IDFC Power Credit Card: Rewards, Fees, & Benefits Explored

Check your Credit Card eligibility!

Select Your Profession

Salaried Employee

Business Owner

✓ Fast Processing ✓ Great Discounts & Offers ✓ Easy EMI Facility | Apply for Credit Card now! Check Card Offer

Key Highlights of the IDFC FIRST Bank Power Credit Card

Check the primary features of this UPI-powered credit card:

Joining Fee	₹199
Annual Fee	₹199
Suitable For	Rewards on fuel and lifestyle spends
Key Feature	Savings of up to 5% on fuel expenses
Welcome Bonus	Benefits worth ₹2,250

Features and Benefits

Combining fuel savings along with roadside assistance, this card is the perfect choice for frequent travellers. Here are some of the key benefits of the IDFC FIRST Bank Power Credit Card:

Welcome Benefits

Get joining benefits worth ₹2,250 including savings on your HPCL fuel spends, discount on car rentals, and more.

Fuel Savings

Save up to 5% on your fuel expenses made using this card.

Annual Savings

Save up to ₹7,000 annually with the IDFC FIRST Bank Power Credit Card, enough to buy over 65 litres of fuel.

Roadside Assistance

Get free roadside assistance worth ₹1,399, ensuring you are protected in case of emergencies while on the road.

Grocery and Utility Perks

Pay regular grocery and utility bills and save up to 2.5% of the amount you spend, with up to 400 reward points per month.

Save on FASTag Charges

Get 2.5% off when you complete the IDFC FIRST Bank FASTag recharge on the bank’s app and get up to 200 points a month.

2X Rewards on Retail and UPI Spends

Manage your day-to-day payments easily while maximising your benefits with 2X rewards.

Insurance Covers

Enjoy a personal accident cover of ₹2 Lakhs along with a lost card liability cover of ₹25,000.

Pay via UPI

Link this credit card to your UPI ID and use it with ease to transact using nothing but your smartphone.

Interest-free Cash Withdrawals

Take a cash advance via an ATM to bridge a cash crunch and pay zero interest for up to 45 days.

IDFC FIRST Bank Power Credit Card’s Rewards Program

IDFC First Bank’s credit card ecosystem makes earning and redeeming points easy via the rewards portal. Here is what you should know about the reward points you can earn when using this card.

A. Reward Points

This credit card offers 3.5% savings via reward points on fuel purchases at HPCL stations. You also get 1.5% savings by paying for fuel through the HP Pay App via Happy Coins.

See this example:

Purchase (Monthly)	Amount	Reward Points (RC)/Happy Coins (HC)	Cash Value (₹)
Fuel	₹5,000	700 RP	175
Fuel	₹10,000	600 HC	150

Disclaimer: The above example is for illustration purposes only.

The IDFC FIRST Bank Power Credit Card offers 2.5% savings as rewards on categories such as groceries and utilities.

Check this example:

Purchase (Monthly)	Amount	Reward Points	Cash Value (₹)
Electricity bill	₹4,000 (capped)	400	100
Grocery shopping	₹4,000 (capped)	400	100

Disclaimer: The above example is for illustration purposes only.

With this card, you also enjoy 2.5% savings as reward points on IDFC FIRST Bank FASTag recharge.

Consider this example:

Purchase (Monthly)	Amount	Reward Points	Cash Value (₹)
IDFC FIRST Bank FASTag recharge	₹2,000 (capped)	200	50

Disclaimer: The above example is for illustration purposes only.

You also get 2X Rewards on various other retail transactions.

See the following example:

Purchase (Monthly)	Amount	Reward Points	Cash Value (₹)
Online shopping	₹6,000	80	20
Retail purchases	₹4000	53	13.25

Disclaimer: The above example is for illustration purposes only.

Note: Each reward point is equal to ₹0.25, and you earn 1 point on every ₹150 that you spend. You earn 6 Happy Coins every time you spend ₹100 on fuel through the HP Pay App. Their value is ₹0.25 per coin.

B. Redemption Process

The redemption process is online and quite simple. All you need to do is log in to:

Online credit card account

IDFC FIRST Bank mobile app

Or the rewards portal

You can redeem points for e-vouchers or gift cards. You can also get instant discounts on purchases through various online and offline partner merchants by paying with points.

C. Expiration

The points you earn using the IDFC FIRST Bank Power Credit Card do not expire. You can redeem them whenever you want, without any rush.

