IDFC FIRST expanded its credit card portfolio and launched a youth-centric credit card named IDFC FIRST SWYP Credit Card. IDFC launched this credit card in partnership with MasterCard. This Gen Z credit card offers lucrative EMI benefits, payment facilities, cashback, reward points, railway lounge access, and much more.
This credit card is designed especially for Lifestyle benefits, and EMI benefits with the flexibility of digital payments. The credit card offers a feature of payment flexibility in which cardholders can pay the full amount or can be converted into easy fee-based EMIs.
To know all the features of this credit card, keep reading until the end
IDFC FIRST SWYP Credit Card Review
This IDFC Credit Card is powered by MasterCard and provides 4 complimentary railway lounge access per quarter, a discount on movie tickets, and 1% fuel surcharge benefits. IDFC FIRST SWYP Credit Card meets various Lifestyle requirements for the youth by offering them premium benefits at affordable fees.
This credit card extends the IDFC bank credit card portfolio after the success of its First Millenna Credit Cards. The credit card benefits focus on the youth generation’s demands and needs.
The credit card offers a host of lifestyle benefits that meet the needs of today’s generation. To get this credit card, you have to pay a fee of ₹499 + taxes only. The benefits of this credit card are worth the fees.
IDFC FIRST SWYP EMI Credit Card Key Highlights
| Joining Fee | ₹499 + taxes |
| Annual Fee | ₹499 + taxes |
| Interest Rate | Not applicable (Customers need to either pay the total due amount in full or convert the due amount into EMI) |
| Welcome Benefits | Customers will get 1000 Reward Points, 1-year Times Prime Membership, 1-year Lenskart Gold Membership |
- Card Name: IDFC Bank FIRST SWYP Credit Card
- Issuer: IDFC FIRST Bank
- Joining Fee: ₹499 + taxes
- Network: Mastercard
IDFC FIRST SWYP Credit Card Benefits & Features
This new IDFC Bank credit card is youth-focused and offers a plethora of benefits like no-interest charge card, payment flexibility in EMI, discount on partner merchants, travel benefits, reward points, and much more. It’s all features and benefits are discussed below:
1. Welcome Benefits
This credit card offers the following welcome benefits to cardholders:
2. Discount Benefits on Featured Partner
IDFC Bank Promises guaranteed discounts of up to 20% with its featured partner. These brands fall in the category of dining, shopping, and travel and will meet the lifestyle of today’s generation.
| Featured Partner | Discount (%) |
|---|---|
| Dominos | 20% off (up to ₹80 on orders above ₹299) |
| EaseMyTrip | 10% off on Flights or Hotels (up to ₹500 on transactions above ₹5,000) |
| TataCLIQ | 10% off (up to ₹100 on purchases above ₹999) |
| Zomato | 10% off (up to ₹100 on orders above ₹299) |
How to avail offers:
- Choose the product or service that you need on the featured partner platform.
- Go to the payment section of the partner’s platform.
- Now, check for offers from FIRST SWYP Credit Card.
- Use the discount offer and make payment from FIRST SWYP Credit Card only.
3. Milestone Reward Program Benefits
You can get 1700 Reward Points every billing cycle with this credit card. Here are the details of its milestone reward program:
| Spending Milestone | Reward Points |
|---|---|
| > ₹ 5,000 Monthly Spend | 200 Reward Points |
| > ₹ 10,000 Monthly Spend | 500 Reward Points |
| > ₹ 15,000 Monthly Spend | 1000 Reward Points |
Note:
- Monthly reward points are not incremental, for example, spending more than ₹16,000 will earn only 1000 Reward Points.
- Monthly milestone benefits are not eligible for Rental payment, Cash Withdrawal, Fuel, or utility transactions.
- You will get 400 reward points on minimum rental spends of ₹20,000 every month!
