2. YES Prosperity Rewards Plus Credit Card: Earn rewards on every transaction and redeem points for exciting gifts with Yes Prosperity Rewards Plus Credit Card:

Eligibility:

• Between the age of 21-60 years

• Have a minimum net salary of Rs. 25,000

• Or have an income tax return of Rs. 5 lacs or above

• Can either be self-employed or a salaried employee to be eligible for the same.

Charges:

The first-year membership fee for this card is Rs. 350 which can be reversed if the customer spends Rs. 7,500 on the card within the first 90 days of it being set up.

The renewal membership rate for the card is also Rs. 350, which can also be reversed if the customer spent Rs. 25,000 in the year before.

Features and Benefits:

• Under the Yes Prosperity Rewards Plus card you get 12,000 bonus reward points if you spend more than Rs. 3.6 lacs in each anniversary year.

• You will also be a part of the rewards program which includes: 3 rewards points on every Rs 100 spent on grocery store and supermarkets as well as 2 reward points on other categories.

• These points can all be redeemed here, through an exclusive catalogue of products as well as to generate JPMiles.

 

 

3. YES Prosperity Rewards Plus credit card issued against fixed deposit: At only a fixed deposit of Rs. 50,000 get Yes Prosperity Rewards Plus Credit Card and explore your shopping avenues like never before:

Eligibility:

• Between 21-60 years old

• Have a minimum fixed deposit of Rs. 50,000 at Yes Bank

Charges:

The first-year membership fee for this card is Rs. 350 which can be reversed if the customer spends Rs. 7,500 on the card within the first 90 days of it being set up.

The renewal membership rate for the card is also Rs. 350, which can also be reversed if the customer spent Rs. 25,000 in the year before.

Features and Benefits:

Under the Yes Prosperity Rewards Plus card you get 12,000 bonus reward points if you spend more than Rs. 3.6 lacs in each anniversary year.

You will also be a part of the rewards program which includes: 3 rewards points on every Rs 100 spent on supermarkets, grocery shops and dining as well as 2 reward points on other categories.

These points can all be redeemed here, through an exclusive catalogue of products as well as to generate JPMiles.

 

 

4. YES Prosperity Rewards Credit Card: Get exciting offers with YES Prosperity Rewards credit card and explore a whole new world of shopping and redeeming points:

Eligibility:

• Between 21-60 years old

• Have a minimum net salary of Rs. 25,000

• Or have an income tax return of Rs. 5 lacs or above

• Can either be self-employed or a salaried employee to be eligible.

Charges:

The first-year membership fee for this card is Rs. 250 which can be reversed if the customer spends Rs. 5,000 on the card within the first 90 days of it being set up.

The renewal membership rate for the card is also Rs. 250, which can also be reversed if the customer spent Rs. 15,000 in the year before.

Features & Benefits:

Customers can get 10,000 bonus reward points if they spend more than Rs. 1.8 lacs in each anniversary year.

Under YES BANK’s rewards point program, customers can earn 2 reward points on every Rs. 100 spent on grocery stores or supermarkets. 1 reward point on every Rs. 100 spent on other categories.

500 reward points on every registration done with YesPayNow

 

 

5. YES Prosperity Cashback Plus credit card: Sign up for a YES Prosperity Cashback Plus credit card to redeem points and get cashback on select transactions:

Eligibility:

• Customers between the age group of minimum 21 years to maximum 60 years can avail this card

• Salaried or self-employed individuals can apply for yes prosperity cashback credit card

• And, minimum net salary of Rs. 25,000 per month or ITR of Rs. 5 lakhs and above is needed

Charges:

• The first-year membership fee of Rs 1500 + Taxes is applicable

• The renewal membership fee of Rs 1500 + Taxes is applicable

Features & Benefits:

• Get cashback of Rs. 250 if you spend Rs. 2,500 in the first 30 days of setting up the card.

