YES BankYes Bank RuPay Credit Card – Benefits, Fees & Eligibility
Is the Yes Bank RuPay Credit Card Right for You?
The Yes Bank RuPay Credit Card is best suited for users who prioritize Shopping, Utilities, International Spends. With a joining fee of Lifetime Free and a renewal fee of Lifetime Free, this card offers free entry for new applicants. It offers Reward Points as its primary reward mechanism, with a rewards rate of 4 Reward Points per ₹200 spent on UPI transactions above ₹2,000. 2 Reward Points per ₹200 spent on other online spends..
Key Card Details
Lifetime Free
Lifetime Free
Reward Points
2.75% of the transaction amount
4 Reward Points per ₹200 spent on UPI transactions above ₹2,000. 2 Reward Points per ₹200 spent on other online spends.
3.8% per month or 45.6% per annum
Notable Perks
Fuel Surcharge Waiver
1% fuel surcharge waiver on spends between ₹400 to ₹5,000, with a maximum benefit capped at ₹125 per statement cycle.
Things to Consider
The Yes Bank RuPay Credit Card is only available in a virtual format, no physical card.
Its credit limit is shared with your primary Yes Bank credit card, limiting independent use.
This card does not offer a cash advance facility, restricting emergency cash access.
Benefits & Features
Rewards Rate
4 Reward Points per ₹200 spent on UPI transactions above ₹2,000. 2 Reward Points per ₹200 spent on other online spends.
Reward Type
Reward Points
Reward Redemption
Reward points earned can be redeemed against a host of choices at the Yes Rewardz portal.
Fees & Charges
Joining Fee
Lifetime Free
Renewal Fee
Lifetime Free
Foreign Currency Markup
2.75% of the transaction amount
Interest Rates
3.8% per month or 45.6% per annum
Fuel Surcharge Waiver
1% fuel surcharge waiver on spends between ₹400 to ₹5,000, with a maximum benefit capped at ₹125 per statement cycle.
Cash Advance Charges
Not offered, as the card does not provide a cash advance facility.
Rewards Redemption Fee
Rs. 100 per redemption request
Pros & Cons
Pros
Key benefits and features of this card.
This Yes Bank RuPay Credit Card is lifetime free with no joining or annual fees.
Enjoy the convenience of linking this card to UPI apps for seamless payments.
Earn accelerated reward points on UPI transactions, maximizing your digital spends.
Benefit from a lower than market standard foreign currency markup fee of 2.75%.
Get a 1% fuel surcharge waiver, making your fuel transactions more economical.
Cons
Key drawbacks and limitations of this card.
The Yes Bank RuPay Credit Card is only available in a virtual format, no physical card.
Its credit limit is shared with your primary Yes Bank credit card, limiting independent use.
This card does not offer a cash advance facility, restricting emergency cash access.
It cannot be used for peer-to-peer UPI transactions, only for merchant payments.
Product Details
Lifetime free credit card without any joining or renewal fee.
Available as a virtual-only card; no physical variant is provided.
Offers convenience in making UPI transactions seamlessly.
Features a low forex markup fee of 2.75% of the transaction amount.
Provides a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, capped at ₹125.
The credit limit is shared with the original Yes Bank credit card.
Instant EMI facility allows converting spends as low as ₹1,500 into affordable EMIs.
Can be linked to popular UPI apps like Paytm, BHIM, Google Pay, and PhonePe.
Benefits & Features
Rewards Rate
4 Reward Points per ₹200 spent on UPI transactions above ₹2,000. 2 Reward Points per ₹200 spent on other online spends.
Reward Type
Reward Points
Reward Redemption
Reward points earned can be redeemed against a host of choices at the Yes Rewardz portal.
What matters, explained clearly
Introduction
The Yes Bank RuPay Credit Card, offered by Yes Bank, is positioned as a complimentary, lifetime-free virtual card, ideal for entry-level users seeking the convenience of UPI payments. Its key differentiating benefits include accelerated reward points on UPI transactions and a low foreign currency markup fee, making it a user-friendly option for digital spending.
