YES FIRST Preferred Credit Card

YES BANK, set up in 2004, has quickly risen through the ranks to become the fourth largest private sector bank in the Indian banking sector. The bank offers a complete range of products that include loans to the commercial, industrial, corporate, and the retail sector. YES BANK was the first banking institution in India to announce preferential rate on interest on savings deposits. Apart from savings and current deposit products, YES BANK offers a variety of other deposit products to suit the requirements of customers all over India. Besides loans and deposits, YES BANK is one of the most active Credit Card providers in India.

Why Choose YES FIRST Preferred Credit Card?

YES BANK values customer relations more than anything else. The bank believes that the customer deserves the best services in every field. This philosophy forms the cornerstone for making your banking a delightful experience. At YES BANK, the customer always comes 'First.' The YES FIRST Concept enables customers to enjoy privileges like they have never experienced before. One exciting benefit of the YES FIRST Privilege Concept is the issuance of Credit Cards.

YES BANK has an enticing array of Credit Card products on display. Over the years, YES BANK has introduced several Credit Card products that understand the pulse of the modern-day customer. YES FIRST Preferred Credit Card comes with loads of exclusive privileges and rewards that can go on to change your lifestyle. YES FIRST Preferred Credit Card features and attractions go on to pamper the customer with fantastic benefits and offer extensive choices for redeeming your reward points.

Key Features of YES FIRST Preferred Credit Card

YES FIRST Preferred Credit Card believes in the maxim, 'The First Impression is the one that lasts forever.' Here are the key attractions of YES FIRST Preferred Credit Card.

  • Welcome Rewards

    YES FIRST Preferred Credit Card extends a warm welcome to each customer by offering an exclusive privilege of 15,000 Rewards Points on the first transaction they make.

  • Priority Pass Membership

    Every YES FIRST Preferred Credit Card customer gets a Priority Pass Membership with four complimentary access privileges.

  • Movie Ticket Discounts

    Movie lovers would enjoy this benefit more than anything else. YES FIRST Preferred Credit Card beneficiaries can enjoy exciting discounts up to 25% on movie tickets booked through BookMyShow.

YES FIRST Preferred Credit Card - Benefits

Exciting rewards await the YES FIRST Preferred Credit Card user:

  • Grand Welcome and Renewal Rewards Points
    • Do your first transaction within 90 days of getting your card to enjoy the benefit of 15,000 Reward Points. This benefit is only available on retail purchases, and on using the card that comes with an annual membership fee.
    • On every renewal, enjoy Renewal Benefit of 10,000 Reward Points. The Renewal Benefit offer applies to retail purchases alone and depends on the successful realisation of the renewal membership fee.
  • Exciting Annual Bonus Rewards
    • Cardholders spending a minimum of 7.50 Lakhs every anniversary year earn attractive benefits of 20,000 Bonus Rewards Points. Anniversary year denotes 1 year from the date of issuance/renewal of YES FIRST Preferred Credit Card.
  • Earn Preferred Rewards Points
    • Get eight Reward Points for every 100 you spend on tour operator expenses, travel agencies, purchasing air tickets on domestic airlines, and dining. This privilege is valid on retail transactions done on MasterCard-approved Merchant Category Codes.
    • Every retail purchase of 100 on all other categories except fuel enables the cardholder to earn 4 Rewards Points.
    • Register for YES PayNow facility to get a bonus of 1,000 Reward Points. This benefit is available only on registering for standing instructions for payment and not for making Adhoc payments.
  • Preferred Rewards Points Redemption
    • YesRewardz is the right place to know more about redeeming rewards points on YES BANK Credit Cards.
    • Book Flight/hotel/movie tickets on redeeming Rewards Points. 1 Reward Point = 0.25
    • Redeem your Rewards Points by choosing your preferred product from an exclusive catalogue.
    • Earn JPMiles for redeeming Reward Points. 4 Rewards Points = 1 JPMile.
    • NRI Card members cannot avail the redemption facility on the catalogue of products. They are eligible for redemption on movie/flight/hotel bookings only.
    • Procedure for redeeming Rewards Points
      • Contact your YES FIRST Preferred Credit Card relationship manager
      • Drop an email to support@yesrewardz.com
      • Give a ring at +91-40-66534510
  • MasterCard World Golf Programme
    • Enjoy the benefits of 3 Green Fee waivers at select golf courses in the country. This benefit is subject to satisfying specific terms and conditions.
    • Golf lovers can take advantage of one complimentary Golf Lesson every year at these golf courses.
    • Contact the MasterCard Concierge at the toll-free number 1800-102-6263 for your bookings  
  • Priority Pass Membership Benefits and MasterCard Lounge Programmes
    • The primary YES FIRST Preferred Credit Card member can apply for the complimentary Priority Pass Membership and get the benefit of 4 complimentary visits to domestic and international airport lounges.
    • Guests and visits beyond the complimentary accesses attract a charge of US$27 per person per visit.
    • Primary cardmembers get the benefit of 3 complimentary visits per quarter to more than 25 domestic airport lounges in India.
  • Benefit of Insurance
    • Buy flight tickets on your Credit Card and insure your life up to 1 Crore. It covers the death of the primary card member due to flight accidents.
    • The primary card member also gets the benefit of Medical Insurance Cover amounting to 25 Lakhs to take care of emergency hospitalisation when travelling out of India.
    • Credit Shield Cover is also available to the primary cardholder in case of accidental death
  • Avail the benefits of Yes Assist - Dedicated Concierge Services

