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IDFC Bank FIRST SWYP Credit Card

The IDFC Bank FIRST SWYP Credit Card by IDFC Bank offers a fresh and attractive choice for cardholders in India. With perks like reward points and discounts on popular brands such as Tata CLiQ, Zomato, Sugar, and Domino’s, it’s especially appealing to younger users. The card comes with a low joining fee of ₹499 and can be easily connected to UPI apps for added convenience.

What makes this IDFC Bank FIRST SWYP Credit Card stand out is its flexible payment options. At the end of each billing cycle, you can either pay the full balance or convert it into easy EMIs. Unlike traditional credit cards, it doesn't come with high interest charges. If you’re unable to pay in full, you can choose EMIs starting from 3 months, with a minimum transaction of ₹2,500, giving you more control over your payments.

Credit Card Detail
Joining Fee
Rs. 499.00 +GST
Renewal Fee
Rs. 499.00 +GST
Best Suited For
Travel | Shopping
Reward Type
Reward Points
Welcome Benefits
Get a free Lenskart Gold membership after paying the joining fee. Earn 1,000 reward points on your first EMI transaction within 30 days. Spend ₹30,000 in the first 90 days to receive a one-year Times Prime membership.
Rewards Rate
Earn 200, 500, and 1,000 reward points on spending ₹5,000, ₹10,000, and ₹15,000 respectively.
Reward Redemption
You can redeem points at IDFC First Rewards, and there's also an option to pay using your points.
Movie & Dining
25% off on movie tickets.
Travel
4 free railway lounge visits every quarter.
Golf
N/A
Domestic Lounge Access
N/A
International Lounge Access
N/A
Insurance Benefits
Free insurance coverage is provided.
Interest Rates
N/A
Spend-Based Waiver
N/A
Rewards Redemption Fee
Rs. 99
Cash Advance Charges
Rs. 199
Foreign Currency Markup
3.50% +GST
Fuel Surcharge
1% Up to Rs. 200 (Monthly)
Card Details
  • Movie Discount: Save 25% (up to ₹100) on one movie ticket per month via Paytm using promo code IDFCCCFM.
  • Exclusive Deals: Unlock 300+ offers across different brands and categories.
  • Minimal Annual Fee: ₹199 + GST per year.
  • UPI Rewards: Earn 100 reward points for every ₹5,000 spent via UPI in a month.
  • Roadside Assistance: Avail free assistance worth ₹1,399.
  • Affordable Joining Fee: Pay just ₹499 to get started.
  • Fuel Savings: Get a 1% fuel surcharge waiver on transactions between ₹200 and ₹5,000, capped at ₹200 per month.
  • Flexible EMIs: Easily convert purchases into EMIs for better payment flexibility.
  • Linked Credit Limit: The SWYP credit card and its UPI-linked version share the same limit.
  • Welcome Perks: Get cashback and discounts as a joining bonus.
  • Free Railway Lounge Access: Enjoy up to 16 complimentary visits per year (4 per quarter).
  • UPI Cashback Offer: Get up to ₹200 cashback (₹50 per transaction) on your first 4 UPI transactions within 15 days of activation.
Pros/Cons
Pros
- Enjoy welcome benefits like free Lenskart Gold membership, 1,000 reward points, and free Times Prime membership and get this card for an affordable joining/annual fee of ₹499.
Cons
- This card offers free railway lounge access, but airport lounge access requires meeting referral criteria. You must pay the full amount due or convert the balance into EMI; partial payments are not allowed.
Frequently Asked Questions

Does the IDFC FIRST SWYP Credit Card have a joining or annual fee?

Yes, the card has an annual fee of ₹499 + GST. The first-year joining fee of ₹499 + GST can be waived with a successful referral.

What benefits do I get for paying the joining fee?

You get 1,000 Reward Points for your first EMI transaction within 30 days, a one-year Times Prime Membership for spending ₹30,000 in 90 days, and a free Lenskart Gold Membership.

What are the charges for converting purchases into EMI?

EMI conversion starts from ₹49 + GST.

Do Reward Points expire?

No, your Reward Points remain valid indefinitely.

When will my credit card statement be generated?

Statements are issued on the 17th of each month, subject to change if it falls on a holiday.

Is there a limit to referrals?

No, but referral benefits apply only to the first 10 successful referrals where the referred card stays active for a year.

What is an Eligible Balance for EMI conversion?

The total due amount, excluding existing EMIs and fees, can be converted into EMIs with a flat fee.

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