IDFC FIRST Mayura Credit Card
Verified Official Data • Last updated 2026-07
Net Value Calculator
Drag sliders to estimate this card's annual value based on your actual spending habits.
Cashback mode values points as statement credit. Travel / airmiles mode uses the card's travel redemption value, so it only changes points cards; cashback cards stay the same.
Your monthly spend
₹50,000/moE-Commerce & Online
Daily Essentials
Most cards earn ₹0 rewards on fuel (surcharge waiver only).
Frequently excluded from rewards in India.
Lifestyle, Bills & Other
Almost always earns ₹0 and may carry a fee.
Often excluded or capped.
IDFC FIRST Mayura Credit Card
Effective annual fee: ₹5,999
Savings & Milestones Tracker
-0.84%
Value Yield (Net / Spent)
₹-5,059
Annual Net Value
Milestone Benefits
Spend ₹2,00,000 more to unlock.
Spend ₹9,00,000 more to unlock.
All ₹ values exclude GST. Perks like lounge access are shown separately and not added into net value. Rewards use your selected redemption mode (cashback / statement credit).
Key Specifications
₹5999
₹5999
None
0%
Rewards Structure
Earn rates and reward configurations verified for 2026.
Applies to all non-excluded offline/misc categories
Category Earn Rates
5X on international; bonus 30X hotels/15X flights via app (cap 25,000 bonus pts/mo)
3X on rent/education/government/wallet
No points on fuel, EMI, cash; above Rs.20,000/cycle earns 10X
Milestone Benefits
7,500 Reward Points
15,000 Reward Points
Devaluation Log & History
Features/T&Cs revised eff. 18 June 2026
Lounge Access
Additional Perks
Redemption & Expiry
Exclusion Honesty: This data has been verified against official bank publications. We include exclusions and point valuation friction factors to render honest net metrics in our calculations.
Official Specification Sheet
Comprehensive rules, fees, and parameters verified directly against issuer details.
| Feature | IDFC FIRST Mayura Credit CardIDFC FIRST Bank |
|---|---|
| Joining fee | ₹5,999 |
| Annual fee | ₹5,999/yr |
| Fee waiver | No waiver |
| Base reward | 0.833 pts / ₹100 |
| Top reward categories | 0.833x travel, 0.5x rent, 0.167x utilities |
| Redemption friction | Auto credit |
| Point expiry | Never expire |
| Lounge access | 16 dom · 16 intl⚠ 4 domestic + 4 international/quarter (Rs.20,000 prior-month spend) |
| Forex markup | 0% |
| Fuel surcharge | None |
| Min income · salaried | Not stated |
| Min income · self-employed | Not stated |
| Eligibility (as stated) | Not stated |
| Recent devaluations |
|
| Verified against | Updated 2026-07Source 1 |
Detailed IDFC FIRST Mayura Credit Card Credit Card Review & Spends Guide (2026)
The IDFC FIRST Mayura Credit Card by IDFC FIRST Bank is a prominent credit card in the Indian market, categorized under the super-premium tier. Offering a base rewards engine of 0.833 reward points per ₹100, this card targets users looking to optimize their personal finances.
When evaluating the real-world value of the IDFC FIRST Mayura Credit Card, it's essential to look beyond the joining fee of ₹5999 and annual fee of ₹5999. With our real-time calculator above, you can map out your monthly category spends (online shopping, dining, travel, utilities, groceries, etc.) to see if you can trigger the spend-based annual fee waiver of N/A, which determines your true Net Annual Value (NTV).
Rewards Potential & Category Multipliers
For accelerated spenders, the IDFC FIRST Mayura Credit Card features key reward multipliers:
- 0.833x on travel spends (capped at ₹6250/month).
- 0.5x on rent spends (uncapped).
- 0.167x on utilities spends (uncapped).
- 0.167x on insurance spends (uncapped).
- Exclusions: No rewards are earned on fuel categories.
Lounge Access & Extra Perks
Perks add immense value that calculations often leave out. The IDFC FIRST Mayura Credit Card offers:
- Domestic Lounges: 16 visits/year
- International Lounges: 16 visits/year
- Lounge Condition: 4 domestic + 4 international/quarter (Rs.20,000 prior-month spend)
Points Redemption and Point Expiry
Earning points is only half the battle. Redemptions are subject to a friction index of 1/5 (representing Auto statement credit (1/5 friction)). Note: 1 RP = Rs.0.50 travel via app, Rs.0.25 elsewhere; never expire. Points are valid for a lifetime (no expiry).
