Want to save up to 6.5% on your petrol and diesel spends? Take IDFC First Bank and HPCL’s co-branded fuel credit card launched on the RuPay platform. This is available through the HP Pay app and the 6.5% savings is inclusive of surcharge waiver, value back and 1.5% cashback by HPCL.

The co-branded card covers a range of mobility requirements of customers including fuel, utility, lifestyle and a host of attractive merchant offers.

The credit card will be available in two variants – First Power and First Power+. It is designed to give savings on fuel spends and LPG purchase FasTags , grocery and other utility spends.

The bank will issue both credit cards through its website, app, select IDFC First Bank branches, and select HPCL pumps/locations.

Customers will be able to enjoy the benefits of this card for their fuel purchases made through the HP Pay app at over 20,000 HPCL retail outlets across the country.

The features and benefits of the HPCL-IDFC First Bank Credit Card include:

– Introductory joining fee waiver:

• There is a joining fee of Rs 199 for First Power and Rs 499 for First Power+. As an introductory offer, both variants are being offered with no joining fee.

• There is an annual fee on both variants (Rs 199 for First Power and Rs 499 for First Power+), which will be waived for customers meeting the annual spend threshold.

– Dynamic interest rates, starting as low as 9% p.a.

– Never-expiring reward points which are as good as cash (redeemable anywhere online)

– Value back for Customers:

• First Power: Up to 2.5% value back (in the form of Reward Points) on Fuel and LPG purchases, FasTag top-ups, grocery and utility spends and 2X Rewards on other eligible spends

• First Power+: Up to 4.0% value back (in the form of Reward Points) on Fuel and LPG purchases. Up to 5.0% value back on FASTag top-ups, grocery and utility expenses and 3X Rewards on other eligible spends

• Up to 6.5% saving on fuel spends on HP Pay app which includes surcharge waiver, value back and 1.5% cashback by HPCL.

– Airport Lounge access, movie discounts on FIRST Power+

– All customers get complimentary Road Side Assistance worth Rs. 1,399 and insurance coverage

Commenting on the launch of the new card, IDFC First Bank chief operating officer Madhivanan Balakrishnan said, “The launch of this co-branded credit card demonstrates our commitment to bring convenience and value to our customers. This card represents HPCL’s expertise and the bank’s philosophy of customer first, and we are confident that it will become a trusted and valuable asset for our customers.”

HPCL executive director, retail, Sandeep Maheshwari said, “We believe that this card will revolutionise the way our customers spend on their mobility needs and manage their finances, and we can’t wait to see the positive impact it will have on their lives.”