HDFC MoneyBack+ vs SBI BPCL Octane
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
HDFC MoneyBack+ wins 6-2. Entry-level cashback with very low waiver bar. SBI BPCL Octane is still the right call if highest fuel cashback in india, 7.25% effective at bpcl pumps..
Side-by-side
| Criterion | HDFC MoneyBack+ | SBI BPCL Octane |
|---|---|---|
| Annual fee | ₹500 | · ₹1,499 |
| Joining fee | ₹500 | · ₹1,499 |
| Top reward rate | · 5% (shopping) | 7.25% (fuel) |
| Base reward rate | 2% | · 1.25% |
| Forex markup | = 3.5% | = 3.5% |
| Welcome bonus | = 500 CashPoints on first transaction | = 6,000 BPCL reward points (₹1,500 fuel value) |
| Fee waiver threshold | ₹50,000 / yr | · ₹200,000 / yr |
| Min income | ₹240,000 | · ₹360,000 |
| Min credit score | 720 | · 740 |
| Editorial rating | · 4.1/5 | 4.5/5 |
Benefits compared
HDFC MoneyBack+
- 5% on Amazon, Flipkart, Big Basket, Reliance Smart Bazaar (capped ₹1K/month)
- 2% on EMI transactions
- 1 fuel surcharge waiver
- Quarterly milestone vouchers
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
FAQ
›HDFC MoneyBack+ vs SBI BPCL Octane: which is better?
HDFC MoneyBack+ wins on more dimensions (6 vs 2). But the right answer depends on your specific spending pattern. Run your own monthly spend through the maximizer to see which one pays you more.
›Can I get both?
Yes, if your credit profile supports it, holding both is the optimal play. Use HDFC MoneyBack+ for its best categories, SBI BPCL Octane for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
HDFC MoneyBack+: 500 CashPoints on first transaction. SBI BPCL Octane: 6,000 BPCL reward points (₹1,500 fuel value).