IDFC FIRST SWYP Credit Card

Welcome Benefits

• 1,000 Reward Points: On making the 1st EMI transaction within the first 30 days of card issuance
• 2,000 Reward Points: On spending minimum Rs. 5,000 within the first 30 days of card issuance 
• 1 Year Lenskart Gold Membership: Worth Rs. 600 on joining fee payment
• EaseMyTrip Discount Coupons: On joining fee payment, valid for the first 3 months post card issuance. You can use either a flight or hotel booking coupon in a month, so no 2 coupons can be used within the same month. The coupons details are as follows:

Note: These welcome offers are subject to change at the bank’s discretion without any prior notice.

Brand Discount Offers

Avail the following brand discounts using the code ‘IDFCSWYP’:

Milestone Rewards Benefits

• 200 reward points: If monthly spends are above Rs. 5,000
• 500 reward points: If monthly spends are above Rs. 10,000
• 1,000 reward points: If monthly spends are above Rs. 15,000
• 400 reward points: On reaching Rs. 20,000 rental spends in a month
• 100 reward points: On every Rs. 5,000 monthly UPI spends

Points to Note:

• Milestone rewards benefits are not incremental. For instance, if you make Rs. 16,000 monthly card spends, then you will only earn 1,000 points as milestone rewards and will not be eligible for 200 and 500 reward points benefits.
• UPI, fuel, rental, utility and cash withdrawal transactions are not eligible for spends calculation for monthly milestone rewards
• A fee of 1% + GST (min. Rs. 249 per transaction) is applicable on rent payments (MCC 6513)

Other Benefits & Features

• Fuel Surcharge Waiver: 1% surcharge waiver, up to Rs. 200 per month, on fuel spends of Rs. 200 to Rs. 5,000
• Railway Lounge Access: 4 complimentary visits per calendar quarter, i.e. up to 16 visits per year
• Movies: 25% off, up to Rs. 100 once per month, on movie tickets via promo code IDFCCCFM on Paytm app
• Roadside Assistance: Complimentary assistance worth Rs. 1,399
• Merchant Offers: Additional 300+ offers on various merchant categories
• Insurance Covers: 

You can activate UPI on your SWYP credit card by getting a FIRST digital UPI card which is issued instantly. The features of this UPI enabled card are as follows:

• Completely Virtual: FIRST Digital RuPay credit card does not come in any physical form
• Credit Limit: Limit assigned to SWYP card is shared between both cards as the UPI card is linked to your existing SWYP credit card
• Joining/Annual Fee: Rs. 199 + GST
• Joining Benefit: 100% cashback up to Rs. 200 on the first 4 UPI transactions, up to Rs. 50 per transaction, made within 15 days of FIRST Digital RuPay Credit Card issuance date. Cashback would be credited within 60 days from issuance date (limited period offer).
• Rewards Benefits: 100 reward points on every Rs. 5,000 spent via UPI in a month

Note: Cash and fuel transactions made via UPI are not eligible for this reward program.

Based on the number of successful referrals, that is a referral using which a new FIRST SWYP credit card is issued and activated, the cardholders are rewarded with a wide range of benefits as given below:

Terms and conditions of the referral benefits:

• You should have activated your SWYP card before sharing the referral
• Referrals sent to existing IDFC FIRST credit cardholders are not going to be considered
• Add-on card issuance is not going to be counted towards referral benefit
• Referral benefits can be earned over a period of 1 year, that is, the number of successful referrals is reset to zero after completion of each year. So, you can get these benefits again after 1 year, based on the new successful referrals made in that year.
• All the previous successful referrals must be active and non-delinquent for you to be eligible for the respective referral benefit milestone fulfilment.

How to refer?

Step 1: Go to the referral page and enter your registered phone no. to get a unique referral link
Step 2: Copy the referral link and share it with others using which they can apply for FIRST SWYP credit card.
Step 3: Once they complete their application process, generate a new SWYP card and start using it, you can avail the referral benefit.

Note: No referral benefit would be offered if the referred person applies for a different IDFC FIRST Bank Credit Card, instead of FIRST SWYP. Also, the bank does not assure that every referred customer would get a SWYP card as their eligibility is subject to the bank’s internal policies.

With decent savings on lifestyle spends, IDFC FIRST SWYP credit card is a good option for those looking for a low annual fee card with overall benefits. With discount offers on travel via EaseMyTrip, on food bills via Zomato and Dominos, on online shopping done on TATA CLiQ and movie vouchers, FIRST SWYP credit card gives decent returns on most spending categories. However, if you do not plan your spends accordingly and shop from these brands or portals then the spend-based milestone rewards would be the only major benefit you can avail on a monthly basis. 

Opt for this card if:

• You want a card with overall benefits
• You can utilise the brand discount offers
• Online purchases make up majority of your spends
• You do not mind paying additional fee for UPI activation and associated benefits
• You are looking for a low annual fee card with lifestyle benefits

Look for other card options if:

• You want extensive benefits on certain spending category or better co-branded benefits
• You prefer to earn cashback on your spends over brand discounts and rewards
• You want better rewards earning and redemption rate
• You want savings offers on international spends