ICICI Bank HPCL Super Saver vs BPCL SBI Card OCTANE
BPCL SBI Card OCTANE by ₹100 a year at ₹75,000 a month
IndianOil Axis Bank Premium vs BPCL SBI Card OCTANE
BPCL SBI Card OCTANE vs IndianOil Axis Bank Premium: which should you pick?
IndianOil's Axis Premium against the BPCL card. Axis Premium pays 6 EDGE Miles per ₹150 at IndianOil, about 4% at ₹1 a mile, on the first ₹15,000 of IOCL fuel a statement month, 2 per ₹150 on the first ₹5,000 of groceries and 1 per ₹150 elsewhere, uncapped; OCTANE pays 25 points per ₹100 at BPCL, 6.25% at ₹0.25 a point and capped at 2,500 points a statement cycle, and 10X on groceries, departmental stores, dining and movies. OCTANE wins under ₹1L a month; Axis Premium takes over from ₹1L. ₹1,000 waived at ₹30,000 of spend against ₹1,499 waived at ₹2,00,000. Axis Premium opens eight domestic lounge visits a year, two a calendar quarter; OCTANE four, one a quarter.
Below ₹1 lakh a month BPCL SBI Card OCTANE is the better card; from ₹1 lakh up, IndianOil Axis Bank Premium takes over, and by ₹5 lakh a month it is ₹8,000 a year ahead. At ₹75,000 a month most of BPCL SBI Card OCTANE's edge is its milestone and renewal bonuses, worth ₹2,000 a year, where IndianOil Axis Bank Premium pays none at that spend, even though IndianOil Axis Bank Premium earns more on the spend itself. IndianOil Axis Bank Premium is the better pick if you want to move points to airlines and hotels: its points reach 27 transfer partners to BPCL SBI Card OCTANE's none.
BPCL SBI Card OCTANE pays one annual spend milestone, at ₹3,00,000 a year, and IndianOil Axis Bank Premium pays none.
IndianOil Axis Bank Premium review BPCL SBI Card OCTANE review
Side by side
| Fact | IndianOil Axis Bank Premium | BPCL SBI Card OCTANE |
|---|---|---|
| Can you get it | Open to apply | Open to apply |
| Fee (joining · annual, + GST) | ₹1,000/yr✓ Better | ₹1,499/yr |
| Fee waiver | Spend ₹30,000 a year | Spend ₹2,00,000 a year |
| Reward rate on everyday spend | 0.7%✓ Better | 0.3% |
| Points | Axis EDGE Miles | SBI Reward Points |
| Our value per point | ₹2.00 † | ₹0.25 † |
| Transfer partners | 27✓ Better | None |
| Lounges it gets you into | 21 of 792✓ Better | 16 of 792 |
| Forex markup | 3.50% | 3.5% + GST |
| Welcome benefit | 500 EDGE Miles (₹500) on the first transaction within 30 days of card issuance | 6,000 bonus Reward Points worth ₹1,500 on payment of the ₹1,499 annual fee, credited within 30 days — the fee back and a rupee over |
✓ Better marks the side that wins a row; rows that compare unlike things are not scored. IndianOil Axis Bank Premium is ahead on 9 of the 11 rows we can call.
More facts 6 rows
| Fact | IndianOil Axis Bank Premium | BPCL SBI Card OCTANE |
|---|---|---|
| Our rank | #93✓ Better | #129 |
| Our verdict | Keep | Keep |
| Lounge visits in India | 8/year (2 per calendar quarter) at the 20 rooms on Axis's Set B list | 4/yr (max 1 per quarter) at SBI's 16-lounge "Set A" list only — not the whole Visa network |
| Lounge visits abroad | None | None (0 complimentary visits) — no Priority Pass and no international entitlement on this card at all |
| Forex, in the bank’s words | 3.50% of transaction value, plus a 3.5% + GST dynamic-currency-conversion markup — raised from 1.5% on 28 August 2026. | 3.5% + GST (no concession — SBI's 1.99% tier is AURUM, ELITE, Prime NRI Secured, Tata Neu Infinity and MILES ELITE only); dynamic currency conversion also 3.5%, on any rupee transaction of ₹1,000 or more taken abroad or at an India-located but overseas-registered merchant |
| Interest (APR) | 3.75%/mo (55.55%/yr) — Axis standard tier | up to 3.75%/mo (45%/yr), charged from the transaction date, with a ₹25 minimum finance charge per transaction |
† IndianOil Axis Bank Premium: This card redeems EDGE Miles at ₹1, not the ₹2.00 house value Atlas earns. Axis's own T&C states it twice — "1 EDGE Mile = INR 1" and "Re.1" against fuel at IndianOil outlets — and its transfer column runs 2 EDGE Miles to 1 partner mile, a quarter of Atlas's 1:2. The earn rate above already has that halving baked in.
