IDFC First HPCL Power Fuel Credit Card
Last Updated : Dec. 1, 2023, 5:13 p.m.
IDFC Bank has launched the HPCL Power Fuel Credit Card in collaboration with HPCL “Hindustan Petroleum Corporation Limited” It is a brand new credit card that will assist you in saving money on fuel purchases. As a result, by using it, you can save up to INR 5,000 per month on fuel purchases. It also includes zero joining fees, welcome bonuses, never expiring rewards, low-interest rates, 0% interest on ATM withdrawals, exclusive rewards, cashback, and much more. It does, however, offer an INR 150 discount on food orders from Swiggy that exceed INR 500. You can also earn points by referring the credit card to your friends to it. Dive deeper into this article to understand all about the IDFC First HPCL Power Fuel Credit Card.
IDFC First HPCL Power Fuel Credit Card: Features and Benefits
IDFC Credit Cards have been used by a large number of people, and they have received positive feedback. As a result, the bank continues to introduce new cards into the market. Furthermore, this time, IDFC Bank has launched one of the best co-branded credit cards in partnership with HPCL. It is intended for people who travel in their cars. It also saves money on transportation, utilities, and other everyday purchases.
Here we have explained the benefits and features of using the IDFC First HPCL Power Fuel Credit Card.
Fuel Expenses
Following are the amount you can save on purchasing fuel:
- You can save up to 5% on your monthly fuel purchases up to INR 5000.
- Save up to 2.5% on HPDCL and LPG fuel.
- A 1% fuel surcharge is waived.
Rewards
The following are the rewards available through the HPCL Power Fuel Credit Card:
- Save up to INR 4000 on grocery and utility expenses.
- Enjoy 2.5% savings on IDFC First Tag Recharge.
- 2X rewards are awarded on all other retail purchases.
Fuel Cashback
Get INR 250 cashback on your 1st HPCL fuel transaction. It is, however, available within 30 days of the activation of the credit card. The fuel cashback is valid until March 31, 2024. Aside from that, it is only valid once per cardholder. Also, the offer is valid for 30 days after the credit card is activated. You can only use the offer on fuel purchases made at HPCL-authorized petrol stations.
Terms and Conditions
- To qualify for the offer, First Power fuel transactions must be INR 250 or higher.
- The cashback will be credited to your credit card account within 45 days of the credit card being activated.
- A card member is only eligible for one Joining Offer. Further, no matter how many cards are associated with the same card billing account.
- Primary cardholders are eligible for the joining fuel cashback offer.
- You will not receive the joining offer if you have replaced or reissued your credit card.
EMI Cashback
On the first EMI conversion, a 5% cashback is provided. It is valid if the transaction is completed within 30 days of the credit card’s activation. Furthermore, the EMI Cashback offer is only valid until September 30, 2023. However, it is only acceptable once per customer. Moreover, valid on EMI transactions with a tenure of 6 months or more.
Terms and Conditions
- You can’t get the offer on EMIs processed for 3 months.
- Cashback will be credited to your credit card account within 60 days after the offer’s end date.
- Within 60 days of the offer’s end date, cashback will be credited to your credit card account.
- Applicable on transactions of INR 2,500 or more.
- You will not get Reward Points for transactions converted to EMI.
- Transactions involving jewellery and fuel are ineligible for the EMI conversion.
- Processing Fee of 1% of the transaction value (minimum 99).
- GST will also be imposed on EMI conversion.
- For EMI cancellation, a 3% foreclosing fee will be charged.
Swiggy
Get an INR 150 discount when you order food from Swiggy for more than INR 500. To take advantage of the offer, enter the coupon code RUPAYIDFC. Furthermore, the offer is valid from April 5th to June 30th, 2023. It is also only valid once per cardholder. You cannot, however, use the Swiggy offer on the Swiggy instalment.
Steps to avail of the offer
- Go to the Swiggy app or website.
- Select the food items of your choice.
- Add those items to the cart.
- On the Apply Coupon section enter the code RUPAYIDFC
- Click on “Proceed to Pay” to make the payment
- Pay using HPCL Power Fuel Credit Card.
Terms and Conditions
- The swiggy offer is only valid for a single restaurant bill.
- Discount will be applied excluding taxes, delivery charges, restaurant charges, and packing charges.
- Your coupon will be reinstated if the restaurant cancels the order.
ZoomCar
Zoom Car rentals will be discounted by INR 500. In addition, to receive the offers, enter the coupon code ALIDFCFIRST. To take advantage of the offer, you must travel for at least two days. It is, however, only applicable to Zoom Car self-drive cars. Furthermore, the offer is only valid once per cardholder.
Step to Avail of the offer
- Visit the zoomcar.com website.
