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IndianOil HDFC Bank Credit Card vs IDFC FIRST Power Credit Card
On rewards minus fees, IndianOil HDFC Bank beats IDFC FIRST Power in all four spend profiles we model, from ₹1,512 a year for everyday spenders to ₹5,004 for high spenders. IDFC FIRST Power costs ₹199 a year against ₹500 and charges no forex markup against 3.5%. IndianOil HDFC Bank lists a lower income floor, ₹12,000 a month against ₹25,000. Figures as of 1 Oct 2026.
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Who comes out ahead — by how you spend
Estimated net annual value — rewards earned minus the annual fee — for four typical spend profiles. Portal-only accelerators and lounge access are excluded, so this is the money you actually keep.
| Spender | IndianOil HDFC Bank Credit Card | IDFC FIRST Power Credit Card |
|---|---|---|
Everyday spender ≈ ₹40k/mo across groceries, bills, dining and fuel | ₹4,356/yr✓ +₹1,512/yr | ₹2,844/yr |
Online shopper ≈ ₹60k/mo, mostly e-commerce and subscriptions | ₹6,132/yr✓ +₹2,760/yr | ₹3,372/yr |
Frequent traveller ≈ ₹1.2L/mo with heavy travel and forex spend | ₹10,452/yr✓ +₹4,164/yr | ₹6,288/yr |
High spender ≈ ₹2.5L/mo across every category | ₹18,840/yr✓ +₹5,004/yr | ₹13,836/yr |
Not in these numbers: IDFC FIRST Power Credit Card charges less on forex (0% vs 3.5%) — real perks that can outweigh a small rewards gap.
Illustrative profiles, not a personalised result — your categories decide the real winner. Run these two on my spending →
What your points are actually worth
A point's headline value means little without the earn rate behind it. Here's the real math — the value of a point by how you redeem it, the resulting return by category, and the net rupees for your own spend.
| Value of one point, by route | IndianOil HDFC Bank Credit CardHDFC Reward Points | IDFC FIRST Power Credit CardIDFC Reward Points |
|---|---|---|
| Cash / statement credit | ₹0.30 | ₹0.25BEST |
| Gift vouchers | ₹0.30 | ₹0.25BEST |
| Travel portal | ₹0.50BEST | — |
Return by categoryearn rate × point value
Headline reward rate per category, before monthly caps. Switch the redemption strategy above to see how the picture shifts.
Your spend, head to head
Enter your monthly spend — net value is the annual rewards after the card fee, at each card's best realistic redemption (our recommender's model, caps and fee-waivers included).
Total ₹60,000/mo · ₹7,20,000/yr
Want the money-first pick across your whole wallet? Run the recommender →
| IndianOil HDFC Bank Credit Card | IDFC FIRST Power Credit Card | |
|---|---|---|
| Fees | ||
| Joining fee | ₹500 | ₹199 |
| Annual fee | ₹500/yr | ₹199/yr ✓ |
| Annual fee — all-in (incl. 18% GST) | ₹590 | ₹235 ✓ |
| Fee waiver at | ₹50,000/yr spend | ₹50,000/yr spend |
| Welcome benefit | ~₹250 | ~₹2,250 |
| Rewards | ||
| Best everyday reward | 4.8% on Groceries ✓ | 2.5% on Utility Bills |
| Fuel | 0.64% ✓ | 0.33% |
| Groceries | 4.8% ✓ | 0.33% |
| Base rate — other spends | 0.64% ✓ | 0.33% |
| Utility Bills | 4.8% ✓ | 2.5% |
| Charges | ||
| Forex markup | 3.5% | 0% ✓ |
| Finance charge | 3.75% p.m. | — |
| Cash advance | — | — |
| Add-on card | — | — |
| Perks | ||
| concierge | — | ~₹1,399/yr · Complimentary roadside assistance programme worth ₹1,399 |
| fuel waiver | ~₹600/yr · 1% fuel surcharge waiver at all Indian fuel stations (minimum ₹400 per transaction), capped ₹250 per billing cycle | — |
| insurance | — | ~₹800/yr · Personal accident cover of ₹2,00,000 and lost-card liability cover of ₹25,000 |
| Eligibility | ||
| Min income | ₹12,000/mo ✓ | ₹25,000/mo |
| Min age | 21+ yrs | 21+ yrs |
| UPI linked | Yes | Yes |
| Expert rating | 4.3 / 5 ✓ | 4.1 / 5 |
Reward rates above are the realistic value you keep — points earned × what a point is worth at each card's own best redemption, before monthly caps — so cards with different point values compare fairly. Bank-portal accelerators (earned only by booking through the issuer's own portal, on a slice of spend) are bounded upside, listed separately here rather than blended into the everyday rates.
