INDEPENDENT PUBLIC DIRECTORY: Eligo does not issue credit cards, collect customer applications, or earn affiliate referral commissions. All terms, fees, and interest charges below are sourced directly from the official sbicard.com (SBI Cards and Payment Services Ltd.) Most Important Terms and Conditions (MITC).

🏛️State Bank of India (SBI Card)Network: Visa / RuPayFuel CardsLast Verified: 2026-09-28

BPCL SBI Card OCTANE

बीपीसीएल एसबीआई कार्ड ऑक्टेन

Supercharged fuel credit card delivering 7.25% value back (25X reward points) at BPCL petrol pumps, 4 domestic lounge visits per year, and ₹1,500 welcome points.

Annual Fee₹1,499 + GST (Renewal: ₹1,499 + GST)

Reward Rate25 Reward Points per ₹100 spent (6.25% value back) on BPCL Fuel, Lubricants, and Bharat Gas (website/app). 10 Reward Points per ₹100 on Groceries, Departmental Stores, Movies, and Dining. 1 Reward Point per ₹100 on other retail.

Airport Lounge4 complimentary domestic airport lounge visits per calendar year (maximum 1 visit per quarter).

Forex Markup3.50% + GST on foreign currency transactions.

What Is This Card

BPCL SBI Card OCTANE is India's premium fuel credit card built for frequent automobile commuters, highway drivers, and two-wheeler/four-wheeler owners who refuel at Bharat Petroleum (BPCL) outlets. It offers an industry-leading 7.25% combined value back on fuel along with domestic airport lounge access.

Key Benefits (Official MITC Sourced)

💳Annual Fee & Joining Fee

₹1,499 + GST (Renewal: ₹1,499 + GST)

Fee Waiver: Spend ₹2,00,000 or more in the preceding membership year to get the annual renewal fee of ₹1,499 reversed.

🎁Welcome Benefit

6,000 bonus Reward Points (worth ₹1,500) credited upon payment of the annual joining fee.

⚡Reward Points Structure

25 Reward Points per ₹100 spent (6.25% value back) on BPCL Fuel, Lubricants, and Bharat Gas (website/app). 10 Reward Points per ₹100 on Groceries, Departmental Stores, Movies, and Dining. 1 Reward Point per ₹100 on other retail.

Redemption Value: 4 Reward Points = ₹1.00 (1 Reward Point = ₹0.25). 6,000 points = ₹1,500 fuel redemption at BPCL pumps.

🛫Airport & Railway Lounge Access

4 complimentary domestic airport lounge visits per calendar year (maximum 1 visit per quarter).

🛡️Insurance & Fuel Surcharge Waiver

Insurance Cover: Complimentary Personal Accidental Death Cover (Air & Road) of ₹10 Lakhs.

Fuel Surcharge: 1% fuel surcharge waiver at all BPCL petrol pumps across India for transactions up to ₹4,000 (maximum waiver ₹100 per billing cycle). Combined with rewards, delivers 7.25% total savings on BPCL fuel.

🎯Milestone Spends & Grace Period

Milestones: Annual fee waiver on ₹2 Lakh annual spends. Gift vouchers worth ₹2,000 on reaching ₹3 Lakh annual spends on partners like Aditya Birla Fashion/Yatra/Bata.

Interest-Free Period: 20 to 50 days (subject to full prior statement settlement).

What's Missing (Eligo's Honest Disclosures)

Fine-Print Exclusions & Realistic Costs

Accelerated 25X fuel reward points are capped at 2,500 points per billing cycle (equivalent to ₹10,000 monthly fuel spend). High rewards apply ONLY at BPCL outlets; refueling at Indian Oil (IOCL) or HPCL earns zero rewards and incurs standard surcharges. RuPay UPI transactions on fuel do not receive surcharge waiver.

Forex Markup Fee3.50% + GST on foreign currency transactions.

Cash Advance Fee2.5% of transaction amount or ₹500 (whichever is higher) + 3.50% per month interest.

Finance Charges (Interest)Up to 3.50% per month (42.00% per annum) from transaction date on revolving balance.

