IDFC Bank recently launched their first co-branded credit card with HPCL, the FIRST Power credit card. The card is in association with RuPay and HPCL that allows users to save Rs. 7000 every year and by 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 know more about this credit card
- Joining Fee- Rs. 199 plus taxes but No Joining Fee as an introductory offer
- Renewal Fee- Rs. 199 plus taxes
- Best Suited For- Fuel
- Reward Type- Reward Points
- Welcome Benefits- NA
Rewards and Benefits
- 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
- Golf- NA
- Domestic Lounge Access- NA
- International Lounge Access- NA
- Insurance Benefits- Get personal accident cover worth Rs. 2 Lakhs and lost card liability cover worth Rs. 25,000
- Zero Liability Protection- Cardholder is not liable for fraudulent transactions if he reports it to the bank in a timely manner
Fees & Charges
- 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
- 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 Charge- Rs. 199 per withdrawal
- Add-on Card Fee- NilSpend based Waiver
Renewal fee is waived off on spending Rs. 50,000 in the card anniversary year - 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 Charge- Rs. 199 per withdrawal
- Add-on Card Fee- Nil
Product Details
- No joining fee as an introductory offer till 30 April 2023.
- 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 EuroCard 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
IDFC HPCL FIRST Power Credit Card – Features and Benefits
Welcome Benefits
Get cashback up to Rs. 250 on your 1st HPCL transaction of at least Rs. 250 or more, within 30 days of card issuance. Also, the card with comes Zero Joining Fee as an introductory offer till 30 April 2023.
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 EuroCard 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 –
- Visit the official website of IDFC First bank.
- Click on Cards > Co-Branded Cards and then choose the FIRST Power credit card.
- Click on Know more to know about the features and benefits of this card.
- Click on Apply Now to proceed with the application process.
Conclusion
The IDFC HPCL FIRST Power credit card is the first co-branded card by the bank and it also comes in the Power+ variant. Unlike most other IDFC cards, these are not lifetime free but you do get the card at no joining fee until 30th April 2023 as an introductory offer. 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 the credit card and earn up to 65 litres of fuel. The reward points earned by you on this credit card never expire and you can redeem them for various products and vouchers.
