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

Introduction

The IDFC First Bank Mayura Credit Card is positioned as one of IDFC First Bank’s most premium offerings, designed for the affluent segment. It is a heavyweight metal card, weighing 17 grams, featuring an ornate peacock design that provides a super premium look and feel. This card is particularly suited for frequent travelers and high-spenders, offering zero foreign exchange charges, extensive airport and railway lounge access, and a robust rewards program that includes up to 40X Reward Points on travel bookings.

Welcome Benefits

• Earn 12,000 Reward Points as a joining benefit, awarded across three statement cycles (applicable 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 in the second statement cycle (after joining fee realization).
  • 4,000 Reward Points on net spends of ₹20,000 or more in the third statement cycle (after joining fee realization).
• This joining fee payment benefit is offered only once per customer; previous cardholders are not eligible again.

Fees

• Joining Fee (Primary Credit Card): ₹5,999 + GST. This fee is required upfront for the dispatch of the metal credit card and is non-refundable.
• Annual Fee (Primary Credit Card): ₹5,999 + GST (applicable from the second year onwards).
• Add-on Credit Card Fees:
  • Joining Fee (Metal Variant): ₹4,000 + GST per add-on card.
  • Joining Fee (Plastic Variant): ₹3,000 + GST per add-on card.
  • Annual Fee (Both Variants): ₹2,000 + GST per add-on card.
• Rewards Redemption Fee: ₹99 + GST.
• Foreign Currency Markup: Zero (0%) on international transactions.
• Interest Rates:
  • Monthly Rate: 0.75% – 3.65%
  • Annual Rate: 9% – 43.8%
• Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between ₹200 and ₹5,000, with a maximum waiver of ₹300 per statement cycle.
• Cash Advance Charges: ₹199 + GST per transaction. All ATM cash withdrawals are interest-free for up to 45 days, with a maximum withdrawal limit of ₹10,000 per transaction.

