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 = ₹0.25.
Users will earn 5X reward points on all spending excluding 1X and 3X categories mentioned below. Effective cashback rate: 1.25%.
Users will earn 1X reward points for spending on insurance premiums and utility bill payments. Effective cashback rate: 0.165%.
Users will earn 3X reward points for spending on rental & property management, government services, education and wallet load transactions. Effective cashback rate: 0.50%.
Users can get 10X reward points on incremental spending above ₹20,000 in a monthly statement cycle. Effective cashback rate: 2.5%.
Movie Benefits
Users can avail a Buy One Get One Free offer on movie tickets on BookMyShow with up to ₹400 off on the second ticket. This benefit can be availed twice in a calendar month.
Dining Benefits
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.; Complimentary roadside assistance worth ₹1,399.; Users can 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.; 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.
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 = ₹0.25.
Users will earn 5X reward points on all spending excluding 1X and 3X categories mentioned below. Effective cashback rate: 1.25%.
Users will earn 1X reward points for spending on insurance premiums and utility bill payments. Effective cashback rate: 0.165%.
Users will earn 3X reward points for spending on rental & property management, government services, education and wallet load transactions. Effective cashback rate: 0.50%.
Users can get 10X reward points on incremental spending above ₹20,000 in a monthly statement cycle. Effective cashback rate: 2.5%.
Movie Benefits
Users can avail a Buy One Get One Free offer on movie tickets on BookMyShow with up to ₹400 off on the second ticket. This benefit can be availed twice in a calendar month.
Dining Benefits
Other Benefits
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Lounge Access
Users will get access to domestic and international airport lounges 4 times in India and 2 times abroad every quarter.; 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.
Fees & Charges
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%
Fees & Charges
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%
Special Features
Travel insurance coverage.
Low International Forex charges.
Eligibility Criteria
Not specified by the bank.
Speical Feature, Eligibility and Benefits
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
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