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by Kshitiz V Sharma on

The Bottom Line

Great for Fuel, Ordinary for Rest

25 reward points / ₹100 on BPCL fuel, lubricants & Bharat Gas, 10 points on dining, departmental stores, grocery & movies and 1 point on all other spends.

Monthly Spend ₹5K ₹10K ₹20K ₹50K ₹100K
Net Reward Yield (-1.3%)^ 0.0% 1.2% 1.4% 1.3%
Est. Monthly Reward (₹) (70) (5) 230 700 1,275
All-India Rewards Rank* 243 230 54 64 78
Within Bank Rank* 32 31 9 25 26
* Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here.

^The negative figure means at this level of monthly spends, the rewards earned in a year will be worth less than the annual fee.

The BPCL SBI Card OCTANE gives 6.25% effective rewards on fuel and products at BPCL Pumps, 2.50% on dining, grocery & entertainment and 0.25% on all other spending.

Overall, we estimate you can earn a net reward yield of 1.2-1.4% on monthly spending above ₹20,000 with this card.

The CASHBACK SBI Card is the best credit card for most SBI Card customers. We estimate it offers an average net reward yield of 1.9-2.3% on all your spending.

The SBI Unnati Credit Card is the best entry level card, if you spend less than ₹10,000 . It offers a net reward yield of 0.3-1.1% with this card on all your spending.

Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.

The Rewards

Card Type Reward
Reward Features 25 Rewards / ₹100 on:
– BPCL Fuel
– Lubricants
– Bharat Gas

10 Rewards / ₹100 on:
– Dining
– Departmental Stores
– Grocery
– Movies

1 Rewards / ₹100 on all other spends

Milestone Rewards E-Gift Vouchers of ₹2,000 from Aditya Birla Fashion Or Yatra Or Bata/Hush Puppies on annual spends ₹3 Lacs
Other Rewards – 1 Complimentary Domestic Airport Lounge Visits / Qtr
Rewards Redemption Fee ₹99
Reward Caps – 7,500 reward points on Dining, Departmental Stores, Grocery & Movies

– 500 reward points on Bharat Gas

Preferred Redemption Method Instant redemption at 1,200+ BPCL Petrol Pumps

Fees & Charges

Joining Fee ₹1,499 + Taxes
Annual Fee ₹1,499 + Taxes
Min. Annual Credit Card Spend
for Fee Waiver
₹2 Lacs
Income Criteria Salaried N/A
Self-employed N/A
Supplementary Card Fee Free
Interest Rate 42.00%
Foreign Currency Markup 3.50%
Cash Advance Charge 2.50% with a minimum of ₹500
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