IDFC First Bank Slashes Credit Card Benefits: Mayura, Ashva & Others Hit Hard

• IDFC First Bank has significantly reduced benefits across its credit cards, including premium Mayura and Ashva, and lifetime free cards.
• International transaction rewards on Mayura and Ashva cut from 10X to 5X, with a condition for 10X on Rs 20,000 monthly spend.
• Lifetime free cards (Classic, Select, Wealth) see a 25% drop in reward value; lounge access for Select and Wealth cards also reduced.
• New fair usage policy introduces 1X rewards for FASTag/railway spends and surcharges for high-value transactions in these categories.
• Some cards now offer accelerated reward points on travel bookings via the IDFC FIRST Bank Mobile App.

Why It Matters: IDFC First Bank's credit card benefits are significantly reduced, impacting rewards and lounge access.