IDFC

Ashva Metal Credit Card

Good for frequent travelers who value lounge access and low forex.

Should you get this?

Strong fit

Some details need issuer confirmation

Why this card

  • Forex markup is low at 1%.
  • You travel frequently and will use the lounge benefits.
  • You spend in the card's stronger reward categories.
Issuer evidence · 10 sources →

Trade-off

4/quarter · requires ₹20,000 spend in the previous month (unlocks the following month). Domestic lounge cap is 4 visits per quarter. International lounge cap is 2 visits per quarter.

Annual fee ₹2,999 per year
Rewards 5 pts / ₹150
Lounge access 4 domestic + 2 international visits / quarter · ₹20,000 spend in the previous month
Forex markup 1% low
Compare with HDFC Bank Regalia Gold →

Similar lounge profile

What it costs to get, and to keep

Joining vs renewal

First year

₹2,999joining fee

From year 2

₹2,999renewal fee

Welcome offer

Joining Fee Payment Benefit (reward points milestones)

IDFC FIRST Reward Points · IDFC FIRST Reward Points · IDFC FIRST Reward Points

Qualification and fulfilment conditions apply

Rewards

Earning rules

Detail · from the summary above
ScopeRateEligibilityLimit
General spend5 pts / ₹150Credited as reward pointsRewards apply only to spend up to your credit limit each statement cycle — shared across General spend, Education, Government services, Rent, Wallet loads, FASTag, Insurance, Railways & Utilities
General spend10 pts / ₹150Credited as reward points · spend threshold not fully modelledShared across General spend, Education, Government services, Rent, Wallet loads, FASTag, Insurance, Railways & Utilities
Education3 pts / ₹150Credited as reward pointsShared across General spend, Education, Government services, Rent, Wallet loads, FASTag, Insurance, Railways & Utilities
Government services3 pts / ₹150Credited as reward pointsShared across General spend, Education, Government services, Rent, Wallet loads, FASTag, Insurance, Railways & Utilities
Show all 10 earning rules (6 more)
Rent3 pts / ₹150Credited as reward pointsShared across General spend, Education, Government services, Rent, Wallet loads, FASTag, Insurance, Railways & Utilities
Wallet loads3 pts / ₹150Credited as reward pointsShared across General spend, Education, Government services, Rent, Wallet loads, FASTag, Insurance, Railways & Utilities
FASTag1 pt / ₹150Credited as reward pointsShared across General spend, Education, Government services, Rent, Wallet loads, FASTag, Insurance, Railways & Utilities
Insurance1 pt / ₹150Credited as reward pointsShared across General spend, Education, Government services, Rent, Wallet loads, FASTag, Insurance, Railways & Utilities
Railways1 pt / ₹150Credited as reward pointsShared across General spend, Education, Government services, Rent, Wallet loads, FASTag, Insurance, Railways & Utilities
Utilities1 pt / ₹150Credited as reward pointsShared across General spend, Education, Government services, Rent, Wallet loads, FASTag, Insurance, Railways & Utilities

One shared ceiling applies across 10 of these categories — they draw from the same cap pool.

Redemption value

What a Reward Point is worth

  1. Travel₹0.4 / pt
  2. Cash redemption value₹0.25 per Reward Point

When does this card pay for itself?

Rewards break-even estimate
₹3.6L

Conservative yearly spend needed at the ₹0.25-per-point ranking floor.

Best documented case: about ₹2.3L at ₹0.40 per point.

Reward reality — the earning-rate detail behind the numbers above

Reward reality

Conclusion · what you actually get

Eligible spend

5 points per ₹150 on eligible spend

Verified value

₹0.25 per point

Cashback

Caps

  • General spendRewards apply only to spend up to your credit limit each statement cycle — shared across General spend, Education, Government services, Rent, Wallet loads, FASTag, Insurance, Railways & Utilities
View full earning rules →

Realisation

Credited as reward points

Costs & fees

Spending requirements

Spend gates · caps · milestone thresholds
RequirementAmountPeriodUnlocks
Lounge access spend gate₹20,000monthLounge eligibility

Estimated usage

Example usage at this monthly spend

₹
  • At this monthly spend, you'd earn: Based on the standard earn rate (5 pts / ₹150). Up to ~1,670 pts/month if the entire spend qualifies. Excluded transactions and category rules earn less. Partner bonuses aren't included.
  • Worth ~₹420 at the conservative redemption floor
  • Annual-fee waiver not offered by issuer
  • Forex cost ~₹500 per ₹50k international spend

Illustrative only, using current base rates and snapshot data.

