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

IDFC FIRST Bank HPCL FIRST Power+ Credit Card

Introduction

The IDFC FIRST Bank HPCL FIRST Power+ Credit Card is a co-branded card designed to offer significant savings and lifestyle privileges, particularly for individuals with high fuel, grocery, and utility expenditures. Cardholders can save up to ₹18,500 annually, which is equivalent to over 175 litres of fuel. This card provides welcome benefits worth ₹2,500, rewards on UPI transactions, complimentary domestic airport lounge access, and discounts on movie tickets. It features low and dynamic interest rates starting at 8.5% per annum and offers 0% interest on ATM cash withdrawals until the due date.

Welcome Benefits

• ₹500 worth benefit: On the first HPCL fuel transaction of ₹500 or more.
  • For cards set up until June 9, 2025, the benefit is given as cashback.
  • For cards set up from June 10, 2025, onwards, the benefit is given as a gift voucher.
  • The transaction must be completed within 60 days of card setup (for cards set up from June 10, 2025) or within 30 days of card setup (for cards set up until June 9, 2025).
  • Only spends made on the Primary Card are eligible.
  • Cashback (for cards set up till June 9, 2025) will be credited within 45 days from card setup.
  • Gift voucher (for cards set up from June 10, 2025) will be issued within 75 days of card setup and can be redeemed within 90 days of voucher issuance.
  • Only cardholders who have paid the Joining Fee are eligible for this offer.
  • Not applicable on UPI and Add-on card transactions.
  • The benefit will not be processed if the transaction is reversed, cancelled, or disputed.
• 5% cashback (up to ₹1,000): On the transaction value of the first EMI conversion.
  • Applicable within 30 days of card set-up (from the day SMS/email confirmation of card set-up is received).
  • A transaction of ₹2,500 and above can be converted into EMI.
  • Eligible cashback will be received within 90 days of the offer end date.
  • 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 the transaction is reversed, cancelled, foreclosed, or disputed.
• Exciting merchant offers: Worth ₹1,000+.

Fees

• Joining Fee: ₹499 + GST. Payment of Joining Fee + GST is required for activation and dispatch of the card.
• 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.
• 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 by the due date. Paying the Minimum Amount Due each month is mandatory.
• OVL Charges (Over-limit Charges): 2.5% of the over-limit amount, subject to a minimum charge of ₹550.
• Late Payment Fee: 15% of the Total Amount Due, subject to a minimum of ₹100 and a maximum of ₹1300.
• Cash Advance Charges: ₹199 per transaction. 0% interest on ATM cash withdrawals for up to 45 days.
• Rewards Redemption Fee: ₹99 + GST on every redemption request.
• Foreign Currency Markup: 3.5% on all international transactions.

