All cards / IDFC FIRST Bank
IDFC FIRST SWYP Credit Card
A milestone-driven card, not a per-spend rewards card — built around fee-based EMI conversion and merchant discounts, better suited to occasional big-ticket EMI buyers than everyday reward-chasers.
Annual fee
₹499
Joining fee
₹499
Reward type
points
Base reward rate
0%
Card network
Visa
Card tier
Mid
Who this card fits
Best suited to applicants with a credit score of roughly 700+ whose spend is concentrated in online shopping. It's worth the annual fee mainly if your points value clears it.
Rewards & benefits
- Rewards rate: 0% base rate
- Domestic lounge access: 4 complimentary railway lounge visits per quarter, unlocked by ₹20,000 spend in the current calendar month
Benefits by category
- ⛽ Fuel
1% fuel surcharge waiver, up to ₹200/month
- 🌍 Forex / international spend
0% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹25,000
- Employment: salaried, self-employed
- Age: 21–60
Fees & charges
- Foreign currency markup: 0%
- Fuel surcharge waiver: 1% fuel surcharge waiver, up to ₹200/month
Benefits
- 200 reward points on monthly spend over ₹5,000; 500 points total on monthly spend over ₹10,000
- Up to 20% discount on Domino's, Nykaa, MakeMyTrip, Myntra and more
- Fee-based (interest-free), no-processing-fee EMI conversion on transactions above ₹2,500
- 1% fuel surcharge waiver, up to ₹200/month
- Referral programme unlocking fee waivers, cashback, bonus points, movie discounts and lounge access
Pros
- + Fee-based (interest-free) EMI conversion on purchases above ₹2,500
- + Up to 20% off popular online brands
- + Strong referral programme with real perks
Cons
- − No per-rupee reward rate — only milestone points on monthly spend thresholds
- − Milestone point payout is low relative to spend
- − Second-year annual fee has no clear spend waiver
- − International spends no longer count toward reward points from 26 Oct 2026
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