Fees
- Joining Fee: Nil
- Renewal Fee: Nil
- Rewards Redemption Fee: Rs. 100 per redemption request
- Foreign Currency Markup: 2.75% of the transaction amount
- Interest Rates: 3.8% per month or 45.6% per annum
- Fuel Surcharge Waiver: 1% fuel surcharge waiver on spends between ₹400 to ₹5,000, with a maximum benefit capped at ₹125 per statement cycle.
- Cash Advance Charges: Not offered, as the card does not provide a cash advance facility.
Rewards
- Reward Type: Reward Points
- Rewards Rate:
- 4 Reward Points per ₹200 spent on UPI transactions above ₹2,000.
- 2 Reward Points per ₹200 spent on other online spends.
Rewards Redemption Guide
- Reward points earned can be redeemed against a host of choices at the Yes Rewardz portal.
Card Eligibility Criteria
- The card is a complimentary offering that can be obtained when applying for another Yes Bank credit card.
- All Mastercard or Visa credit cardholders of Yes Bank are eligible for this card.
- The credit limit of the RuPay card is shared with the original Yes Bank credit card applied for.
- The card can be applied for online.
Card Review
The Yes Bank RuPay Credit Card is a suitable option for individuals looking for a beginner-friendly credit card that integrates seamlessly with UPI payments.
- Pros:
- Lifetime free with no joining or annual fees.
- Convenience of linking to UPI apps for payments.
- Accelerated reward points on UPI transactions.
- Lower than market standard foreign currency markup fee of 2.75%.
- Fuel surcharge waiver benefit.
- Cons:
- Available only in a virtual format; no physical card is issued.
- Credit limit is shared with the primary Yes Bank credit card.
- Does not offer a cash advance facility.
- Cannot be used for peer-to-peer UPI transactions.
Important Product Details
- Lifetime free credit card without any joining or renewal fee.
- Offers convenience in making UPI transactions.
- Available as a virtual-only card; no physical variant.
- Earns 4 Reward Points per ₹200 spent on UPI transactions above ₹2,000.
- Earns 2 Reward Points per ₹200 spent on other online spends.
- Features a low forex markup fee of 2.75% of the transaction amount.
- Provides a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, capped at ₹125 per statement cycle.
- The credit limit is shared with the original Yes Bank credit card.
- Does not offer a cash advance facility.
Other Details
- Virtual-Only Card: The card is offered only in virtual form; a physical variant is not provided.
- Additional Benefits:
- Instant EMI: Convert spends as low as ₹1,500 to affordable EMIs.
- EMI on Call: Easily convert spends into EMIs at low interest rates through on-call service.
- Quick Loan: In case of emergency requirements, get loans worth up to the credit card limit.
- Yes PayNow: Facilitates timely payment of bills every month.
- E-Mandate: Set up standing instructions for subscriptions, bill payments, insurance, and more.
- UPI App Linkage:
- Can be linked to Paytm, BHIM, Google Pay, and PhonePe. Other applications are updating their platforms for future compatibility.
- To link: Launch UPI app, click 'Add/Link Credit Card', choose Yes Bank, select Yes Bank RuPay Credit Card, confirm. Existing mobile banking users can use their MPIN as a UPI PIN; others will need to set up a new UPI PIN.
- Making UPI Payments:
- Launch UPI application, log in.
- Scan the Merchant’s QR Code.
- Fill in the transaction amount.
- Choose the Yes Bank RuPay credit card from payment methods.
- Enter UPI PIN and confirm.
- UPI PIN: A separate UPI PIN is required for UPI payments with the RuPay credit card. Existing users of IRIS by Yes or Yes Mobile will have the same MPIN and UPI PIN.
- Transaction Type: Can only be used to make UPI payments to merchants; cannot be used for peer-to-peer transactions on UPI apps.