Benefits & charges

Side-by-side facts
Benefits

Lounge Access

Domestic (cardholder)
4 per quarter · verified 6 Jul 2026 Condition: ₹20,000 spend in the previous month (unlocks the following month)

Issuer documented · corroborating sources · verify issuer terms before applying

Where to verify
  • PaisaBazaar
  • IDFC official page
  • Operator-verified anchor
  • Issuer MITC
  • Operator config (Idfc First Ashva International Quarterly)
Railway (cardholder)
16 railway lounge visits per year (max 4/quarter)

Issuer documented · corroborating sources · verify issuer terms before applying

Where to verify
  • PaisaBazaar
  • IDFC official page
  • Operator-verified anchor
  • Issuer MITC
  • Operator config (Idfc First Ashva International Quarterly)
International (cardholder)
2 per quarter Condition: ₹20,000 spend in the previous month (unlocks the following month)

Issuer documented · corroborating sources · verify issuer terms before applying

Where to verify
  • PaisaBazaar
  • IDFC official page
  • Operator-verified anchor
  • Issuer MITC
  • Operator config (Idfc First Ashva International Quarterly)
Guest access
Guests: paid access
IDFC FIRST Ashva airport lounge T&C , opens external site

Lounge network

Rewards

Base earn
5 points per ₹150 value depends on redemption
Effective return (honest floor)
~0.833% base at the cash-redemption floor; up to ~1.333% through documented travel redemption · verified 12 Jul 2026 Conservative redemption floor; best documented path is not ranked on.
Cash redemption value
₹0.25 per Reward Point · verified 12 Jul 2026 Operator-verified headline rate — full channel grid in Redemption value.
Point validity
Points expire 2 years after earning · verified 7 Jul 2026

Insurance Cover

Air accident cover
₹1 crore · verified 5 Jul 2026
Personal accident cover
₹10 lakh · verified 5 Jul 2026
Lost card liability cover
₹50,000 · verified 5 Jul 2026
Underwriter
Insured by New India Assurance · verified 7 Jul 2026
Fees & charges

Fees

Annual fee
₹2,999
Joining fee
₹2,999 · verified 12 Jul 2026
Annual-fee waiver
Not offered
Interest-free period
Up to 45 days · verified 7 Jul 2026

International Use

Forex markup
1%

Issuer documented · corroborating sources · verify issuer terms before applying

Where to verify
Product tier
Mid-tier

Travel & perks

Fuel Benefits

At the pump
  • 1% fuel surcharge waived on transactions ₹200–₹5,000.
  • Maximum waiver ₹300 per month.

Fine print & compare

Compare with similar cards

Similar tier · similar benefits
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IDFC FIRST Bank Ashva Metal
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IDFC FIRST Bank Ashva Metal
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Axis Bank Privilege

The fine print

Caps · exclusions · earning · redemption · last refresh

Caps & limits

  • Statement-cycle cap: Rewards apply only to spend up to your credit limit each statement cycle — shared across General spend, Education, Government services, Rent, Wallet loads, FASTag, Insurance, Railways & Utilities.
  • After the shared cap is reached, further spending in that lane earns no rewards.

Latest update

  • Annual fee: ₹2,999.
  • Forex markup currently listed at 1%.
  • 4 per quarter domestic lounge · 2 per quarter international · ₹20,000 spend in the previous month.

Common questions

From verified card facts

Is this good for lounge access?

4 domestic + 2 international lounge visits/quarter. Check current spend criteria, guest rules, visit caps, and airport acceptance before relying on it.

Is this good for international spends?

Forex markup is 1%, which can be useful for international spends if the annual fee and usage pattern still make sense.

Is the annual fee easy to recover?

₹2,999 every year. The issuer does not offer an annual-fee waiver.

When do welcome benefits arrive?

Joining Fee Payment Benefit (reward points milestones). Included items: IDFC FIRST Reward Points — Milestone 1: On successful realization of the joining fee., IDFC FIRST Reward Points — Milestone 2: On net spends of ₹20,000 or more in the 2nd statement cycle (after joining fee realization)., IDFC FIRST Reward Points — Milestone 3: On net spends of ₹20,000 or more in the 3rd statement cycle (after joining fee realization). Cards generated on/after 1 Sep 2025; once per customer. Timing may depend on joining fee payment, card activation, first eligible transaction, or issuer processing.

Learn

Learn more

Guides matched to this card — not a random syllabus.

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Last refreshed 3 Sept 2026 moneymatters.cards Change look saved in this browser only
Important

Data compiled from issuer and public information. Details may change — verify with issuer. Reference data, not financial advice.

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