- 1 Reward Point = ₹0.25
4. Travel Benefits
- List of Railway Lounges: click here
5. Movie Benefits
6. Referral Benefits
The FIRST SWYP Credit Card cardholders can earn benefits from the “referral program.” You can waive your fee, and get 4000 bonus reward points, domestic airport lounge access, movie tickets, and much more. Here are the details:
| No. of Successful Referrals | Benefits | Value |
|---|---|---|
| 1 | Annual Fee Waived off | ₹499 |
| 3 | Bonus credit of 4000 reward points | ₹1,000 |
| 5 | Waive of EMI | ₹1,500 |
| 7 | Movie tickets voucher | ₹2000 |
| 9 | Flash Cashback | ₹2500 |
| 10 | 4 complimentary domestic airport lounge access | ₹3,800 |
7. Fuel Surcharge Waiver
8. Roadside Assistance
9. Insurance Benefits
| Coverage | Sum Assured |
|---|---|
| Card Liability Cover | ₹25,000 |
| Personal Accident | ₹2,00,000 |
| Credit Shield | ₹50,000 |
| Purchase Protection | ₹25,000 |
IDFC Bank FIRSR SWYP Credit Card Charges & Fee
| Joining Fee | ₹499 + taxes |
| Annual Fee | ₹499 + taxes |
| Interest Rate | Not applicable (Customer need to either pay the total due amount in full or convert the due amount into EMI) |
| Add-on Card Fee | Nil |
| Cash Advance Charges | ₹199 |
| Over limit charges | 2.5% of over-limit amount |
| Forex Markup Fee | 3.5% |
| Late Payment Charges | Less than ₹100 – Nil ₹500 – ₹100 ₹5,000 – ₹750 ₹10,000 – ₹1,500 ₹20,000 – ₹3,000 More than ₹20,000 – ₹3,000 |
IDFC Bank FIRSR SWYP Credit Card Design, Mobile Application & Customer Care Service
Let’s talk about the design of this credit card, mobile application, and customer care service:
1. Card Design
2. Mobile Application
You can manage your credit card from the IDFC FIRST Mobile Banking app. Other than this, you can perform these things also:
3. Customer Care Service
IDFC FIRST SWYP Credit Card Eligibility Criteria & Documents Required
Eligibility Criteria
These are the basic eligibility criteria that you will need to fulfill if you want to apply for this credit card:
Documents Required
| Identity Proof | Address Proof | Income Proof |
|---|---|---|
| – Aadhar Card – PAN Card – Driving License – Passport | – Aadhar Card – Passport – Voter ID Card – Driving License – Electricity Bill | – 3 months salary slip – 6-month bank statement – ITR return copy – Form 16 |
How to apply for IDFC FIRST SWYP Credit Card Online?
You can apply for this credit card offline and online. To apply offline, you have to visit your nearest branch of the bank and if you want to apply online, just follow the below steps:
- Click on the above “Apply Now” button.
- You will be redirected to the IDFC Bank Official website.
- Enter your basic details in the application form.
- Submit all your necessary documents.
- Complete your instant video KYC (if required).
- Submit the application form.
IDFC Bank FIRST SWYP Credit Card Pros & Cons
Pros
Cons
Should you apply for the IDFC SWYP Credit Card?
The IDFC FIRST Bank SWYP Credit Card is a great offering from the bank. It offers some unique and extraordinary benefits like no interest rate, EMIs, payment flexibility, travel benefits, discounts in movies, referral programs, etc. This credit card is specially launched for the youth generation. Cardholders will get railway and airport lounge access at a fee of only 499 + taxes.
If you are looking for a credit card that offers lifestyle benefits at an affordable cost, then this credit card can be a great option for you.
Other IDFC FIRST Bank Credit Card
| IDFC FIRST Select Credit Card | IDFC FIRST Classic Credit Card |
| IDFC Bank Insta UPI RuPay Credit Card | Club Vistara IDFC First Credit Card |
Conclusion – SWYP EMI Credit Card
IDFC FIRST Bank customers apply for this credit card through a digital process. This credit card offers great benefits and features. You will get welcome benefits, EMI payments, travel benefits, discounts on partner brands, movie tickets, and insurance benefits. This credit card will fulfill the needs of the youth generation.
At an affordable fee of 499 + taxes, you will get a lot of lifestyle benefits.
FAQs:
What is the joining fee of the FIRST SWYP Credit Card?
The joining/subscription fee of the IDFC SWYP Credit Card is 499 + taxes.
What is the interest rate of IDFC Bank FIRST SWYP Credit Card?
The interest rate on the FIRST SWYP Credit Card is not applicable. Customers need to either pay the total due amount in full or convert the due amount into EMI.
What is the value of 1 reward point of the IDFC FIRST SWYP Credit Card?
The value of 1 Reward Point = ₹0.25
What are the eligibility criteria of the IDFC SWYP Credit Card?
To apply for the IDFC SWYP Credit Card, you need to fulfill the following criteria:
– You should be an Indian Resident.
– Your age should be between 21 years and 65 years.
– You should be a salaried person or self-employed.
– You should have a good credit history.
What are the welcome benefits of the IDFC FIRST SWYP Credit Card?
Following are the welcome benefits of the IDFC FIRST SWYP Credit Card:
– Customers will get 1000 Reward Points on a successful transaction of the 1st EMI within the first 30 days from card issuance.
– Customers can get a complimentary 1-year Times Prime Membership on an annual spend of ₹30,000 within the first 90 days of credit card issuance.
– Cardholders can get a complimentary 1-year Lenskart Gold Membership worth ₹600 on successful payment of joining or subscription fee.