YES Prosperity BUSINESS Credit Card

YES BANK, established in 2003, is one of the quickest growing private sector banks in India. The bank has excellent products to suit the individual needs of each of its clients. From its initial foray into the banking industry in 2004 with the opening of its first branch in Mumbai, YES BANK has a presence in every state and union territory in India. YES BANK Credit Cards are popular among all sections of society, as the bank offers an extensive range of Credit Card products in its repertoire.

Why YES Prosperity BUSINESS Credit Card?

YES First and YES Prosperity are two exciting range of Credit Card products. YES Prosperity BUSINESS Credit Card is an ideal Credit Card for the modern-day business person. The market has changed over the years with most of the people preferring to purchase their necessities online. You have many online retailers offering an exciting range of products online. Consumers are also comfortable using the internet as compared to the earlier generations. YES Prosperity BUSINESS Credit Card is a Credit Card product made exclusively for the business class. Using this card, businesspersons can satisfy their domestic and international requirements.

Key Features of YES Prosperity BUSINESS Credit Card

  • Accelerated Rewards Programme

    Earn exciting Rewards Points (RP) on using YES Prosperity BUSINESS Credit Card for booking local tours, purchasing domestic airline tickets, and dining at select restaurants.

  • Attractive Foreign Currency Markup

    Use the YES Prosperity BUSINESS Credit Card at international locations to pay in foreign currency. Get a preferential Foreign Currency Markup rate of up to 2.50%.

  • Save on your fuel expenses

    Get the benefit of a fuel surcharge waiver on using YES Prosperity BUSINESS Credit Cards at petrol pumps all over India.

Benefits of YES Prosperity BUSINESS Credit Card

  • Welcome Reward Points
    • Using your YES Prosperity BUSINESS Credit Card within 30 days of issuance of the card entitles you to get 12,000 RP. This offer is valid on retail spending and on Credit Cards that come with an annual membership.
    • On renewing the membership, get an additional 12,000 RP. These rewards are subject to realisation of renewal membership fee.
  • Annual Reward Points

Use YES Prosperity BUSINESS Credit Card for a minimum of 6 Lakhs in an anniversary year to get 10,000 annual reward points. This offer is valid on retail spending and not for any commercial purposes. An anniversary year consists of 12 months from the date of activation/renewal of your YES Prosperity BUSINESS Credit Card.

  • Reward Points Accrual
    • Spending on local tour operators and travel agencies, purchasing domestic flight tickets, and dining at select restaurants: Get 4 RP for every 100 you spend. It is valid on all retail transactions done one MasterCard-defined Merchant Category Codes (Tour operators - 4722, Domestic flight tickets - 4511, 3020, and 3056, Dining - 5812, 5813, and 5814).
    • Other retail spending: Get 2 RP for every 100 you spend. This offer applies to retail purchases alone and not on fuel.
    • Register your regular billers with YES PayNow: Get 500 RP for every successful registration. This offer is available only if you issue standing instructions to pay the bills.
  • Redemption of Reward Points
    • Enjoy the benefits of a dedicated website, YesRewardz for redeeming YES Prosperity BUSINESS Credit Card Rewards Points.
    • One reward point equals 0.25
    • Choose from an exclusive range of products from the handpicked catalogue
    • Redeem your Rewards Points for JPMiles. 1 JPMile = 4 RP.
  • Interest Rate

    YES Prosperity BUSINESS Credit Card comes with a specific date by which the cardmember should make the payment in full. Carrying forward a part-amount and availing cash advance facility attracts interest @3.50% per month. Overdue amounts attract the same interest rates, as well.

  • Preferential Foreign Currency Markup Charges

    When you use the YES Prosperity BUSINESS Credit Card abroad, the bank converts the amount into foreign currency to make the payment. This conversion takes place at the prevailing exchange rate. Besides, cardmembers have to pay Foreign Currency Markup charges up to 2.50%.

