IDFC First Bank Mayura Credit Card – Benefits, Fees & Eligibility

IDFC First Bank Mayura Credit Card

The Mayura Credit Card is a premium metal credit card from IDFC FIRST Bank, weighing a solid 17 grams and featuring an elegant peacock-themed design in a royal blue hue. As a super-premium offering, it is specifically designed for high-spenders and frequent travelers who value luxury and high reward rates. The card stands out for its zero foreign exchange markup and comprehensive travel benefits, including a unique trip cancellation cover. It is available on both the Mastercard World and Visa Infinite platforms, providing cardholders with a wide array of global lifestyle and dining privileges.

Welcome Benefits

• Reward Points Bonus: Earn up to 12,000 Reward Points, awarded in a tiered structure for cards generated on or after September 1, 2025:
  • 4,000 Reward Points upon successful payment of the joining fee.
  • 4,000 Reward Points on net spends of ₹20,000 or more during the second statement cycle.
  • 4,000 Reward Points on net spends of ₹20,000 or more during the third statement cycle.
• Historical Benefit (Prior to August 31, 2025): Cardholders received ₹1,000 cashback per transaction (capped at ₹4,000) for completing four transactions of ₹1,000 or more within 60 days of card issuance.
• Eligibility Note: The Joining Fee Payment Benefit is offered only once per customer.

Fees

• Joining Fee: ₹5,999 + GST (Upfront payment is required for the dispatch of the metal card; fee is non-refundable).
• Annual Fee: ₹5,999 + GST (Applicable from the second card anniversary year onwards).
• Add-on Credit Card Fees:
  • Joining Fee (Metal Variant): ₹4,000 + GST.
  • Joining Fee (Plastic Variant): ₹3,000 + GST.
  • Annual Fee (Both Variants): ₹2,000 + GST.
• Foreign Currency Markup: 0% (Zero).
• Cash Advance Fee: ₹199 + GST per transaction (Applicable for domestic and international ATM withdrawals).
• Rewards Redemption Fee: ₹99 + GST per redemption.
• Interest Rates: Monthly rate ranges from 0.75% to 3.65% (Annual rate 9% to 43.8%).
• Fuel Surcharge Waiver: 1% waiver on fuel transactions between ₹200 and ₹5,000. The waiver is capped at ₹300 per statement cycle (effective February 20, 2025).

Rewards

Reward Point Earning Structure

• 10X Reward Points: On incremental spends above ₹20,000 in a monthly statement cycle and on birthday spends.
• 5X Reward Points: On monthly spends up to ₹20,000.
• 5X Reward Points: On all international spends.
• 3X Reward Points: On Rent, Education, Government, and Wallet Load transactions.
• 1X Reward Point: On Insurance, Utility, Railways, and Fastag transactions.
• Base Rate: 1X = 1 Reward Point per ₹150 spent.
• Exclusions: Spends converted to EMI, Cash Withdrawals, Fuel, and Fees/Charges do not earn reward points.

Accelerated Travel Rewards

• 50X Reward Points: On Hotel Bookings made via the "Travel and Shop" section of the IDFC FIRST Bank Mobile App (Approx. 16.66% reward rate).
• 30X Reward Points: On Flight Bookings made via the "Travel and Shop" section of the IDFC FIRST Bank Mobile App (Approx. 10% reward rate).
• Capping: Bonus rewards on travel bookings are capped at 25,000 points per month.

Annual Milestone Benefits

• Level 1: 7,500 Reward Points (worth up to ₹3,750) on spending a minimum of ₹8 Lakhs in a card anniversary year.
• Level 2: 15,000 Reward Points (worth up to ₹7,500) on spending a minimum of ₹15 Lakhs in a card anniversary year.
• Note: Cardholders can only avail one of these two milestone benefits per year.

Movies and Dining

• Movie Offer: Buy One Get One (BOGO) free offer on movie tickets via the District by Zomato App (previously via BookMyShow until June 30, 2025). Get up to ₹500 off on the second ticket, twice a month.
• Mastercard Culinary Club: Access and discounts at over 350 fine-dining restaurants across 16 cities.
• Visa Infinite Dining: Up to 20% off at participating restaurants and priority access to curated dining experiences.

