IDFC Bank HPCL First Power Plus Credit Card
The IDFC Bank HPCL First Power Plus Credit Card is a special fuel card offered by IDFC First Bank in collaboration with HPCL. It helps users save up to ₹18,500 annually, which is equal to around 175+ liters of free fuel. You need to pay ₹499 to get the card, and you’ll receive a welcome gift valued at ₹1,650. Besides fuel savings, it provides benefits like free airport lounge access, up to 25% off on movie tickets, roadside assistance, and discounts on groceries, utility bills, and FASTag recharges.
This card is a great option for frequent fuel buyers as it offers a 6.5% return on fuel spending without high fees. It has a low-interest rate ranging from 0.75%–3.65% monthly (9%–43.8% yearly). Apart from fuel, users can also save on shopping, rental cars, and entertainment. With its balance of affordability and perks, this IDFC Bank HPCL First Power Plus Credit Card helps users reduce fuel costs while enjoying extra lifestyle benefits.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
How much can I save on fuel with this card?
You can save up to 6.5% on fuel at HPCL stations, with potential yearly savings of ₹18,500, enough to cover 175+ liters of fuel.
What travel benefits will I get?
Enjoy free domestic airport lounge access once every quarter if you spend at least ₹20,000 per month, along with roadside assistance worth ₹1,399 up to four times a year.
How much does this card cost?
The annual fee is ₹499 plus applicable taxes.
Can I make UPI transactions with this credit card?
Yes, you can link your card to UPI apps like GPay, Paytm, Freecharge, and Cred for seamless transactions.
How can I apply for FIRST Power+ Credit Card?
You can apply via the IDFC FIRST Bank Mobile App, the official website, or the HPCL website or just clicking on Apply button.
How do I calculate Fuel Points earned by my spending?
Earn 30X points per ₹150 on groceries and utilities, 24X points per ₹150 on HPCL fuel, LPG, and IDFC FASTag, and 3X points on other spending.
How can you use the FIRST Power+ Credit Card?
This credit card works like any other but offers extra savings on fuel, groceries, utilities, and everyday purchases.
Can I apply for this card if I already have an IDFC FIRST Bank Credit Card?
No, if you already own an IDFC FIRST Bank Credit Card, you are not eligible to apply.
How many types of fuel credit cards are available?
IDFC FIRST Bank gives you two choices: the FIRST Power+ Credit Card, which has more premium features, and the FIRST Power Credit Card, which is a simpler, basic version.
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