IDFC FIRST Bank
Power+
The IDFC FIRST Power+ is a high-yield fuel card offering up to 6.5% savings at HPCL (4% as rewards, 1.
Direct link to the issuer's website. Terms apply — verify current offer with the bank.
Data last updated 1 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
The IDFC FIRST Power+ is a high-yield fuel card offering up to 6.5% savings at HPCL (4% as rewards, 1.5% via HP Pay, and 1% surcharge waiver). While its ₹499 fee is low, the 2026 update added a ₹20,000 monthly spend requirement to unlock lounge access, shifting it from a "perk-heavy" card to a "performance-based" utility tool.In 2026, the Power+ solidified its role as a household workhorse by offering 5% rewards on groceries, utilities, and IDFC FASTag recharges, though these are capped at a combined ₹2,000 of monthly spend. An unbiased review must highlight the April 2026 lounge rule: your access for the current month is now strictly contingent on spending ₹20,000 in the previous calendar month. While the 1.5% rewards on UPI (via RuPay) and free Roadside Assistance (4 times/year) provide exceptional value for a ₹499 card, the low ₹0.25 reward value and the manual "multi-step" HP Pay redemption process remain minor friction points for casual users.
Pros
- Unified 5% Utility & Grocery Savings: Earns 30 Reward Points per ₹150 (5% value-back) on both Utilities and Groceries. Since this is a RuPay card, you can earn these accelerated rewards on small-shop UPI payments, making it a powerful tool for local kirana and bill payments.
- Dual-Layered 6.5% Fuel Return: Offers a combined 6.5% savings at HPCL outlets—5% via reward points (30 RP/₹150) and an additional 1.5% as 'Happy Coins' through the HP Pay app. This is currently one of the highest net returns for an entry-level fuel card in India.
- Zero-Interest Emergency Cash: Maintains IDFC’s signature feature of interest-free cash withdrawals from ATMs for up to 48 days (only a flat ₹199 fee applies). This is a unique 'liquidity bridge' that no other bank's fuel card offers.
- High-Value Welcome 'Profit': Provides a ₹500 cashback on your first HPCL fuel transaction of ₹500+. Combined with a ₹250 Shoppers Stop voucher for the first UPI spend, the welcome benefits (₹750+) immediately exceed the joining fee of ₹499.
- Premium Roadside Assistance (RSA): Includes 4 complimentary RSA services per year (worth ~₹1,399). For commuters, this 'peace of mind' feature—covering towing and battery jumpstarts—adds more tangible value than the reward points themselves.
Cons
- The ₹20,000 Lounge Spend Gate: As of early 2026, the 1 complimentary domestic lounge visit per quarter is strictly 'spend-linked.' You must spend at least ₹20,000 in the *previous* month to unlock access, effectively killing the benefit for casual or 'fuel-only' users.
- Aggressive Category Capping: While the 5% rate is high, the caps are tight. You stop earning accelerated rewards after spending ₹2,000 on Groceries/Utilities and ₹1,000 on FASTag recharges per month. High-spending households will quickly drop to the base 0.5% rate.
- The 1% Utility Surcharge: In line with the April 2026 IDFC policy, a 1% surcharge applies to total utility bill payments exceeding ₹20,000 in a cycle. While the reward rate is 5%, this surcharge reduces your net gain on high-value bills.
- No Fuel Surcharge Waiver: Unlike almost every other fuel card in India, the Power+ does *not* offer a 1% fuel surcharge waiver. You pay the surcharge up-front, and while the 5% rewards 'cover' it, your net fuel saving is effectively reduced to ~4% + 1.5% HP Pay.
- Microscopic Base Reward Rate: On 'Other' retail spends, the card earns a meager 3 RP per ₹150 (0.5% value-back). This is significantly lower than the 1.5% offered by the Axis ACE, meaning this card should never be used for general shopping or electronics.
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 Voucher0 pts | ₹500 HPCL Voucher | Awarded on the first HPCL fuel transaction of ₹500+ within 30 days. |
| ₹1.5 Lakh | Fee Waiver0 pts | ₹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
Annual fee
₹499
0.5% – 8.83% yield