SBI Bank BPCL SBI Card OCTANE
SBI Bank
Last updated: Feb 03, 2026
₹1,499
₹1,499
3.5%
4 visits/yr
Contents
The BPCL SBI Card OCTANE is a premium fuel credit card designed for high-value savings. It offers an exceptional reward rate on fuel purchases at BPCL pumps, along with accelerated benefits on dining, groceries, and movies. This card is ideal for individuals with significant fuel expenditure who also appreciate lifestyle perks like complimentary lounge access and valuable milestone rewards.
Features of SBI Bank BPCL SBI Card OCTANE which makes it unique
25X Fuel Rewards
Highest reward rate on fuel spends at BPCL pumps.
Significant savings (6.25%) on fuel.
Much higher than most fuel cards.
Rewards Structure of SBI Bank BPCL SBI Card OCTANE
Milestones of SBI Bank BPCL SBI Card OCTANE
Annual Spend Milestone
₹3,00,000 : ₹7,500 e-voucher (Aditya Birla Fashion, Yatra, or Bata)
Fees & Charges of SBI Bank BPCL SBI Card OCTANE
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹1,499 |
| Annual Fee | ₹1,499 |
| Forex Markup Fee | 3.5% |
| Cash Advance Fee | 2.5% |
| Late Payment Fee | ₹1,300 |
| Over Limit Fee | ₹600 |
| Returned Payment Fee | ₹500 |
| Cash Withdrawal Fee | 3% |
Renewal Conditions:Waived on ₹2,00,000 annual spend in the previous year.
Fee Explanation All fees are exclusive of GST. Late payment fees vary based on the outstanding balance.
Detailed Explanation of SBI Bank BPCL SBI Card OCTANE Fees
Annual Fee: 1499 (yearly)
Waived on ₹2L annual spend
Cash Advance Fee: 2.5% (transaction)
Minimum ₹500
Forex Markup Fee: 3.5% (transaction)
On all foreign currency transactions
Lounge Access Benefits with SBI Bank BPCL SBI Card OCTANE
domestic Lounges
silverVisits per year: 4
Guest access: No
1 visit per calendar quarter.
Insurance Coverage with SBI Bank BPCL SBI Card OCTANE
Fraud Liability
₹1,00,000Covers loss up to 48 hours pre-reporting.
Additional Features of SBI Bank BPCL SBI Card OCTANE
Contactless Payments
Tap and pay enabled for transactions up to ₹5,000.
Fuel Freedom
Redeem points instantly for fuel at BPCL outlets.
4 RPs = ₹1.
Welcome Bonus with SBI Bank BPCL SBI Card OCTANE
Welcome Bonus: 6,000 bonus Reward Points worth ₹1,500.
Bonus Conditions: Valid on payment of the annual joining fee.
Application Process for SBI Bank BPCL SBI Card OCTANE
Processing Time
7-10 business days
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Apply online on the Finanjo or SBI Card website
Complete video KYC or schedule biometric verification
Upload required income and address documents
Receive virtual card on approval, physical card dispatched in 7-10 days
Required Documents for SBI Bank BPCL SBI Card OCTANE
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
Income Proof
self_employedAccepted documents:
SBI Bank BPCL SBI Card OCTANE Merchant Acceptance Network
Domestic Acceptance
Widely accepted across India
International Acceptance
Accepted globally at all Visa merchants
Online Acceptance
Yes
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for SBI Bank BPCL SBI Card OCTANE
Quick Eligibility Check
Minimum Age
21+
Credit Score
750+
Citizenship
Indian only
Income Requirements
Salaried Applicants
₹60,000
Minimum annual income
Self-Employed Applicants
₹75,000
Minimum annual income
Who Can Apply
Important Conditions
- Customer must have a valid PAN, Aadhaar card, and proof of income.
How Approval Is Decided
- Minimum income ₹60,000/month (salaried) or ITR > ₹7.5LPA (self-employed)
- Resident of India
- Strong credit score, typically 750+
Pros of SBI Bank BPCL SBI Card OCTANE
- Excellent savings for high fuel consumers
- Good rewards on everyday spends (dining, grocery)
- Valuable milestone voucher
- Complimentary lounge access
Cons of SBI Bank BPCL SBI Card OCTANE
- High joining and annual fee (₹1,499)
- Reward points are capped monthly
- Benefits are heavily skewed towards BPCL customers
- High forex markup fee (3.5%)
Frequently Asked Questions about SBI Bank BPCL SBI Card OCTANE
What is the joining and annual fee for this card?
The joining and annual fee is ₹1,499 + GST. The annual fee is waived if you spend ₹2,00,000 or more in the previous year.
How do the 25X reward points on fuel work?
You earn 25 Reward Points for every ₹100 spent on fuel at BPCL pumps, up to a maximum of 2,500 points per month.
What is the value of one Reward Point?
When redeeming for fuel vouchers at BPCL, 4 Reward Points are equivalent to ₹1. This gives an effective value of ₹0.25 per point.
Does this card offer complimentary lounge access?
Yes, you get 4 complimentary domestic lounge visits per year, limited to one visit per calendar quarter.
Are there any milestone benefits?
Yes, on achieving annual spends of ₹3,00,000, you will receive an e-voucher worth ₹7,500 from brands like Yatra, Bata, or Aditya Birla Fashion.
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