The IDFC FIRST Power Plus Credit Card is a co-branded credit card that brings together the benefits of IDFC FIRST Bank and HPCL (Hindustan Petroleum Corporation Limited) to offer significant savings on fuel purchases and more. This card is designed to cater to the needs of frequent drivers who want to maximize their savings on fuel while also enjoying a range of other benefits, including reward points on everyday spends, discounts on dining, and attractive offers on shopping and travel. With no annual fee and competitive reward rates, this card is an ideal choice for those looking to cut down on fuel expenses and earn rewards on their daily expenditures.
Overview
| Feature | Details |
|---|---|
| Card Type | Fuel and Lifestyle Credit Card |
| Reward Rate | Up to 10x Reward Points on fuel and other categories |
| Reward Value | Varies based on redemption options |
| Joining Fee | Nil |
| Unique Selling Points | 5% cashback on fuel at HPCL, no annual fee, wide range of reward categories |
| Rating | ★★★★☆ (4.3/5) |
IDFC FIRST Power Plus Credit Card Fees and Charges
| Fee Type | Details |
|---|---|
| Joining Fee | Nil |
| Annual Fee | Nil |
| Finance Charges | 0.75% per month (9% per annum) on retail spends |
| Foreign Transaction Fee | 3.5% + GST |
| Cash Advance Fee | 2.5% of the amount withdrawn (min ₹500) |
| Late Payment Fee | ₹100 to ₹1,000 depending on the outstanding balance |
| Fuel Surcharge Waiver | 1% on transactions between ₹200 and ₹5,000 |
IDFC FIRST Power Plus Credit Card Benefits
Welcome benefits of IDFC FIRST Bank Credit Card
IDFC FIRST Bank offers a variety of welcome benefits and exclusive deals for its FIRST Power and FIRST Power+ credit cardholders. These benefits include:
- Fuel Cashback:
- FIRST Power: ₹250 cashback on the first fuel transaction of ₹250 or above at HPCL fuel stations.
- FIRST Power+: ₹500 cashback on the first fuel transaction of ₹500 or above at HPCL fuel stations.
- Valid for transactions within 30 days of card setup.
- EMI Cashback:
- 5% cashback up to ₹1000 on the first EMI transaction with a tenure of 6 months or above.
- Applicable within 30 days of card setup.
- Zoomcar Offer:
- Flat ₹1000 off on Zoomcar rentals with a minimum trip duration of 2 days.
- Use promo code ALIDFCFIRST.
- Eco Rent A Car:
- Up to 50% discount on chauffeur-driven car rentals.
- Discounts vary by car category and city.
- HP Pay Offer:
- 1.5% savings on fuel transactions at HPCL fuel stations when using HP Pay.
Top Offers
- Fuel Cashback: Highlight the savings on fuel with both the FIRST Power and FIRST Power+ cards. This can attract readers who frequently travel by car.
- EMI Cashback: Emphasize the 5% cashback on the first EMI transaction, which is ideal for users planning significant purchases.
- Zoomcar Offer: The flat ₹1000 discount is excellent for readers who prefer self-drive car rentals, making it a perfect pick for travel enthusiasts.
- Eco Rent A Car Discounts: The up to 50% discount can be a compelling offer for readers in need of chauffeur-driven services, particularly in major cities like Delhi NCR, Mumbai, and Bengaluru.
These offers will add value to your credit card review blog by showcasing the practical and attractive benefits of the IDFC FIRST Bank credit cards.
Savings and Rewards
- 5% savings on fuel transactions at HPCL stations.
- 1.5% savings on HP Pay App.
- 5% savings on IDFC FASTag uploads.
- 5% savings on groceries and utilities.
- 3X rewards on other expenses.
- Fuel surcharge waiver included in fuel savings.
Joining Benefits
- ₹500 cashback on the first transaction of ₹500 or more at HPCL fuel stations.
- 5% cashback up to ₹1,000 on the first EMI.
Lifestyle Privileges
- 25% discount on movie tickets up to ₹100, once per month.
- Domestic airport lounge access once every quarter.
- Complimentary roadside assistance worth ₹1,399.
Insurance and Coverage
- ₹2 Lakh Personal Accident Cover.
Standard Features
- Low and dynamic interest rates.
- Interest-free ATM cash withdrawals for up to 48 days.
- Annual fee waiver on spending ₹1,50,000 in a year.
- EMI and balance transfer facilities available.
Fuel Benefits
- 5% Cashback on Fuel: Earn 5% cashback on fuel purchases made at HPCL petrol pumps across India, capped at ₹200 per month.
- Fuel Surcharge Waiver: Get a 1% fuel surcharge waiver on transactions between ₹200 and ₹5,000 at HPCL outlets, ensuring more savings on every refuel.
