Comprehensive Guide on BPCL SBI Octane Credit Card

[Virtual King]

Dear TF Family,

1. Infinia Void. I have Infinia Metal credit card, but it does not offer RPs on fuel transactions. As I do have substantial fuel transactions, therefore, there was a felt need to plug this void. Accordingly, I homed on to BPCL SBI Octane credit card which is offering maximum rewards of 6.25% on all fuel transactions (7.25% if you factor in the fuel surcharge waiver) at BPCL outlets, and some additional benefits.

2. Comprehensive Guide on BPCL SBI Octane Credit Card. During my research on Octane credit card, I came across numerous blogs, articles, forums, et al discussing the features of Octane credit card. So, I decided to compile a comprehensive guide on Octane based on open-source research and my own experiences of using the card since June 2024.

3. Contents of the Guide. The following aspects of Octane are covered:-
​

S No​	Topic​	Page No​
1.​	Background and Key Highlights	3​
2.​	Eligibility Criteria	4​
3.​	Welcome Benefits	4​
4.​	Fuel Benefits (25x) and Other Benefits (25x, 10x, 1x)	4-5​
5.​	Earning RPs – Value, Validity, Cappings, Exclusions	5-6​
6.​	Redeeming RPs – Options, Methods, Exclusions	7-8​
7.​	International and Forex Transactions	8​
8.​	Card Billing and Payments	9​
9.​	Disputed Transactions	9​
10.​	Late Payment Charges (LPC) and Other Charges	9-10​
11.​	Credit Limit (CL)	10​
12.​	Card Renewal, Loss and Add-on Cards	11​
13.​	Arbitration	11​
14.​	Flexipay Feature	11​
15.​	Miscellaneous Tips	11-15​
16.​	Customer Care, Contact Details and References	15-16​

4. References. Some important references used for compiling the guide are as under:-
* https://bharatpetroleum.in/blog/Blog-Detail.aspx?id=38
* https://cardinsider.com/sbi-card/bpcl-sbi-card-octane/​

* https://cardmaven.in/bpcl-sbi-credit-card-octane-review/
* https://desidime.com/discussions/need-info-regarding-sbi-bpcl-octane-reward-points
* https://financesrule.com/bpcl-sbi-card-octane-review/
* https://finwealthcare.com/2021/03/sbi-bpcl-octane-credit-card-benefits.html
* https://groww.in/credit-card/sbi-bpcl-octane-credit-card
* https://ifinancebox.com/bpcl-sbi-card-octane-credit-card/
* https://paisabazaar.com/credit-card/bpcl-sbi-card-octane-review/
* https://reddit.com/r/CreditCardsIndia/comments/ (various threads)
* https://sbicard.com/en/personal/credit-cards/travel/bpcl-sbi-card-octane.page
* https://sbicard.com/sbi-card-en/assets/docs/pdf/most-important-terms-and-conditions/mitc-english.pdf
* https://sbicard.com/sbi-card-en/assets/docs/pdf/ekit-tncs/BPCLOctanetnc.pdf
* https://sbicard.com/en/personal/visa-offers.page
* https://sbicard.com/en/personal/offers.page#all-offers
* https://select.finology.in/credit-card/sbi-bpcl-credit-card-octane
* https://technofino.in/sbi-bpcl-octane-credit-card-review/ (various threads)
* https://wishfin.com/bpcl-sbi-card-octane-6260/

5. Disclaimer. All the data in this guide has been sourced, collected and collated from open sources like various blogs, articles, threads, news, bank websites, etc. and/or through SBI customer care/personal experiences. These details/data may change from time to time. All information in this guide is for mere reference and user guidance only for BPCL Octane Credit Card users.

I am sharing my own perspectives through this thread and am also attaching the comprehensive guide on BPCL SBI Octane credit card in the PDF format for easy reference. I sincerely hope that it is of some use to the readers.

Best wishes. 🙂​

 

[Virtual King]

Octane - Annual Fee Waiver Process Aspects
For the annual fee (Rs 1,499 + 18% GST (=Rs 269.82) = Rs, 1,768.82) waiver, the annual spends have to be more than Rs 2 Lakh. Since I had more than Rs 2L annual spends this year, so I was expecting the annual fee waiver from SBI. And yes, I have been informed about it accordingly. And this is how the whole process works.

Step 1: The Card Year
The first step is that the annual fee is charged to all the card members, based on their card year.
So, in my case, Octane card was issued (i.e. officially issued/despatched by SBI Cards) on 28 May 24 and I received it a few days later and then activated it on 13 Jun 24. So, actual year is from 13 June 24 - 12 June 25. But officially, the 1st year is from 28 May 24 - 27 May 25. Hereafter, the card year will be taken as 01 June - 31 May every year. This was confirmed from the customer care.

Step 2: Annual Fees Charged
As per their policy, the annual card fee is charged to all card members as and when due. So, in my bill generation on 1 June 2025, there was the annual card fee charged (Rs 1,499 + 18% GST (=Rs 269.82) = Rs, 1,768.82).

Step 3: Fee Waiver Intimation
Then, as per their process, the back-end calculations of annual spends will be done and all those card members who are eligible for the annual fee waiver, will be intimated via SMS within 2-3 days. In my case, bill generation date is 1 June and SMS received on 4 June. The SMS mentions that the waiver will be credited to the card account within 30 days. The customer care confirmed that it will be reflected accordingly in the next statement on 1 Jul 25.

Step 4: Annual Fee Waived Off
So, the annual fee is waived off and the same is reflected in the next statement. (In my case, this remains to be seen).

Hope this helps in clearing any queries regarding annual fee waiver of Octane credit card. 🙂

 

[GABBA₹]

the same is reflected in the next statement.

With or without out GST? (1499 or 1768.82)?

 

[Virtual King]

With or without out GST? (1499 or 1768.82)?

As confirmed by the customer care, Rs 1,768.82 (i.e. Rs 1,499 + 18% GST (=Rs 269.82) = Rs, 1,768.82) will be waived off. 🙂

 

[iamsamratdutta]

As confirmed by the customer care, Rs 1,768.82 (i.e. Rs 1,499 + 18% GST (=Rs 269.82) = Rs, 1,768.82) will be waived off. 🙂

i am using bpcl octane for 4 yrs every year i am charged with fess and in the next statement fees with gst get credited but 2 lakh you will have to spend for that