YES BANK has come a long way since the opening of its first branch in Mumbai in 2004. Today, YES BANK has offices in every state and Union Territory of India. It has gained the distinction of becoming the 4^th largest private sector bank in India. It is a creditable achievement for a bank so young. A positive framework and excellent customer relationship are two principal reasons for the success of YES BANK for over 15 years.

Apart from the traditional banking business of accepting deposits and lending, YES BANK is exploring other sectors such as mutual funds. The bank has built up a tremendous customer base because it offers a preferential rate on savings deposits. The bank has consolidated on this customer base by introducing a slew of Credit Card products to suit every section of society. YES Prosperity Rewards Plus Credit Card is one such endeavour that targets the younger generation. It focuses on the first-timers who usually start their careers with a salary in the range of around 25,000 per month.

• Accelerated Rewards Points Programme

  The focus of the nation is on cashless transactions. The YES Prosperity Rewards Plus Credit Card encourages this endeavour by offering accelerated rewards on grocery and supermarket spending.

• Annual Bonus Rewards

  YES Prosperity Rewards Plus Credit Card aims to make using the Credit Card a habit. It offers 12,000 bonus rewards points to the card members for spending a minimum of 3.60 Lakhs in each anniversary year.

• Fuel Surcharge Waiver

  Every time you purchase fuel, you pay a fuel surcharge along with GST. Use YES Prosperity Rewards Plus Credit Card to pay for your fuel bills and get fuel surcharge waiver.

• Annual Bonus

  Make it a habit of using YES Prosperity Rewards Plus Credit Card every time and spend a minimum of 3.60 Lakhs in any anniversary year. As a result, earn 12,000 Bonus Rewards Points. The anniversary year commences from the date of issuance of your Credit Card and lasts for one year.

• Accelerated Rewards
  • Apart from the annual bonus, YES Prosperity Rewards Plus Credit Card lets you earn 3 rewards points for every 100 for spending on groceries and supermarkets. This facility is valid only on retail transactions done at MasterCard-defined Merchant category Codes (MCC 5411 for groceries).
  • Besides groceries and supermarket expenses, you can use your YES Prosperity Rewards Plus Credit Card for other retail spending. You earn 2 rewards points for every 100 you spend. This offer is valid only on retail purchase and not for fuel.
  • Use your YES Prosperity Rewards Plus Credit Card to pay your electricity bills, insurance, rent, post-paid mobile phone bills, DTH, and other expenses of recurring nature. Register your biller at YES PayNow to get 500 Reward points for each registered biller.  

• Redemption of Rewards Points

  YES BANK makes it easy for redeeming your rewards points by having a dedicated website, YesRewardz.

• Choose your preferred item from an exclusive catalogue of products. Each item will display the number of reward points you should redeem to buy it.
• Redeeming your rewards points for JPMiles is also possible (1 JPMile = 4 Rewards Points)

• Insurance Facility

  In case of the unfortunate event of the primary card member's death (by accident), YES Prosperity Rewards Plus Credit Card offers a credit shield for the amount outstanding on the card.

• Interest Payable on your Credit Card

The rate of interest applicable on your YES Prosperity Rewards Plus Credit Card is 3.50% per month (42% per annum).

• Preferential Foreign Currency Markup

  Using your YES Prosperity Rewards Plus Credit Card at international locations entails payment in foreign currency. YES Prosperity Rewards Plus Credit Card members get a Preferential Foreign Currency Markup charge of 3.40%

• Fuel Surcharge Waiver

  Refuelling your vehicle using YES Prosperity Rewards Plus Credit Card earns you a fuel surcharge waiver. This concession is permissible for transactions between 400 and 5,000. The facility is available at all petrol pumps in India. The maximum amount of fuel surcharge rebate is 125 in one statement cycle. However, GST paid on the fuel surcharge is not waived.

• Lifestyle Benefits

  Refer to the site of Yes Privileges, to know about the exciting offers available on dining, travel, shopping, wellness products, and many more. This offer is valid in specific cities only.

• Online Security
  • MasterCard Secure Code helps to secure your online transactions
  • Create your 3D Secure Password and use it to authenticate online transactions

• Password for IVR transactions
  • Purchasing articles over the phone using IVR option requires the use of an additional password.
  • SMS 'YESIVR' Last four digits of your YES Prosperity Rewards Plus Credit Card number' to 9212738927 from your registered mobile.
  • Get an OTP that will be valid for 60 minutes
  • Place your order over the phone
  • Enter your Credit Card number and CVV when prompted to make the payment
  • Use the OTP to validate the transaction

Here are some privileges on offer from YES Prosperity Rewards Plus Credit Cards:

Following is the eligibility criteria for YES Prosperity Rewards Plus Credit Card:

• Minimum age: 21 years
• Maximum age: 60 years
• Salaried individuals having a net salary of 25,000 per month
• Self-employed individuals reporting income of 5 Lakhs or more in their ITR

The charges associated with the card are as follows:

• First-time membership fee of 350. Reversible if you use the card for 7,500 within 90 days of issuance.
• A renewal membership fee of 350. Reversed if your annual spending is 25,000 or more in the 12 months before renewal.

