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HPCL IDFC First Power Credit Card Review

The co-branded HPCL IDFC First Power credit card is a multi-reward card offering a financially beneficial experience to cardholders. It offers users the opportunity to get more than 65 litres of free fuel annually with up to ₹7,000 in savings, UPI transactions, low-interest rates, welcome benefits worth ₹1,400, up to ₹5,000 saving fuel expense every month, and 0% interest rates on cash withdrawals till the due date.

Additionally, you get ₹250 cashback on your 1st HPCL fuel transaction of ₹250 or more, ₹150 discount on Swiggy orders above ₹500, a discount of ₹500 on Zoomcar rentals, and a 50% discount on domestic and international rental cars with Eco Rent A Car and Europcar.

Unlike most co-branded credit cards, this one offers multiple exclusive rewards and benefits that are not specific to the services offered by the partner brand. In short, you can go for this card without hesitation if you are looking for a reward-filled cardholder experience.

However, if you want to be careful and evaluate the card before making the final call, the information in this review article should help you make that informed decision.

HPCL IDFC Bank Power credit card

HPCL IDFC First Power Credit Card Highlights

The below points are the highlights of the HPCL IDFC First Power Credit Card’s top perks.

Key Perks of HPCL IDFC First Power Credit Card
HPCL Fuel Expense Benefits5% Savings (up to ₹5,000 PM)
– 2.5% as Rewards on HPCL fuel and LPG
– 1.5% as Payback Rewards through the HP Pay App
– 1% fuel surcharge waiver
Grocery & Utility Expenses Rewards2.5% savings as Rewards
Referral Reward PointsUp to 10,000 (2,000 reward points for each card set-up)
Joining Fee₹199
Annual Fee Waiver (₹199)If you spend 50,000 INR in a year
Welcome BenefitsWorth ₹1,400
₹250 cashback on the 1st fuel transaction of ₹250 or more at a HPCL outlet
– 5% cashback of up to 1,000 INR on the transaction value of 1st EMI conversion.
– ₹150 discount on Swiggy food orders above ₹500 
– ₹500 discount on Zoomcar rentals
– 50%  discount on Domestic and International Rental Cars with Eco Rent A Car and Europcar
(Applicable if availed within 30 days of card activation)
UPI TransactionsScan any UPI-enabled QR code and pay using the FIRST Power credit card
Complimentary Roadside AssistanceWorth ₹1,399
Personal Accident Cover₹2,00,000
Lost Card Liability Cover₹25,000
Purchase Protection₹25,000
Interest-free Cash Withdrawals0% interest on ATM cash withdrawals for 48 days after activation

Fees and Charges

Fees and Charges Applicable on HPCL IDFC First Power Credit Card
Joining Fee₹199
Annual/ Renewal Fee₹199
Monthly Interest Rate0.75% – 3.5%
Annual Rate9% – 42%
Overdue InterestMonthly – 3.99%
Annual  – 47.88%
Cash Advance/Withdrawal₹199
Late Payment Charges15 % of Total Amount Due
Over-limit Charges2.5% of the Over-limit Amount
Cash Advance Charges2.5% of the amount or Rs. 500 (whichever is higher)
Card Replacement Fee₹100
Rewards Redemption FeeNil
Read more about rates and charges here.

Fuel Rewards

With the HPCL IDFC First Power credit card, you save 5% on HPCL fuel.

  • 2.5% as Rewards on HPCL fuel and LPG
  • 1.5% as Payback Rewards through the HP Pay App
  • 1% fuel surcharge waiver

Other Rewards Points

Additional rewards include a variety of benefits in multiple sectors.

  1. You save 2.5% savings as rewards on grocery and utility expenses.
  2. You get welcome benefits that include-
  • ₹250 cashback on the 1st fuel transaction of ₹250 or more
  • 5% cashback on the transaction value of 1st EMI conversion
  • ₹150 discount on Swiggy food orders above ₹500
  • ₹500 discount on Zoomcar rentals
  • 50%  discount on Domestic and International Rental Cars with Eco Rent A Car and Europcar
  1. You can get referral reward points up to 10,000 by turning your friends and family into new cardholders (2,000 Rewards for each card set-up).

Top 10 Benefits of HPCL IDFC First Power Credit Card

Similar to most fuel credit cards, the HPCL IDFC First Power credit card also comes with additional perks that make it a multi-purpose and rewarding product for cardholders.

HPCL Fuel Expense Benefits

You save up to 5% (up to ₹5,000 per month) on fuel transactions at HPCL outlets.

Low Joining Fee

The card has a considerably low joining fee of ₹199.

Annual Fee Waiver

You can get a waiver on the annual fee of ₹199 if you spend ₹50,000 or more within the year.

Welcome Benefits

You get welcome benefits worth ₹1,400 involving fuel expense cashback, online food order discounts, and car rental discounts.

UPI Transactions

You can use this card for UPI transactions through apps like BHIM, PhonePe, PayTm, Gpay, Freecharge, Slice, Cred, and Mobikwik.

Complimentary Roadside Assistance

The HPCL IDFC First Power credit card offers complimentary roadside assistance worth ₹1,399.

Personal Accident Cover

It offers cover of over ₹2,00,000 for accidental death or permanent disability.

Lost Card Liability Cover

It offers cover of over ₹25,000 for lost cards, counterfeit/skimming/phishing, and online fraud protection.

Purchase Protection

It offers a cover of ₹25,000 for Fire and Allied perils and Burglary in the residential premises of the cardholder.

Interest-free Cash Withdrawals

You get 48 days of 0% interest period after activation on all ATM cash withdrawals.

Is this the right card for you?

The HPCL IDFC First Power credit card goes beyond the usual norms of a fuel credit card, offering a host of rewards and benefits that make it ideal for all cardholders. The fuel rewards are only the tip of the benefits this card offers. With a low joining fee, low interest rates, interest-free cash withdrawals, multiple welcome benefits, and UPI transactions, this card is a highly rewarding credit card for all your spending requirements.

Go for it!

However, you might also want to take a look at the IDFC First HPCL Power plus credit card that offers better savings and rewards though on a slightly higher charges than this one.

How to Apply Online?

The highly recommended way to apply for the HPCL IDFC First Power credit card is online through the official website. It’s easier, faster, and increases the chances of approval.

You can apply online through IDFC First Bank’s official website- https://www.idfcfirstbank.com/credit-card.

Here are the few things to keep in mind while applying.

Eligibility criteria

  1. Must be an Indian citizen.
  2. Must be at least 21 years old.
  3. Must have a good credit score.
  4. Must have an acceptable credit usage ratio.
  5. Must have an annual income of ₹3 lacs or more.

Required documents for the online application:

  1. PAN Card
  2. Income Proof – Latest 3 months’ bank statement or Payslips
  3. Address Proof – Aadhar card, Passport, Voter ID, Electricity Bill, or Rent Agreement
  4. Passport-size Photograph

Final Verdict

In conclusion, the HPCL IDFC First Power credit card is a multi-reward card suitable for all types of cardholders. While the co-branding of the card may focus on fuel-expense rewards and benefits, you can avail several others that could improve your financial stability as a credit card user.

It has fuel benefits, a low joining fee, a low annual fee & waiver, UPI transactions, numerous welcome benefits, complimentary roadside assistance, and more as you have learned in this article.

Generally, an expert advice would be to tell you to compare the card with others and then determine the most suitable for you. But with this one, you have more and more to gain with almost nothing to lose. It is a no-brainer. So, go for it!

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