IDFC FIRST Mayura cuts travel multipliers — 33% less on hotels, 37% less on flights
IDFC FIRST Mayura's travel multipliers are cut to 40X hotels and 25X flights, resulting in a 33% decrease for hotels and a 37% decrease for flights, with rewards now capped at credit limit. This change reduces the effective return on hotel bookings from 20% to 13.3% and on flights from 13.3% to 8.3%
IDFC FIRST Bank has rolled back the Jun-2025 boost on its Mayura credit card, cutting travel multipliers to 40X for hotels and 25X for flights. Previously, the card offered 60 RP/₹150 on app hotels and 40 RP/₹150 on flights, but now it offers 40 RP/₹150 on hotels and 25 RP/₹150 on flights. The reduction in travel multipliers translates to a decrease in effective return, from 20% to 13.3% for hotel bookings and from 13.3% to 8.3% for flights, assuming a ₹0.50 travel value per reward point. Additionally, the BOGO movie perk now requires ₹20,000 of previous-month spend, and rewards are capped at the credit limit. Our take: this is the Jun-2025 boost being taken back rather than a fresh cut — hotels go 20% to 13.3%, flights 13.3% to 8.3% at ₹0.50 a point. 13.3% on app hotel bookings is still a rate almost nothing else in India touches, and the 0% forex and 5X/10X base earn are untouched. Keep the Mayura. The change most holders will actually feel is the BOGO movie perk now costing ₹20,000 of prior-month spend.