What credit cards are affected by IDFC First Bank's changes?

The changes affect IDFC First Bank's popular credit cards including Mayura, Ashva, Select, and Wealth.

When do the new IDFC FIRST Select and Wealth lounge access rules start?

New lounge access rules for IDFC FIRST Select and Wealth cards begin in April 2026.

Are there new fees on IDFC First Bank credit cards?

Yes, new fees are introduced for FASTag recharges and railway bookings above specific spending thresholds.

Home / Business and Economy / IDFC Bank Slashes Credit Card Perks, Adds Fees

IDFC Bank Slashes Credit Card Perks, Adds Fees

24 Dec

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Summary

Reward rates and lounge access significantly reduced for premium cards.
Lifetime-free cards now offer fewer reward points per rupee spent.
New fees introduced for FASTag and railway bookings above certain limits.

IDFC Bank Slashes Credit Card Perks, Adds Fees

IDFC First Bank is implementing a significant overhaul of its credit card benefits, affecting popular cards such as Ashva, Mayura, Select, and Wealth. Effective January 18, premium cardholders will see reduced reward points on international transactions, and a minimum spend of ₹20,000 in a billing cycle is required for maximum rewards. Reward points may not be credited if the minimum payment is delayed.

Lifetime-free cards like Classic, Select, and Wealth also face reward dilution, with customers now earning one point per ₹200 spent, a decrease from the previous one point per ₹150. While bonus points remain for spends over ₹20,000 monthly and on birthdays, overall reward earnings are diminished. Airport lounge access is also being trimmed, with Select and Wealth cardholders receiving fewer complimentary domestic and international lounge visits starting April 2026.