YES Bank BYOC Credit Card – Benefits, Fees & Eligibility

Introduction

The YES Bank BYOC Credit Card, launched by YES Bank, is a highly customizable credit card positioned to compete with similar offerings in the market. BYOC stands for ‘Build Your Own Card,’ emphasizing its core differentiating benefit: cardholders can personalize both the physical appearance of their card and their rewards plan based on individual spending behavior. This card offers exciting reward rates and a wide range of additional privileges across categories such as travel and golf.

Fees

• Joining Fee: Rs. 49 + GST (Monthly)
• Annual Fee: Rs. 49 + GST (Monthly)
• Additional One-Time Fees for Card Customization:
  • Metal Credit Card: Rs. 3,499
  • Eco-friendly Credit Card: Rs. 249
  • Regular Plastic Card: No additional charges
  • Image Personalization: Rs. 149
• Rewards Redemption Fee: Nil
• Foreign Currency Markup: 3.5% of the total transaction amount
• Interest Rates: 3.80% per month
• Fuel Surcharge Waiver: 1% surcharge waiver on fuel transactions between Rs. 400 and Rs. 5,000
• Cash Advance Charges: 2.5% of the withdrawn amount, subject to a minimum of Rs. 300

Rewards

The YES Bank BYOC Credit Card offers cardholders the freedom to choose between a cashback or a reward points program.

• Reward Type: Cardholders can choose between Cashback or Reward Points.
• Base Rewards Rate:
  • If cashback is chosen: 1% cashback on all retail spends.
  • If reward points are chosen: 8 Reward Points on every retail spend of Rs. 200.
• Exclusions: No rewards or cashbacks are earned on fuel transactions, cash withdrawals, EMI transactions, or credit card fee payments.
• Accelerated Cashback Plans (Optional): Cardholders can choose to earn accelerated cashback on selected merchants by purchasing one of the following plans:
  • Silver Plan: Choose 2 merchants out of 5 for Rs. 99 plus taxes.
  • Gold Plan: Choose 3 merchants out of 5 for Rs. 149 plus taxes.
  • Platinum Plan: Access all 5 merchants for Rs. 249 plus taxes.
  • Available Merchants: Swiggy, Uber, Pharmeasy, BookMyShow, and BigBasket.
• Travel Benefits:
  • 1 complimentary domestic airport lounge access every quarter (4 times every year).
• Golf Privileges:
  • 4 complimentary rounds of golf every year.
  • 1 complimentary golf lesson each calendar month.
• Lifestyle Benefits:
  • Fully customizable credit card, allowing choice of physical appearance.
  • Options for physical card include Metal, Eco-friendly, or Regular Plastic.
  • Option for image personalization on the card.

Rewards Redemption Guide

• Reward Points: Earned reward points can be redeemed against various options available at the YesRewardz portal. The monetary value of 1 Reward Point can be up to Re. 0.25.
• Cashback: Cashback earned is automatically credited to the cardholders’ accounts.

Card Eligibility Criteria

• Age: The applicant's age should be between 21 years and 60 years.
• Employment Status: The applicant must be either salaried or self-employed.
  • Salaried Individuals: Minimum required income is Rs. 25,000 per month.
  • Self-Employed Individuals: Minimum ITR should be Rs. 5 lakhs.
• Credit Score: The applicant should have a decent credit score.

Documents Required

• Identity Proof: Aadhar Card, PAN Card, Passport, Voter’s ID, or Driving License.
• Address Proof: Aadhar Card, Passport, Ration Card, or latest months’ utility bills.
• Income Proof: Latest months’ salary slips/bank statements, or latest audited ITR.

Card Review

The YES Bank BYOC Credit Card is an excellent choice for individuals seeking a credit card that can be tailored to their specific needs and spending habits. Its customizable nature allows cardholders to select their preferred physical card variant, ranging from a premium metal card to an eco-friendly or regular plastic card, along with the option to personalize the card image. Furthermore, the flexibility to choose between a cashback or a reward points program, coupled with optional accelerated cashback plans on popular merchants, makes it versatile. Additional perks like complimentary lounge access and golf privileges enhance its value. This card is suitable for anyone looking for a basic rewards card or a premium cashback credit card, offering a personalized experience.

Important Product Details

• Positive Highlights:
  • Fully customizable credit card, allowing choice of physical card type and rewards program.
  • Option to choose between 1% cashback on all retail spends or 8 Reward Points on every Rs. 200 spent.
  • Ability to select accelerated cashback plans on preferred merchants (Swiggy, Uber, Pharmeasy, BookMyShow, BigBasket).
  • Complimentary domestic airport lounge access once every quarter.
  • Complimentary golf games (4 per year) and golf lessons (1 per month).
  • 1% fuel surcharge waiver on fuel transactions between Rs. 400 and Rs. 5,000.
  • No rewards redemption fee.
• Negative Highlights:
  • Monthly membership fee of Rs. 49 + GST.
  • Additional one-time fees apply for metal, eco-friendly, or image-personalized card variants.
  • Foreign currency markup of 3.5% on international transactions.
  • Cash advance charges of 2.5% (minimum Rs. 300).
  • No rewards or cashback on fuel transactions, cash withdrawals, EMI transactions, or credit card fee payments.

Other Details

• How to Apply: Applicants can apply for the YES Bank BYOC Credit Card both online and offline. Online applications can be submitted via YES Bank’s official website by filling out a digital application form. For offline applications, individuals can visit their nearest YES Bank branch with the required documents and complete a physical application form.
• Interest Rate Discrepancy: While the main fees section states an interest rate of 3.80% per month, an FAQ mentions 3.5% per month.