Who the IDFC FIRST Mayura Credit Card benefits the most
Derived from this card's actual earn rates, caps and perks — not a generic profile.
- People who want one flat, no-thinking rate: every eligible spend earns 0.833 points per ₹100 (about 0.42% in value at the best redemption), with no category tracking to do.
- Frequent flyers: 16 domestic lounge visits and 16 international lounge visits a year, worth roughly ₹56,000 at typical Indian pay-per-use lounge rates — but read the unlock condition below before counting on it.
- People who spend abroad or buy in foreign currency online. At a 0% forex markup, a ₹2 lakh overseas trip costs about ₹0 in markup plus GST, versus roughly ₹8,260 on a typical 3.5% card.
- Planners who can steer spends to a target: the biggest milestone here is "15,000 Reward Points" — ₹15 lakh of annual spend for ₹3,750 of value.
- People who never get around to redeeming. Redemption friction here is 1/5, so rewards convert with little effort instead of rotting in a points balance.
Who should avoid the IDFC FIRST Mayura Credit Card
The cases where this card quietly costs more than it pays back.
- Anyone whose spending is heavy on fuel. These categories earn absolutely nothing on this card — not a reduced rate, zero. No points on fuel, EMI, cash; above Rs.20,000/cycle earns 10X
- Light spenders. The ₹5,999 annual fee (₹7,079 after GST) has no spend-based waiver, so you pay it every year regardless. At the base rate of 0.833 points per ₹100 you need roughly ₹17 lakh of annual spend just to break even.
- Anyone building a long-term strategy around one benefit. This card has been devalued 1 time on record — most recently in 2026-06: Features/T&Cs revised eff. 18 June 2026 Assume today's rates are not permanent.
- Anyone who revolves a balance. Credit card interest in India typically runs 36–45% a year plus 18% GST on the interest — that erases every reward this card can pay, on any spending pattern.
Hidden charges and fine print on the IDFC FIRST Mayura Credit Card
The costs that sit below the marketing page, verified against IDFC FIRST Bank disclosures dated 2026-07.
GST sits on top of every fee you were quoted
The listed ₹5,999 joining fee and ₹5,999 annual fee exclude GST. You actually pay ₹7,079 up front and ₹7,079 at each renewal. The 18% GST is never waived, even when the bank waives the fee itself on spend — check your statement.
Forex markup of 0% is really 0.00%
This card carries no forex markup, which is genuinely rare in India. Dynamic Currency Conversion at the merchant terminal can still cost you 3–5% — always choose to be billed in the local currency, not in rupees.
The headline rate stops at a monthly cap
flights and hotels is capped at ₹6,250 of rewards a month (about ₹15,00,600 of spend). Caps are per statement month and do not carry forward — an unused cap in April is gone in May.
Spends that earn zero
fuel earn no rewards at all. No points on fuel, EMI, cash; above Rs.20,000/cycle earns 10X These excluded spends also frequently fail to count toward fee-waiver and milestone targets, so check the MITC before routing large payments here to "hit the target".
Redemption fine print
1 RP = Rs.0.50 travel via app, Rs.0.25 elsewhere; never expire Redemption fees and minimum-balance thresholds are the most commonly missed cost on Indian cards — factor them in before comparing headline earn rates.
Lounge access is conditional
4 domestic + 4 international/quarter (Rs.20,000 prior-month spend) Read that as a spending requirement, not a perk you already own — most declined lounge entries in India are unmet prior-quarter spend conditions.
No fuel surcharge waiver
This card carries no fuel surcharge waiver in the published terms, so the usual ~1% surcharge levied by petrol pumps stays on your bill — and fuel earns no rewards here either.
Charges every Indian card carries
Cash withdrawal fees (typically 2.5% of the amount, minimum ₹500) with interest from day one and no interest-free period, late payment fees graded by outstanding balance, over-limit charges, EMI conversion processing fees and interest, rent-payment and wallet-load fees, and payment-return charges. These are listed in the bank's MITC document, not in the marketing page — read it once before you apply.
