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Amex Membership Rewards CC vs IDFC FIRST HPCL Power+ Credit Card

Honest side-by-side comparison of Amex Membership Rewards CC, IDFC FIRST HPCL Power+ Credit Card — annual fees, reward rates, income eligibility, and estimated net annual value on the same spend profile.

Same spend profile for all cards. How we calculate net annual value

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Spend assumptions

All cards use the same monthly spend profile. Saved spends from the quiz or a card page load automatically.

Amex Membership Rewards CC

American Express

IDFC FIRST HPCL Power+ Credit Card

IDFC FIRST Bank

Your adjusted comparison

Feature
Amex Membership Rewards CC credit card

Amex Membership Rewards CC

American Express

IDFC FIRST HPCL Power+ Credit Card

IDFC FIRST HPCL Power+ Credit Card

IDFC FIRST Bank

Fees & eligibility
Annual fee₹4,500₹499
Fee waiver thresholdNo waiver publishedWaived at ₹1,50,000/yr spend
Min income₹60,000/mo₹20,000/mo
Secured / FD-backedStandardStandard
Rewards
Net annual value (moderate)-₹4,194/yr₹2,260/yr
Groceries (offline)—₹5,000 → 167 pts/mo × ₹0.25/pt = ₹41.67/mo (₹500/yr)
Fuel—₹3,000 → 600 pts/mo × ₹0.25/pt = ₹150/mo (₹1,800/yr) · issuer max ₹5,000/mo
Top reward rate2 RP/₹15030 pts/₹150
Primary reward capNo monthly cap published₹5,000 eligible spend/mo
Perks & restrictions
Lounge accessNone1 domestic airport lounge visit per quarter · Lounge gated on ₹20,000 spend in the previous calendar month
UPI rewardsNot supported (Visa/MC)Not supported (Visa/MC)
Key exclusionsEMI · Fuel · Rent · Some small merchantsEMI · Rent · Wallet · Insurance
Bonuses
Signup bonus₹4,000₹500

Stack mode (hold both)

Holding both may not beat using only the better solo card on this spend.

Amex Membership Rewards CC details →IDFC FIRST HPCL Power+ Credit Card details →

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Reference summary

At a glance (moderate spend)

Quick verdict: On moderate spend, IDFC FIRST HPCL Power+ Credit Card leads Amex Membership Rewards CC by about ₹6,454/yr in estimated net value.

Spend assumptions for this table

Moderate user spend profile · ₹31,000/mo

₹31,000/month total spend — typical India user

Online ₹8,000 · Groceries ₹5,000 · Other ₹4,000 · Dining ₹3,500 · Bills ₹3,500

Amex Membership Rewards CC vs IDFC FIRST HPCL Power+ Credit Card comparison table
FeatureAmex Membership Rewards CC

American Express

IDFC FIRST HPCL Power+ Credit Card

IDFC FIRST Bank

Fees & eligibility
Annual fee₹4,500₹499
Fee waiver thresholdNo waiver publishedWaived at ₹1,50,000/yr spend
Min income₹60,000/mo₹20,000/mo
Secured / FD-backedStandardStandard
Rewards
Net annual value (moderate)-₹4,194/yr₹2,260/yr
Groceries (offline)—₹5,000 → 167 pts/mo × ₹0.25/pt = ₹41.67/mo (₹500/yr)
Fuel—₹3,000 → 600 pts/mo × ₹0.25/pt = ₹150/mo (₹1,800/yr) · issuer max ₹5,000/mo
Top reward rate2 RP/₹15030 pts/₹150
Primary reward capNo monthly cap published₹5,000 eligible spend/mo
Perks & restrictions
Lounge accessNone1 domestic airport lounge visit per quarter · Lounge gated on ₹20,000 spend in the previous calendar month
UPI rewardsNot supported (Visa/MC)Not supported (Visa/MC)
Key exclusionsEMI · Fuel · Rent · Some small merchantsEMI · Rent · Wallet · Insurance
Bonuses
Signup bonus₹4,000₹500

Frequently asked questions

Which card has the lower annual fee?
IDFC FIRST HPCL Power+ Credit Card has the lowest annual fee at ₹499.
Which card earns more on moderate spend?
IDFC FIRST HPCL Power+ Credit Card leads with an estimated ₹2,260/yr net annual value on moderate spend.
Which card has the lower income requirement?
IDFC FIRST HPCL Power+ Credit Card lists a minimum monthly income of ₹20,000.
Does this comparison pull my credit score?
No. CardHungry estimates net value from public fee and reward rules only — no bureau check.

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