IDFC FIRST Ashva vs IDFC FIRST Mayura (2026)
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.
Head to head
| Metric | IDFC FIRST Ashva | IDFC FIRST Mayura |
|---|---|---|
| Our rank | #13 | #11 |
| Annual fee | ₹2,999 + GST | ₹5,999 + GST |
| Fee waiver | None | None |
| Forex markup | 1% + GST (Ashva-specific carve-out in the bank-wide MITC) | Nil — 0% markup on foreign currency and DCC transactions |
| APR | Dynamic 0.71%–3.85%/mo (8.5%–46.2%/yr); overdue rate 3.99%/mo (47.88%/yr) on MAD non-payment | Dynamic 0.71%–3.85%/mo (8.5%–46.2%/yr); overdue rate 3.99%/mo (47.88%/yr) on MAD non-payment |
| Effective reward rate | 1.3% | 1.7% |
| Currency | IDFC FIRST Reward Points | IDFC FIRST Reward Points |
| House value | ₹0.50/pt † | ₹0.50/pt |
| Welcome benefit | 7,500 RP — 2,500 on fee payment + 2,500 each on ₹20k in cycles 2 and 3 (once per customer) | 12,000 RP — 4,000 on fee payment + 4,000 each on ₹20k in cycles 2 and 3 |
| Lounge doors opened | 93 of 644 | 128 of 644 |
| Income — salaried | not published | ~₹25L+/yr (community) |
| Income — self-employed | not published | ~₹25L+/yr (community) |
† IDFC FIRST Ashva: Ashva redeems the same IDFC points at ₹0.40 on app travel bookings and ₹0.25 everywhere else — a 20% haircut on Mayura's ₹0.50 house value that earn.base already bakes in.
Gold marks the better side of a row. House value is our ₹-per-point mark for each card's currency — the full valuation index →
Net annual 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. Tune it to your own spend in the calculator.
IDFC FIRST Ashva wins under ₹0.5L/month; IDFC FIRST Mayura takes over above it.
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 →
The call
For the ₹1L/month spender, IDFC FIRST Mayura nets ₹44,933 against ₹37,779 — a ₹7,154 gap. At ₹5L/month, IDFC FIRST Mayura nets ₹2,53,441 against ₹2,01,661 — a ₹51,780 gap. Lounge chasers: IDFC FIRST Mayura opens 128 of 644 tracked doors to IDFC FIRST Ashva's 93.
Our standing verdicts: IDFC FIRST Ashva — Keep; IDFC FIRST Mayura — Keep. On our board, IDFC FIRST Mayura sits at #11 to IDFC FIRST Ashva's #13 — that's the overall call. Your spend pattern can overrule us: run your exact numbers →