Primary card members get exclusive concierge services on using YES FIRST Preferred Credit Card. These services include:

  • Renting cars and reservation assistance
  • Limousine referrals
  • Reservation assistance and referrals to hotels, travel, special events, and top restaurants
  • Assistance in booking movie tickets in the cities of Bengaluru, Chennai, and New Delhi
  • Bouquet and gift delivery
  • Emergency roadside automobile repair assistance and towing facilities
  • Toll-free number: 1800-11-9371
  • Call 022-42320239 for booking your special requests on Yes Assist Concierge Services
  • Rate of Interest on Revolving Credit

    Revolving Credit, Overdue amounts, and Cash Advances - 3.5% per month for general YES FIRST Preferred Credit Cards and 3.0% on Credit Cards issued against Fixed Deposits

  • Foreign Currency Markup Charges

    YES FIRST Preferred Credit Card users get Preferential Foreign Currency Markup charges of 1.75%.

  • BookMyShow Benefits

    Use your YES FIRST Preferred Credit Card to book movie tickets on the BookMyShow website or mobile app to get a 25% discount (Maximum of 250 per calendar month).

  • Waiver of Fuel Surcharge

    Fuel your vehicle for amounts ranging between 400 and 5,000 at all fuel stations in India to get fuel surcharge waiver. The maximum waiver in a billing cycle is 500 exclusive of GST.

  • Lifestyle Benefits

    Using your YES FIRST Preferred Credit Card enables you to get fabulous offers across segments like travel, shopping, dining, wellness, and many more. This exciting offer is valid in select cities only.

  • Contactless Card

    YES FIRST Preferred Credit Card is compatible with NFC technology. It enables the user to carry out contactless transactions at retail outlets that accept contactless cards.

  • Security Aspect
    • Facility to secure your online transactions with MasterCard SecureCode using your 3D secure password.
    • SMS 'YESIVR' followed by the final four digits of your YES FIRST Preferred Credit Card to 9212738927 from your registered mobile to generate OTP for IVR transactions.  

YES FIRST Preferred Credit Card - Privileges and Services on Offer

The following privileges are available on your YES FIRST Preferred Credit Card: 

Facility Key Benefits Procedure

Instant EMI

  • No documentation or processing fees.
  • Rate of interest ranging from 12% to 15%.
  • Continue earning reward points on transactions covered by EMI.
  • Flexible repayment options
  • The minimum transaction amount is 2,500.
  • Available at more than 80,000 merchant outlets.
  • Ask for Instant EMI before making the payment at the retail store.
  • Select the EMI option when making payments online.

EMI On Call

  • Covers transactions more than 2,500.
  • Rate of interest is between 12% and 15%.
  •  Low processing fees
  • Attractive repayment options
  • Toll-free: 1800-103-6000
  • From outside India: +91-22-49350000

Quick Loan

  • No additional documentation
  • Quick disbursal
  • Low processing fee and interest rates.
  • Flexible tenures
  • Credit to Savings Account
  • No requirement of a guarantor or PDC.
  • Select customers can avail this facility
  • Transfer to YES BANK Savings Account
  • 3 days TAT
  • Toll-free: 1800-103-6000
  • From outside India: +91-22-49350000

YES PayNow

  • Get 1,000 Bonus Reward Points on registering each bill for payment.
  • A convenient process where you do not have to remember due dates.
  • Get SMS and email alerts
  • Add as many billers as you wish
  • Register bills for your family members.
  • Toll-free: 1800-103-6000
  • Outside India: +91-22-49350000
  • Use net banking facility to manage auto payments.
  • Download application form, attach your latest utility bill and send it to the YES BANK Credit Cards Division.
  • Cancellation facilities available

