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COFFERCards. Points. Value.
IDFC FIRST Bank

IDFC FIRST Bank FIRST SWYP

Not rated yet - COFFER rates a card only after reading every document the bank publishes for it. How we rate

Open to new applications · Earns Reward Points

First-year fee

₹499 + GST

Annual fee

₹499 + GST

What it gives back

100 Reward Points per ₹5,000 · everyday spends

Read from 9 IDFC FIRST Bank documents, last checked 19 Oct 2026.

Apply on IDFC FIRST Bank

Our calculation

0.5% value back

Every ₹1,00,000 spent at this rate earns about 2,000 points, worth about ₹500 at the value IDFC FIRST Bank states for a point.

IDFC FIRST Bank's rate: “100 Reward Points for every ₹5,000 UPI spends per statement month, excluding Fuel and Rental UPI transactions” Proof
The bank’s words

“Monthly Rewards: Earn 100 Reward Points on every ₹5,000 UPI spends per statement month excluding Fuel and Rental UPI transactions”

IDFC FIRST Bank's point value: “1 Reward Point = ₹0.25” Proof
The bank’s words

“What is the value of 1 Reward Point? 1 Reward Point = ₹0.25”

How it compares

Compared with the cards we have read

₹499 annual fee: of the 273 other open cards whose annual fee we have read, 100 state a lower one, 25 state the same and 148 state a higher one.

No forex markup: one of 29 cards that state none, out of the 292 open cards whose forex markup we have read.

0.5% value back by our calculation: of the 49 other open cards we can work this out for, 20 return less, 17 return the same and 12 return more.

Fees

  • Annual feeJoining fee

    ₹499 + GST

  • Fee waiver rule

    The Joining fee gets waived off on the first successful FIRST SWYP referral by the customer.

Welcome offer

  • Welcome benefit

    Gift voucher worth ₹500 on spending ₹5,000 within 30 days of joining fee payment

Rewards

  • Reward rate

    100 Reward Points per ₹5,000 · everyday spends100 Reward Points for every ₹5,000 UPI spends per statement month, excluding Fuel and Rental UPI transactions

  • Travel earning

    25% Bonus Reward Points on hotel bookings; 12% Bonus Reward Points on flight bookings via 'FIRST Rewards Gallery' on IDFC FIRST Bank Mobile App.

  • Reward exclusions

    Spends done on Education, Fuel, FASTag Recharges, Railways, Cash Withdrawals & UPI is not counted towards calculating eligible spends per month.

  • Catalogue redemption

    1 Reward Point = ₹0.25.

  • Point expiry

    No expiry date to the reward points accrued on your FIRST SWYP Credit Card.

Card benefits

  • Hotel or travel programme

    4 complimentary railway lounge visits across India every quarter; spend ₹20,000 within the current calendar month to access railway lounge benefits in the following month

  • Milestone benefits

    Get 4000 Reward Points on spends of ₹60,000 p.m. & 400 Reward Points on FASTag Recharges and Railway Spends of ₹20,000 & above per billing cycle

  • Renewal benefit

    Get 2000 Reward Points worth ₹500 on spending ₹5,000 within 45 days of Annual Fee levy

  • Movie or entertainment ticket benefit

    Get 25% off up to ₹100 on movie tickets booked through District by Zomato, once every month

  • Minimum spend rules

    400 Reward Points on minimum spends of ₹20,000, and 800 total Reward Points on minimum spends of ₹40,000, on Education Spends, FASTag Recharges and Railway Spends per billing cycle

Also included

  • Fuel surcharge waiver

    Get 1% Fuel Surcharge Waiver up to ₹200 in a statement cycle at all fuel stations across India on transactions between ₹200 & ₹5,000

  • Insurance benefit

    Personal accident insurance coverage of up to ₹2 lakh

  • Lost card liability

    Lost card liability protection of up to ₹25,000

  • Purchase to EMI conversion

    Convert transactions to EMI at the bank’s OTP page for online transactions, or after the transaction on the IDFC FIRST mobile banking app and through the customer contact center.

Charges

  • Forex markup

    0%

  • Cash advance fee

    Cash Advance Fee of ₹199/- + GST is applicable per transaction

  • Interest on unpaid balance

    There is no interest rate applicable on FIRST SWYP Credit Cards; you pay a flat monthly EMI conversion fee + applicable GST

  • Interest-free period

    48 days interest-free when you pay in full.

  • Late payment fee

    Late payment charges: 15% of the Total Amount Due (subject to a minimum of ₹100 and a maximum of ₹1250)

  • EMI conversion fee

    Flat monthly EMI conversion fee, dependent on the transaction amount and tenure selected at the time of conversion.

  • Reward redemption fee

    ₹99 (+ applicable taxes) per redemption transaction

In the terms, not the brochure

  • Spend that unlocks lounge visits in the next period

    Spend ₹20,000 within the current calendar month to access railway lounge benefits in the following month

How we know

9 documents from IDFC FIRST Bank, checked 19 Oct 2026.

  • Linked page on www.idfcfirst.bank.in5 Oct 2026Proof
  • Linked page on www.idfcfirst.bank.in6 Oct 2026Proof
  • Card pageProof
  • MITCProof
  • FIRST SWYP Credit CardProof
  • Key Fact StatementProof
  • IDFC First Swyp Credit Card Product GuideProof
  • Lounge access termsProof
  • Card terms and conditionsProof

On these lists

Apply on IDFC FIRST Bank

₹499 a year

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