Travel and Lounge Access

• Domestic Airport Lounges: 4 complimentary visits per quarter across India, including 1 complimentary guest visit per quarter.
• International Airport Lounges: 4 complimentary visits per quarter to global lounges.
• Railway Lounges: 4 complimentary visits per quarter at select Indian railway terminals.
• Lounge Access Condition: Benefit is unlocked in the next calendar month by spending ₹20,000 or more in the current calendar month.
• Trip Cancellation Cover: Reimbursement of up to ₹50,000 (twice a year) for non-refundable portions of flight and hotel cancellations for any reason.
• The Postcard Hotels & Resorts: Flat discount of ₹5,000 on a minimum booking of ₹25,000 using promo code "IDFCVIP" (once per quarter).

Golf Benefits

• Complimentary Golf: Access to up to 24 complimentary golf rounds or lessons per year.
• Mastercard World Program: 4 complimentary green fee rounds and 12 complimentary lessons per year (max 1 per month).
• Spend-Based Rounds: Unlock 1 golf round or lesson per month for every ₹20,000 and ₹40,000 spent respectively in the previous cycle.
• APAC Program: 50% off on rounds/lessons across various Asia-Pacific countries including Australia, Japan, and more.

Insurance and Protection

• Air Accident Cover: ₹1 Crore.
• Personal Accident Cover: ₹10,00,000.
• Lost Card Liability Cover: ₹50,000.
• Comprehensive Travel Insurance (up to USD 1,200):
  • Loss of Checked-in Baggage: USD 500.
  • Delay of Checked-in Baggage: USD 100.
  • Loss of Passport and other documents: USD 300.
  • Delay in Flight: USD 300.
• Insurance Condition: Valid if at least one transaction was made on the card in the last 30 days.

Rewards Redemption Guide

• Redemption Value for Travel: 1 Reward Point = ₹0.50 when used for hotel and flight bookings via the "Travel and Shop" or "FIRST Rewards Gallery" section on the IDFC FIRST Bank Mobile App.
• Redemption Value for Other Options: 1 Reward Point = ₹0.25 for purchasing gift vouchers, products, or using "Pay using reward points" for select online transactions.
• Redemption Rules:
  • Points can be used for up to 70% of the travel booking amount (balance must be paid via the card).
  • Monthly redemption capping: 1,50,000 points (₹75,000 value for travel).
  • Annual redemption capping: 3,00,000 points (₹1,50,000 value for travel).
• Validity: Reward points never expire as long as the card is active.

Card Eligibility Criteria

• Application Basis: The card can be applied for on a card-to-card (C2C) basis. Applicants must provide details of their existing credit card from another bank, including the card number and limit, to simplify the approval process.

Card Review

• Verdict: The Mayura Credit Card is an ideal choice for the premium segment, especially for global travelers who spend significantly. While the joining fee is high, the card provides extensive luxury perks that can offer high value for those who utilize its lifestyle benefits.
• Pros:
  • True zero forex markup on all international transactions.
  • Rare guest visit privilege for domestic airport lounges.
  • Comprehensive insurance, including "Cancel For Any Reason" trip cover.
  • Rewards are granted on categories often excluded by other cards (Rent, Education, Insurance).
  • 17g premium metal build with a distinct aesthetic.
• Cons:
  • High joining and annual fees (₹5,999) compared to similar cards like the Ashva card.
  • Lack of significant spend-based annual fee waivers for the second year onwards.
  • Reward points earning rate for regular spends is identical to the lower-fee Ashva variant.
  • Spend-based requirement (₹20,000/month) to unlock lounge and railway benefits.

Important Product Details

• Positive Highlights:
  • Zero forex markup charges.
  • Interest-free cash withdrawals from ATMs worldwide for up to 45 days.
  • Never-expiring reward points.
  • High redemption value of ₹0.50 for travel.
  • Inclusive lounge access covering domestic, international, and railway terminals.
• Negative Highlights:
  • Upfront payment of joining fee required before card dispatch.
  • Monthly spend threshold for airport lounge eligibility.
  • Maximum cash withdrawal limit of ₹10,000 per transaction.

Other Details

• UPI Payments: The card is powered for UPI, allowing it to be linked to UPI apps for seamless payments.
• Little Emperors Hotel Club: Complimentary 1-year Travel Tier membership (worth £299), providing exclusive rates at 5,000+ hotels worldwide.
• Roadside Assistance: Complimentary 24/7 roadside assistance worth ₹1,399 for emergencies while traveling.
• Visa Infinite Exclusive Stays:
  • ITC Hotels: Stay for 3 nights and pay for 2, or get 50% off the second night.
  • Elivaas Properties: Stay for 3 nights and pay for 2, or get 50% off the second night.
• Airport Services: Personalized airport Meet and Greet services and discounted limousine airport transfers.
• International Helpline: Travelers can contact the bank while abroad at +91 22 6248 5152.