Travel on Points

IDFC Bank FIRST SWYP Credit Card

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  • Joining fee

    ₹499 + GST

  • Annual fee

    ₹499 + GST

  • Best suited for

    Movies, Travel, Shopping

  • Reward type

    Reward Points

Rewards

  • Rewards rate

    200, 500, 1,000, 2,000 and 4,000 RPs on Spends of ₹5,000, ₹10,000, ₹15,000, ₹30,000, and 60,000 Respectively

  • Welcome benefits

    1,000 RPs on the First EMI Transaction, 1 Year Lenskart Gold Membership, and 2,000 Reward Points on Spends of ₹5,000

  • Reward redemption

    Points Can be Redeemed at IDFC First Rewards. Pay With Points Facility Also Available. 1 RP = ₹0.25

Benefits

  • Movie & dining

    25% Discounts on Movie Tickets With District by Zomato (Benefit Can Be Availed By Spending ₹20,000 in the Previous Month)

  • Travel

    4 Free Railway Lounge Access Each Quarter (Benefit Can Be Availed By Spending ₹20,000 in the Previous Month)

  • Insurance

    Complimentary Insurance Covers are Provided

Fees & charges

  • Rewards redemption fee

    ₹99 + GST

  • Foreign currency markup

    3.5%

  • Fuel surcharge waiver

    1% Up to Rs. 200 (Monthly)

  • Cash advance charges

    Rs. 199

Product highlights

  • Reasonable joining fee of Rs. 499.
  • Easily convert your spends into EMIs.
  • Complimentary railway lounge access is provided.
  • Plenty of welcome benefits are offered with this card.

Pros & cons

Pros

  • There are numerous welcome benefits associated with this card, such as a free Lenskart Gold membership, 1,000 Reward Points, and Free Times Prime membership.
  • This card comes at an affordable joining/annual charge of Rs. 499.

Cons

  • While this card grants complimentary access to railway lounges, airport lounge access requires fulfilling referral criteria.
  • You must either pay your full amount due by the due date or convert your pending balance into EMI. Paying the minimum amount due is not an option.

FAQs

What is the interest rate for the First SWYP Credit Card?

There is no interest rate applicable for this credit card. Either the customer must pay the total amount due in full or convert the amount into an EMI.

Can the FIRST SWYP Credit Card be linked to UPI?

Yes, you can enable UPI transactions on your FIRST SWYP Credit Card for an annual charge of Rs. 199 + GST.

What are the fees for converting our spends into EMI?

You will charged a flat fee for converting your spends into EMIs. This will be starting from Rs. 49 + GST.

What are the annual charges for FIRST SWYP Credit Card?

This card carries an annual fee of Rs. 499 + GST.