- Choose your country, city, starting point, date, time, and vehicle.
- Enter the promo code ALIDFCFIRST at the checkout page.
- Pay with your HPCL Power Fuel Credit Card.
ECO Rent-A-Car
You can save up to 50% on domestic and international car rentals. However, it is available through Eco Rent-A-Car and EuroCard. Further, get a 30% discount on chauffeur-driven car rentals. It is applicable only on the IDFC FIRST Bank Eco Rent-A-Car platform. Moreover, the validity of the program ranges from 10 April 2023 to 31 March 2024.
Steps to redeem the offer
- Click on ecorentacar.com.
- Select your start city pick point, date, time, and car
- Use the HPCL Power Fuel Credit Card to pay.
Terms and Conditions
- Get a 30% discount on all card categories across India.
- Take advantage of a 40% discount on the S-class category. It is, however, applicable in cities like Delhi NCR, Mumbai, and Bengaluru.
- Get 50% off Commuter Vans in Delhi NCR, Mumbai, and Bengaluru.
- Chrysler Limousine offers a 50% discount in Delhi NCR.
- During the offer period, you may take advantage of the offer as many times as you like.
HP Pay
When you use the HP Pay app, you will receive 1.5% back as a payback reward. Furthermore, the offer is valid until March 31, 2024. Besides that, the offer is valid when paying at HPCL petrol pumps with an HP Pay QR Code scan. You can make multiple offers during this period.
How to avail of the offer
- Install the HP Pay app.
- Scan the HP Pay QR Code at an HPCL Authorized Fuel Station.
- Enter the total amount you must pay.
- Select the credit card option under the payment gateway option.
- Enter your credit card information.
Insurance
To protect you from any mis happening the credit card offers exclusive insurance plans:
- Complimentary roadside assistance worth INR 1399.
- Personal Accident Cover of ₹2,00,000.
- Lost Card Liability Cover of ₹25,000.
Lifestyle Privileges
Power your lifestyles with the HPCL Power Fuel Credit Card features:
- EMIfy your purchases and balances.
- Take advantage of the ease of payment.
- You can purchase add-on cards for your loved ones.
- Increase your savings without incurring any additional fees.
Redeem Rewards
Earn up to 10,000 rewards by referring friends. You will also receive 2000 reward points for each credit card setup. In addition, your referral will receive 500 bonus points. You can also use your reward points to get Amazon Prime, Live Mint, Cultpass Live, Hindustan Times-Hindi, Hindustan Times-English, Wynk Music, OTT Play, and Airtels Xstream.
Other Features
Aside from the benefits listed above, you will also receive the following with the credit card:
- Never expiry rewards.
- Low and dynamic interest rates.
- ATM cash withdrawals are interest-free for 48 days after the card is activated.
Fee and Charges
It is one of the best credit cards with low annual fee . You can get the HPCL Power Fuel Credit Card for just INR 199.
Following is the fee and charges structured for the IDFC HPCL Power Fuel Credit Card:
| Particulars | Fee |
|---|---|
| Joining Fee | INR 199 The joining fee is NIL till 30th March 2023 |
| Annual Fee | INR 199 However, it is waived off if your annual spend is more than INR 50,000 in the previous year |
| Low-Interest Rates | APR of 0.75% to 3.5% per month (9% to 42% per annum) |
| ATM Cash Withdrawals | Only INR 199 will be charged per withdrawal after 48 days of credit card setup. |
| Overdue Interest | Monthly Rate - 3.99% Annual Rate - 47.88% |
| Late payment charges | - Nothing will be charged for amounts less than INR 100. - If the amount is INR 500, a fee of up to INR 100 is levied. - For the total amount due of INR 5000, a late payment fee of INR 750 is applied. - Pay INR 1200 if the mount is INR 8000. - Up to INR 1250 is charged for the amount of INR 10,000. - For Any amount greater than INR 10,000 you have to a late payment fee of INR 1250. |
| Over-limit Charges | 2.5% of the over-limit amount and a minimum of INR 500. |
| Rewards Redemption Fee | NIL |
| Outstation Cheque Processing Fee | NIL |
| Card Replacement Fee | INR 100 |
| Foreign Currency Mark-up | 3.5% |
| Fuel Surcharge Waiver | 1% |
| GST | 18% It may change as per the direction of the government. |
HPCL Power Fuel Credit Card: Eligibility Criteria
You need to meet the following credit card eligibility requirements:
- You must be at least 21 years old.
- According to the bank, those with Indian citizenship are eligible to apply for the HPCL Power Fuel Credit Card.
- Applicants who have a good credit card may apply for the card.
- The annual income should be at least INR 3 lakhs.
