Best Yes Bank Credit Card 2024: Eligibility, Features & Benefits

YES Bank offers a range of credit cards with diverse benefits. These cards provide cashback, rewards, and exclusive privileges.

Known for their customer-centric approach, YES Bank’s credit cards come with innovative features and seamless digital access for efficient management.

Some of the key highlights include generous rewards programs, discounts on dining and shopping, and exclusive travel benefits.

Cardholders can enjoy concierge services and airport lounge access.

YES Bank credit cards support contactless payments and offer online account management for easy bill payments and transaction tracking.

Security features are robust, ensuring safe transactions. YES Bank’s credit cards cater to various needs and lifestyles, making them a popular choice for customers.

Yes Bank Credit Card 2024

To choose the Best YES Bank Credit Card, start by defining your goals and spending habits. Review YES Bank’s card offerings to find one that suits your needs.

Consider annual fees, rewards, and interest rates. Ensure you meet eligibility requirements and understand the card’s terms. Check customer reviews for feedback on satisfaction and service.

Apply for the card that aligns with your financial goals and spending patterns. Making an informed choice will help you get the most out of your credit card.

Credit Cards
YES First Preferred
YES Prosperity Rewards
YES First Business
YES Prosperity Business
YES Prosperity Cashback Plus
Prosperity Cashback

Features & Benefits

YES Bank credit cards offer a range of benefits and features. You can earn rewards on dining, groceries, and more, depending on your card.

Enjoy lifestyle perks like airport lounge access, insurance coverage, and fuel surcharge waivers.

The YES Privileges program provides special offers on shopping, wellness, dining, and travel.

Simplify bill payments through YES PayNow, and earn rewards when you pay mobile, rent, electricity, and other utility bills.

These cards enhance your spending experience and offer valuable advantages.

  • Pros
  • Cons
  • Diverse card options
  • Rewards and benefits
  • Interest-free period
  • Easy application process
  • Online services for convenience
  • EMI options for large purchases
  • Annual fees may apply
  • High interest rates on outstanding balances
  • Late payment charges
  • Credit limit limitations
  • Limited acceptance in some cases
  • Customer service can vary in quality

Fees & Charges

Interest RateStarts at 1.20% per month
Cash Advance Fee2.5% or a minimum of Rs.3,000
Late Payment Fee– Rs.100 for statement balance between Rs.100 and Rs.500

YES Bank Credit Card comes with a set of fees and charges that users should be aware of. These charges include an interest rate starting at 1.20% per month.

Additionally, there is a cash advance fee, which is either 2.5% of the advance amount or a minimum of Rs.3,000, whichever is higher.

Late payment fees are also applicable based on the statement balance: Rs.100 for balances between Rs.100 and Rs.500, Rs.400 for balances between Rs.501 and Rs.5,000, Rs.500 for balances between Rs.5,001 and Rs.20,000, and Rs.700 for balances exceeding Rs.20,001.

The card offers an interest-free period of up to 50 days, allowing users to make payments without incurring interest.

The Minimum Amount Due (MAD) is set at 5% of the outstanding balance or Rs.100, depending on which is higher.

In case of exceeding the credit limit, an over-limit fee of 2.5% of the over-limit amount is applicable.

Lastly, there is a reward redemption fee of Rs.100 per request, which may apply when users choose to redeem their credit card rewards.

It’s important for cardholders to review these fees and charges to manage their credit card effectively and avoid unnecessary costs.

Eligibility Criteria

Eligibility Criteria:

  • Age: 21 years and above.
  • Employment status: Salaried or self-employed.
  • Minimum income:
    • Rs. 25,000 per month for salaried applicants.
    • Minimum income tax return of Rs. 50 lakh for self-employed applicants.

Documents Required:

  • Identity proof: Passport, PAN, Aadhaar, driving licence.
  • Address proof: Passport, electricity bill, landline telephone bill, ration card.
  • Income proof for salaried applicants: Latest payslip.
  • Income proof for self-employed applicants: Recent IT return.
  • Others: Form 60, photograph.

How to Apply Yes Bank Credit Card Online?

  1. Visit the YES Bank website or a local branch.
  2. Browse through the various credit card options available.
  3. Select the credit card that suits your needs and preferences.
  4. Review the eligibility criteria for the chosen card.
  5. Prepare the required documents, including identity proof, address proof, and income proof.
  6. Complete the online application form or visit a branch to request a physical form.
  7. Provide accurate personal and financial information in the application.
  8. Attach the necessary documents along with the application.
  9. Submit the application form through the preferred method.
  10. YES Bank will review your application and documents.
  11. Once approved, the bank will issue the credit card and notify you about its delivery.
  12. Upon receiving the card, activate it as per the provided instructions.
  13. Your YES Bank Credit Card is now ready for use.

Other Yes Bank Credit Cards

Yes Bank is a notable Indian private sector bank with a distinctive history.

Founded in 2004 by Rana Kapoor and Ashok Kapur, the bank rapidly gained prominence for its innovative banking solutions and robust retail and corporate banking services.

Over the years, Yes Bank experienced substantial growth and expanded its network of branches and ATMs across India.

It was particularly known for its focus on sectors like agriculture, renewable energy, and small and medium-sized enterprises.

However, in 2020, the bank faced a crisis due to a significant increase in bad loans and governance issues, which led to regulatory intervention by the Reserve Bank of India (RBI).

The RBI imposed a moratorium on the bank, resulting in a reconstruction plan that involved the infusion of capital from a consortium of banks and the acquisition of a stake by SBI.

This marked a pivotal moment in the bank’s history, aiming to restore its stability and reputation.

Is Yes Bank credit card useful?

Yes, Yes Bank credit cards are useful for various purposes. They offer rewards, benefits, and special offers, enhancing your spending experience. Depending on the card, you can earn cashback, accumulate reward points, and enjoy lifestyle perks like airport lounge access.

What is the minimum salary for a Yes Bank credit card?

The minimum salary requirement for a Yes Bank credit card varies depending on the specific card you’re interested in. It typically starts at around Rs. 25,000 per month for salaried applicants, but this requirement may vary.

Can I get a credit card with a low CIBIL score?

It can be challenging to get a credit card with a low CIBIL score, as a good credit score is often a key eligibility criterion for most banks. However, some financial institutions may offer secured credit cards or cards with lower credit score requirements. It’s advisable to improve your credit score before applying for a credit card.

Is Yes Bank credit card safe?

Yes, Yes Bank credit cards are generally safe to use. They come with security features like EMV chips and PINs to protect against unauthorized transactions. However, it’s important to follow best practices like keeping your card secure, not sharing your PIN, and regularly monitoring your transactions for any unauthorized activity to ensure the safety of your card.

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