IDFC
IDFC FIRST Ashva Credit Card
This is an invite only card
Apply and get ₹750 Rewards
Top Benefits
Earn up to 60 Reward Points on Hotel Bookings
via the IDFC FIRST Bank Mobile App, capped at 15,000 bonus Reward Points per calendar month
Earn 7,500 Reward Points Worth up to ₹3,000
as an annual fee benefit on spends of ₹8 lakhs in the previous anniversary year
Best For
Shopping
Travel
The IDFC FIRST Ashva Credit Card is a premium travel and lifestyle credit card built around interna...
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The IDFC FIRST Ashva Credit Card is a premium travel and lifestyle credit card built around interna...
The IDFC FIRST Ashva Credit Card is a premium travel and lifestyle credit card built around international and domestic lounge access, low forex markup, and accelerated travel rewards. Issued by IDFC FIRST Bank on the Visa network, it carries a ₹2,999 joining fee and a ₹2,999 annual fee, both non-waivable.
The flagship welcome benefit is up to 2,500 reward points on first transaction within 30 days of card setup, which partially offsets the joining fee at the ₹0.25 redemption value. Eligibility requires applicants to be between 21 and 65 years of age, with a minimum annual income of ₹12 LPA for both salaried and self-employed (₹1,00,000 monthly). CIBIL score requirement is 750 or above.
The card delivers concentrated travel value: 4 complimentary Indian lounge visits + 2 complimentary international lounge visits + 4 complimentary railway lounge visits per quarter on minimum monthly spend of ₹20,000. This works out to 16 Indian lounges + 8 international lounges + 16 railway lounges annually for active users.
Earning structure rewards travel-specific spending. You earn 40 reward points per ₹150 on flight bookings, 60 reward points per ₹150 on hotel bookings (capped at 15,000 RPs per month), 4 reward points per ₹150 on other retail spends, and ₹5,000 discount voucher on Postcard Hotels.
The forex markup is 1% on international transactions, significantly better than the 3.5% standard. For a user spending ₹2 lakh annually on international transactions, this saves ₹5,000 compared to a standard forex card.
Milestone benefit is 7,500 reward points on annual spend of ₹8 lakh, paid as annual fee benefit. This further offsets the annual cost for heavy spenders.
View FAQ
Commonly Asked Questions
Q. What is the joining fee?
A. The joining fee is ₹2,999 plus applicable GST, partially offset by up to 2,500 reward points on first transaction.
Q. Can the annual fee be waived?
A. No, the ₹2,999 annual fee is non-waivable. Heavy spenders extract value through milestone benefits and concentrated travel rewards.
Q. How many lounge visits are included?
A. 4 Indian + 2 international + 4 railway lounge visits per quarter on minimum monthly spend of ₹20,000.
Expert Review
The IDFC FIRST Ashva is a strong travel-focused credit card for moderate-to-heavy travellers who value lounge access and concentrated travel rewards. The 10% hotel cashback (15K RP monthly cap) is among the best in the Indian market.
For a typical user spending ₹6 lakh annually with ₹100K on flights and hotels combined, the card delivers approximately ₹18,000 in annual value (rewards + voucher + lounge). Against ₹3,539 annual fee, this is 5x return.
The 1% forex markup is a meaningful differentiator. The exceptional lounge access (16 Indian + 8 international + 16 railway annually) makes the card practical for users who travel 6-10 times a year.
The card has limitations. The non-waivable annual fee adds risk. Grocery, utility, FASTag, and other essential categories are excluded. Users who don't travel regularly won't extract proportional value.
Our recommendation: get this card if you travel 6+ times a year by flight, stay at hotels frequently, and use Postcard Hotels. For lower travel frequency, the HDFC Diners ClubMiles or IDFC FIRST Wealth deliver broader value.
Joining / Annual Fee
Joining Fees
₹3,539 ( ₹2999 + GST )
Annual Fees
₹3,539 ( ₹2999 + GST )
Joining fee is ₹2,999 plus GST. Annual fee is ₹2,999 plus GST from year two, non-waivable.