Rewards

• Overall Savings: Save up to ₹18,500 annually, which is enough to buy 175+ litres of fuel.
• Fuel Expenses: Up to 6.5% savings on fuel expenses at HPCL pumps.
  • Earn 30X Reward Points on HPCL Fuel spends, up to 2,400 Reward Points (equivalent to ₹600) in a statement cycle.
  • HP Pay App Savings: Earn an additional 1.5% savings by earning Happy Coins (6 Happy Coins per ₹100 fuel spends) when paying through the HP Pay App at HPCL fuel stations. Maximum 600 Happy Coins per month with a maximum spend capping of ₹10,000.
    • Via QR payment: 4 Happy Coins on payment and 2 Happy Coins within the first 30 days of payment.
    • Via wallet payment: 3 Happy Coins at wallet upload, 2 Happy Coins within the first 30 days of wallet upload, and 1 Happy Coin at the time of payment.
  • Rewards are not applicable to HPCL fuel and LPG expenses beyond the maximum monthly capped amount.
• Grocery & Utility: 5% savings as Rewards on Grocery & Utility expenses, with a maximum cap of ₹2,000 per month.
• IDFC FIRST FASTag Recharge: 5% savings as Rewards, with a maximum cap of ₹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).
  • Rewards are not applicable to Insurance and EMI transactions.
• Travel (via IDFC FIRST Mobile App 'Travel & Shop' section):
  • Up to 8.83% savings on hotel & flight bookings.
  • Hotel bookings: 8.83% savings (50X Bonus Reward Points over and above usual Credit Card Reward Points).
  • Flight bookings: 5.50% savings (30X Bonus Reward Points over and above usual Credit Card Reward Points).
  • Redeem Reward Points for flight and hotel bookings.
• Domestic Lounge: 1 complimentary Domestic Airport Lounge access every quarter, on minimum monthly spends of ₹20,000.
• Movies: 25% off on movie tickets up to ₹100, once every month.
• Insurance:
  • Personal Accident Cover of ₹2,00,000.
  • Lost Card Liability Cover of ₹25,000.
• Roadside Assistance (RSA): Complimentary Roadside Assistance worth ₹1,399, available 4 times a year. This benefit is available on all IDFC FIRST Bank Credit Cards.
• Lifestyle Privileges:
  • EMIfy your purchases and balances for payment convenience.
  • Extend an Add-on card to family members to boost combined savings.
  • Refer friends and earn up to 10,000 Rewards (2,000 Rewards for every card set-up).
• Brand Offers (across various categories):
  • Swiggy: Flat Rs 100 off on minimum purchase of Rs 699, max discount Rs 100. Valid every Thursday (using coupon code on payment page).
  • Zomato: 15% off up to Rs 125, or flat Rs 50 off on non-participating restaurants, on minimum purchase of Rs 499. Valid every Saturday & Sunday (using coupon code IDFCFEAST).
  • Hindustan Times: Complimentary one-year e-subscription worth Rs 999 (Valid till January 31, 2023, requires Rs 1 verification transaction).
  • Domino's: Flat Rs 150 off on Rs 700, once per user per month (Valid till March 31, 2023, using coupon code DOMIDFC150).
  • Eagles Pizza: 15% off on food bill (not valid on Buffet & Alcoholic Beverages) in Bangalore, Hyderabad & Secunderabad.
  • Marriott Hotel: 15% off on Food & Soft Beverages in M Café by Marriott (not valid on Buffet & Alcoholic Beverages) in Bangalore.
  • The Belgian Waffle Co: 15% off on food bill (not valid on Buffet & Alcoholic Beverages) at multiple locations.
  • Mahesh Lunch Home: 15% off on food bill (not valid on Buffet & Alcoholic Beverages) in Mumbai.
  • Fly High: 15% off on food bill (not valid on Buffet & Alcoholic Beverages) in Pune.
  • Oppo: 10% Cashback up to Rs 3000 on EMI transactions (Valid till March 31, 2023, at authorized stores).
  • Yatra: Domestic Flights: 12% instant discount up to INR 1200; International Flights: 10% instant discount up to Rs 7500; Domestic Hotels: 20% instant discount up to Rs 4800; Bus: 15% instant discount up to Rs 500. Valid every Friday (using coupon code YTIDFC).
  • Dunzo: Flat Rs 50 off on a minimum order value of Rs 499 (Valid till March 31, 2023, using coupon code IDFC50).
  • Vijay Sales: 10% Cashback up to Rs 3000 on EMI transactions (Valid till March 31, 2023, on minimum transaction value of Rs 15,000).
  • Croma: 10% discount up to Rs 2000 on Non-EMI transactions | 10% discount up to Rs 3000 on EMI transactions. Minimum transaction value Rs 15,000. Valid every Saturday & Sunday.
  • Other partnered brands include Tata Cliq, Tata 1mg, Myntra, Honda, 1441 Pizzeria, Bercos, Dell, Reliance RTL (Kelvinator & BPL), Jonahs Bistro, Punjab Grill, TGI Fridays.

