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YES Bank Credit Card Eligibility

With a plethora of offers and privileges, Yes Bank Credit Cards are a treasure to possess. But can every individual be able to own a Yes Bank Credit Card? Yes Bank Credit Card Eligibility is one aspect that you should be aware of before applying for a card. Read on to understand the Yes Bank Credit Card Eligibility Criteria. 

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Yes Bank Credit Card Eligibility

Yes Bank has different credit card variants to suit various segments of customers. You can live life king size with Yes Bank Credit Card. With access to instant funds, a  financial crunch will never be a part of your life. But to own a Yes Bank Credit Card complying with the eligibility criteria is mandatory. The Yes Bank Credit Card eligibility criteria are more or less the same for all the variants except the income criteria. Yes Bank Credit Card Eligibility is not difficult to comply with. There are so many variants and you will be able to qualify for at least one of them.

Additional Reading: Yes Bank Credit Card Offers Check & Apply.

Summary of YES Bank Credit Card Eligibility

YES Bank credit card has pre-defined eligibility criteria. Customer who wishes to apply for the same is required to meet the eligibility conditions before proceeding with the credit card application process.

Although every card has a different set of eligibility conditions, the general rules applicable on all are as follows:

Eligibility HeadEligibility Condition
Age

The minimum age requirement of a credit card holder is 21 years. The maximum age for the YES Bank credit card is 60 years.

However, for availing a card under the Business Credit Card section, the maximum age of the customer can go up to 70 years.

Profile

YES Bank approves credit cards for both salaried and self-employed individuals.

While Business Credit cards are issued to self-employed, proprietors and partners of partnership firm.

IncomeYES Bank approves credit cards based on minimum income of the applicant.
Credit ScoreMinimum credit score of 750 points

Yes Bank Credit Card Eligibility for New Applicant

Complying with the eligibility criteria is very essential to qualify for Yes Bank Credit Card. The following are the eligibility criteria for a new applicant. 

  • Salaried, as well as self-employed individuals, are eligible for Yes Bank Credit Card.
  • The age of the application should be between 21 years to 60 years if salaried and 21 years to 70 years if self-employed.
  • Salaried individuals should have a minimum income of between Rs. 25000/- to Rs. 10.00 lakhs per month depending on the credit card category. The self-employed should have an annual income ranging from Rs. 5.00 lakhs to Rs. 36.00 lakhs
  • Minimum CIBIL score of 750 and above will be required to get easy approval.

Yes Bank Credit Card Eligibility for Salaried Employees

The eligibility criteria for Yes Bank Credit Card is pre-defined and any salaried employee who wants to apply for the credit card should first check the eligibility criteria which is given below.

  • The age of the applicant should be between 21 years to 60 years.
  • The minimum income required depends on the category of Yes Bank Credit Card that you intend to apply for. The minimum income required will be between Rs. 25000/-p.m. to Rs. 10.00  lakhs
  • The debt to income ratio should be within the required level of 40 to 50% as stipulated by the bank to ensure that you are not overburdened with debt.
  • Credit Score is the critical factor as it defines your creditworthiness and repayment capacity. A minimum of 750 and above score is required to qualify for the Credit Card.

Yes Bank Credit Card Eligibility for Students

Yes Bank offers Credit Cards to students who go abroad for studies. The credit card can be used for booking flight tickets and managing expenses while abroad. They have the option of paying the flight ticket cost in instalments which makes finance management less fretful. They also have the option of choosing merchant partners for groceries, apparel and gadgets who provide the EMI option on payment with Yes Bank Credit Card.

Yes Bank Credit Card Eligibility for  Students is given below:

  • The student should have secured admission to any foreign university.
  • There is no income or credit score stipulation for students.

Minimum Income Requirement for Yes Bank Credit Card Options

The minimum income stipulation for Yes Bank Credit Card depends on the category of the Credit Card. 

