IDFC Bank has launched two variants of fuel credit cards. Further, the HPCL Power Plus Fuel Credit Card is one of them. It is one of the best IDFC Bank Credit cards that would assist the needs of frequent travelers. Therefore, those who travel via their own vehicle can get the most out of it. You can save up to INR 18, 500 annually using the Power Plus Fuel Credit Card. In addition, it is equipped with benefits such as rewards on grocery-utility bills, cashback, discounts on ordering food from Swiggy, complimentary lounge access, insurance, and many more. Dive deeper into this article to understand all about “ IDFC First HPCL Power Plus Fuel Credit Card”.
IDFC First HPCL Power Plus Fuel Credit Card: Benefits and Features
HPCL Power Plus Fuel Credit Card is one of the best co-branded credit cards in India. IDFC Bank in a joint partnership with HPCL has launched the credit card into the market. The main aim to release the card was to provide relaxation on fuel purchases. Also, you can avail a host of benefits from other categories.
Here are the advantages of using the HPCL Power Plus Fuel Credit Card:
Fuel Expenses
Save a lot across fuel expenses:
- Save up to 6.5% on fuel expenses.
- On HPCL and LPG expenses save up to INR 10,000 every month.
- 1% fuel surcharge waiver.
Rewards
HPCL Power Plus Fuel Credit Card comprise various rewards program:
- Get 5% savings as a reward on grocery and utility expenses.
- Save up to INR 1000 on IDFC FIRST FASTag recharge every month.
- Enjoy 3X rewards on other retail transactions.
Fuel Cashback
You will receive INR 500 cashback on your first HPCL fuel transaction of INR 500 or more. However, it only applies to fuel transactions made at HPCL-approved fuel stations. Furthermore, the cashback is valid until March 31, 2024. It is only valid once per customer. Nevertheless, you can take advantage of the offer if you complete the transaction within 30 days of receiving your credit card.
Terms and Conditions
- The fuel cashback is applicable only if the transaction is done within 30 days of credit card setup.
- It is available only for the primary cardholder.
- The cashback will be credited within 45 days to the customer’s card account.
EMI Cashback
You will get 5% cashback up to INR 1000 on the transaction value of the first EMI conversion. It is accessible if the EMI transaction is done with a tenure of 6 months or above. Further, the validity of the offer is up to 30 September 2023. Also, it is applicable once per customer and if the transaction is done within 30 days of credit card setup.
Terms and Conditions
- The offer will be processed only for the EMIs processes for the 3 months.
- Cashback will be credited within 60 days after the offer end date.
- The offer is applicable on the transaction value of INR 2500 and above.
- EMI conversion is available in flexible tenures of 6 months, 9 months, 12 months, 18 months, 24 months, and 36 month.
- You cannot change the EMI tenure once you have chosen it.
- Reward points are not available for transactions converted to EMI.
- On EMI conversion, a processing fee of 1% and GST will be charged.
- When you cancel your EMI, you must pay a 3% foreclosure fee.
Swiggy
The HPCL Power Plus Fuel Credit Card offers INR 150 discount on Swiggy for ordering food above INR 500. To avail of the offer use the coupon code RUPAYIDFC at the time of payment. Further, the validity of the offer range from 5 April 2023 to 30 June 2023. Also, it is applicable once per customer. However, the offer is not valid on Swiggy Instamart.
Terms and Conditions
- Add the food to your shopping cart and enter the coupon code RUPAYIDFC.
- The offer is only valid for a single restaurant bill.
- Taxes, delivery charges, restaurant charges, and packing charges are not included in the coupon discount.
- If the restaurant cancels the order, the coupon will be redeemed.
Zoom Car Rental
Get flat INR 500 off on ZoomCar Rentals. The offer is valid till 31 March 2024. Further, to avail of the offer use code ALIDFCFIRST. However, the minimum trip duration should be of 2 days.
Terms and Conditions
- The ZoomCar Rental offer is valid once per customer.
- Discount is applicable to the cart booking value. Further, it should exclude taxes.
- Enter the coupon code on the checkout page.
ECO Rent-A-Car
Get up to 30% discount on chauffeur-driven car rentals. The validity of the offered range from 10 April 2023 to 31 March 2024. However, you can claim it only on the IDFC FIRST Bank Eco Rent-A-Car platform.
Terms and Conditions
- Get a 30% discount on all categories of cars in all cities across India.
- Save up to 40% on the S-class category in Delhi NCR, Mumbai, and Bengaluru.
- Commuter vans in Delhi NCR, Mumbai, and Bengaluru will be discounted by 50%.
- Only Chrysler Limousine in Delhi NCR will receive a 50% discount.
- During the offer period, the offer can be used multiple times.
HP Pay
Save up to 1.5% i.e. INR 75 every month on Fuel and LPG Transactions. Further, the offer is valid till 31 March 2024. Whereas, the payment should be done at the HPCL petrol station while scanning the HP Pay QR code. Moreover, remember to make the payment using HP Pay App using the credit card option.
Terms and Conditions
- The savings will be delivered to you in the form of payback reward points in the HP Pay app.
- The offer is only valid for transactions made from the Merchant’s ID list.
- You will not receive the reward if you made a transaction at an HPCL petrol station without using the HP Pay app.
- During the offer period, you may take advantage of the offer multiple times.
Domestic Lounge Access
Enjoy complimentary lounge access in India every quarter. However, it is accessible on a minimum monthly spend of INR 5000.
