IDFC FIRST SWYP Credit Card
IDFC FIRST Bank · Mastercard · Entry card
A youth-oriented UPI card that combines monthly reward milestones with a generous published lounge allowance.
Young UPI users who can meet monthly spend conditions and use domestic lounges.
Terms checked 23 Sept 2026
- Annual fee
- ₹499 + GST
- Joining fee
- ₹499 + GST
- Base reward rate
- 0%
- Forex markup
- 0%
Reward rates by spending category
Published catalogue rates before caps and merchant-category exclusions.
| Category | Recorded rate |
|---|---|
| Online shopping | 0% |
| Groceries & essentials | 0% |
| Dining & delivery | 0% |
| Fuel & commute | 0% |
| Travel & hotels | 0% |
| Bills & utilities | 0% |
| Beauty & wellness | 0% |
| Entertainment & movies | 0% |
| Education & family | 0% |
| Healthcare & pharmacy | 0% |
| Subscriptions & streaming | 0% |
| Offline store shopping | 0% |
| International spending | 0% |
| Gold & jewellery | 0% |
| House rent | 0% |
| Insurance premiums | 0% |
| Other miscellaneous | 0% |
Caps and fee waiver
- Reward caps
- No general cap recorded
- Annual fee waiver
- No waiver recorded
- Monthly income requirement
- Not listed
Airport lounge access
No complimentary airport lounge access recorded
Movies and entertainment
District · 25% discount · up to ₹100 · 1 use/month
Requires ₹1 per Calendar month for the following calendar month.
Benefits & conditions
Expand a category to see recorded benefits, fees and eligibility, with conditions and links to the sources. Categories without recorded details are grouped below; missing information does not mean a benefit is unavailable.
Rewards and cashback · 9 items
App hotel bonus points
Usage-based valueTwenty-five bonus points per ₹100 when the entire eligible hotel booking is paid with SWYP in the bank app.
Conditions: Twenty-five bonus points per ₹100 when the entire eligible hotel booking is paid with SWYP in the bank app.
App flight bonus points
Usage-based valueTwelve bonus points per ₹100 when the entire eligible flight booking is paid with SWYP in the bank app.
Conditions: Twelve bonus points per ₹100 when the entire eligible flight booking is paid with SWYP in the bank app.
Statement-cycle milestone programme
Usage-based valueOrdinary value is awarded through the non-cumulative statement-cycle milestone grid rather than a per-transaction base rate.
400 total points at ₹20,000 and 800 total points at ₹40,000 monthly education, FASTag and railway spend
Shown without a cash value2,000 renewal points after ₹5,000 eligible spend within 45 days of annual-fee levy
Shown without a cash valueOptional ₹199 FIRST Digital RuPay companion with 100 points per ₹5,000 qualifying monthly UPI spend
Shown without a cash valueUp to 4,000 points worth ₹1,000 in each qualifying statement cycle
Shown without a cash value25 bonus points per ₹100 on app hotels and 12 per ₹100 on app flights
Shown without a cash valueZero forex markup with no-expiry reward points
Shown without a cash value
Fees · 2 items
Annual card fee
Cost ₹499₹499 annual fee before applicable tax.
Joining fee
Cost ₹499₹499 one-time joining fee before applicable tax.
Welcome benefits · 3 items
₹500 welcome voucher
Recorded value ₹500Fixed-value voucher after the introductory spend target.
Conditions: Spend ₹5,000 on eligible purchases within 30 days
1,000 first-EMI reward points
Recorded value ₹250Welcome points worth ₹250.
Conditions: Complete the first eligible EMI transaction within 30 days
Conditional travel and merchant offers
Shown without a cash valueMakeMyTrip, EaseMyTrip, Lenskart and Mokobara offers are disclosed without guaranteed cash value.
Conditions: Merchant, coupon, booking and membership terms apply
Spend milestones · 5 items
200 total points at ₹5,000 statement spend
200 reward unitsFirst incremental component of the non-cumulative published tier.
Conditions: Reach ₹5,000 per statement cycle
Exclusions: fuelCommute · educationFamily
Additional 300 points at ₹10,000 statement spend
300 reward unitsBrings the published total to 500 points.
Conditions: Reach ₹10,000 per statement cycle
Exclusions: fuelCommute · educationFamily
Additional 500 points at ₹15,000 statement spend
500 reward unitsBrings the published total to 1,000 points.
