IDFC FIRST Ashva vs IDFC FIRST Mayura (2026)
IDFC FIRST Mayura vs IDFC FIRST Ashva: which wins?
₹1,50,977ranking value a year at ₹3L a month, to IDFC FIRST Mayura
Skip the duel — the board, ranked → · nothing to sign up for
IDFC's metal siblings: same 5X/10X engine, but Mayura's ₹0.50 points and 0% forex out-net Ashva at every spend level we model — Ashva is the ₹2,999 consolation prize, not the smarter buy.
IDFC FIRST Ashva wins under ₹0.5L/month; IDFC FIRST Mayura takes over above it.
Every metric, row by row — 12 compared
Head to head
| IDFC FIRST Ashva | Metric | IDFC FIRST Mayura |
|---|---|---|
| #14 | Our rank | #10 — wins this row |
| ₹2,999/yr — wins this row | Fee — joining · annual (+ GST) | ₹5,999/yr |
| None | Fee waiver | None |
| Nil — bank-wide MITC dated 9 Sep 2026 prints NIL on foreign-currency and DCC/SCC transactions | Forex markup | Nil — 0% markup on foreign currency and DCC transactions |
| Dynamic 0.71%–3.85%/mo (8.5%–46.2%/yr); overdue rate 3.99%/mo (47.88%/yr) on MAD non-payment | APR | Dynamic 0.71%–3.85%/mo (8.5%–46.2%/yr); overdue rate 3.99%/mo (47.88%/yr) on MAD non-payment |
| 1.3% | Headline earn rate | 1.7% — wins this row |
| IDFC FIRST Reward Points | Currency | IDFC FIRST Reward Points |
| ₹0.25/pt † | House value | ₹0.25/pt † |
| 7,500 RP — 2,500 on fee payment + 2,500 each on ₹20k in cycles 2 and 3 (once per customer) | Welcome benefit | 12,000 RP — 4,000 on fee payment + 4,000 each on ₹20k in cycles 2 and 3 (once per customer) |
| 129 of 793 | Lounge doors opened | 129 of 793 |
| not published | Income — salaried | ~₹25L+/yr (community) |
| not published | Income — self-employed | ~₹25L+/yr (community) |
† IDFC FIRST Ashva: Ashva redeems the same IDFC points at ₹0.40 on app travel bookings and ₹0.25 — the house value — everywhere else. It is the shallowest rung on IDFC's travel ladder: Mayura and WOW! Black get ₹0.50, Gaj and FIRST Private a full rupee. earn.base marks the points up to that ₹0.40, so the rate below assumes you book travel in the app.
† IDFC FIRST Mayura: Mayura is one of only two IDFC cards that reach ₹0.50 a point, and only on flight and hotel bookings made through the Travel & Shop section of the FIRST app — its own rewards T&C is explicit that it is "₹0.25 everywhere else", the house value. So the rate below is DOUBLE what these points fetch as vouchers, goods or pay-with-points; earn.base marks them up to the ₹0.50 travel rung and assumes you actually book there. Points cover at most 70% of a booking, redemptions are capped at 1,50,000 points a month, and each one costs ₹99 + GST.
Gold marks the better side of a row. House value is our ₹-per-point mark for each card's currency — the full valuation index →
The ₹ face-off at ₹1L/₹3L/₹5L a month
Ranking-value face-off
Everyday spend at each card's base rate plus a realistic ~20% at its best accelerator (less for narrow or capped boosters) — milestones, fee waivers and the redemption haircut all at our house ₹/point. That's why the biggest headline rate doesn't automatically win. This is the ranking model, the one that orders the board; each card page prints the earn-rate-only net annual value instead, which reads lower for any card with an accelerator (both models, side by side). Tune it to your own spend in the calculator.
IDFC FIRST Ashva wins under ₹0.5L/month; IDFC FIRST Mayura takes over above it.
