For discerning Indians who seek exclusivity and fine living, IDFC First Bank offers two premium metal credit cards—Ashva and Mayura.
These special cards, in addition to the usual card benefits, allow you entry into airport lounges worldwide, provide golfing privileges, and offer movie ticket offers.
Read on to understand eligibility, fees, and the application process to acquire these status symbols for your wallet.
Credit Card Eligibility
IDFC First Bank assesses eligibility based on income, credit score and credit card limits before approving metal card applications. Typically, you require:
● Annual income greater than ₹15 lakhs
● Minimum Age must be 18 years.
● Minimum credit score of 750
Besides financial eligibility, lifestyle aspects like frequency of international holidays, airline miles accumulated, and expense patterns across luxury categories also matter.
Fees
Owning a rare metal credit card family does come at a cost. IDFC First Bank charges one-time joining and annual renewal fees for the Ashva and Mayura cards as follows:
● Joining fee – ₹2,999 + GST
● Annual fee – ₹2,999 + GST
● Joining fee – ₹5,999 + GST
● Annual fee – ₹5,999 + GST
While the fees are steep, the cards offer substantial returns, provided you spend over ₹6-8 lakhs annually on shopping, travel, and entertainment. You effectively utilise the higher rewards points, domestic lounge access, and other privileges.
Minimum Spend Requirements
Banks mandate minimum yearly spending thresholds for such premium cards to justify the privileges offered. For its metal cards, IDFC expects you to spend:
● Ashva Card – Minimum ₹3 lakhs per year
● Mayura Card – Minimum ₹6 lakhs per year
Failure to meet these criteria can result in withdrawn cards, so analyse your lifestyle and expense patterns before applying.
Key Features and Benefits
IDFC First Bank’s metal cards offer the following useful benefits:
● Higher reward points – Get 10x points on your birthday and also on spending above ₹20,000 per billing cycle
● Low forex markup – Only 1% on international usage for Ashva. Zero markup with the Mayura card!
● Domestic lounge access – Allowed 4 times per quarter with Ashva and unlimited with Mayura.
● Golf program – Complimentary golf lessons and rounds with a Mayura card
● Movie ticket discount – Buy 1, get 1 free for up to 4 monthly movie tickets via BookMyShow.
Application Process
Here are the steps to apply for IDFC First Bank metal credit cards:
1. Visit www.idfcfirstbank.com and navigate to the credit cards section
2. Select your preferred variant – Ashva or premium Mayura
3. Start the online application form and provide income, identity, and contact details accurately
4. Submit your application on the website
5. If eligible, you will receive an approval over email/phone within 2 weeks
6. On approval, pay the card fee and complete the activation process
7. You can start using the feature-rich metal card once activated!
