Ashva Credit Card

Charge

• Add-on Card: Joining Fee ₹2,000 (Metal Variant) / ₹1,500 (Plastic Variant), Annual Fee ₹1,000 (Both Variants), charged for new add-on cards issued w.e.f 17th September 2024.
• Cash advance transaction fee ₹199.
• Late payment charges 15% of Total Amount Due as of previous statement minus payments received before due date (min ₹100, max ₹1,300).
• Over-limit charge 2.5% of over-limit amount (min ₹550).
• Return of cheque/Auto-Debit SI/Payment Return 2% of payment amount (min ₹500).
• Reward Redemption Fee ₹99 per redemption transaction.
• Card replacement fee ₹1,500 (Metal Variant).
• Fee on cash payment at branches NIL.
• Duplicate statement request NIL.
• Outstation cheque processing fee NIL.
• Cheque/Cash processing fee NIL.
• Charge slip request NIL.
• Balance Transfer Processing fee communicated at time of transaction.
• Rent and Property Management Fee 1% of transaction value (min ₹249, domestic only).
• Fair usage on Utility Spends 1% fee if total Utility Spends in a statement cycle exceed ₹20,000.
• Fuel Fee 1% if total Fuel Spends exceed ₹30,000 in a statement cycle.
• Passenger Railways Transaction Fee 1% if total Passenger Railway Spends exceed ₹25,000.
• Tolls and Bridges Transaction Fee 1% if total Tolls and Bridges Spends exceed ₹10,000.
• Education Payment Fee 1% on Education Spends via third-party apps (min ₹249).
• GST 18% on all fees, interest and other charges.

Verified · Most Important Terms & Conditions (MITC) - covers Ashva Credit Card · 2026-07-13 · source

Interest-free period

• Interest-free (grace) period not exceeding 45 days, varying with transaction and statement date.
• Not applicable if previous month's statement balance is not cleared in full by the due date.

Verified · Most Important Terms & Conditions (MITC) - covers Ashva Credit Card · 2026-07-13 · source

Fuel surcharge waiver

• 1% Fuel Surcharge Waiver on fuel transactions valued between ₹200 and ₹5,000.
• Maximum waiver ₹300 per statement cycle.
• Waiver capped at 1% of eligible fuel transaction amounts (excluding GST).

Verified · Most Important Terms & Conditions (MITC) - covers Ashva Credit Card · 2026-07-13 · source

Milestone benefit

• Joining Fee Payment Benefit (Ashva Credit Cards generated on/after 1 Sep 2025): earn up to 7,500 reward points - 2,500 on successful realization of the joining fee.
• 2,500 on net spends of ₹20,000 or more in the 2nd statement cycle.
• 2,500 on net spends of ₹20,000 or more in the 3rd statement cycle.
• Available only once per customer.

Verified · Ashva Credit Card - Joining Fee Payment Benefit Terms & Conditions · 2026-07-13 · source

Redemption value

• 1 Reward Point = ₹0.40 on travel bookings (hotel & flights only) via Travel & Shop on IDFC FIRST Bank Mobile app.
• 1 Reward Point = ₹0.25 everywhere else.
• Reward Redemption Fee of ₹99 per redemption transaction.
• Reward points can be utilised to pay up to 70% of total booking value (incl. tax) for hotel/flight bookings via Travel & Shop.

Verified · Ashva Credit Card - Reward Program Terms & Conditions · 2026-07-13 · source

Reward cap

• Bonus Reward Points (travel bookings via app) capped at 15,000 per calendar month.
• Redeemable Reward Points for hotel/flight bookings via Travel & Shop capped at 1,00,000 per calendar month and 2,00,000 per calendar year.
• Rewards earned only for spends up to credit limit per billing cycle.

Verified · Ashva Credit Card - Reward Program Terms & Conditions · 2026-07-13 · source

Reward exclusion

Verified · Ashva Credit Card - Reward Program Terms & Conditions · 2026-07-13 · source

Travel benefit

Free Trip Cancellation Cover of up to ₹25,000 for non-refundable hotel and flight bookings.

Verified · Ashva Credit Card product page · 2026-07-13 · source

Insurance

Robust travel insurance with coverage up to $1,200 USD for loss of luggage, flight delays, etc.

Verified · Ashva Credit Card product page · 2026-07-13 · source

Official terms

https://www.idfcfirst.bank.in/credit-card/metal-credit-card/ashva.

Verified · Ashva Credit Card product page · 2026-07-21 · source