There are three categories of Yes Bank Credit Cards. They are

1. Life-Time Free Credit Cards

  • Yes Premia Credit Card
  • Yes First Prefered Credit Card
  • Yes Prosperity Edge Credit Card
  • Yes Prosperity Rewards Credit Card
  • Yes Prosperity Rewards Plus Credit Card

2. Business Credit Cards

  • Yes First Business  Credit Card
  • Yes Prosperity Business Credit Card

3. Other Credit Cards

  • Yes First Exclusive Credit Card
  • Yes Prosperity Cash Back Credit Card
  • Yes Prosperity Cash Back Plus Credit Card

Minimum income required for Life-Time Free Credit Cards

Yes Premia Credit Card

Salaried individual should have a minimum monthly income of Rs. 1.20 lakhs.


 

The self-employed individual should have filed IT returns of Rs. 14.40 lakhs

Yes First Preferred Credit Card

Salaried individual should have a minimum monthly salary of Rs.2.00 lakhs


 

The self-employed individual should have filed IT returns for Rs. 24.00 lakhs.


 

The Preferred Card is also available against a Fixed Deposit of  Rs. 3.00  lakhs


 

Yes Prosperity Edge Credit Card

Salaried individuals should have a minimum monthly salary of Rs. 60000/-


 

The self-employed individuals should have filed an IT Return of Rs.7.20 lakhs

Yes Prosperity Rewards Credit Card

Salaried individuals should have a minimum monthly salary of Rs. 25000/-


 

The self-employed individuals should have filed an IT return of Rs.5.00 lakhs

Yes Prosperity  Rewards Plus Credit Card

Salaried individuals should have a minimum monthly salary of Rs. 35000/-


 

The self-employed individuals should have filed an IT Return of Rs. 5.00 lakhs

Minimum Income for Yes Bank Business Cards

Yes First Business Credit Card

This card is issued to the self-employed Proprietors of Proprietorship Firms and Partners of Partnership Firms


 

The minimum monthly salary stipulated is Rs. 10.00 lakhs

Yes Prosperity Business  Credit Card

Self-employed individuals, Proprietors and Partners of Partnership firms are eligible for this card.


 

The minimum monthly income stipulated is Rs. 5.00 lakhs

Minimum Income for other Yes Bank Credit Cards

Yes First Exclusive Credit Card


 

Minimum salary of Rs. 4.00 lakhs per month for salaried individuals


 

IT returns of Rs.36.00 lakhs for self-employed individuals

Yes Prosperity Cash Back Credit Card

Minimum salary of Rs. 25000/- p.m. for  salaried individuals 

IT Returns of Rs. 5.00 lakhs for self-employed individuals

Yes Prosperity Cash Back Plus Credit Card

Minimum salary of Rs. 35000/- p.m.for salaried individuals 


 

IT Returns of Rs. 5.00 lakhs for self-employed individuals

Additional Reading: How to Improve CIBIL Score Immediately?

How to Check Yes Bank Credit Card Eligibility?

You can check the credit card eligibility by calling the Yes Bank Credit Card Customer Care on the following numbers

  • 1800 103 6000
  • 1800103 1212
  • +91 2249350000

Call the above numbers and provide the required details. A representative of the bank will get in touch with you to get the entire details to assess your eligibility.

How to track Yes Bank Application Status?

Follow the procedure given below to track the Yes Bank Credit Card application status

  • Access the official website of the bank
  • Choose the ‘track credit card application status’ option
  • Enter the 13 digit application reference number. The reference number will be conveyed via SMS on the registered mobile number.
  • Enter the ‘Captcha’
  • Click on submit.
  • The status will be displayed.

Factors that can impact Yes Bank Credit Card Eligibility

The factors that affect the Yes Bank Credit Card Eligibility are

Age: The applicant should be between 21 years to  60 years if salaried and 21 years to 70 years if self-employed. If you do not fall in the age bracket the application will be rejected.

Income: The minimum income criteria is very important. This is to ascertain the repayment capacity. The minimum income varies according to the category and the variant of the credit card. The minimum income required ranges from Rs. 25000/- to Rs. 10.00 lakhs for the salaried individuals. The self-employed individuals should have filed IT returns between Rs. 5.00 lakhs to Rs. 36.00 lakhs

Occupation: The Yes Bank Credit Card is issued to both salaried individuals and the self-employed. Yes Bank Business Cards are issued to the self-employed, Proprietors and Partners of Partnership Firms.

Credit Score: Having a good sore is very critical. A CIBIL score is a yardstick to your creditworthiness and repayment capacity. A score of 750 and above is required to qualify for the Yes Bank Credit Cards.

