Sbi Bpcl Octane
SBI Card
Sbi Bpcl Octane
SBI Card
Annual Fee
₹1,499
Effective Rate
0.25%
Network
MASTERCARD
Point Value
₹0.25/pt
About Sbi Bpcl Octane
25 RP/₹100 at BPCL + HP Pay; 10 RP on groceries/dept stores/movies/dining; 1 RP other. Annual fee reversal at ₹1.5L.
Best For
Pros & Cons
thumb_upPros
- check_circleZero forex markup on international transactions
thumb_downCons
- cancelAnnual fee of ₹1,499 with no waiver option
- cancelPoints redemption catalog may limit flexibility
Reward Earning Structure
Each point is worth ₹0.25 — an effective return of 0.25% on spend.
| Category | Earn Rate | Per ₹10,000 Spent |
|---|---|---|
| All other spends | 25% | 2500 pts≈ ₹625 |
| All other spends | 10% | 1000 pts≈ ₹250 |
| All other spends | 1% | 100 pts≈ ₹25 |
Points can typically be redeemed for flight tickets, hotel bookings, cashback, gift vouchers, or merchandise via the SBI Card rewards portal. Redemption value may vary by option.
Fees & Charges
Key fees at a glance. For the complete schedule refer to the official Key Fact Statement (KFS) on the SBI Card website.
| Annual Fee | ₹1,499 |
| Forex Markup | 0% (Zero Markup) |
| Interest Rate (APR) | Refer to KFS |
| Late Payment Charges | Refer to KFS |
| Cash Advance Fee | Refer to KFS |
Eligibility & Documents Required
Eligibility Criteria
- checkAge: 18–70 years (primary cardholder)
- checkMinimum annual income: As per bank norms
- checkCIBIL score: 750+ recommended
- checkEmployment: Salaried or self-employed Indian resident
Documents Required
- descriptionPAN Card (mandatory)
- descriptionAadhaar / Passport / Voter ID (address proof)
- descriptionSalary slips — last 3 months (salaried)
- descriptionLatest ITR or Form 16 (self-employed / salaried)
- descriptionBank statements — last 3 months
- descriptionPassport-size photograph
Frequently Asked Questions
Common questions about Sbi Bpcl Octane.
Ready to apply for Sbi Bpcl Octane?
Apply directly on the SBI Card website. Most decisions within 7–10 working days.
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