IDFC Bank Launches NEW Ashva and Mayura Credit Cards

IDFC First Bank, known for its innovative range of credit cards, including many that are lifetime-free, is set to expand its portfolio with the launch of two new credit cards: Ashva and Mayura. The Ashva Credit Card is positioned as a mid-range option, while the Mayura Credit Card caters to the premium segment. Both cards will be available in metal and plastic variants, offering customers a choice of material.

Here’s a quick overview of the known features of both the cards.

IDFC First Ashva Credit Card

The IDFC First Ashva Credit Card has a reasonable joining fee and attractive benefits, such as a low Forex charge of 1%. Let’s examine the features offered by this card.

• Joining/Annual Charges – ₹2,999 + GST
• Upto 10X Rewards on Incremental Spends Above ₹20,000
• Low Forex Markup Charges of 1%
• Buy One Get One on BookMyShow Upto ₹400 Twice Each Month. Yearly Savings of ₹9,600.
• Card Replacement Charges (Metal Variant) – ₹1,500
• Complimentary Railway Lounge Access Across India.
• Free Domestic and International Lounge Access.
• Maximum Fuel Surcharge Waiver of 1% Upto ₹400 on Transaction Value Between ₹200 and ₹5,000
• Ashva Card Shall be Available on Visa Infinite and Hence Carry Additional Benefits.

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IDFC First Mayura Credit Card

The IDFC First Mayura Credit Card is considered one of the bank’s premium offerings. It will be available on Mastercard World. Here are some of its known features.

• Joining/Annual Charges – ₹5,999 + GST
• Upto 10X Rewards on Incremental Spends Above ₹20,000
• Zero Forex Markup Charges
• Buy One Get One on BookMyShow Upto ₹500 Twice Each Month. Yearly Savings of ₹12,000.
• Complimentary Railway Lounge Access Across India.
• Free Domestic and International Lounge Access.
• Card Replacement Charges (Metal Variant) – ₹3,500
• Maximum Fuel Surcharge Waiver of 1% Upto ₹500 on Transaction Value Between ₹200 and ₹5,000

Add-on credit cards for both Ashva and Mayura can be applied after 1st October 2024.

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Our Take on Ashva and Mayura Credit Cards

Many are quite hopeful that both the Ashva and Mayura Credit Cards will be highly rewarding. The information about the features and benefits of these cards seems promising. Both these cards have an Indian theme as opposed to other credit cards. These shall also be priced higher than all other IDFC First Cards except First Private and Vistara IDFC First Credit Cards. It’s interesting to note that “Ashva” means horse in Sanskrit, and “Mayura” means peacock. These symbolic names hint at the cards’ unique features.

Share your thoughts in the comments below.