IDFC Mayura Metal Credit Card
Joining Fee: ₹5,999 + GST
Renewal Fee: ₹5,999 + GST
Reward Type: Reward Points
Welcome Benefits
Receive 10,000 Bonus Reward Points for new card applicants (valid until 30th September 2024).
Get a maximum cashback of ₹1,000 on making four transactions of ₹1,000 or more within 60 days of card issuance.
Rewards Program
10X Reward Points per ₹150 on incremental spends above ₹20,000 in a monthly statement cycle.
5X Reward Points per ₹150 on spends up to ₹20,000 in a monthly statement cycle.
3X Reward Points per ₹150 on rent, government, wallet load, and education transactions.
1X Reward Point per ₹150 on insurance and utilities.
Reward Points do not expire.
Reward Redemption: Redeem points for vouchers, cash against statement, or Pay with Points 1 Reward Point = ₹0.25.
Milestone Benefits
Spend ₹8 Lakhs in a card anniversary year and receive 7,500 Reward Points (worth ₹1,875).
Spend ₹15 Lakhs in a card anniversary year and receive 15,000 Reward Points (worth ₹3,750).
Movie Benefits
Enjoy a Buy One Get One Free offer on movie tickets via BookMyShow, with a maximum discount of ₹500 per ticket.
This offer can be availed twice per month, potentially saving up to ₹1,000 per month or ₹12,000 per year.
Travel Benefits
Complimentary Railway Lounge Access: 4 free visits per quarter across Indian railway lounges, totaling 16 visits annually.
Domestic Lounge Access: 4 complimentary visits each quarter, totaling 16 visits annually.
International Lounge Access: 4 free visits per quarter, totaling 16 visits annually.
Golf Benefits
Enjoy 2 free golf rounds or lessons each month.
Insurance Benefits
The card offers purchase protection, travel insurance, and personal accident cover for added security.
Summary
The Mayura Credit Card from IDFC First Bank is a premium card with a Rs. 5,999 fee, designed for frequent travelers and high spenders. It offers 10X Reward Points on spends above Rs. 20,000 and 5X Points on spends up to Rs. 20,000 per statement cycle. Cardholders also earn 3X Points on rent, education, and government transactions. Rewards are worth Rs. 0.25 per point and can be redeemed for vouchers or as statement credit.
The card provides 4 complimentary domestic and international lounge visits per quarter, 4 railway lounge accesses, and 2 free golf rounds or lessons monthly. With zero Forex charges, it's ideal for international travelers. New users can earn 10,000 bonus points and up to Rs. 4,000 cashback for early spends.
Though it offers excellent travel and lifestyle perks, including movie ticket discounts, its high fee makes it best for those who can fully utilize its benefits.