More about EMI Conversion

Yes, the card comes with a Joining fee (1^st year) of ₹499+GST and an Annual subscription fee (2^nd year onwards) of ₹499+GST.

You also get 2000 Reward points worth ₹500 every year on spends of ₹5000.

• For new card holders: on spends of ₹5000 within 30 days of card issuance
• From second year onwards: on spends of ₹5000 within 45 days of annual fee levy

Additionally, the Joining fee gets waived off on the first successful FIRST SWYP referral by the customer.

• You can convert transactions or your balances >₹2,500/- into easy EMIs with your FIRST SWYP Credit Card with a monthly flat fee for EMI conversion
• Apart from the monthly EMI fee, No other interest charges and processing fees is applicable. Foreclosure fees applicable
• The Monthly EMI conversion flat fee is dynamic & is dependent on the transaction amount and tenure selected at the time of EMI conversion
• Flat monthly EMI conversion fee is not applicable on Merchant EMIs i.e. Transactions converted directly at merchant point of sales which will be converted at applicable interest rates & a one-time processing fees
• GST will be applicable for all EMIs on the flat monthly EMI conversion fee as well as applicable interest rates in case of Merchant EMIs
• The 1st EMI will be billed on the statement date immediately post EMI conversion
• FIRST SWYP Cardholders can convert their transactions on EMI either at the bank’s OTP page for online transactions or post the transaction on their IDFC FIRST mobile banking app and through our customer contact center
• FIRST SWYP Cardholders can convert eligible balances in their statements on EMI either on their IDFC FIRST mobile banking app or through our customer contact center

• The FIRST SWYP Reward Points program works basis monthly milestone spends. Customer gets rewards as per the following milestone spends done in a month.
  
  Eligible spends greater than or equal to ₹5,000: 200 RPs
  Eligible spends greater than or equal to ₹10,000:Total of 500 RPs
  Eligible spends greater than or equal to ₹15,000:Total of 1000 RPs
  
  #Spends done on Fuel, Rent, Utility, UPI is not counted towards calculating eligible spends per month. Milestone rewards will be credited on Statement date.
• The above reward structure is on total spends and not incremental.
  e.g.For eligible spends of ₹16,000, FIRST SWYP Cardholders will earn a total 1000 Reward Points only
• Additional 400 Reward Points on rental & utility spends of ₹20,000 & above per billing cycle
  
  Rewards on FIRST Digital UPI Credit Card on FIRST SWYP
  
  
• Additional 100 Reward Points on every ₹5,000 UPI spends per statement month. This is applicable only for customers who have enabled FIRST Digital UPI card on their FIRST SWYP Credit Card
• UPI Reward Points will not be applicable on Fuel and Cash transactions
• UPI transactions will be excluded from FIRST SWYP Monthly Milestone Rewards Program
• Month in reference to rewards means statement month i.e. the period between consecutive statement cycles. Rewards will be credited on the subsequent statement date.

Reward redemption through any redemption channel will attract a convenience charge of ₹99 (+ applicable taxes) per redemption transaction.

The benefits will be credited to the referrer credit card account through bank communication and/or system credit within 30-45 days of successful achievement of the respective referral milestones given in the above table.

Note:
The cards referred by the referrer need to be active and in good standing for the customer to be eligible for these benefits.

It is the date by which you’ll need to pay your credit card dues. For more details, please refer to our MITC document.

For details on other fees & charges on FIRST SWYP Credit Card, please refer to our MITC document.