IDFC FIRST Bank FIRST SWYP Credit Card
IDFC FIRST Bank · Open to apply
An EMI-first card for ₹499 a year: there is no revolving credit or interest; the bill is paid in full or converted to EMIs for a flat monthly fee. Rewards come only from monthly spend milestones (200 to 4,000 points a statement cycle on ₹5,000 to ₹60,000), plus partner discounts and a railway lounge allowance.
- Annual fee
- ₹499 + GST a year
- Joining fee
- ₹499 + GST
- Base rate
- No points per transaction; rewards come from monthly milestones: 0% in IDFC FIRST Bank reward points (about 0% at cash value)
- Lounges
- Railway: 4 visits a calendar quarter after ₹20,000 spend
- Forex markup
- 0%
- Data
- From bank documents, checked 6 Nov 2026
Main earn rates
- Hotels booked in the IDFC FIRST app, 25 bonus points per ₹100: 25 IDFC FIRST Bank reward points per ₹100 on top of the base rate (about 6.25% at cash value)
- Flights booked in the IDFC FIRST app, 12 bonus points per ₹100: 12 IDFC FIRST Bank reward points per ₹100 on top of the base rate (about 3% at cash value)
- UPI on the RuPay add-on, 100 points for every ₹5,000 in a statement cycle: 100 IDFC FIRST Bank reward points per ₹5,000 (about 0.5% at cash value)
Earns nothing on
- No points per transaction; rewards come from monthly milestones
- No UPI points on fuel or cash
Terms the calculator does not value
- Renewal offer: 2,000 points (₹500) on spending ₹5,000 within 45 days of the annual fee levy, from the second year. It needs spend in a window after the fee, which the calculator cannot express, so it is not valued.
- The monthly milestones exclude railway spends and UPI, which the milestone format cannot exclude; the calculator counts IRCTC and UPI spend toward them.
- There is no revolving credit: any balance not paid in full must be converted to EMIs for a flat monthly fee. The calculator assumes the bill is paid in full.
- From 18 June 2026 points are earned only on spends up to the credit limit in a billing cycle, and repaid-and-reused limit earns nothing.
- Limited-period UPI offer on the RuPay add-on: 100% cashback up to ₹200 (₹50 on each of the first 4 UPI transactions), no dates given.
Sources
- FIRST SWYP Credit Card product page, with fees, rewards, benefits and FAQ (Product page, the bank's own, read 6 Nov 2026)
- Bank letter: Important update regarding your FIRST SWYP Credit Card (May 2026, effective 18 June 2026) (Bank notice, the bank's own, read 6 Nov 2026)
- IDFC FIRST SWYP Credit Card product guide (Reward terms, the bank's own, read 6 Nov 2026)
- IDFC FIRST Bank credit card Most Important Terms and Conditions (MITC) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- FIRST SWYP Credit Card – Bonus Rewards Program (app flight and hotel bookings) (Reward terms, the bank's own, read 6 Nov 2026)
- FIRST SWYP Credit Card privileges document (railway lounge, insurance, roadside assistance, offers) (Reward terms, the bank's own, read 6 Nov 2026)