IDFC Bank FIRST SWYP Credit Card
- Updated On: 14 May, 2026
The FIRST SWYP Credit Card by IDFC Bank is an innovative offering in the Indian credit card market. It offers an array of benefits, including reward points and discounts on popular brands like Tata CLiQ, Zomato, Sugar, Zepto, Nykaa, and Dominos, making it highly appealing to youngsters. The card can be availed at a low joining fee of ₹499 and can even be linked to your UPI apps.
What makes this card unique is that at the end of each cycle, you must pay the total amount due or convert it into easy EMI spends. Unlike conventional credit cards, you won’t have to pay hefty interest with this credit card. If unable to clear your dues, you can simply convert your spends into flexible EMIs, starting from a tenure of 3 months and a minimum transaction of ₹2,500.
IDFC Bank FIRST SWYP Credit Card
( 4.6 / 5 )
- Joining Fee
- Annual Fee
- Best Suited For
- Reward Type
Rewards Rate
200, 500, 1,000, 2,000 and 4,000 RPs on Spends of ₹5,000, ₹10,000, ₹15,000, ₹30,000, and 60,000 Respectively
Welcome Benefits
1,000 RPs on the First EMI Transaction, 1 Year Lenskart Gold Membership, and 2,000 Reward Points on Spends of ₹5,000
Rewards and Benefits
Movie & Dining
25% Discounts on Movie Tickets With District by Zomato (Benefit Can Be Availed By Spending ₹20,000 in the Previous Month)
Rewards Rate
200, 500, 1,000, 2,000 and 4,000 RPs on Spends of ₹5,000, ₹10,000, ₹15,000, ₹30,000, and 60,000 Respectively
Reward Redemption
Points Can be Redeemed at IDFC First Rewards. Pay With Points Facility Also Available. 1 RP = ₹0.25
Travel
4 Free Railway Lounge Access Each Quarter (Benefit Can Be Availed By Spending ₹20,000 in the Previous Month)
Domestic Lounge Access
N/A
International Lounge Access
N/A
Golf
N/A
Insurance Benefits
Complimentary Insurance Covers are Provided
Fees & Charges
Spend-Based Waiver
N/A
Rewards Redemption Fee
₹99 + GST
Foreign Currency Markup
3.5%
Interest Rates
N/A
Fuel Surcharge Waiver
1% Up to Rs. 200 (Monthly)
Cash Advance Charges
Rs. 199
Product Details
- Reasonable joining fee of Rs. 499.
- Easily convert your spends into EMIs.
- Complimentary railway lounge access is provided.
- Plenty of welcome benefits are offered with this card.
Pros/Cons
Pros
- There are numerous welcome benefits associated with this card, such as a free Lenskart Gold membership, 1,000 Reward Points, and Free Times Prime membership.
- This card comes at an affordable joining/annual charge of Rs. 499.
Cons
- While this card grants complimentary access to railway lounges, airport lounge access requires fulfilling referral criteria.
- You must either pay your full amount due by the due date or convert your pending balance into EMI. Paying the minimum amount due is not an option.
FIRST SWYP Credit Card Rewards
You shall earn Reward Points on monthly milestone spends.
| Required Spending | Points |
| Monthly Spends of ₹5,000 or More | 200 Reward Points |
| Monthly Spends of ₹10,000 or More | 500 Reward Points |
| Monthly Spends of ₹15,000 or More | 1,000 Reward Points |
| Monthly Spends of ₹30,000 or More | 2,000 Reward Points |
| Monthly Spends of ₹60,000 or More | 4,000 Reward Points |
- From July 2026, IDFC FIRST SWYP Credit Cardholders will earn 400 Reward Points on spends of ₹20,000 and 800 Reward Points on spends of ₹40,000 in categories like education, FASTag recharges, and railway transactions under the revised milestone rewards structure.
- These milestone Reward Points are not incremental, meaning spends of ₹17,000 will earn only 1,000 Reward Points.
- Cash withdrawals, utility spends, and fuel transactions will not count towards monthly milestone spends.
1 Reward Point = ₹0.25
FIRST SWYP Credit Card Features
Like the Millennia Credit Card, this card offers attractive benefits to young people in multiple categories, such as travel, movies, and shopping. Check out all the benefits below.
Welcome Benefits
- Get 1,000 Reward Points on your first EMI transaction made within 30 days of joining fee payment. These points can later be redeemed for shopping, online purchases, and other rewards.
- Spend ₹5,000 within the first 30 days and get a ₹500 Amazon Gift Voucher as a welcome gift from the bank.
- Enjoy EaseMyTrip discount coupons worth up to ₹2,100 on flight and hotel bookings after paying the joining fee. This can help cardholders save on travel expenses during the first few months.
- Get a complimentary Lenskart Gold Max Membership for 1 year, which offers extra discounts and benefits while shopping for eyewear.
- Receive MakeMyTrip vouchers worth up to ₹1,500 on flights and hotel bookings, making the card more rewarding for frequent travelers.
- Cardholders also get a flat 10% discount on Mokobara purchases, over and above existing offers available on the website.
