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BPCL SBI Card OCTANE vs IndianOil HDFC Bank: Which Card Is Better?

A side-by-side comparison of BPCL SBI Card OCTANE and IndianOil HDFC Bank credit cards: fees, reward rates by category, caps, forex markup, lounge access, and which one earns more for different kinds of spenders.

Verdict

BPCL SBI Card OCTANE earns more in 4 of the 7 spending profiles we tested. Choose BPCL SBI Octane for daily commuters who fuel at bpcl. Choose IndianOil HDFC for low-cost fuel savings at indianoil pumps.

Spending profileBPCL SBI OctaneIndianOil HDFCWinner
Balanced spender₹5,670₹5,888IndianOil HDFC (+₹218)
Online shopper₹2,190₹4,611IndianOil HDFC (+₹2,421)
Frequent traveller₹1,434₹3,307IndianOil HDFC (+₹1,873)
Family & groceries₹10,530₹6,049BPCL SBI Octane (+₹4,481)
Foodie₹6,270₹5,771BPCL SBI Octane (+₹499)
Daily commuter₹8,655₹5,285BPCL SBI Octane (+₹3,370)
High spender₹9,606₹7,218BPCL SBI Octane (+₹2,388)

Estimated yearly value after caps, fees (with GST) and forex costs. Try your own spends →

BPCL SBI Octane vs IndianOil HDFC: full comparison

FeatureBPCL SBI Card OCTANEIndianOil HDFC Bank
Card
BPCL SBI Card OCTANESBI Card
IndianOil HDFC BankHDFC Bank
Annual fee₹1,499 + GST₹500 + GST
Joining fee₹1,499 + GST₹500 + GST
Fee waiverWaived on ₹2,00,000 yearly spendWaived on ₹50,000 yearly spend
NetworkVisaMastercard
Amazon rewards0.25%0.67%
Flipkart rewards0.25%0.67%
Other online shopping rewards0.25%0.67%
Food delivery rewards0.25%0.67%
Dining out rewards2.5%0.67%
Groceries rewards2.5%5%
Flights & hotels rewards0.25%0.67%
Fuel rewards7.25%5%
Bills & recharges rewards0.25%5%
Everything else rewards0.25%0.67%
Forex markup3.5%3.5%
Lounge access4 domestic visits a yearNone
Reward caps25X fuel rewards apply to up to ₹7,000 of BPCL fuel a month (from May 2026)
10X points capped at 7,500 per statement		5% fuel points at IndianOil capped at 250 a month for 6 months, then 150
5% on groceries capped at 100 fuel points a month
5% on bill payments capped at 100 fuel points a month
Est. yearly value: balanced spender₹5,670₹5,888
Est. yearly value: online shopper₹2,190₹4,611
Est. yearly value: frequent traveller₹1,434₹3,307
Est. yearly value: family & groceries₹10,530₹6,049
Best forDaily commuters who fuel at BPCLLow-cost fuel savings at IndianOil pumps
Pros
  • 7.25% value back on fuel at BPCL pumps
  • 10X reward points on dining, groceries, movies and department stores
  • Complimentary domestic lounge access
  • 5% back as Fuel Points at IndianOil pumps
  • 5% on groceries and bill payments
  • Fee waived at just ₹50,000 yearly spend
Cons
  • Fuel rewards only at BPCL
  • Very low 0.25% value on other spends
  • Low monthly caps on Fuel Points
  • Fuel Points only useful at IndianOil
Visit SBI CardVisit HDFC Bank

FAQs

Which is better, BPCL SBI Octane or IndianOil HDFC?

BPCL SBI Card OCTANE comes out ahead in 4 of 7 spending profiles we tested. Choose BPCL SBI Card OCTANE if you want a card for daily commuters who fuel at bpcl. Choose IndianOil HDFC Bank if you want a card for low-cost fuel savings at indianoil pumps.

What is the difference in annual fee between BPCL SBI Octane and IndianOil HDFC?

BPCL SBI Card OCTANE: ₹1,499 + GST (waived on ₹2,00,000 yearly spend). IndianOil HDFC Bank: ₹500 + GST (waived on ₹50,000 yearly spend).

Which card has a lower forex markup?

Both cards charge 3.5%.

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