IDFC FIRST Bank

IDFC FIRST SWYP Credit Card

Monthly milestone rewards rather than a per-spend rate: 200 points (₹50) at ₹5,000 spend in a cycle, rising to 4,000 points (₹1,000) at ₹60,000, which works out to about 1–1.67% at each threshold. Purchases are paid in full or converted to EMI for a flat monthly fee; balances can't be carried over.

₹499 joining, ₹499 a year

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Good

No forex markup

Watch out for

The bank doesn't publish what a reward point is worth
Can't be used on UPI (not a RuPay card)

Who it's for: People whose spending matches its best category: everyday spends.
Skip it if: You want rewards to cover the fee: a free card pays as much.

Worked out from the bank's published terms with the same rules for every card, never from what we earn. How we judge cards.

Rewards (value back as % of spend)

Fuel: 0%

Fees and charges

Joining fee: ₹499
Annual fee: ₹499
Fee waiver: No spend-based waiver published. The joining fee must be paid (plus GST) after approval before the card is activated and dispatched; annual fee applies from the second card year
Forex markup: 0%
Fuel surcharge waiver: 1% on fuel transactions of ₹200–₹5,000, up to ₹200 per statement cycle

Benefits and eligibility

Airport lounge: No airport lounge visits as a card feature (4 domestic visits are only a reward for 10 referrals); 4 railway lounge visits a quarter after ₹20,000 spend in the previous calendar month.
Card network: Not published by the bank
UPI payments: No
Minimum income (salaried): Not published by the bank
Eligibility: IDFC FIRST Bank doesn't publish age, income or employment criteria for this card. Issuance at the bank's discretion.

Fees exclude GST. Reward rates are the value back you get at the bank's published redemption value; where a bank doesn't publish what a point is worth, we leave the rate blank rather than guess. See how we compare cards.

Compare it with other cards

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CreditParakh is not a bank or lender. Approval, limits and final terms are decided by IDFC FIRST Bank.

What changed recently

From 26 Oct 2026UpcomingRewardsWorse for you
International spends will no longer earn reward points.
After: No points on international spends
Announced change, takes effect after the log date. Comes with the zero forex markup from 9 September 2026.
Bank's notice or terms
9 Sept 2026FeesBetter for you
No forex markup on international transactions.
After: 0% forex markup
The notice covers all IDFC FIRST cards ('savings of up to 3.5%') and doesn't state this card's earlier markup.
Bank's notice or terms
1 Jul 2026MilestonesBetter for you
The special-category monthly milestone now includes education spends and adds a second tier: 400 more points at ₹40,000, for up to 800 points a cycle.
Before: FASTag and railway only: 400 points at ₹20,000 · After: Education, FASTag and railway: 400 points at ₹20,000, 800 at ₹40,000
The bank gives the start as the July 2026 statement cycle, not a single date; 1 July 2026 is used.
Bank's notice or terms
18 Jun 2026Reward capsWorse for you
Points are earned only on spends up to the credit limit in each billing cycle, including spends made after repaying within the same cycle.
After: Points capped at spends up to the credit limit per cycle
Bank's notice or terms
18 Jun 2026OtherWorse for you
The monthly 25% movie discount (up to ₹100) now needs at least one card transaction in the previous calendar month.
Before: No spend condition stated · After: At least one transaction in the previous calendar month
Bank's notice or terms

All card changes, month by month

Questions people ask

Is the IDFC FIRST SWYP Credit Card worth it in 2026?

Hard to say: the bank doesn't publish what its rewards are worth, so check its reward terms first. The catch: can't be used on UPI (not a RuPay card).

Is the IDFC FIRST SWYP Credit Card lifetime free?

No. It costs ₹499 to join and ₹499 a year, plus GST. No spend-based waiver published. The joining fee must be paid (plus GST) after approval before the card is activated and dispatched; annual fee applies from the second card year.

Does the IDFC FIRST SWYP Credit Card work on UPI?

No. Only RuPay credit cards can be linked to UPI, and this isn't one.

Does the IDFC FIRST SWYP Credit Card give airport lounge access?

No airport lounge visits as a card feature (4 domestic visits are only a reward for 10 referrals); 4 railway lounge visits a quarter after ₹20,000 spend in the previous calendar month.

What earns no rewards on the IDFC FIRST SWYP Credit Card?

Fuel and cash withdrawals earn nothing, and nor do international spends from 26 October 2026. UPI, education, FASTag and railway spends don't count towards the monthly milestones: education, FASTag and railway earn only a separate bonus of up to 800 points (₹200) a statement cycle, and UPI only through the paid FIRST Digital add-on (100 points per ₹5,000 of UPI spend a statement month).

Is there a limit on rewards with the IDFC FIRST SWYP Credit Card?

Monthly milestone rewards top out at 4,000 points (₹1,000) per statement cycle, reached at ₹60,000 of eligible spend; each tier pays a total, not an increment, so spend above ₹60,000 earns nothing more. Education, FASTag and railway spends earn a separate bonus of up to 800 points (₹200) per statement cycle, reached at ₹40,000 of such spends.

Who can get the IDFC FIRST SWYP Credit Card?

IDFC FIRST Bank doesn't publish age, income or employment criteria for this card. Issuance at the bank's discretion. Approval is at the bank's discretion.

How we checked this card: the CreditParakh team read IDFC FIRST Bank's own terms and product page on 18 Oct 2026. Every fee, rate and rule above comes from those pages; where they disagree, we say so. We re-check every card monthly and log changes on card changes. See our editorial standards.

Last verified 18 Oct 2026 on IDFC FIRST Bank's official page. Fees and rewards change; check the issuer's terms before you apply.

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