BPCL SBI Card Octane Visa Credit Card vs ICICI Bank HPCL Coral Credit Card Visa: Which is Better in 2026?
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In short: ICICI HPCL Coral has the lower annual fee (₹199 vs ₹1,499); both charge a 3.5% forex markup.
| Key facts | BPCL SBI Octane | ICICI HPCL Coral |
|---|---|---|
| Annual fee | ₹1,499 | ₹199 |
| Joining fee | ₹1,499 | ₹199 |
| Annual fee waived | On ₹2 lakh annual spend | On ₹50,000 annual spend |
| Lounge access | 4 airport lounge visits a year | Not listed |
| Forex markup | 3.5% | 3.5% |
From issuer benefit data, checked 22 Oct 2026. Rewards, milestones and welcome benefits are in the full table below.
Bpcl Sbi Card Octane Visa Credit Card and ICICI Bank HPCL Coral Credit Card Visa both cater to fuel card users with reward points and fuel surcharge waivers. The SBI Octane card offers higher joining and renewal fees with a waiver on spending Rs. 2 Lakhs, while the ICICI HPCL Coral card has a lower fee and waiver threshold. Rewards and lounge access also differ, making each suitable for different user preferences.
Comparison notes and quick badges use AI, grounded in the benefit data shown in the table. Confirm details on each issuer’s site.
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| Feature | Bpcl Sbi Card Octane Visa Credit Card | ICICI Bank HPCL Coral Credit Card Visa |
|---|---|---|
| Bank | SBI Cards | ICICI Bank |
| Network | Visa | Visa |
| Joining fee | Joining Fee of Rs.1499 | Joining Fee of Rs.199 |
| Annual / renewal fee | Renewal Fee of Rs.1499 | Annual Fee of Rs.199 |
| Annual fee waiver | Spend Rs.2 Lakhs For Waiver of Renewal Fee | Spend Rs.50000 For Waiver of Annual Fee |
| Reward rate (headline) | Earn 1 Reward Point Per Rs.100 Spent on Other Retail Purchases | Earn 2 Reward Points per Rs.100 |
| Lounge — domestic | 4 Complimentary Airport Lounge Access Per Calendar Year | — |
| Welcome benefit | Get 6000 Bonus Reward Points on Payment of Annual Fees | — |
| Foreign currency markup | 3.5% - Foreign Currency Transactions | 3.50% - Foreign Currency Transactions |
Which is better for rewards?
The Bpcl Sbi Card Octane Visa Credit Card provides a more diverse and higher reward points structure, especially with 25X points on BPCL fuel purchases and additional points on dining, grocery, and movies. It also offers a welcome benefit of 6000 bonus points and milestone e-gift vouchers on spending Rs. 3 Lakhs annually. In contrast, the ICICI Bank HPCL Coral Credit Card Visa offers a flat 2 reward points per Rs. 100 spent across categories like grocery, insurance, and utilities but lacks welcome or milestone benefits. Overall, the SBI Octane card is better suited for users seeking higher and category-specific rewards.
Which is better for travel?
For travel-related benefits, the SBI Octane card provides 4 complimentary domestic airport lounge accesses per calendar year, which the ICICI HPCL Coral card does not offer. Neither card provides international lounge access or concierge services. Therefore, for occasional domestic travelers who value lounge access, the SBI Octane card has an advantage.
Which has lower effective cost?
The ICICI Bank HPCL Coral Credit Card Visa is more beginner-friendly with a significantly lower joining and renewal fee of Rs. 199 compared to SBI Octane's Rs. 1499. The fee waiver threshold is also lower at Rs. 50,000 spend versus Rs. 2 Lakhs on the SBI card, making ICICI's card more accessible for moderate spenders. Both cards have the same forex markup fee of 3.5%. Overall, ICICI's card offers a lower effective cost for users with average spending.
Fuel Surcharge Waiver Conditions
Both cards offer a 1% fuel surcharge waiver but under different conditions. The SBI Octane card provides this waiver on all BPCL fuel transactions without a minimum spend condition mentioned, whereas the ICICI HPCL Coral card requires a minimum fuel spend of Rs. 4,000 at HPCL pumps to avail the waiver.
Reward Point Redemption
ICICI HPCL Coral card allows reward points to be redeemed at a fixed rate of 1 point = Rs. 0.25 against products and shopping vouchers. The SBI Octane card's redemption details are not provided here and should be checked on the issuer's site.
Who should pick Bpcl Sbi Card Octane Visa Credit Card?
Consider Bpcl Sbi Card Octane Visa Credit Card if you want higher reward points on fuel and other categories like dining and grocery, value domestic airport lounge access, and are comfortable with a higher fee that can be waived with substantial annual spending.
Who should pick ICICI Bank HPCL Coral Credit Card Visa?
Consider ICICI Bank HPCL Coral Credit Card Visa if you prefer a low-cost credit card with straightforward rewards across multiple everyday spending categories and a lower fee waiver threshold, making it suitable for moderate spenders and beginners.
Frequently Asked Questions
Bpcl Sbi Card Octane Visa Credit Card has a joining and renewal fee of Rs. 1499 each, while ICICI Bank HPCL Coral Credit Card Visa charges Rs. 199 for both.
For SBI Octane, spend Rs. 2 Lakhs annually to waive the renewal fee. For ICICI HPCL Coral, spend Rs. 50,000 annually to get the annual fee waived.
Only the SBI Octane card offers 4 complimentary domestic airport lounge accesses per calendar year. The ICICI HPCL Coral card does not provide lounge access.
Both cards charge a forex markup fee of 3.5% on foreign currency transactions.
The SBI Octane card offers 6000 bonus reward points on payment of the annual fee. The ICICI HPCL Coral card does not have any welcome benefits.
SBI Octane card offers a 1% fuel surcharge waiver on all BPCL fuel transactions. ICICI HPCL Coral card offers a 1% fuel surcharge waiver if Rs. 4,000 is spent on fuel at HPCL pumps in a month.