SBI BPCL Octane vs Standard Chartered Ultimate
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
SBI BPCL Octane wins 7-1. Highest fuel cashback in India — 7.25% effective at BPCL pumps. Standard Chartered Ultimate is still the right call if best general earn-rate at the ₹5k fee tier..
Side-by-side
| Criterion | SBI BPCL Octane | Standard Chartered Ultimate |
|---|---|---|
| Annual fee | ₹1,499 | · ₹5,000 |
| Joining fee | ₹1,499 | · ₹5,000 |
| Top reward rate | 7.25% (fuel) | · 3.3% (general) |
| Base reward rate | · 1.25% | 3.3% |
| Forex markup | = 3.5% | = 3.5% |
| Welcome bonus | = 6,000 BPCL reward points (₹1,500 fuel value) | = 6,000 reward points + ₹1,000 voucher |
| Fee waiver threshold | ₹200,000 / yr | · ₹1,500,000 / yr |
| Min income | ₹360,000 | · ₹1,500,000 |
| Min credit score | 740 | · 780 |
| Editorial rating | 4.5/5 | · 4.4/5 |
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
Standard Chartered Ultimate
- 5 reward points per ₹150 (effectively 3.3%)
- 4 complimentary international lounge visits/year
- BookMyShow buy-1-get-1
- 1% fuel surcharge waiver
- Comprehensive travel + purchase insurance
FAQ
›SBI BPCL Octane vs Standard Chartered Ultimate: which is better?
SBI BPCL Octane wins on more dimensions (7 vs 1). 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, Standard Chartered Ultimate 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). Standard Chartered Ultimate: 6,000 reward points + ₹1,000 voucher.