- You should not have any other IDFC Bank Credit Card.
How does the HPCL Power Fuel Credit Card work?
IDFC First HPCL Power Fuel Credit Card is one of the best credit cards to save on fuel purchases. It allows you to save a lot of money in a variety of ways.
The following is a savings summary to help you understand how credit cards work:
| Category | Annual Spends | Savings |
|---|---|---|
| Fuel and LPG Spends | INR 1500 | |
| Surcharge saving | INR 600 | |
| HP Pay Savings | INR 900 | |
| Welcome Benefit-1 (Fuel Cashback) | INR 60,000 A total of fuel, LPG, fuel surcharge, and welcome benefit-1 | INR 250 |
| IDFC FASTag Recharge | INR 6000 | INR 150 |
| Grocery & Utility | INR 24,000 | INR 600 |
| Other Spends | INR 18,000 | INR 60 |
| Joining fee waiver | INR 199 | |
| Annual Fee Waiver | INR 199 | |
| Welcome Benefit -2 (EMI Cashback) | INR 20,000 | INR 1000 |
| Complimentary Roadside Assistance | INR 1399 | |
| Merchant Discount - Swiggy | INR 150 | |
| Total | 1,28,000 | 7007 |
| Fuel worth (@ ₹105) | 66.7 Liters |
As a result if you spend INR 1,28,000 annually with the Power Fuel Credit Card, you can save up to INR 7007 per year.
IDFC HPCL Power Fuel Credit Card: Rewards Program
For almost all of us, the ability to travel in our vehicle is a must. However, a significant amount of money is spent on fueling the vehicle while traveling from one location to another. As a result, IDFC Bank has introduced one of the best fuel credit cards in India . The HPCL Power Fuel Credit Card includes a reward program that customers can use. It can help you save a lot of money in a variety of ways. In addition, 1X reward equals 1 reward per INR 150, and 1 reward equals INR 0.25.
Here is the breakdown of the reward program:
| 2.5% savings on Fuel and LPG transactions = 15X rewards | 2.5% savings on IDFC FASTag recharge = 15X rewards | 2.5% savings on Grocery & Utility = 15X rewards | 2X Rewards on other expenses |
|---|---|---|---|
| - It is only valid at HPCL-approved fuel stations and HP Pay wallet uploads. - Also, if you pay with a credit card via the QR code in the HP Pay app. | - When using the First Forward app to pay, you can access the reward program. - You can also use the IDFC FIRST Bank Mobile Banking app to make a payment. | The grocery and utility rewards are divided into two categories. Transaction data containing Merchant Category Codes | All other transactions, excluding fuel, utility, grocery, IDFC FastTag, EMI, cash withdrawal, and insurance, are eligible for up to 2X reward points. |
| The maximum reward is 500 points - INR 125 per month. | Maximum 200 rewards = INR 50 per month | A maximum of 400 rewards of INR 100 per month are available. | - |
| Get 1.5% back as payback points on all fuel purchases made with the HP Pay App by HPCL. | - | - | - |
IDFC HPCL Power Fuel Credit Card: Important Information
Below is some important information for you that you should keep in your mind:
- Transactions made through authorized HPCL fuel stations are eligible for rewards.
- The monthly savings on fuel and LPG are a maximum of INR 75.
- A 1% fuel surcharge waiver is a maximum of INR 100 per month.
- The waiver of fuel surcharges does not apply to HP Pay App wallet recharges. As a result, it will not be eligible for up to 5% savings.
- Scan the QR code on HPCL petrol pumps to use the HP Pay App to pay for fuel.
How do you use the IDFC First Bank Mobile App to track your credit card?
Here are some of the features of the IDFC First Bank Mobile App that will help you manage your credit card:
- It is a one-stop store for all of your credit card needs.
- You can manage your credit card for online, contactless, international, and other transactions.
- Create or reset your PIN.
- Easily view your virtual card.
- Here you can view your e-statement, outstanding balance, and other information.
- Pay your bills instantly with a variety of options.
- Examine curated offers from various merchant categories.
- View or use your reward points.
Conclusion
IDFC Bank offers some of the best IDFC Credit cards . As a result, here you can obtain a card for yourself based on your needs. However, the bank understands the benefits of using a credit card , which is why it continues to introduce new cards into the market. Therefore, the HPCL Power Fuel Credit Card assists daily travelers. You can save up to INR 7000 on fuel per year by using the card, which is enough to purchase approximately 65 ltrs of fuel. Furthermore, you will also get a variety of lifestyle rewards, insurance plans, and other amazing features. In contrast, it offers you welcome benefits worth INR 1499. As a result, those who frequently travel by their vehicle should give it a try.