GST...
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Joining fee is ₹2,999 plus GST. Annual fee is ₹2,999 plus GST from year two, non-waivable. GST...
Joining fee is ₹2,999 plus GST. Annual fee is ₹2,999 plus GST from year two, non-waivable.
GST at 18% applies, so the total first-year cost is ₹3,539. The annual fee from year two is also ₹3,539.
The non-waivable fee structure means heavy spenders must extract value through the lounge access, concentrated travel rewards, and milestone benefits to justify the cost.
View FAQ
Commonly Asked Questions
Q. What is the joining fee?
A. ₹2,999 plus 18% GST, totalling ₹3,539.
Q. Can the annual fee be waived?
A. No, the annual fee is non-waivable.
Q. Is the joining fee offset?
A. Partially. The 2,500 welcome reward points (₹625 value) and ₹5,000 Postcard Hotels voucher partially offset the joining fee.
Q. Is GST applicable?
A. Yes, 18% GST applies.
Eligibility
Age
Criteria*
21-65 years
Salary
Criteria*
12LPA
Credit
Rating*
750+
New to credit
allowed
Yes
Existing Bank
Customer Allowed
Yes
Applicants must be between 21 and 65 years of age. The minimum annual income is ₹12 LPA for both sa...
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Applicants must be between 21 and 65 years of age. The minimum annual income is ₹12 LPA for both sa...
Applicants must be between 21 and 65 years of age. The minimum annual income is ₹12 LPA for both salaried and self-employed (₹1,00,000 monthly).
A CIBIL score of 750 or above is required. IDFC FIRST Bank also considers credit behaviour and payment history.
You must be a resident Indian citizen with valid PAN, Aadhaar, and address proof.
View FAQ
Commonly Asked Questions
Q. What is the minimum income?
A. ₹12 LPA for both salaried and self-employed.
Q. What CIBIL score is needed?
A. 750 or above.
Q. Can senior citizens apply?
A. Yes, the age limit of 65 makes this card accessible to senior professionals.
Q. Are NRIs eligible?
A. No, only resident Indian citizens.
All Card Benefits
- Enjoy a low forex markup of just 1% on International transactions also applicable to international transactions charged in Indian currency
- Up to 4 Indian airport lounge visits, 2 global airport lounge visits, and 4 railway lounge visits per quarter, subject to minimum monthly spends of ₹20,000
- Flat ₹5,000 discount on bookings of ₹25,000 or more at The Postcard Hotels & Resorts, once every calendar quarter using promo code IDFCVIP
- Annual fee benefit of 7,500 Reward Points (worth up to ₹3,000) on spends of ₹8 lakhs in the previous anniversary year, subject to payment of the ₹2,999 + GST annual fee
- Up to 60 Reward Points per ₹150 on hotel bookings and 40 Reward Points per ₹150 on flight bookings via the IDFC FIRST Bank Mobile App, capped at 15,000 bonus Reward Points per calendar month
The Ashva combines premium travel benefits with accelerated rewards on flights, hotels, and forex.
...
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The Ashva combines premium travel benefits with accelerated rewards on flights, hotels, and forex. ...
The Ashva combines premium travel benefits with accelerated rewards on flights, hotels, and forex.
The lounge access is exceptional. You get 4 complimentary Indian airport lounge visits + 2 complimentary international airport lounge visits + 4 complimentary railway lounge visits per quarter, conditional on minimum monthly spend of ₹20,000. Active users extract 16 Indian + 8 international + 16 railway lounges annually, worth approximately ₹40,000+ in retail lounge value.
Reward earning is concentrated on travel. You earn 40 reward points per ₹150 on flight bookings (about 6.67% effective at ₹0.25 per point), 60 reward points per ₹150 on hotel bookings (10% effective, capped at 15,000 RPs per month), and 4 reward points per ₹150 on other retail spends (0.67% effective).
