IDFC FIRST Bank introduced the Mayura and Ashva credit cards about a year ago as premium paid variants. Initially quieter in the market, recent enhancements—most notably accelerated rewards and a doubled point value for travel redemptions—have significantly improved the Mayura’s appeal.
Below is a concise, updated guide to the IDFC FIRST Bank Mayura credit card in its current form.
Table of Contents
- Overview
- Joining Fees
- Design
- Rewards
- Lounge Access
- Golf Benefit
- Forex Markup
- Other Benefits
- How to Apply?
- Bottomline
Overview
| Type | Premium Credit Card |
| Reward Rate | 0.8% – 20% |
| Best for | Travel spends |
| USP | 0% Forex markup |
The reward structure is tiered: lower for light spenders but improving substantially for higher monthly spends. With 2X point value on travel redemptions, the effective reward on travel can rival top-tier premium cards.
Joining Fees
| Joining Fee | ₹5,999 + GST |
| Welcome Benefit | ₹1,000 cashback × 4 (on qualifying spends) |
| Renewal / Annual Fee | ₹5,999 + GST |
| Renewal Benefit | 7,500 RP (value depends on redemption) and 15,000 RP milestones |
| Renewal Fee Waiver | None |
To receive the welcome cashback, you must complete four transactions of ₹1,000 or more within the first 60 days. Renewal benefits are structured to reward higher annual spenders.
Design
The Mayura card is a metal card and carries the weight and premium feel typical of metal variants. The design includes several distinct elements that give it a collectible, premium look, even if the color may not appeal to everyone.
Rewards
| Spend Type | Rewards | Reward Rate (Regular) | Reward Rate (Travel) |
|---|---|---|---|
| Offline | 5 RP / ₹150 (5X) | 0.8% | 1.66% |
| Online | 5 RP / ₹150 (5X) | 0.8% | 1.66% |
| Spends > ₹20,000 (per statement) | 10 RP / ₹150 (10X) | 1.66% | 3.33% |
| Flights (on app) | 30 RP / ₹150 (30X) | 5% | 10% |
| Hotels (on app) | 50 RP / ₹150 (50X) | 8.3% | 16.66% |
| UPI (Digital RuPay) | 3 RP / ₹150 (3X) | 0.5% | 1% |
- Points do not expire.
- Point value: Regular 1 RP = ₹0.25; Travel redemption 1 RP = ₹0.50.
- Earning rate: 1 RP per ₹150 (previously 1 RP per ₹100).
- Redemption fee: ₹99 + GST.
- Redemption cap: 300,000 points per year and 150,000 points per month.
Bookings for flights and hotels made via the bank’s “Travel & Shop” section on the IDFC FIRST Bank app earn the boosted travel rewards listed above. The travel redemption option that doubles point value makes the card especially attractive for frequent travelers who redeem points for travel bookings.
Digital RuPay Card details:
- The digital RuPay card is linked to an existing IDFC FIRST Bank credit card.
- Spends on the digital card count toward the 10X milestone and annual fee calculations.
Additional terms:
- Insurance and utilities: 1 RP per ₹150 (roughly 0.20%).
- Rent, government payments, wallet loads and education: 3 RP per ₹150 (0.50%).
- These categories do not contribute to the 10X calculations.
- Certain utility MCCs earn 1X instead of bonus multipliers.
- Some commercial spends may be subject to separate fees.
- Spends are limited by the available credit limit for the billing month.
Lounge Access
| Access Type | Access Via | Access Limit |
|---|---|---|
| Domestic airport lounges | Direct | 4 per quarter |
| Domestic railway lounges | Direct | 4 per quarter |
| International lounges | DreamFolks | 4 per quarter |
Domestic lounge access includes one complimentary guest access per quarter. Note: to qualify for lounge access in the next month, a minimum monthly spend of ₹20,000 in the current month is required. This spend condition may be restrictive for cardholders who do not maintain consistent monthly outlays.
Golf Benefit
- Complimentary golf rounds: up to 2 per month (games and lessons).
- Benefit unlocks based on monthly spend.
Spending thresholds of ₹20,000 or ₹40,000 in a billing cycle unlock one or two complimentary rounds respectively. Earned rounds become redeemable from the 1st of the following month and remain available for redemption for up to 60 days.
Forex Markup
- Forex markup fee: 0%
- Reward rate on travel redemptions: up to 3.3% effective on foreign spends
- Net gain on forex transactions: approximately 3.3%
With no forex markup and strong travel rewards on foreign transactions, the Mayura stands out as a competitive choice for international travelers.
Other Benefits
- Movie offer: Buy one get one free on movie tickets up to ₹500, twice a month.
- Complimentary roadside assistance (RSA) included (valued at approximately ₹1,399).
- Trip cancellation cover: up to ₹50,000 for up to two claims on hotel and flight bookings per year.
- Fuel surcharge waiver: 1% up to ₹300 per statement cycle on fuel transactions between ₹200 and ₹5,000.
- Interest-free cash withdrawal period up to 45 days (withdrawal fee applies: ₹199 + GST, up to ₹10,000 per transaction).
- Revolving interest rates are relatively lower than some competitors (typically in the 20–24% p.a. range).
Roadside assistance is a helpful addition for occasional emergencies. The interest-free ATM withdrawal window is convenient but comes with fees and limits that effectively raise the cost of cash withdrawals.
How to Apply?
Applications can be completed online. Approval often happens quickly after KYC verification; some applicants report card delivery within a few days of approval.
Bottomline
- Cardexpert Rating: 4.5/5
The IDFC FIRST Bank Mayura credit card has become one of the more rewarding premium cards in the market following recent updates. Its travel-focused reward enhancements and 0% forex markup make it especially appealing to frequent travelers who can meet the spend requirements to unlock higher reward tiers and benefits.
If IDFC adds airline or hotel transfer partners in the future, the Mayura could strengthen its position as a top all-round premium credit card.
If you hold the IDFC FIRST Mayura credit card, feel free to share your experience in the comments.