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Axis Bank Freecharge vs SBI BPCL Octane Credit Card Compared

Which credit card suits you? Side by side on the numbers that decide it. A blank means the provider has not published that figure, not that it is zero. Data last verified: 11 October 2026.

Axis Bank Freecharge Credit Card versus SBI BPCL Octane Credit Card compared
FeatureAxis Bank Freecharge Credit CardAxis Bank Freecharge Credit CardAxis Bank5 recent changes →
SBI BPCL Octane Credit CardSBI BPCL Octane Credit CardState Bank of India3 recent changes →
Rewards by spend
Rewards0.2% on most spends0.25% base, up to 2.5% on dining; 6.25% only at partner merchants
UPI payments (scan and pay)sameEarns nothingEarns nothing
Online shopping0.2%0.25%
Dining and food delivery0.2%2.5%
Groceries0.2%2.5%
Travel: flights, hotels, trains0.2%0.25%
FuelEarns nothing0.25%; 6.25% only at Bharat Petroleum
Bills and recharges0.2%; 0.2% only at Freecharge app, recharges and bill payments0.25%
RentsameEarns nothingEarns nothing
Insurance premiums0.2%0.25%
School and college fees0.2%0.25%
Wallet top-upssameEarns nothingEarns nothing
Taxes and government paymentssameNot statedNot stated
Spend abroad or in a foreign currency0.2%0.25%
Everything else0.2%0.25%
Card identity
Card typeRewardsFuel
NetworksameVisaVisa
Card tierEntryMid
Fees
Joining fee₹250 + GST₹1,499 + GST
Annual fee₹250 + GST₹1,499 + GST
Fee waived at-₹2,00,000
Eligibility
Employment typesameBOTHBOTH
Rewards
Reward typesameReward pointsReward points
Point valuesame₹0₹0
Fuel surcharge
Fuel surcharge waiverNoYes
Fuel waiver cap-₹100
Lounge access
Domestic lounge visits-4
International lounge visits-0
Lounge condition-4 complimentary domestic airport lounge visits a year (1 per quarter)
Forex and international
Forex markupsame3.5%3.5%
Interest and charges
Interest rate (monthly)3.75%-
Interest rate (annual)45%-
Page content
Documents neededPAN card Aadhaar / valid address proof Income proof, salary slips (salaried) or ITR (self-employed)PAN card Aadhaar / address proof Income proof (salary slips or ITR)
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Worth in Rupees at ₹20,000 a Month

Axis Bank Freecharge Credit Card
Rewards a year
₹480
Fee a year
- ₹295
You keep
₹185
SBI BPCL Octane Credit Card
Rewards a year
₹1,956
Fee a year
₹0
You keep
₹1,956

At this spend, SBI BPCL Octane Credit Card comes out ₹1,771 a year ahead of Axis Bank Freecharge Credit Card. Worked out from each card's published reward rate, caps and fee, on ₹20,000 a month. Your own spend changes the answer: try the rewards calculator.

Best For

Axis Bank Freecharge Credit Card

    Nothing stands out from the published figures.

    SBI BPCL Octane Credit Card
    • Heavy drivers who fuel at BPCL
    • Families with regular dining and grocery bills
    • People wanting lounges on a mid-fee card

    Watch-Outs

    Axis Bank Freecharge Credit Card
    • Skip it if you spend less than ₹12,500 a month: below that the ₹295 fee costs more than the rewards
    • Skip it if most of your spending is fuel, rent or wallet top-ups: those earn nothing on this card
    • Skip it if you pay mostly by UPI: a Visa or Mastercard card cannot pay by UPI
    • Skip it if you spend a lot on government payments: the card's terms do not state a rate there, so we count nothing
    SBI BPCL Octane Credit Card
    • Only about 0.25% on other spends
    • Monthly caps on the 25X and 10X rates
    • Fuel rewards only at BPCL pumps

    Card data sourced via CardAdvisor.in (Axis Bank Freecharge Credit Card, SBI BPCL Octane Credit Card), India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.

    Questions People Ask

    Which has the lower annual fee, Axis Bank Freecharge Credit Card or SBI BPCL Octane Credit Card?

    Axis Bank Freecharge Credit Card. Axis Bank Freecharge Credit Card: ₹250; SBI BPCL Octane Credit Card: ₹1,499. Check whether a spend-based waiver applies before you decide.

    Which is better for spending abroad?

    Axis Bank Freecharge Credit Card has the lowest forex markup. Axis Bank Freecharge Credit Card: 3.5%; SBI BPCL Octane Credit Card: 3.5%. The markup is charged on every foreign-currency transaction, before GST.

    Which earns more on everyday spending?

    On spends outside any bonus category: SBI BPCL Octane Credit Card 0.25%, Axis Bank Freecharge Credit Card 0.2%. Bonus categories, rates limited to named merchants and monthly caps change the picture, so compare the rewards by spend too.

    Can I hold more than one of these cards?

    Usually yes, if each bank approves you. Many people keep one card for everyday spending and another for a specific use such as travel. Each application is a separate credit check.

    Work Out the Numbers

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