ICICI MMT Signature vs SBI BPCL Octane
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
SBI BPCL Octane wins 7-2. Highest fuel cashback in India — 7.25% effective at BPCL pumps. ICICI MMT Signature is still the right call if makemytrip loyalists — co-branded with strong travel benefits..
Side-by-side
| Criterion | ICICI MMT Signature | SBI BPCL Octane |
|---|---|---|
| Annual fee | · ₹2,500 | ₹1,499 |
| Joining fee | · ₹2,500 | ₹1,499 |
| Top reward rate | · 6% (travel) | 7.25% (fuel) |
| Base reward rate | 1.5% | · 1.25% |
| Forex markup | 2.5% | · 3.5% |
| Welcome bonus | = ₹2,500 MMT Black holidays voucher | = 6,000 BPCL reward points (₹1,500 fuel value) |
| Fee waiver threshold | · ₹600,000 / yr | ₹200,000 / yr |
| Min income | · ₹800,000 | ₹360,000 |
| Min credit score | · 770 | 740 |
| Editorial rating | · 4.4/5 | 4.5/5 |
Benefits compared
ICICI MMT Signature
- 6% myCash on flight + hotel bookings via MMT
- 3% myCash on dining + grocery
- 1.5% on others
- 4 international + 4 domestic lounge visits/year
- MMT Black membership
SBI BPCL Octane
- 25 reward points per ₹100 at BPCL (~7.25% value)
- 10x rewards on dining + grocery + departmental
- 4 domestic lounge visits/year
- 1% fuel surcharge waiver
FAQ
›ICICI MMT Signature vs SBI BPCL Octane: which is better?
SBI BPCL Octane wins on more dimensions (7 vs 2). But the right answer depends on your specific spending pattern — see the calculator below.
›Can I get both?
Yes — if your credit profile supports it, holding both is the optimal play. Use ICICI MMT Signature for its best categories, SBI BPCL Octane for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
ICICI MMT Signature: ₹2,500 MMT Black holidays voucher. SBI BPCL Octane: 6,000 BPCL reward points (₹1,500 fuel value).