In the realm of credit cards designed for the modern Indian consumer, the IDFC FIRST Power+ Credit Card stands out as a robust offering, especially for those who frequently hit the road. Co-branded with Hindustan Petroleum Corporation Limited (HPCL), this card is engineered to provide substantial savings on fuel, daily essentials, and a host of lifestyle benefits, all while offering the convenience of digital banking and a competitive reward structure.
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At a Glance: Key Features & Benefits
- Joining Fee: ₹499 + GST
- Renewal Fee: ₹499 + GST (Waived on spends over ₹1,50,000 in the previous year)
- Best Suited For: Fuel, Daily Spends (Grocery, Utility), UPI Transactions
- Reward Type: Reward Points (1 Reward Point = ₹0.25)
- Interest Rates: Low & Dynamic, starting at 0.75% per month (9% to 43.8% annually)
- 0% Interest on ATM Cash Withdrawals: Until the due date (Cash Advance Fee: ₹199)
Welcome Aboard: Exciting Welcome Benefits
The card greets you with valuable benefits designed to offset your joining fee and kickstart your savings:
- HPCL Fuel Transaction Benefit: Get up to ₹500 cashback on your first HPCL fuel transaction of ₹500 or above. This benefit is applicable within 60 days of card setup.
- Important Note: For cards set up till June 9, 2025, this benefit is given as cashback. For cards set up on or after June 10, 2025, the benefit is given as a gift voucher.
- First EMI Conversion Cashback: Enjoy 5% cashback (capped at ₹1,000) on the transaction value of your first EMI conversion, provided it’s done within 30 days of card setup.
- Exciting Merchant Offers: Access a suite of enticing merchant offers worth ₹1,000+, including:
- ₹150 discount on Swiggy orders over ₹500.
- ₹500 off on ZoomCar Rentals (Use code
ALIDFCFIRST). - Up to 50% discount on chauffeur-driven car rentals with Eco Rent-A-Car and Europcar.
- For a complete list of offers, visit: https://idfcfirstrewards.poshvine.com/offers
Supercharge Your Savings: Rewards and Benefits Breakdown
The IDFC HPCL First Power Plus Credit Card is structured to reward you across your most frequent spending categories:
Fuel & Daily Essentials:
- Up to 6.5% Savings on Fuel Expenses: This is achieved through a combination of:
- 30X Reward Points on HPCL Fuel: Earn 30 Reward Points for every ₹150 spent on HPCL fuel, up to a maximum of 2,400 Reward Points (₹600) in a statement cycle.
- HP Pay App Integration: Additionally, you can get 1.5% savings as Happy Coins (6 Happy Coins per ₹100 fuel spend) by fueling through the HP Pay App.
- Note: Rewards are not applicable on HPCL fuel and LPG expenses beyond the monthly capped amount.
- 5% Savings on Grocery & Utility Expenses: Earn significant rewards, equivalent to 5% savings, on your grocery and utility bills, capped at spends up to ₹2,000 per month (30 Reward Points for every ₹150 spent).
- 5% Savings on IDFC FIRST FASTag Recharge: Get rewarded for keeping your FASTag topped up, with 5% savings (30 Reward Points for every ₹150 spent), capped at a maximum of ₹1,000 per month.
- 3X Rewards on All Other Retail Transactions: Earn 3 Reward Points for every ₹150 spent on all other retail transactions, ensuring you’re always earning. There’s no cap on the number of UPI Reward Points you can earn.
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UPI Transactions: A Game Changer (RuPay Network)
The IDFC HPCL FIRST Power Plus Credit Card is available on the RuPay network, offering a significant advantage for digital payments.
- Seamless UPI Linkage: You can link your card to any UPI application of your choice (GooglePay, PhonePe, Cred, Paytm).
- 3X Rewards on UPI Transactions: Earn 3X Reward Points on all UPI transactions across various categories, excluding Fuel, Insurance, and EMI. This is a rare and highly beneficial feature, allowing you to maximize rewards on your everyday UPI spends without any capping.