Existing commitments: The debt to income ratio is the deciding factor of your repayment capacity. If you already have a huge debt burden then it will be difficult to pay the additional obligation by way of credit card dues promptly,  The approval of the credit card depends on the debt to income ratio.

Fixed Deposit: Yes Bank issues credit cards against Fixed Deposit also. Applicants with no credit score or low score can avail of this facility.

Nationality: Only resident Indians are eligible for Yes Bank Credit Cards

Also Check: CIBIL Score for Credit Card

FAQs

1. How can I reach YES Bank Credit Card Customer Care?

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YES Bank Credit Card customer may contact the bank on 24/7 YES TOUCH Customer Care

 1800 103 6000 (Toll Free for India)

 +91 22 4935 0000 (From international locations)

 Email @ YESfirstcc@YESbank.in

2. How can I track my application status for YES Bank Credit Cards?

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YES Bank Credit Card application can be tracked through the official website of the bank. Applicant must enter the 13-digit reference number that is allocated to the customer upon application submission. The number is shared on the registered mobile number of the customer. Alternatively, the customer can call the customer care on 1800-103-1212 to get a status update.

3. What are the ways to make YES Bank Credit Card payment?

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YES Bank allows payment of credit card bill through any of the following channels:

YES Bank account holders can pay bill online through NetBanking. Bank account holder can register themselves for the YES BANK NetBanking.

YES Bank account holders can provide Standing Instructions to the bank wherein the bank account will be automatically debit on the credit card payment due date. Standing Instructions can be given for deducting total outstanding or Minimum Amount Due.

For customers who do not have a saving or current account with YES Bank can make credit card payment through NEFT/IMPS/RTGS mode of payment. The customer can pay online from bank account of any bank. YES BANK Credit Card has to be added as a beneficiary using IFSC code: YESB0CMSNOC

For customers who do not have a saving or current account with YES Bank can pay using Billdesk available through the following linkhttps://netbanking.YESbank.co.in/netbanking/DISCLAIMER.html

Customers can pay using cheque. The 16 digit Credit Card Number should be mentioned on the cheque. Drop the cheque at any of the bank?s drop boxes in your city. Customer must mention name and mobile number on the back of the cheque.

Customers can pay through cash. The cash can be deposited in the credit card account at the nearest YES Bank branch. Cash handling charges are applicable on cash payments.

4. What is the eligibility criterion for YES Bank credit cards?

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To apply for a YES Bank credit card one has to meet the following conditions:

Eligibility HeadEligibility Condition
Age

The minimum age requirement of a credit card holder is 21 years. The maximum age for the YES Bank credit card is 60 years.

However, for availing a card under the Business Credit Card section, the maximum age of the customer can go up to 70 years.

Profile

YES Bank approves credit cards for both salaried and self-employed individuals.

While Business Credit cards are issued to self-employed, proprietors and partners of partnership firm.

IncomeYES Bank approves credit cards based on minimum income of the applicant.
Credit ScoreMinimum credit score of 750 points

Also Check: Experian Credit Score

5. What is the minimum income requirement for YES Bank Business credit cards?

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Name of CardMinimum Income Requirement
Business Credit Cards
YES FIRST Business Credit CardSelf-employed must file an annual Income Tax Return of 10.00 lakh and above
YES Prosperity Business Credit CardSelf-employed must file an annual Income Tax Return of 5.00 lakh and above

6. Does YES Bank issue lifetime free credit cards?

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YES, YES Bank issues lifetime free credit cards. One can choose between the following:

  • YES FIRST Preferred Credit Card
  • YES PREIMA Credit Card
  • YES Prosperity Edge Credit Card
  • YES Prosperity Reward Plus Credit Card
  • YES Prosperity Rewards Credit Card

7. List the joining and renewal fee charges for YES Bank credit cards?

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The joining and renewal fee charged for different credit cards issued by YES Bank are as under:

Name of CardJoining FeeRenewal Fee
YES FIRST Preferred Credit Card 2,500 + GST 2,500 + GST
YES PROSPERITY EDGE Credit Card

1,000 + GST

The joining fee is waived upon spending of  15,000 within 90 days from the date of activation of the credit card.

