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HSBC RuPay Cashback 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.

HSBC RuPay Cashback Credit Card versus SBI BPCL Octane Credit Card compared
FeatureHSBC RuPay Cashback Credit CardHSBC RuPay Cashback Credit CardHSBC India1 recent change →
SBI BPCL Octane Credit CardSBI BPCL Octane Credit CardState Bank of India3 recent changes →
Rewards by spend
Rewards1% base, up to 10% on dining0.25% base, up to 2.5% on dining; 6.25% only at partner merchants
UPI payments (scan and pay)1%Earns nothing
Online shopping1%0.25%
Dining and food delivery10%2.5%
Groceries10%2.5%
Travel: flights, hotels, trains1%0.25%
FuelEarns nothing0.25%; 6.25% only at Bharat Petroleum
Bills and recharges1%0.25%
RentsameEarns nothingEarns nothing
Insurance premiumsEarns nothing0.25%
School and college feesEarns nothing0.25%
Wallet top-upssameEarns nothingEarns nothing
Taxes and government paymentsEarns nothingNot stated
Spend abroad or in a foreign currency1%0.25%
Everything else1%0.25%
Card identity
Card typeDiningFuel
NetworkRuPayVisa
Card tiersameMidMid
Fees
Joining fee₹499 + GST₹1,499 + GST
Annual fee₹499 + GST₹1,499 + GST
Fee waived atsame₹2,00,000₹2,00,000
Eligibility
Min age18 years-
Max age65 years-
Employment typesameBOTHBOTH
Min monthly salary₹50,000-
Rewards
Reward typeCashbackReward points
Point value₹1₹0
Fuel surcharge
Fuel surcharge waiverNoYes
Fuel waiver cap-₹100
Lounge access
Domestic lounge visits84
International lounge visits20
Lounge conditionUp to 10 lounge visits a year, 2 domestic per quarter (8/yr) plus 2 international per year, per the product page (Aug 2026); the Feb-2026 service guide states only 4 visits (one per quarter), so confirm your entitlement with HSBC before relying on it4 complimentary domestic airport lounge visits a year (1 per quarter)
Forex and international
Forex markupsame3.5%3.5%
UPI rewards
Works on UPIYesNo
Interest and charges
Interest rate (monthly)3.75%-
Interest rate (annual)45%-
Page content
Documents neededPAN card Aadhaar / valid address proof Latest 3 months bank statement Income proof, salary slips (salaried) or ITR (self-employed) Recent passport-size photographPAN card Aadhaar / address proof Income proof (salary slips or ITR)
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Worth in Rupees at ₹20,000 a Month

HSBC RuPay Cashback Credit Card
Rewards a year
₹6,600
Fee a year
₹0
You keep
₹6,600
SBI BPCL Octane Credit Card
Rewards a year
₹1,956
Fee a year
₹0
You keep
₹1,956

At this spend, HSBC RuPay Cashback Credit Card comes out ₹4,644 a year ahead of SBI BPCL Octane 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

HSBC RuPay Cashback Credit Card
  • Dining: 10% back, up to ₹400 a month
  • Groceries: 10% back, up to ₹400 a month
  • Spending ₹16,667 or more a month: the ₹589 fee is waived
  • Flyers: 10 airport lounge visits a year
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

HSBC RuPay Cashback Credit Card
  • Skip it if you spend less than ₹16,667 a month (₹2,00,000 a year, rent and wallet loads not counted): the ₹589 fee is then charged
  • Skip it if most of your spending is fuel, rent, insurance or education: those earn nothing on this card
  • Skip it if you rarely spend on dining or groceries: the 10% rate applies only there, everything else earns 1%
  • Skip it if you often pay in foreign currency: 3.5% is added to every foreign spend
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 (HSBC RuPay Cashback 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, HSBC RuPay Cashback Credit Card or SBI BPCL Octane Credit Card?

HSBC RuPay Cashback Credit Card. HSBC RuPay Cashback Credit Card: ₹499; SBI BPCL Octane Credit Card: ₹1,499. Check whether a spend-based waiver applies before you decide.

Which is better for spending abroad?

HSBC RuPay Cashback Credit Card has the lowest forex markup. HSBC RuPay Cashback 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: HSBC RuPay Cashback Credit Card 1%, SBI BPCL Octane Credit Card 0.25%. Bonus categories, rates limited to named merchants and monthly caps change the picture, so compare the rewards by spend too.

Which gives airport lounge access?

HSBC RuPay Cashback Credit Card: 8 domestic lounge visits a year; SBI BPCL Octane Credit Card: 4 domestic lounge visits a year. Some cards need a minimum spend in the quarter before a visit counts, so check the lounge terms.

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.

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