YES FIRST Exclusive Credit Card

Excellent customer services and innovative products have propelled YES BANK to attain the position of the fourth largest bank in the private sector. The bank has a presence in almost all the states and Union Territories in India. Hence, it caters to an extensive clientele having varied requirements. The bank has ideal products for every section of society from the business and corporate sector to the salaried and self-employed individuals. This variety is the primary reason for the bank becoming popular amongst the younger generation.

Why Choose YES FIRST Exclusive Credit Card?

The bank has many initiatives to its credit, one of which is the YES FIRST range of products that include Credit Cards among other valuable services. YES FIRST Exclusive Credit Card is a product suited for persons having a high net worth (HNW). It comes with an unmatched combination of lifestyle benefits and exclusive rewards. This product believes in providing the most coveted premium services to HNW individuals.

Key Features of YES FIRST Exclusive Credit Card

  • Welcome Rewards Programme

    Start earning rewards points (RP) from your first transaction on the YES FIRST Exclusive Credit Card. Your first transaction on this card entitles you to receive 50,000 reward points.

  • Luxury Hotel Membership

    Primary card members get a complimentary Taj InnerCircle Epicure Membership.

  • Priority Pass Membership

    The primary cardholder gets complimentary priority pass membership that entitles unlimited complimentary international airport lounge access. 

YES FIRST Exclusive Credit Card Benefits

  • Welcome Rewards Points and Renewal rewards
    • Do your first transaction within 90 days of the activation of your Credit Card to earn 50,000 rewards points. This offer is valid only on retail purchases and on cards with an annual membership fee.
    • Renewal of the card entitles you to receive 40,000 rewards points
  • Annual Bonus Reward Points

    Use your YES FIRST Exclusive Credit Card for 20 Lakhs or more in an anniversary year to receive 25,000 bonus rewards points. The anniversary year commences from the date of activation/renewal of your YES FIRST Exclusive Credit Card.

  • Exclusive Rewards Points Programme
    • Purchasing domestic airline tickets, spending on tour operators and travel agencies, and dining at select restaurants gets you 12 RP for every 100 you spend on your YES FIRST Exclusive Credit Card. It is valid on all transactions done on MasterCard defined Merchant Category Codes.
    • For general retail transactions other than fuel, earn 6 RP for every 100 spent on YES FIRST Exclusive Credit Card.
    • Register your regular billers on YES PayNow to earn 1,000 RP for every registration. Temporary registrations and ad-hoc payments do not qualify for rewards points.
  • Rewards Points Redemption
    • Redeem your rewards points through the dedicated website, YesRewardz
    • Book your flight, hotel, or movie tickets through this website to redeem rewards points. 1 RP is equal to 0.25.
    • Browse through the exclusive catalogue of products to select your favourites
    • Redeem your rewards points against JPMiles @4 RP for 1 JPMile
  • Complimentary Taj InnerCircle Epicure Membership
    • The primary cardholder can avail a complimentary membership of Taj InnerCircle Epicure. This facility enables the primary card member to stay at select Taj Group of Hotels and enjoy fining privileges.
    • The offer is valid for the first year alone. It does not include the complimentary one-night stay at Taj Hotels.
  • MasterCard World Golf Programmes
    • Enjoy exclusive privileges offered by MasterCard World Golf Programmes
    • Get 3 Green Fee waivers at some of the selected golf courses across India
    • Improve your golfing skills by availing the facility of one free golf lesson at selected golf courses.
    • Contact the MasterCard Golf Concierge Toll-free number 1800-102-6263 for your booking requirements.
  • Priority Pass Membership
    • The primary cardholder gets a complimentary Priority Pass membership
    • The add-on card members and the primary card member get unlimited complimentary visits. The list of lounges is available at www.prioritypass.com.
    • The primary and add-on card members enjoy unlimited access to more than 25 airport lounges in India.
  • Insurance Cover
    • Life Insurance Cover: Get life insurance cover up to 3 Crores for death due to flight accidents.
    • Medical Insurance: Avail medical insurance cover up to 50 Lakhs when travelling overseas.
    • These benefits are available only if you use the YES FIRST Exclusive Credit Card to purchase air tickets.
    • Credit Shield: A credit shield cover is available in the case of the accidental death of the primary card member.
  • Dedicated Concierge Services
    • Yes Assist Concierge Services provides exclusive concierge services to YES FIRST Exclusive Credit Card members. Call 022-42320239 or Toll-free number 1800-11-9371.
      • Reservation assistance for renting cars and limousines
      • Hotel, restaurant, and travel referral and reservation assistance
      • Special events and performance assistance
      • Assistance for booking movie tickets in Chennai, Bengaluru, and New Delhi
      • Flower and gift delivery throughout India
      • Roadside auto repairing and emergency towing assistance
  • Interest Rate

    Interest rate of revolving credit, overdue amounts, and cash advance facility: 1.99% per month (23.88% per annum).

