IDFC First Power Plus Credit card -

IDFC First Power Plus Credit card

(3.8)

The IDFC First Power Plus Credit Card is made specially for people who spend a lot on fuel, groceries, and daily needs. It offers attractive rewards when you fill fuel at HPCL petrol pumps and also gives cashback on groceries, utility bills, and Fastag recharges. With this card, you can enjoy extra savings and benefits like free lounge access, roadside help, movie discounts, and more.

This card is best for those who use HPCL fuel stations regularly and want to earn back some money on their daily expenses. It comes with a small joining fee and gives welcome offers in the first few months. While the reward system looks exciting, there are some limits and charges that you should know about. In this review, we will look at the pros and cons of this card to help you decide if it’s the right one for you.

About IDFC First Power Plus Credit Card

5% savings on HPCL fuel and LPG spends. Additional 1.5% savings as Payback Rewards when using the HP Pay app
Interest-free ATM Cash Withdrawals
Unlimited Never Expiring Rewards
Rs 500 cashback on 1st HPCL fuel transaction of Rs 500 or above*
Complimentary Roadside Assistance upto 4 instances per year, valued at Rs 1,399 annually
Personal Accident Cover of Rs 2,00,000 and Lost Card Liability Cover of Rs 25,000
Discount upto 50% on Domestic and International Rental Cars with Eco Rent A Car and Europcar

Fees & charges

Joining Fees: Rs 499 + GST
Annual Fees: Rs 499 + GST
Avail annual fee waiver on spends over Rs 150000

Pros

Great fuel savings – You can save up to 6.5% when you fill fuel at HPCL petrol pumps.
Extra rewards on daily expenses – You get 5% cashback on groceries, utility bills, and Fastag recharges.
Welcome offers – You get ₹500 cashback on your first fuel payment and 5% cashback on your first EMI.
Free lounge access – Get 1 free airport lounge visit every 3 months (if you spend ₹20,000 in the previous month).
Other benefits – Discounts on movie tickets, roadside help, and insurance cover.

Cons

No fuel surcharge waiver – You still have to pay extra charges when buying fuel, which reduces your total savings.
Redemption fee – You must pay ₹99 + GST when using your reward points.
Low reward value – Each reward point is worth only 25 paise, so you need to collect a lot to make it useful.
Limits on rewards – There are monthly caps (limits) on fuel, grocery, and Fastag rewards.
App and QR issues – Some users face problems using the HP Pay app for fuel payments.

Conclusion

The IDFC First Power Plus Credit Card is a good option for people who drive often and want to save money on fuel and groceries. It gives decent rewards, some helpful features, and exciting offers. However, it also has a few drawbacks like fuel surcharge and redemption fees.

If you mostly use HPCL fuel pumps and can spend regularly, this card gives good value. But if you want higher reward value or more flexible use, you may want to explore other credit cards. Overall, it’s a useful card for regular drivers who want steady savings on their everyday spending.

Eligibility Criteria

Employment Status: Salaried or Self-employed
Income: Rs. 25000 per month
Income: Rs. 500000 per year for Self- employed
Required Age: 21-60 years ( Salaried), 25-60 years ( Self employed)

Documents Needed

ID Proof
Address proof
Income proof
PAN Card/Form 60