† BPCL SBI Card OCTANE: SBI Reward Points are 4 to the rupee — ₹0.25 a point, floor and ceiling, reaching no airline and no hotel. What this card does better than its siblings is spend them without ceremony: 4 points buy ₹1 of free fuel instantly at 3,719 authorised BPCL outlets, with no minimum balance required, or you can take a BPCL fuel voucher. That is the honest use. The Shop n Smile catalogue is also open, and its ₹99 redemption fee on physical items and statement credit is the reason the pump is the better door.
Neither issuer publishes an income floor for these two, and the door is the same on both sides: IndianOil Axis Bank Premium and BPCL SBI Card OCTANE are both open to a direct application. How people actually get each one is on its card page.
Our value per point is what we think a point is worth when you use it well; every currency's figure and its reasoning is on points values.
What each is worth to you
| Monthly spend | IndianOil Axis Bank Premium | BPCL SBI Card OCTANE |
|---|---|---|
| At ₹30,000 a month | ₹1,800 | ₹2,900✓ Better |
| At ₹75,000 a month | ₹4,000 | ₹4,300✓ Better |
| At ₹1.5 lakh a month | ₹7,600✓ Better | ₹6,500 |
| At ₹3 lakh a month | ₹14,800✓ Better | ₹10,800 |
| At ₹5 lakh a month | ₹24,400✓ Better | ₹16,400 |
| Pays for itself from | ₹3,000 a month, by waiving its fee✓ Better | ₹17,000 a month, by waiving its fee |
On an everyday mix of spending (groceries, bills, travel, fuel and the rest), using each card's own rules for each kind of spend. The same figures as each card's own page.
Every spend from ₹25,000 to ₹5 lakh 20 steps
| Monthly spend | IndianOil Axis Bank Premium | BPCL SBI Card OCTANE | Ahead |
|---|---|---|---|
| ₹25,000 | ₹1,600 | ₹2,800✓ Better | BPCL SBI Card OCTANE by ₹1,200 |
| ₹50,000 | ₹2,800 | ₹3,500✓ Better | BPCL SBI Card OCTANE by ₹700 |
| ₹75,000 | ₹4,000 | ₹4,300✓ Better | BPCL SBI Card OCTANE by ₹300 |
| ₹1 lakh | ₹5,200✓ Better | ₹5,000 | IndianOil Axis Bank Premium by ₹200 |
| ₹1.25 lakh | ₹6,400✓ Better | ₹5,800 | IndianOil Axis Bank Premium by ₹600 |
| ₹1.5 lakh | ₹7,600✓ Better | ₹6,500 | IndianOil Axis Bank Premium by ₹1,100 |
| ₹1.75 lakh | ₹8,800✓ Better | ₹7,200 | IndianOil Axis Bank Premium by ₹1,600 |
| ₹2 lakh | ₹10,000✓ Better | ₹7,900 | IndianOil Axis Bank Premium by ₹2,100 |
| ₹2.25 lakh | ₹11,200✓ Better | ₹8,600 | IndianOil Axis Bank Premium by ₹2,600 |
| ₹2.5 lakh | ₹12,400✓ Better | ₹9,400 | IndianOil Axis Bank Premium by ₹3,000 |
| ₹2.75 lakh | ₹13,600✓ Better | ₹10,100 | IndianOil Axis Bank Premium by ₹3,500 |
| ₹3 lakh | ₹14,800✓ Better | ₹10,800 | IndianOil Axis Bank Premium by ₹4,000 |
| ₹3.25 lakh | ₹16,000✓ Better | ₹11,500 | IndianOil Axis Bank Premium by ₹4,500 |
| ₹3.5 lakh | ₹17,200✓ Better | ₹12,200 | IndianOil Axis Bank Premium by ₹5,000 |
| ₹3.75 lakh | ₹18,400✓ Better | ₹12,900 | IndianOil Axis Bank Premium by ₹5,500 |
