IDFC HPCL FIRST Power Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

Save up to 5% on fuel expenses, with a maximum discount of Rs. 5000 per month. Save up to 2.5% on utility expenses and grocery purchases, with a maximum discount of Rs. 4000 per month. Save up to 2.5% on IDFC FASTag recharge, with a maximum discount of Rs. 2000 per month. Earn 2x reward points on all other retail purchases. Receive cashback up to Rs. 250 on your first HPCL transaction of at least Rs. 250 or more. Enjoy a discount of Rs. 150 on Swiggy orders over Rs. 500. Get a 50% discount on Rental Cars with Europcar and Eco Rent-A-Car. Receive complimentary roadside assistance valued at Rs. 1399. Receive personal accident insurance coverage of Rs. 2 Lakhs. Refer friends for the card and earn a maximum of 10,000 Rewards.

I recently reviewed the IDFC HPCL FIRST Power Credit Card, and I'm happy to share my findings.

This credit card has a joining fee of Rs. 199 + GST and a renewal fee of Rs. 199 + GST.

It is specifically designed for fuel expenses and offers reward points as its reward type.

One of the attractive features of this card is the exclusive discount of Rs. 150 on Swiggy orders of Rs. 500 or above, which is perfect for movie dining.

Additionally, cardholders can save up to 5% on their fuel spends, as well as earn 2.5% as rewards on utility and grocery expenses, and on IDFC FASTag recharge.

For all other retail spends, the card offers 2x rewards.

In terms of travel benefits, cardholders will enjoy complimentary roadside assistance worth Rs. 1399.

However, there are no domestic or international lounge access privileges, nor any golf benefits.

When it comes to insurance, this card provides personal accident cover worth Rs. 2 Lakhs and lost card liability cover worth Rs. 25,000.

The renewal fee for this card can be waived off if the cardholder spends Rs. 50,000 in the card anniversary year.

However, there is a rewards redemption fee of Rs. 99 plus taxes.

Regarding fees and charges, there is a foreign currency markup of 0.035, and the interest rate ranges from 0.75% to 3.5% per month.

The card also offers a fuel surcharge waiver capped at a maximum of Rs. 100 per month.

Cash advances attract a fee of Rs. 199 per withdrawal.

To summarize, the IDFC HPCL FIRST Power Credit Card is a great option for those who frequently spend on fuel.

It offers attractive rewards on various categories, albeit with some limitations in terms of travel and lounge benefits.

The insurance coverage provided is decent, and the renewal fee can be waived off with sufficient spend.

However, do keep in mind the fees and charges associated with the card.