IDFC FIRST Ashva Credit Card
Travel
Lounge Access
Movies
Reward Points
1st Year Fee: ₹2,999* Plus Applicable Taxes
Rewards
Up to 10X rewards on every spend
Travel
Low foreign exchange markup fee of 1%
Lounge Access
Up to 16 domestic lounge visits per year
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About IDFC FIRST Ashva Credit Card
IDFC FIRST Ashva Credit Card is a semi-premium metal card that offers benefits across multiple spending categories, including travel, shopping, entertainment, and more. The card offers up to 10X reward points on your spends, which appears to be quite a good reward rate. However, this rate is applicable only on spends above Rs. 20,000 every month. Moreover, with a redemption ratio of 4:1 (1 RP = Rs. 0.25), the maximum value back turns out to be just 1.66%, which is relatively low for a card in this segment.
Targeted towards high-net-worth individuals, this card primarily offers travel and lifestyle benefits. Apart from rewards, you get complimentary airport lounge access on spending a minimum of Rs. 20,000 in the previous month, which is easily achievable for an average spender. However, to maximize the golf benefits, you need to spend double this amount each month.
Rewards & Travel Benefits
Rewards Program
- 10X reward points on spends above Rs. 20,000 in a statement cycle and on birthday spends1
- 5X reward points on spends below Rs. 20,000 in a statement cycle2
- 3X reward points on spends worth Rs. 2,000 or more made via FIRST Digital Credit Card, rent, wallet load, education, and government spends
- 1X reward points on spends below Rs. 2,000 made via FIRST Digital Credit Card, utilities, and insurance spends
- 1X Reward Point = 1 reward point for every Rs. 150 spent
- Redeem reward points at a value of 1 Reward Point = Rs. 0.25
Other Features & Benefits
Welcome Benefits
- Rs. 500 cashback on each of the 4 transactions worth Rs. 500 or more that are made within 60 days of card generation
- 2,500 bonus reward points on the successful delivery of Ashva Credit Card6
Golf Benefits
- Up to 24 golf rounds/lessons per year, maximum 2 every month
- 1st complimentary round/lesson on reaching monthly spends worth Rs. 20,000
- 2nd complimentary round/lesson on reaching monthly spends worth Rs. 40,000 in the previous statement cycle
Fees and Charges
| Fee Type | Amount |
|---|---|
| Joining Fee | Rs. 2,999 + Applicable Taxes |
| Annual Fee | Rs. 2,999 + Applicable Taxes |
| Finance Charges | 0.75% to 3.99% p.m. (9% to 47.88% p.a.) |
| 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) |
Things to Know Before you apply
Get this card if
You can spend Rs. 8 Lakh every year to maximize the card’s benefits
You travel frequently and are looking for an all-rounder credit card
You want a premium credit card with decent lifestyle benefits
You can spend over Rs. 20,000 every month to earn accelerated rewards
Eligibility Criteria
Age: 21 to 65 years
Occupation: Salaried or Self-employed
Income Requirement: Rs. 12 LPA and above
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What do we like about this card?
IDFC FIRST Ashva Credit Card is a semi-premium all-rounder credit card that offers benefits across various lifestyle categories, like travel, shopping, movies, golf, and more. Cardholders can save on their travel spends through complimentary international and domestic lounge visits, a low forex markup fee of 1%, and exclusive benefits at The Postcard Hotels. Besides this, complimentary golf rounds, trip cancellation protection, and exclusive Visa Infinite privileges further enhance the card’s overall value for frequent travellers.
Pros
- Complimentary domestic and international lounge access
- Accelerated rewards on rent, wallet loads, education, and government payments
- Low foreign exchange markup fee of 1%
- Free trip cancellation protection of up to Rs. 25,000
- Access to premium Visa Infinite privileges
Cons
- High annual fee of Rs. 2,999 with no waiver option
- Lounge access and golf benefits are spend-based
- Lower reward redemption value of 1 RP = Rs. 0.25
- No reward points on fuel and EMI payments
Conclusion
IDFC FIRST Ashva Credit Card is a suitable choice for consumers who frequently travel and are looking for an all-rounder credit card. Premium travel benefits like complimentary lounge visits, low forex markup fee, exclusive privileges at premium hotels, free movie tickets, and complimentary golf games make this card a strong option for frequent travellers. However, the card falls short when it comes to the rewards program. While cardholders can earn up to 10X reward points on their spends, the low redemption value of 1 RP = Rs. 0.25 limits the maximum value back to around 1.66%, which is relatively low—especially considering the card’s annual fee of Rs. 2,999.
Frequently Asked Questions
Everything you need to know about this credit card
You can apply for this credit card online by visiting the official website of IDFC FIRST Bank and submitting a duly filled application form along with the relevant documents. Besides this, you can also visit any of the bank’s nearest branches and speak to an executive about the offline application process.
No, you cannot earn reward points on fuel spends with this credit card. However, you can save up to Rs. 300 per month on fuel transactions through a 1% fuel surcharge waiver on spends between Rs. 200 and Rs. 5,000.
Yes, the following categories are excluded from earning 10X reward points: education, wallet loads, government payments, rent and property management/purchase transactions, utilities, insurance, EMIs, cash withdrawals, fuel, and fees & charges.
The joining and annual fee for IDFC FIRST Ashva Credit Card is Rs. 2,999. However, you can earn welcome benefits worth Rs. 2,000 by earning Rs. 500 cashback on each of the 4 transactions worth Rs. 500 or more, made within 60 days of card generation.
Yes, the card offers up to 16 complimentary visits per year to select domestic airport lounges and spas in India, and up to 8 complimentary visits to international airport lounges per year. However, these benefits can be availed only if you spend Rs. 20,000 in the previous month.
The reward points earned on this credit card do not expire, meaning they remain valid as long as your credit card is active.
Footnotes
- 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.
- Cardholders must spend at least Rs. 20,000 in the previous month to avail airport lounge benefits in the next month.
- Cardholders must spend Rs. 20,000 in the current month to access railway lounge benefits in the following month.
- This offer is applicable from 10th March, 2025 to 10th February, 2027 and can be availed every quarter using promo code: IDFCVIP.
- This is a limited period offer.
- This is valid only if you have made at least 1 card transaction in the last 30 days.
Click here to know More Terms and Conditions
Shruti Sharma
Shruti Sharma is a skilled content writer with a passion for simplifying personal finance for consumers. Specializing in credit cards and financial planning, she offers valuable insights that empower individuals to make informed financial choices. Through her writing, she shares practical tips and guides readers through the nuances of credit card usage.
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