IDFC First Bank Ashva Metal Credit Card – Benefits, Fees & Eligibility

1. Introduction

The Ashva Metal Credit Card, issued by IDFC FIRST Bank on the Visa Infinite network, is a premium offering designed for achievers who seek unmatched experiences in travel and lifestyle. This exquisite metal card is ideal for global travelers and individuals with consistent monthly spending of ₹20,000 or more. Key highlights include a low 1% forex markup, up to 60X reward points on specific categories, and comprehensive travel benefits such as complimentary airport lounge access and free trip cancellation protection.

2. Fees & Waiver Math

Fees

• Joining Fee: ₹2,999 + 18% GST = ₹3,538.82 (Explicit)
• Annual Fee: ₹2,999 + 18% GST = ₹3,538.82 (2nd year onwards) (Explicit)
• Add-on Credit Card Joining Fee (Metal Variant): ₹2,000 + 18% GST = ₹2,360 (Explicit)
• Add-on Credit Card Joining Fee (Plastic Variant): ₹1,500 + 18% GST = ₹1,770 (Explicit)
• Add-on Credit Card Annual Fee (Both Variants): ₹1,000 + 18% GST = ₹1,180 (Explicit)
• Upfront Payment: Joining Fee + GST is required upfront for dispatch of the metal credit card and is non-refundable (Explicit).

Waiver Logic

• Annual Fee Waiver: No spend-based annual fee waiver is offered (Explicit).
• Annual Fee Payment Benefit: Spend a minimum of ₹8 Lakhs in the previous card anniversary year and get 7,500 Reward Points (worth up to ₹3,000) (Explicit).

Charges

• Interest Rate: Up to 46.2% Annually (Explicit)
• Foreign Currency Markup: 1% + GST (Explicit)
• Cash Advance Fee: ₹199 + 18% GST = ₹234.82 per transaction (Explicit)
• Fuel Surcharge Waiver: 1% waiver up to ₹300 in a statement cycle on transactions between ₹200 & ₹5,000 (Effective 20th February 2025) (Explicit)
• Reward Redemption Fee: ₹99 + 18% GST = ₹116.82 (Explicit)
• Railway Lounge Authorization Fee: ₹2 (Explicit)

Late Payment Charges (TABLE)

No data available from input

3. Rewards & Milestone Matrix

Reward Earning Structure (TABLE)

Accrual Logic

• Base Rate: 1X = 1 Reward Point per ₹150 spent (Explicit)
• Never Expiring: Reward points never expire and remain valid as long as the credit card is active (Explicit)
• Crediting: Reward points are credited upon statement generation (Explicit)
• 10X Milestone Calculation: Only transactions settled by the merchant before the statement generation will be considered for 10X rewards. If a transaction is settled after the statement is generated, it will not accrue 10X rewards for that cycle and will be credited after the next statement generation (Explicit).

Milestones

• Joining Fee Payment Benefit:
  • Get 2,500 reward points on successful payment of the joining fee (Explicit).
  • Earn another 2,500 reward points on net spends of ₹20,000 or more in your 2nd statement cycle (Explicit).
  • Earn 2,500 more reward points on net spends of ₹20,000 or more in your 3rd statement cycle (Explicit).
  • Total: Up to 7,500 Reward Points (worth up to ₹3,000 if redeemed for maximum value) (Explicit).
  • Applicability: For cards generated on or after 1st September 2025. Offered once per customer; not eligible if previously held the Ashva Credit Card (Explicit).
• Annual Spending Milestone:
  • Spend ₹8,00,000 or more in a card anniversary year (Explicit).
  • Get 7,500 Reward Points (worth up to ₹3,000) (Explicit).
  • Reward points will be credited on payment of the annual fee for the next year (Explicit).
  • Transactions on primary, add-on, and associated FIRST Digital (UPI) Credit Card will be considered towards the milestone, including EMI transactions (Explicit).
  • Exclusions: Cash withdrawal, fee charges, and EMI amortization are excluded from this benefit (Explicit).

