IDFC First Power Credit Card
Product Details
Credit Card Name :
IDFC First Power Credit Card
Bank Name :
IDFC First Bank
Type :
Fuel Credit Card
Interest Rate :
0.75% - 3.5% Annual Interest Rate - 9% - 42%
Eligibility :
Age: 21 years & above.
Indian resident with permanent residential address.
Pros
Welcome Benefit: ₹250 Cashback on 1st fuel transaction of ₹250 or above at HPCL fuel station.
Rewards: Up to 5% savings on your fuel expenses, 2.5% savings as Rewards on Grocery & Utility expenses, 2.5% savings as Rewards on IDFC FIRST FASTag recharge, and 2X Rewards on other retail transactions.
Other Benefits: ₹150 Discount on order above ₹500 on Swiggy, ₹500 Discount on ZoomCar rentals, and Discount up to 50% on Domestic and International Rental Cars with Eco Rent A Car and Europcar.
Cons
Low effective cashback rate of 0.25%.
Not suitable for shopping and other big spends.
Pros & Cons
Welcome Benefits
Welcome Benefit: ₹250 Cashback on 1st fuel transaction of ₹250 or above at HPCL fuel station
Rewards System
Reward System: 1 Reward Point per INR 100 spent. 1 Reward Point = INR 0.25. Reward not available for Fuel, Insurance, EMI transactions & cash withdrawals. Effective Cashback Rate: 0.25%.
International Forex Markup
3.5%.
Welcome Benefits and Reward System
Special Features
15X reward points on fuel and LPG: Earn an impressive 15X reward points on fuel and LPG purchases at HPCL outlets.
Eligibility Criteria
Age: 21 years & above.
Indian resident with permanent residential address.
Benefits
Cashback Offers on fuel purchases
Swiggy and Zoomcar discounts
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
To apply for the IDFC First Power Credit Card, you can either apply online or visit a nearby IDFC First Bank branch. To apply online:
Go to the IDFC First Bank website and click on the "Apply for Credit Card" tab.
Select the "IDFC First Power Credit Card" from the list of credit cards.
Enter your basic information, such as your name, contact details, and date of birth.
Upload a copy of your PAN card and latest salary slip.
Click on the "Submit" button.
Contact Details
Toll Free No: 1860 258 2000
Whatsapp banking (for registered Nos): Numbers to connect: 95555 55555
•Email us at Banker@idfcfirstbank.com
Account Opening and Procedure
IDFC First Power Credit Card
IDFC First Power Card is a great card if you are looking to bring down your gas and fuel bills. It is also a feature rich card. The only flaw is its low general cashback rate (non-fuel).
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining Fee: INR 0
Annual Fee: INR 0
Late payment fee: charged depending on the customer’s Total amount due; ranges from Rs. 0 - 1250 .
Fuel Surcharge - 1%, waived upto INR 400 per statement cycle.
Cash withdrawal fee - INR 199.
Redemption fee: INR 99.
Monthly Interest Rate - 0.75% - 3.5% Annual Interest Rate - 9% - 42%
Forex Mark up - 1.5%
Fuel Surcharge
1%, however it is waived upto INR 100 per month.
Billing Cycle
30 Days.