The verdict
One of the most economical and high-return fuel cards in India. A low ₹199 annual fee paired with 5% HPCL fuel return, 2.5% on groceries/utilities/FASTag, and never-expiring reward points makes it a top-tier mobility companion for daily vehicle owners.
The maths for it
Spending ₹5,000/month on HPCL fuel saves ₹250/month (₹3,000/year at 5% value). Spending ₹3,000/month on groceries/utilities and ₹1,000 on FASTag earns ₹100/month (₹1,200/year). Adding ₹250 welcome fuel benefit and ₹1,399 roadside assistance delivers over ₹5,849 in net annual vehicle savings against a nominal ₹199 fee (which is waived on ₹50k spend).
The maths against
Commuters who primarily refuel at IndianOil or Bharat Petroleum (BPCL) pumps will achieve higher returns on dedicated cards like IndianOil Axis or BPCL SBI Octane.
✓What works
- +Up to 5.0% savings on HPCL fuel purchases (4% reward points + 1% fuel surcharge waiver via HP Pay app).
- +2.5% rewards on grocery supermarkets, utility bill payments, and IDFC FIRST FASTag toll recharges.
- +2X reward points on all RuPay UPI transactions and regular retail spends.
- +Reward points never expire and have zero redemption fees at 1 pt = ₹0.25 value.
- +₹250 welcome gift voucher on your first HPCL fuel transaction of ₹250 or above within 60 days.
- +Complimentary 24/7 Roadside Assistance (RSA) worth ₹1,399 up to 4 times a year.
- +100% annual renewal fee waiver upon spending ₹50,000 in a card anniversary year.
- +Dynamic APR starting from 8.5% per annum (0.71% per month).
✕What doesn't
- −Nominal ₹199 + GST joining and annual renewal fee.
- −Maximum 5% fuel reward rate requires transaction via HP Pay app at HPCL pumps.
- −Fuel rewards capped at ₹400 in savings per statement cycle.
- −No airport or railway lounge access included.
What it earns
1 Reward Point = ₹0.25. Points never expire and carry zero redemption fees.
| Category | Rate | Monthly Cap | Per ₹1L spent |
|---|---|---|---|
| HPCL Fuel Purchases via HP Pay (Up to 5%) | 4.0% (16 Points / ₹100) | ₹10,000 spend / month | 16,000 Points (₹4,000 value) |
| Grocery Supermarkets & Utility Bills (2.5%) | 2.5% (10 Points / ₹100) | ₹5,000 spend / month | 10,000 Points (₹2,500 value) |
| IDFC FIRST FASTag Recharges (2.5%) | 2.5% (10 Points / ₹100) | ₹1,000 spend / month | 10,000 Points (₹2,500 value) |
| UPI & Other Retail Spends (2X) | 0.50% (2 Points / ₹100) | Uncapped | 2,000 Points (₹500 value) |
| Non-HPCL Fuel Purchases | 0% | Excluded | 0 Points |
Accelerated earn
5% HPCL Fuel + 2.5% Grocery & Utilities
Earn 4% rewards + 1% surcharge waiver on fuel and 2.5% on household bills.
| Category / Channel | Multiplier Rate | Monthly Cap | Cap / Condition |
|---|---|---|---|
| HPCL Fuel Purchases4% reward points + 1% surcharge waiver when paying via HP Pay app. | 16× · 4.0% Rewards | ₹10,000 monthly spend | — |
| Grocery, Utilities & FASTag2.5% cash rewards on grocery supermarkets, utility bills, and FASTag. | 10× · 2.5% | ₹5,000 monthly spend | — |
Redemption options
Redeem accumulated points on IDFC FIRST mobile app for fuel vouchers, FASTag recharge, brand gift cards, or merchant credit at 1 Point = ₹0.25.
| Redemption Channel | Value Per Point | Minimum | Ceiling / Limits | Fee |
|---|---|---|---|---|
| HPCL Fuel & FASTag RechargeBEST VALUE | ₹0.25 / Reward Point | 1 pt | None | Nil |
| Brand Gift Cards & VouchersBEST VALUE | ₹0.25 / Reward Point | 500 pts | None | Nil |
| Statement Cash CreditBEST VALUE | ₹0.25 / Reward Point | 1,000 pts | None | Nil |
Reward Scope: Inclusions & Exclusions
✓Eligible Spends (Inclusions)
- +HPCL fuel stations, petrol, diesel, and auto-LPG purchases.
- +Supermarkets, hypermarkets, electricity, water, and gas utility bills.
- +FASTag toll recharges and RuPay UPI merchant QR payments.
✕Excluded Spends & Fee Traps
- −Non-HPCL fuel outlets (eligible for base rate or excluded from 5% rate).
- −Cash advance withdrawals and digital wallet loads.
Fee Schedule & Waiver Criteria
| Fee Component | Amount / Rate |
|---|---|
| Joining Fee | ₹199 + GST (Includes ₹250 HPCL Fuel Voucher) |
| Annual Renewal Fee | ₹199 + GST (Waived on ₹50,000 annual spend) |
| Finance Charges (Interest Rate) | Dynamic 0.71% to 3.85% per month (8.5% to 46.2% per annum) |
| Foreign Currency Markup | 0% Forex Markup on all international transactions |
| Fuel Surcharge Waiver | 1% waiver on ₹200 to ₹5,000 transactions at HPCL (Max ₹100/month) |
Eligibility & Approval Criteria
| Criteria | Requirement |
|---|---|
| Age Requirement | Salaried (21 to 65 years), Self-Employed (25 to 65 years) |
| Minimum Annual Income | ₹3,00,000+ per annum (Salaried or Self-Employed) |
| Credit Score (CIBIL) | 710+ recommended for smooth approval |
Frequently Asked Questions
Does IDFC FIRST Power Credit Card offer airport lounge access?