Threshold-Based Benefits

• Airport Lounge Access (Domestic & International): Spend ₹20,000 or more in the current calendar month to avail the benefit in the next month (Explicit).
• Railway Lounge Access: Spend ₹20,000 or more within the current calendar month to access railway lounge benefits in the following month (Effective 20th February 2025) (Explicit).
• Golf Privileges: Unlock 1 golf round/lesson per month on spending ₹20,000, and 2 rounds/lessons on spending ₹40,000 in the previous statement cycle (Explicit).

4. Redemption, Liquidity & Partners

Point Value

• Travel Bookings: 1 Reward Point = ₹0.40 for hotel and flight bookings via "Travel and Shop" / "FIRST Rewards Gallery" Section on IDFC FIRST Bank Mobile App (Explicit).
• Other Redemptions: 1 Reward Point = ₹0.25 for other redemption options (purchasing gift vouchers, products on "FIRST Rewards Gallery", "Pay using reward points" on online transaction, cashback against statement) (Explicit).

Liquidity Constraints

• Redemption Fee: Reward Redemption Fee of ₹99 + GST applies (Explicit).
• Bonus RP Cap: A maximum of 15,000 Bonus Reward Points can be earned each month on Hotel/Flight bookings (Explicit).

Transfer Partners (TABLE IF EXISTS)

No data available from input

5. Forex & International

Forex Table

6. Travel & Lifestyle Benefits

• Airport Lounge Access:
  • 4 complimentary visits per quarter to airport lounges in India (Explicit).
  • 2 complimentary visits per quarter to global airport lounges (Dreamfolks card required) (Explicit).
  • Available for primary and add-on cardholders (Explicit).
  • Condition: Spend ₹20,000 or more in the current calendar month to avail the benefit in the next month (Explicit).
• Railway Lounge Access:
  • 4 complimentary railway lounge visits per quarter at select Indian Railway Terminals (Explicit).
  • Available for primary and add-on cardholders (Explicit).
  • Condition: Spend ₹20,000 or more within the current calendar month to access benefits in the following month (Effective 20th February 2025) (Explicit).
  • Facilities: Up to two hours stay, one buffet meal (breakfast, lunch, or dinner), unlimited tea/coffee, newspapers, magazines, free Wi-Fi (Explicit).
  • Re-access: Cardholders must wait 24 hours to re-access the lounge after a successful swipe (Explicit).
• Free Trip Cancellation Protection:
  • Reimbursement of up to ₹25,000, twice a year, for non-refundable flight and hotel cancellations (Explicit).
  • "Cancel for Any Reason" cover (Explicit).
  • Condition: Cardholder must cancel the booking at least 24 hours before the scheduled travel date (Explicit).
• The Postcard Hotels & Resorts:
  • Flat discount of ₹5,000 on a minimum booking of ₹25,000 (Explicit).
  • Frequency: Once every calendar quarter (Explicit).
  • Promo Code: IDFCVIP (Explicit).
  • Validity: Till 10th Feb 2027 (Explicit).
• Premium Golf Privileges:
  • Up to 2 complimentary golf rounds/lessons every month (Explicit).
  • Condition: Unlocked by spending ₹20,000 (for 1 round/lesson) and ₹40,000 (for 2 rounds/lessons) in the previous statement cycle (Explicit).
  • Applicability: Available for primary Ashva Credit Cardholders only (Explicit).
• Exclusive Movie Delights:
  • Buy one, get one free movie tickets (Explicit).
  • Maximum discount of ₹400 on the second ticket (Explicit).
  • Frequency: Twice a month (Explicit).
  • Annual Benefit: Up to ₹9,600 (Derived).
  • Booking Platform: Avail via District App by Zomato (Starting 1st July 2025). Till 30th June 2025, BookMyShow can be used (Explicit).
• ITC Hotels Offers (VISA Infinite Privileges):
  • Stay for 3, Pay for 2 (complimentary 3rd night for every 2 consecutive paid nights) using promocode ITCVIS (Explicit).
  • OR Get 50% off your 2nd night (Stay for 2 nights