IndianOil Axis Bank Premium vs BPCL SBI Card OCTANE
BPCL SBI Card OCTANE by ₹300 a year at ₹75,000 a month
IndianOil HDFC Bank Credit Card vs BPCL SBI Card OCTANE
HDFC Bank
BPCL SBI Card OCTANE vs IndianOil HDFC Bank Credit Card: which should you pick?
The IndianOil card against the BPCL card. IndianOil HDFC pays 5 Fuel Points per ₹100 at IndianOil, worth 4.8% at ₹0.96 a point and capped at 150 points a month after the first six months, the same 5% on groceries and on utility and telecom bills under 100 points a month each, and 1 point per ₹150 elsewhere; 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; IndianOil HDFC takes over from ₹1L. ₹500 waived at ₹50,000 of spend against ₹1,499 waived at ₹2,00,000. OCTANE opens four domestic lounge visits a year, and the HDFC card none.
Below ₹1 lakh a month BPCL SBI Card OCTANE is the better card; from ₹1 lakh up, IndianOil HDFC Bank Credit Card takes over, and by ₹5 lakh a month it is ₹8,600 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 HDFC Bank Credit Card pays none at that spend, even though IndianOil HDFC Bank Credit Card earns more on the spend itself. IndianOil HDFC Bank Credit Card is the better pick if you would rather pay less to get the card: IndianOil HDFC Bank Credit Card costs ₹500/yr, BPCL SBI Card OCTANE ₹1,499/yr.
BPCL SBI Card OCTANE pays one annual spend milestone, at ₹3,00,000 a year, and IndianOil HDFC Bank Credit Card pays none.
IndianOil HDFC Bank Credit Card review BPCL SBI Card OCTANE review
Side by side
| Fact | IndianOil HDFC Bank Credit Card | BPCL SBI Card OCTANE |
|---|---|---|
| Can you get it | Open to apply | Open to apply |
| Fee (joining · annual, + GST) | ₹500/yr✓ Better | ₹1,499/yr |
| Fee waiver | Spend ₹50,000 a year | Spend ₹2,00,000 a year |
| Reward rate on everyday spend | 0.6%✓ Better | 0.3% |
| Points | HDFC Reward Points | SBI Reward Points |
| Our value per point | ₹1.00 † | ₹0.25 † |
| Transfer partners | None | None |
| Lounges it gets you into | 0 of 792 | 16 of 792✓ Better |
| Forex markup | 3.5% + GST | 3.5% + GST |
| Welcome benefit | ₹250 activation voucher, on any one transaction within 37 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 HDFC Bank Credit Card is ahead on 6 of the 10 rows we can call.
More facts 6 rows
| Fact | IndianOil HDFC Bank Credit Card | BPCL SBI Card OCTANE |
|---|---|---|
| Our rank | #192 | #129✓ Better |
| Our verdict | Keep | Keep |
| Lounge visits in India | None — not among the variants the MITC's "Lounge Access" section names | 4/yr (max 1 per quarter) at SBI's 16-lounge "Set A" list only — not the whole Visa network |
| Lounge visits abroad | None — the MITC names other variants in its international lounge clause | None (0 complimentary visits) — no Priority Pass and no international entitlement on this card at all |
| Forex, in the bank’s words | 3.5% + GST — the Foreign Currency Transactions cell that covers every variant HDFC does not name as an exception (Infinia 2%, 6E Rewards Indigo XL 2.50%) | 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 (45%/yr) — the rate HDFC's own KFS worked examples apply to a standard variant; only Infinia and Infinia Metal Edition are named at 1.99%/mo (23.88%/yr) | up to 3.75%/mo (45%/yr), charged from the transaction date, with a ₹25 minimum finance charge per transaction |
† IndianOil HDFC Bank Credit Card: A Fuel Point is only worth ₹0.96 against IndianOil fuel, and HDFC prints the chain — 1 FP = 3 XTRAREWARDS points, 1 XRP = ₹0.32. Every other exit is ₹0.20: statement credit (12,500-point minimum, ₹50 fee), SmartBuy flights and hotels, the product catalogue. Redeem this card anywhere but a pump and you cut its value by four fifths. The earn rate above already prices the ₹0.96.
