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

These details are based on information updated on 6 March 2026. Fees and benefits change often - confirm on the issuer's own page before applying.

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