IDFC First Bank Mayura Credit Card Review
IDFC First Bank Mayura Credit Card
Overview
IDFC First Bank has entered the metal credit card scene with the launch of two super-premium cards – the IDFC First Ashva metal credit card and the IDFC First Bank Mayura credit card. This review will focus on the IDFC First Bank Mayura credit card, a prestigious addition to the bank’s offerings.
The IDFC First Bank Mayura credit card is not just about the metal finish; it promises a premium experience with a bunch of perks. Whether you are a frequent traveller or someone who loves exclusive benefits, this card aims to cater to your lifestyle needs.
If you are curious about what makes the IDFC First Bank Mayura credit card stand out, keep reading. I will cover all the features, fees, and benefits so you can make an informed decision.
At A Glance
IDFC First Bank Mayura Credit Card
- Joining Fee: Rs 5999 + GST
- Annual Fee: Rs 5999 + GST
- Reward Type: Reward Points
- Best Feature(s): Airport Lounge Access, Shopping, Reward Points
Welcome Benefits
IDFC First Bank Mayura Credit Card
- Rs 4000 cashback + 10,000 Reward Points worth Rs 2500 on applying before 30th November 2024
Fees & Charges
| Description | Fees & Charges |
|---|---|
| Joining Fee | Rs 5999 + GST |
| Annual / Renewal Fee | Rs 5999 + GST |
| Add-on Card Fee | For Metal variant: Joining Fee: Rs 4000 Annual Fee: Rs 2000 For Plastic variant: Joining Fee: Rs 3000 Annual Fee: Rs 2000 |
| Image Personalisation Fee | For primary card: Joining Fee: Rs 499 Annual Fee: NIL For add-on card: Joining Fee: Rs 499 Annual Fee: NIL |
| Interest Rate on Purchases, Cash Advances and outstanding balances due (will be charged if payment made is between Minimum Amount Due and Total Amount Due values) | Monthly Rate: 0.75% - 3.65% Annual Rate: 9% - 43.8% |
| Overdue Interest (will be charged on non-payment of Minimum Amount Due (MAD) by the Payment Due Date) | Monthly Rate: 3.99% Annual Rate: 47.88% |
| Reward Redemption Fee | Rs 99 per redemption transaction |
| Foreign Currency Markup Charges | NIL |
| Fuel Surcharge Waiver | 1% Fuel Surcharge Waiver on Fuel Transactions value between Rs 200 and Rs 5000 ( Max amount of Fuel Surcharge waiver per statement cycle : Rs 500 ) |
Exclusive Inaugral Offer
For the first time usage
As per regulatory guidelines Online, Contactless and International transactions are disabled at the time of delivery.
To enable these transactions, download the IDFC Bank app and use the following path:
Card Controls > Set preferences > Save changes
Milestone Benefits
Spend at least Rs 8 lakhs during your card anniversary year to unlock 7,500 reward points, valued at Rs 1,875!
Spend Rs 15 lakhs or more in your card anniversary year and earn 15,000 reward points, valued at Rs 3,750!
Indulge in “Maharaja-Style” Rewards with Mayura!
The IDFC First Bank Mayura Credit Card offers accelerated reward points on certain category spends. Refer to the table below for more info:
| Spend Category | Accelerated Rewards |
|---|---|
| Birthday Spends | 10X RP |
| Incremental monthly spends above Rs 20,000 | 10X RP |
| Monthly spends under Rs 20,000 | up to 5X RP |
| Rent, Education, Wallet Load and Government Transactions | 3X RP |
| Insurance & Utilities | 1X RP |
Rewards Redemption
The IDFC Mayura credit card has a rewards redemption portal where you can redeem them for a huge number of options.
Reward points: They never expire
And also, let me re-iterate that you need to pay a redemption fee to redeem your reward points.
Reward Points – Redemption Fee: Rs 99 + GST
Now, once this is all said and done, here is the redemption portal:
Travel Benefits
Zero Forex Markup Charges
Traveling abroad soon? The IDFC First Mayura Credit Card is your perfect companion!
Enjoy 0% forex markup on international transactions and earn reward points on every forex spend. Plus, your overseas expenses contribute towards the card’s monthly 10x rewards and annual milestone benefits. Apply now and experience hassle-free, rewarding travel!
Airport Lounge Access
| Airport Lounge Access(per quarter) | Network | No of Visits(per quarter) | Add-on CardHolders |
|---|---|---|---|
| Domestic | VISA | 4 | 1 ( out of total 4 visits alloted to primary cardholder) |
| International | DreamFolks | 4 | NA |
Airport Lounge Access – Not By Default !
You have to unlock lounge access for the next calendar month by spending Rs 20,000 in the current month!
Spa Access at India Airports: 4 complimentary visits/quarter
Railway Lounge Access
Railway Lounges: 4 complimentary visits/quarter
Trip Cancellation Cover
Enjoy complimentary trip cancellation coverage of up to Rs 50,000, applicable for up to two claims annually on hotel and flight bookings.
Eligible Cover: Maximum Rs 25,000 for flight booking and Rs 25,000 for hotel booking
BookMyShow Benefit
Complimentary Roadside Assistance
Up to 4 times per year , worth Rs 1399
Complimentary golf rounds/lessons
Indulge in 4 complimentary golf rounds and 12 free golf lessons annually, with a limit of one round or lesson per calendar month.
Complimentary Golf Access – Not By Default !
You have to unlock each golf round or lesson by spending Rs 20,000 and Rs 40,000 in your previous statement cycle.
Are you in trouble?
Conclusion
In conclusion, the IDFC First Bank Mayura Credit Card is packed with features that make it a smart choice for frequent travelers, shoppers, and movie lovers. With rewards on every spend, 0% forex markup, free lounge access, and unique perks like golf lessons and trip cancellation cover, it’s designed to add value to your lifestyle.
If you’re looking for a credit card that combines savings with luxury, the IDFC First Bank Mayura Credit Card is definitely worth considering.
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FAQs
What is the forex markup on IDFC First Bank Mayura Credit Card?
The card offers a 0% forex markup, which means no extra charges for international transactions—a great perk for travelers.
Is there any insurance cover with IDFC First Bank Mayura Credit Card?
Yes, you get trip cancellation cover of up to ₹50,000 for up to 2 claims a year, applicable to hotel and flight bookings.