† 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 HDFC Bank Credit Card 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 HDFC Bank Credit Card | BPCL SBI Card OCTANE |
|---|---|---|
| At ₹30,000 a month | ₹1,800 | ₹2,900✓ Better |
| At ₹75,000 a month | ₹4,100 | ₹4,300✓ Better |
| At ₹1.5 lakh a month | ₹7,800✓ Better | ₹6,500 |
| At ₹3 lakh a month | ₹15,100✓ Better | ₹10,800 |
| At ₹5 lakh a month | ₹25,000✓ Better | ₹16,400 |
| Pays for itself from | ₹5,000 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 HDFC Bank Credit Card | BPCL SBI Card OCTANE | Ahead |
|---|---|---|---|
| ₹25,000 | ₹1,500 | ₹2,800✓ Better | BPCL SBI Card OCTANE by ₹1,300 |
| ₹50,000 | ₹2,800 | ₹3,500✓ Better | BPCL SBI Card OCTANE by ₹700 |
| ₹75,000 | ₹4,100 | ₹4,300✓ Better | BPCL SBI Card OCTANE by ₹200 |
| ₹1 lakh | ₹5,300✓ Better | ₹5,000 | IndianOil HDFC Bank Credit Card by ₹300 |
| ₹1.25 lakh | ₹6,500✓ Better | ₹5,800 | IndianOil HDFC Bank Credit Card by ₹700 |
| ₹1.5 lakh | ₹7,800✓ Better | ₹6,500 | IndianOil HDFC Bank Credit Card by ₹1,300 |
| ₹1.75 lakh | ₹9,000✓ Better | ₹7,200 | IndianOil HDFC Bank Credit Card by ₹1,800 |
| ₹2 lakh | ₹10,200✓ Better | ₹7,900 | IndianOil HDFC Bank Credit Card by ₹2,300 |
| ₹2.25 lakh | ₹11,400✓ Better | ₹8,600 | IndianOil HDFC Bank Credit Card by ₹2,800 |
| ₹2.5 lakh | ₹12,700✓ Better | ₹9,400 | IndianOil HDFC Bank Credit Card by ₹3,300 |
| ₹2.75 lakh | ₹13,900✓ Better | ₹10,100 | IndianOil HDFC Bank Credit Card by ₹3,800 |
| ₹3 lakh | ₹15,100✓ Better | ₹10,800 | IndianOil HDFC Bank Credit Card by ₹4,300 |
| ₹3.25 lakh | ₹16,400✓ Better | ₹11,500 | IndianOil HDFC Bank Credit Card by ₹4,900 |
| ₹3.5 lakh | ₹17,600✓ Better | ₹12,200 | IndianOil HDFC Bank Credit Card by ₹5,400 |
| ₹3.75 lakh | ₹18,800✓ Better | ₹12,900 | IndianOil HDFC Bank Credit Card by ₹5,900 |
| ₹4 lakh | ₹20,000✓ Better | ₹13,600 | IndianOil HDFC Bank Credit Card by ₹6,400 |
| ₹4.25 lakh | ₹21,300✓ Better | ₹14,300 | IndianOil HDFC Bank Credit Card by ₹7,000 |
| ₹4.5 lakh | ₹22,500✓ Better | ₹15,000 | IndianOil HDFC Bank Credit Card by ₹7,500 |
| ₹4.75 lakh | ₹23,700✓ Better | ₹15,700 | IndianOil HDFC Bank Credit Card by ₹8,000 |
| ₹5 lakh | ₹25,000✓ Better | ₹16,400 | IndianOil HDFC Bank Credit Card by ₹8,600 |
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 0 and 0
IndianOil HDFC Bank Credit Card's HDFC Reward Points cannot be moved to any airline or hotel; BPCL SBI Card OCTANE's SBI Reward Points cannot be moved to any.
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 HDFC Bank Credit Card
- The 5% buckets are hard-capped: 150 Fuel Points a month on fuel after your first 6 months (250 before), 100 on groceries, 100 on bill payments
- Past a cap the category earns NOTHING — not the 1-per-₹150 base rate, zero; HDFC's example zeroes a ₹4,000 fill-up
- A Fuel Point is ₹0.96 ONLY as IndianOil fuel; statement credit, SmartBuy and the catalogue all pay ₹0.20
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 HDFC Bank Credit Card or BPCL SBI Card OCTANE?
Below ₹1 lakh a month BPCL SBI Card OCTANE is the better card; from ₹1 lakh up, IndianOil HDFC Bank Credit Card takes over, and by ₹5 lakh a month it is ₹8,600 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 HDFC Bank Credit Card pays none at that spend, even though IndianOil HDFC Bank Credit Card earns more on the spend itself. IndianOil HDFC Bank Credit Card is the better pick if you would rather pay less to get the card: IndianOil HDFC Bank Credit Card costs ₹500/yr, BPCL SBI Card OCTANE ₹1,499/yr.
IndianOil HDFC Bank Credit Card or BPCL SBI Card OCTANE: which is worth more at ₹3 lakh a month?
IndianOil HDFC Bank Credit Card beats BPCL SBI Card OCTANE by ₹4,300 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 HDFC Bank Credit Card or BPCL SBI Card OCTANE?
IndianOil HDFC Bank Credit Card: ₹500/yr against ₹1,499/yr. IndianOil HDFC Bank Credit Card waives its fee if you spend ₹50,000 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 HDFC Bank Credit Card or BPCL SBI Card OCTANE?
BPCL SBI Card OCTANE: 16 of the 792 lounges we track, against 0 for IndianOil HDFC Bank Credit Card. Visit limits and guest charges differ by card; each card's page lists them.
How current is this comparison?
IndianOil HDFC Bank Credit Card 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.
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More on these two cards 7 pages
- What HDFC Reward Points are worth
- What SBI Reward Points are worth
- BPCL SBI Card OCTANE: #2 for Fuel
- 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 IndianOil HDFC Bank Credit Card
- IndianOil Axis Bank Credit Card vs IndianOil HDFC Bank Credit Card
Sources
IndianOil HDFC Bank Credit Card 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 8 documents; the banks' own are marked official. A fact a bank does not publish shows as "not published", never as zero.
The documents 8 sources
- Official IndianOil HDFC Bank Credit Card Terms & Conditions — the 5% fuel/grocery/bill-payment table with its monthly Fuel Point caps, the exclusion list, and "1 FP = Rs. 0.96" read
- Official IndianOil HDFC Bank Credit Card Fees & Charges — "Joining Fee: ₹500 plus Applicable Taxes" and "Renewal Fee: ₹500 plus Applicable Taxes" read
- Official HDFC Bank Key Fact Statement cum MITC, updated 15 Dec 2025 — Indian Oil HDFC Bank at ₹500, waived on ₹50,000 a year, with a 1% fuel-surcharge waiver capped at ₹250 a cycle read
- Official HDFC Bank Key Fact Statement cum MITC — the programme document this card's lounge entitlement is read against 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