Conditions: Reach ₹15,000 per statement cycle
Exclusions: fuelCommute · educationFamily
Additional 1,000 points at ₹30,000 statement spend
1,000 reward unitsBrings the published total to 2,000 points.
Conditions: Reach ₹30,000 per statement cycle
Exclusions: fuelCommute · educationFamily
Additional 2,000 points at ₹60,000 statement spend
2,000 reward unitsBrings the published total to 4,000 points.
Conditions: Reach ₹60,000 per statement cycle
Exclusions: fuelCommute · educationFamily
Airport lounge access · 1 item
Four railway-lounge visits per quarter after ₹20,000 current-month spend for access next month
Shown without a cash value
Movies and entertainment · 1 item
District movie offer
Usage-based · up to ₹1,20025% discount up to ₹100, 1 time per month.
Conditions: Spend ₹1 per calendar month
Insurance and protection · 2 items
₹2 lakh personal-accident cover
Shown without a cash value₹25,000 lost-card liability cover
Shown without a cash value
Memberships · 1 item
Current merchant discounts and partner memberships under their purchase and validity terms
Shown without a cash value
Foreign-currency charges · 1 item
Zero forex markup
Usage-based value0% foreign-currency markup before applicable tax.
Conditions: Applies to eligible foreign-currency transactions
Eligibility and availability · 1 item
Application eligibility
Shown without a cash valueApplication availability: open. No universal verified numeric income threshold is used as a hard filter. The issuer does not publish one universal numeric income threshold for SWYP.
Other benefits · 2 items
Roadside assistance worth ₹1,399, capped at four uses yearly
Shown without a cash value1% fuel-surcharge waiver capped at ₹200 per statement cycle
Shown without a cash value
Other categories (7)
These categories have no detailed entries. We distinguish confirmed absences from information that still needs review.
Fee waiver
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Card tiers
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Travel privileges
Details not yet availableThe reviewed issuer sources publish this benefit; its exact conditions are retained in the card benefit profile.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Dining
Details not yet availableThe reviewed issuer sources publish this benefit; its exact conditions are retained in the card benefit profile.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Golf
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Fuel benefits
Details not yet availableThe reviewed issuer sources publish this benefit; its exact conditions are retained in the card benefit profile.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Concierge
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Official source 3 ↗
What stands out
- ✓ Up to 4,000 points worth ₹1,000 in each qualifying statement cycle
- ✓ 25 bonus points per ₹100 on app hotels and 12 per ₹100 on app flights
- ✓ Four spend-gated railway-lounge visits per quarter and a monthly movie discount
- ✓ Zero forex markup with no-expiry reward points
What to watch
The physical SWYP card is Mastercard, not RuPay, and its lounge benefit is railway-only. The optional FIRST Digital RuPay companion costs ₹199 annually and is not bundled into the main-card economics.
Recorded exclusions
Fuel Commute · Cash withdrawal · Fees charges
How GainFair evaluates this card
The personal card advisor applies your monthly spending to category rates, limits rewards at the applicable caps, adds eligible movie, milestone and lounge value, and subtracts annual fees plus foreign-currency markup and GST. It can recommend keeping your current cards when a new card does not create enough incremental value.
Affiliate disclosure: Affiliate link · GainFair may earn a commission if you complete a qualifying action. You pay nothing extra, and compensation never affects recommendations or rankings. Read the full disclosure.
Compare against
These cards have the closest mix of purpose, reward style, fee model and tier. They are suggestions for comparison, not rankings.
Card change history
Material changes verified against dated issuer notices. Effective dates can differ from announcement dates.
- Value improved
Special-category milestone expanded
Education joined FASTag and railway spend in the separate monthly milestone grid.
- Before
- The special-category grid covered FASTag and railway spend.
- After
- Education, FASTag and railway spend earn 400 total points at ₹20,000 and 800 total points at ₹40,000.
Checked 23 Sept 2026FIRST SWYP July 2026 statement update ↗ - Mixed impact
Reward earning and movie qualification revised
SWYP adopted the current credit-limit earning boundary and prior-month activity condition for its movie offer.
- Before
- The earlier earning boundary and movie qualification applied.
- After
- Rewards stop above the assigned credit limit per billing cycle; any prior-month transaction unlocks the monthly movie offer.
Checked 23 Sept 2026FIRST SWYP June 2026 update ↗
Issuer sources
Open the sources used for this card's product details, rewards, fees and eligibility.
Sources checked 23 Sept 2026 · Latest recorded change effective 17 Sept 2026