IDFC Ashva Metal Credit Card
Joining Fee: ₹2,999 + GST
Renewal Fee: ₹2,999 + GST
Reward Type: Reward Points
Welcome Benefits
Earn 5,000 bonus Reward Points worth ₹1,250 if you apply before 30th September 2024.
Get ₹2,000 cashback on completing four transactions of ₹500 or more within 60 days of card issuance (₹500 cashback per transaction).
Rewards Program
10X Reward Points per ₹150 on incremental spends above ₹20,000 in a statement cycle.
5X Reward Points per ₹150 on spends up to ₹20,000 in a statement cycle.
3X Reward Points per ₹150 on restricted categories such as rent, wallet load, education, and government transactions.
1X Reward Points per ₹150 on insurance and utilities.
No Expiry: Reward Points earned do not expire.
Redemption Options
Redeem points for vouchers or as cash against statements or for Pay with Points at partner merchants.
1 Reward Point = ₹0.25.
Movie Benefits
Buy One Get One Free offer on movie tickets via BookMyShow.
Maximum discount of ₹400 per ticket, valid twice a month, potentially saving up to ₹800 per month and ₹9,600 annually.
Travel Benefits
Complimentary Domestic Lounge Access: 4 free lounge visits per quarter, totaling 16 visits annually at Indian airports.
Complimentary International Lounge Access: 2 free lounge visits per quarter, totaling 8 visits annually at international airports.
Complimentary Railway Lounge Access: 4 free railway lounge visits per quarter, totaling 16 visits annually for both primary and add-on cardholders.
Golf Privileges
Enjoy 2 complimentary golf lessons or rounds each month. Unlock this benefit by spending ₹20,000 in a statement cycle.
Spend ₹40,000 in a statement cycle to fully unlock both rounds or lessons at premier golf courses across India.
Insurance Benefits
Card Liability Cover: ₹50,000 against fraudulent transactions if reported within 7 days.
Personal Accident Cover: ₹10 Lakhs.
Purchase Protection: Coverage of ₹50,000 for purchases.
Credit Shield: Coverage of ₹50,000.
Personal Air Accident Cover: ₹10 Lakhs.
Complimentary Roadside Assistance (RSA): Available up to 4 times a year across India, worth ₹1,399.
Milestone Benefits
Spend ₹8 Lakhs in a card anniversary year and receive 7,500 Reward Points, valued at ₹1,875.
Other Benefits
Airport Meet and Greet Discounts at over 450 destinations worldwide.
Personalized Concierge for dining reservations, vacation bookings, and flight arrangements.
Discounts on limousine airport transfers globally.
Premium benefits at over 900 luxury hotels worldwide, including automatic room upgrades, complimentary in-room Wi-Fi, continental breakfast, VIP guest status, and late check-out (subject to availability).
Summary
The IDFC First Bank Ashva Metal Credit Card is ideal for high spenders seeking premium perks. With 10X rewards on high spends, Buy One Get One Free movie tickets, and zero Forex charges, it’s great for frequent travelers and lifestyle enthusiasts. However, many benefits, such as lounge access and golf, are spend-based, requiring ₹20,000 in a statement cycle to unlock. While the ₹2,999 annual fee is reasonable, this card is best suited for those who consistently meet spending thresholds to fully maximize its rewards. Moderate spenders may find better value elsewhere.