IDFC first power plus UPI credit card vs SBI BPLCL octane VISA signature card, which one is better ?

[sudhanshu22]

IDFC First Power Plus UPI Card:​

• Joining Fee: ₹499
• Annual Fee: ₹499
• Rewards on Fuel: 30 rewards per ₹150 spent on HPCL fuel & LPG
• Other Benefits: Rewards on grocery, utility spends, and IDFC FIRST FASTag recharge; Happy Coins on HP Pay app1.

SBI BPCL Octane Credit Card:​

• Joining Fee: ₹1499
• Annual Fee: ₹1499
• Rewards on Fuel: 25X reward points on BPCL fuel purchases; 7.25% value back on fuel expenses at BPCL
• Other Benefits: Extra rewards on groceries, movies, dining, and departmental stores; co-branded benefits with Bharat Gas1.

The SBI BPCL Octane Credit Card offers a higher value back on fuel expenses compared to the IDFC card, which might be beneficial if you spend a lot on fuel. However, it also comes with a higher joining and annual fee. The IDFC card has a lower fee structure and offers rewards on a variety of other spends, including grocery and utility.

 

[drsel]

SBI octane is better because 6.25 + 1% return. you need to phone customer care to convert the points into statement credit

 

[drsel]

The 1770 joining fee is higher but you will get 1500 worth points which you can convert to statement credit by calling customer care

 

[drsel]

SBI Octane is their second best card after SBI cashback.
IDFC cards are not worth using in order to get points

 

[CardCraftsman.]

The 1770 joining fee is higher but you will get 1500 worth points which you can convert to statement credit by calling customer care

Don't they charge 199+ gst or something for statement credit?

 

[Vasuki]

Go for axis iocl

 

[Gorillaz]

If you go by the annual fees, IDFC power plus makes more sense. I’ve been using this card for more than two months and paid two bills till date and I’m yet to find any points discrepancies. The thing I do is that I make sure that I pay via the HP pay app. This way I also get 1% discount which sets off the fuel surcharge. In short you get roughly 5% discount on fuel, Groceries and Fastag and that was my prime pick to get this card.

 

[L2R]

If you go by the annual fees, IDFC power plus makes more sense. I’ve been using this card for more than two months and paid two bills till date and I’m yet to find any points discrepancies. The thing I do is that I make sure that I pay via the HP pay app. This way I also get 1% discount which sets off the fuel surcharge. In short you get roughly 5% discount on fuel, Groceries and Fastag and that was my prime pick to get this card.

how is the fuel cashback redemption process on idfc?

its slightly complicated on sbi bpcl. we need to find a patient fuel pump operator and go when there is no rush otherwise, they wont redeem the points. takes 3 to 4 mins if the guy is knowledgeable.

 

[L2R]

The 1770 joining fee is higher but you will get 1500 worth points which you can convert to statement credit by calling customer care

wow. didnt know that! so basically, we are paying only the GST of 270 per year?

1. is it possible to upgrade from the existing SBI BPCL card to octane version?

2. also, as a member mentioned above, are there charges for converting the 6k points to statement credit? please advice.

 

[sourpai]

wow. didnt know that! so basically, we are paying only the GST of 270 per year?

1. is it possible to upgrade from the existing SBI BPCL card to octane version?

2. also, as a member mentioned above, are there charges for converting the 6k points to statement credit? please advice.

Not per year…. 1500 voucher is only the welcome benefit… there is no renewal benefit after 1 year. Only fee waiver above 2L spends

 

[drsel]

wow. didnt know that! so basically, we are paying only the GST of 270 per year?

1. is it possible to upgrade from the existing SBI BPCL card to octane version?

2. also, as a member mentioned above, are there charges for converting the 6k points to statement credit? please advice.

Yes
1. You cannot upgrade BPCL to Octane, you have to apply separately for the card online
2. There are no charges.
Statement credit is the best option.
the other vouchers and all are not worth it

 

[Gorillaz]

And yes, you also get RSA worth 1400 free with this card. For the price this card is worth it.

how is the fuel cashback redemption process on idfc?

its slightly complicated on sbi bpcl. we need to find a patient fuel pump operator and go when there is no rush otherwise, they wont redeem the points. takes 3 to 4 mins if the guy is knowledgeable.

im afraid I’m yet to try this. From what I have been told that you can get statement credit which looks better than SBI

 

[Gorillaz]

Small correction: HP pay offers 1.5% cashback making it a total of 6.5% without the fuel surcharge waiver. Effectively it offers roughly 5.5% which is great considering the annual fees plus it offers flat 5% on groceries and Fastag like I mentioned above

 

[MJN]

Small correction: HP pay offers 1.5% cashback making it a total of 6.5% without the fuel surcharge waiver. Effectively it offers roughly 5.5% which is great considering the annual fees plus it offers flat 5% on groceries and Fastag like I mentioned above

Did you use this card at snapay
(MCC -UTILITY) to get 5%?

 

[Gorillaz]

Did you use this card at snapay
(MCC -UTILITY) to get 5%?

nope...never heard about it...could you tell more about it so that I can try and confirm?