Verified by CardAgent admin · last checked 08 Jul 2026
IDFC First Bank

IDFC First Ashva Metal Credit Card

30
Ranked #88 of 170 in credit
creditVisaSemi-Premium (Metal)

IDFC First's semi-premium metal travel card recently hit by multiple significant 2026 devaluations — international reward rate halved, lounge access newly spend-gated, and points now expiring — substantially reducing its value proposition versus when it first launched.

Score breakdown

Data completeness: 100% · Last verified: 09 Jul 2026

Reward value10/100 · weight 71%
0.47% effective on the standard basket (eligible spend only)
Wide-coverage rewards: +4.2% score bonus — earns broadly without narrow category restrictions.
Fee efficiency76/100 · weight 12%
Redemption flexibility75/100 · weight 9%
Perks85/100 · weight 9%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee
2,999 + 18% GST
= ₹3,539 total
Annual fee
2,999 + 18% GST
= ₹3,539 / year total
Waiver: No waiver option (per Paisabazaar)
Forex markup
1%

Lounge access

Domestic (per year)
16
International (per year)
8

Reward structure

CategoryTypeRateCapNotes
online_spendspoints0.75%(3 pts @ ₹0.25)
diningpoints0.75%(3 pts @ ₹0.25)
travelpoints0.75%(3 pts @ ₹0.25)
groceriespoints0.75%(3 pts @ ₹0.25)
fuelpoints0.25%(1 pts @ ₹0.25)
all_spendspoints0.27%(0.67 pts @ ₹0.40)1X base = 1pt/Rs150; up to 10X on spends above Rs20,000/cycle

Welcome offer

Rs2,000 welcome benefit: Rs500 cashback on each of 4 transactions of Rs500+ within 60 days

Milestone benefits

Pros

  • Low 1% forex markup
  • access to 900+ luxury hotels with automatic upgrades via Postcard Hotels tie-up
  • BOGO movie/dining perks
  • meet-and-greet airport service (conditional)
  • free trip cancellation protection Rs25,000

Cons

  • MULTIPLE 2026 DEVALUATIONS: international reward rate cut 10X→5X (Jan 2026)
  • lounge access now requires prior-month Rs20,000 spend (Jun 2026, previously unconditional)
  • no fee waiver option
  • effective redemption value only ~1.66% despite "up to 40X" headline
  • reward points now expire after 24 months (previously lifetime, per Jun 2026 MITC update)

What's inside

More benefits

  • Postcard Hotels discount

    5,000

    Flat Rs5,000 discount on minimum Rs25,000 booking at Postcard luxury hotels, once/quarter

    Cap ₹20,000 / quarterly. Promo code IDFCVIP, min Rs25,000 booking

  • Airport meet-and-greet service

    Complimentary meet-and-greet at major Indian airports once/year on USD1,000+ international POS spend in prior 12 months; 10% discount otherwise

    yearly. USD1,000+ international spend in preceding 12 months

Insurance cover

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NaN

Eligibility

text
High-net-worth targeted; income ~Rs12L+ indicative

Small print

Redemption fee
99 / redemption
Fuel surcharge:1% waiver up to Rs300/statement cycle, Rs200-5,000 range