IDFC First Bank
IDFC FIRST SWYP Credit Card
Data last verified: 27 October 2026
- Joining fee₹499 + GST
- Annual fee₹499 + GST
- Reward rate1% on most spends; 3% only at partner merchants
Takes you straight to the application. We earn a commission if you are approved, and you pay nothing extra.
- Joining fee₹499 + GST
- Annual fee₹499 + GST
- Forex markup0%
- Interest (APR)0% a month, 0% a year
The SWYP earns reward points worth about 1% on regular spends, with rewards capped at Rs 1,000 a month. Flights and hotels booked through the FIRST Rewards Gallery in the IDFC FIRST app earn about 3%. It also gives up to 16 railway lounge visits a year, a roadside assistance cover and a Lenskart Gold membership once the joining fee is paid.
It costs Rs 499 to join and Rs 499 every year, and there is no spend-based waiver. At 1% back, you need to spend around Rs 50,000 a year just to earn the fee back in points. Most regular users will clear that.
It suits salaried people starting out who want a simple rewards card with a low fee. The catch is that railway lounge visits need Rs 20,000 of spend in the previous month, and there is no airport lounge access.
Best for: First-time card users with a steady salary, Train travellers who use railway lounges, People who book travel through the IDFC FIRST app.
01IDFC FIRST SWYP Credit Card Rewards and Benefits
02IDFC FIRST SWYP Credit Card Annual Fee and Charges
- Joining fee
- ₹499 + GST
- Annual fee
- ₹499 + GST
- Spend-based waiver
- None
- Rewards redemption fee
- ₹99 per request
- Forex markup
- 0%
- Interest rate
- 0% a month (0% a year)
- Fuel surcharge waiver
- Yes
- Card replacement
- Not published
03What It's Worth, in Rupees
If you spend ₹20,000 a month on this card:
- ₹20,000 on everything else, earning 1%₹200
- Back each month, ₹2,400 a year₹200
- Annual fee with 18% GST−₹589
- In your pocket each year₹1,811
Worked out from this card's reward rates, caps and fee in our data; a rate limited to named merchants is not counted here. Your own spending will differ: see what this card is worth at your spend.
Good for
- Travel only at Hotel and flight bookings made through the FIRST Rewards Gallery in the IDFC FIRST Bank app: 3% back
- Flyers: some airport lounge visits a year
- Spending abroad: 0% markup, most cards add 3.5%
Skip it if…
- you spend less than ₹5,000 a month: below that the ₹589 fee costs more than the rewards
- most of your spending is fuel or foreign spends: those earn nothing on this card
- you pay mostly by UPI: a Visa or Mastercard card cannot pay by UPI
- you spend a lot on government payments: the card's terms do not state a rate there, so we count nothing
- you rarely spend on Hotel and flight bookings made through the FIRST Rewards Gallery in the IDFC FIRST Bank app: the 3% rate applies only there, everything else earns 1%
- you sometimes pay only the minimum due: interest of 0% a month outweighs any reward
04Product Details
- Joining and annual fee: ₹499 each
- About 1% back in reward points on regular spends
- About 3% on flights and hotels booked in the IDFC FIRST app
- 16 railway lounge visits a year (4 a quarter) after ₹20,000 spend in the previous month
- Roadside assistance four times a year
- 0% forex markup
05Pros and Cons
Pros
- Low ₹499 fee
- Flat 1% value on everyday spends
- Travel bookings in the app earn about 3%
- Roadside assistance and Lenskart Gold included
Cons
- No fee waiver, however much you spend
- No airport lounge access
- Railway lounges need ₹20,000 spend in the previous month
06How IDFC FIRST SWYP Credit Card earns Rewards
1% on most spends; 3% only at partner merchants.
| Spend category | Rate | Monthly cap | Where it applies |
|---|---|---|---|
| UPI payments (scan and pay) | Earns nothing | - | a Visa or Mastercard card cannot pay by UPI |
| Online shopping | 1% | No cap | The card's normal rate |
| Dining and food delivery | 1% | No cap | The card's normal rate |
| Groceries | 1% | No cap | The card's normal rate |
| Travel: flights, hotels, trains | 1% | No cap | Anywhere else in the category |
| Travel: flights, hotels, trains, only at listed merchants | 3% | No cap | Only at: Hotel and flight bookings made through the FIRST Rewards Gallery in the IDFC FIRST Bank appTerms: Reward points equal to 25% of hotel and 12% of flight booking value via the in-app FIRST Rewards Gallery, modelled at the conservative flight-leg rate (hotels earn roughly double); IDFC publishes no monthly cap on this bonus |
| Fuel | Earns nothing | - | earns nothing on this card |
| Bills and recharges | 1% | No cap | The card's normal rate |
| Rent | 1% | No cap | The card's normal rate |
| Insurance premiums | 1% | No cap | The card's normal rate |
| School and college fees | 1% | No cap | The card's normal rate |
| Wallet top-ups | 1% | No cap | The card's normal rate |
| Taxes and government payments | Not stated | - | the card's terms state no rate here; many cards pay nothing on these |
| Spend abroad or in a foreign currency | Earns nothing | - | earns nothing on this card |
| Everything else | 1% | No cap | The card's normal rate |
Terms on the base rate. Monthly milestones on total (not incremental) spend, reset each cycle: 200 pts at ₹5k, 500 at ₹10k, 1,000 at ₹15k, 2,000 at ₹30k, 4,000 at ₹60k; UPI, fuel, education, FASTag, railway and cash do not count. Separate 400 pts on ₹20k (800 on ₹40k) of education/FASTag/railway spends
Point value. 1 point is worth about ₹0.25 at the bank's stated value.