| ₹4 lakh | ₹19,600✓ Better | ₹13,600 | IndianOil Axis Bank Premium by ₹6,000 |
| ₹4.25 lakh | ₹20,800✓ Better | ₹14,300 | IndianOil Axis Bank Premium by ₹6,500 |
| ₹4.5 lakh | ₹22,000✓ Better | ₹15,000 | IndianOil Axis Bank Premium by ₹7,000 |
| ₹4.75 lakh | ₹23,200✓ Better | ₹15,700 | IndianOil Axis Bank Premium by ₹7,500 |
| ₹5 lakh | ₹24,400✓ Better | ₹16,400 | IndianOil Axis Bank Premium by ₹8,000 |
How we work out the yearly value
We put each card through the same everyday mix of spending, apply that card's own rules for each kind of spend (some earn nothing on fuel or bills), add its milestone and renewal bonuses at our value per point, and take off the fee unless that spend waives it. Bonus categories that need you to shop a certain way are not counted. Your own mix will differ: try your numbers in the calculator, or read how we value cards.
Before you choose
Transfer partners 27 and 0
IndianOil Axis Bank Premium's Axis EDGE Miles move to 27 airline and hotel partners; BPCL SBI Card OCTANE's SBI Reward Points cannot be moved to any.
Only IndianOil Axis Bank Premium: Singapore Airlines KrisFlyer, Finnair Plus (Avios), Qatar Airways Privilege Club (Avios).
Every partner and ratio is on each card's page; the best value for your points is on the transfer optimizer.
Watch out 6 points
IndianOil Axis Bank Premium
- EDGE Miles leave this card at 2:1, not Atlas's 1:2 — four times worse, on every partner, per Axis's own T&C and the Travel EDGE grid
- So transfers are the wrong move: an EDGE Mile is worth ₹1 spent on IndianOil fuel or Travel EDGE, and ₹0.50 transferred out
- Base earn is 1 EDGE Mile per ₹150 — 0.67% — on everything that isn't fuel or groceries
BPCL SBI Card OCTANE
- The 6.25% fuel rate caps at 2,500 Reward Points a statement cycle — ₹10,000 of BPCL fuel a month and no more
- Fuel bought via UPI on the RuPay variant earns ZERO points and loses the 1% surcharge waiver as well
- Any petrol pump that is not BPCL earns nothing at all
Common questions 5 answered
Which is better, IndianOil Axis Bank Premium or BPCL SBI Card OCTANE?
Below ₹1 lakh a month BPCL SBI Card OCTANE is the better card; from ₹1 lakh up, IndianOil Axis Bank Premium takes over, and by ₹5 lakh a month it is ₹8,000 a year ahead. At ₹75,000 a month most of BPCL SBI Card OCTANE's edge is its milestone and renewal bonuses, worth ₹2,000 a year, where IndianOil Axis Bank Premium pays none at that spend, even though IndianOil Axis Bank Premium earns more on the spend itself. IndianOil Axis Bank Premium is the better pick if you want to move points to airlines and hotels: its points reach 27 transfer partners to BPCL SBI Card OCTANE's none.
IndianOil Axis Bank Premium or BPCL SBI Card OCTANE: which is worth more at ₹3 lakh a month?
IndianOil Axis Bank Premium beats BPCL SBI Card OCTANE by ₹4,000 a year at ₹3 lakh a month. Both figures are a year's rewards and bonuses on an everyday spending mix, after the fee.