Card Protection Plan

  • Protect your YES FIRST Preferred Credit Card from theft, card loss, and frauds.
  • Affordable premium
  • Call assistance to block all credit and debit cards of all banks.
  • Emergency cash assistance available.
  • Pay for emergency hotel bills and travel tickets in India and abroad.
  • Free replacement of PAN Card
  • Roadside assistance features
  • Mobile Phone benefit if the user loses the phone, as well.
  • Credit Report and Analysis benefits.
  • Call toll-free: 1800-103-600
  • From outside India: +91-22-49350000
  • Facility to cancel Card Protection Plan available.
  • TAT of around three to four days with refunds within seven to eight days.

YES FIRST Preferred Credit Card - Eligibility Criteria

To be eligible for YES FIRST Preferred Credit Card you have to meet the following criteria:

  • Minimum age: 21 years
  • Maximum age: 60 years
  • Salaried and self-employed individuals are eligible
  • Minimum salary should 2 Lakhs per month
  • IT Return of 24 Lakhs and more
  • Also available against FD of 3 Lakhs and more at select branches of YES BANK

YES FIRST Preferred Credit Card - Charges

The card comes with the following charges and fees:

  • Joining fee: Nil
  • First year: Membership Fee of 2,500 + GST
  • Renewal fee: 2,500 + GST
  • Late payment charges
Statement Balance Charges for Late Payment

Less than 100

No charges

100 to 500

100

501 to 5,000

400

5,001 to 20,000

500

Above 20,000

700

Schedule of other charges

Type of Charge Applicable Amount

Minimum amount due

Minimum of 5% of the total bill amount, subject to a minimum charge of 200.

Cash advance limit

30% of the overall card limit

Add-on card fee

  • No annual or joining fees
  • Maximum of three add-on cards allowed

Over limit fee

Higher of 500 or 2.5% of the over-limit amount

Cash advance fee

Higher of 300 or 2.5% of cash amount withdrawn

Cheque/payment return charges

350 per instance

Fee for reward redemption

100 per redemption

Reissue of lost or damaged card

100 per instance

Outstation cheques

25 per cheque

Duplicate statement

100 per statement

Cash deposit charges

100

Purchase or cancellation of railway tickers

As per IRCTC

GST

18%

YES FIRST Preferred Credit Card - Interest-Free Period

  • Customers get a maximum interest-free period of 50 days depending on the billing and statement cycle.
  • An interest-free concession applies only to cardholders who clear their monthly bill payments in full and before the due date. Carrying forward the bill amount by making part payment results in the non-availability of the interest-free period concession.
  • There is no interest-free concession for cash advances

YES FIRST Preferred Credit Card - Credit Card Payment

YES BANK offers convenient Credit Card payment options for YES BANK and other bank customers, as well.

YES BANK Customers

  • Use net banking facility and pay Credit Card bills online
  • Transfer funds from your savings/current accounts at any YES BANK ATM
  • Avail the facility of standing instruction from your savings/current account

Other Bank Customers

  • Use payment modes like IMPS/NEFT/RTGS
  • Pay by cheque by dropping your cheques at specific drop boxes in your city
  • Through BillDesk by using the net banking facility provided by your bank
  • Payment in cash is also acceptable subject to charges
  • Mobile banking apps
  • Use UPI payment facility (on Android devices alone)
  • Yes Robot on the YES BANK website connects to BillDesk and enables customers to pay their card bills.

Alternative Methods

  • Use Samsung Pay or Bharat QR to pay your Credit Card payments.

YES FIRST Preferred Credit Card - Documents Required

To apply for the card, you will be required to submit the following documents:

  • Standard KYC documents for identity and address proof
  • Income documents

How to Apply YES FIRST Preferred Credit Card?

You can apply for the YES FIRST Preferred Credit Card by following the steps mentioned below:

  • Click on the Apply Now option available on the official website of YES BANK First Preferred Credit Card and complete the formalities.
  • Your YES FIRST Preferred Credit Card relationship manager will contact you to obtain further details and collect the documents.

YES FIRST Preferred Credit Card - Track Application Status

Official Website of YES BANK

  • Click on the Track Status option
  • Enter your mobile number
  • Submit your Application Reference Number or Application Form Number
  • Enter the Captcha code and submit

Customer Care Number

Call the 24X7 Yes Touch Customer Care number, i.e., 1800-103-6000 and quote your 13-digit Application Reference Number.

