Welcome benefits:For every transaction above ₹500, users will receive ₹500 as cashback, up to a maximum of four times, this is valid for the first 60 days after the virtual credit card is generated. Users can get a bonus of 5,000 reward points (worth ₹1,250) for cards generated on or before 30th November 2024.
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IDFC First Ashva Credit Card
Rewards & Benefits
Welcome Benefits
Welcome benefits:For every transaction above ₹500, users will receive ₹500 as cashback, up to a maximum of four times, this is valid for the first 60 days after the virtual credit card is generated. Users can get a bonus of 5,000 reward points (worth ₹1,250) for cards generated on or before 30th November 2024.
Milestone Benefits
Milestone benefit:Users will get 10X reward points on incremental spending above ₹20,000 in a monthly statement cycle. Users can also unlock a golf round/lesson per month on spending ₹20,000 and ₹40,000, respectively in the previous statement cycle.
Cashback Rate
1 reward point = INR 0.25.
Users will earn 5 reward points per INR 150 spent on all categories, excluding 1X and 3X categories mentioned below.
General Cashback Rate: 0.83%.
Users will earn 1X reward points for spending on insurance premiums and utility bill payments.
Insurnce+ Cashback Rate: 0.16%.
Users will earn 3X reward points for spending on rental & property management, government services, education and wallet load transactions.
Government+ Cashback Rate: 0.50%.
Users will get 10X reward points on incremental spending above INR 20,000 in a monthly statement cycle.
Special cashback rate: 1.67%
In case the cardholders elects to book hotels and flights using IDFC Mobile app, the value of 1 point will be considered INR 0.40 in place of INR 0.25.
Movie Benefits
Users can avail a Buy One Get One Free offer on movie tickets on BookMyShow with up to INR 400 off on the second ticket. This benefit can be availed twice in a calendar month.
Dining Benefits
None.
Other Benefits
Users have the option of "Cancel For Any Reason" cover, by which users can cancel flight and hotel bookings and avail a reimbursement of up to ₹25,000 twice a year.
Users can also unlock a golf round/lesson per month on spending ₹20,000 and ₹40,000, respectively in the previous statement cycle.
Users will enjoy discounts on Airport Fast-track immigration service at over 450 destinations worldwide.
Users will get discounts on airport transfer limousine services across in over 3000 cities across 83 countries.
Complimentary roadside assistance worth ₹1,399.
Users will get a comprehensive travel insurance cover of up to USD 1200.
Lounge Access
Users will get access to domestic and international airport lounges 4 times in India and 2 times abroad every quarter.
Rewards & Benefits
Welcome Benefits
Welcome benefits:For every transaction above ₹500, users will receive ₹500 as cashback, up to a maximum of four times, this is valid for the first 60 days after the virtual credit card is generated. Users can get a bonus of 5,000 reward points (worth ₹1,250) for cards generated on or before 30th November 2024.
Milestone Benefits
Milestone benefit:Users will get 10X reward points on incremental spending above ₹20,000 in a monthly statement cycle. Users can also unlock a golf round/lesson per month on spending ₹20,000 and ₹40,000, respectively in the previous statement cycle.
Cashback Rate
1 reward point = INR 0.25.
Users will earn 5 reward points per INR 150 spent on all categories, excluding 1X and 3X categories mentioned below.
General Cashback Rate: 0.83%.
Users will earn 1X reward points for spending on insurance premiums and utility bill payments.
Insurnce+ Cashback Rate: 0.16%.
Users will earn 3X reward points for spending on rental & property management, government services, education and wallet load transactions.
Government+ Cashback Rate: 0.50%.
Users will get 10X reward points on incremental spending above INR 20,000 in a monthly statement cycle.
Special cashback rate: 1.67%
In case the cardholders elects to book hotels and flights using IDFC Mobile app, the value of 1 point will be considered INR 0.40 in place of INR 0.25.
Movie Benefits
Users can avail a Buy One Get One Free offer on movie tickets on BookMyShow with up to INR 400 off on the second ticket. This benefit can be availed twice in a calendar month.
Dining Benefits
None.
Other Benefits
Users have the option of "Cancel For Any Reason" cover, by which users can cancel flight and hotel bookings and avail a reimbursement of up to ₹25,000 twice a year.
Users can also unlock a golf round/lesson per month on spending ₹20,000 and ₹40,000, respectively in the previous statement cycle.
Users will enjoy discounts on Airport Fast-track immigration service at over 450 destinations worldwide.
Users will get discounts on airport transfer limousine services across in over 3000 cities across 83 countries.
Complimentary roadside assistance worth ₹1,399.
Users will get a comprehensive travel insurance cover of up to USD 1200.
Lounge Access
Users will get access to domestic and international airport lounges 4 times in India and 2 times abroad every quarter.
Fees & Charges of
IDFC First Ashva Credit Card
Joining Fee
Rs. 2999 plus taxes.
Annual Fee
Annual membership fee: Rs. 2999 plus taxes.
Cash Advance Fee
Cash advance fee: Rs. 199
Interest rate
Interest rate: 3.99% monthly, 47.88% annually.
Late Payment Fee
Late payment charges: INR100 to INR1300.
Foreign Currency Transactions Fee
Foreign currency markup fee: 1%
Other Fees
Reward redemption fee: ₹99 per redemption request | Fuel surcharge: 1%
Joining Fee
Rs. 2999 plus taxes.
Annual Fee
Annual membership fee: Rs. 2999 plus taxes.
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest rate: 3.99% monthly, 47.88% annually.
Late Payment Fee
Late payment charges: INR100 to INR1300.
Foreign Currency Transactions Fee
Foreign currency markup fee: 1%
Other Fees
Reward redemption fee: ₹99 per redemption request | Fuel surcharge: 1%
Fee and Charges of
IDFC First Ashva Credit Card
Special Features
Not specified by the bank.
Eligibility Criteria
Travel insurance coverage.
Low International Forex charges.
Speical Feature, Eligibility and Benefits of
IDFC First Ashva Credit Card
How to apply for Credit Card?
Online Application:
Visit the IDFC First Bank Website: Go to the official website of IDFC First Bank.
Locate the Credit Card Section: Look for the section dedicated to credit cards or search for "Ashva Credit Card."
Click on "Apply Now": Find the "Apply Now" button for the Ashva Credit Card and click on it.
Fill in the Application Form: Provide the necessary personal and financial information as required.
Upload Required Documents: You may need to upload documents like your PAN card, Aadhaar card, income proof, and address proof.
Submit the Application: Review your application and submit it online.
Offline Application:
Visit an IDFC First Bank Branch: Locate the nearest branch to you.
Request an Application Form: Ask the bank representative for a Ashva Credit Card application form.
Fill in the Form: Complete the form with accurate information.
Submit the Form and Documents: Submit the filled form along with the required documents to the bank representative.
Contact Details
Customer care hotline
1800 10 888
Account Opening and Procedure of
IDFC First Ashva Credit Card
Find Offers on Your Credit Card
Find Offers on Your Credit Card
The card offers a number of value add benefits. The card however offers low cashback rate. The card is a decent offering from IDFC
The card offers a number of value add benefits. The card however offers low cashback rate. The card is a decent offering from IDFC
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai