IDFC FIRST SWYP Credit Card - Features, Benefits, Fees & Charges

IDFC FIRST SWYP Credit Card (4.2)

Lifestyle Best For: Lifetsyle
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IDFC FIRST Bank has just launched an amazing credit card that is specifically designed to cater to the needs of Gen Z. It comes packed with a plethora of benefits like one-year Times Prime membership, free annual membership of Lenskart, 20% discount on Dominos, 10% off on flights or hotels via EaseMyTrip, 10% instant discount on Tata Cliq, and much more! That's not all; you can also avail of a 10% discount on Zomato and a 25% discount on movie tickets via Paytm. Exciting, isn't it? Keep reading to know more about what this incredible card has in store for you. 👇

Features and Benefits

Aspects that make spending using this card lit as the sun!

Welcome Bonus
Travel
Fuel
Rewards
Shopping
Cashback
Dining
Insurance
Interest
Lounge
Welcome Bonus
  • 1,000 Reward Points on 1st successful EMI transaction within the first 30 days from card issuance
  • 1-year Times Prime Membership on spending of a minimum ₹30,000 or more within the first 90 days of credit card issuance
  • Free Lenskart Gold Membership for 1 year on payment of joining fee
Reward Points
  • 200 Reward Points on spending ₹5,000 monthly
  • 500 Reward Points on monthly spend of ₹10,000
  • 1,000 Reward Points on monthly spend of ₹15,000
  • Reward Rate: 1% to 1.6%
Entertainment Benefit

25% discount up to ₹100 on the purchase of movie tickets on the Paytm Mobile App. The offer can be availed once a month.

Fuel Surcharge

Fuel surcharge waiver of 1% at all fuel stations across India, up to ₹200/month. Applicable only on transaction values between ₹200 & ₹5,000.

Travel Benefit

10% off on flights or hotels up to ₹500 on transaction value above ₹5,000, valid once per quarter via EaseMyTrip

Dining Benefit
  • Discount of 20% up to ₹80 on orders above ₹299 on Domino's valid 2 times in a month
  • Discount of 10% up to ₹100 on orders above ₹299 via Zomato
Shopping Benefit

10% instant discount up to ₹100 on purchases over ₹999 in TataCliQ, valid once per month

Lounge Access

 4 free railway lounge access in a calendar quarter to participating lounges in India

Fee and Charges

Think of these as small investments to keep your credit card running smoothly.

Charges

Joining Fee

₹499

Annual Fee

₹499

Annual Percentage Rate

NA

Add-on Card Fee

NA

Minimum Repayment Amount

5%

Cash Withdrawal Fee

₹199

Cash Advance Limit

NA

Card Replacement Fee

₹100

Foreign Transaction Fee

3.50%

Over Limit Penalty

2.50%

Fuel Transaction Surcharge

1%

Reward Point Value

₹0.25
Late Payment Charges

Any Amount Due

15% of Total Amount Due subject to a minimum of ₹100 and a maximum of ₹1,250.
Pros

Aspects that make this credit card amazing.

  1. Convert eligible transactions into EMIs at any point.
  2. Welcome offers like Times Prime membership and Lenskart Gold membership upon joining and meeting spending thresholds.
  3. Free roadside assistance, access to railway lounges, and discounts at various partner merchants.
Cons

Aspects this credit card lacks.

  1. Charges reward redemption fee of ₹99.
  2. Airport lounge access requires fulfilling referral criteria.
  3. No option of paying minimum amount from card statement.
IDFC FIRST SWYP Rating & Reviews

This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.

Charges

(4)

Rewards

(3.5)

Customer Service

(4)

IDFC FIRST SWYP Credit Card Review

IDFC FIRST SWYP Credit Card stands out as a promising option for young individuals seeking flexible payment options, lifestyle benefits, and avenues to build credit responsibly. It empowers you to convert any transaction above ₹3,000 into an EMI for a nominal fee, effectively functioning as a no-interest charge card if managed diligently. You can enjoy exclusive access to railway lounges, Times Prime membership, Lenskart Gold membership, and year-round merchant offers. However, carefully evaluate its fees and reward structure against other available options to ensure the best fit for your financial needs.

Joining Fee

₹499

Annual Fee

₹499

Welcome Bonus

- 1,000 Reward Points on 1st successful EMI transaction
- 1-year Times Prime Membership on spend of minimum ₹30,000 or more
- Free Lenskart Gold Membership 

Best For

Lifestyle

Card Network

Mastercard

Who should get an IDFC FIRST SWYP Credit Card?