Rewards

• Reward Point Earning Structure:
  • Base Earn:
    • 10X Reward Points per ₹150 on incremental spends above ₹20,000 in a monthly statement cycle.
    • 5X Reward Points per ₹150 on spends up to ₹20,000 in a monthly statement cycle.
    • 5X Reward Points per ₹150 on international spends, which also contribute towards the monthly 10X rewards milestone calculation.
    • 3X Reward Points per ₹150 on Rent, Wallet Load, Education, and Government transactions.
    • 1X Reward Points per ₹150 on Insurance, Utility, Railways, and Fastag transactions.
  • Accelerated Reward Points for Travel Bookings (via IDFC Travel & Shop / FIRST Rewards Gallery on Mobile App):
    • 30 Bonus Reward Points per ₹150 on Hotel Bookings (total 40X including base earn).
    • 15 Bonus Reward Points per ₹150 on Flight Bookings (total 25X including base earn).
    • A maximum of 25,000 Bonus Reward Points can be earned each month.
  • Exclusions from Reward Point Earning: Fuel, transactions converted into EMI, fees or charges, loan on card, balance transfer, cash withdrawal transactions. Categories like Rent, Education, Government, Wallet Load, Utilities, Insurance, Railways, and Fastag do not count towards the ₹20,000 accelerated rewards threshold.
• Movie & Dining Benefits:
  • Movie Tickets: "Buy One Get One" free offer on movie tickets (up to ₹500 discount on the second ticket), available twice each month via District by Zomato (or BookMyShow until June 30, 2025). This benefit is unlocked by spending ₹20,000 in the previous month (effective June 18, 2026).
  • Dining Offers (Mastercard World Privileges): Exclusive offers, priority reservations, and curated dining experiences at over 350 fine-dine restaurants in 16 cities via the Mastercard Culinary Club program (valid until December 31, 2025).
  • Dining Discounts (VISA Infinite Privileges): Up to 20% off the total bill at participating restaurants.
• Travel Benefits:
  • Domestic Airport Lounge Access: 4 complimentary visits each quarter across India, totaling 16 visits per year. Includes one additional free guest visit each quarter. Eligibility requires spending ₹20,000 in the current calendar month for access in the next month.
  • International Airport Lounge Access: 4 complimentary visits each quarter, totaling 16 visits per year. Access via Dreamfolks card, with advance online bookings recommended. Eligibility requires spending ₹20,000 in the current calendar month for access in the next month.
  • Complimentary Railway Lounge Access: 4 complimentary visits each quarter across India, totaling 16 visits per year. Eligibility requires spending ₹20,000 or more in the previous month for access in the following month (effective February 20, 2025).
  • Free Trip Cancellation Cover (CFAR Insurance): Reimbursement of up to ₹50,000 twice a year for non-refundable flight/hotel bookings made with the Mayura Card. Available to primary and add-on cardholders for cancellations made 24 hours before the scheduled time.
  • The Postcard Hotels & Resorts: Flat discount of ₹5,000 on stays at The Postcard’s luxury hotels and resorts in India on a minimum booking of ₹25,000. This offer can be used once every calendar quarter using promo code IDFCVIP (valid until February 10, 2027).
  • Little Emperors Hotel Club Membership (Mastercard World Privileges): Complimentary 1-year Travel Tier membership (worth £299/year) providing access to exclusive rates and benefits at over 5,000 hotels worldwide. Redeem using promo code "mc1" on the Mastercard - Little Emperors website.
  • ITC Hotels (VISA Infinite Privileges):
    • Stay for 3, Pay for 2 at ITC Hotels (use promocode ITCVIS).
    • Get 50% off your 2nd night at ITC Hotels (use promocode ITCV50).
  • Elivaas (VISA Infinite Privileges):
    • Stay for 3, Pay for 2 at Elivaas properties.
    • Get 50% off your 2nd night at Elivaas properties.
  • Airport Meet and Greet Service (VISA Infinite Privileges):
    • One complimentary meet & greet service per year at major Indian airports, available on spending USD 1000 (approx. INR 85,000) on international point-of-sale transactions in the past 12 months.
    • Flat 10% discount on meet & greet service for all other instances or more than one guest at major Indian airports.
    • Discounts on Airport Fast-track immigration service at over 450 destinations worldwide.
  • Airport Transfer Discounts (VISA Infinite Privileges): Attractive discounts on airport transfer limousine services in over 3000 cities across 83 countries.
  • Luxury Hotel Benefits (VISA Infinite Privileges): Access to over 900 luxury hotels worldwide with benefits such as automatic room upgrade, complimentary in-room Wi-Fi, complimentary continental breakfast, VIP Guest status, and 3 PM check-out upon request.
  • Concierge (VISA Infinite Privileges): Personalized assistance for dining, staycations, flights, and activities.
• Golf Benefits:
  • 2 free golf rounds/golf lessons each month. Each round/lesson is unlocked for every ₹20,000 spent in the previous statement cycle.
  • Mastercard World India Golf Program: 4 complimentary rounds of green fees per calendar year (max 1 round/month) and 12 complimentary golf lessons per calendar year (max 1 lesson/month).
  • Mastercard World APAC Golf Program: 50% off on golf rounds or lessons across Australia, Bangladesh, China, Hong Kong, Japan, Macao, New Zealand, South Korea, Sri Lanka, and Taiwan.
• Insurance Benefits:
  • Purchase Protection.
  • Travel Insurance: Coverage up to USD 1,200 for loss of checked-in baggage (USD 500), delay of checked-in baggage (USD 100), loss of passport and other documents (USD 300), and delay in flight (USD 300).
  • Free Trip Cancellation Cover (as detailed above).
  • Personal Accident Cover: ₹10,00,000.
  • Air Accident Cover: ₹1 Crore.
  • Lost Card Liability Cover: ₹50,000. These covers are valid on making at least one transaction on the Mayura Credit Card in the last 30 days.
  • Roadside Assistance: Complimentary service worth ₹1,399.
• Annual Milestone Benefits:
  • Spend a minimum of ₹8 Lakhs in the previous card anniversary year to get 7,500 Reward Points (worth up to ₹3,750).
  • OR, spend a minimum of ₹15 Lakhs in the previous card anniversary year to get 15,000 Reward Points (worth up to ₹7,500).
  • Only one of these benefits can be availed. Transactions on primary, add-on, and associated FIRST Digital (UPI) Credit Cards are considered, excluding cash withdrawals, fees, charges, and EMI amortization.

