IDFC FIRST Ashva cuts travel multipliers — 33% less on hotels, 37% less on flights
IDFC FIRST Ashva's app-travel multipliers are cut to 40X hotels and 25X flights, resulting in a drop from ~16% to ~10.7% for hotels and ~10.7% to ~6.7% for flights in rewards value. Rewards are now capped at the credit limit.
IDFC FIRST Bank has cut the travel multipliers on its Ashva credit card. The card now offers 40 RP/₹150 on hotels and 25 RP/₹150 on flights, down from the previous 60 RP/₹150 on hotels and 40 RP/₹150 on flights. This change is effective as of June 18, 2026. The reduced multipliers translate to a drop in rewards value from ~16% to ~10.7% for hotels and ~10.7% to ~6.7% for flights, based on the card’s ₹0.40 app-travel value. Additionally, the Buy-One-Get-One movie perk now requires ₹20,000 of spend in the previous month, and rewards are capped at the credit limit. Our take: 60 to 40 RP/₹150 on hotels and 40 to 25 on flights drops app-travel from ~16% to ~10.7% and from ~10.7% to ~6.7%. Here is the honest read: 10.7% back on hotel bookings is still a number almost nothing else in India pays, and the 1% forex and 5X/10X base earn come through untouched. Keep the Ashva — just stop building plans around a 16% machine that no longer exists, and note the BOGO movie perk now costs ₹20,000 of prior-month spend.