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IDFC Bank recently launched its first co-branded credit card with HPCL, the FIRST Power credit card. This RuPay credit card is in association with HPCL, which allows users to save Rs. 7000 every year and almost 65 litres of fuel every year. Cardholders can enjoy fuel benefits by paying at more than 20,000 HPCL outlets through the HP Pay App, along with a host of other lifestyle privileges.

Also, as an introductory offer, the card comes with a zero joining fee till 30th April 2023, and you get welcome benefits up to Rs. 1400 with the card. You earn reward points on fuel, grocery, utility, and other retail spends that do not expire ever and can be used to redeem for a host of stuff.

You can even benefit from dynamic interest rates beginning at 9% per annum and get reward points whenever you refer a friend for the credit card and the card gets set up.

Read on to learn more about this credit card.

IDFC Bank First Power Feature
(4.6/5)

Joining Fee

Rs. 199 + GST

Renewal Fee

Rs. 199 + GST

Best Suited For

Fuel |

Reward Type

Reward Points |

Welcome Benefits

NA

Movie & Dining

Get an exclusive discount of Rs. 150 on Swiggy orders of Rs. 500 or above.

Rewards Rate

Save up to 5% on your fuel spends. Save 2.5% as rewards on your utility and grocery expenses. 2.5% as rewards on your IDFC FASTag recharge. 2x rewards on all other retail spends.

Reward Redemption

You can pay for both online and offline transactions at select merchants instantly with your Reward Points. Redeem reward points for membership and gift vouchers of your favorite brands or for products on IDFC Bank’s Reward Redemption Catalog portal.

Travel

Complimentary roadside assistance worth Rs. 1399

Domestic Lounge Access

NA

International Lounge Access

NA

Golf

NA

Insurance Benefits

Get personal accident cover worth Rs. 2 Lakhs and lost card liability cover worth Rs. 25,000

Spend-Based Waiver

Renewal fee is waived off on spending Rs. 50,000 in the card anniversary year

Rewards Redemption Fee

Rs. 99 plus taxes

Rewards Redemption Fee

Rs. 99 plus taxes

Foreign Currency Markup

3.5%

Interest Rates

0.75 – 3.5% per month

Fuel Surcharge

1% fuel surcharge waiver capped at a maximum of Rs. 100 per month

Cash Advance Charges

Rs. 199 per withdrawal

  • Save up to 5% on fuel expenses up to a maximum of Rs. 5000 per month.
  • Save up to 2.5% on utility expenses and grocery spends up to a maximum of Rs. 4000 per month.
  • Save up to 2.5% on IDFC FASTag recharge up to a maximum of Rs. 2000 per month.
  • 2x reward points on other retail spends
  • Get cashback up to Rs. 250 on your 1st HPCL transaction of at least Rs. 250 or more.
  • Get Rs. 150 discount on Swiggy orders above Rs. 500
  • Get 50% off on Rental Cars with Europcar and Eco Rent-A-Car
  • Complimentary roadside assistance worth Rs. 1399
  • Personal accident insurance cover worth Rs. 2 Lakhs
  • Refer friends for the card and earn a maximum of 10,000 Rewards

Pros

  • This card comes at a low joining fee of Rs. 199 plus applicable taxes.

Cons

  • There is no complimentary lounge access provided with this card.
  • There aren’t any golf benefits along with the IDFC HPCL FIRST Power Credit Card.

IDFC HPCL FIRST Power Credit Card – Features and Benefits

Reward Points Accrual

  • Make 5% savings on fuel expenses up to a maximum of Rs. 5000 per month.
  • Save 2.5% as rewards on LPG and HPCL fuel, get 15 Rewards per Rs. 150 spent.
  • Save 1.5% as Payback Rewards on paying through the HP Pay App, 6 Payback Rewards per Rs. 100 spent
  • Save 1% as fuel surcharge waiver
  • Save 2.5% as rewards on utility and grocery spends up to a maximum of Rs. 4000 per month. Get 15 Rewards per Rs. 150 spent
  • Save 2.5% as Rewards on IDFC FASTag recharge up to a maximum of Rs. 2000 per month.
  • Get 2x rewards on all other retail spends

Travel Benefits

  • Get complimentary roadside assistance worth Rs. 1399, 4 times a year.
  • Get Rs. 500 off on ZoomCar rentals.
  • Get 50% discount on international and domestic car rentals with Europcar and Eco Rent-A-Car.

Rewards Points Redemption

  • You can pay for both online and offline transactions at select merchants instantly with your Reward Points.
  • Redeem reward points for membership and gift vouchers of your favorite brands.
  • Redeem your reward points for products on IDFC Bank’s Reward Redemption Catalog portal.

Dining Benefits

You get Rs. 150 off on Swiggy orders above Rs. 500.

EMI Benefits

You can easily convert your purchases and card balances to EMIs. Also, get 5% cashback up to a maximum of Rs. 1000 on your 1st EMI transaction’s value.

Insurance Benefits

Get personal accident cover worth Rs. 2 Lakhs and lost card liability cover worth Rs. 25,000

Referral Benefits

You can earn up to a maximum of 10,000 Rewards by referring your friends for the card. For every successful referral, you will get 2000 Rewards.

IDFC HPCL FIRST Power Credit Card – Fees & Charges

Annual Fee

The credit card comes with an annual fee of Rs. 199 plus taxes but you get it at Zero Joining Fee at an introductory offer. You can get the renewal fee waived off on spending Rs. 50,000 or above in the previous year.

Interest Rate

The card charges an interest rate of 0.75% to 3.5% per month.

Forex Markup Fee

The card charges 3.5% as a forex markup fee.

Cash Withdrawal Fee

The credit card charges Rs. 199 plus taxes for every cash withdrawal request.

Fuel Surcharge Waiver

Get 1% fuel surcharge waiver that is capped at a maximum of Rs. 100 per card statement cycle

How to Apply for IDFC HPCL FIRST Power Credit Card?

Follow these steps to apply for the credit card –

  • Click on the “Apply Now” button.
  • Fill in your details and apply for the IDFC HPCL FIRST Power Credit Card.

IDFC HPCL FIRST Power Credit Card Review

The IDFC HPCL FIRST Power credit card is the first co-branded card by the bank, and it also comes in the Power+ variant. The card aims to revolutionize the way people spend money for their mobility and fuel expenses so that they can organize their spends better.

The card provides lifestyle and utility benefits to the customer apart from fuel savings and also comes with exciting welcome and merchant offers. You can save almost Rs. 7000 every year with a credit card and earn up to 65 litres of fuel. The reward points earned on this credit card never expire, and you can redeem them for various products and vouchers.

FAQs:

No, the FIRST Power credit card comes at a joining fee of Rs. 199 plus taxes. 
You can make up to 5% savings on your fuel spends with the card and get up to 65 litres of fuel per year. You save 2.5% as rewards on HPCL and LPG fuel, you save 1.5% as rewards on payments through the HP Pay app, and you save 1% as a fuel surcharge waiver.
No, the reward points you earn on the FIRST Power credit card never expire. You can use the rewards to make online and offline payments at select merchants or redeem them against products or vouchers at the Reward Redemption catalog.
You have a chance to earn 10,000 Rewards by referring your friends for the credit card. For every successful card set up, you get 2000 Rewards.
Yes, you can get the renewal fee of this credit card waived off by spending Rs. 50,000 or more in the card anniversary year.
IDFC Bank First Power Feature

IDFC HPCL FIRST Power Credit Card

(4.6/5)

1 Comment

  1. Vilas Verma Reply

    What if I could not spend 50000 in the card anniversary year, how much will it charge?

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