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FIRST SWYP

Annual Fee

FREE

Rewards/₹100

₹2.50 - ₹7.50

Normalized to balance base rate with bonus categories

Interest Rate

23.88%

Credit Score

650+

At a Glance

Key Benefits

10X on entertainment & OTT, lifetime free, easy approval

Lounge Access

No lounge access included

Eligibility

Age: 18-35 years, Salaried: Rs.15,000+/month, CIBIL: 650+

Quick Details

Annual Fee
FREE #1
Joining Fee
FREE #1
Interest Rate
23.88% p.a. #20
Forex Markup
3.50% #75
Rewards/₹100
₹2.50 - ₹7.50 #14
Reward Type Reward Points
Reward Currency Points
Min Credit Score
650+ #13
Min Monthly Income ₹NaN
Network VISA
Late Payment Fee ₹100
Over Limit Fee ₹500
Cash Advance Fee ₹300 2.50% (min ₹300)

Reward Structure

Base

All Spends

₹2.50 /₹100
Cat

Movies

₹10.00 /₹100
Partner

OTT Subscriptions

₹10.00 /₹100

Reward Calculator

Allocate by Category 100%
Movies
40.0 pts
50% ₹0
OTT Subscriptions
40.0 pts
30% ₹0
Other Spends
10.0 pts
20% ₹0
Your Rewards
Points Earned 0
Cash Value ₹0
Breakdown
Quick amounts:

Milestone Benefits

Welcome Bonus

500 reward points on spending Rs.5000 in 30 days

Spend ₹5,000 within 30 days

₹500

value

Quick Analysis

IDFC FIRST SWYP is designed for Gen-Z and millennials who want a no-annual-fee card with great entertainment rewards. Perfect for first-time cardholders with limited income.

Pros

  • Lifetime free with no annual fee
  • 10X rewards on entertainment and OTT
  • Best for young professionals and students
  • Low income requirement (Rs.15,000/month)
  • Easy approval for first-time cardholders
  • Instant EMI options available

Cons

  • Lower credit limit (max Rs.1 lakh)
  • No lounge access benefits
  • Limited to age 18-35 years
  • Standard forex markup of 3.5%
  • No add-on cards available

Best For

Young professionals, students, and first-time cardholders

Not Ideal For

Those seeking travel benefits or high limits

Frequently Asked Questions

Is there any annual fee?
No, the IDFC FIRST SWYP is a lifetime free card with no joining or annual fee.
What is the minimum income required?
Minimum monthly income of Rs.15,000 is required. Students can also apply with valid documents.
What is the reward rate on OTT subscriptions?
You earn 10X reward points (10%) on OTT subscriptions like Netflix, Prime Video, Hotstar, etc.
What is the age limit for this card?
This card is specifically designed for ages 18-35 years.
Can I get an add-on card?
No, add-on cards are not available for the SWYP card.

User Reviews

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