SBI BPCL Octane vs IndusInd Iconia Amex
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
EXPRESS
SBI BPCL Octane wins 5-3. Highest fuel cashback in India — 7.25% effective at BPCL pumps. IndusInd Iconia Amex is still the right call if mid-premium amex with annual-fee waiver from year 2..
Side-by-side
| Criterion | SBI BPCL Octane | IndusInd Iconia Amex |
|---|---|---|
| Annual fee | · ₹1,499 | No annual fee |
| Joining fee | ₹1,499 | · ₹3,500 |
| Top reward rate | 7.25% (fuel) | · 5% (shopping) |
| Base reward rate | · 1.25% | 1.5% |
| Forex markup | = 3.5% | = 3.5% |
| Welcome bonus | = 6,000 BPCL reward points (₹1,500 fuel value) | = 4,000 reward points + Yatra voucher |
| Fee waiver threshold | · ₹200,000 / yr | N/A (no fee) |
| Min income | ₹360,000 | · ₹600,000 |
| Min credit score | 740 | · 770 |
| Editorial rating | 4.5/5 | · 4.2/5 |
Benefits compared
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
IndusInd Iconia Amex
- 10 reward points per ₹100 on weekend dining + grocery
- 4 international + 8 domestic lounge visits/year
- Annual fee waived from year 2 (lifetime)
- 1% fuel surcharge waiver
- Buy-1-get-1 BookMyShow
FAQ
›SBI BPCL Octane vs IndusInd Iconia Amex: which is better?
SBI BPCL Octane wins on more dimensions (5 vs 3). 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 SBI BPCL Octane for its best categories, IndusInd Iconia Amex for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
SBI BPCL Octane: 6,000 BPCL reward points (₹1,500 fuel value). IndusInd Iconia Amex: 4,000 reward points + Yatra voucher.