Rewards Redemption Guide

• Reward Point Value: 1 Reward Point = ₹0.25.
• Instant Redemption: Pay instantly for any online transaction with your Credit Card Reward Points.
• Offline Redemption: Available for offline transactions at select merchants.
• Gift Cards & Memberships: Get gift cards or memberships from your favourite brands.
• Catalogue: Check the Credit Card Reward Redemption Catalogue page for updates and unique offers.
• Expiry: Reward points never expire; earn forever and redeem anytime, anywhere.
• Redemption Channels: Redeemable via the IDFC FIRST Bank app or internet banking portal.
• Redemption Fee: A redemption charge of ₹99 + GST applies to every redemption request.
• Travel Booking through App:
  • Open the IDFC FIRST Mobile Banking App.
  • Tap ‘Travel & Shop’ in the menu.
  • Choose ‘Hotels’ or ‘Flights’ and proceed to book.

Card Eligibility Criteria

• Age: Must be at least 21 years old (for salaried individuals) or 25 years old (for self-employed individuals).
• Citizenship: Must be an Indian citizen.
• Credit Score: Must have a healthy credit score (typically 730 or above is recommended).
• Credit Usage: Credit usage ratio must be within an acceptable level.
• Annual Income: Annual Income of ₹3 lacs or more.
• Existing IDFC FIRST Bank Customers: Existing IDFC FIRST Bank Credit Card holders can apply for the FIRST Power+ Credit Card; however, the credit limit will be shared with all existing IDFC FIRST Bank Credit Cards.
• Bank's Discretion: Issuance of the Credit Card is subject to the bank's internal assessment and at the sole discretion of IDFC FIRST Bank.

Card Review

The IDFC FIRST Bank HPCL FIRST Power+ Credit Card is a strong offering for individuals with significant spending on fuel and daily essentials. As one of IDFC First Bank's inaugural co-branded cards with HPCL, it excels in providing value for fuel expenses through enhanced reward points that surpass typical fuel surcharge waivers. Beyond fuel, its comprehensive benefits package includes substantial savings on groceries, utilities, and FASTag recharges. The card further boosts its appeal with lifestyle perks such as complimentary domestic lounge access and movie ticket discounts, alongside essential insurance coverage and roadside assistance. Its integration with UPI transactions and the IDFC FIRST Mobile App for accelerated travel rewards make it a versatile tool for everyday spending. The affordable joining fee and the ability to waive the annual fee with sufficient spending enhance its value proposition.

Pros

• Rewards on UPI transactions.
• Affordable joining fee (₹499).
• High annual savings potential of up to ₹18,500.
• Complimentary domestic airport lounge access and movie discounts.
• 0% interest on ATM cash withdrawals until the due date.

Cons

• Does not provide international lounge access, making it less ideal for global travellers.
• Fuel surcharge waiver is not directly offered, though reward savings are positioned to exceed it.

Important Product Details

• Save up to ₹18,500 annually, equivalent to 175+ litres of fuel.
• Welcome benefits include a ₹500 fuel benefit, 5% cashback (up to ₹1,000) on first EMI conversion, and merchant offers worth ₹1,000+.
• Up to 6.5% savings on HPCL fuel expenses (30X Reward Points on every ₹150 spent).
• 5% savings as Rewards on Grocery & Utility expenses (maximum cap of ₹2,000 per month).
• 5% savings as Rewards on IDFC FIRST FASTag recharge (maximum cap of ₹1,000 per month).
• 3X Rewards on UPI and other retail transactions.
• Low and dynamic interest rates from 0.71% to 3.85% per month (8.5% to 46.2% per annum).
• 0% interest on ATM cash withdrawals for up to 45 days, with a flat fee of ₹199 per transaction.
• Annual fee of ₹499 is reversed on spending ₹1,50,000 or more in a year.
• Complimentary Domestic Airport Lounge access once per quarter (requires minimum monthly spends of ₹20,000).
• 25% off on movie tickets up to ₹100, once every month.
• Complimentary Roadside Assistance worth ₹1,399, four times a year.
• Personal Accident Cover of ₹2,00,000 and Lost Card Liability Cover of ₹25,000.
• Reward points never expire.
• Purchases of ₹2,500 and above can be converted into EMI.
• UPI facility is available on the RuPay network and can be linked with apps like BHIM, PhonePe, Paytm, GPay, Freecharge, Slice, Cred, and Mobikwik.
• UPI payments from the credit card are allowed only to merchants (P2M transactions), not to individuals or other credit card accounts.
• UPI transaction limits: up to ₹1 lakh per day (up to ₹2 lakh for specific merchant categories). The daily limit is ₹5,000 during the first 24 hours after linking the card. All transactions are subject to the available credit limit.
• No charges for linking or carrying out transactions from the linked Credit Card on UPI.
• Credit cards cannot be set as the default option to receive incoming UPI payments.
• IDFC FIRST Bank Credit Cards do not offer surcharge benefits on fuel purchases, but the savings through accelerated Reward Points are designed to surpass the fuel surcharge waiver benefits.

