IDFC Bank has launched two co-branded credit card, the IDFC HPCL FIRST Power Credit Card and FIRST Power Plus Credit Card in partnership with HPCL. This RuPay-powered credit card is designed for individuals who frequently purchase fuel and seek lifestyle privileges. With the FIRST Power Credit Card, cardholders can save up to Rs. 7,000 annually, which includes savings on almost 65 liters of fuel every year. The card allows users to enjoy exclusive fuel benefits at over 20,000 HPCL outlets nationwide, especially when using the HP Pay app for payments.
The reward program on this card is diverse and rewarding, with points earned on fuel, groceries, utility bills, and various retail purchases. What’s even more appealing is that the reward points never expire, giving cardholders the flexibility to redeem them at any time for a range of benefits.
The dynamic interest rate feature of this card starts at just 9% per annum, making it a competitive option for those who may carry balances. Moreover, users can earn extra reward points by referring friends to the card, making it an even more attractive choice for those in search of rewards and savings.
To sum up, the IDFC FIRST Power Credit Card is an excellent choice for individuals looking to save on fuel and enjoy various lifestyle benefits, with added perks like low interest rates and no joining fee for early applicants. Keep reading to dive deeper into the card’s features and benefits.
Overview
| Feature | Details |
|---|---|
| Card Type | Fuel and Rewards Credit Card |
| Reward Rate | Up to 4% cashback on fuel purchases at HPCL outlets |
| Reward Value | 1 reward point ≈ ₹0.25 |
| Annual Fee | 199 + GST |
| Unique Selling Points | High rewards on fuel, fuel surcharge waiver, additional rewards on other categories |
| Rating (out of 5) | 4.6 |
IDFC HPCL FIRST Power Credit Card Charges
| Fee Type | Details |
|---|---|
| Joining Fee | ₹199 + GST |
| Renewal Fee | ₹199 + GST (waived on spending ₹1,00,000 annually) |
| Finance Charges | 3.6% per month (43.2% per annum) |
| Late Payment Fee | ₹300 to ₹1,000 based on the outstanding balance |
| Foreign Transaction Fee | 3.5% + GST |
| Rent Payment | 1% fee using third-party apps like CRED, Paytm |
| Education | 1% fee using third-party apps |
| Utilities | No additional charges |
IDFC HPCL FIRST Power Credit Card Benefits
This card provides various benefits:
- Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between ₹400 to ₹5,000 at HPCL fuel stations.
- Interest-Free Credit: Up to 50 days of interest-free credit from the date of purchase.
- EMI Options: Convert big purchases into easy monthly installments.
Welcome Benefits
| Welcome Benefit | Details |
|---|---|
| Cashback Offer | ₹250 cashback on the first fuel transaction |
Rewards
| Spend Category | Reward Rate |
|---|---|
| Fuel Purchases at HPCL | Up to 4% cashback |
| Dining and Groceries | 2% cashback |
| Utility Bill Payments | 1.5% cashback |
| All Other Spends | 1 reward point per ₹100 spent |
| Reward Value | 1 point ≈ ₹0.25 |
| Rewards Expire in | 3 years |
Milestone Benefits
| Spending Milestone | Reward Earned |
|---|---|
| Annual Spend of ₹1,00,000 | Annual fee waiver |
Redemption
Reward points can be redeemed for:
- Fuel: Directly pay for fuel at HPCL stations using earned points.
- Gift Vouchers: Redeem points for shopping vouchers from top brands.
- Cashback: Convert points into statement credit.
Gift Vouchers Available
| Category | Brands |
|---|---|
| Shopping | Amazon, Flipkart |
| Electronics | Croma |
| Travel | MakeMyTrip, Cleartrip |
| Dining | Zomato, Swiggy |
| Entertainment | BookMyShow |
Airport Lounge Access
| Access Type | Details |
|---|---|
| Domestic Lounges | Complimentary access at select airports |
| International Lounges | Limited access available |
Forex Markup Fee
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST on all international transactions |
IDFC HPCL FIRST Power Credit Card Eligibility
To apply for the IDFC HPCL FIRST Power Credit Card, applicants must meet the following criteria:
- Age: 18 to 70 years
- Income: Stable income required
- Documents Required: Aadhar Card, PAN Card, proof of income (latest bank statements/salary slips, ITR), and residence proof.
IDFC HPCL FIRST Power Credit Card Review
The IDFC HPCL FIRST Power Credit Card is an ideal choice for frequent fuel buyers seeking to maximize their savings. With up to 4% cashback on fuel purchases, a fuel surcharge waiver, and additional cashback on dining and groceries, this card offers substantial value. The annual fee is reasonable and can be waived off by meeting the spending criteria, making it a cost-effective option. The card’s various reward redemption options and straightforward savings make it practical for everyday use.
Overall Rating: 4.6
- Benefits: 4.7
- Fees: 4.5
- Customer Service: 4.4
Pros and Cons
| Pros | Cons |
|---|---|
| High cashback on fuel purchases. | Limited airport lounge access. |
| Fuel surcharge waiver. | High foreign transaction fee. |
| Annual fee waiver on meeting spend criteria. | Lower rewards on non-fuel transactions. |
Similar Cards to IDFC HPCL FIRST Power Credit Card
| Feature | IDFC HPCL FIRST Power Credit Card | BPCL SBI Card Octane | HPCL BoB ENERGIE Credit Card |
|---|---|---|---|
| Annual Fee | ₹199 + GST | ₹1,499 + GST | ₹499 + GST |
| Lounge Access | Limited domestic access | Limited domestic access | Not available |
| Reward Rate | Up to 4% cashback on fuel | 25 points per ₹100 spent at BPCL | Up to 24 points per ₹150 spent |
| Reward Value | 1 point ≈ ₹0.25 | 1 point ≈ ₹0.25 | 1 point ≈ ₹0.25 |
| Special Benefits | High cashback on fuel, surcharge waiver | High rewards on fuel, milestone benefits | High rewards on fuel, dining, groceries |
Relevant Links
To help our readers navigate our website and find additional relevant content, here are some internal links you might find useful:
For more detailed information about IDFC FIRST Bank credit cards and other financial products, you can visit the official IDFC FIRST Bank website.
FAQ
What is the annual fee for the IDFC HPCL FIRST Power Credit Card?
The annual fee is ₹199 + GST, which is waived upon spending ₹1,00,000 annually.
How can I earn reward points with the IDFC HPCL FIRST Power Credit Card?
You can earn up to 4% cashback on fuel purchases at HPCL fuel statio
How can I redeem the reward points earned with the IDFC HPCL FIRST Power Credit Card?
Reward points can be redeemed for fuel, gift vouchers, or cashback.
Does the IDFC HPCL FIRST Power Credit Card offer any fuel benefits?
Yes, the card offers a 1% fuel surcharge waiver on transactions between ₹400 to ₹5,000 at HPCL outlets.
What are the milestone benefits of the IDFC HPCL FIRST Power Credit Card?
The card offers an annual fee waiver upon spending ₹1,00,000 in a year.
Is the IDFC HPCL FIRST Power Credit Card worth it for frequent fuel buyers?
Absolutely. With high cashback rates, a fuel surcharge waiver, and low fees, this card provides excellent value for those who regularly spend on fuel.
