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FIRST SWYP EMI Credit Card
IDFC • Visa

FIRST SWYP EMI Credit Card

EMI-first card with monthly milestone points, UPI support, and partner-discount bundles.

Reviewed by CardWise Editorial Team
Last Verified: 2/16/2026
Editorial Independence: Our recommendations are driven by mathematical value, not issuer payouts. We may earn a commission if you apply through our links, but this does not affect our scoring or the cards we feature.
Annual Fee₹499Card page also shows a UPI-power variant block with lower fee; confirm final fee at application checkout.
Base Reward0.5%On all spends
Lounge AccessNoNo lounge access listed
Est. Annual Savings₹148Based on ₹4.8L annual spend

No Complimentary Lounge Access

This card currently does not show complimentary airport lounge access in our issuer-aligned dataset.

Fee waiver & value estimator

Adjust your spend to see fee waiver eligibility and capped rewards.

Annual fee
₹30,000 / mo
₹3,60,000 / year
Estimated rewards₹1,800

Assumes base reward rate only.

Annual fee₹499

Card page also shows a UPI-power variant block with lower fee; confirm final fee at application checkout.

Net value₹1,301

Estimated savings per year.

Reward Rate Breakdown

Category-wise reward rates for this card

Online
1.0%
Shopping
1.0%
UPI
0.8%
Basedefault
0.5%

Key Takeaways

Verified card-level notes, best use-cases, and watchouts.

Pros & Insights

  • SWYP is positioned as a hybrid EMI + rewards product rather than a pure cashback card.
  • Practical upside comes from hitting monthly spend thresholds and using annual partner bundles.
  • Value is highly variant-sensitive, so users should verify fee and benefit slab at final application stage.

Best Utilization

  • Use for planned monthly spending where EMI conversion and milestone rewards can both be utilized.
  • Track monthly billing-cycle spends since milestone unlocks are cycle-dependent.
  • Treat partner-led annual benefits as supplemental upside, not guaranteed cash-equivalent value.

Watchouts

  • Variant fee blocks (Rs 499 vs lower UPI card variant messaging) can cause expectation mismatch.
  • Reward economics drop sharply if monthly thresholds are missed frequently.
  • Lounge and partner terms can be updated, so pre-travel checks are required.

Truth Data Snapshot

Issuer-linked details for offers, redemption, lounges, and reliability status.

Expand

Offer Truth

  • Joining fee₹499
  • Annual fee₹499
  • Waiver thresholdNot listed
  • Cap typemonthly
  • Cap resetstatement-cycle
  • Last verified2026-02-16

Redemption Truth

  • Cash value/point₹0.25
  • Travel value/point₹0.25
  • Transfer partners0
  • Min redemptionNot listed
  • Expiry policyNot listed
  • Last verified2026-02-16

Lounge Truth

  • NetworkVisa
  • Domestic count0
  • International count0
  • Quarterly limit4
  • Airport-terminal rows0
  • Policy check2026-02-16

Reliability + Outcomes

  • Verification statuspartially-verified
  • Freshness days0
  • Source conflicts1
  • Applied reports0
  • Approval reports0

Upgrade Path

These are objective same-bank step-up options from the current rewards and lounge model.

Step 1

IDFC FIRST Select

Annual fee: Free

Shared focus: LifestyleHigher product tier within same bank+39 more lounge visits in current dataset
View Details
Step 2

HPCL IDFC FIRST Power Credit Card

Annual fee: ₹199

Shared focus: Lifestyle, RewardsHigher top earn rate (5.0%)Estimated +₹1,021/yr value
View Details
Step 3

IDFC FIRST Classic

Annual fee: Free

Shared focus: LifestyleHigher top earn rate (1.5%)No higher annual fee vs current card
View Details

Lounge match needs verification

Lounge access data for this card could not be confidently matched. Please verify lounge eligibility directly with the issuer before relying on access.

Lounge Eligibility Checklist

Derived from card policy signals

Lounge Spend Tracker

Eligibility target met: No

Track lounge eligibility for FIRST SWYP EMI Credit Card using your current month spend.

₹0 spent₹60,000 target

Policy signal used: Monthly milestone: up to 4,000 reward points (Rs 1,000 value) on Rs 60,000 monthly spend

Spend threshold

Railway lounge access is spend-gated and airport lounge entitlement language is campaign-dependent

Quarter / cycle rule

No quarter or billing-cycle lounge rule is explicitly listed.

Guest access

Guest access policy is not explicitly listed in current data.

Priority Pass

Priority Pass benefit is not listed for this card.

Lounge Locations

No airport-wise rows currently available

Airport-level lounge rows are not currently available for this card. We still show policy checklist details above.

Redemption Optimizer

20,000
Estimated points20,000per year
→
Estimated redemption value₹5,000@ ₹0.25 / point

Typical voucher/cash-like path

Voucher / statement-style value

Illustration only. Final value depends on issuer program terms, partner ratios, and redemption availability at time of use.

Decision Data Enrichment

Reused from validated provider snapshots with freshness gates and quality filters.

Enriched decision data not available

This card does not have publishable enrichment records in the current high-confidence snapshot.

Key Benefits

  • Joining and annual fee listed as Rs 499 + GST on core card offer section
  • Monthly milestone: up to 4,000 reward points (Rs 1,000 value) on Rs 60,000 monthly spend
  • UPI enabled with rewards and annual subscriber benefit stack

Things to Consider

  • Fee communication differs across page sections by variant and campaign block
  • Most high-value benefits require monthly spend discipline and partner usage
  • Railway lounge access is spend-gated and airport lounge entitlement language is campaign-dependent

About FIRST SWYP EMI Credit Card

FIRST SWYP EMI Credit Card is a points card from IDFC, best for users who want flexible emi conversion plus recurring monthly reward milestones. It is tagged under rewards, upi, lifestyle, online categories in our database.

RewardsUPILifestyleOnline

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Frequently asked questions

Is FIRST SWYP EMI Credit Card lifetime free?

It has an annual fee of ₹499. Card page also shows a UPI-power variant block with lower fee; confirm final fee at application checkout.

What rewards does FIRST SWYP EMI Credit Card offer?

EMI-first card with monthly milestone points, UPI support, and partner-discount bundles.

Does FIRST SWYP EMI Credit Card include lounge access?

No complimentary lounge access is currently listed for this card.

Who should consider FIRST SWYP EMI Credit Card?

Users who want flexible EMI conversion plus recurring monthly reward milestones

Where can I apply for FIRST SWYP EMI Credit Card?

Check the issuer website for application availability.

Sources & Verification

  • Official Issuer Page:Direct Link
  • Last Verified: 2026-02-16
  • Data Method: Automated scraper + Manual audit

Key Terms

APR (Annual Percentage Rate)

The interest rate charged on unpaid dues if you don't pay your full bill by the due date.

Forex Markup

An additional fee charged for transactions made in foreign currency.

Lounge Access

Complimentary entry to airport lounges, often subject to spend milestones.

Milestone Benefits

Bonus rewards unlocked when you cross specific spending thresholds within a period.