effort basis; a pump missing from the list earns nothing accelerated.
Sources
- SBI Card Key Fact Statement (file dated 26 Aug 2026) (Schedule of charges, the bank's own, read 20 Oct 2026)
- SBI Card Most Important Terms and Conditions, common MITC (index date 2026-09-14) (Most important terms (MITC), the bank's own, read 20 Oct 2026)
- SBI Card Important Notices page (29 Mar 2026 BPCL, late-fee and redemption notices) (Bank notice, the bank's own, read 20 Oct 2026)
- SBI Card Domestic Airport Lounge Access Program notice, w.e.f. 10 Jan 2026 (Set A and Set B) (Bank notice, the bank's own, read 20 Oct 2026)
- SBI Card apply page, eligibility (Product page, the bank's own, read 20 Oct 2026)
- BPCL SBI Card OCTANE product-page data file (fees, rates, caps, milestone, lounge, FAQs) (Product page, the bank's own, read 20 Oct 2026)
- BPCL SBI Card OCTANE Terms and Conditions booklet (PDF created 27 Aug 2026, modified 16 Sep 2026) (Reward terms, the bank's own, read 20 Oct 2026)