MyFinCards
FIRST SWYP

Joining Fee

₹499

Annual Fee

Rs. 499 + Taxes

IDFC FIRST Bank
Rewards
Lifestyle
Shopping
Best For: Digital-first lifestyle spenders, Frequent online shoppers, Users who prefer EMI flexibility, Budget-conscious users seeking maximum value at low fee

FIRST SWYP

Rewards Structure

Base Reward Rate

% on spends

Point Value

1 Point = ₹0.25

Earning Cap

₹4,000 /monthly

Pros

  • Low joining and annual fee of just ₹499 + GST
  • Benefits worth ₹60,000+ every year
  • Up to 20% instant discounts on feature partners year-round
  • Flexible repayment options including EMI and pay in full
  • Generous welcome benefits worth ₹5,000+
  • Railway lounge access 4 times per quarter
  • Fuel surcharge waiver up to ₹200/month
  • Lucrative referral program with benefits worth ₹11,000+

Cons

  • Monthly milestone rewards not applicable on FASTag, cash withdrawal, fuel & railway spends
  • Railway lounge access requires ₹20,000 spend in current month
  • Milestone rewards are not incremental

Hidden Catches (Transparency Policy)

To build trust with our users, we highlight the fine print that issuers often tuck away in policy documents.

Milestone rewards are not incremental — only the highest qualifying tier reward is given

Railway lounge access requires ₹20,000 spend in current calendar month to unlock access in following month

Annual fee ₹499 + GST applicable from second card anniversary year

Welcome offer Amazon voucher only on spending ₹5,000 within 30 days of joining fee payment

Key Benefits & Features

Referral program: earn cashback, reward points, EMI fee waiver, movie vouchers, and 4 complimentary domestic airport lounge access on 10 referrals

Notable Exclusions

Monthly Milestone Rewards not applicable on FASTag Recharges, Cash Withdrawal, Fuel & Railway Spends

*Exclusions may apply to EMI transactions, fuel, and wallet reloads based on current bank policy.

Official Terms & Conditions

About FIRST SWYP

The IDFC FIRST SWYP Credit Card is designed for digital-first lifestyle spenders who want maximum value at a minimal cost of just ₹499 plus GST as joining and annual fee. The card delivers benefits worth ₹60,000 or more every year through year-round discounts of up to 20% on feature partners including Zomato, Zepto, Nykaa, Goibibo, EaseMyTrip, Domino's, and TATA CliQ Fashion, along with offers across 300 or more merchants. New cardholders are welcomed with assured benefits worth ₹5,000 or more, including a ₹500 Amazon gift voucher, a complimentary Lenskart Gold Max Membership, travel discounts on MakeMyTrip and EaseMyTrip, and 10% off on Mokobara. One of the card's standout features is its flexible repayment options, allowing users to split purchases into easy EMIs at the point of sale, convert transactions into EMIs post-purchase, or pay the full balance by the due date. Cardholders also earn monthly milestone reward points of up to 4,000 worth ₹1,000 based on spending tiers, with 1 Reward Point equaling ₹0.25. The card is also UPI-enabled, offering cashback and reward points on UPI transactions. Altogether, the FIRST SWYP Credit Card is a smart, budget-friendly choice for shoppers seeking everyday savings and financial flexibility.

Expert Review

Our Verdict

₹499 fee card with ₹60,000+ yearly benefits, instant partner discounts & flexible EMI repayment options.