  • Preferential Foreign Currency Markup

    Use of your YES FIRST Exclusive Credit Card at international locations entails payment in foreign currency. This Credit Card carries a Preferential Foreign Currency Markup charge of 1.75%.

  • BookMyShow Discounts

    Book your cinema tickets through BookMyShow website or mobile app using YES FIRST Exclusive Credit Card to get discounts up to 25%. The maximum discount permissible in this Credit Card is 250 per statement cycle.

  • Waiver of Fuel Surcharge

    Refuel your vehicles for amounts ranging from 400 to 5,000 using your YES FIRST Exclusive Credit Card to get the waiver of 1% fuel surcharge. This waiver is restricted to 1,000 per statement cycle. GST levied on the fuel surcharge is not eligible for exemption.

  • Lifestyles Benefits

    Access Yes Privileges to avail fantastic offers on travel, shopping, wellness clinics, and dining in selected cities in India.

  • Security Aspects
    • Your YES FIRST Exclusive Credit Card is compatible with Near Field Communication (NFC) technology. Use your Credit Card at retail outlets accepting contactless cards to ensure fast and secure payments.
    • Secure your online payments by creating your 3D MasterCard Secure Code Password
    • Generate OTP for your IVR transactions by sending SMS 'YESIVR Last four digits of your YES FIRST Exclusive Credit Card number' to 9212738927. It secures your online purchases made using the phone.

YES FIRST Exclusive Credit Card - Privileges and Services on Offer

Instant EMI

  • Do not hesitate to purchase your favourite consumer durables or go on a cherished vacation. Use the Instant EMI facility offered by YES FIRST Exclusive Credit Card.
  • Offline transactions: Inform the payment counter salesperson of your choice to use Instant EMI before making the payment.
  • Online purchases: Select the EMI option at the respective merchant website
  • Available at more than 80,000 merchant establishments
  • No documentation or processing fees
  • Rate of interest is between 12% and 15%
  • Flexible repayment tenures
  • Covers transactions starting from as low as 2,500
  • Earn rewards points on these transactions, as well

EMI on Call

  • If you have already made the payment, you can still convert the purchase into EMI by opting for the EMI on Call facility.
  • Selected users are eligible for this offer
  • Contact 24X7 Yes Touch Customer Care on Toll-free number 1800-103-6000 if calling from within India. When abroad, call 91-22-49350000.
  • Transactions as low as 2,500 accepted
  • Rate of interest ranges from 12% to 15%
  • Low processing fees
  • Flexible tenure from 3 to 24 months

Quick Loan

  • The facility of Personal Loan on your YES FIRST Exclusive Credit Card
  • Use for any purpose like home furnishing, educational requirements, purchase electronic consumer durables, and other expenses.
  • Minimum: 15,000
  • Maximum: 2 Lakhs
  • No documentation for YES BANK savings account holders
  • Direct credit to savings account within 3 days
  • Low interest rate and processing fee
  • Tenures range from 6 months to 24 months
  • No requirement of a guarantor or post-dated cheques
  • Contact Yes Touch Customer Care number to know your eligibility

YES PayNow

  • Unique facility to help you to pay your regular bills on time
  • Use YES PayNow to pay your electricity, mobile, gas, insurance, and rent payments using YES FIRST Exclusive Credit Card.
  • Set up standing instructions to ensure continuity
  • Earn 1000 rewards points on each bill you register at YES PayNow
  • Get email and SMS alerts about due dates of payments
  • Add as many billers as you want
  • Contact Yes Touch Customer Care number for registering your billers
  • Or use net banking module to manage your YES PayNow registration
  • Or download the application form from the site, complete it and send it to YES BANK Credit Cards Division.
  • Cancellation facility available 

Card Protection Plan

  • Protect your credit, debit, and other prepaid cards from theft or fraudulent use by availing card protection plan.
  • Three plans available
  • A single phone call to block all your cards
  • Get emergency cash assistance in India
  • Assistance to pay hotel and travel bills in India and overseas
  • Free PAN Card replacement, if lost
  • Mobile phone assistance, if lost
  • Roadside repair assistance for vehicle

YES FIRST Exclusive Credit Card - Eligibility Criteria

YES FIRST Exclusive Credit Card is designed keeping in mind the requirements of the HNW individuals.

