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IDFC FIRST Power Credit Card vs BPCL SBI Card Octane
On rewards minus fees, BPCL SBI Card Octane beats IDFC FIRST Power in all four spend profiles we model, by ₹2,112 to ₹7,152 a year. IDFC FIRST Power costs ₹199 a year against ₹1,499, charges no forex markup against 3.5% and lists a lower income floor, ₹25,000 a month against ₹30,000. BPCL SBI Card Octane includes airport lounge access. Figures as of 1 Oct 2026.
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Who comes out ahead — by how you spend
Estimated net annual value — rewards earned minus the annual fee — for four typical spend profiles. Portal-only accelerators and lounge access are excluded, so this is the money you actually keep.
| Spender | IDFC FIRST Power Credit Card | BPCL SBI Card Octane |
|---|---|---|
Everyday spender ≈ ₹40k/mo across groceries, bills, dining and fuel | ₹2,844/yr | ₹4,956/yr✓ +₹2,112/yr |
Online shopper ≈ ₹60k/mo, mostly e-commerce and subscriptions | ₹3,372/yr | ₹5,556/yr✓ +₹2,184/yr |
Frequent traveller ≈ ₹1.2L/mo with heavy travel and forex spend | ₹6,288/yr | ₹9,780/yr✓ +₹3,492/yr |
High spender ≈ ₹2.5L/mo across every category | ₹13,836/yr | ₹20,988/yr✓ +₹7,152/yr |
Not in these numbers: IDFC FIRST Power Credit Card charges less on forex (0% vs 3.5%); BPCL SBI Card Octane adds airport lounge access — real perks that can outweigh a small rewards gap.
Illustrative profiles, not a personalised result — your categories decide the real winner. Run these two on my spending →
What your points are actually worth
A point's headline value means little without the earn rate behind it. Here's the real math — the value of a point by how you redeem it, the resulting return by category, and the net rupees for your own spend.
| Value of one point, by route | IDFC FIRST Power Credit CardIDFC Reward Points | BPCL SBI Card OctaneSBI Reward Points |
|---|---|---|
| Cash / statement credit | ₹0.25BEST | ₹0.25BEST |
| Gift vouchers | ₹0.25BEST | ₹0.25BEST |
Return by categoryearn rate × point value
Headline reward rate per category, before monthly caps.
Your spend, head to head
Enter your monthly spend — net value is the annual rewards after the card fee, at each card's best realistic redemption (our recommender's model, caps and fee-waivers included).
Total ₹60,000/mo · ₹7,20,000/yr
Want the money-first pick across your whole wallet? Run the recommender →
| IDFC FIRST Power Credit Card | BPCL SBI Card Octane | |
|---|---|---|
| Fees | ||
| Joining fee | ₹199 | ₹1,499 |
| Annual fee | ₹199/yr ✓ | ₹1,499/yr |
| Annual fee — all-in (incl. 18% GST) | ₹235 ✓ | ₹1,769 |
| Fee waiver at | ₹50,000/yr spend | ₹2,00,000/yr spend |
| Welcome benefit | ~₹2,250 | ~₹1,500 |
| Rewards | ||
| Best everyday reward | 2.5% on Utility Bills | 2.5% on Dining |
| Dining | 0.33% | 2.5% ✓ |
| Fuel | 0.33% ✓ | 0.25% |
| Groceries | 0.33% | 2.5% ✓ |
| Base rate — other spends | 0.33% ✓ | 0.25% |
| Utility Bills | 2.5% ✓ | 0.25% |
| Charges | ||
| Forex markup | 0% ✓ | 3.5% |
| Finance charge | — | — |
| Cash advance | — | — |
| Add-on card | — | — |
| Perks | ||
| concierge | ~₹1,399/yr · Complimentary roadside assistance programme worth ₹1,399 | — |
| fuel waiver | — | ~₹1,200/yr · 1% fuel surcharge waiver on BPCL transactions up to ₹4,000, capped at ₹100 per statement cycle (about ₹1,200 a year). Not available on fuel paid by UPI on the RuPay variant |
| insurance | ~₹800/yr · Personal accident cover of ₹2,00,000 and lost-card liability cover of ₹25,000 | — |
| lounge access | — | ~₹2,000/yr · 4 complimentary domestic airport lounge visits a year (1 per quarter) |
| milestone bonus | — | ~₹2,000/yr · ₹2,000 e-gift voucher on ₹3 lakh of annual spend. The 6,000-point welcome is paid on the joining fee, not on spend, and is carried in the fee block |
| Eligibility | ||
| Min income | ₹25,000/mo ✓ | ₹30,000/mo |
| Min age | 21+ yrs | — |
| UPI linked | Yes | — |
| Expert rating | 4.1 / 5 | 4.4 / 5 ✓ |
Reward rates above are the realistic value you keep — points earned × what a point is worth at each card's own best redemption, before monthly caps — so cards with different point values compare fairly. Bank-portal accelerators (earned only by booking through the issuer's own portal, on a slice of spend) are bounded upside, listed separately here rather than blended into the everyday rates.
Which should you pick?
Choose the IDFC FIRST Power Credit Card if you want strong rewards on utility bills at a lower annual fee. Consider the BPCL SBI Card Octane if you spend more on dining, with lounge access included. Your actual best card depends on how you spend — run your numbers below.
IDFC FIRST Power Credit Card vs BPCL SBI Card Octane — FAQs
Which has a lower annual fee, IDFC FIRST Power Credit Card or BPCL SBI Card Octane?
As of 1 Oct 2026, IDFC FIRST Power has the lower annual fee: ₹199 (₹235 with 18% GST), against ₹1,499 (₹1,769 with 18% GST) on BPCL SBI Card Octane. IDFC FIRST Power waives it after ₹50,000 of spend in a card year, BPCL SBI Card Octane after ₹2,00,000.
Do IDFC FIRST Power Credit Card and BPCL SBI Card Octane offer airport lounge access?
As of 1 Oct 2026, only BPCL SBI Card Octane includes airport lounge access: it lists 4 domestic visits a year (1 a quarter) at airport lounges. For spending abroad, IDFC FIRST Power adds no forex markup, against 3.5% on BPCL SBI Card Octane.
Which card has lower forex markup, IDFC FIRST Power Credit Card or BPCL SBI Card Octane?
As of 1 Oct 2026, IDFC FIRST Power has the lower forex markup: none at all, against 3.5% on BPCL SBI Card Octane. With 18% GST on the markup, ₹1,00,000 spent abroad costs about ₹4,130 extra on BPCL SBI Card Octane and nothing extra on IDFC FIRST Power.
For a frequent traveller, is the IDFC FIRST Power Credit Card or BPCL SBI Card Octane better value?
On figures as of 1 Oct 2026, BPCL SBI Card Octane comes out ahead for a frequent traveller (about ₹1.2 lakh a month with heavy travel and forex spend), with a net annual value (rewards minus the annual fee) of ₹9,780 against ₹6,288 on IDFC FIRST Power, a ₹3,492 gap. That figure leaves out forex markup, where IDFC FIRST Power charges 0% against 3.5% on BPCL SBI Card Octane.
For everyday spending, which returns more: IDFC FIRST Power Credit Card or BPCL SBI Card Octane?
On figures as of 1 Oct 2026, BPCL SBI Card Octane comes out ahead for an everyday spender (about ₹40,000 a month across groceries, bills, dining and fuel), with a net annual value (rewards minus the annual fee) of ₹4,956 against ₹2,844 on IDFC FIRST Power, a ₹2,112 gap. At this spend IDFC FIRST Power and BPCL SBI Card Octane both waive their annual fees.
Which is better, IDFC FIRST Power Credit Card or BPCL SBI Card Octane?
As of 1 Oct 2026, IDFC FIRST Power earns 2.5% on utility bills outside merchant or portal bonuses, paid as IDFC Reward Points, and BPCL SBI Card Octane earns 2.5% on dining outside merchant or portal bonuses, paid as SBI Reward Points. BPCL SBI Card Octane keeps more money after fees in all four spend profiles we model. The case for IDFC FIRST Power is that it costs ₹199 a year against ₹1,499 and charges no forex markup against 3.5%.