IDFC Bank has upgraded its premium metal credit cards—Ashva and Mayura—with improved benefits that significantly boost their value. The revamp includes accelerated reward points and enhanced redemption rates, especially for travel and hotel bookings made through the IDFC First Bank Travel & Shop portal.

These updates make both cards more appealing for frequent travelers, offering better returns that help justify their annual fees.

Travel & Shop Now More Rewarding

Since the introduction of the Travel & Shop section in the IDFC FIRST Bank mobile app, the platform has gained popularity for its attractive rates and deals. Now, Ashva and Mayura cardholders can earn bonus reward points on flight and hotel bookings through this portal.

In addition to these bonus points, the value per reward point has been increased, giving users more value for their redemptions.

Accelerated Rewards for High Spenders

Users who spend ₹20,000 or more in a billing cycle unlock even higher reward rates. For instance, Ashva cardholders spending above this threshold can now earn 60 reward points per ₹150 spent, translating into a reward rate of up to 20% on travel bookings.

These accelerated rewards are credited in addition to the base reward rate, significantly enhancing overall value.

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Key Terms & Conditions

• Bonus Reward Points apply only to full payment transactions (Cash + Points payments are not eligible).
• These bonus points will be credited by the 5th of the following month, after completion of travel or hotel check-in.
• Only full swipe transactions made using the Ashva or Mayura Credit Cards qualify for bonus points.
• Reward points can be used to pay up to 70% of the booking amount (including taxes); the remaining 30% must be paid using the same credit card.

Improved Redemption Value

With the latest revision, the redemption value for reward points has been increased to ₹0.40 for Ashva and ₹0.50 for Mayura—a refreshing change amid an industry trend of benefit reductions. Additionally, users can earn up to 50X Bonus Reward Points on eligible travel spends via the IDFC FIRST Mobile App.

When combined with ongoing promotional discounts, this can lead to significant savings on travel costs.

Is It Worth It?

While these enhancements may not fully offset the annual fee from the second year onward, they certainly increase the card’s value proposition. For those seeking a premium metal card experience at a reasonable fee, the Ashva Credit Card presents a compelling choice.

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