FIRST SWYP Credit Card
A ₹499-a-year EMI-first card with no revolving credit and no forex markup, whose rewards are monthly spend milestones (200 points at ₹5,000 up to 4,000 points at ₹60,000, 1 point = ₹0.25) rather than a rate per rupee, plus monthly partner discounts. Every figure below is copied from IDFC FIRST Bank’s own documents; open a figure’s source link to read it there. Official terms last checked 2026-10-16.
Not on record from an official document: a base reward rate for other spends. CardWise does not estimate these.
Fees and charges
| Joining fee | ₹499 plus GST Product page |
|---|---|
| Annual fee | ₹499 plus GST Product page |
| Annual fee waiver | None on record |
| GST on fees | As applicable (18% assumed in calculations) |
| Foreign-currency markup | None (0%) Product page |
| Balances cannot be revolved: they are paid in full or converted to EMIs for a flat monthly fee. | |
| Reward redemption fee | ₹99 plus GST Terms |
Rewards
Reward points, ₹0.25 each when redeemed as stated Product page.
| Spend | Earns | Cap |
|---|
The card has no reward rate per rupee: points come only from monthly milestones on eligible spends (200 at ₹5,000, 500 at ₹10,000, 1,000 at ₹15,000, 2,000 at ₹30,000, 4,000 at ₹60,000; not cumulative), with separate small milestones for education, FASTag and railway spends and 100 points for ₹5,000 of UPI spend in a statement month. CardWise cannot price this structure yet.
No rewards on
- Fuel (and cash withdrawals) earn nothing Product page
Benefits
- Lounges: none on record
- Fuel: 1% fuel surcharge waived on fills of ₹200 to ₹5,000, up to ₹200 a statement cycle Product page
- Welcome: ₹500 gift voucher on ₹5,000 of spend within 30 days of paying the joining fee Product page
- Milestone: 200 points on ₹5,000 of eligible spend in a billing cycle Product page
- Milestone: 500 points in all on ₹10,000 Product page
- Milestone: 1,000 points in all on ₹15,000 Product page
- Milestone: 2,000 points in all on ₹30,000 Product page
- Milestone: 4,000 points in all (worth ₹1,000) on ₹60,000 Product page
Also on this card
Quoted from IDFC FIRST Bank; not counted in the net value.
- Monthly milestones: up to 4,000 points (worth ₹1,000) on ₹60,000 of spend Product page
- 25% bonus points on hotels and 12% on flights booked in the IDFC FIRST app Terms
- 2,000 points (worth ₹500) each year on ₹5,000 of spend within 45 days of the annual fee Product page
- Monthly 10% partner discounts (Zomato, Zepto, Nykaa, Myntra, Tata CLiQ, Goibibo) Product page
- 25% off movie tickets, up to ₹100 a month Product page
- 4 railway lounge visits a quarter Product page
- EMIs at a flat monthly fee instead of interest Product page
- Personal accident cover of ₹2 lakh Product page
Eligibility
The issuer does not publish its criteria on the pages read. Approval is its own decision.
Not published by IDFC FIRST Bank in the documents read
- a reward rate per rupee spent (rewards are monthly milestones only)
- the card network
- eligibility criteria
The quotes behind the figures
29 figures, each copied from an official IDFC FIRST Bank document.
Show every quote and source
“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 FIRST SWYP Credit Card provides ZERO forex markup.”
“Reward redemption value of 1 Reward Point : ₹0.25”
“#Spends done on Education, Fuel, FASTag Recharges, Railways, Cash Withdrawals & UPI is not counted towards calculating eligible spends per month.”
“Markup Charges on Foreign currency transactions and NIL Dynamic & Static Currency Conversion Transactions**”
“value of 1 Reward Point = 0.25 for flight and hotel bookings made through the”
“Earn up to 4,000 Reward Points worth ₹1,000 as you spend, every month”
“Milestone rewards are not incremental; for e.g. On an eligible spend of ₹16,000, Customer will earn 1,000 Rewards Points only”
“400 Reward Points on minimum spends of ₹20,000 on Education Spends,FASTag Recharges & Railway Spends per billing cycle”
“Earn 100 Reward Points on every UPI spend of ₹5,000 in a statement month”
“Joining and Annual fee (2nd year onwards) of just ₹199 + GST”
“Reward points worth ₹250 , unlocked on your first EMI Transaction done within 30 days”
“12% Bonus Reward Points on flight bookings”
“6. A convenience fee of 99 (plus applicable taxes) will be charged on redemption”
“Get 1% Fuel Surcharge Waiver up to ₹200 in a statement cycle at all fuel stations across India on transactions between ₹200 & ₹5,000”
“Welcome Offer: Gift voucher worth ₹500 on spending ₹5,000 within 30 days of joining fee payment”
“Eligible spends greater than or equal to ₹5,000: 200 RPs”
“Eligible spends greater than or equal to ₹10,000:Total of 500 RPs”
“Eligible spends greater than or equal to ₹15,000:Total of 1000 RPs”
“Eligible spends greater than or equal to ₹30,000: Total of 2000 RPs”
“Eligible spends greater than or equal to ₹60,000: Total of 4000 RPs”
“25% Bonus Reward Points on hotel bookings”
“Annual Offer: Get 2000 Reward Points worth ₹500 on spending ₹5,000 within 45days of Annual Fee levy”
“Up to ₹500 on orders above ₹3,000 available separately on Nykaa Fashion Beauty and Men”
“Get 25% off up to ₹100 on movie tickets* booked through District by Zomato, once every month”
“Complimentary Railway Lounge Access (4 per quarter):”
“There is no concept of credit revolve (i.e. carrying on payment dues to the next month)”
“Personal Accident Cover of up to ₹2,00,000”
“Enjoy a rewarding experience with benefits worth ₹60,000+ every year for just ₹499+ GST Apply Now”
Terms change, sometimes without notice. Read the issuer’s current terms before applying. CardWise has no affiliate arrangement with IDFC FIRST Bank or any issuer. Issuer names and logos belong to their owners and are shown only to identify each card’s issuer; CardWise is not affiliated with any issuer. The logo is IDFC FIRST Bank’s own file from its website, unaltered, fetched 2026-10-15. Methodology