No lounge access
What are the MITC charges, annual fees, and interest rates for IDFC FIRST Power Credit Card?
The annual renewal fee is ₹199 + GST (Waived on ₹50,000 annual spend). Fee waiver condition: Waived on annual retail spends exceeding ₹50,000 in previous anniversary year. Revolving balance finance charges: Dynamic 0.71% to 3.85% per month (8.5% to 46.2% per annum). Foreign currency markup: 0% Forex Markup on all international transactions. Check the current issuer MITC for other or missing charges.
What is the reward rate and point redemption value on IDFC FIRST Power Credit Card?
Published earn rate: Up to 5% Savings on HPCL Fuel (4% rewards + 1% surcharge waiver) · 2.5% on Grocery, Utilities & FASTag · 2X UPI. Listed HPCL Fuel & FASTag Recharge value: ₹0.25 / Reward Point.
Which transactions are excluded from earning rewards on IDFC FIRST Power Credit Card?
Listed exclusions: Non-HPCL fuel outlets (eligible for base rate or excluded from 5% rate)., Cash advance withdrawals and digital wallet loads.. Listed fuel surcharge waiver: 1% waiver on ₹200 to ₹5,000 transactions at HPCL (Max ₹100/month).
Who is IDFC FIRST Power Credit Card best suited for in 2026?
The card details describe it as suited to Daily vehicle commuters, HPCL fuel fills, grocery supermarkets, utility bills, and FASTag toll payments. Compare its terms with your spending and annual fee.
Editorial Deep-Dive Analysis
Comprehensive Overview: IDFC FIRST Power Credit Card
The IDFC FIRST Power Credit Card is a co-branded fuel and mobility credit card issued by IDFC FIRST Bank in partnership with Hindustan Petroleum Corporation Limited (HPCL), available on RuPay and Visa platforms. Geared toward daily commuters and vehicle owners, the card features an economical annual fee of ₹199 + GST with an annual spend-linked waiver. Its core proposition centers on fuel savings at HPCL outlets, domestic utility and grocery cash rewards, UPI integration on the RuPay network, and 0% foreign exchange markup on international transactions.
Key Privileges and Practical Everyday Benefits
- HPCL Fuel Savings Architecture:
- Cardholders earn up to 5% savings on HPCL fuel purchases executed via the HP Pay app (comprising 4% as reward points and a 1% fuel surcharge waiver up to ₹100 per statement cycle).
- Routine fuel purchases directly through POS terminals earn standard rewards without the HP Pay application accelerator.
- Household Utility, Grocery, and FASTag Returns:
- Groceries and Utilities: Earns 2.5% return (10 reward points per ₹100 spent) on supermarket purchases and residential utility bill payments (capped at ₹5,000 monthly spend).
- FASTag Recharges: Earns 2.5% reward points on IDFC FIRST FASTag top-ups (capped at ₹1,000 monthly spend).
- RuPay UPI and Retail Accrual:
- Transactions made via RuPay UPI linkage earn 2X reward points (0.50% effective value), providing modest rewards on micro-merchant payments.
- Reward points do not expire and can be redeemed for HPCL fuel vouchers, bill payments, or statement credits at ₹0.25 per point without redemption fees.
- Welcome Privileges and Mobility Cover:
- Includes a ₹250 HPCL fuel voucher on the first HPCL fuel transaction of ₹250 or more completed within 60 days of card setup.
- Provides complimentary 24/7 Roadside Assistance (RSA) up to 4 times per year (valued at ₹1,399).
- Personal accident insurance coverage of ₹2,00,000 and lost card liability protection up to ₹25,000.
- Zero Foreign Exchange Markup:
- Cardholders enjoy 0% forex markup on international retail transactions, an uncommon feature for an entry-level fuel card.
Important Terms and Spend Conditions to Keep in Mind
Prospective cardholders should evaluate specific program limitations:
- HP Pay App Dependency: Achieving the maximum 5% fuel savings requires paying via the HP Pay mobile application at authorized HPCL retail outlets rather than swiping the physical card on generic POS terminals.
- Monthly Savings Caps: Fuel reward points are capped at ₹400 in value per statement cycle, while utility and grocery rewards are capped at ₹5,000 in monthly eligible spending.
- Brand Exclusivity: Fuel benefits and surcharge waivers apply specifically to HPCL petrol stations; transactions at IOCL, BPCL, or private retail pumps do not qualify for accelerated earnings.
- No Airport Lounge Access: The card does not include complimentary domestic or international airport or railway lounge access.
- Revolving Credit Rates: Carrying an unpaid balance incurs variable APR ranging from 8.5% to 46.2% per annum depending on individual credit metrics.
Who Benefits Most
- Daily Motorists & Commuters: Vehicle owners who refuel predominantly at HPCL outlets and spend between ₹3,000 and ₹8,000 monthly on fuel.
- Budget-Conscious Households: Families seeking to combine vehicle fuel savings with utility bill payments and grocery cashback under a single low-fee instrument.
- RuPay UPI Transactors: Users who want to link a credit card to UPI apps for daily payments while accumulating non-expiring rewards.
- Value-Oriented Spenders: Cardholders who can easily meet the ₹50,000 annual spend threshold to eliminate the card’s nominal ₹199 renewal fee.
Independent Editorial & Statutory Disclaimers
Institutional Transparency & Nominative Fair Use Statement
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