Yes Bank believes in offering the best customer service and products to make banking a delightful experience. One such experience is the Yes Bank Credit Card loaded with awesome privileges. Yes First Preferred Credit Card has exclusive offers for travel, dining, shopping and wellness. If you are interested in reward points, Yes First Credit Card is the one for you.
Yes Bank has such an array of Credit Cards under various categories with exciting privileges and rewards. The range of offers with each card will sweep you off your feet. The enticing benefits that Yes First Preferred Credit Card provides can change your lifestyle. Not only this, the reward points you earn can be redeemed for awesome catalogue products or for booking flight/hotel tickets, or you can just pay the credit card bill with the redeemed points. Read on for a detailed Yes First Preferred Credit Card review of the key features and benefits.
The Key Highlights of the Yes Bank First Preferred Credit Card are:
Given below are some of the features and benefits of Yes First Preferred Credit Card
10000 bonus points for the first transaction done within 90 days from the date of card issuance
7500 additional reward points on every renewal
Get 20000 bonus points on spending 7.5 lakhs and above in each anniversary year
Interest at 3.5% per month is applicable for revolving credit, overdue amount and cash advance.
For credit cards issued against fixed deposit, the interest applicable will be 2.49% on revolving credit, overdue amount and cash advance.
The foreign currency mark up fee applicable will be 1.75% of the transaction instead of the regular 3.5%
Earn 15000 bonus points and 5X reward points on all international spends.
Secure your transactions on Yes First Preferred Credit Card with Mastercard Secure Code.
Contactless technology is enabled for the Yes First Credit Card.
For transactions above Rs. 1500 you can opt for the 0% EMI option where you can make the payment in instalments up to 36 months.
Select cardholders will be eligible for a quick loan which is like a personal loan up to the credit limit of the card. The credit limit will be blocked to the extent of the loan and restored to the extent of payment received.
They should contact the relationship manager of Yes First Preferred Credit Card for rewards redemption.
Alternatively, they can send an Email to email@example.com
|Type of charge||Details|
|Annual Fee||Rs. 2499 + GST|
|Renewal Fee||Rs. 2499 + GST|
|Delayed payment fee|
<Rs. 100 : Nil
Rs. 100 to Rs. 500: Rs. 100
Rs. 501 to Rs. 5000: Rs. 400
Rs. 5001 to Rs. 20000: Rs. 500
Rs. 20001 and above: Rs. 700
|Add-on card fee||Nil|
|Cash Advance Fee||2.5% of the cash withdrawn or Rs. 300 whichever is higher|
|Overdrawn limit||2.5% of the overdrawn limit or Rs. 500 whichever is higher|
|Cheque or payment dishonour||Rs. 350/- per instance|
|Card replacement||Rs. 100/- per instance|
|Redemption charges||Rs. 100 per redemption|
|Cash handling charges||Rs. 100/-|
The following are the eligibility criteria stipulated by Yes Bank to qualify for Yes First Preferred Credit Card
You should enclose the following documents along with the application submitted for Yes First Preferred Credit Card
Address Proof: Aadhar Card, Voter’s ID Card, Passport, Driving Licence, and Utility Bills
Photo ID Proof: PAN Card, Passport, Aadhar Card
Income Proof: Salaried individuals should provide latest three months salary slips, Form 16 and Bank Account statement for the last six months.
The self-employed should provide audited financial statements for the previous two years. IT returns for the last 2 years and Bank Account statements for the previous one year.
Other documents: 2 Passport size photographs
To apply for the Yes First Credit Card
You can also visit the nearest branch of Yes Bank and submit the application to the concerned authority along with the required documents.
Before availing of a credit card you should study the pros and cons of procuring the card. You should also look at the various fees and charges vis-a-vis the benefits and privileges and decide if it is worth availing of the Yes First Preferred Credit Card.
Consider the above before availing of the Yes First Preferred Credit card.
The following are the credit cards similar to Yes First Preferred Credit Card
Yes First Credit Cardholders get an interest free period for the purchase for a billing cycle. The 50 days interest-free facility can be availed of only if the total due mentioned in the credit card statement is paid instead of the minimum amount due.
Yes Bank customers can make the payment through net banking or through auto-debit where the total amount or the minimum amount as specified by the cardholder will be debited to the SB account on the due date.
Others can make the payment through
Some of the reward points can be carried over, and some have an expiry date. You will have to check the status of the reward points before going for redemption.
The factors that affect the approval of Yes First Preferred Credit Card are:
If the minimum amount due is paid within the due date, it will not amount to a default. However, the credit utilisation ratio will increase if you keep paying the minimum amount due, and it will have a negative effect on your credit score.
Add on cards will be issued to family members without any additional cost. However, only three additional cards will be issued.
The following are the Yes Bank Credit Card Customer Care numbers: