Research coverage — 15/16 categories
SBI · Visa / RuPay
BPCL SBI Card OCTANE
Best forFuel & Utilities
Earns25 RP/₹100 on fuel — only at BPCL outlets / petrol pumps
1st Year / Joining Fee
₹1,499 + taxes
Renewal Fee
₹1,499 + taxes
charged every year for BPCL SBI Card OCTANE
Fee waiver
₹2,00,000
annual spend
Network
Visa / RuPay
SBI
BPCL SBI Card OCTANE
Visa / RuPayWhy this card may suit you
Based on the card's verified terms.
- Best suited to spending on fuel and utilities, where it earns 25 RP/₹100 (only at BPCL outlets / petrol pumps)
- Annual fee is waived at ₹2,00,000 yearly spend
How you earn
Reward rates at a glance — exactly as recorded for this card.
FuelOnly at BPCL outlets / petrol pumps25 RP/₹100
UtilitiesOnly at Bharat Gas (Website & App)25 RP/₹100
Groceries10 RP/₹100
Dining10 RP/₹100
Education1 RP/₹100
All 16 reward categories · 15 of 16 categories verified
| Category | Rate | Cap | Condition |
|---|---|---|---|
| Rent | Not eligible | — | Reward points on Rent Payment transactions (MCC 6513) discontinued w.e.fDetails
|
| Education | 1 RP/₹100 | — | 1 Reward Point per ₹100 on education spends (1 RP = ₹0.25)Details
|
| Insurance | 1 RP/₹100 | — | 1 Reward Point per ₹100 on insurance spends (1 RP = ₹0.25)Details
|
| Utilities | 1 RP/₹100 | — | 25X on Bharat Gas LPG cylinder bookings on website & app (capped at 500 RP/cycle)Details
|
| Fuel | 25 RP/₹100 | 2,500 RP per statement | Only at BPCL outlets / petrol pumpsDetails
|
| Groceries | 10 RP/₹100 | 7,500 RP per month | 10X Reward Points (10 RP/₹100) on Groceries (MCC 5411Details
|
| Dining | 10 RP/₹100 | 7,500 RP per month | 10X Reward Points (10 RP/₹100) on Dining (MCC 5812, 5813, 5814), subject to shared monthly cap of 7,500 RP across Groceries, Dept Stores, Movies & DiningDetails
|
| Food Delivery | 1 RP/₹100 | — | 1 Reward Point per ₹100 on retail food delivery spends (1 RP = ₹0.25)Details
|
| Shopping | 1 RP/₹100 | — | 1 Reward Point per ₹100 on retail shopping (1 RP = ₹0.25)Details
|
| Travel | 1 RP/₹100 | — | 1 Reward Point per ₹100 on retail travel spends (1 RP = ₹0.25)Details
|
| Government | 1 RP/₹100 | — | 1 Reward Point per ₹100 on government spends (1 RP = ₹0.25)Details
|
| Wallet | No reward | — | —Details
|
| Railways | 1 RP/₹100 | — | 1 Reward Point per ₹100 on retail railway ticket purchases (1 RP = ₹0.25)Details
|
| FASTag | Varies | — | Depends on how the transaction is processedDetails
|
| Jewellery | 1 RP/₹100 | — | 1 Reward Point per ₹100 on jewellery spends (1 RP = ₹0.25)Details
|
| Telecom | 1 RP/₹100 | — | 1 Reward Point per ₹100 on telecom spends (1 RP = ₹0.25)Details
|
“—” means not established. “Research pending” is not zero: it means DhanChakshu has not finished verifying that category, so it is not counted.
Cost & caps
What it costs to hold, and where rewards stop.
1st Year / Joining Fee
₹1,499 + taxes
Renewal Fee
₹1,499 + taxes
charged every year for BPCL SBI Card OCTANE
Fee waiver
₹2,00,000
annual spend
Reward caps
- Fuel — 2,500 RP / statement (per category — Fuel)
- Groceries / Dining / Movies / Dept Stores (10X) — 7,500 RP / month (shared cap — Groceries / Dining / Movies / Dept Stores (10X))
- Utilities (Bharat Gas LPG) — 500 RP / statement (per category — Utilities (Bharat Gas LPG))
Spending thresholds
- Spend ₹2,00,000 per card year → annual fee waived
Key benefits
Rewards
25 RP/₹100 on fuel (only at BPCL outlets / petrol pumps)
Fuel surcharge waiver
25X on BPCL fuel (capped 2,500 RP/cycle) + 1% fuel surcharge waiver up to ₹100/mo (7.25% value back)
Foreign-currency markup
3.5% foreign-currency markup — Charged on every foreign-currency transaction (BPCL SBI Card OCTANE)
Fee waiver
Annual fee waived on ₹2,00,000 annual spend
Important to know
Limits and exclusions that change what you earn.
- Fuel reward (25 RP/₹100) applies only at BPCL outlets / petrol pumps — not to all fuel spends
- Fuel rewards are capped at 2,500 RP / statement (per category — Fuel)
- Groceries / Dining / Movies / Dept Stores (10X) rewards are capped at 7,500 RP / month (shared cap — Groceries / Dining / Movies / Dept Stores (10X))
- No reward on: Wallet
- Not eligible: Rent
- Spend ₹2,00,000 per card year → annual fee waived
Who should consider this card
✓ Good fit if
- Your spending is concentrated in fuel, utilities, groceries
- You regularly spend only at BPCL outlets / petrol pumps
- You can reach the ₹2,00,000 annual spend that waives the fee
△ Less useful if
- Much of your spending is in rent, wallet, which earn nothing
- Your spending is not only at BPCL outlets / petrol pumps
- You cannot reach the fee-waiver spend and would pay the annual fee
Full details
Everything else, expanded on demand.
Caps & exclusions · 3 caps · 2 no-reward categories
Caps
- Fuel — 2,500 RP / statement (per category — Fuel)
- Groceries / Dining / Movies / Dept Stores (10X) — 7,500 RP / month (shared cap — Groceries / Dining / Movies / Dept Stores (10X))
- Utilities (Bharat Gas LPG) — 500 RP / statement (per category — Utilities (Bharat Gas LPG))
Categories with no reward or not eligible
- Rent — Not eligible. Reward points on Rent Payment transactions (MCC 6513) discontinued w.e.f.
- Wallet — No reward.
Milestones · 1 recorded
- Spend ₹2,00,000 per card year → benefit worth ₹1,499 — Annual fee waiver: the renewal fee is waived on annual spends of Rs.2 Lakh or more in the preceding year. Source: SBI Cards - Most Important Terms & Conditions, Section 1.A Annual Fees & Renewal Fees (fee table, pages 1-11).
Eligibility
Subject to SBI's underwriting and eligibility criteria. See the issuer's terms for current requirements.
Specifications
- Payment network: Visa / RuPay
- Airport lounge: Not recorded by DhanChakshu — check the issuer terms
- Fuel surcharge waiver: 25X on BPCL fuel (capped 2,500 RP/cycle) + 1% fuel surcharge waiver up to ₹100/mo (7.25% value back)
- Foreign-currency markup: 3.5% foreign-currency markup — Charged on every foreign-currency transaction (BPCL SBI Card OCTANE). The exchange rate is determined by the network (VISA/Mastercard etc.) on the date the transaction is settled with SBI Card.
Other fees and charges
- Renewal fee ₹1,499 plus applicable taxes, charged every year for BPCL SBI Card OCTANE
- Over-limit fee: 2.5% of the amount above the credit limit or ₹600, whichever is higher, charged once per billing cycle
- Payment dishonour fee: 2% of the payment amount, subject to a minimum of ₹500
- Cheque payment fee ₹200
- Card replacement fee between ₹100 and ₹250 depending on the card variant
What DhanChakshu couldn't fully verify · 2 areas
2 areas need further verification. None of these are counted as zero.
- • FASTag — depends on how the transaction is processed
- • Lounge benefit — not recorded; check the issuer terms
Sources & verification
Verification & sources · last checked 2026-10-11
Verification coverage: 15 of 16 categories verified · 1 still being verified
Card record last checked: 2026-10-11
Documents used
BPCL SBI Card OCTANE - Cardholder Agreement & Reward Point Program T&C · SBI-OCTANE-TNC-2026 · 2026-10-11
SBI MITC · SBI MITC
SBI Cards - Most Important Terms & Conditions · SBI-MITC-UPLOAD-2026-10 · 2026-10-08