  • Priority Pass Membership and Airport Lounge Access  
    • The primary cardmember gets a complimentary Priority Pass Membership worth $99
    • Besides, the primary cardmember is entitled to receive 3 complimentary international lounge accesses.
    • From the 4th visit onwards, the primary cardmember has to pay the fee amounting to $27 plus GST. Guests do not have complimentary access to international airports. They have to pay fees of $27 plus GST. This membership does not entitle the primary cardmember to free domestic airport lounge access.
  • MasterCard Lounge Programme

    MasterCard offers 2 complimentary accesses per calendar quarter to MasterCard affiliated airport lounges in India to YES Prosperity BUSINESS Credit Card members.

  • MasterCard Golf Programmes
    • MasterCard offers Green Fee waiver at select golf courses in India to YES Prosperity BUSINESS Credit Card members.
    • 1 complimentary golf less is also available per month at specific golf courses in India
    • Contact the MasterCard Golf Concierge toll-free number 1800-102-6263 to know about bookings.
  • Insurance Coverage
    • The primary cardmember is covered up to 50 Lakhs in case of death due to air accidents
    • The primary cardholder can benefit from medical insurance cover up to 15 Lakhs to cater to medical emergencies when travelling overseas.
    • A credit shield of 2.50 Lakhs is available on the accidental death of the primary card member.
  • Fuel Surcharge Waiver
    • Refuel your vehicle at any petrol station in India using YES Prosperity BUSINESS Credit Card for amounts from 400 to 5,000 and get a waiver on fuel surcharge.
    • The maximum waiver in any statement cycle is 500. GST levied on the surcharge is not eligible for an exemption.
  • Security features

Secure your online transactions by creating your 3D Secure Password.

  • Protect IVR Transactions
    • Purchase products over the phone and use your YES Prosperity BUSINESS Credit Card for making the payment.
    • You need an OTP to authenticate your IVR transaction
    • Generate OTP by sending SMS 'YESIVR Last four digits of your YES Prosperity BUSINESS Credit Card number' to 9212738927. This OTP is valid for 60 minutes.
    • Order your product over the phone and use the OTP when asked for to authenticate the usage of YES Prosperity BUSINESS Credit Card.

YES Prosperity BUSINESS Credit Card - Privileges and Services on Offer

Instant EMI

  • Convert your substantial purchases to easy EMIs
  • Facility available for availing dream holiday, purchase of latest consumer-durable goods, and other purposes.
  • On retail purchases at physical stores/locations, exercise the Instant EMI option at the time of payment.
  • On online purchases, choose the Instant EMI option before making the payment.
  • No documentation or processing fee
  • Rate of interest between 12% and 15%
  • Facility to earn rewards points on the purchase
  • The minimum transaction should be for 2,500
  • Repay in easy instalments ranging from 3 to 24 months
  • Instant EMI option available at more than 80,000 merchant partners

EMI on Call

  • Facility to convert your expenses to easy EMIs after making the payment
  • Available to select Credit Card members
  • Check with 24X7 Yes Touch Customer Care Centre 1800-103-1212 to know your eligibility (if you are in India). From overseas locations, contact +91-22-49350000.
  • The minimum amount of transaction is 2,500
  • The applicable rate of interest is between 12% and 15%
  • Low processing fees
  • Flexible repayment tenure ranging between 3 and 24 months

Quick Loan

  • Avail a fast Personal Loan with YES Prosperity BUSINESS Credit Card
  • No documentation necessary if you have YES BANK Savings account
  • Loan credited to the savings account within 3 days
  • Low interest rate and processing fee
  • Repayment tenure ranges between 6 and 24 months
  • No guarantor or PDC requirements
  • Usually, the loan does not exceed the Cash Advance Limit
  • The minimum loan is 15,000, and the maximum is 2 Lakhs
  • Contact toll-free number 1800-103-1212 if calling from within India
  • From overseas, call +91-22-49350000 to register your request for Quick Loan

