IDFC FIRST Bank & HPCL Launch 'First Power Plus' RuPay Fuel Card
IDFC FIRST Bank & HPCL Launch 'First Power Plus' RuPay Fuel Card
Now Open for Applications with Launch Benefits
CardIntel Verified Intelligence • Direct Issuer Circular Analysis
Executive Overview
IDFC FIRST Bank has rolled out the HPCL First Power Plus Credit Card on the RuPay network. Features include up to 6.5% savings on fuel at HPCL pumps, ₹1,500 welcome voucher pack, 2 complimentary domestic lounge visits/year, and 24/7 roadside assistance (RSA) for an annual fee of ₹499 + GST.
New Product Specifications & Benefits Matrix
| Specification | Standard Proposition | Introductory / Launch Perk | Audited Threshold |
|---|---|---|---|
| Annual / Joining Fee | Tiered by card variant | Welcome vouchers offsetting joining fee | Waivable on spend |
| Reward Rate | Up to 3%–5% accelerated yield | Bonus introductory points on first spend | Standard MCCs |
| Network Rails | RuPay / Visa / Mastercard | Contactless + UPI QR compatibility | Domestic & Global |
Key Promotional Highlights & Slabs
Open for retail applications
Accelerated introductory perks
Portfolio & Value Impact
Expands IDFC's presence in co-branded fuel credit cards competing with BPCL SBI and IndianOil HDFC.
Recommended Cardholder Strategy
Fuel spenders spending over ₹5,000/month at HPCL outlets can utilize HP Pay app integration.
How to Avail / Execute This Update
- 1Check legal eligibility criteria (minimum income, CIBIL score >750, age 21–65).
- 2Apply through the bank official portal or mobile application using digital Video KYC.
- 3Activate the physical/virtual card within 30 days of issuance by setting PIN.
- 4Complete the first eligible transaction within 30 days to claim introductory welcome benefits.
Important Terms & Conditions
- •Subject to bank internal underwriting guidelines and credit verification.
- •Welcome vouchers delivered within 60 days of paying the primary joining fee.
- •Terms subject to change per official schedule of charges.
Applicable & Affected Credit Cards
View All Cards →Primary Official Reference: Catalogue Addition Notice. All market intelligence and tariff dispatches published on CardIntel are cross-referenced directly against official bank filings, schedules of charges, and regulatory circulars.
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View all credit cards, debit cards, official tariff schedules, and customer care escalation protocols for IDFC FIRST Bank.
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Evaluate Alternative Credit Cards Side-by-Side
Compare affected cards with India's leading alternative reward programs to calculate net annual value, forex markups, and lounge access thresholds based on your personal monthly spend.