Which costs less to get, IndianOil Axis Bank Premium or BPCL SBI Card OCTANE?
IndianOil Axis Bank Premium: ₹1,000/yr against ₹1,499/yr. IndianOil Axis Bank Premium waives its fee if you spend ₹30,000 a year; BPCL SBI Card OCTANE waives its fee if you spend ₹2,00,000 a year.
Which gets you into more airport lounges, IndianOil Axis Bank Premium or BPCL SBI Card OCTANE?
IndianOil Axis Bank Premium: 21 of the 792 lounges we track, against 16 for BPCL SBI Card OCTANE. Visit limits and guest charges differ by card; each card's page lists them.
How current is this comparison?
IndianOil Axis Bank Premium was last checked against its bank's own documents on 24 Oct 2026, BPCL SBI Card OCTANE on 12 Oct 2026. Every figure here is worked out again from those records each time the site is built, so a change to either card shows up the day we log it.
Related comparisons
BPCL SBI Card vs BPCL SBI Card OCTANE
BPCL SBI Card OCTANE by ₹2,000 a year at ₹75,000 a month
IndianOil HDFC Bank Credit Card vs BPCL SBI Card OCTANE
BPCL SBI Card OCTANE by ₹200 a year at ₹75,000 a month
More on these two cards 11 pages
- What Axis EDGE Miles are worth
- What SBI Reward Points are worth
- BPCL SBI Card OCTANE: #2 for Fuel
- The Avios playbook from India
- The KrisFlyer bible from India
- Maharaja Club, the post-merger guide
- Credit card forex markup in India, bank by bank
- UPI on a credit card: the RuPay route to travel points
- IndianOil Axis Bank Premium vs Kotak Air
- IndianOil Axis Bank Premium vs IndianOil HDFC Bank Credit Card
- IndianOil Axis Bank Premium vs Axis Atlas
Sources
IndianOil Axis Bank Premium was last checked against its bank's own documents on 24 Oct 2026, BPCL SBI Card OCTANE on 12 Oct 2026. Every fact above comes from these 9 documents; the banks' own are marked official. A fact a bank does not publish shows as "not published", never as zero.
The documents 9 sources
- Official IndianOil Axis Bank Premium member Terms & Conditions — joining ₹1,000 + annual ₹1,000 waived at ₹30,000, 1 EDGE Mile per ₹150, the 6X/2X caps, and "2 EDGE Miles = 1 Partner points" read
- Official IndianOil Axis Bank Premium product page — 6X at IOCL, 2X grocery, uncapped 1 EDGE Mile per ₹150, 2 lounge visits a quarter, and the fee table (₹1,000, forex 3.50%, DCC 3.5%) read
- Official Axis Travel EDGE Points/Miles Transfer T&C — the live conversion grid, whose "IndianOil Axis Bank Premium(IOCL) Credit Card" column reads 2:1 on every partner row read
- Official Axis Bank Key Fact Sheet, last updated 8 Oct 2026 — INDIAN OIL Premium joining ₹1,000, annual ₹1,000, waiver at ₹30,000 of preceding-year spend read
- Official Axis Bank Domestic Airport Lounge Access Program — IndianOil Premium is a Set B card at 2 visits a quarter, gated on ₹50,000 of spend in the previous 3 calendar months read
- Official The card's own Terms & Conditions — 25 points per ₹100 at BPCL capped at 2,500 a statement cycle, the 10X MCC list and its 7,500-point monthly cap, and the exclusion list read
- Official SBI's own product record — ₹1,499 waived at ₹2 lakh, 6,000 welcome points worth ₹1,500, 4 domestic lounge visits a year, and isOnline "yes" read
- Official Airport Lounge Access — BPCL SBI Card OCTANE is in Set A, the cut-down 16-lounge domestic list effective 10 January 2026 read
- Official SBI's MITC — BPCL SBI Card Octane ₹1,499 annual and renewal, waived on ₹2 lakh of spend in the preceding year, and a 3.5% foreign-currency transaction fee read