Free Railway Lounge Access
With the IDFC First SWYP Credit Card, you get 4 free railway lounge access each quarter. This adds up to 16 complimentary visits each year.
What benefits will be offered with free railway lounge access?
- Unlimited tea and coffee.
- 2 hours of lounge stay.
- Comfortable sitting area with AC.
- Free WIFI.
- One free buffet meal.
Movie Offers With District by Zomato
Get 25% off up to ₹100 while booking movie tickets on the District by Zomato mobile App. Use the promo code IDFCCCFM to avail of this offer, which is valid once per month. This benefit is unlocked by spending ₹20,000 or more in the previous month.
Renewal Benefit
Get 2,000 Reward Points upon the realization of annual charges. Cardholders must make spends of ₹5,000 within 45 days of the annual fee levy to be eligible for this annual benefit.
UPI Enabled
You can make UPI transactions with the FIRST SWYP Credit Card. You shall earn 100 Reward Points on spends of ₹5,000 on UPI. To use this facility, you would need to pay the charge of ₹199 + GST per annum.
Roadside Assistance
Through Global Assure, you shall get roadside assistance (RSA) worth ₹1,399 four times a year.
Benefits for Referring IDFC Bank First SWYP Credit Card
You can earn great benefits and rewards by referring your friends and family to the IDFC FIRST SWYP Credit Card. Currently, you can earn up to ₹11,299 worth of benefits simply by achieving successful referrals.
| Number of Referrals | Benefit | Value of Benefit |
| 1 | Waiver of Annual Charges | ₹499 |
| 3 | Bonus of 4,000 Reward Points | ₹1,000 |
| 5 | Waiver of EMI Fees Up to ₹1,500 | ₹1,500 |
| 7 | Movie Vouchers Worth ₹2,000 | ₹2,000 |
| 9 | Cashback of ₹2,500 | ₹2,500 |
| 10 | 4 Free Domestic Airport Lounge Access | ₹3,800 |
Additional Discounts on Featured Partners
With the SWYP Credit Card, you can enjoy additional discounts and offers on a monthly and quarterly basis. The list of current featured partners is provided below, and these partners may change from time to time.
Dominos
- 20% discount up to ₹80 on orders above ₹299.
- You can avail of this offer twice a month.
EaseMyTrip
- Get a 10% discount of up to ₹500 on bookings of hotels and flights above ₹5,000.
- This offer can be availed of once each quarter.
Tata CLiQ Fashion
- Instant 10% discount up to ₹100 on purchases above ₹999.
- Valid once each month.
Zomato
- Get a 10% discount up to ₹100 on orders above ₹299.
- The offer is available twice a month.
Nykaa
- 10% off up to ₹500 on purchase of ₹3,000.
- Once each month.
Zepto
- Enjoy a 10% instant discount of up to ₹50 on orders over ₹499.
- This offer is available once a month.
Goibibo
- Get up to 20% off on domestic hotels and flights once per category each month.
Review of IDFC Bank FIRST SWYP Credit Card
The IDFC Bank FIRST SWYP Credit Card is an innovative and interesting offering. In our opinion, after the AU Bank LIT Credit Card, this is the card that truly offers unique privileges.
With this credit card, you won’t have to worry about a minimum amount due or any interest charges. You can use up your credit and pay the total amount due, or convert your spends into EMIs. This feature is especially beneficial for young people who can easily shop and enjoy their lifestyle to the fullest by simply converting their spends into easy EMIs. These EMIs carry a flat charge starting from ₹49.
This credit card is a great choice for students and frequent railway travelers. It offers complimentary railway lounge access up to 16 times a year. Not only this, but by referring this credit card to others, you can earn extra benefits up to ₹11,000. If you’re interested in domestic lounge access, you can get it by referring enough people at no extra cost. Whether you want introductory benefits, rewards on monthly spends, or discounts on popular brands, this credit card has them all. Apply for it now with Card Insider and enjoy its numerous benefits.
Share your thoughts on this latest and exciting credit card offering by IDFC Bank in the comments below.
FAQs:
What is the interest rate for the First SWYP Credit Card?
There is no interest rate applicable for this credit card. Either the customer must pay the total amount due in full or convert the amount into an EMI.
Can the FIRST SWYP Credit Card be linked to UPI?
Yes, you can enable UPI transactions on your FIRST SWYP Credit Card for an annual charge of Rs. 199 + GST.
What are the fees for converting our spends into EMI?
You will charged a flat fee for converting your spends into EMIs. This will be starting from Rs. 49 + GST.
What are the annual charges for FIRST SWYP Credit Card?
This card carries an annual fee of Rs. 499 + GST.
4 comments
thakivuddhin
hey..
where we can know the proper monthyl fee of emi’s
Kartik Kanwar
The Monthly EMI conversion flat fee is dynamic & is dependent on the transaction amount and tenure selected at the time of EMI conversion
thakivuddhin
hey..
If i spend 60,000 and i convert it into emi tenure of 24 month how much monthly fee will be charged ?
Kartik Kanwar
“Convert transactions & balances into easy EMI at a monthly flat fee starting ₹49 + GST.” No other clear answer is given on the website.