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Features of ICICI Bank BPCL Octane Credit Card

  • Fuel Rewards and Savings: The ICICI Bank BPCL Octane Credit Card offers an impressive 25X reward points for every ₹100 spent on fuel at BPCL petrol pumps. This translates to a 6.25% value-back, as each reward point is valued at ₹0.25. Cardholders can earn up to 2,500 reward points per billing cycle on fuel transactions, making it an excellent choice for those who frequently refuel at BPCL outlets. This high reward rate ensures significant savings on recurring fuel expenses.
  • Welcome and Milestone Benefits: Upon paying the joining fee and activating the card, cardholders receive 6,000 bonus reward points, equivalent to ₹1,500. These points are credited within 30 days of fee payment and can be redeemed for fuel at BPCL outlets or other options via ICICI Bank’s rewards catalogue. This welcome bonus offsets the initial cost of the card, providing immediate value.
  • Rewards on Everyday Spending: Earn 10X reward points on dining, groceries, departmental stores, and movie tickets (capped at 7,500 points/month). Get 1X reward points on other retail purchases.
  • Travel and Lifestyle Perks: 4 complimentary domestic lounge visits per year (1 per quarter). Enjoy dining discounts through ICICI Bank's Culinary Treats Programme.
ICICI BPCL Octane Credit Card
ICICI BPCL Octane Benefits

Benefits of ICICI Bank BPCL Octane Credit Card

  • Fuel-Related Benefits: One of the standout features of the ICICI Bank BPCL Octane Credit Card is its impressive value-back on fuel purchases at BPCL petrol pumps. Cardholders can enjoy up to 7.25% value-back on fuel transactions, which is a combination of reward points and a fuel surcharge waiver. Specifically, the card offers 25X reward points for every ₹100 spent on fuel, lubricants, and Bharat Gas (via the BPCL website or app), translating to a 6.25% reward rate (with each reward point valued at ₹0.25). This high reward rate is capped at 2,500 reward points per billing cycle, ensuring significant savings for those with substantial fuel expenses.
  • Travel Perks: The ICICI Bank BPCL Octane Credit Card offers 4 complimentary domestic lounge visits per calendar year, with a maximum of 1 visit per quarter. This benefit is a significant value-add for frequent travelers, providing access to comfortable airport lounges across major cities in India. Lounge access includes amenities like free Wi-Fi, refreshments, and a relaxing environment, enhancing the travel experience for cardholders. This perk is particularly notable for a card with a relatively modest annual fee, making it a competitive offering in the fuel credit card segment.
    • Financial Flexibility: Convert purchases to EMIs with Flexipay. Transfer balances from other cards at lower rates. Pay utility bills via Easy Bill Pay.
    • Security: ₹1 lakh fraud liability cover. Embedded microchip for secure transactions. Contactless payment capability.
    • Welcome Benefits: 6,000 bonus reward points (worth ₹1,500) upon paying joining fee.
    • Milestone Rewards: Cardholders who achieve an annual spend of ₹3 lakh are rewarded with an e-gift voucher worth ₹2,000 from brands such as Aditya Birla Fashion, Yatra, or Bata/Hush Puppies
    • Global Acceptance: Accepted at 24+ million outlets worldwide. Works on Visa/Mastercard network.
    • Add-On Cards: Free add-on cards for family members to maximize reward earnings.
    • Annual Fee Waiver: ₹1,499 + GST annual fee waived if you spend ₹2 lakh or more.
    • BPCL Loyalty Benefits: Special rewards on Bharat Gas and lubricant purchases through BPCL.
    • Dining Discounts: Exclusive offers through ICICI Bank Culinary Treats Programme.
    • 24/7 Customer Support: Dedicated helpline for card-related queries and emergency services.
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How to Apply for ICICI Bank BPCL Octane Credit Card

  • 1. Online Application
    • Visit www.icicibank.com > "Credit Cards" > "BPCL Octane Credit Card" > "Apply Now"
    • Fill in personal, employment, and income details
    • Upload scanned documents (PDF/JPEG, max 5 MB)
    • Submit and track status using application reference number
  • 2. Offline Application
    • Visit an ICICI Bank branch and request the application form
    • Submit self-attested document copies with originals for verification
    • Processing time: 7-21 days
  • 3. Through Relationship Manager
    • Existing ICICI Bank customers can apply through their relationship manager
    • Faster processing for pre-approved customers
  • 4. Verification and Approval
    • ICICI Bank will verify documents and assess creditworthiness
    • Pre-approved customers may get instant approval
    • New applicants typically approved in 7-14 working days

Eligibility Criteria for ICICI Bank BPCL Octane Credit Card

  • 1. Income Requirements
    • Salaried: Minimum monthly income of ₹25,000 (₹3,00,000 annually)
    • Self-Employed: ITR reflecting ₹3,00,000+ annual income
  • 2. Credit History
    • CIBIL Score: Minimum 700 or higher
    • No payment defaults in last 12 months
  • 3. Age Criteria
    • Primary Cardholder: 21-60 years
    • Supplementary Cardholder: Minimum 18 years
  • 4. Residency
    • Indian residents or NRIs with Indian address
  • 5. ICICI Bank Relationship
    • Preferred if holding ICICI Bank account or other ICICI credit cards
    • Existing ICICI credit card holders may get higher credit limits
  • 6. Annual Fees Payment
    • The applicant must be willing to pay the applicable annual fee of ₹1,499, or it should be waived based on spending criteria.
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Documents Required for ICICI Bank BPCL Octane Credit Card

