Verified value
₹0.25 per point
Headline redemption
IDFC FIRST MASTERCARD
Swyp
Should you get this?
Conditional fit
Why this card
- Low annual fee of ₹499.
- Published lounge access: 16 railway visits / year · ₹20,000 spend in the previous month.
Trade-off
Lounge access requires ₹20,000 spend per month. Verify current lounge eligibility before travel.
Annual fee ₹499 per year
Lounge access 16 railway visits / year · ₹20,000 spend in the previous month
Forex markup 3.5% high
Compare with Axis Bank ACE →
Similar tier comparison
What it costs to get, and to keep
Joining vs renewalFirst year
₹499joining fee
From year 2
₹499renewal fee
Welcome offer
₹500 Welcome Gift voucher on spends
Amazon
Qualification and fulfilment conditions apply
Rewards
Annual fee in context
Annual fee is ₹499. The issuer doesn't publish a documented cash value for its reward points, so a reliable rewards break-even estimate can't be shown.
Reward reality — the earning-rate detail behind the numbers above
Reward reality
Conclusion · what you actually getCosts & fees
Watch outs
Before choosing this card- Forex markup is 3.5%, so frequent international spends may be costly.
Estimated usage
Example usage at this monthly spend
₹
- At this monthly spend, you'd earn: Base earn unclear — verify on issuer site
- Annual-fee waiver not offered by issuer
- Forex cost ~₹1,750 per ₹50k international spend
Illustrative only, using current base rates and snapshot data.
Benefits & charges
Side-by-side factsBenefits
Lounge Access
- Domestic (cardholder)
- No airport lounge access Condition: ₹20,000 spend in the previous month (unlocks the following month)
- Railway (cardholder)
- 16 railway lounge visits per year (max 4/quarter)
- International (cardholder)
- Not included on base card Absence of an international claim on the product page is not proof of exclusion. Visa or programme terms may still apply.
Issuer documented · corroborating sources · verify issuer terms before applying
Where to verify
- Issuer site (verified manually) , opens external site
- Operator-verified anchor
Redemption value
- You earn
- Reward Points
- Redemption
- ₹0.25 per Reward Point · verified 7 Jul 2026
Insurance Cover
- Lost card liability cover
- ₹25,000
- Underwriter
- Insured by New India Assurance
Fees & charges
Fees
- Annual fee
- ₹499
- Joining fee
- ₹499 · verified 7 Jul 2026
- Annual-fee waiver
- Not offered
- Interest-free period
- Up to 45 days · verified 7 Jul 2026
International Use
- Forex markup
- 3.5%
Issuer documented · single source · verify on issuer site
Where to verify
- Operator-verified anchor
- Product tier
- Entry-level
Travel & perks
Fuel Benefits
At the pump- 1% fuel surcharge waived on transactions ₹200–₹5,000.
- Maximum waiver ₹200 per month.
Fine print & compare
Compare with similar cards
Similar tier · similar benefitsThe fine print
Caps · exclusions · earning · redemption · last refreshLatest update
- Annual fee: ₹499.
- Forex markup currently listed at 3.5%.
- 16 railway lounge visits per year (max 4/quarter) · No airport lounge access · ₹20,000 spend in the previous month.
Common questions
From verified card factsIs this good for lounge access?
16 railway lounge visits per year (max 4/quarter). Check current spend criteria, guest rules, visit caps, and airport acceptance before relying on it.
Is this good for international spends?
Forex markup is 3.5%, so frequent international spends may be costly.
Is the annual fee easy to recover?
₹499 every year. The issuer does not offer an annual-fee waiver.
When do welcome benefits arrive?
₹500 Welcome Gift voucher on spends. Included items: Amazon — Get ₹500 Welcome Gift voucher, on spending ₹5,000 within first 30 days of joining fee payment. Privileges PDF also lists EMI and Lenskart offers — separate structured items not authored here. Timing may depend on joining fee payment, card activation, first eligible transaction, or issuer processing.
Learn more
Guides matched to this card — not a random syllabus.
- How reward rate works
Pts / ₹100 without the marketing fog - Billing cycle
Statement date vs due date, clearly - How interest works
The real cost of paying the minimum