1 IDFC FIRST Reward point is worth ₹0.25 in India.
₹0.25₹250 per 1,000 points, our house mark
held at ₹0.25 · re-marked 10 Jul
How we got this ₹ figure
₹0.25 is our HOUSE value for a point — what a disciplined traveller actually clears, not the best redemption we have ever seen (₹1.00, the ceiling) and not the worst you can always fall back on (₹0.25, the floor). It is the number every route on this page is priced with.
The mark has 2 dated points in data/valuation-history.yaml, each one pinned to a quantified event in the tracker — no interpolation. The last move was re-marked 10 Jul. How we value a point →
Which of my cards reach it? — 22 do
22 cards earn IDFC FIRST Reward Points outright. The figure is the reward rate — what ₹100 of ORDINARY spend earns back at our house ₹/point, before milestones, accelerators and the annual fee. How we compute it →
IDFC FIRST Private6.7%IDFC FIRST BankIDFC FIRST Gaj3.3%IDFC FIRST BankIDFC FIRST Mayura1.7%IDFC FIRST Bank19 more cards that earn it — same ranking, best first
₹0.25 is the rate, and the house mark sits there because it is the only rung the whole shelf shares. Nine of the fourteen IDFC cards — Wealth, Select, Classic, Millennia, WOW!, SWYP, Diamond Reserve, HPCL Power+ and LIC Select — have no rung above it at all, and on the other five it is still the "everywhere else" rate their own rewards T&Cs print. The ladder above ₹0.25 buys flights and hotels booked in the FIRST app's Travel & Shop section and nothing else: ₹1.00 on Gaj and FIRST Private, ₹0.50 on Mayura and WOW! Black, ₹0.40 on Ashva — each of those five marks its own earn.base up to its own rung, so the card pages price the premium and this mark does not. Points cover at most 70% of a booking, every redemption costs ₹99 + GST (so a small one banks less than ₹0.25), and the loop is closed — no airline, no hotel, no exit but IDFC's own catalogue. The Jun-2026 bonus cuts and 24-month expiry keep the trend down. Re-marked from ₹0.50 on 2026-08-16: that mark tracked Mayura's app-travel rung, which two of the fourteen cards reach.
IDFC FIRST Reward Points is worth watching — we grade its nerf risk watch 7 cuts in 24 months — latest: Jun-2026 devaluation (moderate) How we grade it →
Expiry: never on Mayura or Ashva — IDFC's Jun-2026 24-month expiry hit its lower cards, not these
No corridor on our board prices a seat in IDFC FIRST Reward Points against a published chart — every option that reaches it is dynamic, and an estimate is not a seat. the 2,196 corridors that DO have a verified price →
What a point has been worth
Derived only from quantified, dated events in the tracker — no interpolation, no vibes.
- 10 Jul 2026 ₹0.25 current house value
- 19 Sept 2024 ₹0.25 2024-09-19 — IDFC FIRST unveils Mayura, the launch that first put the whole redemption ladder in one published table: ₹0.50 a point on in-app flight and hotel bookings, ₹0.25 everywhere else. The house mark tracks the ₹0.25 rung, because that is the one every IDFC card shares and the only one nine of the fourteen ever reach. It has not moved since — the Jun-2026 caps and 24-month expiry hit earn rates and bonus multipliers, not the ₹0.25 base redemption. The line was carried at ₹0.50 until 2026-08-16, when the desk re-marked it: that figure was Mayura's app-travel rung, not the currency's.
The nerf log
Full tracker →Every tracked event that touches IDFC FIRST Reward Points.
- 9 Sept 2026IDFC FIRST Bank zeroes forex markup on every credit cardA per-card markup table — Nil on a few premium cards, 1% to 3.5% on the rest → NIL on foreign-currency transactions and on dynamic and static currency conversion, bank-wide
IDFC's retail credit-card MITC, re-saved 9 September 2026, replaces the old per-card forex table with one NIL row covering foreign-currency transactions and dynamic and static currency conversion. The commercial and corporate MITCs, re-saved 7 September, print Nil or 0% for the business and corporate cards. Ashva's brochure, re-issued 10 September, says the same and also cuts that card's international earn from 5 reward points per ₹150 to 2X. A widely reported 26 October cut to international reward earning is not in any of those documents, so it is not on the cards. Cards that were already Nil — Mayura, Gaj, WOW, WOW Black, FIRST Private, Diamond Reserve — did not move.
- 18 Jun 2026Mayura's app-travel multipliers cut to 40X hotels, 25X flights60 RP/₹150 on app hotels, 40 RP/₹150 on flights (Jun-2025 boost) → 40 RP/₹150 hotels, 25 RP/₹150 flights; movie BOGO needs ₹20k/month; rewards capped at credit limit
The Jun-2025 boost is rolled back: IDFC's 18-Jun-2026 notice re-states the app bonus as '20%/10% Bonus Reward Points' — 30 and 15 bonus RP per ₹150 — dropping hotel bookings from a 20% effective return to 13.3% and flights from 13.3% to 8.3% at the ₹0.50 travel value. The same notice gates the BOGO movie perk on ₹20,000 of previous-month spend and stops rewards on spends beyond your credit limit. The 0% forex and 5X/10X base survive untouched.
