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IDFC First Bank Mayura Super Premium Credit Card & Ashva Premium Credit Card (Both Metal Cards) Launched

Yes my mistake. I was trying to add money in amazon pay wallet by using credit card
Kirron Kher Bollywood GIF
 
Do we get the Cashback only when the card fee is paid ?

Or without paying card fee and doing 4*₹500 & 4*₹1000 transactions will give the cashback ??
I have done eligible txns on both Ashva and Mayura and paid fees only to Mayura. Cashback is also received for Mayura only. As I haven't paid Ashva fees and bill not generated for Ashva I have not got cashback for Ashva.
 
I have done eligible txns on both Ashva and Mayura and paid fees only to Mayura. Cashback is also received for Mayura only. As I haven't paid Ashva fees and bill not generated for Ashva I have not got cashback for Ashva.
It means we have to pay fees, then only they are crediting cashback.
 
I have done eligible txns on both Ashva and Mayura and paid fees only to Mayura. Cashback is also received for Mayura only. As I haven't paid Ashva fees and bill not generated for Ashva I have not got cashback for Ashva.
How many days after transactions have you received cash back? I have neither received cashback nor points yet. Just paid fees yesterday.
 
IDFC First Bank has launched two metal Super Premium/ Premium credit cards:

- Mayura Metal Credit Card (Weight - 17gm)
- Ashva Metal Credit Card (Weight - 12gm)


Mayura Metal Credit Card:
Mayura is a super premium metal credit card launched from IDFC first bank inspired by most elegant bird, the peacock is a symbol of luck, poise, and beauty.
View attachment 65698

Joining Benefits:

- Limited time joining benefit of 10000 points on Joining fee payment before August 31st 2024.
- For every transaction above ₹1,000, you receive ₹1,000 as cashback, up to a maximum of four times. Valid for the first 60 days after the virtual credit card is generated. The cashback will be credited upon paying the joining fee. (Excluded transactions: Cash withdrawals, fees, charges and GST, and transactions made via the FIRST Digital Credit Card associated with the Mayura Credit Card)

Main Benefits:
- 0% Forex Markup fees on International Transactions.
- BOGO on Bookmyshow up to 2 tickets and capping of 500 per ticket.
- Avail 1% Fuel Surcharge Waiver up to ₹500 in a statement cycle at all fuel stations across India on transactions between ₹200 & ₹5,000.
- No Interest on Cash withdrawl
- Up to 4 complimentary visits per quarter (domestic and international) including 1 complimentary visit per quarter for accompanying guest to select Indian airport lounges. The guest visit will be a part of the overall Indian airport lounge access benefit. (**Spend ₹20,000 in the current calendar month to avail the benefit in the next month).
- Free Trip Cancellation Cover: For Any Reason cover, you can cancel flight and hotel bookings and avail a reimbursement of up to ₹50,000 twice a year.
- 4 complimentary visits to lounges per quarter at select Indian railway terminals.
- Avail up to two (2) complimentary golf rounds or golf lessons every month for every ₹20,000 of monthly statement spends using your Mayura Credit Card.
- Complimentary Road Side Assistance.
- Mastercard World Privileges (Meet and Greet Airport Services, Limo Service Airport Pick up and Drop - **Some clarity needed on this will be updated)

Reward System:
- 10 reward points for incremental spends above ₹20,000 in a statement cycle and on your birthday and 5 reward points on spends till ₹20,000 in a statement cycle.
- 3 reward points on Education, Wallet Load, Government, Rent and Property Management/Purchase transactions. 1 reward point on utilities and insurance transactions. Spends in these categories will not be considered for 10X monthly milestone.
- Reward points will not be given on spends converted to EMI, Cash Withdrawal, Fuel, Fee and Charges.

Reward Points Value:
- 1 reward point is given for every ₹150 spent in a transaction. Value of 1 reward point is ₹0.25.
- All the rewards points never expire.

Fee Structure:
- Joining Fees: 5999 + GST = 7078.82 with Joining Benefits
- Annual Fees: 5999 + GST = 7078.82 (No Annual Benefits)
- Add on Card charged ( Metal Variant: ₹4000 & Plastic Variant: ₹3000 & Annual Fee: ₹2000 for both variants)

Eligibility:
25 Lakhs annual Income for fresh applications and for existing IDFC Credit Card holders approval based on profile check and it's open to apply. Can be applied from below link.