Other Details

• Card Activation: Payment of the Joining Fee + GST is required for the activation of the digital card and dispatch of the physical credit card.
• Mobile Banking App Features: The IDFC FIRST Bank Mobile App provides comprehensive control over your credit card, including managing usage for online, contactless, or international transactions, setting/resetting PINs, viewing virtual card details, transaction history, e-statements, and outstanding amounts. It also facilitates instant bill payments, autopay setup, and redemption of reward points.
• Important Documents: Card Member Agreement, Most Important Terms & Conditions, Product Usage Guide, and Credit Card Basics are available for reference.

IDFC FIRST Bank HPCL FIRST Power Credit Card

Introduction

The IDFC FIRST Bank HPCL FIRST Power Credit Card is tailored to help users maximize savings on fuel, utilities, and everyday expenses. This co-branded card with Hindustan Petroleum Corporation Limited offers annual savings of up to ₹7,000, which can cover the cost of over 65 litres of fuel. It comes with welcome benefits worth ₹2,250, provides rewards for UPI transactions, and features low and dynamic interest rates starting at 8.5% per annum, along with 0% interest on ATM cash withdrawals until the due date.

Welcome Benefits

• ₹250 worth benefit: On the first HPCL fuel transaction of ₹250 or more.
  • For cards set up until June 9, 2025, the benefit is given as cashback.
  • For cards set up from June 10, 2025, onwards, the benefit is given as a gift voucher.
  • The transaction must be completed within 60 days of card setup (for cards set up from June 10, 2025) or within 30 days of card setup (for cards set up until June 9, 2025).
  • Only spends made on the Primary Card are eligible.
  • Cashback (for cards set up till June 9, 2025) will be credited within 45 days from card setup.
  • Gift voucher (for cards set up from June 10, 2025) will be issued within 75 days of card setup and can be redeemed within 90 days of voucher issuance.
  • Only cardholders who have paid the Joining Fee are eligible for this offer.
  • Not applicable on UPI and Add-on card transactions.
  • The benefit will not be processed if the transaction is reversed, cancelled, or disputed.
• 5% cashback (up to ₹1,000): On the transaction value of the first EMI conversion.
  • Applicable within 30 days of card set-up (from the day SMS/email confirmation of card set-up is received).
  • A transaction of ₹2,500 and above can be converted into EMI.
  • Eligible cashback will be received within 90 days of the offer end date.
  • 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 the transaction is reversed, cancelled, foreclosed, or disputed.
• Exciting merchant offers: Worth ₹1,000+.

Fees

• Joining Fee: ₹199 + GST. Payment of Joining Fee + GST is required for activation and dispatch of the card.
• 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.
• 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 by the due date. Paying the Minimum Amount Due each month is mandatory.
• OVL Charges (Over-limit Charges): 2.5% of the over-limit amount, subject to a minimum charge of ₹550.
• Late Payment Fee: 15% of the Total Amount Due, subject to a minimum of ₹100 and a maximum of ₹1300.
• Cash Advance Charges: ₹199 per withdrawal. 0% interest on ATM cash withdrawals for up to 45 days.
• Rewards Redemption Fee: ₹99 + GST on every redemption request.

