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IDFC FIRST Ashva Credit Card: A Metal Card with All-rounder Benefits

Home IDFC First Bank IDFC FIRST Ashva Credit Card: A Metal Card with All-rounder Benefits
Updated: 28-10-2024 06:09:40 AM

IDFC FIRST Ashva Credit Card comes as a premium metal card with overall benefits spanning across spending categories. Targeted towards high-net-worth individuals, this card offers accelerated rewards with travel and lifestyle benefits to its cardholders. Though a wide-range of features and benefits are available, some of its major benefits, like 10X rewards, complimentary lounge access and golf benefits, can only be availed and maximised if you satisfy the associated spend-based conditions. Read on to know all about IDFC FIRST Ashva Credit Card features and benefits.

IDFC FIRST Ashva Credit Card Overall Rating: ★★★ (3/5)

IDFC FIRST Ashva Credit Card
Rewards Program ★★★ (3/5)
Travel Benefits ★★★ (3/5)
Lifestyle Offers ★★★ (3.5/5)

IDFC FIRST Ashva Credit Card offers up to 10X rewards on your spends which appears to be quite a good reward rate. But this rewards rate can only be unlocked on spends above Rs. 20,000 monthly spends. Moreover, with a redemption ratio of 4:1, the maximum rewards value-back turns out to be just 1.67% which is quite low for a card in this range.

Apart from the rewards, you get a decent number of complimentary airport lounge access if you make a minimum of Rs. 20,000 spends in the previous month, which is manageable for an average spender. However, you would have to spend double this amount every month in order to maximise the golf benefits. On the other hand, the lifestyle benefits given to the Visa cardholders are quite good and align with the premium status of this IDFC FIRST credit card as they let you enhance your travelling experience and overall comfort. Other card features, like movie discounts, railway lounge access, low forex mark-up of 1% and extensive insurance coverage, further add-on to the total value-back on your lifestyle-related expenses.

Video: Quick Review of IDFC FIRST Ashva & Mayura Credit Cards

Note: Details mentioned in the video have been sourced from the issuer’s website as of August 2024. For updated information, refer to this page.

On this page
IDFC FIRST Ashva Credit Card: Rewards Program
IDFC FIRST Ashva Credit Card: Other Features & Benefits
Should You Get IDFC FIRST Ashva Credit Card?
IDFC FIRST Ashva Credit Card: Fees & Charges
IDFC FIRST Ashva Credit Card: Eligibility Criteria

IDFC FIRST Ashva Credit Card: Rewards Program

The rewards benefits offered to the IDFC FIRST Ashva cardholders are as follows:

10X Rewards: On spends above Rs. 20,000 in a statement cycle and on birthday spends
5X Rewards: On spends below Rs. 20,000 in a statement cycle
3X Rewards: On spends worth Rs. 2,000 or more made via FIRST Digital Credit Card, rent, wallet load, education, and government spends
1X Rewards per Rs. 150 spent: On spends worth below Rs. 2,000 made via FIRST Digital Credit Card, utilities, and insurance spends

Rewards Redemption

Redemption Value: 1 Reward Point = Rs. 0.25
Redemption Fee: Rs. 99 + GST, levied on every rewards redemption against vouchers or on adjustment against payment for select online and offline transactions

Points to Note Regarding the IDFC FIRST Ashva Rewards Program:

  • Spends Excluded from 10X Reward Points Calculation: 3X and 1X rewards category spends, except FIRST Digital Credit Card transactions.
  • Exclusions from Rewards Program: Spends made on fuel, cash withdrawals, transactions converted into EMIs, fees and charges with corresponding GST, loan on card, balance transfers, and transactions worth below Rs. 150.
  • A separate rewards account is going to be created for Ashva credit card users.
  • Both primary and add-on card members can earn rewards, but only primary cardholders can redeem them

IDFC FIRST Ashva Credit Card: Other Features & Benefits

Welcome Benefits Worth up to Rs. 2,000

Rs. 500 cashback on each of the 4 transactions worth Rs. 500 or more that are made within 60 days of card generation. Here, the earned cashback is going to be credited only after the joining fee payment.

Excluded Transactions: Fees and charges with GST, cash withdrawals and transactions made using FIRST Digital credit card associated with IDFC FIRST Ashva.