• 5% Cashback on Movie Ticket bookings

• 5% Cashback on Grocery Shopping

• 0.75% Cashback on all Other retails spend

• 5% Cashback on Bill Payments through YES PayNow

• Get preferential interest rate on revolving credit

 

 

6. YES Prosperity Cashback credit card: Go for YES Prosperity Cashback credit card to earn exciting offers and cashback on movie tickets, retail shopping and more.

Eligibility:

• Customers between the age group of minimum 21 years to maximum 60 years can avail this card

• Salaried or self-employed individuals can apply for yes prosperity cashback credit card

• And, minimum net salary of Rs. 25,000 per month or ITR of Rs. 5 lakhs and above is needed

Charges:

• The first-year membership fee of Rs 1000 + Taxes is applicable

• The renewal membership fee of Rs 1000 + Taxes is applicable

Features & Benefits:

• Get cashback of Rs. 250 if you spend Rs. 2,500 in the first 30 days of setting up the card.

• 5% Cashback on Movie Ticket bookings

• 5% Cashback on Grocery Shopping

• 0.50% Cashback on all Other retails spend

• 5% Cashback on Bill Payments through YES PayNow

• Get preferential interest rate on revolving credit

 

 

7. YES Prosperity Business Credit Card – Go with YES Prosperity business credit cards that are designed specially to cater all your business needs.

Eligibility Criteria:

• Between the age of 21-70 years

• Have an ITR of minimum Rs. 5 Lakh

• Need to be self-employed, business owner or a partner in a partnership firm

Charges:

• The first-year membership fee of Rs 2500 + Taxes is applicable

• The renewal membership fee of Rs 2500 + Taxes is applicable

Features & Benefits:

• Customers can earn 12,000 reward points if they make any transaction in the first 30 days of setting up the card. On each renewal, they can earn 12,000 reward points as renewal benefits

• Also, customers can earn 4 rewards points on every Rs 100 spent on domestic airlines, travel agencies and tour operators as well as 2 reward points on all other categories.

• These points can all be redeemed here, through an exclusive catalogue of products as well as to generate JPMiles (4 reward points = 1JP mile)

• Waiver of fuel surcharge at all the stations across India

• Foreign currency mark up of 2.50% only

 

 

What is a credit card?

A credit card is a thin plastic card issued by a bank or a financial institution which enables the holder of the card access to a line of credit to borrow funds to make purchases which can be paid for later.

Banks and financial institutions issue credit cards with the condition that the original borrowed upon amount along with any additional charges (interest, card payments) will be paid back to the bank by the cardholder.

Most credit cards have a predetermined spending limit and are printed with an account number, name of the cardholder, expiry date, name of the issuing bank or institution as well as the type of card, a three (or four) digit security validation code as well as signature strip. Along with there is a magnetic strip at the back of the card and a chip in the front.

 

Apply for Credit Card Online

The process to apply for a credit card via the online route is made seamless due to YES BANK’s user-friendly website. There is a simple 4 step process to select and apply for your credit card.

Step 1: Credit Cards available to apply online

The website gives you a list of the available online credit cards to choose from.

Step 2: Eligibility

Once you have chosen the credit card that works best for your personal financial preferences, find out your eligibility for the selected card. By providing a few simple details such as your Name, Employment Type and your Income as per your Income Tax Return, you will receive your eligibility status for the selected credit card.

Step 3: Decide to Apply

You will receive a summary of the key benefits from the selected credit card.

Step 4: Complete Application

After going through the benefits, you reach the final stage - completing the application. You are required to add your PAN Card and Address to the application form. After filling in the form, you are required to tick the authorisation option, allowing the bank representatives to cross verify your information with the credit bureau. With this, you click on the Submit option, thereby completing the online application for your YES BANK credit card.

