IDFC FIRST SWYP Credit Card
Rewards & Benefits
Welcome Benefits
Users will get a free Lenskart Gold Membership on payment of joining fees. Users can get 1,000 reward points on 1st successful EMI transaction within the first 30 days from card issuance. 2000 reward points on spending ₹5,000 or more within the first 30 days from card issuance and discount coupons worth ₹2,100 from EaseMyTrip on payment of joining fee.
Milestone Benefits
Cashback Rate
The value of 1 reward point is Rs. 0.25.
Users will get 200 reward points on a monthly spend of ₹ 5,000. Effective cashback rate: 1%.
Users will get 500 reward points on a monthly spend of ₹ 10,000. Effective cashback rate: 1.25%.
Users will get 1,000 reward points on a monthly spend of ₹ 15,000. Effective cashback rate: 1.67%.
100 reward points on monthly UPI spends of ₹5,000 or more (excluding fuel and rent transactions). Effective cashback rate: 0.50%.
Movie Benefits
25% off up to Rs 100 on movie tickets.
Dining Benefits
Other Benefits
Lounge Access
Fees & Charges
Joining Fee
199 + GST
Annual Fee
(2nd year onwards)199 + GST
Cash Advance Fee
Cash advance fee: 2.5% of the amount withdrawn with a minimum of ₹250
Interest rate
The IDFC FIRST SWYP Credit Card is unique in that it doesn't charge a traditional interest rate. Instead, it uses a flat fee system for converting purchases above ₹2,500 into EMIs (Equal Monthly Installments).
Late Payment Fee
Late payment fee: Up to ₹1000 + 2.5% of the outstanding amount, whichever is higher
Foreign Currency Transactions Fee
Foreign currency markup fee: 3.5%
Other Fees
Minimum payment fee: 5% of the outstanding amount or ₹100, whichever is higher | Over-limit fee: ₹200 + 2% of the over-limit amount | Balance transfer fee: 1% of the amount transferred, with a minimum of ₹250 and a maximum of ₹3,000
Cons
No airport lounge access.
High cashback is only applicable if the user spends Rs. 15,000 per month.
Capping of discount on movie ticket is low.
Welcome Benefit: Users will get a free Lenskart Gold Membership on payment of joining fees. Users can get 1,000 reward points on 1st successful EMI transaction within the first 30 days from card issuance. 2000 reward points on spending ₹5,000 or more within the first 30 days from card issuance and discount coupons worth ₹2,100 from EaseMyTrip on payment of joining fee.
Reward System: The value of 1 reward point is Rs. 0.25. Users will get 200 reward points on a monthly spend of ₹ 5,000. Effective cashback rate: 1%.Users will get 500 reward points on a monthly spend of ₹ 10,000. Effective cashback rate: 1.25%. Users will get 1,000 reward points on a monthly spend of ₹ 15,000. Effective cashback rate: 1.67%. 100 reward points on monthly UPI spends of ₹5,000 or more (excluding fuel and rent transactions). Effective cashback rate: 0.50%.
Users can enjoy 4 complimentary railway lounge accesses per quarter.
25% off up to Rs. 100 on movie tickets.
Discounts and benefits on dining, entertainment, travel, and more with partner brands like Zomato, SUGAR Cosmetics, EaseMyTrip, Domino's.
Rewards & Benifits
Welcome Benefits
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Rewards System
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Welcome Benefits and Reward System
Special Features
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Eligibility Criteria
Age: 18-70 years old.
Citizenship: Indian resident.
Employment: Salaried or self-employed.
Credit Score: Minimum credit score varies depending on the variant of the card applied for. Typically, a score of 750 or above is preferred.
Income: Minimum income requirement varies depending on the variant of the card applied for. Generally, it starts from ₹25,000 per month.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Visit the IDFC FIRST Bank website or app.
Choose "Apply for Credit Card" and select the FIRST SWYP variant.
Fill out the online application form with details like your name, contact information, income, and employment.
Upload scanned copies of the required documents (PAN card, address proof, income proof).
Apply and wait for processing.
Contact Details
1800 10 888
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: Users will get a free Lenskart Gold Membership on payment of joining fees. Users can get 1,000 reward points on 1st successful EMI transaction within the first 30 days from card issuance. 2000 reward points on spending ₹5,000 or more within the first 30 days from card issuance and discount coupons worth ₹2,100 from EaseMyTrip on payment of joining fee.
Reward System: The value of 1 reward point is Rs. 0.25. Users will get 200 reward points on a monthly spend of ₹ 5,000. Effective cashback rate: 1%.Users will get 500 reward points on a monthly spend of ₹ 10,000. Effective cashback rate: 1.25%. Users will get 1,000 reward points on a monthly spend of ₹ 15,000. Effective cashback rate: 1.67%. 100 reward points on monthly UPI spends of ₹5,000 or more (excluding fuel and rent transactions). Effective cashback rate: 0.50%.
Users can enjoy 4 complimentary railway lounge accesses per quarter.
25% off up to Rs. 100 on movie tickets.
Discounts and benefits on dining, entertainment, travel, and more with partner brands like Zomato, SUGAR Cosmetics, EaseMyTrip, Domino's.
No airport lounge access.
High cashback is only applicable if the user spends Rs. 15,000 per month.
Capping of discount on movie ticket is low.
The IDFC FIRST SWYP Credit Card is a good choice for individuals who, Prefer avoiding interest charges and are comfortable with managing their spending responsibly.
Make large purchases occasionally and can benefit from flexible EMI options.
Value additional benefits like lounge access and discounts. However, if you Need revolving credit for unexpected expenses and prioritize diverse reward options, you should check other cards available in the market
The IDFC FIRST SWYP Credit Card is a good choice for individuals who, Prefer avoiding interest charges and are comfortable with managing their spending responsibly.
Make large purchases occasionally and can benefit from flexible EMI options.
Value additional benefits like lounge access and discounts. However, if you Need revolving credit for unexpected expenses and prioritize diverse reward options, you should check other cards available in the market
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
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Fuel Surcharge
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Billing Cycle
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