Ashva
Base Rate
1.33%
Forex Markup
1%
Joining Fee
₹2,999
Milestones
1
💳 Fee Structure
🧮 Reward Calculator
Monthly Spending Breakdown
Net Annual Value
+₹198
After ₹2,999 annual fee deduction
Base Rewards
₹3,197
Forex Net
+₹0
Milestones
₹0
Milestone Progress
Earn 7,500 bonus reward points (worth ₹3,000) on spending ₹8L annually
Spend ₹8L annually
📝 Detailed Review
The CardVault Verdict
The IDFC FIRST Ashva Credit Card is an entry-level metal travel credit card. Offering a low 1.0% forex markup, low fee (₹2,999), and solid lounge coverage (24 visits/year), it provides excellent value for frequent travelers. However, the ₹20,000 monthly spend requirement to trigger lounge access is a significant drawback for light spenders.
Who Should Apply?
Best suited for individuals with annual spends between ₹3L and ₹8L, who travel internationally a few times a year, and who can comfortably spend ₹20,000 monthly.
Lounge Access
Spend-Based Access
Spend ₹20,000/month to unlock
Required threshold to activate lounge visits
Visits / Year
24visits
Supported Networks
Additional Notes
4 domestic visits + 2 international visits (Priority Pass) + 4 railway lounge visits per quarter, unlocked by spending ₹20,000 in the previous calendar month.
⚖️ Pros & Cons
✓Pros
- •Low 1.0% Forex markup fee on all international spending
- •Premium metal card factor at a reasonable fee (₹2,999 + GST)
- •Balanced lounge allowance (16 domestic and 8 international visits per year)
- •Trip cancellation coverage of up to ₹25,000 per year
✗Cons
- •High ₹20,000 monthly spend requirement to unlock lounge visits and movie BOGO offers
- •No direct annual fee waiver based on spends
Historical Changes
Track record of card modifications
Lounge and movie spend rules updated
Lounge access and BOGO movie benefits were linked to a ₹20,000 previous-month spend requirement.