Rewards

• Overall Savings: Save up to ₹7,000 annually, which is enough to buy 65+ litres of fuel.
• Fuel Expenses: Up to 5% savings on your fuel expenses at HPCL pumps.
  • Earn 21X Reward Points on HPCL fuel spends for every ₹150 spent.
  • HP Pay App Savings: Earn an additional 1.5% savings by earning Happy Coins (6 Happy Coins per ₹100 fuel spends) when paying through the HP Pay App at HPCL fuel stations. Maximum 600 Happy Coins per month with a maximum spend capping of ₹10,000.
    • Via QR payment: 4 Happy Coins on payment and 2 Happy Coins within the first 30 days of payment.
    • Via wallet payment: 3 Happy Coins at wallet upload, 2 Happy Coins within the first 30 days of wallet upload, and 1 Happy Coin at the time of payment.
• Grocery & Utility: 2.5% savings as Rewards on Grocery & Utility expenses (15X Reward Points for every ₹150 spent).
• IDFC FIRST FASTag Recharge: 2.5% savings as Rewards (15X Reward Points for every ₹150 spent).
• Other Retail Transactions: 2X Rewards on UPI and other retail transactions (2 reward points for every ₹150 spent).
  • Rewards are not applicable to Insurance and EMI transactions.
• Travel (via IDFC FIRST Mobile App 'Travel & Shop' section):
  • Up to 8.67% savings on hotel & flight bookings.
  • Hotel bookings: 8.5% savings (50X Bonus Reward Points over and above usual Credit Card Reward Points).
  • Flight bookings: 5.33% savings (30X Bonus Reward Points over and above usual Credit Card Reward Points).
  • Redeem Reward Points for flight and hotel bookings.
• Insurance:
  • Personal Accident Cover of ₹2,00,000.
  • Lost Card Liability Cover of ₹25,000.
• Roadside Assistance (RSA): Complimentary Roadside Assistance worth ₹1,399, available 4 times a year. This benefit is available on all IDFC FIRST Bank Credit Cards.
• Lifestyle Privileges:
  • EMIfy your purchases and balances for payment convenience.
  • Extend an Add-on card to family members to boost combined savings.
  • Refer friends and earn up to 10,000 Rewards (2,000 Rewards for every card set-up).
• Brand Offers: Unlock premium deals and discounts from popular partnered brands such as Tata Cliq, Tata 1mg, Myntra, Yatra, Zomato, Swiggy, Dunzo, Croma, Domino's, Eagles Pizza, Marriott Hotel, The Belgian Waffle Co, Mahesh Lunch Home, Fly High, Oppo, Vijay Sales, Hindustan Times, Dell, Reliance RTL (Kelvinator & BPL), Honda, 1441 Pizzeria, Bercos, Jonahs Bistro, Punjab Grill, TGI Fridays.

Rewards Redemption Guide

• Reward Point Value: 1 Reward Point = ₹0.25.
• Instant Redemption: Pay instantly for any online transaction with your Credit Card Reward Points.
• Offline Redemption: Available for offline transactions at select merchants.
• Gift Cards & Memberships: Get gift cards or memberships from your favourite brands.
• Catalogue: Check the Credit Card Reward Redemption Catalogue page for updates and unique offers.
• Expiry: Reward points never expire; earn forever and redeem anytime, anywhere.
• Redemption Channels: Redeemable via the IDFC FIRST Bank app or internet banking portal.
• Redemption Fee: A redemption charge of ₹99 + GST applies to every redemption request.
• Travel Booking through App:
  • Open the IDFC FIRST Mobile Banking App.
  • Tap ‘Travel & Shop’ in the menu.
  • Choose ‘Hotels’ or ‘Flights’ and proceed to book.