D. Example of Annual Savings

Based on the examples provided, here is what your annual expenses and savings may look like:

Category	Details	Conversion	Cash Value (₹)
Fuel savings	₹5,000 p.m./60,000 p.a. + ₹10,000 p.m./1,20,000 p.a.	700X12 = 8,400 Reward Points + 600 X 12 = 7200 Happy Coins	2,100 + 1,800
Grocery Shopping and Utility Bills	₹4000 p.m./ ₹48,000 p.a.	400X12 = 4,800 Reward Points	1,200
IDFC FIRST FASTag recharge	₹2,000 p.m./ ₹12,000 p.a.	200x12= 2400 Reward Points	600
Incremental Points on Purchases	₹10,000 p.m./ ₹1,20,000 p.a.	133X12 = 1596 Reward Points	399
Total Annual Savings			₹6,099

Disclaimer: The above example is for illustration purposes only. The actual rewards and savings may vary based on the policies of the issuer and on the timely payment of credit card dues. Please check with the card issuer before applying.

Fee and Charges Associated with the IDFC FIRST Bank Power Credit Card

Here are all the charges you can expect to incur while using this card:

Fee Type	General Range
Joining Fee	₹199
Annual Fee	₹199 – Waived off on spending ₹50,000 or more annually
Interest Charges	0.71% to 3.85% per month (w.e.f. from 20th February 2025)
Late Payment Fee	15% of the total amount due, subject to a maximum of ₹1,300
Cash Advance Fee	₹199 per withdrawal

Note: A GST of 18% is applicable on the above-mentioned charges.

Disclaimer: These fees and charges are also subject to change at the discretion of the issuer. Before applying, check the issuer’s Most Important Terms and Conditions (MITC) document to verify.

Eligibility Criteria to Apply for the Card

Check the eligibility criteria for the IDFC FIRST Bank Power Credit Card to ensure that you can apply seamlessly:

You must be an Indian citizen

You should be at least 21 years of age

You must have a good credit score

Your credit utilisation ratio should be at an acceptable level

You must have an annual income of at least ₹3 Lakhs

Documents Required to Apply for the Card

Here is the list of documents you may need to submit:

Identity Proof:

Passport

PAN card

Address Proof:

Voter’s ID Card

Aadhaar card

Driving Licence

Income Proof:

Income Tax Returns

Salary slips

Bank statements

How to Apply for the IDFC FIRST Bank Power Credit Card Online

Bajaj Markets provides a secure platform to compare your selected credit cards and apply online. The process ensures utmost data security and transparency. To know how to apply online for the IDFC FIRST Bank Power Credit Card, follow the steps given below:

Click on ‘Check Eligibility’ and enter the required details, including your date of birth, phone number, and occupation
Enter the One-Time Password (OTP) sent to your phone
Review pre-filled details like your PAN card number, residential PIN code, email address, and income details
Apply for the card that suits your needs from the available options
Click on ‘Submit’ to complete your application

Customer Care

If you have any questions, reach out to IDFC FIRST Bank’s customer care team via email, WhatsApp, or phone:

Email banker@idfcfirstbank.com

Send ‘Hi’ to 95555-55-555 to contact the team via WhatsApp

Give a call to 1800-10-888

Disclaimer

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions. Basis the information provided during your loan application journey, you may be provided with various offers from our existing loans partners.

About Credit Cards Services

Credit Cards Partners at Bajaj Markets

About IDFC First Bank Credit Card

What is the joining fee for the IDFC FIRST Bank Power Credit Card?

The joining fee for the IDFC FIRST Bank Power Credit Card is ₹199.

Will I receive any welcome benefits with the IDFC FIRST Bank Power Credit Card?

Yes, you enjoy welcome benefits worth ₹2,250 upon activating the card.

How can I redeem my IDFC FIRST Bank Power Credit Card reward points?

You can redeem your reward points through the IDFC FIRST Bank mobile app or the net banking portal. You can also directly log in to the rewards portal. After you have logged in, you can choose to pay with points or buy gift cards or subscriptions.

What should I do if I lose my IDFC FIRST Bank Power Credit Card?

If you lose your card, immediately contact customer care to report the loss and block the card to prevent unauthorised transactions.

Can I make UPI transactions with my IDFC FIRST Bank Power Credit Card?

Yes, you can use this card for UPI transactions and earn rewards for every transaction.

Do I need to pay interest on cash withdrawals made via the IDFC FIRST Bank Power Credit Card?

No, you can make interest-free cash withdrawals using the IDFC FIRST Bank Power Credit Card for up to 45 days. Post that, interest applies to the unpaid amount.