In the world of credit cards, having the right one can make a notable difference in terms of benefits and rewards. IDFC Bank has recently introduced two premium credit cards, namely the Ashva and Mayura Credit Cards, each offering a range of perks and benefits. In this article, we will compare these two credit cards to help you determine which one best suits your spending habits.
Understanding the difference between these two credit cards will help you select the one that compliments your spending patterns and offers the most beneficial rewards. By comparing the features and benefits side by side, you gain insight into which card may better suit your preferences and financial needs. Whether you’re a frequent traveler, a movie enthusiast, or someone who values cash back and reward points, this comparison will help you make an informed decision.
IDFC Ashva Credit Card
Ashva Credit Card is one of the premium offerings introduced by the IDFC Bank. This card is designed for people who want rewards and benefits while traveling and shopping. With an annual fee of ₹2,999 plus taxes, users can earn accelerated Reward Points on incremental spending, as well as on purchases made for wallet reload, education, rent, and government-related transactions. Even though this card is quite expensive and only targets people with high incomes, it offers quite favorable terms. Users receive free movie tickets up to ₹400 twice every month, meaning you save almost ₹9,600 annually. Other than that, users also receive complimentary international and domestic airport lounges along with free railway lounge access, which turns out to be quite beneficial for people who love traveling. Golf privileges and insurance benefits are also included.
If we talk about the introductory benefit, users will earn a cashback of ₹2,000 on spending ₹500 or more on any four transactions in the first 60 days of card issuance. This card even offers a milestone benefit where users, upon spending ₹8 lakhs in the anniversary year, will earn 7,500 Reward Points. All the Reward Points earned can be redeemed for vouchers or against cash statements, where the value of 1 Reward Point = ₹0.25. Since the Ashva Credit Card has a Forex markup charge of 1%, cardholders can make international transactions without having to worry about additional fees.
IDFC Mayura Credit Card
Mayura Credit Card is a super-premium card issued by the IDFC Bank, targeting high-net-worth individuals who can easily afford this card. With a joining fee of ₹5,999 plus taxes, this card is quite rewarding, but a common man cannot afford it. This card has the same reward rate as the IDFC Ashva Credit Card. Still, the other benefits are much better, as it offers 4 domestic and international airport lounge access visits every quarter, totaling 16 visits per year, and free movie tickets worth ₹500 twice a month through District by Zomato. However, it is essential to note that to take advantage of this lounge offer, cardholders must spend ₹20,000 in the current month to be eligible to visit the airport lounge in the following month.
The welcome benefit offers users a cashback of ₹4,000 on spending ₹1,000 or more four times in the first 60 days of card issuance. Users also earn milestone benefits, where spending ₹8 lakh in the anniversary year earns 7,500 Reward Points, and spending ₹15 lakh earns 15,000 Reward Points. All the Reward points earned can be redeemed for vouchers or cash against a statement where the value of 1 Reward Point = ₹0.25. A fuel surcharge waiver of 1% on all fuel stations on transactions between ₹200 to ₹5,000 is also offered with this card. With no forex markup charges, the Mayura Credit Card is a great option for people who travel abroad frequently.
Comparing Ashva and Mayura Credit Cards
| Features | IDFC Ashva Credit Card | IDFC Mayura Credit Card |
| Annual Fee | ₹2,999 + GST | ₹5,999 + GST |
| Reward Rate | 10X RPs/₹150 After Incremental Spends of ₹20,0005X RPs/₹150 for Spends up to ₹20,0003X RPs for Spends on Rent, Wallet Reload, Education, and Government Transactions50 Reward Points/₹150 for Hotels and 30 Reward Points/₹150 for Flight Bookings Via Travel & Shop1X RP for Insurance and Utility Payments | 10X RPs/₹150 After Incremental Spends of ₹20,0005X RPs/₹150 for Spends up to ₹20,0003X RPs for Spends on Rent, Wallet Reload, Education, and Government Transactions50 Reward Points/₹150 for Hotels and 30 Reward Points/₹150 for Flight Bookings Via Travel & Shop1X RP for Insurance and Utility Payments |
| Reward Redemption | 1 RP = ₹0.40 for Travel Bookings Via (Travel and Shop)1 RP = ₹0.25 Everywhere Else | 1 RP = ₹0.50 for Travel Bookings Via (Travel and Shop)1 RP = ₹0.25 Everywhere Else |
| Welcome Benefits | ₹2,000 cashback on making 4 transactions of ₹500 or more | ₹4,000 cashback on making 4 transactions of ₹1,000 or more |
| Movie/Dining | BOGO on Movie Tickets up to ₹400 Via District by Zomato | BOGO on Movie Tickets up to ₹500 Via District by Zomato |
| Forex Charges | 1% | Zero |
| Travel Benefits | 4 complimentary domestic airport lounge access every quarter2 complimentary international airport lounge access each quarter4 complimentary railway lounge access every quarter | 4 complimentary domestic airport lounge access every quarter4 complimentary international airport lounge access each quarter4 complimentary railway lounge access every quarter |
Bottom Line
Both the IDFC Ashva and Mayura Credit Cards offer attractive benefits and rewards, making them suitable for different spending habits. However, for people who prefer travel and entertainment benefits, the IDFC Mayura Credit Card appears as the better option due to its lounge access and higher movie ticket benefits. It even offers zero Forex charges, making it perfect for international spending.
On the other hand, the IDFC Ashva Credit Card is more suitable for individuals seeking rewards in specific categories. The choice between the two cards depends on individual preferences and spending patterns.
For those who do not travel abroad, we would suggest the Ashva Credit Card would be more suited.
Read Also- IDFC Bank Ashva and Mayura Credit Cards Revalued – Reward Point Value Got a Boost!