YES PayNow

  • Pay utility bills such as gas, mobile phones, electricity, water, maintenance, insurance, rent, and others.
  • Register the individual billers on YES PayNow
  • Set up standing instructions for regular payment
  • Get Email and SMS alerts
  • No limit on registering billers
  • Get 500 RP for every registered biller
  • Adhoc payments and one-time registrations are not eligible for RP
  • Call 24X7 Yes Touch Customer Care Centre to register
  • Online registration possible using internet banking module
  • Download the application form, complete it, and despatch to the address mentioned in the form to register your biller offline.
  • Facility to cancel billers available

Card Protection Plan

  • India's first comprehensive card protection plan
  • Safeguard your credit/debit/prepaid cards from loss due to theft, misplacement, fraud, and other emergencies.
  • Single call assistance facility to block all cards
  • Get emergency cash assistance
  • Get assistance to clear hotel bills or purchase travel tickets in India and abroad
  • Free PAN replacement
  • Mobile benefit if lost along with the Credit Cards
  • Roadside Assistance benefits available

YES Prosperity BUSINESS Credit Card - Eligibility Criteria

Meeting the following eligibility criteria will help you avail the card easily:

  • Businesspersons such as sole proprietors, self-employed individuals, and partners of partnership firms are eligible.
  • Applicants should be between 21 and 70 years of age at the time of the application
  • The minimum income requirement is 5 Lakhs, as reported in the IT Returns

YES Prosperity BUSINESS Credit Card - Charges

The card has the following applicable charges:

  • Annual membership fee: 2,500 plus GST
  • Renewal membership fee: 2,500 plus GST

YES Prosperity BUSINESS Credit Card - Interest-Free Period

Get the benefits of the interest-free period ranging between 15 to 50 days depending on the date of the utilisation of your Credit Card.

YES Prosperity BUSINESS Credit Card - Credit Card Payment

YES BANK Customer

  • Use internet banking and mobile banking facilities to pay YES Prosperity BUSINESS Credit Card bills.
  • Visit any YES BANK ATM and use your debit card to pay YES Prosperity BUSINESS Credit Card bills
  • Set up a Standing Instruction with YES BANK to pay your Credit Card bill on the due date

All these processes are instant repayments.

Other Bank Customers

  • Use RTGS/NEFT/IMPS fund transfer mechanism to pay YES Prosperity BUSINESS Credit Card bills. Use IFSC Code YES0CMSNOC.
  • Use the internet banking facility provided by the respective bank and pay the bills using BillDesk
  • Pay by cheque/bank DD
  • Pay in cash at any YES BANK branch
  • Use Yes Mobile App to make payments by debiting your savings/current account
  • Yes Pay App enables you to pay your bills using UPI
  • Yes ROBOT facility available on the YES BANK webpage enables payment using BillDesk facility
  • Use payment wallets like Samsung pay, Bharat QR, PhonePe, and PayTM

YES Prosperity BUSINESS Credit Card - Documents Required

To apply for the card, be ready with the following documents:

  • Standard KYC documents
  • Income Tax Returns

YES Prosperity BUSINESS Credit Card - How to Apply

Offline application

  • Approach the YES BANK branch and seek the assistance of the relationship manager to apply for your YES Prosperity BUSINESS Credit Card.
  • Complete the documentation procedure and submit the application

Online application

  • Register your request online by clicking on the 'Apply Now' option available on YES Prosperity BUSINESS Credit Cards official webpage.
  • Indicate whether you are a YES BANK customer by submitting your customer ID
  • If you are not a YES BANK customer, submit your phone number
  • You get an OTP under both circumstances
  • Enter the OTP to confirm the genuineness of the application
  • The relationship manager of YES BANK will contact you to complete the formalities

YES Prosperity BUSINESS Credit Card - Track Application Status

Offline tracking

Contact 24X7 Yes Touch Customer Care Number 1800-103-6212 and provide the 13-digit unique application reference number to track the application.