Which should you pick?
Choose the IndianOil HDFC Bank Credit Card if you want strong rewards on groceries. Consider the IDFC FIRST Power Credit Card if you spend more on utility bills and prefer a lower fee. Your actual best card depends on how you spend — run your numbers below.
IndianOil HDFC Bank Credit Card vs IDFC FIRST Power Credit Card — FAQs
Which has a lower annual fee, IndianOil HDFC Bank Credit Card or IDFC FIRST Power Credit Card?
As of 1 Oct 2026, IDFC FIRST Power has the lower annual fee: ₹199 (₹235 with 18% GST), against ₹500 (₹590 with 18% GST) on IndianOil HDFC Bank. IndianOil HDFC Bank and IDFC FIRST Power both waive the fee once you spend ₹50,000 in a card year.
Do IndianOil HDFC Bank Credit Card and IDFC FIRST Power Credit Card offer airport lounge access?
As of 1 Oct 2026, neither IndianOil HDFC Bank nor IDFC FIRST Power lists complimentary lounge access of any kind, airport or railway. For spending abroad, IDFC FIRST Power adds no forex markup, against 3.5% on IndianOil HDFC Bank.
Which card has lower forex markup, IndianOil HDFC Bank Credit Card or IDFC FIRST Power Credit Card?
As of 1 Oct 2026, IDFC FIRST Power has the lower forex markup: none at all, against 3.5% on IndianOil HDFC Bank. With 18% GST on the markup, ₹1,00,000 spent abroad costs about ₹4,130 extra on IndianOil HDFC Bank and nothing extra on IDFC FIRST Power.
For a frequent traveller, is the IndianOil HDFC Bank Credit Card or IDFC FIRST Power Credit Card better value?
On figures as of 1 Oct 2026, IndianOil HDFC Bank comes out ahead for a frequent traveller (about ₹1.2 lakh a month with heavy travel and forex spend), with a net annual value (rewards minus the annual fee) of ₹10,452 against ₹6,288 on IDFC FIRST Power, a ₹4,164 gap. That figure leaves out forex markup, where IDFC FIRST Power charges 0% against 3.5% on IndianOil HDFC Bank.
For everyday spending, which returns more: IndianOil HDFC Bank Credit Card or IDFC FIRST Power Credit Card?
On figures as of 1 Oct 2026, IndianOil HDFC Bank comes out ahead for an everyday spender (about ₹40,000 a month across groceries, bills, dining and fuel), with a net annual value (rewards minus the annual fee) of ₹4,356 against ₹2,844 on IDFC FIRST Power, a ₹1,512 gap. At this spend IndianOil HDFC Bank and IDFC FIRST Power both waive their annual fees.
Which is better, IndianOil HDFC Bank Credit Card or IDFC FIRST Power Credit Card?
As of 1 Oct 2026, IndianOil HDFC Bank earns 4.8% on groceries at best, paid as HDFC Reward Points, and IDFC FIRST Power earns 2.5% on utility bills outside merchant or portal bonuses, paid as IDFC Reward Points. IndianOil HDFC Bank keeps more money after fees in all four spend profiles we model. The case for IDFC FIRST Power is that it costs ₹199 a year against ₹500 and charges no forex markup against 3.5%.