1,000 + GST

The renewal fee is waived upon spending of 75,000 done in previous year.

YES Prosperity Rewards Plus Credit Card

350 + GST

The joining fee is waived upon spending of  7,500 within 90 days from the date of activation of the credit card.

350 + GST

The renewal fee is waived upon spending of 25,000 done in previous year.

YES Prosperity Rewards Credit Card

250 + GST

The joining fee is waived upon spending of  5,000 within 90 days from the date of activation of the credit card.

  250 + GST

The renewal fee is waived upon spending of 15,000 done in previous year.

YES Premia Credit Card

 

1,500 + GST

The joining fee is waived upon spending of  20,000 within 90 days from the date of activation of the credit card.

1,500 + GST

The renewal fee is waived upon spending of 1,50,000 done in previous year.

YES FIRST BUSINESS Credit Card5,000 + GST  5,000 + GST
YES Prosperity BUSINESS Credit Card2,500 + GST2,500 + GST
YES FIRST Exclusive Credit Card10,000 + GST10,000 + GST
YES Prosperity Cashback Credit Card1,000 + GST1,000 + GST
YES Prosperity Cashback Plus Credit Card1,500 + GST1,500 + GST

8. What is the minimum income requirement for YES Bank lifetime free credit cards?

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The minimum income requirement for YES Bank lifetime free credit cards is as under:

Card NameMinimum Income Requirement
Life Time Free Credit Cards
YES FIRST Preferred Credit Card

Salaried individual must get a minimum net monthly salary of 200,000.

Self-employed individual must file an Income Tax Return of 24 lakh and above.

The credit card can also be availed against a Fixed Deposit of 3 lakh and above held with the bank

YES PREIMA Credit Card

Salaried individual must get a minimum net monthly salary of 120,000.

Self-employed individual must file an Income Tax Return of 14.40 lakh and above.

YES Prosperity Edge Credit Card

Salaried individual must get a minimum net monthly salary of 60,000.

Self-employed individual must file an Income Tax Return of 7.20 lakh and above.

YES Prosperity Reward Plus Credit Card

Salaried individual must get a minimum net monthly salary of 20,000.

Self-employed individual must file an Income Tax Return of 5 lakh and above.

The credit card can also be availed against a Fixed Deposit with the bank. The offer is available at select cities only.

YES Prosperity Rewards Credit Card

Salaried individual must get a minimum net monthly salary of 20,000.

Self-employed individual must file an Income Tax Return of 5 lakh and above.

9. Who can apply for Yes Bank Credit Cards?

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If you comply with the following Yes Bank Credit Card Eligibility Criteria you can apply for the Credit Card

Age: Should be between 21 years to 60 years if salaried and 21 years to 70 years if self-employed.

Income: The income criteria are pre-defined and vary according to the category of the Credit Card. It ranges between Rs. 25000 to Rs. 10.00 lakhs per month for the salaried individuals and between Rs. 5.00 lakhs to Rs.36.00 lakhs annual income for the self-employed. Yes Bank also provides credit cards against Fixed Deposits.

Profile: Both salaried and self-employed are eligible for the credit card. Yes Bank also provides credit cards to students who pursue further studies abroad to manage flight tickets and other living expenses. 
Credit Score: A minimum of 750 score is required to qualify for the credit card.

10. How to track the status of credit card applications?

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You can track the application status by accessing the website of the bank and following the procedure given below:

  • Enter the registered mobile number or the 13 digit application reference number.
  • Enter the Captcha 
  • Click on submit

The status of the application will be displayed.

11, What are the different categories of Yes Bank Credit Card?

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There are 3 categories of Yes Bank Credit Card

Yes Bank Business Credit Cards

  • Yes First Business  Credit Card
  • Yes Prosperity Business Credit Card

 Life-Time Free Credit Cards

  • Yes Premia Credit Card
  • Yes First Prefered Credit Card
  • Yes Prosperity Edge Credit Card
  • Yes Prosperity Rewards Credit Card
  • Yes Prosperity Rewards Plus Credit Card

Other Credit Cards

  • Yes First Exclusive Credit Card
  • Yes Prosperity Cash Back Credit Card
  • Yes Prosperity Cash Back Plus Credit Card

Also Check: Credit Monitoring