- 18 Jun 2026LIC IDFC FIRST Select's app-travel bonus cut to 20% hotels, 8% flights45X bonus RP on app hotel bookings and 20X on flights — 36 and 16 bonus points per ₹100 → 20% and 8% bonus — 20 and 8 points per ₹100, totals of 24 and 12, capped at 8,000 a month
The same 18 June revision that rolled back Mayura reaches the LIC co-brand, and it takes a little more. IDFC's own cardmember mailer sold "45X Bonus Reward Points on hotel bookings" and "20X Bonus Reward Points on flight bookings" through the app's Travel & Shop tab; the T&C that replaced it opens "Effective June 18, 2026" and restates the bonus as 20% on hotels and 8% on flights. Read the units before the outrage — IDFC prices 1X at 1 Reward Point per ₹125, so 45X was 36 bonus points per ₹100 and 20X was 16, against 20 and 8 now. With the 4-point base included, hotels fall from 40 points per ₹100 to 24 and flights from 20 to 12: at IDFC's flat ₹0.25 redemption that is 10% down to 6% on hotels and 5% down to 3% on flights, a straight 40% off both. The bonus caps at 8,000 points a calendar month, redemption stays 1 point = ₹0.25, and points still cover up to 70% of a booking. The card is genuinely lifetime free and the lounges are untouched, so it remains a keep — but the hotel line was the only number on it worth planning around, and it just lost two fifths of itself.
- 18 Jun 2026Ashva's app-travel multipliers cut to 40X hotels, 25X flights60 RP/₹150 on app hotels, 40 RP/₹150 on flights (Jun-2025 'up to 50X Bonus' boost) → 40 RP/₹150 hotels, 25 RP/₹150 flights; movie BOGO needs ₹20k/month; rewards capped at credit limit
Ashva rides the same 18-Jun-2026 notice that hit its sibling Mayura: IDFC re-states the mobile-app Travel & Shop bonus as '20% Bonus Reward Points on hotels, 10% on flights' over the base earn — landing at 40 and 25 total RP per ₹150, down from the Jun-2025 boost's 60/40. At Ashva's ₹0.40 app-travel value that drops app hotels from ~16% to ~10.7% and flights from ~10.7% to ~6.7%. The same notice stops rewards on spends beyond the credit limit and gates the Buy-One-Get-One movie perk on ₹20,000 of previous-month spend. The 1% forex and 5X/10X base survive; the 15,000 bonus-RP/month cap is unchanged.
- 18 Jun 2026IDFC FIRST bolts a 24-month expiry onto reward points that were lifetime-validIDFC FIRST reward points never expired — lifetime validity was a headline feature → Points earned from 18 Jun 2026 expire 24 months from crediting (FIRST Wealth, Millennia, WOW! and more); existing WOW! points valid until Jul 2028
The same June-2026 revamp that clipped Mayura and Ashva's app-travel multipliers took a quieter but broader swing: IDFC FIRST's celebrated 'points never expire' promise is dead. Points earned from 18 June 2026 now carry a 24-month expiry from the crediting date across FIRST Wealth, FIRST Millennia, FIRST WOW! and the wider stack, with existing WOW! balances grandfathered only until July 2028. Pair it with the portfolio-wide move to stop earning beyond your credit limit and the ₹20,000-spend gate on the movie perk, and IDFC's whole 'lifetime-valid, low-friction rewards' identity is being sanded down. The lifetime-validity era is over — burn IDFC points, don't hoard them.
6 earlier events on this program
- 18 Jun 2026IDFC FIRST Select's 10X moves to categories, app travel bonus cut3X up to ₹20,000 a statement cycle and 10X on every rupee above it; 33% bonus RP on app hotels, 13% on flights → 10X only on dining, travel, international and birthday spends; 3X on everything else; app bonus cut to 20% hotels, 10% flights
IDFC rebuilt the free Select card's reward engine on 18 June 2026 and the answer depends on how much you spend. The old construct paid 10X (10 RP per ₹200) on the incremental spend above ₹20,000 a statement cycle, which rewarded volume; the new one pays 10X on dining, travel, international and birthday spends and 3X on the rest. At ₹50,000 a month that's a straight cut — roughly 0.9% blended down to 0.55% — while a ₹15,000-a-month diner comes out ahead. What isn't ambiguous is the travel portal: the bonus on app hotel bookings dropped from 33% to 20% and flights from 13% to 10%, taking app hotels from 8.25% to 6.25% at the ₹0.25 point. The same date capped rewards at your credit limit per billing cycle across the IDFC range.
- 18 Jun 2026Gaj stops earning past your credit limitReward points on every eligible spend in a billing cycle → Reward points only on spends up to your credit limit per billing cycle
The same 18 June 2026 sweep that cut Mayura's app multipliers left Gaj's earn structure alone — 5 RP per ₹150 flat, 50 and 25 RP per ₹150 on app hotels and flights, points still worth ₹1 on in-app travel — and took exactly one thing: pay down mid-cycle and re-spend, and the second lap earns nothing. IDFC's notice is explicit that rewards accrue only on spends up to your credit limit per billing cycle. On a card sold to private-banking clients with limits to match it is a small thing; on a card whose whole pitch is 33% back on app hotel bookings, it quietly caps how much of that you can farm in a month.