  • The minimum age of the YES FIRST Exclusive Credit Card applicant should be 21 years whereas the maximum should not exceed 60 years.
  • Salaried individuals having a net income of 4 Lakhs per month are eligible
  • Self-employed individuals showing a net income of 50 Lakhs qualify for the YES FIRST Exclusive Credit Card.

YES FIRST Exclusive Credit Card - Charges

  • Membership fee for the 1st year: 10,000 plus GST
  • Renewal of the membership: 10,000 plus GST

Other charges

  • Cash advance fee: 2.5% of the cash advance amount with a minimum of 300
  • Late payment charges: 100 to 700 depending on the statement balance (statement balance less than 100 do not attract late payment charges).
  • Over limit charge: 2.5% of the over-limit amount or 500, whichever is higher

Charges applicable to YES Preferred and Exclusive Credit Cards:

  • Reward redemption fee: Waived
  • Payment return charges: 350 per instance
  • Re-issue of lost/stolen/damaged card: 100 per instance
  • Outstation cheque charges: 25 per cheque
  • Duplicate statement charges: 100 per instance
  • Cash deposit charges: 100

YES FIRST Exclusive Credit Card - Interest-Free Period

  • Similar to other Credit Cards, YES FIRST Exclusive Credit Card comes with an interest-free period that could range from 15 to 50 days depending on the statement cycle.
  • This interest-free period applies only as long as the card member is regular with the payment of the Credit Card bill.
  • Cash advance amounts, revolving credit amounts, and overdue liabilities are not eligible for the interest-free period.
  • In case of rolling over the payment, the Credit Card member loses the benefit of the interest-free period until they adjust the entire Credit Card outstanding amount.

YES FIRST Exclusive Credit Card - Credit Card Payment

YES BANK existing customers

  • Use net banking or mobile banking facilities
  • Use the debit card at YES BANK ATMs
  • Set up standing instruction with YES BANK

Other customers

  • Use the net banking facilities offered by their respective banks
  • Conventional methods of fund transfer like RTGS/NEFT/IMPS are available. Under such circumstances, use IFSC as YES0CMSNOC.
  • Remit the payment by cheque. Remember to write your name and mobile phone number on the reverse side of the cheque. Use the YES BANK drop boxes available in the city to deposit the cheque.
  • Visit a branch of YES BANK and pay in cash

Alternative methods

  • Mobile payment wallets like PhonePe, PayTM, Samsung Pay, and Bharat QR
  • Yes Mobile App and Yes Pay App allow the payment of Credit Card bills
  • Yes Robot enables payment of Credit Card bills using BillDesk

YES FIRST Exclusive Credit Card - Documents Required

  • Regular KYC documents of identity and address proof
  • Income proof such as IT Returns and salary slips

How to Apply for YES FIRST Exclusive Credit Card?

Existing YES BANK Customers

  • Apply online on the YES FIRST Exclusive Credit Card webpage
  • Provide your customer ID number
  • Get an OTP on your registered mobile
  • Enter the OTP at the requisite location and submit your request
  • The YES BANK relationship manager will contact you to complete the application procedure

New customers

  • Access the YES FIRST Exclusive Credit Card webpage and provide your mobile number
  • The subsequent procedure is the same as described above
  • Enter the OTP to submit your request
  • The YES BANK Relationship Manager will assist you in completing the formalities

Visit the branch

Visit any branch of YES BANK and contact the YES BANK Relationship Manager to complete the formalities instantly

How to Track Application Status of YES FIRST Exclusive Credit Card?

  • Track your Credit Card application status online
  • Enter your 13-digit application reference number when prompted
  • You get your status online as well as on your mobile

Contact the 24X7 Yes Touch Customer Care number to track your application.

