IDFC FIRST SWYP Credit Card
IDFC First Bank · Visa
Why this card?
- 1% back in reward points on eligible spends
- ₹499 joining and annual fee
- Zero forex markup and 1% fuel surcharge waiver
Card details
- Issuer
- IDFC First Bank
- Network
- Visa
- Annual Fee
- ₹499
- Joining Fee
- ₹499
- Reward Type
- points
- Best Reward Rate
- 1% on all eligible spends
- Forex Markup
- Zero
- Domestic Lounge
- None
- Min. Monthly Income
- ₹15,000
- Rates verified
- 2026-10-06
Our verdict
IDFC FIRST SWYP is a paid, EMI-focused entry card for young earners. It is no longer lifetime free: the joining and annual fee is ₹499. Rewards are based on monthly spend milestones, from 200 points at ₹5,000 to 4,000 points at ₹60,000, which works out to roughly 1% to 1.67% back, with a 0% forex markup and a fuel surcharge waiver.
Pros
- Monthly milestone rewards of about 1% at ₹5,000 rising to about 1.67% at ₹15,000 and above, up to ₹1,000 a month
- 0% forex markup
- Fuel surcharge waiver
- Low income eligibility — accessible to early-career earners
Cons
- ₹499 joining and annual fee, with no spend-based waiver
- No lounge access of any kind
- Rewards in points, not cashback — redemption adds a step
- Fuel, UPI, education, FASTag, railway and cash spends earn no rewards