Other Credit Cards Offered by YES BANK

Apart from YES FIRST Preferred Credit Card, YES BANK also offers the following types of Credit Cards:

Yes Premia Credit Card

Yes Prosperity Edge Credit Card

Yes Prosperity Rewards Plus Credit Card

Yes Prosperity Rewards Credit Card

YES FIRST Business Credit Card

Yes Prosperity Business Credit Card

YES FIRST Exclusive Credit Card

Yes Prosperity Cashback Plus Credit Card

YES FIRST Preferred Credit Card - Know its Value

We have seen the various benefits that accrue to a YES FIRST Preferred Credit Card member. This chart will help you to compute the value of the Credit Card in Indian Rupees.

Value Chart for YES FIRST Preferred Credit Card

 

Assumptions

Reward Points

Annual value in

Priority Pass Membership worth $99 each

Primary card member gets a complimentary priority pass.

 

6,930

Complimentary airport lounge access

  • 4 passes in a year
  • 1 visit costs around $27 + tax

 

8,921

BookMyShow movie discount

Assume you spend 1000 per month ( 250 X 12).

 

3,000

Total Lifestyle Benefits

 

 

18,850

Rewards Points on Retail Purchases

Assume you spend 50,000 per month

 

 

Retail purchases: 4 per 100 spent

Average 35,000

16,800

4,200

Fuel surcharge waivers: @1%

Average 5,000

 

600

Other bonus purchases: 8 per 100

Average 10,000

9,600

2,400

Set up standing Instructions at YES PayNow

On an average: 2 SI

2,000

500

Annual reward points

If you spend 7.50 Lakhs per annum

20,000

5,000

Total Rewards Points Benefits

 

 

12,700

Cumulative Benefits

31,550

YES FIRST Preferred Credit Card - Frequently Asked Questions

Do I need a good CIBIL score to apply for YES FIRST Preferred Credit Card?

Yes, all banks do a thorough credit check with CIBIL and other credit bureaus before approving Credit Card limits. It is advisable to apply for a CIBIL credit report online and check out your credit score before applying for the YES BANK First Preferred Credit Card. A score of more than 750 without any adverse payment remarks should be ideal.

How does YES BANK approve my Credit Card limit?

Deciding the limit and approving the same is the discretion of YES BANK. Various factors come into play. Your credit score, the number of Credit Cards you use, your income, and age are some of the primary aspects that decide your Credit Card limit.

Can I carry forward the Rewards Points to the next year?

It depends on the type of Rewards Points you accumulate. Some rewards points come with an expiry date, whereas some of them do not. Check out the expiry of your rewards points before redeeming them.

How does the payment cycle work with YES FIRST Preferred Credit Card?

Usually, you get an interest-free window ranging from 15 days to 50 days depending on the timing of the usage of your Credit Card. Every bill comes with a fixed statement date and the due date. The statement contains details of all purchases and payments made during the month preceding the statement date. The user has to pay the bill before the due date mentioned in the bill. Any purchases made after the statement date will appear in the next month's bill. Therefore, the timing of your purchase is crucial to decide the interest-free credit window.

Can I make a part-payment of my Credit Card bill?

Yes, the rules allow you to make the payment of any amount equal to or more than the 'Minimum Amount Due' on the Credit Card. Under such circumstances, you lose the benefit of the interest-free window until to clear the entire dues.

Do cash advances at ATMs come under the purview of the interest-free window?

No, cash advances attract interest from the day you use the facility. Apart from the interest, there is a cash advance fee, as well.

Will a part-payment affect my credit rating?

Making a part-payment ensures that the bank does not charge 'late payment' charges. It does not result in a default in payment. However, your credit utilisation ratio remains high that goes on to affect your credit rating.

What procedure should I follow if I misplace my YES FIRST Preferred Credit Card?

Contact YES BANK Customer care at 1800-103-6000 and inform them about the loss. Place a request to block your Credit Card to prevent any misuse. If you have availed the Card Protection Plan, you can take advantage of the benefits of the plan. Apply for a replacement Credit Card.

What are the customer care numbers for YES BANK Credit Cards?

  • Toll-free anywhere from within India - 1800-103-6000
  • From abroad - +91-22-49350000
  • Drop an email to yesfirstcc@yesbank.in

Can I avail add-on cards for the members of my family?

You can apply for three add-on cards for other members of your family. However, they do not get all the benefits that the primary Credit Cardholder gets.

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