Other Credit Cards by YES BANK

The other YES BANK First and Prosperity Credit Card offers are as follows: 

YES FIRST Preferred Credit Card

YES FIRST Business Credit Card

Yes Premia Credit Card

Yes Prosperity Edge Credit Card

Yes Prosperity Rewards Plus Credit Cards

Yes Prosperity Rewards Credit Cards

Yes Prosperity Business Credit Cards

Yes Prosperity Cashback Plus Credit Card

YES FIRST Exclusive Credit Card - Know its Value

We shall now check up the tangible worth of your YES FIRST Exclusive Credit Card. It gives you an idea of the monetary value of the benefits available on your YES FIRST Exclusive Credit Card.

Value Chart for the YES FIRST Exclusive Credit Card
 

Assumptions

Annual RP

Annual benefit Value in

Taj Epicure Membership

 

 

13,500

Priority Pass membership worth $99

Primary cardholder and one add-on card member

 

13,860

Complimentary Priority Pass Airport Lounge access

Six visits and four visits in 12 months for the primary card member and add-on card member respectively @ $27 plus GST

 

13,381

8,921

Movie ticket discount

Max discount 250 per month

 

3,000

Lifestyle benefits

52,662

Monthly expenses

Assume total monthly payments to be 1,25,000

 

 

RP earned on retail spending other than fuel -  6 RP for 100 spent

Minimum spending - 70% = 90,000

64,800

16,200

Bonus RP on specific purchases 12 RP for 100

20% - 25,000

36,000

9,000

Fuel surcharge waiver @ 1%

10% - 12,500

 

1,500

YES PayNow registrations

Minimum of two billers

2,000

500

Annual rewards points

Spend 20 Lakhs in one year

25,000

6,250

Reward Points benefits

33,450

Total Value of your YES FIRST Exclusive Credit Card

86,112

YES FIRST Exclusive Credit Card - Frequently Asked Questions

What makes the YES FIRST Exclusive Credit Card an elite card?

The eligibility criteria for the YES FIRST Exclusive Credit Card signify that it is available only for HNW individuals. This Credit Card comes with exciting benefits that befit the lifestyle of such a clientele.

Is the YES FIRST Exclusive Credit Card available to other bank customers?

Yes, the YES FIRST Exclusive Credit Card is available to both YES BANK and other bank customers provided they satisfy the eligibility conditions.

Does YES BANK check my CIBIL record before approving my Credit Card limits?

Yes, a CIBIL check is a mandatory requirement before the issuance of any Credit Card. An excellent CIBIL rating in the range of 750 and above makes it easy for the applicant.

How do I avail the interest-free concession offered by YES FIRST Exclusive Credit Card?

The interest-free period concession is available to all YES FIRST Exclusive Credit Card customers who do not carry forward their Credit Card balances to the next billing cycle. Pay your Credit Card bills in full every month and keep on enjoying the interest-free concession.

What precautions should I take when paying my Credit Card bill?

Ensure to pay your Credit Card bill in full before the due date. Waiting to pay until the last day can cause problems if there are transmission delays. You might end up with a late fee penalty in your next billing cycle. Customers using the facilities of BillDesk or cheques to make payment should ensure to do so a minimum of three days in advance.

Can I make a part-payment of the bill and carry forward the balance to the subsequent month?

Yes, part payment of the Credit Card bill is permissible subject to payment of the Minimum Amount Due. Under such circumstances, the card member loses the benefit of the interest-free period until they clear the entire bill amount with interest.

What is Preferential Foreign Currency Markup charge?

When you use the YES FIRST Exclusive Credit Card overseas, the bank pays the amount in foreign currency by converting Indian Rupees at the current exchange rates. The card member has to pay a Foreign Currency Markup charge to enable this conversion. YES FIRST Exclusive Credit Card has a Preferential Foreign Currency Markup charge of 1.75%.

What single factor distinguishes the YES FIRST Exclusive Credit Card from the other YES BANK Credit Cards on offer?

YES FIRST Exclusive Credit Card has the lowest interest rate structure for revolving credit of 1.99% as compared to the other YES BANK Credit Card products.

Can I withdraw cash from an ATM using my YES FIRST Exclusive Credit Card?

Yes, the cash advance facility is available with YES FIRST Exclusive Credit Card. However, you need to pay the cash advance charges as applicable. Besides, this amount also attracts interest @ 1.99% per month.

How does the Cash Advance facility compare with the Quick Loan feature?

The cash advance facility is ideal to meet short-term requirements. The Quick Loan feature offers an extended tenure ranging from 6 to 24 months, whereas the cash advance facility is to be repaid immediately. The Quick Loan comes at a comparatively lower interest rate as compared to the Cash Advance feature.    

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