Verified 2026 Bank MITC Rules & RBI ExclusionsUpdated: 2026-03-01
IDFC FIRST Select Credit Card vs BPCL SBI Card OCTANE for ₹150,000 Monthly Spend
Comparing IDFC FIRST Select Credit Card vs BPCL SBI Card OCTANE at ₹150,000/month. BPCL SBI Card OCTANE wins, delivering ₹23,040 net annual value (1.28% ROI) vs ₹11,880 for IDFC FIRST Select Credit Card.
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₹1,50,000(₹18,00,000/yr)
₹10,000/mo₹1,00,000/mo₹2,50,000/mo
Winner at ₹1,50,000/mo+ ₹11,160/yr Higher Value
BPCL SBI Card OCTANE
Delivers ₹23,040 net annual returns (1.28% ROI) vs ₹11,880 on IDFC FIRST Select Credit Card.
Card A
IDFC FIRST Select Credit Card
IDFC FIRST Bank
₹11,880Net Annual Benefit
Gross Rewards:₹11,880/yr
Effective Fee (incl. GST):Waived (₹0)
Net ROI on Spend:0.66%
Card B
BPCL SBI Card OCTANE
SBI Card
₹23,040Net Annual Benefit
Gross Rewards:₹23,040/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
+₹18,000/year Extra YieldPair BPCL SBI Card OCTANE + SBI Cashback Credit Card
Pair BPCL SBI Card OCTANE with SBI Cashback Credit Card to capture up to ₹18,000/yr extra on zero-reward categories.
Routes excluded categories:Utility & Offline Spends
Detailed 12-Category Rupee Breakdown (@ ₹1,50,000/mo)
| Spend Category | Monthly Spend | IDFC FIRST Select Credit Card | BPCL SBI Card OCTANE |
|---|---|---|---|
| Amazon, Flipkart & Myntra Shopping | ₹37,500/mo | ₹375 (1%) | ₹94 (0.25%) |
| Scan & Pay Merchant UPI | ₹22,500/mo | ₹113 (0.5%) | ₹56 (0.25%) |
| Electricity, Water, Gas & Broadband Bills | ₹18,000/mo | ₹90 (0.5%) | ₹45 (0.25%) |
| Swiggy, Zomato & Dining Out | ₹18,000/mo | ₹180 (1%) | ₹450 (2.5%) |
| Blinkit, Zepto, Instamart & Supermarkets | ₹15,000/mo | ₹75 (0.5%) | ₹375 (2.5%) |
| Petrol & Diesel at Fuel Stations1% fuel surcharge waiver up to ₹300/month on transactions between ₹200 and ₹5,000 | ₹12,000/mo | 0% Excluded | ₹870 (7.25%) |
| Flights, Hotels & IRCTC Trains | ₹12,000/mo | ₹120 (1%) | ₹30 (0.25%) |
| LIC, Health & Term Insurance Premiums | ₹7,500/mo | ₹38 (0.5%) | 0% Excluded |
| House Rent & School/College Fees1% fee + 18% GST applies to rent payments; zero reward points earned | ₹7,500/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 | ₹18,00,000/yr | +₹11,880 | +₹23,040 |
Frequently Asked Questions
Which card is better between IDFC FIRST Select Credit Card and BPCL SBI Card OCTANE for ₹150,000/month?▼
At ₹150,000/month (₹1,800,000/year), BPCL SBI Card OCTANE mathematically outperforms IDFC FIRST Select Credit Card by ₹11,160/year. BPCL SBI Card OCTANE delivers ₹23,040 net annual benefit (1.28% effective yield), while IDFC FIRST Select Credit Card returns ₹11,880 (0.66% effective yield).
Will the annual fee be waived at ₹150,000 monthly spend?▼
On an annual spend of ₹1,800,000: IDFC FIRST Select 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, IDFC FIRST Select Credit Card loses ₹0/year to monthly cashback caps, while BPCL SBI Card OCTANE loses ₹0/year. IDFC FIRST Select Credit Card remains uncapped at this spend. BPCL SBI Card OCTANE remains uncapped at this spend.
What is the breakeven monthly spend between IDFC FIRST Select Credit Card and BPCL SBI Card OCTANE?▼
The calculated crossover breakeven spend is ₹17,000/month, where higher-fee benefits overtake the lower-fee option.