Lifestyle Privileges:
- Domestic Airport Lounge Access: Enjoy 1 complimentary domestic airport lounge access every quarter, provided you have a minimum monthly spend of ₹20,000 in the previous month.
- Roadside Assistance: Benefit from complimentary roadside assistance worth ₹1,399, available four times a year, ensuring peace of mind during your journeys.
- Movie & Dining Discounts:
- Get 25% off on movie tickets, up to ₹100, once every month on the Paytm Mobile App (Use promo code “IDFCCCFM”).
- Access partner offers for dining and other services (e.g., Swiggy, ZoomCar).
- Insurance Benefits:
- Personal Accident Cover of ₹2,00,000.
- Lost Card Liability Cover of ₹25,000, protecting you in case of card loss or theft.
- Flexible Payment Options:
- EMIfy your purchases and balances: Convert large transactions into easy EMIs for convenient repayment.
- Add-on Card: Extend the card’s benefits to family members by issuing an add-on card, boosting overall savings.
Understanding the Reward Redemption
- Reward Point Value: 1 Reward Point = ₹0.25
- Rewards Redemption Fee: A fee of ₹99 is applicable on every redemption request.
Fees & List of All Charges
- Joining Fees: ₹499 + GST
- Annual Fees: ₹499 + GST
- Annual Fee Waiver: Waived on annual spends over ₹1,50,000 in the previous year.
- Rewards Redemption Fee: ₹99 on every redemption request.
- Foreign Currency Markup: 3.5% on all international transactions.
- Interest Rates: 0.75% to 3.65% Per Month (9% to 43.8% Annually).
- Fuel Surcharge: Not Applicable (this card integrates savings within its reward structure, making a separate surcharge waiver less relevant).
- Cash Advance Charges: ₹199 as a cash advance fee.
Eligibility Criteria
To apply for the IDFC HPCL First Power Plus Credit Card, you must meet the following:
- Indian Citizen: Must be a citizen of India.
- Age:
- Salaried: 21-60 years.
- Self-employed: 25-60 years.
- Income:
- Salaried: Minimum ₹25,000 per month.
- Self-employed: Minimum ₹5,00,000 per year (or an annual income of ₹3 lakh or more overall).
- Credit Score: A decent credit/CIBIL Score is required.
- Existing Customer: Generally, not for existing IDFC FIRST Bank credit cardholders.
Documents Needed for Application
- ID Proof (e.g., Aadhaar Card, Passport, Driving License)
- Address Proof (e.g., Aadhaar Card, Utility Bills)
- Income Proof (e.g., Salary slips for salaried, ITR/bank statements for self-employed)
- PAN Card/Form 60
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Pros and Cons
Pros:
- Excellent savings on HPCL fuel expenses.
- Rewarding UPI transactions (a key differentiator, especially on RuPay network).
- Affordable joining and renewal fees with an achievable waiver.
- 0% interest on ATM cash withdrawals until the due date.
- Comprehensive lifestyle benefits including lounge access, roadside assistance, and movie discounts.
- Includes essential insurance covers (personal accident, lost card liability).
Cons:
- Does not provide international lounge access, making it less ideal for frequent global travellers.
- A reward redemption fee of ₹99 is applicable, which can eat into smaller redemption values.
- The foreign currency markup of 3.5% is on the higher side for international transactions.
Conclusion
The IDFC HPCL First Power Plus Credit Card is a compelling choice for individuals who prioritize savings on their fuel and everyday expenses. Its unique feature of earning rewards on UPI transactions (via the RuPay network) sets it apart, making it highly relevant in today’s digital payment landscape. While it may not cater to extensive international travel needs, its strong domestic benefits, low fees, and flexible interest rates make it a powerful tool for optimizing your financial life in India. If you’re an HPCL loyalist or simply seeking a credit card that truly rewards your regular spending, the Power Plus variant deserves serious consideration.
Important Notes:
- The source of benefit details for this card is the official website of IDFC Bank.
- Devaluation is a part of every credit card—benefits may change from time to time.
- We advise you to carefully read all emails and messages from the bank to stay updated on any changes to your card’s benefits.
