IDFC FIRST Power Credit Card Review 2026: Rewards, Fees & Benefits

The IDFC FIRST Power Credit Card is a fairly simple fuel card meant mainly for people who regularly fill up at HPCL pumps. Apart from fuel spends, it also gives better rewards on categories like groceries and utility payments, so it is not completely limited to petrol or diesel spends. What works in its favour is the low annual fee and a reward structure that is easy to understand. You do not need to spend a huge amount just to recover the fee, which makes it suitable for regular users.

That said, this card makes the most sense only if HPCL is your preferred fuel brand. If you already use HPCL regularly, the IDFC FIRST Power Credit Card can be a decent option. Otherwise, there are better fuel cards to consider. Let us look at the rewards, fees and other benefits in detail.

IDFC FIRST Power Credit Card at a Glance

IIDFC FIRST Power Credit Card Fees & Welcome Benefits

The ₹50,000 annual fee waiver requirement works out to around ₹4,200 per month, so getting the annual fee waived should not be difficult if you use the card regularly. However the annual fee is only ₹199 + GST, so there is no point in making unnecessary spends just to reach the waiver milestone.

As a welcome benefit, you get a ₹250 voucher when you make your first eligible HPCL fuel transaction of ₹250 or more within 60 days of card setup. Since the joining fee is ₹199 + GST, the welcome benefit more or less takes care of the cost of getting the card in the first year.

IDFC FIRST Power Credit Card Rewards

Reward Point Value: 1 Reward Point = ₹0.25

The best return is on HPCL fuel spends. You earn 21 Reward Points for every ₹150 spent, which works out to a 3.5% return. The accelerated rate is available on spends of up to ₹5,000 per statement cycle. You can also get another 1.5% value in HP Pay Happy Coins when you pay through the HP Pay app. This takes the overall value on eligible HPCL fuel spends to up to 5%.

Groceries and utility bills earn 15 Reward Points per ₹150, giving you a 2.5% return. The accelerated rate is capped at ₹4,000 per statement cycle. FASTag recharges made through the IDFC FIRST Bank app also earn 2.5%, on spends of up to ₹2,000 per statement cycle. For other retail and eligible UPI spends, the return drops to around 0.33%. So this is not a card we would use for general spending.

Overall, the card works best when you use it mainly for HPCL fuel, groceries, utilities and FASTag. Outside these categories, the reward rate is quite low.

Travel & Shop Rewards

The FIRST Power earns bonus Reward Points on eligible hotel and flight bookings through the Travel & Shop section of the IDFC FIRST Bank Mobile App.

For hotel bookings, the card gives 26.7 bonus Reward Points per ₹100 spent. Including the base earn, the total can go up to 28 RP per ₹100, which is worth around 7% at ₹0.25 per Reward Point.

For flights, the total earn can go up to 14.7 RP per ₹100, giving an effective return of around 3.68%.

Bonus Reward Points are capped at 8000 RP per calendar month per account. Bookings made using Cash + Points do not earn the Travel & Shop bonus Reward Points. The accelerated travel rewards are available only on full-swipe transactions.

IDFC First Bank HPCL Power Credit Card Rewards Redemption

Each IDFC FIRST Reward Point is worth ₹0.25. Reward Points can be used for online purchases and through the FIRST Rewards Gallery for options such as gift vouchers, merchandise and travel bookings.

For Travel & Shop bookings, Reward Points can be used to pay up to 70% of the total booking value, including taxes. The remaining amount has to be paid using the IDFC FIRST Power Credit Card.

A ₹99 + GST redemption fee applies per redemption, so it is better to avoid redeeming points in very small amounts.

Forex Markup

The IDFC FIRST Power Credit Card has 0% forex markup on international spends, while you continue to earn Reward Points.

Other Key Benefits & Charges

• The card offers complimentary Roadside Assistance up to 4 times a year.
• To use the benefit, the card must be active and you need at least one purchase or ATM withdrawal in the previous 30 days.

The complimentary RSA is one of the unique privileges for a card of this segment. It covers many of the RSA services that we get as a paid cover from the vehicle showroom.

Pros & Cons

Pros

• Good rewards if you regularly fill fuel at HPCL
• 2.5% back on groceries, utilities and FASTag
• 0% forex markup
• Low annual fee of ₹199 + GST
• Easy ₹50,000 annual fee waiver target
• Roadside Assistance included

Cons

• Fuel benefits are useful only for HPCL users
• Low caps on grocery, utility and FASTag rewards
• Just 0.33% back on regular and UPI spends
• No fuel surcharge waiver
• Not a great card for general spending

Should You Get the IDFC FIRST Power Credit Card?

The IDFC FIRST Power Credit Card is a good low-cost option if you regularly use HPCL and can make use of the grocery, utility and FASTag reward categories. The main positive is that the annual fee is very low, so you do not need huge spends to justify keeping the card. The 0% forex markup and Roadside Assistance also add some value beyond fuel.

At the same time, this is not a strong card for everyday spending. Regular and UPI spends earn only 0.33%, and most of the better reward categories come with low caps.

So, if HPCL is your preferred fuel brand, the card can make sense. If you want one card for most of your spending, there are better options.

Frequently Asked Questions