 

Credit Card offers at YES BANK

Credit Cards from YES BANK are tools that help you manage your finances better by giving you access to a range of discounts, cashbacks and special offers that allow you to save on your expenses. Here are some of the special credit card offers available to you with YES BANK credit cards:

• Welcome Cashback: You are eligible for a cashback of Rs 250 to Rs 1,250 for spends in your first month. A cash back credit card is one that can give you long term savings.

• Reward Points: Gather Reward Points on spends and redeem these for exciting products and services from the extensive Rewards catalogue.

• Instant EMI: Convert a spend into an EMI instantly, thereby giving you the flexibility to make those larger purchases when it works best for you.

• Fuel Surcharge Waivers: With your YES BANK credit card, you can enjoy waivers on fuel surcharges for transaction between Rs 400 and Rs 5,000.

• Airport Lounge Access: Enjoy access to comfortable lounges at select airports across the country. Let the stress and hassle of your flight melt away in the comfort of these relaxing spaces.

• Cashbacks: Enjoy ongoing cashback offers on movie tickets, dining, shopping, travel and bill payments, allowing you to save money each month - enabling you to live a better life. A money back credit card is the best kind of credit card after all.

 

How to use a credit card

A credit card is a powerful spending tool that enables you to control your finances and cash flow by giving you instant access to credit. Used judiciously, it can allow you to save money via special offers while augmenting your cash flow through credit. There are 2 primary ways to use a credit card:

Online: Since the inception of the internet, credit cards have been powerful tools enabling individuals from across the globe to transact with each other. Credit cards have been the driving force behind the e-commerce revolution by enabling payments globally. Therefore, a key way to use your credit card is by entering the details of your credit card on a website where you to wish to make a purchase. However, you must be cautious about this and ensure that you are entering your credit card details only on trusted websites.

Physical Point of Sale: You can make purchases at a physical Point of Sale counter. There are two types of Point of Sale cards:

NFC Cards: NFC cards, or Near-Field Communication cards, are those cards where you are only required to tap the point of sale device, allowing for a quicker transaction. This is known as a ‘Tap and Pay’ transaction, and it has the benefit of saving you time on checkout, allowing for faster payments and more convenience. YES BANK does offer NFC cards.

EMV Cards: These are the familiar chip-based cards. Here, the card is inserted into the machine and the chip embedded in the card communicates the key authorisation details for the transaction to take place.

 

Documents Required to Apply Credit Card Online

To apply for any of the above listed credit card accounts, customers are required to submit self-attested copies of key documents which are listed as follows:

1. PAN card/Form 60

2. Latest photographs

3. Proof of Income: Latest payslip or Income Tax Return (ITR)

4. Address proof: Electricity bill/landline telephone bill/Passport/Ration Card

5. Identity Proof: Aadhaar Card/Passport/Driving license/PAN card

To apply for a credit card after you have collected all the above-mentioned documents apply at your nearest YES BANK branch either through phone banking or net banking. If you wish to apply for your credit card online, apply through net banking and then track your application here.

 

YES Bank Credit Card Eligibility

There are three standard eligibility requirements that need to be met across the range of YES BANK credit cards. These are as follows:

1. Age: The applicant needs to be a minimum of 21 years old, and a maximum of 60 years.

2. Source of Income: The applicant is required to have a steady source of income either by way of being a salaried employee or through self-employment as a business owner or professional.

3. Income: The applicant is required to have a minimum monthly salary of Rs 40,000 per month across all credit card types. However, the minimums are higher for certain cards such as YES Prosperity Credit Cards.

 

Why Apply for a Credit Card Online through us?

Credit cards can be a great financial planning tool for customers and a YES BANK credit card will help you manage your finances better if you make timely payments. Timely repayment of credit card dues helps you build a healthy credit score, so when you apply for loans you will gain a better rate of interest. Other perks offered by YES BANK credit cards include reward points, which can be used to:

• Redeem movie tickets across 865+ screens in India

• Book flight tickets across 260+ airlines

• Book a stay in 6 lakhs+ hotels across the world

• Earn cash back options and access to select airport lounges

 

How to calculate EMI for credit cards

While converting your purchase into an EMI using your YES BANK credit card, it is essential for you to understand the monthly spend that you will undertake. The key amounts to keep in mind are the principal amount, the interest rate and the repayment duration.

