IDFC Bank FIRST SWYP Credit Card

About IDFC Bank FIRST SWYP Credit Card

The IDFC FIRST SWYP Credit Card is a basic credit card that helps you save money on shopping, travel, food, and more. You get discounts on popular brands and earn rewards based on how much you spend each month. You can also choose to get a digital RuPay card by paying a small yearly fee, which gives you rewards on your UPI payments too.

What makes this card different is its flexible payment option. At the end of each billing cycle, you can either pay the full amount or turn your bill into easy EMIs. Unlike regular credit cards, you don’t have to worry about high interest charges. If you can’t pay the full bill, you can convert your spends into EMIs starting from just 3 months, for amounts above ₹2,500.

The FIRST SWYP Credit Card by IDFC Bank is a fresh take on credit cards in India, designed especially for young users. It offers rewards and discounts on brands like Tata CLiQ, Zomato, and Dominos, and comes with a low joining fee of ₹499. You can also easily link it to your UPI apps for added convenience.

IDFC Bank FIRST SWYP Credit Card Rewards Program

200 reward points on monthly spends above ₹5,000
500 reward points on monthly spends above ₹10,000
1,000 reward points on monthly spends above ₹15,000
400 reward points on reaching ₹20,000 in rental spends per month
100 reward points on every ₹5,000 spent via UPI in a month

Important Notes:

Milestone rewards are not incremental. For example, if your monthly spend is ₹16,000, you will get only 1,000 reward points, not 200 + 500 + 1,000.
Transactions on UPI, fuel, rent, utilities, and cash withdrawal are not counted towards milestone rewards.
Rent payments are charged 1% + GST (minimum ₹249 per transaction).

Rewards Redemption

Redemption Value: 1 reward point = ₹0.25
Redemption Fee: ₹99 + GST
How to Redeem: Use points for online or in-store shopping via the ‘Pay with Points’ option or redeem on IDFC Rewards Portal

Other Features and Benefits

Welcome Benefits of IDFC FIRST SWYP Credit Card

1,000 Reward Points on your first EMI transaction made within 30 days of card issuance.
2,000 Reward Points when you spend at least ₹5,000 within the first 30 days of card issuance.
1-Year Lenskart Gold Membership worth ₹600 on payment of the joining fee.
EaseMyTrip Discount Coupons are offered upon joining fee payment. These are valid for 3 months post card issuance. You can use only one coupon per month—either for flight or hotel booking.

Coupon Details:

₹700 off on round-trip domestic flights (minimum booking ₹7,000)
₹500 off on one-way domestic flights (minimum booking ₹5,000)
₹700 off on hotel bookings (minimum value ₹4,000)

Note: Welcome offers may change at the bank’s discretion without prior notice.

Brand Discount Offers

Use code ‘IDFCSWYP’ to enjoy the following discounts:

Domino’s Pizza: 20% off up to ₹80 on orders above ₹299 (twice a month)
EaseMyTrip: 10% off up to ₹500 on flight or hotel bookings above ₹5,000 (once a quarter)
SUGAR Cosmetics: 20% off up to ₹270 on orders above ₹1,250 (once online and once offline per month)
TATA CLiQ: 10% off up to ₹100 on orders above ₹999 (once a month)
Zomato: 10% off up to ₹100 on orders above ₹299 (twice a month)

Other Benefits & Features

Fuel Surcharge Waiver: 1% waiver up to ₹200 per month on fuel spends between ₹200 and ₹5,000
Railway Lounge Access: 4 complimentary visits per calendar quarter (up to 16 visits/year)
Movies: 25% off up to ₹100 once per month on movie tickets via Paytm (use promo code: IDFCCCFM)
Roadside Assistance: Complimentary service worth ₹1,399
Merchant Offers: Access to 300+ merchant deals across various categories

Insurance Coverage:

Card Liability: ₹25,000
Personal Accident Cover: ₹2 lakh
Credit Shield: ₹50,000
Purchase Protection: ₹25,000

UPI Activation & Benefits with SWYP Card

You can activate UPI on your SWYP Credit Card by getting a FIRST Digital RuPay Credit Card, which is issued instantly.