07IDFC FIRST SWYP Credit Card Travel Benefits
Railway lounges: 16 visits a year. Spend Rs 20,000 in the previous month for lounge access. Spending abroad carries a 0% forex markup; rewards on it: earns nothing. See what it costs on your trip
Also on the card. fuel surcharge waiver, airport lounge access, milestone bonuses, movie ticket offers.
- Fuel surcharge waiver: 1% fuel-surcharge waiver on fuel transactions between ₹200 and ₹5,000, capped at ₹200 per statement cycle
- Airport lounge access: Up to 16 complimentary railway lounge visits a year (4 per calendar quarter); effective 20 February 2025, each month's access requires ₹20,000 of spend in the previous calendar month
- Milestone bonuses: Year-2 renewal benefit, 2,000 reward points on ₹5,000 of spend within 45 days of the annual fee levy (from the second year onward)
- Movie ticket offers: 25% off up to ₹100 a month on movie tickets via District by Zomato when the card was spend-active in the previous month, plus partner offers at Domino's, Zomato, Zepto, Nykaa, Goibibo, EaseMyTrip and Tata CLiQ Fashion
08IDFC FIRST SWYP Credit Card Eligibility and Documents
- Employment
- Salaried or self-employed
Documents. PAN card Aadhaar / valid address proof Income proof, salary slips (salaried) or ITR (self-employed)
09Recent Changes
What IDFC First Bank changed on this card recently. The facts on this page already reflect them.
| Date | Change | Before | Now |
|---|---|---|---|
| 26 Oct 2026 | Reduced: International spends stop earning reward pointsSource: IDFC First Bank | Reward points on international spends at the card's own rate | No reward points on international spends |
| 15 Sept 2026 | Changed: Forex markup removedSource: IDFC First Bank | 1% to 3.5%, depending on the card | 0% (nil) |
| 9 Sept 2026 | Changed: Forex markup removedSource: IDFC First Bank | 1% to 3.5%, depending on the card | 0% (nil) |
| 1 Jul 2026 | Changed: Education added to special-category milestones, ₹40k tier addedSource: IDFC First Bank | FASTag + railway only; ₹20,000 → 400 points | Education added; ₹20,000 → 400 points, ₹40,000 → 800 points |
| 18 Jun 2026 | Reduced: Movie discount gated on staying spend-activeSource: IDFC First Bank | 25% off up to ₹100, once a month | Same, but only if you transacted in the previous calendar month |
See all 7 changes on this card → · All card changes in October 2026 →
10Cards Similar to IDFC FIRST SWYP Credit Card
IDFC FIRST SWYP Credit Card is a travel card. The two below are the closest on SkyloFin; open any of them, or put them side by side.
| Feature | IDFC FIRST SWYP Credit Card |  Federal Scapia Credit card |  IDFC FIRST Millennia Credit Card |
|---|---|---|---|
| Joining fee | ₹499 + GST | Lifetime free | Lifetime free |
| Annual fee | ₹499 + GST | Lifetime free | Lifetime free |
| Rewards | 1% on most spends; 3% only at partner merchants | 2% on most spends; 4% only at partner merchants | 0.38% base, up to 1.25% on dining |
| Domestic lounge | Not included | Unlimited | Not included |
| Forex markup | 0% | 0% | 0% |
| Type | Travel | Travel | Dining |
11Explore More
Card facts last verified 27 October 2026.
Card data sourced via CardAdvisor.in, India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.
Never Miss Your IDFC FIRST SWYP Credit Card Bill
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Common Questions
What is the fee on the IDFC FIRST SWYP card?
₹499 to join and ₹499 every year after that, plus GST. There is no spend target that waives it.
How much can I earn on the SWYP card?
About 1% back in points on regular spends, with rewards capped at ₹1,000 a month. Flights and hotels booked in the IDFC FIRST app earn about 3%.
Does the SWYP card give lounge access?
It gives up to 16 railway lounge visits a year, 4 a quarter, once you spend ₹20,000 in the previous month. There is no airport lounge access.
What is the joining fee for the IDFC FIRST SWYP Credit Card?
The joining fee is ₹499 + GST. Check the bank's page before you apply, because fees change and promotional waivers come and go.
What is the annual fee for the IDFC FIRST SWYP Credit Card?
The annual fee is ₹499 + GST.
Does applying through SkyloFin cost more?
No. You pay the same fees you would pay applying directly with IDFC First Bank. We earn a commission from the bank when someone applies through our link, and that is how the site is funded.
SkyloFin is not a bank and does not approve applications. Fees, rewards and eligibility rules are set by the provider and can change without notice. Always read the terms on the provider's site before you apply.
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