IDFC HPCL FIRST Power Credit Card, Rewards and Benefits, Joining Fees Charges, Apply Online

Amargyan April 4, 2024Last Updated: April 4, 2024

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IDFC HPCL FIRST Power Credit Card, Rewards and Benefits, Joining Fees Charges, Apply Online

IDFC HPCL FIRST Power Credit Card: IDFC Bank has stepped into the co-branded credit card arena with its inaugural collaboration with HPCL, unveiling the FIRST Power credit card. This RuPay credit card, in partnership with HPCL, promises substantial savings and fuel benefits for users, amounting to approximately Rs. 7000 annually and nearly 65 litres of fuel each year. Cardholders can tap into these advantages by simply transacting at over 20,000 HPCL outlets through the HP Pay App, alongside a suite of additional lifestyle privileges.

As an enticing introductory offer, the card waives the joining fee until April 30th, 2023, and extends welcome benefits worth up to Rs. 1400 to new users. Furthermore, users accumulate reward points on various categories such as fuel, grocery, utilities, and retail spends, with the added perk of these points never expiring. These accrued points can then be redeemed for a diverse range of rewards, enhancing the cardholder’s overall experience.

Moreover, the FIRST Power credit card offers dynamic interest rates commencing at a competitive 9% per annum, ensuring cost-effectiveness for users. Additionally, cardholders can reap further rewards by referring friends for the credit card, earning reward points upon successful setup of the referred card.

Switching gears to the co-branded offering by HDFC and Paytm, it remains to be seen how it distinguishes itself in the market and caters to the evolving needs of consumers. However, with its focus on fuel savings, attractive introductory benefits, and flexible rewards program, the FIRST Power credit card by IDFC Bank sets a promising precedent in the co-branded credit card landscape.

Fees	Joining Fee- Rs. 199 + GST Renewal Fee- Rs. 199 + GST
Best Suited For	Fuel
Reward Type	Reward Points
Welcome Benefits	NA

Rewards and Benefits

Savor Savings on Swiggy Orders: Treat your taste buds to a delightful feast with an exclusive discount of Rs. 150 on Swiggy orders of Rs. 500 or above. Whether you’re craving gourmet cuisine or comfort food, indulge in mouthwatering delights from the comfort of your home while enjoying irresistible savings.
Rewarding Your Spending Habits: Enjoy savings on every purchase with our versatile rewards program. Save up to 5% on your fuel spends, ensuring that every journey is marked by savings at the pump. Earn 2.5% rewards on your utility and grocery expenses, alongside 2.5% rewards on your IDFC FASTag recharge. Additionally, earn 2x rewards on all other retail spends, ensuring that every transaction is rewarded generously.
Seamless Reward Redemption: Unlock a world of possibilities with our seamless reward redemption options. Pay for both online and offline transactions instantly with your Reward Points at select merchants, or redeem them for membership and gift vouchers of your favorite brands. Explore our extensive Reward Redemption Catalog portal and treat yourself to a plethora of products and experiences.
Travel with Peace of Mind: Hit the road with confidence with complimentary roadside assistance worth Rs. 1399, ensuring that help is just a call away in the event of emergencies. Enjoy peace of mind knowing that assistance is readily available, allowing you to focus on your journey with ease.
Comprehensive Insurance Benefits: Stay protected at all times with personal accident cover worth Rs. 2 Lakhs and lost card liability cover worth Rs. 25,000. Whether you’re at home or traveling abroad, rest assured knowing that you’re covered against unforeseen mishaps and fraudulent transactions.
Experience Zero Liability Protection: Enjoy complete peace of mind with our Zero Liability Protection feature. In the unfortunate event of fraudulent transactions, rest assured knowing that you won’t be held liable if you report it to the bank in a timely manner, ensuring that your finances remain secure at all times.

Fees & Charges

Seamless Waiver Benefits:- Experience the freedom of a waived renewal fee by simply indulging in your everyday purchases. Spend Rs. 50,000 in the card anniversary year and enjoy the renewal fee exemption, ensuring that your membership remains hassle-free and rewarding.
Effortless Rewards Redemption:- Seize the opportunity to redeem your rewards with ease and convenience. With a nominal redemption fee of Rs. 99 plus taxes, unlock a world of possibilities as you exchange your accumulated Reward Points for a variety of exclusive offerings, ranging from merchandise to vouchers and more.
Global Convenience with Minimal Markup:- Embark on international adventures with confidence, knowing that your foreign currency transactions are managed seamlessly with just a 3.5% markup. Whether you’re exploring exotic destinations or shopping abroad, enjoy the convenience of global access without compromising on savings.
Flexible Interest Rates:- Enjoy the flexibility of interest rates tailored to your financial needs. With interest rates ranging from 0.75% to 3.5% per month, choose the plan that aligns with your lifestyle and spending habits, ensuring that you maintain control over your finances.
Savings at the Pump:- Hit the road with confidence and savings in tow. Enjoy a 1% fuel surcharge waiver, capped at a maximum of Rs. 100 per month, ensuring that every journey is marked by savings at the fuel station.
Convenient Cash Access:- Access cash effortlessly with a nominal transaction fee of just Rs. 199 per withdrawal. Enjoy the freedom to withdraw cash whenever and wherever you need it, ensuring that you’re never caught off guard.
Complimentary Add-on Card:- Share the luxury with your loved ones with a complimentary add-on card. Enjoy the convenience of extending the benefits of your IDFC Bank Rewards Plus Credit Card to your family members, without any additional fees.

