IDFC First Power Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
IDFC First Power Credit Card
Bank Name :
IDFC First Bank
Type :
Fuel Credit Card
Interest Rate :
0.75% - 3.5% Annual Interest Rate - 9% - 42%
Eligibility :
Age: 21 years & above.
Indian resident with permanent residential address.
Pros
Welcome Benefit: Users will get ₹250 cashback on 1st fuel transaction of ₹250 or above at HPCL fuel station.
Reward System: Users will get 5% cashback on fuel on paying through the HP Pay App. Max fuel cashback is capped at INR 5,000 per month. 2.5% cashback on grocery and utility bill payments. Max grocery and utility bill payments are capped at INR 4,000 per month. 2.5% cashback on fast tag recharge through the IDFC app. Cashback on Fasttag is capped at INR 2000 per month. 0.33% cashback on all other spends, no capping, payment can be made through UPI too for all other spends.
Other Benefits: ₹150 discount on orders above ₹500 on Swiggy, ₹500 discount on ZoomCar rentals, and discounts up to 50% on domestic and international rental cars with Eco Rent A Car and Europcar.
Cons
Low effective cashback rate of 0.25%.
Not suitable for shopping and other big spends.
Pros & Cons
Welcome Benefits
Users will get ₹250 cashback on 1st fuel transaction of ₹250 or above at HPCL fuel station.
Rewards System
Users will get 5% cashback on fuel on paying through the HP Pay App. Max fuel cashback is capped at INR 5,000 per month. 2.5% cashback on grocery and utility bill payments. Max grocery and utility bill payments are capped at INR 4,000 per month. 2.5% cashback on fast tag recharge through the IDFC app. Cashback on Fasttag is capped at INR 2000 per month. 0.33% cashback on all other spends, no capping, payment can be made through UPI too for all other spends.
International Forex Markup
3.5%.
Welcome Benefits and Reward System
Special Features
15X reward points on fuel and LPG: Earn an impressive 15X reward points on fuel and LPG purchases at HPCL outlets.
Eligibility Criteria
Age: 21 years & above.
Indian resident with permanent residential address.
Benefits
Cashback offers on fuel purchases.
Swiggy and Zoomcar discounts.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
To apply for the IDFC First Power Credit Card, you can either apply online or visit a nearby IDFC First Bank branch. To apply online:
Go to the IDFC First Bank website and click on the "Apply for Credit Card" tab.
Select the "IDFC First Power Credit Card" from the list of credit cards.
Enter your basic information, such as your name, contact details, and date of birth.
Upload a copy of your PAN card and latest salary slip.
Click on the "Submit" button.
Contact Details
Toll Free No: 1860 258 2000
Whatsapp banking (for registered Nos): Numbers to connect: 95555 55555
•Email us at Banker@idfcfirstbank.com
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: Users will get ₹250 cashback on 1st fuel transaction of ₹250 or above at HPCL fuel station.
Reward System: Users will get 5% cashback on fuel on paying through the HP Pay App. Max fuel cashback is capped at INR 5,000 per month. 2.5% cashback on grocery and utility bill payments. Max grocery and utility bill payments are capped at INR 4,000 per month. 2.5% cashback on fast tag recharge through the IDFC app. Cashback on Fasttag is capped at INR 2000 per month. 0.33% cashback on all other spends, no capping, payment can be made through UPI too for all other spends.
Other Benefits: ₹150 discount on orders above ₹500 on Swiggy, ₹500 discount on ZoomCar rentals, and discounts up to 50% on domestic and international rental cars with Eco Rent A Car and Europcar.
Low effective cashback rate of 0.25%.
Not suitable for shopping and other big spends.
IDFC First Power Card is a great card if you are looking to bring down your gas and fuel bills. It is also a feature rich card. The only flaw is its low general cashback rate (non-fuel).
IDFC First Power Credit Card
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining Fee: INR 0
Annual Fee: INR 0
Late payment fee: charged depending on the customer’s Total amount due; ranges from Rs. 0 - 1250 .
Fuel Surcharge - 1%, waived upto INR 400 per statement cycle.
Cash withdrawal fee - INR 199.
Redemption fee: INR 99.
Monthly Interest Rate - 0.75% - 3.5% Annual Interest Rate - 9% - 42%
Forex Mark up - 1.5%
Fuel Surcharge
1%, however it is waived upto INR 100 per month.
Billing Cycle
30 Days.