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IDFC FIRST Power Credit Card

by Kshitiz V Sharma on

The Bottom Line

IDFC FIRST Power Credit Card
Low Fee, Low Rewards

15 reward points / ₹150 on grocery, utility bill payments & FASTag recharges, 15 points & 6 Payback Points on HPCL Fuel & LPG and 2 points on all other spends.

Monthly Spend ₹5K ₹10K ₹20K ₹50K ₹100K
Net Reward Yield 1.4% 1.3% 1.0% 0.7% 0.6%
Est. Monthly Reward (₹) 70 130 190 335 560
All-India Rewards Rank* 13 31 93 199 227
Within Bank Rank* 2 2 3 6 7
* Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here.

^The negative figure means at this level of monthly spends, the rewards earned in a year will be worth less than the annual fee.

The IDFC FIRST Power Credit Card gives 5% effective rewards on fuel & LPG purchases via HPCL, 2.5% effective rewards on grocery & utility bills and 0.33% on all other spending.

We estimate this card can earn you a net reward yield of 0.9-1.4% on all your spending in a month.

The HPCL IDFC FIRST Power+ Credit Card is the best entry level credit card from IDFC First Bank. It offers a net reward yield of 1.2 – 2.0% on monthly spending up to ₹20,000.

The FIRST Wealth Credit Card is the best high end credit card for IDFC FIRST Bank customers with a net reward yield of 1.1 – 2.1% on monthly spending above ₹20,000.

For the first ₹30,000 spent in a month, this card gives effective rewards of 1.5% for all online purchases while offline spending earns 0.75%, for an average net reward yield of 1.1%.

All spending in excess of this amount each month earns a flat 2.50% reward, resulting in a net reward yield of almost 2.5% if you charge more than ₹1 lacs in a month.

Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.

The Rewards

Card IDFC First Power Credit Card
Card Type Reward
Reward Features 15 reward points / ₹150 on:
– Grocery
– Utility Bill Payments
– FASTag recharges

15 reward points / ₹150 & 6 Payback Points on HPCL Fuel & LPG

2 reward points / ₹150 on all other retail spends

Milestone Rewards Nil
Other Rewards – Complimentary Roadside Assistance worth ₹1,399

– 25% off on movie tickets up to ₹100 / mth.

– ₹150 Discount on order above ₹500 on Swiggy

– ₹500 Discount on ZoomCar rentals

– 50% on Domestic and International Rental Cars on Eco Rent A Car

– 1.5% savings on Fuel and LPG transactions up to ₹75 per month

Rewards Redemption Fee ₹99
Reward Caps Unlimited
Preferred Redemption Method Redeem points on IDFC Bank Rewards Portal for E-Vouchers or online and in-store purchases @ ₹0.25/ Reward Point

Fees & Charges

Card IDFC First Power Credit Card
Joining Fee ₹199 + Taxes
Annual Fee ₹199 + Taxes
Min. Annual Credit Card Spend
for Fee Waiver
Income Criteria Salaried N/A
Self-employed N/A
Supplementary Card Fee Free
Interest Rate 42.00%
Foreign Currency Markup 3.50%
Cash Advance Charge ₹199 / transaction

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