For a user spending ₹50,000 annually on flights and ₹30,000 annually on hotels, the card delivers approximately ₹3,333 (flights) + ₹3,000 (hotels) = ₹6,333 in concentrated travel rewards. The 10% hotel cashback is competitive with the ICICI MakeMyTrip's 6% MMT rate.
Welcome benefits include up to 2,500 reward points on first transaction within 30 days. The Postcard Hotels discount voucher worth ₹5,000 is a unique benefit, useful for users planning premium boutique hotel stays.
Milestone benefit is 7,500 reward points on annual spend of ₹8 lakh, paid as annual fee benefit (deemed as a renewal incentive). Combined with welcome benefits and concentrated rewards, the total annual potential value reaches ₹15,000+ for heavy travellers.
The forex markup is 1% on international transactions, significantly better than the 3.5% standard. The card is accepted globally on the Visa network.
Other features include purchase protection, lost card liability cover, and Visa Infinite concierge service. Fuel surcharge waiver is 1% on transactions between ₹400 and ₹4,000.
View FAQ
Commonly Asked Questions
Q. What is the flight reward rate?
A. 40 reward points per ₹150 on flight bookings, equivalent to about 6.67% effective return at ₹0.25 per point.
Q. What is the hotel reward rate?
A. 60 reward points per ₹150 on hotel bookings (10% effective), capped at 15,000 RPs per month.
Q. What is the milestone benefit?
A. 7,500 reward points on annual spend of ₹8 lakh, paid as annual fee renewal benefit.
Q. What is the forex markup?
A. 1% on international transactions, significantly better than the 3.5% standard.
Q. What are the lounge benefits?
A. 4 Indian + 2 international + 4 railway lounge visits per quarter on ₹20,000 monthly spend.
Q. What is the Postcard Hotels benefit?
A. ₹5,000 discount voucher for stays at Postcard Hotels, a premium boutique hotel brand.
Q. Is concierge service included?
A. Yes, 24x7 Visa Infinite concierge service is included.
Milestone Benefits
7500 reward points(Worth ~ ₹3,000)
Spend ₹8,00,000 in 365 days
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Reward Points = ₹0.25
Redemption Options
- Flights & Hotels Booking
To check redemption catalogue
Reward redemption is done through the IDFC FIRST Rewards portal at firstrewards.in or the IDFC FIRS...
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Reward redemption is done through the IDFC FIRST Rewards portal at firstrewards.in or the IDFC FIRS...
Reward redemption is done through the IDFC FIRST Rewards portal at firstrewards.in or the IDFC FIRST Bank Mobile app.
1 reward point = ₹0.25 across the IDFC FIRST Rewards catalogue. You can redeem for vouchers, merchandise, travel bookings, and partner offers.
There is no redemption fee. Reward points do not expire as long as the card is active.
View FAQ
Commonly Asked Questions
Q. What is the redemption value?
A. 1 reward point = ₹0.25 across the IDFC FIRST Rewards catalogue.
Q. Is there a redemption fee?
A. No, there is no redemption fee.
Q. Do reward points expire?
A. No, reward points do not expire as long as the card is active.
Gift card - Key Terms
Once you apply, we will start tracking your application
Generally takes 2-72 hrs
Once the bank confirms us of your successful card activation, we will process your rewards
Generally takes 7-75 days
You can then withdraw your rewards via Amazon Pay Balance/Flipkart gift cards
Generally takes 7-75 days
Note: If you currently hold or have ever held an IDFC Credit Card, you are not eligible for CashKaro Rewards.
Rewards Related
- If you currently hold or have ever held an IDFC Credit Card, you are not eligible for Gift Card
- A minimum transaction of Rs.100 within 30 days is mandatory to activate your card; otherwise, you wont be eligible for the Rewards
- Please use Aadhaar linked mobile number to fill the application
- If the distance between your residence and office addresses is 150 km or more, please ensure that your residence is selected as the mailing address. Applications not adhering to this will be rejected
- VKYC done over 50km from your Aadhaar/communication address will result in application rejection and loss of Rewards
Also, Remember
- Resume your application only via Great.Cards to avoid losing Rewards
- If your Rewards do not track, raise a Missing Rewards Ticket within 30 Days from the application date
- Rewards can only be redeemed as Amazon Pay Balance and Flipkart Gift Card
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Fuel Spends
Insurance Payments
Education Payments
Wallet Loads
Government Payments
Rent Purchases
Utility Bills
EMIs
Cash Withdrawals
For Spends Waiver
Fuel Spends
Insurance Payments
Education Payments
Wallet Loads
Government Payments
Rent Purchases
Utility Bills
EMIs
Cash Withdrawals
Excluded categories from reward points typically include insurance, EMI conversions, cash withdrawa...