• Maintain impeccable repayment record to avail the interest-free period available on YES Prosperity Rewards Plus Credit Card.
• Pay the entire YES Prosperity Rewards Plus Credit Card bill before the due date to continue availing the interest-free period.
• Depending on the timing of your purchases and the billing cycle, YES Prosperity Rewards Plus Credit Card offers an interest-free period ranging from 15 days to 50 days.
• The interest-free period is not available if you carry forward your Credit Card payment to the subsequent billing cycle.
• The interest-free period is not available on Cash Advance facility

YES BANK Customers

• Pay Credit Card bill using internet banking or mobile banking
• Use your debit card and pay the Credit Card bill at YES BANK ATM
• Issue standing instruction to the bank to recover the Credit Card bill amount from your savings/current account.

Other Bank Customers

• Make payment using facilities like NEFT/IMPS/RTGS fund transfer mode from your bank. Use IFSC as YESB0CMSNOC and beneficiary as YES BANK Credit Card.
• The traditional method of paying the Credit Card bill using cheques is available. Remember to quote your 16-digit YES Prosperity Rewards Plus Credit Card number as the beneficiary. Add your name and mobile phone number on the reverse side of the cheque. Drop the cheque along with the counterfoil of your Credit Card bill at YES BANK drop boxes in your city. The payment can take a minimum of 3 days for clearance.
• Use the net banking facility provided by your bank to pay the YES Prosperity Rewards Plus Credit Card bill using BillDesk facility. Allow for 3 days for the credit to take effect.
• Visit any YES BANK branch and deposit cash as payment towards your Credit Card bill
• Use Yes Mobile App to debit your YES BANK Savings or any other bank account
• Yes Pay App allows you to pay your bills using UPI
• The Yes Robot facility available on the bank website helps pay your Credit Card bill using BillDesk

Alternative methods

Alternate payment facilities like using Samsung Pay, Bharat QR, are also available.

Following are the required documents for YES Prosperity Rewards Plus Credit Card:

• Existing YES BANK customers need not submit KYC documents
• New customers should submit the regular KYC documents for ID and address proof
• Income documents like IT Return, salary slips

• Click on the 'Apply Now' option on https://apply.yesbank.in/credit-card/prosperity-rewards-plus-credit-card.
• Indicate whether you are an existing customer of YES BANK
• If yes, provide your customer ID to get an OTP on your registered mobile number
• Enter the OTP to verify the genuineness
• The YES BANK Relationship Manager will contact you to collect further details
• If you are not an existing YES BANK customer, furnish your mobile number. The subsequent procedure is the same as described in the steps above.
• Visit the nearest YES BANK branch to apply for the YES Prosperity Rewards Plus Credit Card

Tracking your application is easy.

• Call Yes Touch Customer Care Centre number and provide the unique 13-digit application reference number.
• You can also track your application online by furnishing your mobile number and the 13-digit application reference number.

Other YES BANK Credit Card products are as follows:

Know the value of the tangible benefits available on your YES Prosperity Rewards Plus Credit Card:

Apart from the age and income criteria, what other eligibility norms should I satisfy for applying for YES Prosperity Rewards Plus Credit Card?

All applicants should have an excellent CIBIL score to be eligible to get YES Prosperity Rewards Plus Credit Card.

What constitutes an excellent CIBIL score?

A credit rating of 750 and above is usually considered as good enough for applying for Credit Cards.

If my score is low, will the bank reject my application?

It depends on the kind of relationship you have with the bank. Generally, a low score is sufficient reason for the bank to reject the Credit Card application.

How can I know my CIBIL score?

You can check out your CIBIL score online. The CIBIL website also allows you to obtain your complete CIBIL report on the payment of specified fees.

How do I improve my CIBIL score?

Go through your CIBIL score. Identify your weaknesses. Repay your existing loans properly. Clear the overdue accounts. If there are adverse remarks, proceed to close such accounts. It will take time for these activities to take effect. In the meanwhile continue with the repayment of your loans on time. Refrain from applying for multiple loan facilities. These steps can improve your CIBIL score.

What will be the maximum limit of my YES Prosperity Rewards Plus Credit Card?

The limit depends on your income and repaying capacity. Generally, banks do not sanction limits more than two months of salary/income. Getting a Credit Card is easy. Maintaining it can be a challenge.

Is it better to take a loan on my Credit Card or go for a cash advance?

If your requirement is immediate, you might have to proceed with the cash advance facility. This facility does not come free. You have to pay the cash advance fee. Besides, the bank charges interest @ 3.50% per month on the amount you withdraw. There is a limit up to which you can withdraw. However, a loan is a better option if you can wait for around three days for the bank to turn around with your request. The rate of interest is less than that of the cash advance facility. You get the chance to repay in instalments. Thus, a loan on your Credit Card is a better option than the cash advance facility.

How do I rectify an error in my Credit Card billing statement?

Keep a record of all the payment transactions done on your Credit Card. Retain the slips until you receive the statement. Verify each entry for its genuineness by comparing with the transaction slip. If you find any discrepancy in the report, bring it to the notice of the bank immediately and seek a reversal. Any delay on your part will make it difficult to get the entry reversed.

Are part payments allowed on Credit Card bills?

Yes, the banks allow partial payments provided you make the payment of the minimum amount due. However, you should remember that the amount unpaid during a billing cycle attracts interest @3.50% per month. All subsequent purchases also attract interest.

What is the optimum utilisation limit of any Credit Card?

Generally, the optimum credit utilisation ratio should be around 30% of the credit limit.