Online Tracking

Enter your mobile number and the 13-digit unique application number to get the status online.

Other Credit Cards Offered by YES BANK

Apart from YES Prosperity BUSINESS Credit Cards, the bank offers the following Credit Cards under the Yes First and YES Prosperity products.

Yes First Preferred Credit Card

Yes First Business Credit Card

Yes First Exclusive Credit Card

Yes Premia Credit Card

YES Prosperity Edge Credit Card

YES Prosperity Rewards Plus Credit Card

YES Prosperity Rewards Credit Card

YES Prosperity Cashback Plus Credit Card

YES Prosperity BUSINESS Credit Card - Know its Value

Value Chart for YES Prosperity BUSINESS Credit Card

 

Assumptions or requirements

Annual Reward Points

Annual Benefit Value in

Priority Pass membership worth $99

Complimentary for the primary card member

 

6,930

Airport Lounge access

Three visits in a calendar year costing $27 plus GST

 

6,404

Monthly Expenses

Assumption - 30,000 per month

 

 

RP on retail spending

2 RP for every 100

70% - 21,000

5,040

1,260

RP on Bonus spending

20% - 6,000

2,800

720

Fuel surcharge saving @ 1%

10% - 3,000

 

360

YES PayNow SI

 Minimum two regular billers

1,000

250

Annual Rewards

On achieving purchases of 6 Lakhs in an anniversary year

10,000

2,500

Total Value of your YES Prosperity BUSINESS Credit Card

18,424

YES Prosperity BUSINESS Credit Card - Frequently Asked Questions

How is the Instant EMI different from the EMI on Call feature?

The Instant EMI facility enables cardmembers to avail the facility before making the purchase. The EMI on Call feature allows you to convert purchases already made into easy EMIs.

Can you earn reward points on Instant EMI and EMI on Call transactions?

Yes, you continue to earn rewards points on Instant EMI and EMI on Call transactions.

When is the EMI payable in both the facilities?

The EMI is payable along with the Credit Card bill/statement. The statement includes the EMI for the respective month.

Is there any change in the credit limit because of these facilities?

Yes, the credit limit gets reduced by the outstanding principal amount of the Instant EMI and EMI on Call facility. As you keep repaying the EMIs, the limit gets enhanced every month.

Can you change the loan tenure after opting for the facility?

No, you cannot change the loan tenure after availing the facility. However, you can make pre-payment of the loans if needed.

What is the maximum amount of Instant EMI or EMI on Call facility?

The maximum amount can go up to the credit limit available in your account.

How is this facility beneficial?

  • You decide on the EMI in advance. Hence, the chances of default in payments are less. Therefore, you do not revolve your limits and thus save interest.
  • Continue to earn reward points on the purchase
  • Continue the interest-free period if you pay your bills in time and in full

Does the EMI amount affect the Minimum Amount Due?

Yes, the bank adds the EMI amount to the Minimum Amount Due calculation (5% of the total bill). Hence, the EMI is payable along with the Minimum Amount Due.

Can I close my Credit Card before the liquidation of the Instant EMI or EMI on Call facilities?

Closing your Credit Card entails the immediate payment of Instant EMI and EMI of Call balances. The bank adds them to the amounts payable on the closure of the Credit Card.

How does the Instant EMI and EMI on Call compare with the Quick Loan option?

  • Instant EMI and EMI on Call amounts can extend to the entire credit limit on the YES Prosperity BUSINESS Credit Card.
  • The Quick Loan facility is usually restricted to the Cash Advance portion available on the YES Prosperity BUSINESS Credit Card.
  • The interest rates on the Instant EMI and EMI on Call are comparatively attractive as compared to the Quick Loan facility.
  • The documentation process is also more straightforward when compared to the Quick Loan feature.

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