Complimentary Road Side Assistance
Get roadside assistance worth INR 1399 at no cost. However, to avail of the benefits give a missed call at 18005723860.
Movie Ticket
Avail up to 25% off on movie tickets i.e INR 100 once every month. It is one of the most amazing features for movie lovers. Further, to avail of the offer use the coupon code IDFCCCFM.
Insurance
HPCL Power Plus Fuel Credit Card provides INR 2 lakh personal accident cover and INR 25,000 for lost card liability.
Other Features
Other than the above-mentioned benefits you will also get these perks:
- Purchases and balances can be EMIfied.
- Take advantage of payment convenience.
- Extend the Add-on card to your co-passenger.
- You can increase your savings without incurring any additional fees.
Refer Your Friends
Refer this IDFC Credit Card with your friends and earn 10,000 Rewards. Further, 2000 rewards you will get for every credit card set-up. In addition, your referral will also get 2000 reward points worth INR 500. Following are the brands you can redeem your rewards for such as Amazon Prime, Live Mint, Cultpass Live, Hindustan Times-Hind, Hindustan Times-English, Wynk Music, OTT Play, and Airtel Xstream.
IDFC First HPCL Power Plus Fuel Credit Card: Fees and Charges
IDFC Bank offers a variety of credit cards to meet the needs of different people. As a result, the bank has launched a fuel card this time so that daily travelers can make the most of it. The HPCL Power Plus Fuel Credit Card has proven to be an excellent choice for frequent travelers. It is also one of the best credit cards for low annual income.
Here is the breakdown of its fee and charges structure:
| Particulars | Fee |
|---|---|
| Joining Fee | INR 499 However till 30 March 2023 there is no joining fee |
| Annual Fee | INR 499 Annual charges are waived if the total spending in the previous year is INR 1,50,000 |
| 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 | - For amounts less than INR 100, there will be no charge. - A fee of up to INR 100 is levied if the amount is INR 500. - A late payment fee of INR 750 is applied to the total amount due of INR 5000 Pay INR 1200 if the amount 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 |
IDFC First HPCL Power Plus Fuel Credit Card: Eligibility Criteria
The credit card eligibility to apply for the Power Plus Card is as follows:
- The applicant must be over the age of 21.
- Only Indian citizens can currently apply for the HPCL Power Plus Fuel Credit Card.
- Your credit score must be excellent.
- The annual income should be at least INR 3 lakh.
- You had no other IDFC Bank Credit Card.
How much can you save with the HPCL Power Plus Fuel Credit Card?
IDFC Bank has designed this IDFC Credit Card to help people save money in a variety of ways. You can save up to INR 18,500 annually using this credit card. Here’s a flow chart to help you understand it more broadly:
| Category | Annual Spends | Savings |
|---|---|---|
| Fuel and LPG | INR 4800 | |
| Surcharge saving | INR 1200 | |
| HP Pay Savings | INR 1800 | |
| Welcome Benefit-1 (Fuel Cashback) | INR 1,20,000 | INR 1800 |
| IDFC FASTag Recharge | INR 12000 | INR 600 |
| Grocery & Utility | INR 24000 | INR 1200 |
| Other Spends | INR 24000 | INR 120 |
| Joining fee waiver (Welcome Offer) | INR 1499 | |
| Annual Fee Waiver | INR 499 | |
| Welcome Benefit -2 (EMI Cashback) | INR 20000 | INR 1000 |
| Complimentary Roadside Assistance | INR 1399 | |
| Swiggy | INR 150 | |
| Movie Discount | INR 1200 | |
| Airport Lounge Access | INR 3600 | |
| Total | INR 2,00,000 | INR 18,567 |
| Fuel worth (@ ₹105) | 176.8 |
What can you do with reward points?
Following are the ways you can use the reward points:
- Pay instantly with your reward points.
- Redeem your earned reward points for gift cards.
- Membership plans for Amazon Prime, Live Mint, cultpass Live, Hindustan Times-Hindi, Hindustan Times-English, Wynk Music, OTT Play, and Airtel Xstream can be purchased.
Why should you get an HPCL Power Plus Fuel Credit Card?
As we all know, fuel prices are gradually rising. Despite the fact that the market is flooded with various credit cards that provide fuel benefits. Moreover, the HPCL Power Plus Fuel Credit Card, on the other hand, is one of the best fuel credit cards in India, with a plethora of perks. With this credit card, you can save up to INR 18,500, which is enough to buy more than 175 liters of fuel. Further, this is one of the best options for those who frequently travel by their own vehicle. You will also receive a fuel surcharge waiver, rewards, welcome benefits, swiggy offers, airport lounge access, and many other benefits. As a result, it is one of the best credit cards you should choose. It will not only provide you with fuel benefits but a host of privileges from other categories.
Conclusion
IDFC First HPCL Power Plus Fuel Credit Card has proven to help people get exclusive fuel benefits in every way. When you use a credit card, you can save a lot of money and earn cashback and rewards. However, before applying for the HPCL Power Plus Fuel Credit Card, keep in mind that you had no other IDFC Bank Credit Card. According to the bank’s policy, customers who already have an IDFC Bank Credit Card are not eligible to apply for the HPCL Power Plus Fuel Credit Card. Furthermore, to apply for the card, go to the IDFC Bank website, the mobile banking app, or the HPCL website online.