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Excluded categories from reward points typically include insurance, EMI conversions, cash withdrawa...
Excluded categories from reward points typically include insurance, EMI conversions, cash withdrawals, utilities, grocery, FASTag recharges, education spends, rent payments, government-related transactions, and wallet loads.
Refer to the latest MITC for the full exclusion list.
View FAQ
Commonly Asked Questions
Q. Are utility payments excluded?
A. Yes, utilities are excluded.
Q. Do grocery spends earn rewards?
A. No, grocery is excluded.
Q. Are FASTag recharges rewarded?
A. No, FASTag is excluded on the Ashva.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  1% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 1% |
APR Fees Interest rates are dynamic and range from 0.71% to 3.85% per month (8.5%–46.2% p.a.). | 3.85% |
ATM withdrawal A ₹199 fee is charged per domestic cash withdrawal, with 0% interest until the due date (up to 45 days). | ₹199 |
Reward Redemption Fees A reward redemption handling fee of ₹99 plus applicable GST is charged per redemption request. | ₹99 |
Link for all T&Cs | Click Here |
Railway Surcharge 1% fee beyond ₹25,000 Passenger Railway spends per statement cycle; platform charges extra. | 1% |
Rent Payment Fees 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges | 1% |
cheque Payment Fees No cheque payment fee is charged | N/A |
Cash Payment Fees N/A | N/A |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹100 | ₹0 |
| ₹500 | ₹100 |
| ₹5000 | ₹750 |
| ₹8000 | ₹1200 |
| ₹10,000 | ₹1300 |
| ₹10,000 & above | ₹1300 |
Joining fee ₹2,999 plus GST. Annual fee ₹2,999 plus GST from year two, non-waivable.
Forex mar...
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Joining fee ₹2,999 plus GST. Annual fee ₹2,999 plus GST from year two, non-waivable. Forex mar...
Joining fee ₹2,999 plus GST. Annual fee ₹2,999 plus GST from year two, non-waivable.
Forex markup is 1% on international transactions.
APR on revolving balances is 3.95% per month, equivalent to 47.40% per annum.
Cash advance fee is 2.5% of withdrawn amount, minimum ₹500. Reward redemption fee is not applicable.
Railway surcharge is 1% of transaction amount. Rent payment processing charge is 1% of transaction.
Cheque payment charge is ₹100 per cheque. Cash payment at branch is ₹100 per transaction.
Late payment charges are slab-based: ₹0 below ₹500, ₹500 for ₹501 to ₹5,000, ₹750 for ₹5,001 to ₹10,000, and ₹1,200 for balances above ₹10,000.
