IDFC FIRST Bank
Power+
The IDFC FIRST Power+ Credit Card is an upgraded co-branded fuel credit card offered by IDFC FIRST Bank in partnership with HPCL. Positioned as an entry-level card with a low joining and annual fee of Rs.
Direct link to the issuer's website. Terms apply — verify current offer with the bank.
Data last updated 7 June 2026.
At a Glance
Annual Fee
₹499
Joining Fee
₹499
Fee Waiver
Spend ₹1,50,000 annually
Lounge Access
See details
Forex Markup
3.5%
Effective Yield
0.5% – 8.83%
Our Take
CreditGully Rating
Based on CreditGully editors' analysis. Not influenced by card issuers.
The IDFC FIRST Power+ Credit Card is an upgraded co-branded fuel credit card offered by IDFC FIRST Bank in partnership with HPCL. Positioned as an entry-level card with a low joining and annual fee of Rs. 499, it stands out by providing an exceptional return of up to 6.5% on fuel purchases. While there are competitors in the market with higher returns, they generally charge steeper annual fees, making this card a highly competitive option within its budget-friendly segment.
Beyond its core fuel rewards, the card offers a well-rounded suite of benefits that address everyday household expenses. Cardholders earn accelerated rewards on grocery shopping, utility bill payments, and IDFC FIRST FASTag recharges. It also packs attractive lifestyle and travel perks, including complimentary domestic airport lounge access, monthly movie ticket discounts, roadside assistance, and comprehensive travel savings of up to 8.83% when bookings are made through the IDFC FIRST mobile app.
This card is best suited for daily commuters and loyal HPCL customers who are looking to drastically cut down on their fuel expenses without paying a premium annual card fee. It is also an excellent option for low-to-moderate spenders who want to earn solid value-back on routine household expenditures and enjoy occasional travel benefits like airport lounge visits.
What We Like
We highly appreciate that despite its primary focus on fuel savings, this card provides accelerated rewards on regular household expenditures like utility bills and groceries. Additionally, its exceptionally rewarding welcome perks easily offset the joining fee, and the annual fee waiver threshold of Rs. 1.5 lakh is highly attainable even for light spenders.
Pros
- ✓Earn up to 6.5% savings on your fuel transactions
- ✓Save up to 8.83% on your travel bookings
- ✓Enjoy up to 5% savings on groceries, utilities, and IDFC FIRST FASTag recharges
- ✓Receive a movie discount code every single month
Cons
- ✗Low reward redemption value of only Rs. 0.25 per point
- ✗Fuel savings are strictly restricted to HPCL branded fuel stations
- ✗No waiver offered on fuel surcharges
- ✗Lounge access is subject to meeting monthly spending requirements
Get This Card If
- ✓You are a loyal customer of HPCL fuel stations
- ✓You want a dedicated fuel card with a low annual fee
- ✓You travel frequently by vehicle and have substantial monthly fuel expenses
- ✓You are comfortable redeeming your earned reward points specifically for fuel purchases
Earning & Redemption
How You Earn
| Category | Reward rate | Yield % | Cap |
|---|---|---|---|
| HPCL Fuel & LPG | 30 Reward Points (RP) per ₹150 | 5.00% | 2,400 RP (₹12,000 spend) per cycle |
| Grocery & Utility Spends | 30 RP per ₹150 | 5.00% | 400 RP (₹2,000 spend) per cycle |
| IDFC FIRST FASTag | 30 RP per ₹150 | 5.00% | 200 RP (₹1,000 spend) per cycle |
| Other Retail & UPI | 3 RP per ₹150 | 0.50% | No Upper Cap |
| App-Based Travel (Bonus) | Up to 50X Rewards | 8.83% | Varies by Booking Type |
Milestone Rewards
| Spend | Benefit | Value | Summary |
|---|---|---|---|
| ₹0.0 Lakh | Welcome Voucher | ₹500 HPCL Voucher | Awarded on the first HPCL fuel transaction of ₹500+ within 30 days. |
| ₹1.5 Lakh | Fee Waiver | ₹499 + GST Savings | Annual fee waived on spending ₹1.5 Lakhs in the previous year. |
Redemption Value
| Channel | Value per point | Verdict |
|---|---|---|
| HP Pay App (Happy Coins) | ₹0.25 per point1:1 for Fuel | Best Value (No fees when converted to fuel credits via app) |
| Reward Portal (Vouchers) | ₹0.25 per point4:1 Ratio | Moderate (IDFC usually waives the ₹99 fee for this specific card) |
What You Need to Know
The 'Hidden' Surcharge
Unlike the base Power card, the Power+ often excludes the 1% surcharge waiver.
Impact: Net savings is 6.5% (5% RP + 1.5% HP Pay) but you may see a 1% charge on the bill.
Lounge Spend Trigger
Effective 2026, 1 domestic lounge visit requires ₹20,000 spend in the previous month.
Impact: If you don't use this as your primary card, you lose the lounge perk.
New 2026 Category Fees
1% fee on FASTag >₹10k/mo, Railway >₹25k/mo, and Utility >₹20k/mo.
Impact: Prevents using the card for commercial purposes; regular users are unaffected.
MID Sensitivity
Fuel rewards only trigger if the pump's machine is correctly coded as an HPCL Merchant.
Impact: Always use 'Pay by QR' in the HP Pay app to guarantee the accelerated rewards.
Essential Fine Print
Reward Exclusions
Excluded Categories: Cash withdrawals, EMI transactions, fuel (standard rewards), and wallet loads do not earn regular reward points.
Welcome Offer
Fuel Cashback
₹500 cashback on the first fuel transaction of ₹500 or more at HPCL outlets within 30 days of card issuance.
EMI Cashback
5% cashback (up to ₹1,000) on the first EMI transaction performed within 30 days of card issuance.
Gift voucher worth ₹500
₹500 worth gift voucher on 1st fuel transaction of ₹500 or above at HPCL fuel station.
Exciting merchant offers worth ₹1,000+
Lounge Access
Domestic Lounge Access
1 complimentary domestic airport lounge access per calendar quarter, subject to a minimum spend of ₹20,000 in the previous calendar month.
Milestone Benefits
Annual Fee Waiver
Renewal fee waived upon achieving annual spends of ₹1.5 Lakhs.
Additional Features
Roadside Assistance
Complimentary 24/7 Roadside Assistance worth ₹1,399.
Personal Accident Cover
Complimentary Personal Accident Insurance cover of ₹2 Lakhs.
Lost Card Liability
Zero lost card liability after reporting the loss to the bank.
25% off on movie tickets up to ₹100
Use Promo code IDFCCCFM to book movie tickets using an IDFC FIRST Power+ Credit Card and get a 25% instant discount up to ₹100
Fees & Charges
| Fee Type | Amount / Details |
|---|---|
| Joining Fee | ₹499 |
| Annual / Renewal Fee | ₹499 |
| Fee Waiver Threshold | Spend ₹1,50,000 annually |
| Forex Markup | 3.5% |
| Reward Redemption Fee | ₹99 per redemption |
| Fuel Surcharge Waiver | 1% surcharge |
Eligibility Criteria
Age
Primary cardholder must be between 21 and 65 years of age.
Employment
Salaried or self-employed individuals with a stable source of income.
Location
Resident of India with a current address in a serviceable city.
Ready to apply for Power+?
Annual fee: ₹499 · Waived on ₹1,50,000 spend
Frequently Asked Questions
Annual fee
₹499
0.5% – 8.83% yield