- 18 Jun 2026FIRST Wealth's app-travel bonus falls from 33% to 20%33% bonus RP on app hotel bookings, 13% on flights — set by IDFC's own Jan-2026 notice → 20% bonus on hotels, 10% on flights; hotels drop 38 → 25 RP per ₹100
The 18-Jun-2026 Wealth notice reads like a reassurance — 'You continue to earn bonus Reward Points on all travel bookings made via the IDFC FIRST Bank Mobile App — 20% Bonus Reward Points on hotel bookings and 10% Bonus Reward Points on flights' — but those percentages quietly rewrite the 33% and 13% IDFC had set only five months earlier in its January notice. Because the bonus is additive, app hotels fall from 38 to 25 RP per ₹100 (9.5% to 6.25% at the ₹0.25 point) and flights from 18 to 15 (4.5% to 3.75%). It's the same cut Select and Mayura took the same day; the 8,000 bonus-RP monthly cap stays. The card's one genuinely fat earn line just lost a third of its fat.
- 6 Jan 2026IDFC FIRST launches zero-forex Diamond Reserve cardNo 0%-forex travel card at the ₹3,000 fee tier → Diamond Reserve: 0% forex, 4 lounge visits/quarter
IDFC FIRST's Diamond Reserve, launched 6 January 2026 at ₹3,000+GST, undercuts the premium travel-card field with genuinely 0% forex markup, 60 RP per ₹150 on app hotel bookings and 40 RP per ₹150 on flights (both worth ₹0.25/point), plus 2 domestic and 2 international lounge visits every quarter and lifetime-valid points. In a year dominated by devaluations from HDFC, Axis, ICICI and SBI, this is one of the rare cards actually adding value at a mid-premium fee point rather than taking it away.
- 29 Dec 2025IDFC FIRST unveils Gaj, an invite-only ₹12,500 metal flagshipPrivate banking metal tier topped out below super-premium → Gaj: launched atop Ashva-Mayura-Gaj trilogy, ₹12,500 fee
Gaj: is invite-only for IDFC FIRST Private Banking clients, carries a ₹12,500+GST joining and annual fee, and offsets it with 12,500 Reward Points (1RP=₹1) redeemable on in-app travel bookings — plus 0% forex and 1:1 earn rate. It's a niche launch that won't matter to most readers, but it signals IDFC FIRST is chasing the HNI segment HDFC Infinia and Axis Reserve have owned for years, right as those two incumbents are busy cutting benefits.
- 11 Jul 2023IDFC First and Club Vistara team up on a travel credit cardNo IDFC First travel card tied to an airline programme → Club Vistara IDFC FIRST Card: CV Points, lounge, golf perks
IDFC FIRST Bank, Club Vistara and Mastercard announced a new co-branded travel card on July 11, 2023, bundling CV Points earning with lounge access, golf benefits and trip-cancellation cover. It was a modest entrant next to the HDFC and Axis Vistara cards already in market, but it gave IDFC First — still building out its premium lineup — a genuine travel-rewards product for the first time.
Straight answers
The questions people actually type about IDFC FIRST Reward Points — answered from the same data as everything above, with the same numbers.
What is 1 IDFC FIRST Reward point worth in INR?
Our desk marks IDFC FIRST Reward Points at ₹0.25 a point — so 1,000 points are worth ₹250 and 10,000 are worth ₹2,500. That is the number every route on this page is priced with. The ₹0.25 floor is the redemption you can always fall back on; the ₹1.00 ceiling is the best sweet spot we have actually verified. The mark is trending down, last reviewed 16 Aug 2026. The valuation index prices it against every other program we cover.
Which Indian cards earn IDFC FIRST Reward Points?
22 Indian cards earn IDFC FIRST Reward Points outright. Best-ranked earners: IDFC FIRST Private, IDFC FIRST Gaj and IDFC FIRST Mayura, the best of them at 6.7% reward rate. The card list above names each of them with its rank, its ratio and what one of its points becomes here.
When did IDFC FIRST Reward Points last devalue?
18 Jun 2026 — Mayura's app-travel multipliers cut to 40X hotels, 25X flights. That is the newest cut on our record. The nerf log below carries 11 tracked events touching IDFC FIRST Reward Points, and the program grades watch on nerf risk.
Verified against IDFC FIRST Bank's own documents on · our house ₹/point, ₹0.25 today
Not published , and we will not invent it: how long posting takes · its award terms — surcharges and the booking window.
Every document behind this page — 2 of them, each with the day we read it
- official IDFC FIRST Classic's product page prints the rate itself — "1X = 1 Reward Point per ₹200 spent | 1 Reward point = ₹0.25", the rung the whole shelf shares
- official FIRST Classic's Travel & Shop terms, effective 18 June 2026 — in-app flight and hotel bookings redeem at "1 Point = ₹0.25", for at most 70% of the booking value