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 seeking extensive benefits across travel, shopping, and entertainment. This card differentiates itself with features such as unlimited international airport lounge access, buy-one-get-one-free offers on movie tickets, and an accelerated reward points program that includes online, offline, and even specific restricted category spends. It also provides purchase protection for online electronics and mobile phone purchases.

Welcome Benefits

• 40,000 Reward Points.
• Complimentary ETPrime subscription voucher worth ₹3,199 upon payment of joining fees.

Fees

• Joining Fee: Rs. 9,999 + GST.
• Annual Fee: Rs. 4,999 + GST.
• Spend-Based Waiver: The annual fee can be waived on spending Rs. 10 Lakh in a year.
• Rewards Redemption Fee: ₹100 + GST.
• Foreign Currency Markup: 1% of the transaction amount.
• Interest Rates: 2.99% per month (35.88% annually).
• Fuel Surcharge Waiver: 1% on fuel transactions between ₹500 and ₹5,000, with a maximum waiver of ₹1,000 per statement cycle.
• Cash Advance Charges: 2.5% or ₹650, whichever is higher.

Rewards

Reward Earning

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

Reward Value

• 1 Reward Point is valued at up to ₹0.25.
• For Amazon/Flipkart Gift Vouchers, 1 Reward Point is approximately ₹0.15.

Movie & Dining

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

Travel

• Domestic Lounge Access: Receive 6 complimentary lounge visits each calendar quarter for both primary and add-on cardholders. Additionally, 2 domestic airport lounge visits each quarter are offered for guests. Cardholders must spend ₹1 lakh in the previous quarter to be eligible for this benefit.
• International Lounge Access: Enjoy unlimited international lounge access for both primary and add-on cardholders. This also includes 4 complimentary lounge visits for guests in a calendar year. After exhausting free guest visits, applicable fees and taxes will be charged.
• Benefit from a low foreign currency markup fee of 1%.

Golf

• Enjoy a waiver of 4 Green Fees 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 of Rs. 3 Lakh.
• Purchase Protection Plan: Get 6-month accidental damage insurance for mobile phones and electronic devices purchased online.

Lifestyle

• Complimentary ETPrime subscription voucher worth ₹3,199 upon payment of joining fees.
• Benefits associated with Visa Infinite Credit Card.

Rewards Redemption Guide

• Reward points can be redeemed through Yes Rewardz.
• For redemption, visit creditrewardz.yes.bank.in.
• Reward Points expire within 36 months (3 years) from the date of earning.

Card Eligibility Criteria

• Applicant must be a resident of India.
• The applicant’s age should be between 21 and 60 years.
• The minimum monthly income required is ₹3 Lakh or an Income Tax Return of ₹24 Lakh.

Card Review

The Yes Bank Marquee Credit Card is a premium offering with features that significantly reward spends on online shopping, travel, and entertainment. While the joining fee is high, the card's extensive benefits make it a compelling choice for individuals who can maximize its perks, particularly frequent travelers.

Pros

• Ideal for international travelers due to unlimited international lounge access and a low 1% foreign currency markup.
• Attractive for individuals who frequently engage in entertainment, offering Buy One Get One on movies and discounts on dining.
• Accelerated reward points on online and offline spends, including specific utility payments.

Cons

• The card has a high joining fee of Rs. 9,999 + GST.
• The welcome benefit, while valuable, may seem limited when compared to the high joining charge.

Important Product Details

• This is a super-premium credit card offered by Yes Bank.
• Offers unlimited international lounge access for primary and add-on cardholders, along with guest access for both domestic and international lounges.
• Provides Buy One Get One (BOGO) offers on movie tickets.
• Earns 36 Reward Points for online spends of ₹200 and 18 Reward Points for offline spends of ₹200.
• Features a low foreign currency markup of 1%.
• Includes a Credit Shield Cover of Rs. 3 Lakh.
• Provides a 6-month accidental damage insurance for mobile and electronic devices purchased online.
• Comes with a joining fee of Rs. 9,999 + GST and an annual fee of Rs. 4,999 + GST.
• The annual fee can be waived on spending Rs. 10 Lakh in a year.

Other Details

• The card supports contactless payments.
• To access international lounge visits, online transactions must be enabled on the credit card.