  • 1. Identity Proof (Any One)
    The following government-issued documents are accepted to verify the applicant's identity:
    Aadhaar Card: Must be linked to the applicant's current mobile number for OTP verification.
    PAN Card: Mandatory for all credit card applications in India.
    Passport: Valid for at least 6 months.
    Voter ID: Issued by the Election Commission of India.
    Driving License: Valid and issued by the RTO.
  • 2. Address Proof (Any One)
    Address proof ensures the card is delivered to the correct location:
    Aadhaar Card: Preferred, provided it matches the delivery address.
    Passport: Must include the current address.
    Utility Bill: Electricity, gas, or telephone bill (not older than 3 months).
    Bank Statement: From any bank, reflecting the applicant's address (not older than 3 months).
  • 3. Income Proof
    Income proof is critical to verify repayment capacity:
    For Salaried Individuals:
    - Latest 3 months' salary slips reflecting a minimum monthly income of ₹25,000.
    - Form 16: For the previous financial year, issued by the employer.
    - Bank Statement: Last 3 months, showing salary credits.
    For Self-Employed Individuals:
    - Income Tax Return (ITR): For the last 2 years, with computation of income reflecting ₹3,00,000+ annually.
    - Bank Statement: Last 6 months, showing business transactions.

Factors Considered for ICICI Bank BPCL Octane Credit Card Approval

  • 1. Income Level
    Minimum ₹25,000 monthly income for salaried or ₹3,00,000 annual income for self-employed.
    Higher income increases approval chances and may lead to higher credit limits.
  • 2. Credit Score and History
    CIBIL score of 700+ preferred with no defaults in last 12 months.
    A strong credit profile demonstrates financial discipline and repayment capacity.
  • 3. Existing ICICI Bank Relationship
    Customers with existing ICICI Bank accounts or credit cards are prioritized.
    Demonstrates loyalty and financial stability to the bank.
  • 4. Employment Stability
    Salaried: Minimum 1 year with current employer preferred.
    Self-Employed: Business operational for 2-3 years preferred.
    Ensures long-term income stability to support credit card payments.
  • 5. Debt-to-Income Ratio
    Total monthly debt obligations should not exceed 50% of monthly income.
    High debt obligations may impact ability to repay credit card dues.
  • 6. Age
    Primary Cardholder: Between 21 and 60 years.
    Ensures applicant is in productive earning phase.
  • 7. Nationality and Residency
    Indian Residents: Eligible with permanent Indian address.
    NRIs: Eligible with Indian address and verifiable income.

Frequently Asked Questions (FAQs)

1. What is the ICICI Bank BPCL Octane Credit Card?
The ICICI Bank BPCL Octane Credit Card is a co-branded fuel credit card that offers high rewards on BPCL fuel purchases, fuel surcharge waivers, and additional benefits on everyday spending categories like dining and groceries. It's designed for individuals who frequently refuel at BPCL petrol pumps and want to maximize their savings.
2. How much reward points do I earn on fuel purchases?
You earn 25 reward points for every ₹100 spent on fuel at BPCL petrol pumps, which translates to a 6.25% value-back (since 1 reward point = ₹0.25). This is capped at 2,500 reward points per billing cycle.
3. Is there a fuel surcharge waiver?
Yes, the card provides a 1% fuel surcharge waiver on transactions up to ₹4,000 at BPCL petrol pumps across India. This waiver is capped at ₹100 per statement cycle, which equates to an annual saving of up to ₹1,200.
4. What is the annual fee for this card?
The ICICI Bank BPCL Octane Credit Card has a joining and annual fee of ₹1,499 + GST. However, this fee is waived for the following year if you spend ₹2 lakh or more in the previous year.
5. What are the welcome benefits?
Upon paying the joining fee, you receive 6,000 bonus reward points (worth ₹1,500). These points are credited within 30 days of fee payment and can be redeemed for fuel at BPCL outlets or other rewards.
6. How can I redeem my reward points?
Reward points can be redeemed in multiple ways:
  • Instantly for fuel purchases at BPCL outlets (1 point = ₹0.25)
  • For gift vouchers, cashback, or merchandise through ICICI Bank's rewards catalogue
  • Against your card's outstanding balance by contacting customer care
7. Does this card offer lounge access?
Yes, the card offers 4 complimentary domestic lounge visits per calendar year (maximum 1 per quarter) at select VISA lounges in India. This is a valuable perk for occasional travelers.
8. Can I get add-on cards for family members?
Yes, you can get add-on cards for family members (parents, spouse, children, or siblings above 18 years) at no additional fee. All reward points earned on add-on card spends are credited to your primary account.
9. What is the minimum income required to apply?
Salaried individuals need a minimum monthly income of ₹25,000 (₹3,00,000 annually), while self-employed individuals need to show an annual income of ₹3,00,000 or more through ITR documents.
10. How long does it take to get the card after applying?
For pre-approved customers, the card may be approved instantly and delivered within 3-5 working days. For new applicants, the processing time is typically 7-21 days, depending on document verification and credit checks.

List of ICICI Bank BPCL Octane Credit Card Telangana Branches

  • Hyderabad - Abids
  • Hyderabad - Adityanagar
  • Hyderabad - Alwal
  • Hyderabad - Ameerpet
  • Hyderabad - Anandbagh
  • Hyderabad - Bachupally
  • Hyderabad - Balanagar
  • Hyderabad - Bandlaguda
  • Hyderabad - Banjara Hills
  • Hyderabad - Barkatpura
  • Telangana (Adilabad)
  • Telangana (Armoor)
  • Telangana (Bhadrachalam)
  • Telangana (Bhongir)
  • Telangana (Bodhan)
  • Telangana (Gadwal)
  • Telangana (Jagtial)
  • Hyderabad - Attapur
  • Telangana (Jammikunta)
  • Telangana (Kamareddy)
  • Telangana (Karimnagar)
  • Telangana (Khammam)