The IDFC FIRST SWYP Credit Card could be a good fit for:

- Young individuals, aged 18-35, with its features catering to their lifestyle and financial needs
- If you enjoy dining out, travelling, and shopping
- Who wants to build credit history 

How to apply for an IDFC FIRST SWYP Credit Card?

Here's a step-by-step guide on how to apply for the IDFC FIRST SWYP Credit Card:

Step 1: Visit the official website of IDFC FIRST Bank and click on IDFC FIRST SWYP Credit Card.
Step 2: Find the "Apply Now" button on the page and click it.
Step 3: Fill in the application form. Enter your personal, financial, and employment details accurately.
Step 4: You'll need to upload scanned copies of your identity proof (PAN card, Aadhaar card, or passport), address proof (passport, driving license, utility bill, or bank statement), and income proof (salary slip or ITR).
Step 5: Once you've filled in all the details and uploaded the documents, click on the "Submit" button.

IDFC FIRST SWYP Credit Card Eligibility

Applicants must have a stable source of income to be eligible for this card.

Documents Required

  • Proof of identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
  • Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
  • Proof of Income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.
IDFC FIRST Bank Cards Issued & Spends

Keep an eye on the credit card's monthly performance through the number of cards issued and the cumulative transaction value!

Bank name:

IDFC FIRST Bank

IDFC FIRST Bank Credit Card Customer Care Number:

1860 500 9900

IDFC FIRST Bank Card Offers:

View Offers

Total Cards:

24,36,772
IDFC FIRST Bank Credit Card News
02 May 2024, Thursday
1. IDFC First Bank implements utility transaction fee change

IDFC First Bank has declared that starting May 1, 2024, there will be a modification in its policy for credit card payments of utility bills. As per the revised policy, a 1% surcharge, along with GST, will be levied on credit card payments for utility bills that exceed Rs. 20,000 in a statement cycle. However, this additional charge will not be applicable for transactions made with the FIRST Private Credit Card, LIC Classic Credit Card, and LIC Select Credit Card.

04 Apr 2024, Thursday
2. IDFC First Bank Announces Credit Card Devaluation.

IDFC First Bank announced a devaluation of their credit card rewards program, effective from 1 May 2024. Here's a breakdown of the key changes:

  • Reduced reward points: Across all cards, reward points are now earned at a rate of 3 points per every Rs. 150 spent, compared to the previous system that offered higher points for specific categories like online shopping.

  • Lounge access changes: For most cards, complimentary airport lounge access now requires a minimum spend of Rs. 20,000 in the previous calendar month.

  • Charges on utility bill payments: A 1% surcharge applies to total utility bill payments exceeding Rs. 20,000 in a statement cycle (except for Private, LIC Classic and LIC Select cards).

  • Rent payments: A fee of Rs. 249 or 1% (whichever is higher) is charged on rent payments made through the credit card.

There are some exceptions to these changes, particularly for the IDFC FIRST Bank Private Credit Card, which remains largely unaffected.

15 Dec 2023, Friday
3. LIC Cards, IDFC First Bank, and Mastercard Join Hands to Launch Co-Branded Credit Cards.

IDFC First Bank, LIC Cards, and Mastercard have announced their joint venture to launch an exclusive co-branded credit card to cater to the dynamic financial needs of the country. In a joint statement released on Thursday, the credit card comes in two variants - LIC Classic and LIC Select. The credit cards offer policyholders across the country an opportunity to save reward points on every LIC insurance premium payment.
Apart from the reward points, the credit card also comes with a host of other benefits, including up to Rs 50,000 cover for lost card liability and personal accident insurance cover of up to Rs 5 lakh. The additional benefits will be extended to LIC policyholders who opt for this credit card, along with co-brand benefits. This initiative is expected to benefit more than 27 crore policyholders across India. 
 

11 Apr 2023, Tuesday
4. IDFC FIRST Bank launches co-branded fuel credit card

Targeting the lifestyle needs of its consumers, as well as improving their savings on mobility and utility spends, IDFC FIRST Bank has partnered with HPCL to launch two co-branded cards. The two new cards are being named FIRST Power and FIRST Power+. Bankers can apply for the FIRST Power and FIRST Power+ cards through the bank’s website, its app for select bank branches, and select HPCL pumps and stations.

IDFC FIRST SWYP Customer Reviews

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Frequently Asked Questions

The minimum income requirement varies depending on your location and employment type. You can check the specific requirements on the IDFC FIRST Bank website or by contacting customer service.