State Bank of India
BPCL SBI Card Octane
4.4 / 5visa
- Joining fee
- ₹1,499
- Annual fee
- ₹1,499
- Base reward
- 0.25%
- Min income
- —
- Forex markup
- 3.5%
- Interest p.a.
- 45%
Where it earns
| Category | Rate | Monthly cap |
|---|---|---|
| Fuel | 7.25% | ₹625 |
| Groceries | 2.5% | ₹1,875 |
| Dining | 2.5% | ₹1,875 |
| Entertainment | 2.5% | ₹1,875 |
| Everything else | 0.25% | Uncapped |
Benefits
- ▸25X Reward Points on BPCL fuel (7.25% value back, capped 2,500 RP/cycle)
- ▸10X Reward Points on groceries, departmental stores, movies and dining (cumulative cap 7,500 RP/month)
- ▸1 Reward Point per ₹100 on all other spends (₹0.25 each)
- ▸6,000 welcome bonus Reward Points (worth ₹1,500)
- ▸₹2,000 milestone e-gift voucher on ₹3 lakh annual spends
- ▸Fuel surcharge waiver on BPCL pumps (up to ₹4,000 per txn, max ₹100/month)
- ▸4 complimentary domestic airport lounge visits per year (max 1 per quarter)
- ▸Instant redemption of points for free fuel at BPCL outlets (4 RP = ₹1 fuel)
The good
- + Excellent 7.25% value back on BPCL fuel
- + 10X rewards on groceries, dining, movies and departmental stores
- + 4 complimentary domestic lounge visits per year; fee waiver on ₹2 lakh spend
The catch
- − Top fuel benefit only at BPCL pumps (2,500 RP/cycle cap)
- − Low base earn rate (0.25%) and ₹0.25 reward point value
- − Reward points capped at ₹10,000 spend per month