IDFC First Power Credit Card Review: A Deep Dive
Looking to save on fuel expenses? The IDFC FIRST Power Credit Card, in collaboration with HPCL, offers exceptional fuel benefits while also providing rewards on grocery, utility bills, and more.
Overview
IDFC FIRST Bank and HPCL’s collaboration has brought forth two fuel credit cards: the HPCL IDFC FIRST Power and Power Plus Credit Cards. These cards are targeted at HPCL loyalists, providing significant savings on fuel purchases. The Power Plus variant even allows you to save up to 6.5%, while the base Power card offers up to 5% in savings.
If you’re interested in other IDFC FIRST Bank credit cards, you can check out IDFC First Bank Credit Card for more options.
Key Features
The IDFC FIRST Power Credit Cards aren’t just about fuel savings; they also offer accelerated rewards on both grocery and utility spends, making them versatile for everyday use. Below is a comparison between the two card variants:
| Parameter | FIRST Power Credit Card | FIRST Power Plus Credit Card |
|---|---|---|
| Fuel Benefits | ★★★★ (4/5) | ★★★★ (4/5) |
| Rewards Benefits | ★★★★ (4/5) | ★★★★ (4/5) |
| Welcome Bonus | ★★★★½ (4.5/5) | ★★★★½ (4.5/5) |
| Additional Benefits | ★ (1/5) | ★★★ (3/5) |
| Overall Rating | ★★★ (3/5) | ★★★½ (3.5/5) |
Reward Benefits
These cards provide reward points on fuel spends, grocery, and utility bills:
| Category | FIRST Power Credit Card | FIRST Power Plus Credit Card |
|---|---|---|
| Fuel Spends | 21 points per Rs. 150 (up to 700 points) | 30 points per Rs. 150 (up to 2,400 points) |
| Grocery & Utility Spends | 15 points per Rs. 150 (up to 400 points) | 30 points per Rs. 150 (up to 400 points) |
| FASTag Recharge | 15 points per Rs. 150 (up to 200 points) | 30 points per Rs. 150 (up to 200 points) |
If you’re considering alternative cards with good fuel benefits, take a look at the BPCL SBI Card Review or the Axis IndianOil Credit Card Review.
Welcome Benefits
The cards come with substantial welcome benefits. Here’s what you get immediately upon joining:
- Rs. 250 cashback on first HPCL fuel transaction for Power card
- Rs. 500 cashback on first HPCL fuel transaction for Power Plus card
- Discounts on Zoomcar, EMI cashbacks, and savings on car rentals with Eco Rent A Car & Europcar
For a more detailed breakdown of other similar cards, check out the IndianOil Axis Bank Credit Card.
Additional Features
The IDFC FIRST Power Plus Credit Card offers additional perks such as airport lounge access, movie ticket discounts, roadside assistance, and insurance cover, making it a well-rounded card for lifestyle benefits.
You may also want to explore IndusInd Platinum Credit Card if you’re looking for a card with more comprehensive lifestyle rewards.
Fees and Charges
| Fee Type | Power | Power Plus |
|---|---|---|
| Joining/Annual Fee | Rs. 199 | Rs. 499 |
| Add-on Card Fee | Nil | Nil |
| Interest Rate | 0.75% to 3.65% per month | 0.75% to 3.65% per month |
| Late Payment Charges | Rs. 100 or 15% of total due | Rs. 100 or 15% of total due |
Should You Get This Card?
If you are an HPCL loyalist who spends significantly on fuel and wishes to save on fuel, grocery, and utility expenses, then the IDFC FIRST Power Credit Card is a strong choice. However, if you prefer direct cashback or more extensive lifestyle benefits, you might want to explore other options.
