How to Activate UPI on FIRST SWYP Credit Card

The FIRST SWYP credit card by IDFC Bank aims to revolutionise credit card usage in India by allowing customers to convert credit card expenses into EMIs. In addition, it offers attractive rewards, discounts, and an innovative UPI payment feature.

With UPI activation, the FIRST SWYP credit card provides added flexibility and convenience when purchasing. Let’s explore how to activate and utilise this EMI credit card.

Fees Associated With Linking FIRST SWYP credit card to UPI Payments

• Joining Fee: You must pay a one-time joining fee of Rs. 499 plus taxes when applying for the FIRST SWYP credit card. This covers initial EMI card issuance costs.

• Annual Fee: An annual fee of Rs. 499 plus taxes is payable every year to continue using your FIRST SWYP credit card. This enables IDFC Bank to offer you ongoing credit card services.

• Rewards Redemption Fee: A nominal fee of Rs. 99 per transaction applies when redeeming reward points earned on your FIRST SWYP credit card for vouchers, gift cards, etc.

• UPI Facility Fee: A charge of Rs. 199 plus taxes is levied annually to activate and use UPI payments on your FIRST SWYP credit card. This enables seamless integration of UPI with your credit card account.

• Foreign Currency Markup: For foreign currency transactions on your FIRST SWYP EMI credit card, a markup fee of 3.5% of the transaction value is applied over and above the base forex conversion rate.

• Cash Advance Charges: If you withdraw cash using your FIRST SWYP credit card from an ATM or bank branch, a flat fee of Rs. 199 per transaction will be billed to your statement.

• Fuel Surcharge: A fuel surcharge of 1% of the transaction amount, subject to a maximum of Rs. 200 per month, will apply on fuel purchases made via your card. This covers additional processing costs specific to fuel stations.

Steps to Activate UPI

UPI activation on the FIRST SWYP EMI credit card is quick and simple with the steps  mentioned below:

1. Log in to the IDFC Bank internet banking portal or mobile banking app using your credit card credentials.

2. Choose the option of ‘UPI Registration.’ This will redirect you to a UPI activation page.

3. Verify your phone number and credit card details. Read through and accept the applicable terms and conditions.

4. Set a UPI PIN of your choice, which will be used to authenticate UPI transactions.

5. Upon successful verification, the UPI on your FIRST SWYP credit card gets activated instantly.

You will receive a confirmation SMS from IDFC Bank and your virtual payment address (VPA), which uniquely identifies your credit card on UPI.

Benefits of UPI on FIRST SWYP Credit Card

Integrating UPI bolsters the FIRST SWYP credit card’s appeal, offering users:

• Seamless payments across apps and merchants accepting UPI
• Added security via UPI PIN authentication
• Potential reward points on transactions
• Smooth usage and management as UPI payments reflect on credit card statements

By enabling low-value purchases through UPI, customers can also optimise credit limit utilisation.

With this future-focused innovation, IDFC Bank has created a credit card tailored to the needs of young, tech-savvy spenders seeking flexibility and rewards. UPI activation allows cardholders to integrate the convenience of app-based payments with the benefits of credit cards.

The Bottom Line

The FIRST SWYP EMI credit card strives to make next-gen banking accessible through pathbreaking features. With a few swift steps to activate UPI payments, cardholders can unlock simplified, secure digital transactions and elevated purchase experiences.

So bring your smartphone into play and appreciate what may be India’s most forward-looking credit card yet through the pioneering addition of UPI!