Tax implications of the IDFC FIRST Mayura Credit Card
Indian tax treatment of the fees, rewards and foreign spends on this specific card.
GST on fees and charges. Every fee quoted on this page excludes GST. The ₹5,999 joining fee bills as ₹7,079 and the ₹5,999 renewal as ₹7,079. GST also applies to interest, late payment fees, cash advance fees and the forex markup — it is not a one-off on the fee alone.
Are the reward points taxable? Points or cashback earned in proportion to your own spending are treated as a post-purchase discount rather than income, so a salaried individual does not pay tax on them. The same applies to the points here, valued at ₹0.5 per point on redemption. Two exceptions matter: benefits received from a business relationship (not from your own spending) can attract TDS at 10% under section 194R where the value exceeds ₹20,000 in a year, and a gift or voucher received from the bank with no link to your spending can be taxable under section 56(2)(x) if total gifts from non-relatives cross ₹50,000 in a year.
Milestone vouchers on this card. The "7,500 Reward Points" and "15,000 Reward Points" benefits are earned against spending, so they are treated the same way as reward points — a discount, not taxable income. If those spends were claimed as business expenses, reduce the expense claim by the benefit value instead of showing it as income.
Is the annual fee deductible? Not for a salaried cardholder — it is a personal expense. If the card is genuinely used for business or professional spends, the ₹7,079 renewal is an allowable business expense under section 37(1), and a GST-registered business billed in its own name can claim the ₹1,080 GST as input tax credit.
Foreign spends, TCS and the LRS. This card charges no forex markup, so there is no GST on markup to pay. TCS under the Liberalised Remittance Scheme runs at 20% above ₹10 lakh of remittances in a financial year; international credit card spends have so far been kept outside the LRS pending notification, so no TCS is deducted at the till today. Where TCS is collected on any remittance, it is not a sunk cost — it is creditable against your tax liability and refundable through your ITR.
Spends the tax department can see. Aggregate credit card payments of ₹10 lakh or more in a financial year (₹1 lakh or more if paid in cash) are reported by IDFC FIRST Bank in the Statement of Financial Transactions and show up in your AIS. That is not a tax by itself, but the spending should be consistent with the income you declare.
Eligibility and documents for the IDFC FIRST Mayura Credit Card
IDFC FIRST Bank does not publish a numeric income requirement for this super-premium-tier card.
Eligibility
- Income: IDFC FIRST Bank does not publish a figure for this card. Expect the usual premium threshold — often an income of ₹20 lakh a year or above, or an invitation-only route, confirmed at application.
- Age: typically 21 to 60 for salaried applicants and up to 65 for self-employed; add-on cards from 18.
- Credit score: a CIBIL score of 750+ materially improves approval odds on a card at this tier, where issuers are selective.
- Residency: resident Indian with a verifiable address in a city IDFC FIRST Bank services.
- Relationship route: premium cards are frequently issued against an existing salary account, wealth relationship or pre-approved offer rather than a cold application.
Documents required
- Identity: PAN card (mandatory) plus Aadhaar, passport, voter ID or driving licence.
- Address: Aadhaar, passport, utility bill or registered rent agreement.
- Income (salaried): last 3 months' salary slips and 3–6 months' bank statements showing salary credit; Form 16 for the latest year.
- Income (self-employed): latest 1–2 years' ITR with computation, audited financials where applicable, and 6 months' current account statements.
- Photograph: one recent passport-size photo (often skipped in a full digital journey).
- Existing IDFC FIRST Bank customers with a salary or pre-approved relationship usually skip the income documents entirely.
Nomination note: a credit card has no nominee — nomination applies to deposits and investments. What matters here is that your family knows the card exists and knows the outstanding, so it can be settled from the estate promptly instead of accruing interest and late fees after the fact.
How to apply for the IDFC FIRST Mayura Credit Card
- Check for a pre-approved offer first. Log in to IDFC FIRST Bank net banking or the mobile app. A pre-approved journey skips income documents and, more importantly, avoids a hard enquiry on your credit report if you are declined.
- Confirm the current fee and rates on the official page before applying — banks revise these without much notice, and this card has already been revised 1 time on record.
