CardAgent
Verified by CardAgent admin · last checked 08 Jul 2026
IDFC First Bank

IDFC First SWYP Credit Card

26
Ranked #128 of 170 in credit
creditVisa/RuPayEntry-GenZ

IDFC First's Gen-Z-targeted card with a unique no-revolve payment structure (pay-in-full-or-EMI-only), strong ongoing brand discounts, and a substantial welcome bonus — notably, its reward points do not carry the 24-month expiry recently added to sibling cards.

Score breakdown

Data completeness: 95% · Last verified: 09 Jul 2026

Reward value10/100 · weight 71%
≈ 0.47% effective on the standard basket (eligible spend only)
Wide-coverage rewards: +0.6% score bonus — earns broadly without narrow category restrictions.
Fee efficiency96/100 · weight 12%
Redemption flexibility75/100 · weight 9%
Perks11/100 · weight 9%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee
₹499 + 18% GST
= ₹589 total
Annual fee
₹499 + 18% GST
= ₹589 / year total
Waiver: No standard waiver identified; achievable via referral program instead
Forex markup
3.5%

Lounge access

Domestic (per year)
0
International (per year)
0

Reward structure

CategoryTypeRateCapNotes
online_travel_bookingpoints0.94%(3.75 pts @ ₹0.25)—15 pts/Rs100 flights, 35 pts/Rs100 hotels
online_spendspoints0.75%(3 pts @ ₹0.25)——
diningpoints0.75%(3 pts @ ₹0.25)——
groceriespoints0.75%(3 pts @ ₹0.25)——
travelpoints0.75%(3 pts @ ₹0.25)——
fuelpoints0.25%(1 pts @ ₹0.25)——
all_spendspoints0.25%(1 pts @ ₹0.25)—Milestone-based: ~1,000pts/Rs15,000 spent in month ≈ 1.67% effective

Welcome offer

2,000 Reward Points (worth Rs500) on Rs5,000 spend within 30 days; 1,000 points on first EMI conversion within 30 days; up to Rs2,100 EaseMyTrip + Rs1,500 MakeMyTrip travel coupons; complimentary 1-yr Lenskart Gold membership

Milestone benefits

Pros

  • No revolving credit option (forces EMI-or-pay-in-full discipline, useful for avoiding debt traps)
  • strong ongoing brand discounts (Zomato, Domino's, Nykaa, MakeMyTrip, Tata CliQ, EaseMyTrip)
  • referral program can unlock fee waivers/lounge access
  • substantial welcome bonus (~Rs4,000+ value) for a Rs499 card
  • UPI-linkable via companion FIRST Digital RuPay card (Rs199/yr)

Cons

  • No standard revolving credit (must pay in full or convert to EMI — restrictive for some users)
  • reward structure is milestone-based rather than per-rupee, less predictable
  • UPI rewards require paying an extra Rs199/year for the companion RuPay card
  • no add-on/supplementary cards

What's inside

More benefits

  • Partner brand discounts

    ₹100

    10-20% off across Zomato, Domino's, Nykaa, Tata CliQ, EaseMyTrip, SUGAR Cosmetics, Paytm Movies, MakeMyTrip — multiple times/month per brand

    monthly. Brand-specific minimum spend and frequency caps apply

  • Lenskart Gold membership

    ₹600

    Complimentary 1-year Lenskart Gold membership on joining fee payment

    Cap ₹600 / one-time. Joining fee payment

  • Roadside assistance

    ₹350

    Complimentary roadside assistance worth Rs1,399, 4 times/year via Global Assure

    Cap ₹1,399 / quarterly.

Insurance cover

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Eligibility

text
Age 18+; min income Rs25,000/month (~Rs3L p.a.); Indian resident (NRI eligible)

Small print

Fuel surcharge:1% waiver, capped Rs200/month