About IDFC Bank FIRST SWYP Credit Card
IDFC FIRST SWYP Credit Card, with an annual fee of ₹499, is designed for users who want savings on everyday online spends. It offers discounts of up to 20% on popular platforms like Domino’s, Nykaa, MakeMyTrip, and Myntra, making it a good shopping credit card option. Unlike regular cards that give rewards on every transaction, this card provides benefits through monthly milestone-based rewards, which can still deliver decent value if you spend consistently.
In addition to regular spends, you can also earn rewards on UPI transactions by activating the FIRST Digital RuPay UPI card, available at an additional annual fee of ₹199. This makes it useful for users who prefer UPI payments and want to earn rewards on daily transactions. For users looking at travel credit cards and rewards credit cards, this card also offers savings on travel bookings through partner platforms.
Another unique feature is the referral program, where you can earn benefits like fee waiver, cashback, reward points, movie discounts, and even lounge access based on successful referrals. However, these benefits depend on usage and may not be easy for everyone to maximize.
Lastly, the card limits bill payment flexibility—you can either pay the full outstanding or convert it into EMIs. This helps avoid high interest charges from revolving credit, making it a safer option for users who want better control over their spending.
Also Read: Best IDFC Credit Cards
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
Rewards Earning:
- 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
Suggested Read: Best Rewards Credit Cards for Everyday Spending
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.
Also Check: Best Travel Credit Cards
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)
Also Read: Best Brand Benefits Credit Cards in India
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.
Also Read: Best Credit Cards in India 2026
Fees and Charges
| 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 |
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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
Click here to know More Terms and Conditions
Eligibility Criteria
- Age: 21 to 70 years
- Occupation: Salaried or Self-employed
- Credit Score: Should have a good credit history
IDFC Bank FIRST SWYP Credit Card Highlights
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
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
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
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Frequently Asked Questions
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.