Where the lead changes hands — a 20-step sweep from ₹0.25L to ₹5L/month
Where the lead changes hands
The lead changes hands at ₹0.5L a month: IDFC FIRST Ashva is ahead by ₹1,253 at ₹0.25L, IDFC FIRST Mayura by ₹51,480 at ₹5L.
IDFC FIRST Ashva draws above the line, IDFC FIRST Mayura below · ₹0.25L to ₹5L a month, step by step
| Monthly spend | IDFC FIRST Ashva | IDFC FIRST Mayura | In front |
|---|---|---|---|
| ₹0.25L | ₹4,048 | ₹2,795 | IDFC FIRST Ashva by ₹1,253 |
| ₹0.5L | ₹14,298 | ₹15,584 | IDFC FIRST Mayura by ₹1,286 |
| ₹0.75L | ₹27,550 | ₹32,123 | IDFC FIRST Mayura by ₹4,573 |
| ₹1L | ₹37,800 | ₹44,912 | IDFC FIRST Mayura by ₹7,112 |
| ₹1.25L | ₹48,051 | ₹61,452 | IDFC FIRST Mayura by ₹13,401 |
| ₹1.5L | ₹58,301 | ₹74,241 | IDFC FIRST Mayura by ₹15,940 |
| ₹1.75L | ₹68,552 | ₹87,031 | IDFC FIRST Mayura by ₹18,479 |
| ₹2L | ₹78,803 | ₹99,819 | IDFC FIRST Mayura by ₹21,016 |
| ₹2.25L | ₹89,054 | ₹1,12,609 | IDFC FIRST Mayura by ₹23,555 |
| ₹2.5L | ₹99,304 | ₹1,25,398 | IDFC FIRST Mayura by ₹26,094 |
| ₹2.75L | ₹1,09,555 | ₹1,38,188 | IDFC FIRST Mayura by ₹28,633 |
| ₹3L | ₹1,19,805 | ₹1,50,977 | IDFC FIRST Mayura by ₹31,172 |
| ₹3.25L | ₹1,30,057 | ₹1,63,766 | IDFC FIRST Mayura by ₹33,709 |
| ₹3.5L | ₹1,40,307 | ₹1,76,555 | IDFC FIRST Mayura by ₹36,248 |
| ₹3.75L | ₹1,50,558 | ₹1,89,345 | IDFC FIRST Mayura by ₹38,787 |
| ₹4L | ₹1,60,808 | ₹2,02,134 | IDFC FIRST Mayura by ₹41,326 |
| ₹4.25L | ₹1,71,059 | ₹2,14,924 | IDFC FIRST Mayura by ₹43,865 |
| ₹4.5L | ₹1,81,310 | ₹2,27,712 | IDFC FIRST Mayura by ₹46,402 |
| ₹4.75L | ₹1,91,561 | ₹2,40,502 | IDFC FIRST Mayura by ₹48,941 |
| ₹5L | ₹2,01,811 | ₹2,53,291 | IDFC FIRST Mayura by ₹51,480 |
Transfer reach — 0 shared live routes
Transfer reach
Both cards earn IDFC FIRST Reward Points, so the partner list is identical — 0 live transfer routes each. The fight is decided on earn and fees, not reach.
Full route maps on each card page, best ₹/point routes on the optimizer →
What to watch out for — 6 points
What to watch out for
IDFC FIRST Ashva · 1 more →
- ₹0.40/pt is the ceiling — Ashva points are worth 20% less than Mayura's, ₹0.25 outside app travel
- Closed loop: no airline or hotel transfer partners at all
- Lounge, golf and movie perks all need ₹20k spend the previous month
IDFC FIRST Mayura · 1 more →
- Closed loop: no airline/hotel transfer partners at all
- ₹0.25/pt outside app travel bookings — half the value
- Lounge and movie perks need ₹20k spend the previous month
The call
For the ₹1L/month spender, IDFC FIRST Mayura nets ₹44,912 against ₹37,800 — a ₹7,112 gap. At ₹5L/month, IDFC FIRST Mayura nets ₹2,53,291 against ₹2,01,811 — a ₹51,480 gap. Lounge chasers get no tiebreak here: both open 129 of 793 tracked doors.
