Revaluation IDFC First Bank RuPay Credit cards (Power & Power+) Reward Rate Revised

[Abhishek012]

IDFC First Bank RuPay Credit cards (Power & Power+) Reward Rate Revised:

Please take a moment to review the changes applicable with effect from 1st May 2024:

Power Card -

https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/cvp/PowerCVP.pdf

Power+ card - https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/cvp/PowerPlusCVP.pdf

1) Power RuPay Credit Card -​

Current Fuel Reward Points - 15X Reward Points on HPCL Fuel up to 500 Reward Points (= ₹125) in a statement cycle

Revised Fuel Reward Points - 21X Reward Points on HPCL Fuel up to 700 Reward Points (= ₹175) in a statement cycle

Current UPI Reward Points - UPI transactions earn Reward Points basis the defined category of spends like Fuel, IDFC FASTag Recharge, Grocery and Utility OR Base Rewards [Excluding non-HPCL Fuel, Insurance, EMI]

Capping: As per the respective category

Revised UPI Reward Points - UPI transactions will earn 2X Reward Points across all categories. [Excluding Fuel,Insurance, EMI]

Capping: No cappings

2) Power+ RuPay Credit Card -​

Current Fuel Reward Points - 24X Reward Points on HPCL Fuel up to 1600 Reward Points (= ₹400) in a statement cycle

Revised Fuel Reward Points - 30X Reward Points on HPCL Fuel up to 2400 Reward Points (= ₹600) in a statement cycle

Current UPI Reward Points - UPI transactions earn Reward Points basis the defined category of spends like Fuel, IDFC FASTag Recharge, Grocery and Utility OR Base Rewards [Excluding non-HPCL Fuel, Insurance, EMI]

Capping: As per the respective category

Revised UPI Reward Points - UPI transactions will earn 3X Reward Points across all categories. [Excluding Fuel,Insurance, EMI]

Capping: No cappings

 

[techt]

What is x here ? 1 point per 100 or 150. And value of 1 point is 0.25 rs or ?

 

[rp0703]

IDFC First Bank RuPay Credit cards (Power & Power+) Reward Rate Revised:

Please take a moment to review the changes applicable with effect from 1st May 2024:

Power Card -

https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/cvp/PowerCVP.pdf

Power+ card - https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/cvp/PowerPlusCVP.pdf

1) Power RuPay Credit Card -​

Current Fuel Reward Points - 15X Reward Points on HPCL Fuel up to 500 Reward Points (= ₹125) in a statement cycle

Revised Fuel Reward Points - 21X Reward Points on HPCL Fuel up to 700 Reward Points (= ₹175) in a statement cycle

Current UPI Reward Points - UPI transactions earn Reward Points basis the defined category of spends like Fuel, IDFC FASTag Recharge, Grocery and Utility OR Base Rewards [Excluding non-HPCL Fuel, Insurance, EMI]

Capping: As per the respective category

Revised UPI Reward Points - UPI transactions will earn 2X Reward Points across all categories. [Excluding Fuel,Insurance, EMI]

Capping: No cappings

2) Power+ RuPay Credit Card -​

Current Fuel Reward Points - 24X Reward Points on HPCL Fuel up to 1600 Reward Points (= ₹400) in a statement cycle

Revised Fuel Reward Points - 30X Reward Points on HPCL Fuel up to 2400 Reward Points (= ₹600) in a statement cycle

Current UPI Reward Points - UPI transactions earn Reward Points basis the defined category of spends like Fuel, IDFC FASTag Recharge, Grocery and Utility OR Base Rewards [Excluding non-HPCL Fuel, Insurance, EMI]

Capping: As per the respective category

Revised UPI Reward Points - UPI transactions will earn 3X Reward Points across all categories. [Excluding Fuel,Insurance, EMI]

Capping: No cappings

You forget to mention "No Fuel Surcharge waiver".

 

[techt]

You forget to mention "No Fuel Surcharge waiver".

That was intentional, how can he show devaluations in RuPay.

 

[rp0703]

What is x here ? 1 point per 100 or 150. And value of 1 point is 0.25 rs or ?

30 point per 150. Value per RP 0.25. So 5% Reward Rate.

 

[Abhishek012]

You forget to mention "No Fuel Surcharge waiver".

Aaj konsa date hai yaad karlo.

@techt

 

[techt]

Aaj konsa date hai yaad karlo.

@techt

Amex Centurion.

 

[Harsha896]

This is not that good of revaluation I think. They removed fuel surcharge waiver and instead giving reward points. Also UPI is kind of devalued as you can't earn accelerated reward points on select categories as now all UPI spends will give fixed 0.5% reward rate.

 

[AlgoTrader]

idfc fuel cards are so messed up

 

[bigbyte]

What is x here ? 1 point per 100 or 150. And value of 1 point is 0.25 rs or ?