Frequently Asked QuestionsAbout FIRST SWYP

FEESWhat is the Joining/Annual Fee on FIRST SWYP Credit Card?
The FIRST SWYP Credit Card comes with a Joining Fee of ₹499 + GST and an Annual Fee (applicable from the second card anniversary year) of ₹499 + GST. The Joining Fee will be levied on credit card application approval. Additionally, there is a limited period offer where the card can be powered for a Joining and Annual Fee of just ₹199 + GST.
FEESWhy am I being asked to pay the Joining Fee upfront to receive my credit card?
IDFC FIRST Bank believes in complete transparency and wants customers to make an informed decision about their Joining Fee and its associated benefits. By asking for payment upfront, the bank aligns with its core values of openness and trust, ensuring you have full cognizance about the applicable fee. This process allows you to make a conscious and responsible choice. It also aims to minimize wastage due to cancelled and returned cards.
FEESWhere can I pay the Joining Fee for my FIRST SWYP Credit Card?
You will receive communication from the bank to pay the Joining Fee as soon as your credit card application is approved. You can pay the Joining Fee of ₹499 + GST through the link provided in the bank's communication. On the payment page, you must authenticate using the mobile number and date of birth mentioned during the card application. Payment can be made using UPI or net banking.
BENEFITSWhat welcome benefits do I get with the FIRST SWYP Credit Card?
On payment of the joining fee of ₹499 + GST, you receive welcome benefits worth ₹5,000+. These include: a ₹500 Amazon gift voucher on spends of ₹5,000 within 30 days, instant discount worth ₹1,500 on hotel and flight bookings via MakeMyTrip, up to ₹2,100 instant discount (₹700/month) on flights or hotel bookings for the first 3 months via EaseMyTrip, a complimentary Lenskart Gold Max Membership for 1 year, 1,000 Reward Points (worth ₹250) on your first EMI transaction within 30 days, and flat 10% off on your first purchase at Mokobara.com within 90 days.
REWARDSHow does the monthly milestone rewards program work on the FIRST SWYP Credit Card?
The FIRST SWYP Credit Card rewards you with milestone Reward Points based on your monthly spends in a billing cycle. You can earn up to 4,000 Reward Points worth ₹1,000 per month. Additionally, you earn 400 Reward Points on minimum spends of ₹20,000 on FASTag Recharges and Railway Spends per billing cycle. Note that milestone rewards are not incremental — for example, on eligible spends of ₹16,000, you earn 1,000 Reward Points only. Milestone rewards are not applicable on FASTag Recharges, Cash Withdrawal, Fuel, and Railway Spends.
REWARDSWhat is the value of Reward Points earned on the FIRST SWYP Credit Card?
Each Reward Point earned on the FIRST SWYP Credit Card is worth ₹0.25. So, for example, 4,000 Reward Points are worth ₹1,000. You can redeem your Reward Points for flight bookings, hotel bookings, and gift vouchers through the 'FIRST Rewards Gallery' section on the IDFC FIRST Bank Mobile App. Reward Points never expire, giving you the flexibility to accumulate and redeem them at your convenience.
BENEFITSWhat partner discounts are available on the FIRST SWYP Credit Card?
The FIRST SWYP Credit Card offers up to 20% instant discounts on feature partners all year round. Key partner discounts include: 10% off (up to ₹50) on Zomato once a month, 10% off (up to ₹500) on Nykaa Fashion and Beauty, 10% off (up to ₹100) on Domino's twice a month, 10% off (up to ₹350) on Zepto once a month, 20% off (up to ₹80) on TATA CliQ Fashion twice a month, 10% off (up to ₹500) on Goibibo once a month, and 10% off (up to ₹500) on EaseMyTrip once a month. Access to 300+ merchant offers is also available.
USAGEWhat repayment options are available with the FIRST SWYP Credit Card?
The FIRST SWYP Credit Card offers flexible repayment options: (1) Merchant EMI – split your purchase into affordable EMIs at the merchant's point of sale with applicable interest rates; (2) Transaction EMI – convert eligible purchases into easy EMIs after the transaction with a flat monthly fee, via the Bank's mobile app; (3) Balance Conversion – convert your eligible statement balance into affordable EMIs with a flat monthly fee via the mobile app each month; and (4) Pay in Full – pay your entire balance by the due date to avoid any charges.
BENEFITSWhat is the SWYP Tribe referral program and what benefits can I earn?
The SWYP Tribe referral program lets you earn benefits worth ₹11,000+ by referring friends and family. Here's what you get: Refer 1 – ₹499 cashback (worth your joining fee); Refer 3 – 4,000 Reward Points worth ₹1,000; Refer 5 – EMI fee waiver up to ₹1,500; Refer 7 – Movie Ticket voucher worth ₹2,000; Refer 9 – Cashback of ₹2,500; Refer 10 – 4 complimentary Domestic Airport Lounge accesses. Referral benefits are eligible only for successful FIRST SWYP referrals.
BENEFITSDoes the FIRST SWYP Credit Card offer railway lounge access?
Yes, the FIRST SWYP Credit Card offers 4 complimentary Railway Lounge accesses per quarter. However, please note that effective 20th February 2025, you must spend ₹20,000 within the current calendar month to access railway lounge benefits in the following month. This benefit adds significant travel value for cardholders who frequently travel by train.
BENEFITSWhat insurance benefits come with the FIRST SWYP Credit Card?
The FIRST SWYP Credit Card provides comprehensive insurance coverage including: Personal Accident Cover of up to ₹2,00,000; 24/7 Roadside Assistance for any emergencies while traveling, worth ₹1,399 (complimentary 4 times a year); and Lost Card Liability protection of up to ₹25,000. These benefits ensure peace of mind for cardholders in unexpected situations.
BENEFITSIs there a fuel surcharge waiver on the FIRST SWYP Credit Card?
Yes, the FIRST SWYP Credit Card offers a 1% fuel surcharge waiver of up to ₹200 per month. This waiver is applicable on fuel transactions between ₹200 and ₹5,000 per month. Over a year, this can translate to savings of up to ₹2,400. Note that fuel spends are not eligible for monthly milestone reward points.
APPLICATIONHow do I apply for the FIRST SWYP Credit Card?
Applying for the FIRST SWYP Credit Card is simple and fully digital. Follow these steps: (1) Enter your basic personal details; (2) Provide your work and income information; (3) Complete an instant video KYC if required; (4) Complete the Joining Fee payment of ₹499 + GST; and (5) Receive your FIRST SWYP Credit Card. You can apply directly through the IDFC FIRST Bank website or mobile app.
REWARDSCan I earn accelerated Reward Points on travel bookings with the FIRST SWYP Credit Card?
Yes, the FIRST SWYP Credit Card offers accelerated Reward Points on travel bookings made via the 'FIRST Rewards Gallery' section in the IDFC FIRST Bank Mobile App. You can earn 15% Bonus Reward Points on all flight bookings and 35% Bonus Reward Points on all hotel bookings, over and above your regular credit card reward program. These bonus points can be redeemed for flights, hotels, and gift vouchers.
FEESWhat are the annual fee benefits on the FIRST SWYP Credit Card?
When the Annual Fee of ₹499 + GST is levied from the second card anniversary year onwards, you receive an Annual Offer of 2,000 Reward Points worth ₹500 on spending ₹5,000 within 45 days of the Annual Fee levy. This effectively offsets a significant portion of the annual fee and ensures continued value for loyal cardholders.

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