Product Details

All-new DriveSmart Credit Card by IDFC Bank, a revolutionary card designed to elevate your everyday expenses while maximizing savings and rewards. With a plethora of benefits tailored to your lifestyle, this card is your ultimate companion on the road to financial freedom.
Experience unparalleled savings on fuel expenses with the DriveSmart Credit Card, offering up to 5% cashback, capped at a generous Rs. 5000 per month. Say goodbye to inflated fuel bills as you enjoy significant discounts every time you fill up your tank.
But that’s not all – the savings extend beyond the pump. Enjoy savings of up to 2.5% on utility bills and grocery purchases, with a maximum benefit of Rs. 4000 per month. Plus, recharge your IDFC FASTag with ease and enjoy savings of up to 2.5%, up to Rs. 2000 per month.
Every swipe earns you double reward points on other retail spends, ensuring your rewards stack up quickly. And as a token of appreciation, receive cashback of up to Rs. 250 on your first HPCL transaction of Rs. 250 or more, making your inaugural fuel stop even more rewarding.
Indulge your taste buds with exclusive discounts – enjoy Rs. 150 off on Swiggy orders above Rs. 500, making dining in a delight. Planning a trip? Enjoy 50% off on rental cars with leading providers Europcar and Eco Rent-A-Car, adding an extra layer of savings to your travel plans.
Safety and security are paramount – that’s why the DriveSmart Credit Card offers complimentary roadside assistance worth Rs. 1399, ensuring peace of mind on every journey. Plus, benefit from a personal accident insurance cover worth Rs. 2 lakhs, providing added protection wherever life takes you.
Spread the word and earn rewards – refer friends for the card and earn up to 10,000 bonus reward points, making it a win-win for you and your circle.

Pros/Cons

Pros:

Enjoy the perks of owning this card with a low joining fee of just Rs. 199, making it accessible to a wide range of consumers. The affordability factor ensures that you can start benefiting from the card’s features without a hefty initial investment.

Cons:

Unlike some premium cards, this card does not provide complimentary lounge access, which might be a downside for frequent travelers or individuals who value airport lounge privileges.
Additionally, there are no golf benefits associated with this card, which might disappoint avid golfers or those who enjoy such recreational perks.

Overall, while the card offers affordability and accessibility, it lacks some of the premium perks found in higher-tier credit cards.

IDFC HPCL FIRST Power Credit Card – Features and Benefits

IDFC HPCL FIRST Power Credit Card – a game-changer in the realm of co-branded cards, offering a multitude of benefits tailored to your lifestyle and spending habits.

Reward Points Accrual:

Drive smarter and save with up to 5% savings on fuel expenses, capped at Rs. 5000 per month. Additionally, earn 2.5% rewards on LPG and HPCL fuel, equating to 15 Rewards per Rs. 150 spent. Pay through the HP Pay App and save 1.5% as Payback Rewards, earning 6 Payback Rewards per Rs. 100 spent. Enjoy a 1% fuel surcharge waiver, further enhancing your savings. Earn 2.5% rewards on utility and grocery spends, with a maximum benefit of Rs. 4000 per month, accruing 15 Rewards per Rs. 150 spent. Recharge your IDFC FASTag and save 2.5% in rewards, up to Rs. 2000 per month. Earn 2x rewards on all other retail spends, maximizing your rewards potential.

Travel Benefits:

Travel with peace of mind, courtesy of complimentary roadside assistance worth Rs. 1399, available 4 times a year. Enjoy Rs. 500 off on ZoomCar rentals, making your travel experiences even more affordable. Unlock exclusive discounts with 50% off on international and domestic car rentals with Europcar and Eco Rent-A-Car, adding a touch of luxury to your journeys.

Rewards Points Redemption:

Redeem your accumulated reward points seamlessly for online and offline transactions at select merchants. Treat yourself with membership and gift vouchers from your favorite brands, or explore a variety of products available on IDFC Bank’s Reward Redemption Catalog portal.

Dining Benefits:

Indulge your palate and save with Rs. 150 off on Swiggy orders above Rs. 500, making dining in a delight.

EMI Benefits:

Convert your purchases and card balances into easy EMIs, with the added perk of 5% cashback, up to Rs. 1000, on your first EMI transaction.

Insurance Benefits:

Stay protected with personal accident cover worth Rs. 2 Lakhs and lost card liability cover worth Rs. 25,000.

Referral Benefits:

Refer friends for the card and earn up to a maximum of 10,000 Rewards. For every successful referral, receive 2000 Rewards, enriching your rewards balance.

Fees & Charges:

Avail the card at an introductory offer of Zero Joining Fee, with an annual fee of Rs. 199 plus taxes. Renewal fee waived off on spending Rs. 50,000 or above in the previous year. Enjoy competitive interest rates ranging from 0.75% to 3.5% per month. A forex markup fee of 3.5% applies, along with a cash withdrawal fee of Rs. 199 plus taxes. Benefit from a 1% fuel surcharge waiver, capped at Rs. 100 per card statement cycle.

How to Apply:

Applying for the IDFC HPCL FIRST Power Credit Card is simple – just click on the “Apply Now” button, fill in your details, and embark on a journey of savings and rewards.

IDFC HPCL FIRST Power Credit Card Review:

The IDFC HPCL FIRST Power credit card revolutionizes spending for mobility and fuel expenses, offering a comprehensive suite of benefits, including lifestyle perks and significant fuel savings. With the potential to save almost Rs. 7000 annually and earn up to 65 litres of fuel, coupled with rewards that never expire, this card is a must-have for savvy consumers seeking value and convenience.