By: OurMoneyGuide || Last updated on: May 30, 2024

The IDFC HPCL First Power Card is a co branded credit card between two leading organisations, Hindustan Petroleum Corporation Limited (HPCL) and IDFC First Bank. This fuel card provides attractive incentives on fuel expenditure. It also provides benefits on your shopping & UPI spends.

Brief Summary

Our Rating

4.0 / 5

Best for those who spend upto ₹5000 , on monthly fuel purchases. And are comfortable with being restricted only to HPCL fuel pumps. You get 5% benefit on your fuel purchases.

Comparatively low annual fee of ₹ 199, and fee from the 2nd year onwards is waived off at ₹50,000 annual card spend, which is also comparatively low – hence this card is a good entry level fuel card.

Pros & Cons of IDFC HPCL First Power Credit Card

Pros

  • Attractive benefit rate of 5% on monthly fuel purchases
  • Good benefit rate of 2.50% on grocery purchases & utility bills
  • 1st year annual fee ₹199 is compensated by joining benefits of ₹250
  • Annual spend target to get renewal fee waived off is not very high (₹50,000). Hence this card is virtually free if you spend ₹50,000 or more per year
  • The card also offers a range of additional benefits, such as complimentary road side assistance, insurance benefits, and deals on partner platforms like Zoom Car

Cons

  • The card is not attractive for individuals who incur fuel expenses much higher than ₹5000 per month
  • Cardholders are restricted to HPCL pumps , to avail attractive fuel benefits
  • The monthly spend restriction to achieve 2.50% benefit in the promotion category (grocery purchases & utility bill payments) is quite low

Features & Benefits of the IDFC HPCL First Power Credit Card

5% earning on HPCL fuel purchases (petrol, diesel & LPG)

✔︎ 3.50% reward on HPCL fuel purchases, on purchases upto ₹5000 per month 
– You earn 14 reward points worth ₹3.50 as cashback, on every ₹100 you spend at HPCL pumps. This benefit is valid only on HPCL fuel purchases upto ₹5000 per month (since you can earn a maximum of 700 reward points per month, at this accelerated rate).
– 1 reward point = ₹0.25 (25 paise), and can be redeemed on IDFC First’s rewards redemption platform for vouchers, products and more.

✔︎ 1.50% reward on HPCL fuel purchases through HP Pay App, on purchases upto ₹10,000 per month
– You earn 6 Happy Coins (worth ₹1.50), on every ₹100 you spend at HPCL outlets through HP Pay app (applicable on scanning QR in HP Pay app & using FIRST Power+ credit card at HPCL fuel station).
– This benefit is valid only on spends upto ₹10,000 per month (since you can earn a maximum of 600 Happy Coins per month, at this accelerated rate). Happy Coins are accumulated in your account on the HP Pay app.
– 1 Happy Coin = ₹0.25 (25 paise), and can be used to pay for HPCL fuel purchases through the HP Pay app.
Please not that HP Pay app wallet loads earn only 3 Happy Coins, 1 Happy Coin upon payment of HPCL fuel using the wallet, and an additional 2 Happy Coins after 45 days of fuel payment (you can earn a maximum of 6 Happy Coins on wallet loads).

Fuel includes petrol, diesel & LPG.

2.50% reward on grocery purchases & utility expenses, on purchases upto ₹2000 per month

You earn 10 reward points (worth ₹2.50), on every ₹100 you spend on grocery purchases & utility spends. 

This benefit is valid only on total purchases upto ₹2000 per month, since you can earn a maximum of 200 reward points per month, at this accelerated rate.

1 reward point = ₹0.25 (25 paise), and can be redeemed on IDFC First’s rewards redemption platform for vouchers, products and more.

2.50% reward on FASTag, on recharges upto ₹1000 per month

You earn 10 reward points worth ₹2.50, on every ₹100 you spend on FASTag recharges. 

This benefit is valid only on recharges upto ₹1000 per month, since you can earn a maximum of 100 reward points per month, at this accelerated rate. This benefit is valid only if FASTag recharges are done through FIRST forward and IDFC FIRST Mobile Banking app.

1 reward point = ₹0.25 (25 paise), and can be redeemed on IDFC First’s rewards redemption platform for vouchers, products and more.

0.33% reward on all other card spends

You earn 2 points (worth ₹0.50) on every ₹150 you spend on all other card purchases (meaning 1.33 reward points worth ₹0.33, on every ₹100 spent) = 0.33% benefit.

1 reward point = ₹0.25 (25 paise), and can be redeemed on IDFC First’s rewards redemption platform for vouchers, products and more.

Exceptions : No reward points are given on following card spends – HPCL fuel & LPG spends beyond monthly capping, non-HPCL fuel, insurance premium, EMI transactions & cash withdrawals. Reward points are also excluded on HPCL fuel, utility & grocery spends, and IDFC FIRST FASTag recharges beyond monthly capping specified above.

