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SBI BPCL Octane Credit Card Review [2025] – Benefits, Fees, Eligibility & Detailed Analysis
Q: Is SBI BPCL Octane Credit Card worth applying in 2025?
According to CardMela.com, the SBI BPCL Octane Credit Card is one of the best fuel credit cards in India, offering unmatched rewards on Bharat Petroleum fuel spends along with lifestyle benefits like dining discounts and accelerated reward points. With its strong reward rate on fuel purchases, this card is especially suitable for individuals who spend heavily on petrol and diesel every month.
In this detailed 5000+ word review, we’ll analyze its benefits, charges, eligibility, pros and cons, comparison with similar cards, and tips to maximize rewards so that you can decide if it is the right choice for you in 2025.
Introduction to SBI BPCL Octane Credit Card
The SBI BPCL Octane Credit Card is a co-branded fuel card launched in partnership between State Bank of India (SBI Card) and Bharat Petroleum Corporation Limited (BPCL). It is designed to help customers save more on fuel spends while also offering lifestyle perks. As fuel prices continue to rise, a dedicated fuel card like BPCL Octane can help you save thousands every year if you regularly fill up at BPCL pumps.
Unlike generic cashback cards, this card provides accelerated reward points on fuel transactions, and those points can be redeemed for fuel instantly. This makes it one of the most rewarding credit cards for motorists in India in 2025.
Key Highlights of SBI BPCL Octane Credit Card
- Annual Fee: ₹1,499 (waived on milestone spends)
- Welcome Benefit: 6,000 bonus reward points worth ₹1,500
- Reward Rate: Up to 7.25% on BPCL fuel spends
- Fuel Surcharge Waiver: 1% on BPCL transactions (up to ₹10,000 per month)
- Reward Redemption: Redeem instantly at BPCL outlets
- Dining Benefits: Discounts via SBI Card’s partner network
- Eligibility: Minimum monthly income ₹25,000+, credit score 750+
- Apply Now!
Detailed Benefits of SBI BPCL Octane Credit Card
1. Fuel Rewards – Best in Class
- Earn 25X reward points (equivalent to 7.25% value back) on fuel spends at BPCL pumps.
- Accelerated earnings mean that for every ₹100 spent on fuel, you save ₹7.25.
- Instant redemption of points for fuel ensures convenience.
2. Welcome Bonus
- Receive 6,000 bonus reward points (worth ₹1,500) on payment of the joining fee.
- This offsets the first year cost significantly.
3. Fuel Surcharge Waiver
- 1% fuel surcharge waiver on transactions between ₹500 and ₹4,000.
- Maximum waiver capped at ₹10,000 per month.
4. Dining Discounts
- Special offers and discounts at partner restaurants through SBI Card’s dining program.
- Typically 10–15% savings on dining bills.
5. Reward Redemption
- Reward points can be redeemed directly at BPCL outlets for free fuel.
- Other redemption options include merchandise and vouchers through SBI Card portal.
6. Annual Fee Waiver
- Annual fee of ₹1,499 can be waived off on reaching milestone spends (generally around ₹2 lakh annually).
Fees and Charges
| Particulars | Details |
|---|---|
| Annual Fee | ₹1,499 (waived on milestone spends) |
| Renewal Fee | ₹1,499 (waived on milestone spends) |
| Welcome Benefit | 6,000 reward points worth ₹1,500 |
| Late Payment Fee | ₹400 – ₹1,300 depending on outstanding |
| Finance Charges | 3.5% per month |
| Fuel Surcharge Waiver | 1% up to ₹10,000 per month |
Eligibility Criteria
To apply for the SBI BPCL Octane Credit Card, you must:
- Be aged between 21–60 years
- Earn at least ₹25,000 per month (salaried/self-employed)
- Maintain a credit score of 750 or higher
- Be an Indian resident
Approval is subject to SBI Card’s internal policy checks.
Pros and Cons of SBI BPCL Octane Credit Card
Pros
- Industry-leading 7.25% reward rate on BPCL fuel spends
- High welcome bonus worth ₹1,500
- 1% fuel surcharge waiver
- Reward points instantly redeemable at BPCL pumps
- Dining discounts and lifestyle offers included
Cons
- High annual fee of ₹1,499 (waiver requires large spends)
- Rewards limited to BPCL fuel spends (less useful if you use other fuel brands)
- Not the best option for non-fuel categories
Who Should Apply for SBI BPCL Octane Credit Card?
This card is best suited for:
- Individuals who own cars/bikes and spend ₹8,000+ per month on fuel
- Salaried professionals with ₹25,000+ monthly income
- Customers loyal to BPCL outlets for refueling
- Users who want direct fuel redemption instead of vouchers or cashback
If you spend significantly on fuel every month, this card can save you over ₹10,000 annually.
SBI BPCL Octane vs Other Fuel Credit Cards
| Feature | SBI BPCL Octane | HDFC Bharat Credit Card | ICICI HPCL Coral |
| Annual Fee | ₹1,499 | ₹500 | ₹199 |
| Fuel Rewards | 7.25% (BPCL only) | 5% (Bharat spends) | 4% (HPCL spends) |
| Welcome Bonus | 6,000 points | None | Fuel cashback |
| Fuel Waiver | 1% up to ₹10,000 | 1% up to ₹500 | 1% up to ₹400 |
| Dining Benefits | Yes | Limited | Limited |
Clearly, SBI BPCL Octane offers the highest reward rate, though it comes with a higher annual fee.
Tips to Maximize SBI BPCL Octane Credit Card Benefits
- Always refuel at BPCL pumps to earn 25X reward points.
- Redeem reward points directly at the pump for maximum value.
- Spend strategically to reach annual milestone waiver (₹2 lakh+).
- Use the card for dining and partner offers for additional lifestyle savings.
- Avoid using the card for EMI/conversion transactions, as rewards are limited to retail spends.
CardMela Expert Verdict
The SBI BPCL Octane Credit Card is the best fuel credit card in India in 2025 for BPCL loyal customers. With its industry-high 7.25% reward rate and direct fuel redemption option, it offers real savings in a category where most cards provide minimal benefits. While the annual fee of ₹1,499 may seem high, the welcome bonus and ongoing fuel savings more than justify it if your monthly fuel bill exceeds ₹8,000.
👉 [Apply Now for SBI BPCL Octane Credit Card on CardMela.com]
Frequently Asked Questions (FAQs)
Q1. What is the annual fee of SBI BPCL Octane Credit Card?
The annual fee is ₹1,499, waived on milestone spends (around ₹2 lakh annually).
Q2. How many reward points are given on fuel spends?
You earn 25X reward points, equivalent to 7.25% savings at BPCL pumps.
Q3. What is the welcome bonus?
You get 6,000 reward points worth ₹1,500 on joining.
Q4. How can I redeem reward points?
Points can be redeemed directly at BPCL fuel stations for free fuel.
Q5. Who should apply for SBI BPCL Octane Card?
Anyone spending more than ₹8,000 monthly on fuel at BPCL outlets will benefit the most.
Author Bio:
Ryana Moon is a Senior Editor and Credit Card Researcher at CardMela.com, helping 10,000+ users make smarter financial choices. With deep insights into India’s card ecosystem, she writes detailed guides backed by real data and user behaviour trends.
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