IDFC FIRST Mayura vs HSBC TravelOne (2026)
App-portal multipliers up to 13.3% vs twenty 1:1 airline partners — two premium plays near ₹5–6k, zero overlap.
Head to head
| Metric | IDFC FIRST Mayura | HSBC TravelOne |
|---|---|---|
| Our rank | #11 | #14 |
| Annual fee | ₹5,999 + GST | ₹4,999 + GST |
| Fee waiver | None | ₹8,00,000 spend |
| Forex markup | Nil — 0% markup on foreign currency and DCC transactions | 3.5% + GST |
| APR | Dynamic 0.71%–3.85%/mo (8.5%–46.2%/yr); overdue rate 3.99%/mo (47.88%/yr) on MAD non-payment | 3.75%/mo (45%/yr), computed from transaction date |
| Effective reward rate | 1.7% | 2.0% |
| Currency | IDFC FIRST Reward Points | HSBC Reward Points |
| House value | ₹0.50/pt | ₹1.00/pt |
| Welcome benefit | 12,000 RP — 4,000 on fee payment + 4,000 each on ₹20k in cycles 2 and 3 | ₹1,000 cashback + ₹3,000 Postcard voucher + 3-mo EazyDiner Prime on ₹25k in 30 days |
| Lounge doors opened | 128 of 644 | 73 of 644 |
| Income — salaried | ~₹25L+/yr (community) | ₹6L+/yr; age 18–65 |
| Income — self-employed | ~₹25L+/yr (community) | ₹12L+/yr; age 25–65 |
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 Mayura out-earns HSBC TravelOne at every spend level we model, from ₹25k to ₹5L a month.
Transfer reach
Only HSBC TravelOne
- Singapore Airlines KrisFlyer
- British Airways Executive Club (Avios)
- Qatar Airways Privilege Club (Avios)
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 ₹36,400 — a ₹8,533 gap. At ₹5L/month, IDFC FIRST Mayura nets ₹2,53,441 against ₹1,42,000 — a ₹1,11,441 gap. Lounge chasers: IDFC FIRST Mayura opens 128 of 644 tracked doors to HSBC TravelOne's 73.
Our standing verdicts: IDFC FIRST Mayura — Keep; HSBC TravelOne — Keep. On our board, IDFC FIRST Mayura sits at #11 to HSBC TravelOne's #14 — that's the overall call. Your spend pattern can overrule us: run your exact numbers →