ASHVA Metal Credit Card:
Ashva is a premium metal credit card launched from IDFC first bank inspired by: In the era of Indian royalty, horses or Ashva, were symbols of pride and
revered for their prowess.
View attachment 65701

Joining Benefits:

- Limited time joining benefit of 5000 points on Joining fee payment before August 31st 2024.
- For every transaction above ₹500, you receive ₹500as cashback, up to a maximum of four times. Valid for the first 60 days after the virtual credit card is generated. The cashback will be credited upon paying the joining fee. (Excluded transactions: Cash withdrawals, fees, charges and GST, and transactions made via the FIRST Digital Credit Card associated with the Mayura Credit Card)

Main Benefits:
- 1% Forex Markup fees on International Transactions.
- BOGO on Bookmyshow up to 2 tickets and capping of 400 per ticket.
- Avail 1% Fuel Surcharge Waiver up to ₹400 in a statement cycle at all fuel stations across India on transactions between ₹200 & ₹5,000.
- No Interest on Cash withdrawl
- Up to 4 complimentary visits per quarter for domestic and 2 complimentary international lounge access including 1 complimentary visit per quarter for accompanying guest to select Indian airport lounges. No guest access benefit. (**Spend ₹20,000 in the current calendar month to avail the benefit in the next month).
- Free Trip Cancellation Cover: For Any Reason cover, you can cancel flight and hotel bookings and avail a reimbursement of up to ₹25,000 twice a year.
- 4 complimentary visits to lounges per quarter at select Indian railway terminals.
- Avail up to two (2) complimentary golf rounds or golf lessons every month for every ₹20,000 ofmonthly statement spends using your Ashva Credit Card.
- Complimentary Road Side Assistance.
- Discounted rates for Airport Meet and Greet, Concierge services from Visa Infinite.

Reward System:
- 10 reward points for incremental spends above ₹20,000 in a statement cycle and on your birthday and 5 reward points on spends till ₹20,000 in a statement cycle.
- 3 reward points on Education, Wallet Load, Government, Rent and Property Management/Purchase transactions. 1 reward point on utilities and insurance transactions. Spends in these categories will not be considered for 10X monthly milestone.
- Reward points will not be given on spends converted to EMI, Cash Withdrawal, Fuel, Fee and Charges.

Reward Points Value:
- 1 reward point is given for every ₹150 spent in a transaction. Value of 1 reward point is ₹0.25.
- All the rewards points never expire.

Fee Structure:
- Joining Fees: 2999 + GST = 3538.82 with Joining Benefits
- Annual Fees: 2999 + GST = 3538.82 (No Annual Benefits)
- Add on Card charged ( Metal Variant: ₹2000 & Plastic Variant: ₹1500 & Annual Fee: ₹1000 for both variants)

Eligibility:
12 Lakhs annual Income for fresh applications and for existing IDFC Credit Card holders approval based on profile check and it's open to apply. Can be applied from below link.


Any user can apply for both the credit cards based on the profile and immediately card details will be displayed on the App and Net banking. I have applied for Mayura card and it's approved. My choice was for BMS BOGO, 0% Forex Markup, Joining Benefits and my love for metal credit cards.

View attachment 65706

Annual Benefit:

Annual benefit for IDFC Mayura Credit Card (Annual Fee Payment Benefit: Spend minimum ₹8Lakhs in the previous card anniversary year and get 7,500 Reward Points (worth₹1875) (Or) Spend minimum ₹15 Lakhs in the previous card anniversary year and get 15,000 Reward Points(worth ₹3750).

Annual benefit for IDFC Ashva Credit Card (Annual Fee Payment Benefit: Spend minimum ₹8 Lakhs in the previous card anniversary year and get 7,500 Reward Points (worth ₹1875).

Overall Verdict:

IDFC launched cards just to fill the void of the paid metal cards in their portfolio. There are no super premium nor premium benefits on these cards, but the name and legacy they used is watchable to promote Indian names. At this price point they have maintained spend base access to Lounges, Golf, Spa etc.. and reward rate is not also good at this price point. Recommended only for Joining benefits.
They offer most/similar of these benefits with their LTF wealth card as well. Not sure what was the point of introducing these cards?
 
Finally, Both the cards with DF cards were delivered. Applied Both on 24th Aug
Ashva- Yesterday Mayura & 2 DF cards - Today
Mayura feels and looks more premium than Ashva. The engraving on the card makes a huge difference with the weight. But DF cards are very cheap compared to other bank DF cards.
View attachment 66703


View attachment 66704
Yes ICICI DF cards seems little better.
 
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