0.33% reward on UPI spends

You earn 2 points (worth ₹0.50) on every ₹150 you spend on UPI card spends (meaning 1.33 reward points worth ₹0.33, on every ₹100 spent) = 0.33% benefit.

1 reward point = ₹0.25 (25 paise), and can be redeemed on IDFC First’s rewards redemption platform for vouchers, products and more.

Exceptions : No reward points are given on following card spends – HPCL fuel & LPG spends beyond monthly capping, non-HPCL fuel, insurance premium, EMI transactions & cash withdrawals. Reward points are also excluded on HPCL fuel, utility & grocery spends, and IDFC FIRST FASTag recharges beyond monthly capping specified above.

Emergency complimentary roadside assistance (RSA) package worth ₹1399 

You get 24X7 assistance for flat tires & tire change, battery jump-start or alternate battery, fuel delivery, lost key replacement, minor repairs, vehicle towing (if required) – through Global Assure

You can avail this benefit up to 4 times a year. 

To know more details, please click here.

Complimentary insurance benefits

✔︎ ₹25000 insurance cover for lost card liability, counterfeit/skimming/phishing and online fraud protection – for transactions on your IDFC FIRST Bank Credit Card.
✔︎ ₹2 lakh personal accident cover – in the unfortunate event of an accidental death OR permanent disability due to a sudden, unforeseen and involuntary event caused by external, visible and violent means.
✔︎ Credit shield cover of ₹50,000 – for unpaid bills on the card, in the event of an accidental death of the cardholder. This protects and gives peace of mind to legal heirs/ next of kin.

Above insurance covers are applicable only for an active card i.e cardholder should have done atleast 1 purchase/ATM withdrawal transaction during the last 30 days, using their IDFC FIRST Bank Credit Card. 

For more details, please visit here.

Exclusive offers on IDFC First Credit Cards

IDFC First offers exclusive deals on shopping, travel, dining, health & wellness, entertainment and more. 

Please click here to see the latest offers – IDFC First Deals & Offers.

IDFC First customer care 

You get 24X7 assistance, please click here to see all available options.

IDFC HPCL First Power Credit Card Fees and Charges

Annual fee & annual fee offers


Annual feeAnnual fee offers
1st year joining fee₹199Welcome offers over ₹1000
– You earn ₹250 cashback , on your 1st fuel transaction of ₹250 or above at any HPCL fuel station – within 30 days of card issuance
– You also get ₹1000 discount on ZoomCar rentals.

Please click here for details.
Renewal fee from 2nd year onwards₹199Renewal fee offer : No annual fee is charged from the 2nd year onwards , if you spend ₹50,000 or more in the previous year.

Hence, the card is free if you spend ₹50,000 or more per year.

Late payment fee

Late payment fee is charged if you do not pay even the minimum amount due on your card bill, before the bill due date. You will be charged 15% of the total amount due , with a minimum charge of ₹100 and a maximum charge of ₹1250. A rate of 3.99% will also apply on your overdue balances.

Foreign currency markup fee

3.50% of the transaction amount. This fee is charged when you use your card outside India.

Finance charges

0.75% – 3.50% per month (9% – 42% per annum), depending on the profile of the cardholder. This fee is charged when you pay a bill amount between your minimum amount due and total amount due.

Interest-free ATM cash withdrawals for up to 48 days (only cash withdrawal fee of ₹199 per withdrawal will be charged)

Important note

– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all/updated fees & charges on this card, please click here – IDFC HPCL First Power Credit Card Fees & Charges


Eligibility Criteria

Some basic criteria is given below, there maybe additional requirements and criteria based on your profile, this is at the sole discretion of IDFC First Bank.

Minimum age21 years or above
Credit scoreHealthy credit score preferably over 750 , and your credit usage ratio must be within an acceptable level
Minimum income₹3 lakhs per annum

Application Process

Step-by-step guide

Online application process
The easiest way is to click here – APPLY NOW , you shall be taken to the card application page on the IDFC First Bank website. You can also visit official website of the bank and fill out the application form.

Steps –
1. Fill out basic details and enter OTP sent on your mobile number
2. Provide a few more details like PAN, current address, occupation, monthly income etc and submit
3. Verification and eligibility check by IDFC First Bank
4. Approval of the card
Offline (face to face)  application processYou can visit any of the nearest branches of the bank and talk to an executive regarding the process.
Tracking your credit card application statusYou can track your credit card status by clicking here – IDFC First Credit Card Status

Necessary documents and verification

Required documents
– PAN card
– Copy of Aadhaar card (with first 8 digits masked) or any valid government address proof
– Income documents : salary slip, income tax return etc., may be required depending upon the credit card eligibility & policy.
 In addition to these, you may be asked to provide additional documents.