IndianOil HDFC Bank Credit Card vs IDFC FIRST Bank HPCL Power+
A field-by-field comparison of fees, reward rates, accelerated categories, caps, exclusions, lounge access and forex markup, using each issuer's own published terms. Affiliate payout never decides the verdict.
Short answer
IndianOil HDFC Bank Credit Card and IDFC FIRST Bank HPCL Power+ differ first on recurring cost: IndianOil HDFC Bank Credit Card has an annual fee of ₹500 + GST against ₹499 + GST for IDFC FIRST Bank HPCL Power+ , so IDFC FIRST Bank HPCL Power+ is cheaper to hold. On rewards, IndianOil HDFC Bank Credit Card earns 0.67% in Fuel Points while IDFC FIRST Bank HPCL Power+ earns 2% in Reward Points. Both publish the same 3.5% forex markup. Neither card wins outright: the better choice depends on which accelerated categories match your spend, the monthly caps, the exclusions and issuer approval fit.
Source: CardMasters issuer-evidence catalogue, release 2026-08-25. Confirm final terms with the issuer.
| Feature | IndianOil HDFC Bank Credit Card | IDFC FIRST Bank HPCL Power+ |
|---|---|---|
| Issuer | HDFC Bank | IDFC FIRST Bank |
| Joining fee | ₹500 + GST | ₹499 + GST |
| Annual fee | ₹500 + GST | ₹499 + GST |
| Fee waiver | ₹50,000 annual eligible spend | ₹1,50,000 annual eligible spend |
| Base rewards | 0.67% in Fuel Points | 2% in Reward Points |
| Accelerated routes | IndianOil outlets · grocery · utility and bill payments | HPCL fuel (card + Happy Coins via HP Pay app) · grocery and utility |
| Reward exclusions | rent, wallet load, government, non IndianOil fuel | rent, emi, wallet load, non HPCL fuel earns base only |
| Forex markup | 3.5% | 3.5% |
| Fuel surcharge waiver | 1% fuel surcharge waiver up to ₹250 per statement cycle | Not recorded — confirm with issuer |
| Domestic lounge | none | 1 complimentary visit per quarter on minimum monthly spend of ₹20,000 |
| International lounge | none | none |
| Card networks | RuPay, Visa | RuPay, Visa |
| Best suited to | fuel, groceries, bills utilities, upi credit | fuel, commuter, utilities |
| Issuer evidence | Checked 2026-08-08 | Checked 2026-08-08 |
Frequently asked questions
Is the IndianOil HDFC Bank Credit Card better than the IDFC FIRST Bank HPCL Power+ ?
Neither is universally better. IndianOil HDFC Bank Credit Card charges ₹500 + GST a year and earns 0.67% in Fuel Points; IDFC FIRST Bank HPCL Power+ charges ₹499 + GST and earns 2% in Reward Points. The better card is the one whose accelerated categories, caps and exclusions match your actual spending, after subtracting the annual fee and GST.
Which of the two has the lower annual fee, IndianOil HDFC Bank Credit Card or IDFC FIRST Bank HPCL Power+ ?
IDFC FIRST Bank HPCL Power+ has the lower recorded annual fee at ₹499 + GST. A spend-based waiver may reduce the effective cost of the other card, so check the waiver threshold before deciding.
Which is better for international spending, IndianOil HDFC Bank Credit Card or IDFC FIRST Bank HPCL Power+ ?
Both publish a 3.5% forex markup, so compare international reward eligibility and lounge access instead.
Can I hold both cards together?
Yes, provided each is approved on its own merits and you can pay both statements in full. Holding both makes sense only when their accelerated categories do not overlap; otherwise the second card adds an annual fee without adding rewards.