Rewards Program
- Up to 10x Reward Points: Earn 10x Reward Points on spends made at HPCL petrol pumps. Additionally, earn 6x Reward Points on dining and grocery spends, and 3x Reward Points on other categories.
- Reward Points on All Spends: For every ₹100 spent, you can earn up to 10 Reward Points depending on the category, making it a versatile card for various spending needs.
Dining Discounts
- Exclusive Dining Offers: Enjoy up to 15% discount at partner restaurants across India, making your dining experiences more rewarding and affordable.
Shopping and E-Commerce Benefits
- Special Discounts: Avail exclusive discounts on leading e-commerce platforms like Amazon, Flipkart, and Myntra when using your IDFC FIRST HPCL First Power Plus Credit Card.
Travel Benefits
- Airport Lounge Access: Get 2 complimentary domestic airport lounge visits per quarter, allowing you to travel in comfort and style.
- Discounted Travel Bookings: Enjoy discounts on flight and hotel bookings through partner travel websites.
Insurance Cover
- Personal Accident Insurance: Get complimentary personal accident insurance coverage of up to ₹10 lakh, providing financial security in case of an accident.
- Purchase Protection: Protect your purchases against theft or damage for up to 90 days from the date of purchase.
Contactless Payments
- Tap & Pay Feature: The IDFC FIRST HPCL First Power Plus Credit Card supports contactless payments, enabling you to make quick and secure transactions without the need to swipe your card.
Bill Payment Convenience
- Utility Bill Payments: Earn Reward Points on utility bill payments such as electricity, water, and phone bills when paid using your credit card.
Rewards
| Spending Category | Reward Points Earned |
|---|---|
| Fuel Purchases at HPCL | 10x Reward Points per ₹100 spent |
| Dining and Groceries | 6x Reward Points per ₹100 spent |
| Other Categories | 3x Reward Points per ₹100 spent |
| Regular Purchases | 1x Reward Point per ₹100 spent |
Redemption
Reward Points earned on the IDFC FIRST HPCL First Power Plus Credit Card can be redeemed for a variety of options, including:
- Fuel Purchases: Redeem points directly for fuel at HPCL petrol pumps.
- Gift Vouchers: Use points to get vouchers from leading brands across shopping, dining, and travel.
- Airline Miles: Convert Reward Points into airline miles with select airline partners to enjoy discounted travel.
- Statement Credit: Use your Reward Points to reduce your outstanding credit card balance.
Gift Vouchers Available
| Category | Brands |
|---|---|
| Shopping | Amazon, Myntra, Pantaloons, Shoppers Stop, Westside |
| Electronics | Croma, Reliance Digital |
| OTA | MakeMyTrip, Yatra |
| Hotels | Oberoi Hotels, Taj Hotels, ITC Hotels |
| Cabs | Uber, Ola |
| Airline | Vistara, IndiGo, SpiceJet |
| Luxury Brands | Neiman Marcus, Gucci, Louis Vuitton |
| Merchandise | Apple, Samsung |
Airport Lounge Access
| Lounge Access | Details |
|---|---|
| Domestic Lounge Access | 2 complimentary visits per quarter |
| International Lounge Access | Not available |
| Annual Limit | 8 visits per year |
Airport Transfers
The IDFC FIRST HPCL First Power Plus Credit Card does not offer complimentary airport transfers, but it focuses on fuel benefits, rewards, and domestic lounge access.
Forex Markup Fee
| Feature | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST |
| Reward Rate for International Spends | 3x Reward Points per ₹100 spent |
Eligibility
- Age: 21 to 65 years.
- Income: Minimum annual income of ₹3 lakh.
- Employment: Available to both salaried and self-employed individuals.
How to Apply?
Online Application
- Visit the official IDFC FIRST Bank website.
- Navigate to the credit card section and select “IDFC FIRST HPCL First Power Plus Credit Card.”
- Complete the application form with your personal and financial details.
- Submit the required documents online for verification.
- Await approval and card issuance.
Offline Application
- Visit your nearest IDFC FIRST Bank branch.
- Request an application form for the IDFC FIRST HPCL First Power Plus Credit Card.
- Fill out the form with necessary details and submit it along with the required documents.
- The bank will process your application, and upon approval, the card will be issued.
FIRST Power+ Credit Card Review:
Fuel Savings
- 5% Savings on HPCL Fuel Spends: Earn 30 reward points per ₹150 spent at HPCL fuel stations, which translates to 5% savings. This benefit is capped at ₹10,000 per statement cycle, giving you a maximum of 2,400 reward points.
- 1.5% Additional Savings via HP Pay App: Earn 6 Happy Coins per ₹100 spent when using the HP Pay App for fuel purchases. This adds another layer of savings on your fuel expenses, with a maximum of 600 Happy Coins per month.
