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IDFC FIRST BankFIRST SWYP

IDFC FIRST Bank ·

FIRST SWYP

Joining ₹499 · Annual ₹499

Earns Reward points · assumed 0.25 ₹/point. ₹0.25 per point, IDFC's page prices 4,000 points at ₹1,000

Verified 13 Aug 2026
Forex markup3.5%
EMIFlat monthly fee per conversion, starting around ₹49 plus GST for transactions above ₹2,500 processing fee · A converted purchase stops earning rewards · SWYP replaces the EMI interest rate with a flat monthly fee per conversion, which is its whole pitch. The fee scales with the amount, IDFC prints the grid in the card's terms.

Milestones

  • ◆ Spend ₹5,000 per month → 200 points at ₹5,000 of monthly spends, stepping up through the tiers Worth ₹50
  • ◆ Spend ₹60,000 per month → 4,000 points at ₹60,000 of monthly spends Worth ₹1,000

Return by category

CategoryReturnNotes
Online spend0%Base rate
Amazon0%Base rate
Flipkart0%Base rate
Subscriptions & OTT0%Base rate
Offline spend0%Base rate
UPI spending0%UPI spends count and earn a flat 100 points per ₹5,000 UPI spend in a statement month
Dining0%Base rate
Swiggy0%Base rate
Zomato0%Base rate
Groceries0%Base rate
Quick commerce0%Base rate
Swiggy Instamart0%Base rate
Blinkit0%Base rate
BigBasket0%Base rate
Movies & shows0%Base rate
BookMyShow0%Base rate
PVR INOX0%Base rate
Fuel0%Fuel is excluded from earning
Travel (general)0%Base rate
Flights0%Base rate
Hotels0%Base rate
MakeMyTrip0%Base rate
IRCTC rail0%Base rate
International−3.5%0% reward − 3.5% forex markup
Utilities & bills0%Base rate
Rent0%Base rate
Education fees0%Base rate
Insurance premiums0%Base rate
Government & tax0%Base rate
Wallet loads0%Base rate
Anything else0%Base rate
Jewellery0%Base rate

Rates are the card's own published rates, before any spend profile. Add this card inMy cards to rank it against the rest of your wallet.

Also worth knowing

  • Welcome benefits worth ₹5,000 plus, including a ₹500 voucher on ₹5,000 of spends in 30 days and partner memberships
  • Buy one get one coffee at Cafe at Mall outlets
  • Up to 20% instant discounts at feature partners
IDFC FIRST Bank FIRST SWYPBest for EMI first spending3.3 / 5

What to mind

  • Earns nothing per swipe below the first ₹5,000 step
  • No waiver published for the annual fee
  • The EMI fee model still costs real money, a flat fee is not free

Verdict: Built around instalments rather than rewards. If you convert purchases to EMI every month the flat fee model beats interest, otherwise the step rewards alone do not carry it.

Sources

Every figure above comes from the issuer's own pages and documents. Last verified 13 Aug 2026.

Spotted an outdated rate?

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