While there are online calculators that you can use for this purpose, if you wish to do the calculation manually, here is the formula that you need to use:

EMI Amount is equal to: Amount divided by the Discount Factor. Let us assume the amount is Rs 1,00,000.

Here, the Amount is the Principal amount that you borrowed. What is the Discount Factor? Here is a break-down:

You need the following values:

• N: The number of Payment periods. Let us assume you are doing 12 payments, each at a monthly basis. So, N is equal to 12

• i: This is the annual interest rate divided by the number of payments in a year. Let us assume that the interest rate is 12%. We know that the payment periods are 12 as well. Thus, this becomes: 0.12/12 = 0.01

• D: The formula for D is below:

Once D is obtained, you are required to do the following: A/D (Amount divided by D). That will give you your monthly EMI amount.

 

YES Bank Credit card interest rates

As credit cards continue to gain traction as a method of cashless payment, especially with the rise of digital India, many users constantly worry about the amount of interest they must pay to avail the services of the same. Here are a few factors to keep in mind about credit card interest rates:

1. Interest Rates vary: While many users stick to cash payments or debit cards due to the worry of high interest rates, it should be noted that interest rates are different from consumer to consumer and card to card, and low rates of interest are not always a good thing.

2. Getting a lower interest rate: Usually low interest rates are only offered to customers with a high net worth or those with a high credit score. To achieve the same, it is advised that customers pay their credit card bills on time and maintain a regular bill payment cycle. This not only helps you maintain a high credit score, but also enables you to have a good long-term relationship with your bank.

3. Perks and Interest Rates: It should be noted that low interest on credit cards sometimes translates into lesser perks, so customers should survey card details effectively before committing to a card just because of the low rate of interest charged on the same.

 

Yes Bank Credit Card Reviews

While evaluating a credit card, it is essential to consider credit card reviews. They are an essential barometer of consumer trust in a card and the entity issuing the card. There are several trustworthy third-party websites that host credit card reviews for YES BANK cards.

In general, YES BANK cards have been reviewed positively by customers across parameters that have included Customer Service, Fees & Charges, Promised Interest Rate and Responsiveness. Going through credit card reviews in detail can help you remain assured that YES BANK credit cards provide high quality service and value.

The range of international credit cards offered at YES BANK truly make them an essential part of your financial toolkit.

 

 

Frequently asked questions about Credit Cards at YES BANK

How should I decide what YES BANK credit card is suitable for me?

Answer: Before applying for a credit card, ensure that you survey your options carefully and choose the card with features that suit your needs the best. It is easy to get distracted by offers of low interest rates and choose the card which offers the lowest rate, however, it is important to remember that low interest rates are not the main perk of a credit card. Additionally, it is important for users to know their credit score before applying for a card and maintain regular payments to ensure their credit score remains high and healthy.

How can I apply for a YES BANK credit card?

Answer: If you have a net banking account with YES BANK you can apply online or through phone banking for a credit card. One can also visit the nearest YES BANK branch to apply for the card in person. Ensure you carry the required documents to help speed up the process. Finally, an individual must be between 21-60 years of age and be a salaried employee of a self-employed individual with proof of income to be eligible for a YES BANK credit card.

How can I pay my YES BANK credit card bill?

Answer: Customers can pay for their YES BANK Credit Card through multiple sources, including through cash, cheque, NEFT payments as well as through Net Banking. To make a payment through NEFT/IMPS/RTGS fund transfer mode from other bank accounts customers will have to add their YES BANK Credit Card as a beneficiary and then use the IFSC code YESB0CMSNOC, to make the payment. Alternatively, they can use the following link to make a payment using the Bill desk facility. Customers can also pay using a cheque by quoting their 16-digit Credit Card Number, and then dropping the cheque at any of the YES BANK drop boxes in your city. Customers are required to list their name and mobile number at the back of the cheque. Finally, customers can also make a payment through cash at any of the YES BANK branches.

