Visa, RuPay 📡 Contactless NFC

FIRST SWYP Credit Card

Joining Fee₹499

Annual Fee₹499

Forex Markup 3.5%

Application ModeDirect via Bank Website

⚖️ Card Verdict & Target Persona

Who Should Apply

Gen Z shoppers, beauty buyers (Nykaa), quick-commerce users (Zepto), and UPI spenders seeking milestone point accelerators and flexible EMI conversions.

Who Should Avoid

Air travelers seeking domestic airport lounge visits.

🎁 Key Features & Highlights

🎉

Joining & Activation Welcome Gift

1,000 bonus Reward Points on spending ₹5,000 within first 30 days of card setup + ₹500 discount on first EMI conversion

Discounts on Nykaa & Zepto

10% instant discount on Nykaa (up to ₹500 on orders above ₹3,000) and 10% discount on Zepto groceries (up to ₹50).

Up to 10X Milestone Reward Points

Earn up to 10X Reward Points on online and offline shopping based on monthly spend milestones with points that never expire.

Complimentary Railway Lounge Access

4 complimentary railway lounge visits per calendar year (1 visit per quarter on min ₹20,000 monthly spend).

💰 Reward Structure & Point Valuation

1 Reward Points = ₹0.25

Standard Base Earning

4 Reward Points per ₹150 spent on retail purchases (0.67% return; 1 RP = ₹0.25)

Accelerated / Partner Rate

Milestone accelerators: 4X points on spends up to ₹5,000, 6X points on spends from ₹5,001 to ₹15,000, and 10X points on spends above ₹15,000 in a billing cycle; 10% off at Nykaa (up to ₹500/mo); 10% off at Zepto (up to ₹50/mo)

Points Validity:Never Expire

Redemption Fee: ₹99 + GST / cycle

Redemption Modes: Instant Point Checkout at 100+ Partner Online Merchants (1 RP = ₹0.25), IDFC FIRST Rewards Portal (Brand Gift Vouchers & Products)

🚫 No Reward Points / Cashback on:

Fuel Wallet Loads Rent Payments Government Transactions Cash Advances

🛋️ Airport Lounge Access & Spend Criteria

✗ No Free Lounge Access

🛫

Domestic Lounge Visits1 complimentary railway lounge visit per calendar quarter (4 visits/year)

🌐

International Lounge VisitsNone

⚠️

Spend Criteria: Requires minimum retail spend of ₹20,000 in the previous calendar month

⚡ Spend Milestones & Special Perks

Annual Fee Waiver ₹100,000/yr

Annual renewal fee of ₹499 is waived off on spending ₹1,00,000 or more in the previous anniversary year

UPI Payments Support✓ Supported (RuPay)

Up to 10X Reward Points on merchant RuPay UPI QR transactions based on monthly spend milestones

Fuel Surcharge Waiver1% Surcharge Waived

1% fuel surcharge waiver for transactions between ₹200 and ₹5,000 (Capped at ₹300/mo)

📋 Eligibility Criteria

✓ Official Criteria

Age Limit18 - 65 Years

Min. Monthly Income₹20,000

Min. Credit Score700 CRIF

Employment TypeSalaried / Self-Employed

📊 Interest Rates & Charges

Finance Charges (Interest Rate / APR):0.75% to 3.75% per month (9.0% to 45.0% per annum dynamic APR)

Late Payment Penalties:Late payment charges slab-based up to ₹1,250

Official Bank Portal Application

Get the FIRST SWYP Credit Card

Annual Fee: ₹499/yr (Waivable)

Personalized Card Matcher

Still Confused About Your Best Match?

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Frequently Asked Questions

No, FIRST SWYP Credit Card has a joining fee of ₹499 and an annual renewal fee of ₹499 (plus applicable taxes).