It’s a fully virtual card, with no physical version.
The credit limit is shared with your main SWYP credit card.
Joining/Annual Fee: ₹199 + GST

UPI Joining Benefit:

Get 100% cashback up to ₹200 on your first 4 UPI transactions (₹50 max per transaction) made within 15 days of card issuance. Cashback is credited within 60 days. (Limited period offer)

UPI Reward Benefit:

Earn 100 reward points for every ₹5,000 spent via UPI in a month

Note: Fuel and cash transactions via UPI are not eligible for rewards.

Specification	Details
Joining Fee	₹499 + GST
Annual Fee	₹499 + GST
Rewards Redemption Fee	₹99
Foreign Currency Markup	3.5%
Cash Advance Charges	₹199
Fuel Surcharge	1% (up to ₹200/month)
Finance Charges	Not Applicable – option to convert spends into EMIs
Late Payment Charges	15% of Total Due (Min ₹100, Max ₹3,000)
Note	Total Due = Previous Statement – Payments before Due Date

Things to Know Before you apply

Get this card if:

You want a card that offers overall benefits
You can make use of brand discount offers
Most of your spending is through online purchases
You're okay with paying a small extra fee for UPI features and rewards
You're looking for a low annual fee card with lifestyle perks

Eligibility Criteria

Age: 21 to 70 years
Occupation: Salaried or Self-employed
Credit Score: Should have a good credit history

Document Required For IDFC Bank FIRST SWYP Credit Card

Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter ID
Proof of Address: Aadhaar Card, Driver’s License, Passport
Proof of Income: Latest 3 salary slips, Last 3 months’ bank statement

IDFC Bank FIRST SWYP Credit Card Hilights

What do we like about this card?

All-in-one credit card with lifestyle, shopping, and travel benefits
Brand discounts on platforms like Zomato, Domino’s, Tata CLiQ & more
Great for frequent online shoppers
Optional UPI-linked RuPay card for extra rewards
Low annual fee makes it budget-friendly
Easy EMI conversion with no high interest charges
Reward points on regular card and UPI spends

Pros

Low Joining & Annual Fee – Just ₹499 + GST
Great Welcome Benefits – Up to 3,000 reward points + partner coupons
Brand Discounts – Save on Zomato, Domino’s, EaseMyTrip, Tata CLiQ, etc.
Reward Points on Spends – Earn on both regular and UPI transactions
UPI Support – Optional RuPay variant for UPI payments with cashback and rewards

Cons

No Incremental Milestone Rewards – Only one tier benefit per month
High Foreign Markup Fee – 3.5% on international transactions
UPI Benefits Require Extra Fee – ₹199 + GST for RuPay card activation
Limited Airport Lounge Access – Only railway lounges included
Fuel, rent, utility bills don’t count for milestone rewards

Idfc Bank Credit Card Contact Details

Contact Address: IDFC FIRST Bank Ltd. Naman Chambers, C-32, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India
Helpline (24x7): 1800 10 888 (Toll-Free for all customers)
Simply SMS: Send “IDFCCREDIT” to 5676732 from your registered mobile number

Frequently Asked Questions

Everything you need to know about this credit card

Referral benefits are credited within 30–45 days of achieving the referral milestone, provided the referred cards remain active and in good standing.

You can make unlimited referrals. However, benefits are applicable only for the first 10 successful referrals, where the referred card remains active for one year after issuance.

No, cash withdrawal is not enabled on this card.

A convenience charge of Rs. 99 (+ applicable taxes) is levied per redemption transaction.

The joining/subscription fee of Rs. 499 + GST is charged on the day the card is issued. Payment must be made by the due date of your first statement to avoid late payment charges.

This card does not offer a credit revolve facility. You can either:
Pay your entire statement balance by the due date, or
Convert eligible balances into easy EMIs at a flat monthly EMI conversion fee.

Yes. The card has a joining fee of Rs. 499 + GST (first year) and an annual subscription fee of Rs. 499 + GST (from the second year onwards). However, the joining fee is waived if you successfully refer one customer under the IDFC FIRST SWYP referral program.