How can I redeem the reward points available to me on my credit card?

Answer: You can either redeem the Reward Points on your YES BANK Credit Card through the Rewards Catalogue or through online bookings, depending on the Credit Card you have. You can redeem your Reward Points using the rewards catalogue which has a wide range of product categories including, electronics, mobiles, gift cards, vouchers, personal care, air miles, amongst several others. The rewards catalogue is updated constantly with new products to ensure the best products are available for customers. Alternatively, customers can also use their reward points for instant redemption through the booking section of YES BANK. They can use their rewards to book flight tickets across 260 airlines, a stay across 6 lakh hotels around the world and movie tickets across the country over 865+ screens. To redeem points customers can log on to www.YESRewardz.com/creditcard or call Rewardz Customer Care at 1800 419 0600. YES BANK NRI cardmembers can redeem their Reward Points by calling at +91 40 6653 4510. It should be noted that these are not applicable for customers with Cashback and Cashback Plus Cards.

What is a MasterCard® SecureCode™ and how do I register for it?

Answer: The MasterCard® SecureCode™ is a user-friendly and easy to understand secure online payment service offered by YES BANK, enabling you to do secure online shopping through your own YES BANK MasterCard Credit Card. The secure code uses a simple checkout process to confirm your identity while you use your credit card for making online purchases. Customers are suggested to keep changing their online password at regular intervals to ensure that they have increased safety. To sign up for a MasterCard® SecureCode™ customers can log in here to create their 3D secure password. Customers should ensure they never share this secure password with anyone else.

What is the EMI on Call facility offered by YES BANK?

Answer: The EMI on Call facility is offered to select YES BANK credit card holders, whereby, customers can choose to pay for certain retail transactions in instalments to the extent of amounts not exceeding the available cash/credit limit. The facility enables customers to have a simple and convenient way where they can convert their retail purchases into EMI’s at very attractive interest rates.

Can I make any purchases using the EMI on Call facility?

Answer: EMI on Call facility is only available for transactions which are more than Rs. 2,500. In addition to this, the facility is not applicable for the purchase of certain products such as gold, jewellery, fuel and other categories as per the guidelines set up by YES BANK. Furthermore, cash withdrawals using the credit card as well as card fees and other charges are not eligible for the same.

How can I find out if I am eligible for the EMI on Call facility offered by YES BANK?

Answer: The EMI on Call facility is only offered to select cardmembers and to find out if you are eligible for the same, contact the 24x7 YES TOUCH Customer Care number mentioned on the back of your card.

What are the rate interest charged for EMI on Call?

Answer: The EMI can be offered for a maximum of 24 months or alternatively for three, six, nine, twelve and eighteen months. EMI is calculated at an annual rate of interest from 12%-15% per annum on a monthly reducing balance. In addition to this, processing fees of 2% of the transaction amount are also applied and are reflected with the first EMI payment on the card statement.

How to make your YES BANK credit card bill payment?

Answer: YES BANK offers multiple payment options. Here is a list of the payment options for YES BANK bill payments:

For YES BANK customers: Any YES BANK account holders can make credit card payments online through YES BANK Net Banking or transfer funds from your savings or current account to your credit card account at any YES BANK automated teller machine (ATM) across the country.

Additionally, customers can also opt to submit a written instruction whereby a predetermined portion of your monthly balance from your savings or current account is transferred to your credit card account.

Other customers: For any other customers, they can make the credit card payment by cheque by stating their 16-digit YES BANK Credit Card Number and drop the cheque at nearest YES BANK drop box or make the payment in cash at any YES BANK branch.

Customers can also make payments through NEFT/IMPS/RTGS fund transfer mode from other bank accounts.