A Detailed Review of IDFC FIRST SWYP Credit Card

The IDFC FIRST SWYP Credit Card suits everyday expenses across shopping, travel, food and lifestyle needs. It helps you save through brand discounts and earn rewards based on monthly usage.

The card also offers an optional digital RuPay variant for UPI rewards at a low annual fee. You stay in control at every step. Choose easy EMI with a flat monthly fee or clear dues in full. You decide how you SWYP and repay.

IDFC FIRST SWYP Credit Card Benefits

1. Welcome Offers

• Amazon voucher worth ₹500 after spending ₹5,000 within 30 days of joining fee payment on the primary FIRST SWYP Credit Card.
• 1,000 reward points on your first successful EMI conversion completed within 30 days of FIRST SWYP Credit Card activation.
• Discount coupons up to ₹1,500 on travel bookings and enjoy a 1-year Lenskart Gold Max membership worth ₹800 after paying the joining fee.

2. Food and Dining Offers

• Zomato offers 10% off up to ₹100, valid twice a month.
• Domino’s Pizza gives 20% off up to ₹80, available 2 times each month.

3. Travel and Stay Discounts

• Goibibo provides up to 20% off on domestic hotels and flights, once per category every month.
• EaseMyTrip gives 10% off up to ₹500 on domestic hotels and flights, plus a 10% instant discount once a month.

4. Shopping and Beauty Deals

• Nykaa offers 10% off up to ₹500 once a month across Beauty, Men and Fashion.
• Sugar Cosmetics gives a 20% instant discount up to ₹270 on orders above ₹1,250, once a month.
• TATA CLIQ Fashion offers 10% off up to ₹100 once a month.
• Myntrafwd gives a 10% instant discount up to ₹350 on orders above ₹850, once a month.
• Zepto offers 10% off up to ₹50, valid once a month.

5. Referral Rewards

• Unlock referral benefits worth over ₹11,000 by successfully inviting eligible users.

IDFC FIRST SWYP Credit Card Referral Program

The IDFC FIRST SWYP Credit Card lets existing cardholders invite family and friends with ease in 3 simple steps.

• Step 1: Click here and add your mobile number.
• Step 2: Receive the link and send it to your friends or family.
• Step 3: Your friends or family use the link while applying.

Referral benefits apply only when the referred card is issued successfully and stays active.

• Only current IDFC FIRST SWYP Credit Card holders can act as referrers.
• Referrals apply only to the IDFC FIRST SWYP Credit Card.
• Benefits trigger after the referred card becomes active.
• Rewards credit within 30 to 45 days through bank communication or system credit.

Note: There is no cap on the number of referrals you can make. However, benefits apply only for the first 10 successful referrals.

IDFC FIRST SWYP Credit Card Referral Rewards Program

Each successful referral adds real value, with benefits increasing as you reach higher referral counts.

1. 1st Successful Referral

Your ₹499 annual subscription fee gets waived. The same amount credits back as cashback to your card account.

2. 3rd Successful Referral

Earn 4,000 bonus reward points. Standard reward redemption charges apply at the time of use.

3. 5th Successful Referral

Get a waiver on flat monthly EMI conversion fees up to ₹1,500. If you have an active EMI, cashback adjusts against EMI fees. If no EMI exists within 90 days, you receive a ₹1,000 token cashback.

4. 7th Successful Referral

Receive a movie ticket voucher worth ₹2,000. The voucher merchant remains at the bank’s discretion and must be used before expiry.

5. 9th Successful Referral

Enjoy a flat cashback of ₹2,500, credited directly to your credit card statement.

6. 10th Successful Referral

Get 4 complimentary domestic airport lounge visits, valid for one year from benefit posting.

IDFC FIRST Bank SWYP EMI Credit Card Other Privileges

The IDFC FIRST SWYP EMI Credit Card adds everyday comfort and savings. You get a 1% fuel surcharge waiver up to ₹200 per month and a 25% discount on movie tickets.

The card also includes complimentary roadside assistance worth ₹1,399 for added security. You unlock 300+ merchant offers across popular categories throughout the year.

With IDFC FIRST SWYP Credit Card lounge access, you enjoy 4 complimentary railway lounge visits every quarter, which makes long journeys more comfortable.

The card comes with an instantly issued virtual RuPay credit card. No physical card is provided and both cards share the same credit limit. A separate annual fee of ₹199 + GST applies to activate the Digital RuPay Credit Card.

IDFC FIRST SWYP Credit Card Milestone and Rewards Program 

This rewards structure helps you earn milestone points based on billing cycle spends and bonus rewards on flight and hotel bookings.

• How Monthly Milestone Rewards Work?

1. Spend over ₹5,000 in a billing cycle and earn 200 reward points.
2. Spend over ₹10,000 and earn a total of 500 reward points.
3. Spend over ₹15,000 and receive 1,000 reward points.
4. Spend over ₹30,000 to earn 2,000 reward points.
5. Spend over ₹60,000 and get 4,000 reward points.
6. Rental and utility spends of ₹20,000 earn 400 reward points per cycle.

• Accelerated Rewards on Travel Bookings

1. Earn 15 bonus reward points per ₹100 on flight bookings.
2. Earn 35 bonus reward points per ₹100 on hotel bookings.

Note: These bonus points apply over and above the regular rewards program.

How to Save with the IDFC FIRST SWYP EMI Credit Card?

Here is a simplified snapshot of the estimated annual benefit value, based on regular usage assumptions.

Benefit Category	What You Get	Estimated Value (₹)
Feature Partner Discounts	Maximum savings across Zomato, Goibibo, Domino’s, Zepto, Nykaa, EaseMyTrip, TATA CLiQ Fashion	32,000
Other Merchant Offers	300+ merchants, assuming ₹15,000 annual spend with 10% savings	1,500
Welcome Benefits	Travel discounts, EaseMyTrip coupons, Lenskart membership, ₹500 Amazon voucher, 1,000 EMI reward points	5,150
Movie Benefits	25% off up to ₹100 once every month	1,200
Monthly Milestone Rewards	4,000 points at ₹60,000 spends plus rental and utility rewards	13,200
Referral Benefits	Rewards from 10 successful referrals	11,299
Fuel Surcharge Waiver	Waiver up to ₹200 each month	2,400
Travel and Assistance	Roadside assistance and railway lounge access	2,199

Therefore, the combined value of all benefits adds up to an estimated ₹60,000+ in annual savings for active card users.

IDFC FIRST SWYP Credit Card Fees and Charges

Parameters	Charges
Joining and Annual Fee	₹499 + GST
Finance Charges	NA
Cash Advance Fee	₹199
Over-Limit Charges	2.5% (min. ₹550)
Late Payment Charges	15% of Total Amount DueRanges between ₹100 - ₹6,000

UPI card activation triggers a ₹199 plus GST joining fee and a ₹199 + GST annual fee from the second year onward.

💡Manage your card payments smoothly with the Pice App. Get timely reminders, pay credit card bills with ease and track payment status in one place. All transactions remain secure and GST-compliant.

Conclusion

The IDFC FIRST SWYP Credit Card is built for daily spends with strong brand offers, milestone rewards, EMI flexibility and referral perks. With optional RuPay UPI access, lounge benefits and low fees, it delivers meaningful savings and control for shoppers, travellers, food lovers and smart bill managers nationwide, reliable, rewarding.

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