- Apply online with PAN, Aadhaar and employment details, or walk into a IDFC FIRST Bank branch if your income profile needs manual assessment.
- Complete KYC. Most issuers now offer video KYC that finishes in minutes; physical verification adds a few days.
- Confirm the credit limit before activating. The limit determines how much of your spending you can actually route here, which is what the reward maths above assumes.
- Set a full-payment auto-debit on the due date the day the card arrives. Interest of 36–45% a year plus GST is the single fastest way to turn this card into a loss.
IDFC FIRST Mayura Credit Card — frequently asked questions
Answers use this card's own numbers, verified 2026-07.
What is the annual fee for the IDFC FIRST Mayura Credit Card, and can it be waived?
The annual fee is ₹5,999 plus 18% GST, so ₹7,079 actually leaves your account. IDFC FIRST Bank does not publish a spend-based waiver for this card, so the fee recurs every year.
How much do you actually earn on the IDFC FIRST Mayura Credit Card?
The base rate is 0.833 points per ₹100, and each point is worth ₹0.5 at the best redemption — roughly 0.42% in value. There are no accelerated categories — the rate is flat across eligible spends.
Which spends earn no rewards on the IDFC FIRST Mayura Credit Card?
fuel earn zero. No points on fuel, EMI, cash; above Rs.20,000/cycle earns 10X If those categories are a big share of your monthly outgo, your effective return will be well below the advertised rate.
Does the IDFC FIRST Mayura Credit Card offer airport lounge access?
Yes — 16 domestic and 16 international complimentary visits a year. Condition: 4 domestic + 4 international/quarter (Rs.20,000 prior-month spend)
What does the IDFC FIRST Mayura Credit Card charge on foreign currency spends?
There is no forex markup on this card, which is unusual in India. GST therefore has no markup to apply to. Still decline Dynamic Currency Conversion abroad — being billed in INR at the terminal costs 3–5%.
Do reward points on the IDFC FIRST Mayura Credit Card expire?
No — points on this card do not carry a stated expiry. That does not protect you from devaluation, only from lapse.
Is there a cap on rewards from the IDFC FIRST Mayura Credit Card?
Yes. The tightest is flights and hotels at ₹6,250 of rewards a month, which you hit at about ₹15,00,600 of monthly spend in that category. Caps reset each statement month and unused headroom does not carry forward.
What milestone benefits does the IDFC FIRST Mayura Credit Card offer?
7,500 Reward Points at ₹8 lakh of annual spend (worth about ₹1,875); 15,000 Reward Points at ₹15 lakh of annual spend (worth about ₹3,750). Excluded categories usually do not count toward these targets — verify in the card's MITC.
Is the IDFC FIRST Mayura Credit Card annual fee tax-deductible, and are reward points taxable?
For a salaried cardholder the fee is a personal expense and is not deductible. If the card is used genuinely for business or professional spends, the fee and GST can be claimed as a business expense (and the GST as input credit where the card is billed to a GST-registered entity). Reward points earned in proportion to your own spending are generally treated as a post-purchase discount, not income, so they are not taxed in your hands.
Is TCS applicable on IDFC FIRST Mayura Credit Card spends abroad?
Tax Collected at Source under the Liberalised Remittance Scheme applies at 20% above the ₹10 lakh annual threshold for remittances and forex card loads. International spends on Indian credit cards have so far been kept outside the LRS pending notification, so no TCS is deducted at the point of sale today. This has been changed and deferred more than once — confirm the current position with IDFC FIRST Bank before a large overseas spend. Any TCS actually collected is not a cost: it is creditable against your income tax liability and refundable when you file your ITR.
What happens to the IDFC FIRST Mayura Credit Card account after the cardholder's death?
A credit card is an unsecured personal liability and cannot be inherited or transferred — the card must be surrendered and closed. Inform IDFC FIRST Bank in writing with the death certificate; the outstanding balance becomes payable from the deceased's estate, and the legal heirs are liable only to the extent of the assets they inherit, not personally. Any add-on cards stop working immediately. Unredeemed reward points are normally forfeited on closure, so a family member holding a large balance should redeem while the account is active. Nomination applies to deposits and investments, not to credit cards — but if there is a fixed deposit backing a secured card, the nomination on that FD governs its release.
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