Complimentary Lounge Access

Airport Lounge Access
  • Up to 16 complimentary visits to select domestic airport lounges and spas in India in a year, maximum 4 per quarter
  • Up to 8 complimentary visits to select international/overseas airport lounges in a year, maximum 2 per quarter
  • Cardholders must spend at least Rs. 20,000 in the previous month to avail airport lounge benefits in the next month
Railway Lounge Access

Up to 16 complimentary visits to railway lounges at select Indian Railway terminals, maximum 4 per quarter. Cardholders can also use their complimentary access quota to bring in 1 guest with a valid train ticket along with them to the railway lounge without paying any extra charges.

Visa Infinite Privileges

  • Airport Meet and Greet Services: Discount offers on airport meet and greet and fast-track immigration services at 450+ destinations globally
  • Airport Transfer Offers: Discount deals on limousine services for airport transfers in 3,000+ cities across 83 countries
  • Concierge Services: Personalised assistance for your travel needs, including bookings for flights, staycations, activities and dining.
  • Luxury Hotel Benefits: Premium benefits on 900+ luxury hotels worldwide, including exclusive discounts, complimentary breakfast and in-room Wi-Fi, automatic room upgrade, 3 p.m. check-out upon request, and much more.

Golf Benefits

IDFC FIRST Ashva cardholders can avail up to 24 golf rounds/lessons per year, maximum 2 every month. Here, you get 1 complimentary round/lesson on reaching monthly spends worth Rs. 20,000 and 2nd round/lesson on reaching monthly spends worth Rs. 40,000 in the previous statement cycle.

Comprehensive Insurance Benefits

Insurance Cover Value
Air Accident Cover* Rs. 1 crore
Personal Accident Cover* Rs. 10 lakh
Lost Card Liability Cover* Rs. 50,000
Loss of Checked-in Baggage USD 500
Delay of Checked-in Baggage USD 100
Delay in Flight & Loss of Passport/Other Documents USD 300 each
Roadside Assistance Rs. 1,399

*Valid only if you have made at least 1 card transaction in the last 30 days.

Other Benefits

Movie Benefits: Buy one and get up to Rs. 400 off on the 2nd movie ticket on BookMyShow website or app, twice every month. Valid till 25 March 2025.

Renewal Benefit: 7,500 Reward Points worth Rs. 1,875 on paying the annual fee and if your annual spends in the previous year are worth Rs. 8 lakh or more.

Free Trip Cancellation Protection: Reimbursement of up to Rs. 25,000 on flight or hotel booking cancellation on non-refundable portion of the booking value, twice a year

Low Forex Mark-up: 1% mark-up fee on international spends, including international transactions made in Indian currency

Fuel Surcharge Waiver: 1% surcharge waiver, up to Rs. 400 per month, on all fuel spends worth Rs. 200 to Rs. 5,000

Should You Get IDFC FIRST Ashva Credit Card?

IDFC FIRST Ashva card offers benefits across different lifestyle categories, like travel, shopping, movies and golf. But you can only maximise your savings if you are able to meet the spending conditions applicable on various benefits, like renewal benefit, lounge access, golf benefits and accelerated rewards rate.

Opt for this card if:

  • You are a high net-worth individual
  • You can meet the spending conditions to maximise the card benefits
  • You travel frequently
  • You like to shop at domestic as well as international merchants
  • You want a rewards credit card

Look for other card options if:

  • You prefer to get cashback or brand discounts over reward points on your spends
  • You are an average spender
  • You want a card with benefits targeted towards a specific category, brand or platform
  • You want a rewards card with better redemption ratio
  • You can not meet the spend-based conditions that are applicable on some of Ashva card’s features

IDFC FIRST Ashva Credit Card: Fees & Charges

Fee Type  Amount Details
Joining/Annual Fee Rs. 2,999
Add-on Card Fee Joining Fee:
Metal Variant – Rs. 2,000
Plastic Variant – Rs. 1,500Annual Fee: Rs. 1,000
Finance Charges 0.75% to 3.99% p.m. (9% to 47.88% p.a.)
Forex Mark-up Fee 1%
Late Payment Charges 15% of total amount due as per the previous statement minus any payments received before the due date (subject to a min. of Rs. 100)

Click here for the detailed terms and conditions on fees and charges applicable on IDFC FIRST Ashva Credit Card.

IDFC FIRST Ashva Credit Card: Eligibility Criteria

Eligibility Criteria Details
Occupation Salaried or Self-employed
Minimum Annual Income Rs. 12 lakh or above
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