Our standing verdicts: IDFC FIRST Ashva — Keep; IDFC FIRST Mayura — Keep. IDFC FIRST Mayura takes 5 of the 6 rounds we can score — that's the overall call. Your spend pattern can overrule us: run your exact numbers →
Common questions — 5 answered
Straight answers
Which is better, IDFC FIRST Ashva or IDFC FIRST Mayura?
IDFC FIRST Mayura. IDFC FIRST Mayura takes 5 of the 6 rounds we can score. IDFC FIRST Ashva wins under ₹0.5L/month; IDFC FIRST Mayura takes over above it.
IDFC FIRST Ashva or IDFC FIRST Mayura — which earns more at ₹3L a month?
At ₹3L a month, IDFC FIRST Mayura nets ₹1,50,977 against ₹1,19,805 — a ₹31,172 gap. Those are ranking-value figures: everyday spend at the card's base rate plus a realistic slice at its best accelerator, net of the fee.
Which costs less to hold, IDFC FIRST Ashva or IDFC FIRST Mayura?
IDFC FIRST Ashva — ₹2,999/yr against ₹5,999/yr. IDFC FIRST Ashva waives its fee at no spend level — there is no waiver; IDFC FIRST Mayura at no spend level — there is no waiver.
Which gets you into more airport lounges, IDFC FIRST Ashva or IDFC FIRST Mayura?
Lounge chasers get no tiebreak here: both open 129 of 793 tracked doors. Visit quotas, guest charges and spend gates are per card — the lounge map carries each one.
How current is this comparison?
Card records last re-verified against their issuers' own documents: IDFC FIRST Ashva on 2026-09-25, IDFC FIRST Mayura on 2026-09-03. Every figure on this page — the ranking values, the fee rows, the lounge counts, the transfer ratios — is recomputed from those records each time the site builds, so a devaluation changes the call the day we log it.
Verified against IDFC FIRST Bank and IDFC FIRST Bank's own documents on · the ranking model, at our house ₹/point
Every document behind this page — 13 of them, each with the day we read it
- official Product page + FAQs — ₹2,999 joining and annual, no spend waiver; forex superseded to 0% by 9-Sep-2026 MITC + 10-Sep-2026 brochure; Cancel for Any Reason ₹25,000 twice a year
- official Lounge programme T&C — the Indian leg runs on EliteAssist and you present the Ashva card; the global leg runs on DreamFolks and you present the DreamFolks card
- official Rewards T&C PDF (bonus is ADDITIVE — Base (A) 10 + Bonus (B) 30/15 = Total (A+B) 40/25 RP per ₹150)
- official Bank-wide MITC (9 Sep 2026) — ₹2,999 joining and annual; forex NIL on foreign currency and DCC
- official Ashva brochure PDF (ModDate 10-Sep-2026) — Zero Forex Mark-Up / "Zero Markup fee on international spends"; fees ₹2,999; 2X on international spends; birthday 10X restored in copy
- official Jun-2026 change notice PDF (18-Jun-2026 app 20%/10% Bonus = 40/25 RP per ₹150; ₹0.40 travel value; rewards capped at credit limit; ₹20k prev-month movie gate)
- community CardInsider review
- official FIRST Digital RuPay add-on (UPI) page
- official Domestic lounge list — the 48 rooms the four quarterly visits can be spent at, addresses and terminals included
- official Product page + FAQs — (₹5,999 joining and annual, no spend waiver; 0% forex; welcome 4,000+4,000+4,000 RP once per customer; milestone ₹8L → 7,500 RP OR ₹15L → 15,000 RP)
- official Rewards T&C PDF (bonus is ADDITIVE — Base (A) 10 + Bonus (B) 30/15 = Total (A+B) 40/25 RP per ₹150 app hotel/flight)
- official Jun-2026 change notice PDF (18-Jun-2026 app bonus 20%/10% = 30/15 RP per ₹150)
- community CardInsider review