Verified 2026 Bank MITC Rules & RBI ExclusionsUpdated: 2026-03-01
Swiggy HDFC Bank Credit Card vs BPCL SBI Card OCTANE for ₹100,000 Monthly Spend
Comparing Swiggy HDFC Bank Credit Card vs BPCL SBI Card OCTANE at ₹100,000/month. Swiggy HDFC Bank Credit Card wins, delivering ₹44,160 net annual value (3.68% ROI) vs ₹15,360 for BPCL SBI Card OCTANE.
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₹1,00,000(₹12,00,000/yr)
₹10,000/mo₹1,00,000/mo₹2,50,000/mo
Winner at ₹1,00,000/mo+ ₹28,800/yr Higher Value
Swiggy HDFC Bank Credit Card
Delivers ₹44,160 net annual returns (3.68% ROI) vs ₹15,360 on BPCL SBI Card OCTANE.
Card A
Swiggy HDFC Bank Credit Card
HDFC Bank
₹44,160Net Annual Benefit
Gross Rewards:₹44,160/yr
Effective Fee (incl. GST):Waived (₹0)
Net ROI on Spend:3.68%
Fee Waiver Progress (2L target):100%
Card B
BPCL SBI Card OCTANE
SBI Card
₹15,360Net Annual Benefit
Gross Rewards:₹15,360/yr
Effective Fee (incl. GST):Waived (₹0)
Net ROI on Spend:1.28%
Fee Waiver Progress (2L target):100%
2-Card Optimization HackMaximize Trapped / Capped Spend
+₹3,000/year Extra YieldPair Swiggy HDFC Bank Credit Card + Airtel Axis Bank Credit Card
Pair Swiggy HDFC Bank Credit Card with Airtel Axis Bank Credit Card to capture up to ₹3,000/yr extra on zero-reward categories.
Routes excluded categories:Electricity, Water, Gas & Broadband Bills
Detailed 12-Category Rupee Breakdown (@ ₹1,00,000/mo)
| Spend Category | Monthly Spend | Swiggy HDFC Bank Credit Card | BPCL SBI Card OCTANE |
|---|---|---|---|
| Amazon, Flipkart & Myntra Shopping | ₹25,000/mo | ₹1,250 (5%) | ₹63 (0.25%) |
| Scan & Pay Merchant UPI | ₹15,000/mo | ₹150 (1%) | ₹38 (0.25%) |
| Electricity, Water, Gas & Broadband BillsUtility bill payments excluded from earning cashback | ₹12,000/mo | 0% Excluded | ₹30 (0.25%) |
| Swiggy, Zomato & Dining Out | ₹12,000/mo | ₹1,200 (10%) | ₹300 (2.5%) |
| Blinkit, Zepto, Instamart & Supermarkets | ₹10,000/mo | ₹1,000 (10%) | ₹250 (2.5%) |
| Petrol & Diesel at Fuel StationsFuel spends excluded from cashback; 1% surcharge waiver up to ₹250/mo | ₹8,000/mo | 0% Excluded | ₹580 (7.25%) |
| Flights, Hotels & IRCTC Trains | ₹8,000/mo | ₹80 (1%) | ₹20 (0.25%) |
| LIC, Health & Term Insurance Premiums | ₹5,000/mo | 0% Excluded | 0% Excluded |
| House Rent & School/College FeesRent and education payments excluded from earning cashback | ₹5,000/mo | 0% Excluded | 0% Excluded |
| International Travel & Forex Spends | ₹0/mo | ₹0 (1%) | ₹0 (0.25%) |
| Gold, Silver & Jewelry Purchases | ₹0/mo | ₹0 (0%) | ₹0 (0%) |
| Income Tax, GST & Challan Payments | ₹0/mo | ₹0 (0%) | ₹0 (0%) |
| Net Annual Benefit | ₹12,00,000/yr | +₹44,160 | +₹15,360 |
Frequently Asked Questions
Which card is better between Swiggy HDFC Bank Credit Card and BPCL SBI Card OCTANE for ₹100,000/month?▼
At ₹100,000/month (₹1,200,000/year), Swiggy HDFC Bank Credit Card mathematically outperforms BPCL SBI Card OCTANE by ₹28,800/year. Swiggy HDFC Bank Credit Card delivers ₹44,160 net annual benefit (3.68% effective yield), while BPCL SBI Card OCTANE returns ₹15,360 (1.28% effective yield).
Will the annual fee be waived at ₹100,000 monthly spend?▼
On an annual spend of ₹1,200,000: Swiggy HDFC Bank Credit Card annual fee is waived (₹0). BPCL SBI Card OCTANE annual fee is waived (₹0).
How do reward caps impact the earnings on both cards?▼
At this spend tier, Swiggy HDFC Bank Credit Card loses ₹0/year to monthly cashback caps, while BPCL SBI Card OCTANE loses ₹0/year. Swiggy HDFC Bank Credit Card remains uncapped at this spend. BPCL SBI Card OCTANE remains uncapped at this spend.
What is the breakeven monthly spend between Swiggy HDFC Bank Credit Card and BPCL SBI Card OCTANE?▼
Swiggy HDFC Bank Credit Card maintains superior net value across all standard monthly spend brackets between ₹15,000 and ₹2,00,000.