| Fee Type | Amount |
|---|---|
| Joining Fee | ₹2,999 + GST |
| Annual Fee | ₹2,999 + GST (non-waivable) |
| Forex Markup | 1% |
| APR | 3.95% per month (47.40% p.a.) |
| Cash Advance Fee | 2.5% (min ₹500) |
| Reward Redemption Fee | Not Applicable |
| Railway Surcharge | 1% of transaction |
| Rent Payment Charge | 1% of transaction |
| Cheque Payment Charge | ₹100 per cheque |
| Cash Payment at Branch | ₹100 per transaction |
| Late Payment Charges | ₹0 / ₹500 / ₹750 / ₹1,200 (slab-based) |
View FAQ
Commonly Asked Questions
Q. What is the interest rate?
A. 3.95% per month or 47.40% per annum.
Q. What is the forex markup?
A. 1% on international transactions, significantly better than 3.5% standard.
Q. What are late payment charges?
A. Slab-based from ₹0 to ₹1,200.
Q. Is the annual fee really non-waivable?
A. Yes, per current terms, the annual fee has no waiver mechanism.
Q. What is the cash advance fee?
A. 2.5% of withdrawn amount, minimum ₹500.
Q. Is there a redemption fee?
A. No, redemption is free.
Documents Required
Identity proof: PAN plus Aadhaar, Voter ID, passport, or driving licence. Address proof: Aadhaar, utility bills, rental agreement, passport, or driving licence.
Income proof for salaried: last 3 months' salary slips and 6 months' bank statement. Self-employed: last 2 years' ITR, business bank statement, and proof of business existence.
View FAQ
Commonly Asked Questions
Q. Is PAN mandatory?
A. Yes.
Q. What income proof is needed for salaried?
A. Last 3 months' salary slips and 6 months' bank statement.
Q. What income proof is needed for self-employed?
A. Last 2 years' ITR, business bank statement, and proof of business existence.
Who Should Get This Card?
The IDFC FIRST Ashva is built for moderate-to-heavy travellers who fly 4-6 times a year, stay at hotels 3-5 times annually, and want concentrated travel rewards plus exceptional lounge access. The card suits users in the ₹15-30 LPA income bracket.
For a user spending ₹60,000 annually on flights, ₹40,000 annually on hotels, and ₹5 lakh on other retail (₹6 lakh total annual), the card delivers approximately ₹4,000 (flights) + ₹4,000 (hotels) + ₹3,300 (retail) + ₹5,000 (Postcard voucher) + ₹2,000 (lounge value) = ₹18,300 in annual value. Against ₹3,539 annual fee, this is excellent value.
The 1% forex markup makes this card useful for international travellers who spend ₹1-2 lakh annually abroad.
This card is not the right pick if you spend heavily on excluded categories or do not travel regularly. The non-waivable annual fee adds pressure to extract travel-specific value every year. For heavier travellers with ₹7.5L+ travel spend, the Axis Atlas may deliver more value.
Credit Limit and What to Expect
The credit limit depends on income, CIBIL score, and existing obligations. For ₹12 to ₹25 LPA income profiles, typical starting limits range from ₹2,00,000 to ₹5,00,000.
IDFC FIRST offers enhancements after 6 to 12 months of regular usage. Cash advance limit is usually 20% to 40% of total limit.
View FAQ
Commonly Asked Questions
Q. What credit limit can I expect?
A. ₹2,00,000 to ₹5,00,000 for ₹12 to ₹25 LPA income.
Q. When can I request an increase?
A. After 6 to 12 months of regular usage.
Q. What is the cash advance limit?
A. 20% to 40% of total credit limit.
How to Apply?
Apply through the IDFC FIRST Bank website, partner platforms like BankKaro, or any IDFC FIRST branch.
Online application via idfcfirstbank.com is the most common route. Fill in PAN, Aadhaar, employment type, and monthly income. Upload digital copies of identity, address, and income proof.
IDFC FIRST Bank runs bureau and internal verification. Initial decision in 2 to 5 working days. Physical card dispatched within 7 to 14 working days.
View FAQ
Commonly Asked Questions
Q. Can I apply online?
A. Yes, through IDFC FIRST Bank, partner platforms, or any IDFC FIRST branch.
Q. How long does it take?
A. Initial approval in 2 to 5 working days; card dispatched within 7 to 14 working days.
Q. Is video KYC required?
A. Yes, for online applications.
That’s the full story of this credit card
Like this card? Your apply button’s just there.
Top Benefits
Apply and get ₹750 Rewards
Top Benefits
Earn up to 60 Reward Points on Hotel Bookings
via the IDFC FIRST Bank Mobile App, capped at 15,000 bonus Reward Points per calendar month
Earn 7,500 Reward Points Worth up to ₹3,000
as an annual fee benefit on spends of ₹8 lakhs in the previous anniversary year
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