What if I use both BPCL and IndianOil pumps regularly?

You can get both cards since they are from different banks (SBI and HDFC). Use BPCL Octane at BPCL pumps and IndianOil HDFC at IndianOil stations to maximise fuel rewards on both networks. However, the combined fees (₹1,499 + ₹500) require at least ₹25,000/month total fuel spend to justify both.

Does BPCL Octane work at non-BPCL pumps?

BPCL Octane earns accelerated rewards only at BPCL petrol stations. At HPCL or IndianOil pumps, it earns at the standard base reward rate, which is much lower. The 7.25% headline rate applies exclusively to BPCL transactions (as of mid-2026; verify the current accelerated multiplier and reward-point value on the issuer's latest T&C).

Is IndianOil HDFC better than BPCL Basic SBI Card?

IndianOil HDFC and BPCL SBI Basic Card are at similar fee levels (₹500 vs ₹499). BPCL Basic gives 4.25% at BPCL; IndianOil HDFC gives ~3.5% at IOCL (with surcharge waiver) plus earns on groceries. IndianOil HDFC is more versatile but only useful if you fill up at IndianOil stations predominantly.

Credit CardsComparisons

BPCL SBI Card OCTANE vs IndianOil HDFC Card

India's two most popular petrol-station co-branded cards serve very different users. BPCL SBI Octane offers the highest fuel reward rate in India at 7.25% value back, but charges a ₹1,499 annual fee and works only at BPCL pumps. IndianOil HDFC charges ₹500, works at IndianOil stations, and also earns on groceries and bill payments — making it a versatile everyday card that happens to excel at fuel.

BPCL Octane has a higher reward rate but requires heavy BPCL spending to justify its fee; IndianOil HDFC is the smarter pick for moderate fuel spenders who also want grocery and bill rewards.

FuelCard A

BPCL SBI Card OCTANE

Heavy Commuters

Annual Fee

₹1,499

Reward Rate

7.25% Value Back

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FuelCard B

IndianOil HDFC Card

City Drivers

Annual Fee

₹500

Reward Rate

5 FP per ₹150 (~2.5% on IndianOil fuel, ~3.5% with surcharge waiver)

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Feature comparison

Feature	BPCL SBI	IndianOil HDFC
Annual Fee	₹1,499 (Waived on ₹2L spend)	₹500 (Waived on ₹50K spend)
Reward Rate	7.25% Value Back	5 FP per ₹150 (~2.5% on IndianOil fuel, ~3.5% with surcharge waiver)
Best For	Heavy Commuters	City Drivers
First-Card Friendly
Lounge Access
Zero Forex Markup

Spending category coverage

Which categories does each card reward?

Category	BPCL SBI	IndianOil HDFC
Groceries
Fuel
Utility bills
Fuel surcharge waiver

Earning example

Scenario: Monthly fuel spend: ₹6,000 at the respective OMC pump

BPCL SBI Card OCTANE

₹435 value back (7.25% at BPCL)

Annual earning: ₹5,220. Fee: ₹1,499. Net: ₹3,721.

IndianOil HDFC Card

₹210 value back (~3.5% at IndianOil with surcharge waiver)

Annual earning: ₹2,520. Fee: ₹500 (waived at ₹50K spend). Net: ₹2,020+.

Our verdict: which card should you pick?

Pick BPCL SBI Card OCTANE

You spend ₹8,000+ per month exclusively at BPCL pumps — at that level, the 7.25% rate generates ₹580+/month vs ₹1,499/year fee.
You are a fleet owner, long-haul driver, or corporate with consistent heavy BPCL fuel consumption.
You have a separate card for groceries and bills and only need fuel optimisation.

Pick IndianOil HDFC Card

Your fuel spend is ₹3,000-6,000/month — the ₹500 fee makes the IndianOil HDFC card profitable even at modest spending.
You prefer IndianOil stations (common in Tier-2/3 cities) over BPCL.
You want one card that also earns on groceries, utility bills, and offline shopping.
You want the lower ₹50,000 spend threshold for fee waiver vs Octane's ₹2 lakh.

Full pros & cons

BPCL SBI Card OCTANE

What's good

Highest fuel reward rate in India at 7.25% value back
Includes 1% fuel surcharge waiver
Accelerated rewards on groceries and dining spends too

Watch out for

Rewards restricted exclusively to BPCL petrol pumps
High annual fee for a fuel-focused card

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IndianOil HDFC Card

What's good

Very low ₹50k spend threshold for fee waiver
Versatile rewards — points earned on groceries and bills too
Fuel surcharge waiver at all fuel stations in India (not just IndianOil)

Watch out for

Fuel rewards only valid at IndianOil stations
Lower overall reward rate compared to BPCL Octane

Apply Now

Frequently asked questions

What if I use both BPCL and IndianOil pumps regularly?: You can get both cards since they are from different banks (SBI and HDFC). Use BPCL Octane at BPCL pumps and IndianOil HDFC at IndianOil stations to maximise fuel rewards on both networks. However, the combined fees (₹1,499 + ₹500) require at least ₹25,000/month total fuel spend to justify both.
Does BPCL Octane work at non-BPCL pumps?: BPCL Octane earns accelerated rewards only at BPCL petrol stations. At HPCL or IndianOil pumps, it earns at the standard base reward rate, which is much lower. The 7.25% headline rate applies exclusively to BPCL transactions (as of mid-2026; verify the current accelerated multiplier and reward-point value on the issuer's latest T&C).
Is IndianOil HDFC better than BPCL Basic SBI Card?: IndianOil HDFC and BPCL SBI Basic Card are at similar fee levels (₹500 vs ₹499). BPCL Basic gives 4.25% at BPCL; IndianOil HDFC gives ~3.5% at IOCL (with surcharge waiver) plus earns on groceries. IndianOil HDFC is more versatile but only useful if you fill up at IndianOil stations predominantly.

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