Yes Bank Marquee Credit Card – Benefits, Fees & Eligibility

Introduction

The Yes Bank Marquee Credit Card is a super-premium offering from Yes Bank, designed for individuals who frequently shop online, travel, and seek entertainment benefits. It provides a comprehensive suite of features, including unlimited access to airport lounges, buy-one-get-one-free offers on movie tickets, discounts on dining, and accelerated Reward Points on various spending categories. The card also includes purchase protection for online purchases of mobile phones and electronics, making it a well-rounded option for premium cardholders.

Welcome Benefits

• Receive 40,000 Reward Points upon joining.
• Get a complimentary ETPrime subscription voucher worth ₹3,199 upon payment of the joining fees.

Fees

• Joining Fee: Rs. 9,999 + GST.
• Renewal Fee: Rs. 4,999 + GST.
• Spend-Based Waiver: The renewal fee can be waived on spending Rs. 10 Lakh in a year.
• Rewards Redemption Fee: Nil.
• Foreign Currency Markup: 1% of the transaction amount.
• Interest Rates: 2.99% per month (35.88% annually).
• Fuel Surcharge: 1% on fuel transactions between Rs. 400 and Rs. 5,000.
• Fuel Surcharge Waiver: Maximum fuel surcharge waiver of ₹1,000 per statement cycle.
• Cash Advance Charges: 2.5% of the transaction amount.

Rewards

Reward Points Earning

• Online Spends: Earn 36 Reward Points on each spend of ₹200 (equivalent to a 4.5% reward rate). This includes eligible online grocery purchases.
• Offline Spends: Earn 18 Reward Points on each ₹200 spent offline (equivalent to a 2.25% reward rate).
• Select Categories: Earn 10 Reward Points on each ₹200 spent on categories such as Recharge and Utility Bill Payments (equivalent to a 1.25% reward rate).
• Exclusions: No reward points are earned for fuel, rent, government, marketing/advertising, wallet cash withdrawals, or post-purchase transactions converted into EMIs.

Movies & Dining

• Enjoy a 15% discount on select restaurants.
• Get Buy One Get One (BOGO) free on movie ticket bookings, capped at 3 transactions per month. The maximum value of a free movie ticket cannot exceed ₹800.

Travel

• Low Foreign Currency Markup: Benefit from a low foreign currency markup of 1% on international transactions.
• Domestic Lounge Access: Receive 6 complimentary domestic airport lounge visits each calendar quarter for both primary and add-on cardholders (total 24 visits in a year). Additionally, get 2 domestic airport lounge visits each quarter for guests. Eligibility for this benefit requires spending ₹1 lakh in the previous quarter.
• International Lounge Access: Enjoy unlimited international lounge access for both primary and add-on cardholders. Also includes 4 complimentary international lounge visits for guests in a calendar year. Online transactions must be enabled on the credit card to access international lounge visits. After utilizing free access, card members and guests will be charged applicable fees and taxes.

Golf

• Enjoy a waiver of 4 Green Fee at select golf courses in India.
• Receive one complimentary golf lesson every calendar month at select golf courses in India.

Insurance Benefits

• Credit Shield Cover: Benefit from a Credit Shield Cover of Rs. 3 Lakh.
• Purchase Protection: Get 6-month accidental damage insurance for mobile and electronic devices purchased online.

Renewal Benefits

• Earn 20,000 Reward Points upon paying the annual renewal fees.

Rewards Redemption Guide

• Reward points can be redeemed through Yes Rewardz.
• The value of 1 Reward Point is up to ₹0.25.
• Reward Points expire within 36 months (3 years) from the date of earning.

Card Eligibility Criteria

• Residency: Must be a resident of India.
• Age: The applicant’s age should be between 21 and 60 years.
• Income: Minimum monthly income required is ₹3 Lakh or an Income Tax Return of ₹24 Lakh.

Card Review

The Yes Bank Marquee Credit Card stands out as a premium offering with strong benefits across online shopping, travel, and entertainment. Its comprehensive features, particularly the unlimited lounge access for international travel and attractive movie and dining perks, make it a compelling choice for individuals seeking high-value benefits. While the initial joining fee is substantial, those who can fully leverage the card's rewards and benefits will find it to be a worthwhile investment. It is especially recommended for frequent travelers and youngsters who can maximize the lifestyle benefits.

Pros

• Ideal for international travelers due to unlimited international lounge access and a low 1% foreign currency mark-up.
• Offers attractive benefits like Buy One Get One on movies and discounts on dining, appealing to a younger demographic.

Cons

• Comes with a high joining fee of Rs. 9,999 + GST.
• The welcome benefit, while good, might be considered limited relative to the high joining charge.

Important Product Details

• This is a premium credit card offered by Yes Bank.
• It provides unlimited international lounge access for both primary and add-on cardholders.
• Features Buy One Get One (BOGO) offers on movie tickets.
• Earns 36 Reward Points for every Rs. 200 spent online and 18 Reward Points for every Rs. 200 spent offline.
• The card offers benefits associated with Visa Infinite.
• Supports contactless payments.

Other Details

• While the general value of 1 Reward Point is up to ₹0.25, specific redemptions like Amazon/Flipkart Gift Vouchers may yield a lower value of approximately ₹0.15 per point.