Late Payment SlabsStandard tiered slab: Nil up to ₹500; ₹400 for ₹501–₹1,000; ₹750 for ₹1,001–₹10,000; ₹950 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,300 for above ₹50,000 (+ GST).

Reward Points ExpiryReward points expire 24 months (2 years) from the date of accrual.

Categories Earning ZERO Rewards (Standard MITC Exclusion):Fuel transactions at non-BPCL pumps, rent payments, wallet loading, and government transactions.

Eligibility Criteria

Salaried or self-employed individuals with stable regular income. Age 21 to 70 years.

Age Requirement21 to 70 Years

Minimum Income₹3,60,000 per annum (Salaried) / ₹4,80,000 per annum (Self-Employed ITR)

CIBIL Score NoteRecommended CIBIL score of 720+.

SBI RelationshipNot required.

How to Apply (Official Procedure)

Online Digital Application Flow

1Visit sbicard.com/apply or open the YONO SBI app and select BPCL SBI Card OCTANE.

2Select card and check instant eligibility (soft pull with zero impact on CIBIL credit score).

3Fill online application form with personal, residence, and occupational details (takes 5–10 minutes).

4Upload required KYC documents (Aadhaar, PAN, and latest salary slip/ITR proof).

5Complete digital verification via online Video KYC (or schedule branch verification for first-time applicants).

6Card dispatched within 5–7 working days via secure speed post; activate via SMS or SBI Card App.

Branch Application for Offline Applicants

Available at any SBI branch or BPCL petrol pump kiosks where SBI Card representatives assist with instant digital tablet onboarding.

Visit Official Card Page (sbicard.com)Download Official MITC (PDF)

Documents Required

1. PAN Card

2. Proof of Identity & Address (Aadhaar Card, Passport)

3. Income Proof: Last 3 months' salary slips with bank statement OR Latest ITR with Computation Form.

Frequently Asked Questions (Official MITC)

What happens if I miss the minimum payment due on BPCL SBI Card OCTANE?

If you do not pay at least the Minimum Amount Due (MAD) on or before the due date, late payment penalties will be charged according to the issuer's tariff: Standard tiered slab: Nil up to ₹500; ₹400 for ₹501–₹1,000; ₹750 for ₹1,001–₹10,000; ₹950 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,300 for above ₹50,000 (+ GST).. In addition, revolving finance charges at Up to 3.50% per month (42.00% per annum) from transaction date on revolving balance. will be calculated from the original transaction dates on all outstanding balances and fresh purchases. You will lose the interest-free grace window, and the overdue record will be transmitted to credit bureaus (CIBIL, Experian, CRIF High Mark), adversely impacting your credit score.

Can I convert transactions on BPCL SBI Card OCTANE into EMI?

Yes, State Bank of India (SBI Card) provides merchant EMI and post-purchase in-app EMI conversion options for eligible transactions (typically above ₹1,500 to ₹2,500). Cardholders can configure repayment schedules from 3 to 24 months via the bank's mobile application, net banking dashboard, or SMS prompt. Conversion is subject to a nominal one-time processing fee (usually 1% to 2% + 18% GST) and tenure-based interest charges.

How do I track and redeem reward points or cashback on BPCL SBI Card OCTANE?

You can monitor accrued reward points or cashback by accessing your monthly e-statements or logging into State Bank of India (SBI Card)'s official mobile banking application or web portal. 4 Reward Points = ₹1.00 (1 Reward Point = ₹0.25). 6,000 points = ₹1,500 fuel redemption at BPCL pumps. Please note: Reward points expire 24 months (2 years) from the date of accrual.

What is the interest-free grace period on BPCL SBI Card OCTANE and how does it work?

The interest-free period on BPCL SBI Card OCTANE is 20 to 50 days (subject to full prior statement settlement).. This benefit is applicable strictly when the full Total Amount Due from the previous billing cycle was cleared by the payment due date. If any residual balance is carried forward, all purchases immediately incur daily finance charges (Up to 3.50% per month (42.00% per annum) from transaction date on revolving balance.) with zero grace period. ATM cash withdrawals never receive a grace period and incur interest and cash advance fees from the withdrawal timestamp.

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