Grocery and Utility Savings
- 5% Savings on Groceries and Utilities: Earn 30 reward points per ₹150 spent on groceries and utilities, identified via Merchant Category Codes. This is capped at ₹2,000 per statement cycle, allowing for a maximum of 400 reward points.
FASTag Recharge Benefits
- 5% Savings on IDFC FIRST FASTag Recharges: Get 30 reward points per ₹150 spent on FASTag recharges made through the IDFC FIRST Bank Mobile Banking App or FIRST Forward App. This benefit is capped at ₹1,000 per statement cycle, offering a maximum of 200 reward points.
Other Retail Spends
- 3X Rewards on Other Retail Expenses: For all other retail transactions, excluding specific categories like insurance premiums, EMI transactions, and ATM cash withdrawals, you earn 3 reward points per ₹150 spent. There is no cap on these rewards, making it an attractive option for everyday purchases.
Exclusive Privileges
- Lifestyle Perks: Enjoy a 25% discount on movie tickets up to ₹100 each month and complimentary domestic airport lounge access once every quarter.
- Joining Benefits: Receive ₹500 cashback on your first transaction of ₹500 or more at HPCL fuel stations and 5% cashback up to ₹1,000 on your first EMI.
Editor’s Rating
Final Verdict
The FIRST Power+ Credit Card stands out for its robust rewards program, particularly for those who frequently spend on fuel, groceries, and utilities. With added benefits like low-interest rates, balance transfer options, and lifestyle perks, it’s a comprehensive card designed to maximize savings across a range of everyday expenses.
Pros and Cons
| Pros | Cons |
|---|---|
| 5% cashback on fuel purchases at HPCL outlets | No international lounge access or airport transfer benefits |
| Up to 10x Reward Points on fuel and select categories | High foreign transaction fee at 3.5% + GST |
| No annual fee, making it an affordable option | Limited international travel perks |
| Complimentary domestic lounge access (2 visits per quarter) | Cap on fuel cashback to ₹200 per month |
Similar Cards to IDFC FIRST Power Plus Credit Card
| Feature | IDFC FIRST Power Plus Credit Card | SBI BPCL Octane Credit Card | ICICI HPCL Coral Credit Card |
|---|---|---|---|
| Annual Fee | Nil | ₹1,499 + GST (waived on spending ₹3 lakh annually) | ₹199 + GST (waived on spending ₹50,000 annually) |
| Reward Rate | Up to 10x Reward Points on fuel, 6x on dining | 6.25% value back on fuel at BPCL outlets | 2.5% cashback on fuel at HPCL outlets |
| Lounge Access | 2 domestic lounge visits per quarter | 6 complimentary domestic lounge visits per year | None |
| Fuel Surcharge Waiver | 1% on transactions between ₹200 and ₹5,000 at HPCL | 1% on transactions between ₹400 and ₹4,000 at BPCL | 1% on transactions between ₹400 and ₹4,000 at HPCL |
| Forex Markup Fee | 3.5% + GST | 3.5% + GST | 3.5% + GST |
SBI BPCL Octane Credit Card Comparison
The SBI BPCL Octane Credit Card offers a higher value back on fuel spends at BPCL outlets, making it a strong contender for BPCL loyalists. It also comes with more lounge access and milestone rewards but has a higher annual fee. The IDFC FIRST HPCL First Power Plus Credit Card, on the other hand, provides significant fuel savings at HPCL outlets, no annual fee, and complimentary lounge access, making it a more affordable and versatile option for frequent drivers who prefer HPCL.
ICICI HPCL Coral Credit Card Comparison
The ICICI HPCL Coral Credit Card is a budget-friendly option with a low annual fee, focusing primarily on fuel cashback at HPCL outlets. While it offers basic fuel benefits, it lacks the extensive rewards and lounge access provided by the IDFC FIRST HPCL First Power Plus Credit Card. If you’re looking for a no-annual-fee card with strong fuel and lifestyle benefits, the IDFC FIRST HPCL First Power Plus Credit Card is the better choice.
FAQ
What is the annual fee for the IDFC FIRST HPCL First Power Plus Credit Card?
There is no annual fee for this credit card, making it a cost-effective choice for users.
How do I earn reward points with this card?
You can earn up to 10x Reward Points on fuel purchases at HPCL, 6x on dining and groceries, and 3x on other categories.
Does this card offer airport lounge access?
Yes, the card provides 2 complimentary domestic airport lounge visits per quarter.
Are there cashback benefits on fuel purchases?
Yes, you can earn 5% cashback on fuel purchases at HPCL outlets, capped at ₹200 per month.
Can I use this card internationally?
Yes, the card can be used internationally, but it has a foreign transaction fee of 3.5% + GST. You can Apply for HPCL Credit Card.
