IDFC HPCL First Power Plus Credit Card – Benefits, Fees & Eligibility

Introduction

FIRST Power+ Credit Card

The FIRST Power+ Credit Card, issued by IDFC FIRST Bank in collaboration with Hindustan Petroleum Corporation Limited (HPCL), is positioned as a mid-range credit card designed for daily commuters and vehicle owners. It focuses on maximizing savings on everyday expenses like fuel, grocery, and FASTag recharges, while also offering significant lifestyle privileges. Key differentiating benefits include up to 6.5% savings on fuel, welcome benefits worth ₹2500, complimentary domestic airport lounge access, and rewards on UPI transactions.

FIRST Power Credit Card

The FIRST Power Credit Card, also issued by IDFC FIRST Bank in partnership with HPCL, is an entry-level credit card tailored for vehicle owners. It aims to provide unmatched savings on fuel, utility payments, and travel expenses, helping users manage rising costs. Top benefits include up to 5% savings on fuel expenses, welcome benefits worth ₹2250, and rewards on UPI transactions, making it a valuable tool for everyday spending.

Welcome Benefits

FIRST Power+ Credit Card

• Overall Welcome Benefits: Worth ₹2500.
• HPCL Fuel Transaction Benefit:
  • ₹500 worth Gift Voucher on the first HPCL fuel transaction of ₹500 or above.
  • Eligibility:
    • For cards set-up till June 9, 2025: First HPCL fuel transaction of ₹500 or above must be done within 30 days of card set-up. Benefit is given as cashback.
    • For cards set-up June 10, 2025, onwards: First HPCL fuel transaction of ₹500 or above must be done within 60 days of card set-up. Benefit is given as a gift voucher.
    • Spends done only on the Primary Card are eligible.
    • Only cardholders who have paid the Joining Fee are eligible.
  • Fulfilment:
    • For cards set-up till June 9, 2025: Cashback credited within 45 days from card set-up.
    • For cards set-up June 10, 2025, onwards: Gift voucher issued within 75 days of card set-up and redeemable within 90 days of voucher issuance.
  • Exclusion: Not applicable on UPI and Add-on card transactions. Not processed if the transaction is reversed/cancelled/disputed.
• First EMI Conversion Cashback:
  • 5% cashback (up to ₹1,000) on the transaction value of the first EMI conversion.
  • Eligibility: Applicable only on the first EMI conversion within the first 30 days of card set-up (from the day SMS/email confirmation of card set-up is received).
  • Fulfilment: Eligible customers receive cashback within 90 days of the offer end date.
  • Exclusion: Transactions on gold and jewellery are not eligible for EMI conversion. Not eligible if the customer is delinquent at the time of offer fulfilment. Not considered if any EMI transaction is reversed/cancelled/foreclosed/disputed.
• Merchant Offers: Exciting merchant offers worth ₹1,000+.

FIRST Power Credit Card

• Overall Welcome Benefits: Worth ₹2250.
• HPCL Fuel Transaction Benefit:
  • ₹250 worth benefit on the first HPCL fuel transaction of ₹250 or above.
  • Eligibility:
    • For cards set-up till June 9, 2025: First HPCL fuel transaction of ₹250 or above must be done within 30 days of card set-up. Benefit is given as cashback.
    • For cards set-up June 10, 2025, onwards: First HPCL fuel transaction of ₹250 or above must be done within 60 days of card set-up. Benefit is given as a gift voucher.
    • Spends done only on the Primary Card are eligible.
    • Only cardholders who have paid the Joining Fee are eligible.
  • Fulfilment:
    • For cards set-up till June 9, 2025: Cashback credited within 45 days from card set-up.
    • For cards set-up June 10, 2025, onwards: Gift voucher issued within 75 days of card set-up and redeemable within 90 days of voucher issuance.
  • Exclusion: Not applicable on UPI and Add-on card transactions. Not processed if the transaction is reversed/cancelled/disputed.
• First EMI Conversion Cashback:
  • 5% cashback (up to ₹1,000) on the transaction value of the first EMI conversion.
  • Eligibility: Applicable only on the first EMI conversion within the first 30 days of card set-up (from the day SMS/email confirmation of card set-up is received).
  • Fulfilment: Eligible customers receive cashback within 90 days of the offer end date.
  • Exclusion: Transactions on gold and jewellery are not eligible for EMI conversion. Not eligible if the customer is delinquent at the time of offer fulfilment. Not considered if any EMI transaction is reversed/cancelled/foreclosed/disputed.
• Merchant Offers: Exciting merchant offers worth ₹1,000+.

Fees

FIRST Power+ Credit Card

• Joining Fee: ₹499 + GST. Payment of Joining Fee + GST is required for activation and dispatch of the card.
• Renewal Fee (Annual Fee 2nd year onwards): ₹499 + GST.
• Spend-Based Waiver: Annual fee is reversed on spends of ₹1,50,000 or more in the previous anniversary year. This milestone includes all purchases (excluding ATM Cash Withdrawal, Balance Transfer, monthly EMIs, fees and charges) net of reversals/refunds.
• Rewards Redemption Fee: ₹99 + GST on every redemption request.
• Foreign Currency Markup: 3.5% on all international transactions.
• Interest Rates: Low and dynamic interest rates (APR) from 0.71% to 3.85% per month (8.5% to 46.2% per annum). No interest is charged if the balance is repaid in full each month by the due date.
• Fuel Surcharge: No fuel surcharge waiver benefits are offered. Instead, the card provides high reward points on fuel expenses.
• Cash Advance Charges: ₹199 + GST per transaction for ATM cash withdrawals. Enjoy 0% interest on ATM cash withdrawals for up to 45 days until the due date.
• Over-Limit (OVL) Charges: 2.5% of the over-limit amount, subject to a minimum charge of ₹550.
• Late Payment Fee: 15% of Total Amount Due, subject to a minimum of ₹100 and a maximum of ₹1300.