Rewards Redemption Guide

• Value of Reward Points:
  • 1 Reward Point = ₹0.50 for hotel and flight bookings made via the "IDFC Travel & Shop" or "FIRST Rewards Gallery" section on the IDFC FIRST Bank Mobile App.
  • 1 Reward Point = ₹0.25 for all other redemption options, including purchasing gift vouchers, products on the "FIRST Rewards Gallery" section, and "Pay using reward points" on select online transactions.
• Usage for Travel Bookings: Points can be used to cover up to 70% of the total booking value (including taxes and fees). The remaining amount must be paid using the Mayura Credit Card.
• Redemption Capping:
  • Maximum of 150,000 Reward Points (worth ₹75,000) can be redeemed per month for travel bookings.
  • Maximum of 300,000 Reward Points (worth ₹1,50,000) can be redeemed per year.
• Validity: Reward points never expire as long as the credit card is active.
• Crediting: Reward points are credited upon statement generation.

Card Eligibility Criteria

• The Mayura Credit Card can be applied for on a card-to-card (C2C) basis by providing details of another bank's credit card.
• For first-time IDFC FIRST Bank unsecured credit card applicants, the credit limit is determined as per internal policies.
• For existing IDFC FIRST Bank unsecured credit cardholders, the new Mayura Credit Card will share the same credit limit across all unsecured credit cards.

Card Review

The IDFC First Bank Mayura Credit Card is a premium offering with a substantial fee of ₹5,999 + GST. While it provides welcome benefits of 12,000 Reward Points, these may not fully offset the annual fees for all users. This card is highly beneficial for individuals with high spending habits, particularly those who travel frequently, both domestically and internationally. Its standout features include zero foreign exchange charges, extensive complimentary access to domestic and international airport lounges (including guest access), railway lounges, and a valuable trip cancellation cover. Golfing privileges and movie offers further enhance its appeal.

Pros:

• Excellent for frequent travelers due to zero foreign exchange charges and abundant airport/railway lounge access.
• Includes a valuable Trip Cancellation Cover worth ₹50,000, twice a year.
• Offers a wide array of lifestyle benefits including golf, dining, and luxury hotel perks.
• Easy application process, including a card-to-card option.
• Reward points never expire.

Cons:

• The hefty joining and annual fees may not be fully compensated by welcome benefits for moderate spenders.
• The reward rate, while good, is noted to be similar to the Ashva Credit Card, which might be a point of consideration for some premium users.
• There are no explicit renewal benefits or spend-based annual fee waivers, though annual milestone benefits are available.
• Eligibility for certain benefits (like lounge access, movie offers, golf) requires a minimum spend of ₹20,000 in the previous/current month, which might be a hurdle for some.

Overall Verdict: The Mayura Credit Card is best suited for high-net-worth individuals who frequently travel internationally and have significant monthly expenditures, allowing them to maximize the card's extensive travel, lifestyle, and reward benefits.

Important Product Details

• The Mayura Credit Card is a premium metal credit card with a joining and annual fee of ₹5,999 + GST.
• Offers up to 40X Reward Points on travel bookings and 10X Reward Points on incremental spends of ₹20,000 or more per statement cycle.
• Provides extensive complimentary access to both international (4/quarter) and domestic (4/quarter + 1 guest/quarter) airport lounges, and 4 complimentary railway lounge accesses per quarter.
• Features zero foreign currency markup charges, making it ideal for international transactions.
• Includes a Free Trip Cancellation Cover of up to ₹50,000 twice a year and comprehensive travel insurance.
• Application is relatively easy, with a card-to-card application option available.
• Reward points never expire.

Other Details

• The card is available on Mastercard World and Visa Infinite network variants.
• The joining fee is charged upfront and is non-refundable, required for the dispatch of the metal credit card.
• Digital card activation and dispatch of the physical metal card occur after the upfront joining fee payment.
• The metal credit card is dispatched within 5 working days after the joining fee payment.
• The card is UPI-enabled.
• Terms and Conditions apply to all benefits and offers, and users are encouraged to review them for full details.
• For international assistance, cardholders can contact +91 22 6248 5152.