1x per rs150

 

[pranjal1984]

So suppose I fill up Rs 12000 worth fuel, it will cost me Rs 120 extra. So total cashback of Rs 600 minus Rs 120 fuel surcharge will lead to a net cashback of Rs 480 which is only marginally better than Rs 400 cashback which was prevously offered. This is leaving aside the GST component of the fuel surcharge which was anyway not reversed earlier.

 

[lightwaves]

IDFC First Bank RuPay Credit cards (Power & Power+) Reward Rate Revised:

Please take a moment to review the changes applicable with effect from 1st May 2024:

Power Card -

https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/cvp/PowerCVP.pdf

Power+ card - https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/cvp/PowerPlusCVP.pdf

1) Power RuPay Credit Card -​

Current Fuel Reward Points - 15X Reward Points on HPCL Fuel up to 500 Reward Points (= ₹125) in a statement cycle

Revised Fuel Reward Points - 21X Reward Points on HPCL Fuel up to 700 Reward Points (= ₹175) in a statement cycle

Current UPI Reward Points - UPI transactions earn Reward Points basis the defined category of spends like Fuel, IDFC FASTag Recharge, Grocery and Utility OR Base Rewards [Excluding non-HPCL Fuel, Insurance, EMI]

Capping: As per the respective category

Revised UPI Reward Points - UPI transactions will earn 2X Reward Points across all categories. [Excluding Fuel,Insurance, EMI]

Capping: No cappings

2) Power+ RuPay Credit Card -​

Current Fuel Reward Points - 24X Reward Points on HPCL Fuel up to 1600 Reward Points (= ₹400) in a statement cycle

Revised Fuel Reward Points - 30X Reward Points on HPCL Fuel up to 2400 Reward Points (= ₹600) in a statement cycle

Current UPI Reward Points - UPI transactions earn Reward Points basis the defined category of spends like Fuel, IDFC FASTag Recharge, Grocery and Utility OR Base Rewards [Excluding non-HPCL Fuel, Insurance, EMI]

Capping: As per the respective category

Revised UPI Reward Points - UPI transactions will earn 3X Reward Points across all categories. [Excluding Fuel,Insurance, EMI]

Capping: No cappings

Yesterday they devalued all cards and today revalues all RuPay cards. Is this a plan to push RuPay cards?

 

[rp0703]

So suppose I fill up Rs 12000 worth fuel, it will cost me Rs 120 extra. So total cashback of Rs 600 minus Rs 120 fuel surcharge will lead to a net cashback of Rs 480 which is only marginally better than Rs 400 cashback which was prevously offered. This is leaving aside the GST component of the fuel surcharge which was anyway not reversed earlier.

Also consider 18% gst on surcharge.

 

[rp0703]

Yesterday they devalued all cards and today revalues all RuPay cards. Is this a plan to push RuPay cards?

Nothing is revalued. They removed the 1% fuel surcharge waiver and increased the RP by equivalent amount. Also they kind of devalued the card. Because previously on UPI transaction you could get 4% on fuel and 5% on groceries and utilities. But now it's just 3X point which is like 0.5%. Though now RP on UPI spend has no capping.

 

[Abhishek012]

Yesterday they devalued all cards and today revalues all RuPay cards. Is this a plan to push RuPay cards?

This was an April Fool's joke.

 

[pranjal1984]

Also consider 18% gst on surcharge.

already mentioned above. gst was never reversed. only 1% fuel surcharge was reversed

 

[harshgupta940]

Will it consider Hp Pay as fuel transaction if that's the case then its better as now will get 30x which is effectively 5% and then additional happy coins on Hp Pay.

And will it give accelerated reward on grocery?

 

[mr_atul]

- So, If I go to HPCL Petrol Pump and fill fuel of 150 Rs.
And Paying through Paytm UPI (Power Plus Credit Card).
- I will be getting 30 Reward points ???
- [As UPI transactions exclude Fuel, So it will earn the same Accelerated Rewards]
- Right ??????????

 

[bigbyte]

- So, If I go to HPCL Petrol Pump and fill fuel of 150 Rs.
And Paying through Paytm UPI (Power Plus Credit Card).
- I will be getting 30 Reward points ???
- [As UPI transactions exclude Fuel, So it will earn the same Accelerated Rewards]
- Right ??????????

IDFC se 1st May ke baad kuch bhi umeed rakhna aapke swasth ke liye haanikarak sidhh ho sakta hai.

 

[rp0703]

- So, If I go to HPCL Petrol Pump and fill fuel of 150 Rs.
And Paying through Paytm UPI (Power Plus Credit Card).
- I will be getting 30 Reward points ???
- [As UPI transactions exclude Fuel, So it will earn the same Accelerated Rewards]
- Right ??????????

NOPE. You'll get no RP on Fuel transaction done via UPI.