FIRST Power Credit Card

• Joining Fee: ₹199 + GST. Payment of Joining Fee + GST is required for activation and dispatch of the card.
• Renewal Fee (Annual Fee 2nd year onwards): ₹199 + GST.
• Spend-Based Waiver: Annual fee is reversed on spends of ₹50,000 or more in the previous anniversary year. This milestone includes all purchases (excluding ATM Cash Withdrawal, Balance Transfer, monthly EMIs, fees and charges) net of reversals/refunds.
• Rewards Redemption Fee: ₹99 + GST on every redemption request.
• Foreign Currency Markup: 3.5% on all international transactions.
• Interest Rates: Low and dynamic interest rates (APR) from 0.71% to 3.85% per month (8.5% to 46.2% per annum). No interest is charged if the balance is repaid in full each month by the due date.
• Fuel Surcharge: No fuel surcharge waiver benefits are offered. Instead, the card provides high reward points on fuel expenses.
• Cash Advance Charges: ₹199 + GST per transaction for ATM cash withdrawals. Enjoy 0% interest on ATM cash withdrawals for up to 45 days until the due date.
• Over-Limit (OVL) Charges: 2.5% of the over-limit amount, subject to a minimum charge of ₹550.
• Late Payment Fee: 15% of Total Amount Due, subject to a minimum of ₹100 and a maximum of ₹1300.

Rewards

FIRST Power+ Credit Card

• Fuel:
  • Up to 6.5% savings on your fuel expenses at HPCL pumps.
  • 30X Reward Points on HPCL Fuel (up to 2,400 Reward Points per statement cycle, equivalent to ₹600).
  • Additional 1.5% savings by earning 6 Happy Coins per ₹100 fuel spends through the HP Pay App at HPCL fuel stations (maximum 600 Happy Coins in a month with a maximum spend capping of ₹10,000).
• Grocery & Utility: 5% savings as Rewards on Grocery & Utility expenses (maximum cap ₹2,000 per month).
• FASTag: 5% savings as Rewards on IDFC FIRST FASTag recharge (maximum cap ₹1,000 per month). Earn 30 rewards for every ₹150 spent.
• Other Retail Transactions: 3X Rewards on UPI and other retail transactions (3 reward points for every ₹150 spent).
• Travel (via IDFC FIRST Mobile App - 'FIRST Rewards Gallery'):
  • Up to 8.83% savings on Hotel bookings (Earn 50X Bonus Reward Points).
  • Up to 5.50% savings on Flight bookings (Earn 30X Bonus Reward Points).
• Movies: 25% off on movie tickets up to ₹100, once every month.
• Dining: Exciting merchant offers from popular partnered brands.
• Domestic Lounge: Complimentary Domestic Airport Lounge access, once every quarter, on minimum monthly spends of ₹20,000.
• Insurance:
  • Personal Accident Cover of ₹2,00,000.
  • Lost Card Liability Cover of ₹25,000.
• Roadside Assistance (RSA): Complimentary Roadside Assistance worth ₹1,399 (4 complimentary services in a year).
• UPI: Earn 3X Reward Points on UPI transactions across all categories, except Fuel, Insurance, and EMI. There is no limit to the number of UPI Reward Points you can earn.
• Add-on Card: Extend Add-on card to your co-passenger to boost savings.
• Referral Program: Refer your friends and earn up to 10,000 Rewards (2,000 Rewards for every card set-up).
• Reward Points Expiry: Reward points never expire.

FIRST Power Credit Card

• Fuel:
  • Up to 5% savings on your fuel expenses at HPCL pumps.
  • 21X Reward Points on HPCL fuel spend (for every ₹150 spent).
  • Additional 1.5% savings by earning 6 Happy Coins per ₹100 fuel spends through the HP Pay App at HPCL fuel stations (maximum 600 Happy Coins in a month with a maximum spend capping of ₹10,000).
• Grocery & Utility: 2.5% savings as Rewards on Grocery & Utility expenses.
• FASTag: 2.5% savings as Rewards on IDFC FIRST FASTag recharge.
• Other Retail Transactions: 2X Rewards on UPI and other retail transactions (2 reward points for every ₹150 spent).
• Travel (via IDFC FIRST Mobile App - 'FIRST Rewards Gallery'):
  • Up to 8.67% savings on Hotel bookings (Earn 50X Bonus Reward Points).
  • Up to 5.33% savings on Flight bookings (Earn 30X Bonus Reward Points).
• Dining: Exciting merchant offers from popular partnered brands.
• Insurance:
  • Personal Accident Cover of ₹2,00,000.
  • Lost Card Liability Cover of ₹25,000.
• Roadside Assistance (RSA): Complimentary Roadside Assistance worth ₹1,39