IDFC FIRST Bank Mayura Credit Card is a luxury metal card designed for those looking for luxury, convenience, and practical value in one bundle. Housed in the premium segment, the card provides zero forex markup, airport lounge access at 1,200+ airports globally, and special lifestyle privileges designed specifically for high-spend customers. Placed in the premium category, the card offers zero forex markup, industry-leading travel benefits, and lifestyle privileges crafted for high-spending customers. Brought in to compete with HDFC Infinia, Axis Magnus, and Amex Platinum, the Mayura Card stands apart on its no hidden fees model and direct reward system. It’s ideal for those who want elitist exposures without the expense and compromise in utility.

Here in this article, we’ll be covering everything you need to know about the Mayura Credit Card, ranging from its features and advantages to reward points, charges, practical savings example, reddit forum review to help you determine whether it’s the best for you.

Welcome Benefits

As part of its launch offer, the IDFC First Bank Mayura Credit Card comes with a welcome promotion that is difficult to ignore, for rewarding initial use. New credit card customers earn a total cashback of ₹4,000 when they achieve four separate spends of ₹1,000 and more in the first 60 days of card activation. Every successful transaction earns ₹1,000 cashback, provided that the transaction has to be executed and settled within the first 60-day term. This offer provides quick value, effectively eliminating the joining fee and encouraging users to utilize the full capability of the card from the start.

Travel Benefits

The Mayura Card is particularly rewarding for regular travelers:

• Unlimited Free Lounge Access: Card members receive access to more than 1,200 international and domestic airport lounges, including through Priority Pass and domestic lounge programs.
• Zero Forex Markup: In contrast to most cards that impose a 3.5 percent or higher markup, the Mayura Credit Card provides 0 percent markup on international transactions a huge advantage for global spenders.
• Travel Insurance Protection: The card features massive coverage like air accident insurance up to ₹3 crore, trip delay protection, and baggage loss, providing convenience as well as reassurance to the traveler.
• 24×7 Concierge Assistance: From flight arrangements to hotel booking, and specially curated luxury experience, the card’s concierge service is present 24 hours a day, 7 days a week, to cater to premium travel requests.

Shopping and Lifestyle Benefits

The Mayura Credit Card also offers a premium experience across lifestyle and shopping categories:

• Partnered Discounts: Enjoy up to 20 percent off on select fashion, dining, and wellness brands, both online and offline.
• Easy EMI Options: High-value purchases can be converted into EMIs at low or zero interest rates, making luxury more affordable.
• Movie Ticket Offers: Get 1+1 free movie ticket every month via BookMyShow, capped at ₹500.
• Complimentary Golf Rounds: Avail up to 4 golf sessions per year at premium golf courses across India, making this card ideal for lifestyle enthusiasts.

Reward Points Scheme and Redemption

The card provides 10X rewards on spends over ₹20,000 per month, where eligible spends get 10 reward points for every ₹150 (~1.6 percent return). But first, the initial ₹20,000 has to be spent at regular rates before this benefit is unlocked.

With the IDFC First Bank Mayura Credit Card, customers can earn 5 reward points per ₹150 worth of normal retail spending, representing approximately 0.8 percent return. For birthdays, that goes up to 10 points per ₹150, or approximately 1.6 percent, although categories such as fuel, utilities, rent, and government payments are excluded from this reward.

Lower reward points are given for rent, education, wallets, and government spends at 3 points per ₹150 (~0.5 percent), whereas insurance and utilities earn only 1 point per ₹150 (~0.17 percent). Fuel and EMI spends do not offer any rewards.

Reward points do not expire and can be redeemed against gift vouchers or used to redeem purchases. One point is worth ₹0.25, and there is a redemption charge of ₹99 + GST (approximately ₹117).

Example Case Study: Annual Savings Breakdown

Let’s assume a total annual spend of ₹2,00,000 distributed logically across categories.

Total Annual Savings = ₹11,800+

Fees and Charges

IDFC First Bank Mayura Credit Card is a metal card with a premium look that is intended for sophisticated users. The charge structure is as follows:

• Joining Fee: ₹5,999 along with applicable GST.
• Annual Fee: ₹5,999 along with applicable GST, levied every year.
• Fee Payment Benefit: Fee payment gets a cashback of up to ₹4,000.
• Foreign Exchange Markup: The card charges a 0% forex markup fee on international transactions, making it suitable for frequent flyers.
• Cash Withdrawal Charges: Interest-free global ATM cash withdrawal for up to 45 days is allowed, ensuring convenience during travels.
• Other Charges: Normal charges like late payment fees, cash advance fees, and over-limit fees are applicable as per the bank’s schedule of charges. It is always recommended to check the comprehensive fee structure on the bank’s official website.

My Thoughts

The IDFC First Bank Mayura Credit Card looks like especially made for international travelers, mainly due to its zero forex markup fee, a rarity and a highly desirable quality for people traveling abroad often or buying products from overseas websites. By itself, this advantage can translate to huge savings, particularly on big transactions abroad where normal forex charges can be between 2 to 3 percent on most cards.
But for local customers, the ₹5,999 (plus GST) joining fee and annual fees might be expensive, considering that other mid-end cards provide similar lifestyle benefits in the form of free movie ticket vouchers or cashback on spends on a day-to-day basis at a very low or zero annual fee. Additionally, the reward point scheme has some constraints, especially related to earning enhanced rewards, which further diminishes the value to users with run-of-the-mill spending behavior.
Essentially, this card is most appropriate for high-income travelers who travel abroad and will be able to reap the benefits of forex savings and travel perks. But for common domestic users, the cost-benefit ratio may not be enticing enough to support the premium charges.

Peoples Review – Reddit Forum

The IDFC First Mayura Credit Card is promoted as a 0 percent forex markup card, but customer experiences are different. Several cardholders found that the actual conversion rates used in international transactions were around 0.5 to 1 percent more than market rates, rendering the forex advantage less effective. While the card comes with attractive offerings such as free lounge access, free BookMyShow ticket coupons, and minimal travel insurance cover, the reward points structure and the redemption value have been considered lacking by customers.

For infrequent global travelers or people who are acquiring the card almost for free through cashback websites, it still has some utility. But regular travelers seeking real forex savings may find others such as Niyo Global to be a better bet. Generally, users perceive the card is more about lifestyle and style rather than international spend savings.

IDFC First Bank Mayura Card Review
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