IDFC HPCL FIRST Power Credit Card: The Best Guide to Features, Benefits, Pros & Cons

How beneficial are credit cards?

Credit cards are something that are very ubiquitous in everyone’s lives and not only do they make payments easier, they also come with a variety of bonuses, rewards and benefits making it one of the rare financial ‘good’ to own. Knock-knock And so, from amongst the never-ending list of credit cards we have the IDFC HPCL FIRST Power Credit Card which is a perfect pick for regular folks who love fuel and all the rewards that come along with it.

In this post, we’ll discuss solo what is an IDFC HPCL FIRST Power Credit Card, its features, benefits, eligibility, how to apply and so on. Whether you’re looking to apply for this card or just exploring its benefits, this guide will have you covered.

Summary of IDFC HPCL FIRST Power Credit Card

IDFC Bank has collaborated with HPCL (Hindustan Petroleum Corporation Limited) to launch IDFC HPCL FIRST Power Credit Card. This card was created for customers who have fueling needs on a regular basis and who want to be rewarded for it in a big way. The card is perfect for people that want a credit card that features value when it comes to everything you buy everyday with some gas perks, too.

With fuel benefits, the IDFC HPCL FIRST Power Credit Card also provides many more benefits that include cashback, lounge access, dining offers, and a lot more. With enviable rewards, low annual fees and a range of perks this card is designed for today's consumer.

Features and Benefits of IDFC HPCL FIRST Power Credit Card

Fuel Benefits

One of the major benefits of the IDFC HPCL FIRST Power Credit Card is its fuel-related offers. Since the card is co-branded with HPCL, the fuel rewards make it a good option for those who spend a lot on fuel every month. Here’s how the card rewards you for spending on gas:

• Fuel Rewards: You get 5% cash back when you use the card to buy fuel at all HPCL petrol pumps. This is so lovely to take advantage of, especially if you drive a lot and want to be able to earn cash back on gas.

• 1% cashback on other fuel outlets: If you’re buying fuel from any other petrol station other than HPCL, you get 1% cashback for all fuel spends there, which is quite good.

• Fuel Surcharge Waiver: On every fuel transaction done at any fuel station across India between ₹400 and ₹5,000, you can avail 1% fuel surcharge waiver using your card.

Reward Points on Other Categories

Besides fuel-related benefits, the IDFC HPCL FIRST Power Credit Card also brings you exciting rewards on other spends. You can earn the following:

• 2 Reward Points for every ₹150 spend on all other retail purchases such as shopping, dining out, and travel.

• 3 Reward Points for every ₹150 Online Transactions – E-commerce specialists can truly benefit from this card.

You can spend the reward points on electronics, vouchers or even avail cashback.

Welcome Benefits

New cardholders can also earn a variety of welcome offers, which sweeten the deal for the card from the start:

• Welcome Vouchers: For new users, you can get these voucher from HPCL and your first fuel transaction will become more rewarding.

• Bonus Rewards Points: You’ll receive bonus reward points when you make your first purchase within the first 60 days after receiving the card.

Additional Perks and Benefits

Apart from fuel-based benefits and introductory bonuses, here are some additional benefits of the IDFC HPCL FIRST Power Credit Card:

• Lounge Access: With the card, one gets free access to domestic airport lounges and it is a nice place to get some rest before you make your way on your trips. That’s a big plus for frequent fliers.

• Cashback on Utilities: Get cashback on your utility payments including electricity, water, and telephone bills. This is an added value for the consumer who likes to use their credit cards for everyday purchases.

• EMI Conversion – Convert your purchases into easy payments at low interest rate. This can be helpful for large purchases or for helping you to budget.

Fees and Charges

Affordability: The IDFC HPCL FIRST Power Credit Card is made for affordability, with fees which are nominal, and the low rate of interest on outstanding payments. Here are details on the fees and charges:

• Joining Fee: ₹500 + GST

• Renewal Fee: ₹500 + GST (Reversed on annual spends of ₹50,000 or more)

• Cash Advance Fee: 2.5% of the transaction amount subject to a minimum of ₹300

• Late Payment Charge: ₹100-₹1,100 (based on the amount due)

• Interest: 3.49% per month on balances outstanding (42% per annum)

The card comes with a lower fee structure than other elite credit cards, making it a budget-friendly option for people who are looking to earn fuel rewards and receive other perks without having to shell out high annual fees.

More About IDFC HPCL FIRST Power Credit Card

Insurance Coverage

The IDFC HPCL FIRST Power Credit Card is an insurance enabled credit card to offer extra security to the card members. The insurance features include:

• Credit Shield Insurance: Such a protection assists your family incase of unfortunate incident, like your death.

• Purchase Protection Insurance: This insures all of your eligible purchases against damage or theft, covering your investment.

Contactless Payments

This card is contactless enabled, which means that simply tap your card on a Point of Sale (POS) terminal to make a transaction. This is convenient but also provides a higher level of security.

24/7 Customer Support

IDFC Bank provides customers with around the clock support for card-holders, so you can call at any time for help with any queries you may have relating to your credit card. You can get support through their help centre, email-support or phone and chat as well, which is personal point of view is very easy to get help whenever you need.

IDFC HPCL FIRST Power Credit Card Eligibility Related Topics

Published: 14 July 2020

IDFC HPCL FIRST Power Credit Card Eligibility Requirements

Eligibility: To be eligible for IDFC HPCL FIRST Power Credit Card, you should fulfil the following criteria:

• Age: The applicant's age should be not less than 21 years and not more than 60 years.

• Income: A monthly income of no less than ₹25,000 is a prerequisite for salaried applicants. For self-employed, a gross annual income of at least ₹3 lakh is needed.

• Credit Score: You should have a credible credit score of at least 750 or above to receive higher odds of approval.

How to Apply for the IDFC HPCL FIRST Power Credit Card

You can apply for the IDFC HPCL FIRST Power Card in the following ways:

How to Apply for IDFC HPCL FIRST Power Credit Card

The process of registering for the IDFC HPCL FIRST Power Credit Card is very easy and you can get this credit card easily through offline and online modes.

• Online Application: Online application is the fastest way to get the credit card, you will need to visit the IDFC Bank official website and fill in the application form to apply for the card, then upload the documents required.

• Branch Visit: You can walk into your nearest IDFC Bank branch to apply for the home loan in person along with the required documents.

• Third-Party Portals: There are also some third-party sites that you can apply for the card online.

After you submit your application, IDFC Bank will review it and inform you of your approval status. If accepted your card will be sent to the address you provided.

Final Thoughts

The IDFC HPCL FIRST Power Credit Card is a great option for those who use a lot of fuel as it comes with interesting rewards and benefits which can go a long way to save some money on your fuel cost. The card also comes with a host of other lifestyle benefits such as lounge access, cashback on utility bills, EMI conversion possibilities, etc.

Due to its generous fuel-related rewards, modest fees, and value-added benefits (e.g. travel privileges and purchase protection), this windscreen buddy gives good bang for the buck. If you are a frequent fuel buyer and desire to get additional privileges the IDFC HPCL FIRST Power Credit Card might work for you.