Annual fee₹1,499+ GST
Forex markup3.5%
Interest3.75%a month
NetworkVisa
You earn
Perks & rules
What changed
15 Apr 2024Rent payments stopped earning points
Worth it?
See what it pays back on your spending, after the fee.Run the numbers
All the fine printEvery detail from the bank's documents, in one place
How you earn
Rewards asReward points
Base rate1 point per ₹100 on other retail spends (0.25%)
Higher rates
- BPCL fuel: 25 points per ₹100 at BPCL pumps: 6.25% + 1% surcharge waiver = '7.25% value back'
- Bharat Gas: 25 points per ₹100 on Bharat Gas website/app
- Grocery, dining, movies: 10 points per ₹100 (2.5%) on groceries, departmental stores, movies and dining
Limits
- BPCL fuel: up to 2,500 points per statement cycle
- Bharat Gas: up to 500 points per billing cycle
- Grocery/departmental/movies/dining: up to 7,500 points a month
- 'Reward Points can be earned for a maximum spend of ₹10,000 per month'
Doesn't earn on
- BPCL fuel paid by UPI; wallet loads; Flexipay and merchant EMI; non-BPCL fuel
- Rent
- Metro Cash & Carry and Walmart don't get the 10X grocery rate
Where it landsBPCL fuel points on the day the transaction posts
What a point is worth
Value4 points = ₹1 of free fuel at BPCL, or vouchers
Expiry24 months, then forfeited
Redemption fee₹99 on statement credit, physical products and physically sent vouchers
Welcome benefit
Welcome6,000 points (₹1,500) on paying the annual fee
Milestones
Milestones
- ₹2,000 e-voucher (Aditya Birla Fashion, Yatra or Hush Puppies) on ₹3 lakh yearly spend
Airport lounges
Domestic4 a year, max 1 a quarter
InternationalNone
Fuel
Fuel1% surcharge waiver at BPCL on transactions up to ₹4,000, up to ₹100 a month (not on UPI)
Spending abroad
Forex markup3.5%
Fees
Joining fee₹1,499 + GST
Annual fee₹1,499 + GST
Fee waiverFee reversed on ₹2 lakh yearly spend
If you pay late
Late fee₹100–₹1,300 depending on amount due (nil up to ₹100); +₹100 if minimum due missed twice in a row
Interest3.75% a month (45% a year)
Cash withdrawal2.5% or ₹500, whichever is higher
Who can apply
AgeNot stated on product page
SalariedNot stated on product page
Self-employedNot stated on product page
More perks
PerksNone stated
Sources
Everything on this page comes from these bank documents. Tap any box above for the full wording.
- BPCL SBI Card OCTANE product page Product page · 2 Oct 2026
- BPCL SBI Card OCTANE T&C (welcome kit) Card T&C · 2 Oct 2026
- SBI Card Most Important Terms & Conditions Fee schedule · 2 Oct 2026
Card image: SBI Card's own website.