Card Eligibility Criteria

• Age: Must be at least 21 years old.
• Citizenship: Must be an Indian citizen.
• Credit Score: Must have a healthy credit score.
• Credit Usage: Credit usage ratio must be within an acceptable level.
• Annual Income: Annual Income of ₹3 lacs or more.
• Existing IDFC FIRST Bank Customers: Existing IDFC FIRST Bank Credit Card holders can apply separately for a new fuel card if they qualify.
• Bank's Discretion: Issuance of the Credit Card is subject to the bank's internal assessment and at the sole discretion of IDFC FIRST Bank.

Card Review

The IDFC FIRST Bank HPCL FIRST Power Credit Card is an entry-level co-branded fuel card offering substantial savings for users who frequently refuel at HPCL stations and spend on daily essentials. With a low joining and annual fee, which can be waived based on reasonable annual spends, it presents an accessible option for maximizing rewards on routine expenses. While it offers solid benefits on fuel, groceries, utilities, and FASTag, its more premium counterpart (FIRST Power+) provides higher reward rates and additional lifestyle perks like lounge access and movie discounts. Nonetheless, for individuals seeking a cost-effective credit card primarily for fuel and everyday savings with the added convenience of UPI transactions, the FIRST Power card delivers good value.

Pros

• Rewards on UPI transactions.
• Very affordable joining fee (₹199).
• Good annual savings potential of up to ₹7,000 for its segment.
• 0% interest on ATM cash withdrawals until the due date.

Cons

• Does not offer complimentary domestic airport lounge access or movie ticket discounts, unlike the Power+ variant.
• Fuel surcharge waiver is not directly offered, though reward savings are positioned to exceed it.

Important Product Details

• Save up to ₹7,000 annually, equivalent to 65+ litres of fuel.
• Welcome benefits include a ₹250 fuel benefit, 5% cashback (up to ₹1,000) on first EMI conversion, and merchant offers worth ₹1,000+.
• Up to 5% savings on HPCL fuel expenses (21X Reward Points on every ₹150 spent).
• 2.5% savings as Rewards on Grocery & Utility expenses.
• 2.5% savings as Rewards on IDFC FIRST FASTag recharge.
• 2X Rewards on UPI and other retail transactions.
• Low and dynamic interest rates from 0.71% to 3.85% per month (8.5% to 46.2% per annum).
• 0% interest on ATM cash withdrawals for up to 45 days, with a flat fee of ₹199 per withdrawal.
• Annual fee of ₹199 is reversed on spending ₹50,000 or more in a year.
• Complimentary Roadside Assistance worth ₹1,399, four times a year.
• Personal Accident Cover of ₹2,00,000 and Lost Card Liability Cover of ₹25,000.
• Reward points never expire.
• Purchases of ₹2,500 and above can be converted into EMI.
• UPI facility is available on the RuPay network and can be linked with apps like BHIM, PhonePe, Paytm, GPay, Freecharge, Slice, Cred, and Mobikwik.
• UPI payments from the credit card are allowed only to merchants (P2M transactions), not to individuals or other credit card accounts.
• UPI transaction limits: up to ₹1 lakh per day (up to ₹2 lakh for specific merchant categories). The daily limit is ₹5,000 during the first 24 hours after linking the card. All transactions are subject to the available credit limit.
• No charges for linking or carrying out transactions from the linked Credit Card on UPI.
• Credit cards cannot be set as the default option to receive incoming UPI payments.
• IDFC FIRST Bank Credit Cards do not offer surcharge benefits on fuel purchases, but the savings through accelerated Reward Points are designed to surpass the fuel surcharge waiver benefits.

Other Details

• Card Activation: Payment of the Joining Fee + GST is required for the activation of the digital card and dispatch of the physical credit card.
• Mobile Banking App Features: The IDFC FIRST Bank Mobile App provides comprehensive control over your credit card, including managing usage for online, contactless, or international transactions, setting/resetting PINs, viewing virtual card details, transaction history, e-statements, and outstanding amounts. It also facilitates instant bill payments, autopay setup, and redemption of reward points.
• Important Documents: Card Member Agreement, Most Important Terms & Conditions, Product Usage Guide, and Credit Card Basics are available for reference.