BPCL SBI Card OCTANE

Interest-free period

• Interest free credit period could range from 20 to 50 days, subject to submission of claims by the merchant (applicable only on retail purchases and if previous month's outstanding balance is paid in full).
• Not applicable if previous month's balance has not been cleared in full or if cash has been availed from any ATM.

Verified · BPCL SBI Card Combined T&C + MITC Booklet (governs BPCL SBI Card and BPCL SBI Card OCTANE) · 2026-07-30 · source

Charge

• Finance Charges: 3.50% p.m. (42% p.a.).
• Overdue Finance Charges: 3.65% p.m. (43.8% p.a.) if Minimum Amount Due not paid by due date twice in a 12-month period (except Secured & Shaurya cards).
• Minimum Finance Charge ₹25.
• Cash Advance Fee: 2.5% of transaction amount subject to minimum ₹500 (domestic & international ATMs).
• Cash Payment fee: ₹250 (w.e.f. 01 Sep 2021).
• Payment Dishonor fee: 2% of Payment amount subject to minimum ₹500.
• Cheque Payment Fee: ₹100.
• Statement Retrieval Fee: ₹100 per statement (>2 months old).
• Over Limit Fee: 2.5% of overlimit amount or ₹600, whichever is higher.
• Card Replacement Fee: ₹100 - ₹250 (₹1,500 for Aurum).
• Foreign Currency Transaction fee: 3.5%.
• Dynamic & Static Currency Conversion Markup Fee: 3.50% (transactions >= ₹1,000).
• Rewards Redemption Fee: ₹99.
• Network Change Fee and Credit Limit Increase Fee no longer applicable w.e.f. 01 Sep 2021.
• Add on Fee: Nil.
• Late Payment Charges: NIL up to ₹500.
• ₹400 (>₹500-1,000).
• ₹750 (>₹1,000-10,000).
• ₹950 (>₹10,000-25,000).
• ₹1,100 (>₹25,000-50,000).
• ₹1,300 (>₹50,000).
• Additional Late Payment Charge of ₹100 on missing Minimum Amount Due by due date for two consecutive cycles.

Verified · BPCL SBI Card Combined T&C + MITC Booklet (governs BPCL SBI Card and BPCL SBI Card OCTANE) · 2026-07-30 · source

Fuel surcharge waiver

• Fuel Surcharge Waiver of 1% applicable only on BPCL Fuel transactions up to ₹4,000, for a max of ₹100 per month.
• No minimum threshold.
• Surcharge waiver not applicable on fuel spends done using UPI functionality on SBI Credit Card (RuPay platform) at BPCL petrol pumps.

Verified · Terms & Conditions – BPCL SBI Card OCTANE (card-specific eKit T&C) · 2026-07-30 · source

Reward cap

• BPCL Fuel spends capped at 2,500 Reward Points per statement cycle.
• Bharat Gas (Website & App only) capped at 500 Reward Points per billing cycle.
• Cumulative 10X Reward Points on Groceries, Departmental Stores, Movies & Dining capped at 7,500 Reward Points per month.
• Reward Points can be earned for a maximum spend of ₹10,000 per month.

Verified · Terms & Conditions – BPCL SBI Card OCTANE (card-specific eKit T&C) · 2026-07-30 · source

Reward exclusion

Verified · Terms & Conditions – BPCL SBI Card OCTANE (card-specific eKit T&C) · 2026-07-30 · source

Redemption value

• 4 Reward Points = ₹1 of free fuel.
• No minimum limit of Reward Points required for Instant Redemption at BPCL outlets/fuel vouchers.
• Reward Points can be redeemed for free fuel at select 3,719 authorized BPCL retail outlets, through BPCL fuel vouchers, or for products via Shop n Smile.
• Rewards Redemption Fee: ₹99 (applicable on physical products, Statement Credit & vouchers sent physically).
• Points not redeemed within 12 months of Enrolment Date carry over one Enrolment Year.
• Unused by end of second year lapse and are forfeited.

Verified · Terms & Conditions – BPCL SBI Card OCTANE (card-specific eKit T&C) · 2026-07-30 · source

Insurance

• Fraud Liability Cover: BPCL SBI Card Octane is covered for up to ₹1,00,000 of financial loss incurred due to fraudulent usage of the Credit Card if it is lost/stolen or if unauthorized charges are made using the card information.
• Cardholder must call the 24-hour SBI Card Customer Helpline to report the loss and request immediate blocking.
• Insured by ICICI Lombard General Insurance Company Ltd (insurer subject to change at SBICPSL discretion).
• Only chip & pin-based cards covered.
• Reporting period 3 days pre-reporting and 7 days post-reporting.
• Claims to be reported within 45 days from fraud transaction date.

Verified · Terms & Conditions – BPCL SBI Card OCTANE (card-specific eKit T&C) · 2026-07-30 · source

Eligibility

Add-on cards can be applied for spouse, parents, siblings and children over 18 years of age.

Verified · Terms & Conditions – BPCL SBI Card OCTANE (card-specific eKit T&C) · 2026-07-30 · source